Topic: Do we need a global currency? (Read 389 times)
Soon after the agreement to create a single currency will be signed, the events will develop according to a well-known scenario. The whole system will collapse sooner or later. Governments are not ready to subordinate their internal interests to the idea of international financial stability. The collapse of the exchange rate, changes in the stock markets will undermine the credibility of the alternative currency.
Global currency can only be tolerated if it is decentralized and not
owned and controlled by a particular country like the dollar bill.Otherwise,
most countries may not have enough chunk of it and it must affect the citizens
of such countries negatively.Let every country develop its own currency and link
it to the block chain and with distributed ledger integration, one can transact from
one crypto coin to another without barriers.
owned and controlled by a particular country like the dollar bill.Otherwise,
most countries may not have enough chunk of it and it must affect the citizens
of such countries negatively.Let every country develop its own currency and link
it to the block chain and with distributed ledger integration, one can transact from
one crypto coin to another without barriers.
While we're on the subject:
"a global currency vs a world currency"
https://medium.com/@globcoin_io/a-global-currency-vs-a-world-currency-b453a3db7c08
"a global currency vs a world currency"
https://medium.com/@globcoin_io/a-global-currency-vs-a-world-currency-b453a3db7c08
A currency for the globalized world. Although it may sound like a utopia for some, a global or world currency is actually a well-known concept in International Finance and Foreign Exchange Markets. It refers to a currency that can be used for transactions across the globe without borders. By global currency it will create more economy space.
Will these plans to create a global currency be realized? As for me - in part. That is, a new global currency may and will appear, but will receive limited application. It will not cancel the national currencies of China, Russia and many other large countries...
Obviously needed global currency, because in this world there are many countries that have a different currency. Currency values between one country and another can be determined by exchange rate against global currencies, and also to facilitate transactions.
In true, crypto is also a response to too much regulations on imports and exports. There was no such regulations maybe the coin wouldnt matter that much. We still have regulations but at leat the exchange price and sending the money is not the biggest problem anymore. The coin dont even need to be a crypto becouse the best coin would win this 'competition', even if it was a government fiat. The problem is in sending and again... regulations.
Maybe not a UNIQUE currency "to rule them all".
But a currency that has the quality of being global. Being widely accepted and used everywhere, with no exaggerated fees.
But a currency that has the quality of being global. Being widely accepted and used everywhere, with no exaggerated fees.
In the actual state, how would a global unique money work ? Seriously just think about it.
Would leave every countries/states in the world unable to lead economical politics on their territories.
Plain and simple. (Altho some would argue it's already the case in the Euro zone :p (RIP EU union) )
Would leave every countries/states in the world unable to lead economical politics on their territories.
Plain and simple. (Altho some would argue it's already the case in the Euro zone :p (RIP EU union) )
What do you think?
It is happening now. FIAT is the currency of every country which control by elites, banks and government. People are using this kind of currency every day on their expenses. but now that bitcoin has been introduce and well popular into market and most of the people know about this. We can tell that bitcoin is the world currency that can be convert to any FIAT all over the world.
Why would Bitcoin not become a global currency once?
I suppose the closest thing we have at the moment is the dollar which is used in many places in and out of the US and is pretty successful, but then you have the Euro which many were EU countries where forced to adopt and i bet now many wish they hadn't.
I guess if you have a strong currency and if it is done right you could have a successful global currency, but it's not needed per se.
I guess if you have a strong currency and if it is done right you could have a successful global currency, but it's not needed per se.
This is a very big idea, a global currency, which is unlikely.
To achieve this goal must be a very strong country to unify the world, at that time there will be a common currency.
To achieve this goal must be a very strong country to unify the world, at that time there will be a common currency.
Global currency is necessary to facilitate easy trade among the countries of the world. When global currency is generally acceptable among the countries of the world, it would drastically reduced the tension inferiority in currency
Global currency is very important to create a global transaction. If all the countries have a global currency, evil powers can rule the world easily to realize their horrible goals. Global currency will helps us to transact money from the any corner of the world.That's why we need a global currency as soon as possible.
Of course we need a global currency.There are many advantages to having global currency.We can perform a easy transaction from the any corner of the world.We can also do a easy shopping by using global currency.
Yes, it would be so much easier. But this is very difficult to do, because there are so many countries and not everyone can like this idea.
If there is a global currency, who will be the final authority over it. That is where the problem will be , government yielding their power to one centralize authority to control their finance is like given their powers away. It wont be possible.
Yes, definitely needed. It would be so much easier to live. Because the constant exchanges on which you lose a lot of money are already boring .
I agree, but the means of getting us to that point is too much work. War would even be one of the possible ways to achieve it.
