Topic: Can it be possible for the whole wide world use a single currency? - page 7. (Read 1281 times)
May 11, 2018, 09:37:44 AM
I'm sure that if the world uses a single currency then poverty and unemployment will increase, we all know that the ruler of the world economy is a strong country like china, USA, Japan and so on, if the world uses a single currency then a third country will never be able to fix their economic life because it is too easy to control.
May 11, 2018, 09:11:48 AM
I think bitcoin still can not be a global single currency, because people still assume that fiat currency is easy to use as a daily transaction tool. bitcoin or currency digits itself there are still many people who do not know about this currency.
May 11, 2018, 09:02:04 AM
It wouldn't be possible for the whole world to use single currency. As various governments all over the wouldn't accept it. They would like to use their own currency.
May 11, 2018, 08:53:39 AM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
secondary currency which is bitcoin I guess would be possible. But if we're talking about national currency, it's highly doubtable.
Leaders of each nation even fight for territories, nuclear powers, etcetera. This would also be an issue of surrending to one's currency.
May 11, 2018, 08:39:44 AM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
No since most of the countries nowadays were fighting economically for being on top, for being the wealthiest country in rhis world if a single currency may be regulated rhis will cause war I guess due to the fact that not everybody will agree on a certain currency that may be not that familiar to them, the fact is people doesn't what anyrhing that involves complicated information and mechanics, I highly believe that this is impossible to happen.
May 11, 2018, 08:24:42 AM
I'm sure bitcoin must be able to dominate the world. all countries will use bitcoin as a legitimate transaction tool. but despite that. the world still will not be separated from paper money. because paper money can be made as a symbol or a sign of the country.
One of Bitcoin's main principles is that there are no borders it has to respect or abide by. It's one protocol that has no equal, and one that at the same time can't be stopped. It's pointless to focus on what paper money will be like by that time, we should only care about what matters for us, and that's slowly taking distance from dealing with fiat. Let countries have their paper money, we have Bitcoin, that's more than enough. In current times it requires only our smartphone to transact with others or buy our daily needs in stores. I could perfectly use Bitcoin as sole currency if it enjoyed more adoption and stability. Fiat is a mixture of state and corporation money, while Bitcoin is people's (everyone's) money.
It's a dream that probably have no chance of becoming real. Different countries have different beliefs and culture and having a common currencyay prove to be a problem since not everyone would be im agreement to certain aspects. It would be nice though but almost impossible
May 11, 2018, 08:04:36 AM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
I believe that it is still possible though we all know that it would really take a lot of time and a lot of things to consider. I believe that global market is starting to accept cryptocurrency as a currency. What the world needs it enough education about crypto for people around the globe.
May 11, 2018, 07:45:53 AM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
Become the second currency to be precise, after the currency of a country of course. Would be a problem if a country doesn’t have a currency and depends totally on global finance, their economies could break apart especially if adopting Bitcoin in its volatility is a mass genocide. Perhaps the role of Bitcoin will be more like the current USD, not an official currency but still used massively. 
May 10, 2018, 09:14:39 AM
I think it has no possibility ,because if that happen many holder of other coins well argue with that, and scamming will become more easy, and many people will make a way to avoid that just like what they have do when BTC value increase, they make other altcoin that more better than BTC such as bitcoin cash and more other cryptocurrency.
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There is absolutely no possibility unless we just want to be deceiving ourselves. Take a look at how things have been in most countries as centralization has been the norm of the day and we want to assume bitcoin to take that space ? No way !.
As eager as we are to see things get so sweet and lovely with bitcoin being used widely, there are just some things that are pretty not possible to see happen and this is definitely one of them unless we do not want to be realistic.
May 10, 2018, 08:45:36 AM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
I think it is possible. Every country has its own financial institution and different levels in that. Removing these flaws by bringing a common mechanism would be the major problem. Bringing one global currency in to scene, will increase debt on countries having low value currency. For example - Indian Rupee is downgraded compare to dollar and hence such conversion may lead to increase debt level over our country. The bigger a system gets,the more it become prone to faults. Distribution of powers among developed and developing countries would be another major problem.
May 10, 2018, 08:42:30 AM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
Bitcoin has the capability to be the universal currency in transaction on a decentralized base system which could offer faster and easier way of doing transaction with the used of internet and the blockchain system. Yet, the only thing people need to consider is the information they would gather about bitcoin. Because most of people really depends on bitcoin to be as a form of investment that they could used in trading which it is not a form of currency which dollar does in the market. We need much more support by the government and other sectors of the market that could help on the process of sending the right information to people who can used bitcoin as a universal currency. May 10, 2018, 08:26:11 AM
I'm sure bitcoin must be able to dominate the world. all countries will use bitcoin as a legitimate transaction tool. but despite that. the world still will not be separated from paper money. because paper money can be made as a symbol or a sign of the country.
