Could There Be One World Digital Currency? - page 3.

plr

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Quote from: soenan on December 08, 2020, 08:20:16 AM

Cryptocurrency is becoming a trend despite the shock of the COVID-19 pandemic. This actually raises a conspiracy regarding the possibility of changes in the financial world to use digital currency as one of the goals of the New World Order or the global elite.

COVID-19 itself has had an impact on worsening economies in many countries. But is there an adaptation of one world currency? Can Bitcoin or other cryptocurrencies be a substitute for money in the future?

One world currency sounds to good to be true, almost impossible because each country has their own financial structure and political philosophy, the Euro currency is very much different, I doubt if that possible for one world to have one currency, much more using Bitcoin as the one currency.

awakpane

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In my opinion, making cryptocurrency the only currency in the world in the near future is almost impossible. In fact, a pandemic has the potential to cause decoupling, which means that there is deglobalization. All focus on the recovery of their respective countries.

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Quote from: soenan on December 08, 2020, 08:20:16 AM

Cryptocurrency is becoming a trend despite the shock of the COVID-19 pandemic. This actually raises a conspiracy regarding the possibility of changes in the financial world to use digital currency as one of the goals of the New World Order or the global elite.

COVID-19 itself has had an impact on worsening economies in many countries. But is there an adaptation of one world currency? Can Bitcoin or other cryptocurrencies be a substitute for money in the future?

Bitcoin can be one world currency in the future, but all governments must agree to use bitcoin as their money, which I don't think will be easy for them to accept bitcoin. Every country wants to have its own digital money, so there will be a competition between each country to be the number one currency used for another country.

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Well we are not sure in the future actually there's no assurance that it could be or it could not but right now it looks like Bitcoin was being accepted by big companies already and it's just a matter of time before everyone accepts it so Bitcoin was more likely close on being the world digital currency.

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Quote from: soenan on December 08, 2020, 08:20:16 AM

Cryptocurrency is becoming a trend despite the shock of the COVID-19 pandemic. This actually raises a conspiracy regarding the possibility of changes in the financial world to use digital currency as one of the goals of the New World Order or the global elite.

Though Covid is not enough for that to happen and also There are so many things and factor that must be Answered and fill before the Change in Financial world happens in favor of Bitcoin.

Quote

COVID-19 itself has had an impact on worsening economies in many countries. But is there an adaptation of one world currency? Can Bitcoin or other cryptocurrencies be a substitute for money in the future?

Substituting Fiat won't happen any time soon.Instead what should be the question is Will Bitcoin be Acknowledge worldwide to At least be the Support in the cause of financial problem and economic failure.

World currency is our desire but surely won't happen .

InwardContour

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Quote from: Tahid12 on December 08, 2020, 04:28:22 PM

I believe that will be happened in future but for that, need long time to fulfill. although I'm not sure about bitcoin even others Crypto cause its hard for any crypto to take place as one world digital currency.crypto aren't still enough secure, not stable, even can be manipulate.so don't think can be substitution for fiat.maybe something new invension is waiting for us for make one world order

It's an illusion to even think that there will come a time when there'll be one universal cryptocurrency used worldwide, or to think crypto will ever replace FIAT. Let's assume there is going to be a currency used universally worldwide, it's never going to be any existing cryptocurrency. The world powers understand the risk involved in doing such, hence I doubt if it will ever be obtainable.

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I never thought that Bitcoin would replace fiat in the future, because Bitcoin was made only for digital currency and as a temporary payment intermediary, and not only that Bitcoin in some countries was not allowed to use Bitcoin until recently, so how could Bitcoin be? replacing fiat because it is very difficult to do, but if it happens it will take a very long time and will be a very complicated debate in the government.

mu_enrico

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Quote from: soenan on December 08, 2020, 08:20:16 AM

But is there an adaptation of one world currency? Can Bitcoin or other cryptocurrencies be a substitute for money in the future?

Money ≠ currency.
Currencies are controlled by governments, therefore, if you want this "one world currency," the "one world order" thing must exist.
The good thing is, money is more universal. Gold, for example, is valuable everywhere.

Bitcoin is money (IMO) not sure about other cryptos.

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How can a country's budget be accepted and distributed using cryptocurrency? Such a budget can only be accepted in the national currency or the national digital currency, which must be centralized. And in case of insufficient funds to fulfill the expenditure part, a decision is made on the issue of money.

poodle63

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This is funny because one currency for the entire world is not gonna be possible. Even cryptocurrencies has so many tickers out there and moreover people are smart enough to think that if we only have one currency then it means centralized power.