Yes, definitely needed. It would be so much easier to live. Because the constant exchanges on which you lose a lot of money are already boring .
i think so we need a global currency because most of people they like to travel and they dont want to hassel to find a money changer
There would be a little something for everyone with a global currency. Developed nations would certainly benefit since there would no longer be currency risk in international trade. In addition, there would be somewhat of a leveling of the global playing field, since nations like China could no longer use currency exchange as a means to make their goods cheaper on the global market.
Do we need a global currency?
Ask this question in the flat earth thread - https://bitcointalksearch.org/topic/flat-earth-1009045 - for the best answer.
Ask this question in the flat earth thread - https://bitcointalksearch.org/topic/flat-earth-1009045 - for the best answer.
How about we all dress the same? A shiny unitard with a big V on it.
Should keep everybody in line.
Should keep everybody in line.
Global currency is very important to create a global transaction.Global currency will helps us to transact money from the any corner of the world.That's why we need a global currency as soon as possible.
the world is divided ideologically and economically invisible? so that the common currency should be at least a common platform, and then it is just like it does not have developed it has all the evolved globalized, or, to some extent, the commonality of laws based on human rights, the lack of slavery under any pretext, the totalitarian is another problem the country elite who are at the helm and these elites simply do not have a place in the developed world, the output of uni pka is one self-isolation or co-operation with a stamish. . but all these countries are very hugely with the economy. . so that this path is far from fruitful. . but this if you look from the side. . at the top it's hard to give up power .. even a nuclear totalitarian reliever basically serves to keep power at any cost, I have a nuclear bomb and if you decide to teach me how to cattle my cattle and how to get rid of it. . except this very large economic differences well financial situation ... suppose the budget of the whole of russia is equal to the budget of ONE AVERAGE STATE. ABOUT TECHNOLOGY AND LEVEL OF SALARY AT ALL. . by joining currencies it will be necessary and will join the borders by the type of the European Union and having a very large difference will not be able to withstand the massive displacement of the cattle.
What do you think?
Not really since we already have exchange rate
Absolutely not! You centralise money, you centralise power, you end up in a totalitarian world. No thank you, not my cup of tea.
You are completely right . If all the countries have a global currency, evil powers can rule the world easily to realize their horrible goals. For that reason, Humanity do not need to have a global currency for sure.
I we have a global currency, many people who earning money speculating on currency rates could start to do something more useful for our planet. 
I think the same, I also saw people saying it would centralized blahblahblah something like a crypto as a currency for the globe would be good IMHO
I we have a global currency, many people who earning money speculating on currency rates could start to do something more useful for our planet.
I think world leaders will not let that happen.
No never! You centralise money, you centralise power, you end up in a totalitarian world! 
Absolutely not! You centralise money, you centralise power, you end up in a totalitarian world. No thank you, not my cup of tea.
You are completely right . If all the countries have a global currency, evil powers can rule the world easily to realize their horrible goals. For that reason, Humanity do not need to have a global currency for sure.
Absolutely not! You centralise money, you centralise power, you end up in a totalitarian world. No thank you, not my cup of tea.
I think we don't need it. Exchanges have worked out for centuries and I really doubt one currency would become accepted worldwide. This would require all governments to agree on something and since many countries have animosities it would never happen. Best case scenario a group of countries that are already working together, like the US or NATO could agree to a common currency. Why would they though? Introducing a new one would weaken the other.
No you dont need a world currency
Certain!
We urgently need it to facilitate transactions worldwide with 1 currency, not using the currency of each country which is quite difficult to convert first
We urgently need it to facilitate transactions worldwide with 1 currency, not using the currency of each country which is quite difficult to convert first
Global Influence of Currencies - Example
The global forex market is by far the largest financial market with daily trading volume of more than $ 5 trillion - far exceeding other markets including stocks, stocks and commodities. However, the huge trading volume, the currency remains the main all the time. However, there are times when currencies move in a dramatic way, at times like that, the echoes of this movement can be truly felt throughout the world. Here are some lists of these events:
Asian Crisis 1997-98 - The Asian crisis started from the Thai baht devaluation in July 1997. The devaluation occurred that the baht was intolerably speculative, forcing the Thai central bank to depend on the US dollar and its currency unstable. This proved a financial collapse that spread to economies such as Indonesia, Malaysia, South Korea and Hong Kong. This led to bankruptcies in these countries and the stock market crashed.
The global forex market is by far the largest financial market with daily trading volume of more than $ 5 trillion - far exceeding other markets including stocks, stocks and commodities. However, the huge trading volume, the currency remains the main all the time. However, there are times when currencies move in a dramatic way, at times like that, the echoes of this movement can be truly felt throughout the world. Here are some lists of these events:
Asian Crisis 1997-98 - The Asian crisis started from the Thai baht devaluation in July 1997. The devaluation occurred that the baht was intolerably speculative, forcing the Thai central bank to depend on the US dollar and its currency unstable. This proved a financial collapse that spread to economies such as Indonesia, Malaysia, South Korea and Hong Kong. This led to bankruptcies in these countries and the stock market crashed.
What do you think?
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