One of Bitcoin's main principles is that there are no borders it has to respect or abide by. It's one protocol that has no equal, and one that at the same time can't be stopped. It's pointless to focus on what paper money will be like by that time, we should only care about what matters for us, and that's slowly taking distance from dealing with fiat. Let countries have their paper money, we have Bitcoin, that's more than enough. In current times it requires only our smartphone to transact with others or buy our daily needs in stores. I could perfectly use Bitcoin as sole currency if it enjoyed more adoption and stability. Fiat is a mixture of state and corporation money, while Bitcoin is people's (everyone's) money.
It's a dream that probably have no chance of becoming real. Different countries have different beliefs and culture and having a common currencyay prove to be a problem since not everyone would be im agreement to certain aspects. It would be nice though but almost impossible
May 10, 2018, 06:57:37 AM
I'm sure bitcoin must be able to dominate the world. all countries will use bitcoin as a legitimate transaction tool. but despite that. the world still will not be separated from paper money. because paper money can be made as a symbol or a sign of the country.
One of Bitcoin's main principles is that there are no borders it has to respect or abide by. It's one protocol that has no equal, and one that at the same time can't be stopped. It's pointless to focus on what paper money will be like by that time, we should only care about what matters for us, and that's slowly taking distance from dealing with fiat. Let countries have their paper money, we have Bitcoin, that's more than enough. In current times it requires only our smartphone to transact with others or buy our daily needs in stores. I could perfectly use Bitcoin as sole currency if it enjoyed more adoption and stability. Fiat is a mixture of state and corporation money, while Bitcoin is people's (everyone's) money.
May 10, 2018, 04:15:26 AM
I truly don't feel that bitcoin can wind up principle worldwide money, swap for different monetary forms.
If you pay for some administration with fiat cash, and some person cheat you, you can grumble to the experts and you will get your discount inevitably.
With bitcoin, you can't discover genuine proprietor of btc wallet and can't grumble to the specialists and demand discount.
As a result of it, banks or money related establishments will never acknowledge bitcoin for their business. Bitcoin have future just as contrasting option to the customary cash.
If you pay for some administration with fiat cash, and some person cheat you, you can grumble to the experts and you will get your discount inevitably.
With bitcoin, you can't discover genuine proprietor of btc wallet and can't grumble to the specialists and demand discount.
As a result of it, banks or money related establishments will never acknowledge bitcoin for their business. Bitcoin have future just as contrasting option to the customary cash.
May 10, 2018, 03:18:08 AM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
It will not be possible because there are a lot of people today who are not capable of earning cryptocurrency and if government will allow it then it was good since everyone will know about bitcoins that it is not a scam.
May 10, 2018, 03:09:17 AM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
No, because every country want to have their own local currency which is way comfortable andconvenient to them. I don't think they will adopt other foreign currency instead of using their own as it can be manipulated by the host country if they want to shutdown any economy I mean their rival which sometimes make any conflict anytime so that is why they stick to their own currency. Bitcoin can only be used as a single digital currency and I know that it will be happening soon due to the fact that it is decentralized and has privacy. 
May 10, 2018, 01:54:53 AM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
Yes of course, if government will allow this kind of system that people will all use cryptocurrency then life will so much easier since bitcoins today is growing so fast in the market and if you are a good trader then you can be very rich within just a few months.
May 10, 2018, 01:54:11 AM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
Yes it is possible. If most of the people from all over the world will use only one currency then after that the remaining will also prefer to use only that currency and they will try to make it the only coin of the world to be traded and to be used in the crypto world. Then that coin will be the only used global coin and all of the developers will try to work for the development of that only. May 10, 2018, 01:53:04 AM
Somewhere in the future, we will all use one currency, yes. The world and free economy always strive towards the simplification, it is only the Governments that complicate things, but in the long run, they are powerless.
Governments should be there only to correct the misses of the free economy (like segregation between rich and poor), however mostly they only induce it.
Same as the European Union having a common currency for usage, in the future there is possibility for a single currency usage around the globe. For the same, majority of the countries need to give approval which is not gonna happen in a short time period because economically grown countries will oppose it.Governments should be there only to correct the misses of the free economy (like segregation between rich and poor), however mostly they only induce it.
That is an excellent example. However, it is unfortunately also the example how in some countries it cannot work before some other problems are not being taken care of. It's a process (..if you watched "Analyze this"
) May 10, 2018, 12:41:48 AM
I think if the world uses a single currency then it can improve the welfare of everyone, reduce unemployment and so on, if the world uses a single currency then global transactions become easier and price differences in all countries will not happen.
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