This conspiracy about one currency is hilarious tbh.

bitzizzix

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No one knows the truth later, but I personally think the two will go hand in hand and can be used for buying and selling transactions.
Bitcoin or other crypto is just an alternative to fiat but will not completely eliminate or replace fiat, fiat currency is an irreplaceable symbol of a country.
and to use digital currency must be supported by a very strong internet network, especially in remote areas and not necessarily everyone can use it, but I don't know the future and it is still impossible for me personally.

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Quote from: pedrillo0 on December 08, 2020, 04:04:51 PM

Cryptocurrencies is the next step to the new globalization.

Banks and governments leave, and everything will be better with the internet of easy things.

I think that Bitcoin will only be digital gold, altacoins are the ones that will have real life use and what Bitcoin needs to shine.

The real situation should not be so neglected. Banks and governments are not going anywhere. Cryptocurrency will never dominate the financial world. Now almost every cryptocurrency is global, since it has the ability to go around the world. However, at the state level, the cryptocurrency will not be used as a global one. They will have their own central bank stablecoins, various regional stablecoins. A global single currency can hardly be expected, since large states will always fight for spheres of economic influence and wage trade wars among themselves.

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Bitcoin may be the one world currency the Bible talks about that will manifest during the terror reign of the antichrist from the way things are going. There is an outbreak of coronavirus that has lasted a year now yet Bitcoin has continued to get more value. More people are transferring their cash to buying bitcoin because it is safe haven.

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Quote from: ?? on ??

Bitcoin was created for something like this, the future of Bitcoin will continue,
the Bitcoin use case is also increasingly visible, many institutions are using bitcoin now,
and there is a high probability that the US Dollar will be replaced by Bitcoin

bitcoin will be major cryptocurrency but not as the only coins that used or accepted in the world. there are many developers from any countries developt their own cryptocurrency,and i am doubt it will replace US Dollar in finance system. US Dolar and Bitcoin have same position their own market , and bitcoin need to do more thing to be accepted ass USD.

idrisalomagold

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Bitcoin couldn't be the best candidate as a new payment method because of its limited payment characteristic like fiat value; however, it can become a better store of value. New world order means new system and it is needed perhaps not on the conspiracy basis but the idea of imminent global financial crisis although the impact has not yet manifested but the probability is so high. It can be observable through recent global events (covid-19) and despite development of vaccine, economy will shrink and as of now, it is not yet at its peak.

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Quote from: Temido2222 on December 08, 2020, 06:25:05 PM

Never. No large nation will willingly give up its currency and thus monetary policy to some outside nation. The Euro works because each member nation has delegates in Brussels, but such a thing couldn't work for crypto. Just another pipe dream

EURO should be on the different case but this time even more and more companies wanna try to create their own stable coin and remember BCDC will be starting to be adopted massively by a lot of nations too.
It's an impossible thing to see that the one currency will be used by all of parties.

sheenshane

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No one can predict the future of Bitcoin or cryptocurrencies price same as we can't conclude if there will be a one world currency or not because currently as I see, no government will be willing to lose control on the market and financial circulation over their citizens. Furthermore, it is far from the reality that all the countries will be united and sovereignty will be dispersed equally to every government.

In simple words like China and the USA, they will not allow that the currency they initially owned will no longer consider as solely and exclusive to their territory instead it will be replaced by a digital currency that is owned by no one and will be used in all part of the world in which they will totally lose control over it. One thing we can be sure of is that cashless transactions will be accepted globally or worse might be implemented as a law in the mere future.

Temido2222

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Never. No large nation will willingly give up its currency and thus monetary policy to some outside nation. The Euro works because each member nation has delegates in Brussels, but such a thing couldn't work for crypto. Just another pipe dream

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In my opinion, it is impossible for adaptation to become one world currency, because some countries do not want to lose
their national currency. Moreover, their fiat currency will be replaced with cryptocurrencies that cannot be controlled, I am
sure that will not happen. What might happen is that cryptocurrency will co-exist with fiat currency, this is more likely and
acceptable.

pixie85

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No I don't think there will be a single world currency ever.

A group of countries could decide to form a union and use the same digital currency just like the EU did with Euro but even some of the Eu states broke the agreement and continued to use their own currencies. Making whole world decide on a common goal would require an extraterrestrial threat.

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