Topic: If the world uses a single currency - page 21. (Read 1836 times)
If the world uses single currency maybe foreign exchange will not exist but in cryptocurrency exchange still exist. I don't know if one nation will affect of their economy if we all are now using single currency, maybe some of the countries will down their economy I guess.
I think a single currency like bitcoin not controlled by anyone will be ideal,but using a single flat currency the way we know flt currencies will just make all smaller countries subservient to the big economies of the world.
but what about volatility of it? i mean during 3 months we saw bitcoin at a price of 20k dollars, and then it went down to 5. what would happen to the world if we had bitcoins as a single currency.
I think a single currency like bitcoin not controlled by anyone will be ideal,but using a single flat currency the way we know flt currencies will just make all smaller countries subservient to the big economies of the world.
Bitcoin is an electronic currency which can be operated world wide with out any third party interference. The invention of bitcoin..is
an out standing one in this century by satoshi Nakamoto. Very shortly it will become a global currency which can be operated world wide.because no government can control it.
an out standing one in this century by satoshi Nakamoto. Very shortly it will become a global currency which can be operated world wide.because no government can control it.
The possibility of the whole world using a single currency is very thin. If the world will ever use a single currency it will not be a fiat currency, it will be a cryptocurrency.
I do not think that it will to make worldwide economics more stable. This is my opinion, if there will be one currency it will destruct economic of strong countries or will make weak countries more dependent to the strong ones.
If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
I can't imagine really , it is impossible to happen for the whole world to use one currency. I don't think it will make the economy more stable. It's like you need to gather all nations into one by using 1 currency in which very unlikely to happen. One more thing is that it is very difficult to manage or control because there is one currency but the different nations have different law when it comes to that. Impossible really.
If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
I do not think that it is possible, because some developed countries will not have eager to have same currencies with the others, it will cause decreasing of their economics. So it is not so easy.
I think that it will be difficult to manage, and it is almost impossible in the modern world. There is not political will to enable all countries to develop in the same way.
Yes the world economy will have some stability and balance, exchanges will be eliminated and it will be easier to make payments for goods and services. however that requires communism policies yet the world we live in is mostly capitalistic. The super powers want to have a huge chunk of control over economies, so it may not be easy, maybe just another reason why they fight BTC
If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
no, proof of this is the European union when they all switched to the Euro. how many of those countries are in default? they leave Germany to carry all the weight. This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
Thats a fine idea. If the world had single currency then the value of currencies will not be different and there would have been a decrease in poverty
If the world uses a single currency it is not possible because all have currency, and economic development in my opinion is not specified by the type of currency but is determined by the competitiveness of production in various fields so that the impact on the economic development of a country.
Looks like something that would do more harm than good. The good thing about multiple currency is independent regulations. Regulation is not a one size fits all kind of thing. It works for the EU because they're relatively similar with similar needs. They're neighbors. Additionally, the governing body of this centralized banking institution is obviously going to be more biased to rich countries with more influence. Potentially, third world countries will be neglected.
If the whole world use one currency it will be good but some countries will not accept because it will prevent them from their evil corruptions and money laundry,although with the same currency their will still be different value in the currency same as bitcoin have different value in different countries.
I guess this should be maybe not so great idea
I don't see that it will became stable but it will improve the economic status on every country. They won't need to get stuck importing expensive goods because that single currency will open the opportunity to choose cheaper ones.
If the world uses one world currency that would be without doubt Bitcoins as it is the first crypto currency and the top most crypto currency in the crypto kingdom, one world currency will help people to travel all over the world with bitcoins without having to worry about changing currencies and there will be no need to carry huge amount of money on hand for travelling expenses, in such a situation mostly all the vendors and merchants will be accepting crypto currrencies world wide.
I do not think this will happen because every country has its own policy. The eye was made to control the people. If the currency is not theirs, the people will live by themselves. Even dollars are also used in some countries or maybe bitcoin could be the world's currency. It all depends on the development of human life as what they want to create in this world. 
That was the whole idea for bitcoin to begin with, however nowadays its much to expensive to transact with, especially in third world countries and other impoverished nations. 
This may be what some people want, there are secret groups that make bitcoin as a weapon to master the world economy. It sounds crazy but I read history. In the end all subject and economy are controlled by one country with Bitcoin currency. 
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