Topic: If the world uses a single currency - page 23. (Read 1836 times)
Its hard to deal with the differences of the value of each countries' economy and money. If we're about to use a single currency, it means that we're going to have the same economic level with each other which is not always true. There will always be a superior country which excels on technology, economy, etc. Also, every country has its own pride, its not that easy to change ones country's currency
I do think that.. single currency could provide stabilizing effect.. there will be no taxes , transactions would have been easier without much effort , things would have been cheaper and more affordable and easily available.
I do think that it would be so much better and we could move towards globalization.
I do think that it would be so much better and we could move towards globalization.
if world use bitcoin as single currency we can see bitcoin to 20 million per bitcoin
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.
It would be good since money can be brought anywhere and doesn't need to be converted but on the other hand I think this doesn't change much of the economy. Look at your neighbors, just imagine their house where the family lives as a country and then try to compare each of them in terms of their income. They are both using same money but this doesn't mean each house or family receives the same income. Therefore economy couldn't be considered stable even with same currency. The resources still matters. Money, materials and human resources. 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.
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.
Maybe it is hard to reach that all countries will have a single currency to use. Some countries does not acknowledged the use of other currency except of their old and usual medium of transaction because this old fiat money for them is a part of their history 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.
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.
It will be much better if the world has only one currency.Payments,and transaction will be easier.And even if you go outside of countries, you never have problems on your payments because youve got the same currency. 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.
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.
if we use a single currency i think all transact has become faster and easy,because we don't need to convert the money that we have to the currency of the country that we are going,all transaction is direct. 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.
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.
That is the big issue in our country but in my opinion if we have one currency in the whole world maybe it is affected a lot of any markets and businesses.but maybe if we have one currency for me it is much better so that we dont need to exchange our money.but we just only a simple people and dont have the position to make a decission for that matter.only our government who can do that.so lets just respect for there decission. 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.
It will never happen, every country has a fix supply like the cryptoworld. Every coin/token represent as the money of the country such as ethereum, ripple and etc. every coin has different value from each other and this is the economy of the country. When the world has the same money, it could be all country combine into one.
It is too impossible because there are no rich or poor when it comes into the same value of money in the world.
It is too impossible because there are no rich or poor when it comes into the same value of money in the world.
If the world using only one currency it will a very big problem. Conflict of economy rate and exchange of product. Yes it is stable in terms of currency in local and international because of one currency. But I don't think other nations will agree with it.
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.
That will solve a lot of issues but practically not possible. Different countries are on different levels.
I don't think it is possible to have a single currency
If the world uses a single currency only then there will be no higher or superior country to others because we will just have a balanced economy and also a unity in currency will bring a lot of positive things like the people will likely to get into other race because they know that there is no like a small boundary by just having the same currency.
I think it has been asked before. But, I still believe that it would be beneficial. If we have a universal language which is English, well, why not have a universal currency, which will be bitcoin. It may not completely stabilize one economy, but atleast, we will no longer suffer from inflation.
This is ok for every everyone but their are people and business will be down/closed like money changer. How ever this is very good idea and makes our all transaction more faster and convenient.
Well its a good idea, imagine you can work in any place you want and travel as much as you want bringing the same currency. But, I think it is not possible since it would be a centralized economy for world and I am sure that there would be chaos in claiming political positions and power. If you are suggesting me bitcoin, well bitcoin is simply digital currency and not back up by any association,company etc. and therefore no political power is given to the owner. It is simply the fact that they can pay services and goods digitally and in convenience.
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.
If the world were to use the single bitcoin it would be great. But there are a lot of difficulties that make it impossible to achieve, and who issues the world's unified bitcoin, which will affect the interests of individual countries. 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.
If world uses a single currency then all of countries have no variation. There will be no extra cost and poor country will stable also there will be not war but it's impossible just Imagination.
I'm considering at least two questions:
1. Which country is the world's unified currency?
2. Countries that have lost the right to print money will have greater probability of bankruptcy.
Because own country reduces seigniorage, also want to pay seigniorage!
Reference Greece, Italy and other eu countries.
1. Which country is the world's unified currency?
2. Countries that have lost the right to print money will have greater probability of bankruptcy.
Because own country reduces seigniorage, also want to pay seigniorage!
Reference Greece, Italy and other eu countries.
I also see the use of a worldwide single currency is not gonna happen, and i also think that would not be benefical.
Despite blockchain could not be controlable todya for one identity, i do not know what is gonna happen in the future, and things can change.
Superior technology, AI, quantic computers, can turn the things as they are actually. One country or one entreprise controlling the coin will not be good. I think is best have several cryptocurrencies.
Despite blockchain could not be controlable todya for one identity, i do not know what is gonna happen in the future, and things can change.
Superior technology, AI, quantic computers, can turn the things as they are actually. One country or one entreprise controlling the coin will not be good. I think is best have several cryptocurrencies.
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