If the world uses a single currency - page 9.

layoutph

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If the world uses a single currency then this is the end of Forex and trading cryptos. We must unite not to have a centralization like th is. Even God will surely hate this, he actually change the language of Tower of Babel people to stop their unity.

Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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.

nightfury

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I can't imagine having only single currency because fiat for instance, have different value. As for cryptocurrency like bitcoin, i can't imagine it too being the only currency to be used because bitcoin has still a snag that really needs to be fixed before it can perfectly fit as currency for the people.

South Park

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I am terrible at Fantasy Football!!!

Quote from: hgkcoin on February 04, 2018, 03:32:51 AM

If the same currency, then the game will certainly be beneficial. Reduce a lot of unnecessary costs, will be a lot more money to invest in other projects.

Having several currencies do not really means having high costs, it is just more uncomfortable to have to use so many different currencies all over the world, but the advantages of having several currencies are great, a country without its own currency will be unable to print its own currency and all its debt will be in the currency of another nation if the country were to get in a huge debt it will be unable to escape its compromises through inflation since their debt will be in the currency of another country.

concept2

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It is impossible because the government of each country always wants to have their own currency. And by having their own currency, they will somehow have the power in their hand. Just look at the USA, many countries depend their life on it.

Tumanggor

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I think the currency in each country is a measure and as a form of state power against other countries,

I really agree if only the world's currency only one, the price of goods in each country will be different also because the cost of delivery,

but at least its there is no difference in every country and every country will have the same power and economy...

shield132

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Quote from: lelangsabun on March 28, 2018, 01:44:02 AM

that is really good one
hoping the world just using a single currency it very good for the economic and there is no diversity in each other nation
and that just a happy dream for every human living

At first I suggest you to fix your English.
It will be good for poor countries but overally - bad. Let me explain: yeah, we all dream "at least claim we dream" beautiful world with full of kind people. That's not a deal. One currency would make life easier for poor and importer countries which can't produce their own products and for example USD rise can affect their economics a lot in a bad way.
But now think deeper - no rival = no ambition = no development. Why will I work for others? Poor countries automatically help economically developed countries. For example companies produce their products in china because workers are very cheap here so company owners can offer reasonable price and get high profit. It's like symbiot, really. Poor countries can't create anything important so they need strong countries and oppositely.
Only one currency would ruin everything.

Lehbane

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One country will choose a altcoin to use rather than Bitcoin alone, as for example is China they will support NEO for the vountry's transaction and America (example only) they will support Ripple something like this might happen but bitcoin connect them all, what am trying to say is There will be no global single currency, but the acknowledge crypto existence that's the good point of it.

Qastessa

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Quote from: lelangsabun on March 28, 2018, 01:44:02 AM

that is really good one
hoping the world just using a single currency it very good for the economic and there is no diversity in each other nation
and that just a happy dream for every human living

It is not possible. There is always a competition among countries and all the governments of the world will never agree upon having just one currency. A currency also represents its country and economic power. In one way, it is also good as this develops a competition among nations and they strive more resulting in a better society. Bitcoin can be used by any person regardless of gender, citizenship, race or age. This is the beauty of this coin. The world has one common coin and more coins too.

Sled

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Quote from: Budugbass on March 28, 2018, 03:56:01 AM

Quote from: sgenuine on March 28, 2018, 03:37:59 AM

Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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, using one currency around the world will not change the economy. In rich countries people will live well, but in poor people it's bad. The economy depends on the actions of the government.

Anyway I'm sure it will not happen, of course each government will think twice if it will be approved. They are of course more thoughtful in their entirety for the country and its citizens to suit their economic development in their respective countries. It seems to be a more negative side if happen or it doesn't would lead to things that can advance the country itself.

Yup they will study it for the mean time and they will not rush things because being rush will not bring any good things in life so it needs a lot of time to study and to find out if it is for a good thing in long term basis or not. If the world uses single currency then it will be a good thing for me because it only means unity.

Snappycoco

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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, it will be unstable. All country have their own currency because of its economic status. Once your country have a low economic status, the price for your currency will get low as well.

Budugbass

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Quote from: sgenuine on March 28, 2018, 03:37:59 AM

Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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, using one currency around the world will not change the economy. In rich countries people will live well, but in poor people it's bad. The economy depends on the actions of the government.

Anyway I'm sure it will not happen, of course each government will think twice if it will be approved. They are of course more thoughtful in their entirety for the country and its citizens to suit their economic development in their respective countries. It seems to be a more negative side if happen or it doesn't would lead to things that can advance the country itself.

sgenuine

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Activity: 854

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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, using one currency around the world will not change the economy. In rich countries people will live well, but in poor people it's bad. The economy depends on the actions of the government.

lelangsabun

newbie

Activity: 140

Merit: 0

that is really good one
hoping the world just using a single currency it very good for the economic and there is no diversity in each other nation
and that just a happy dream for every human living

tumokatok

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Merit: 10

Quote from: bitgolden on March 19, 2018, 03:01:14 AM

Quote from: semutracing on March 17, 2018, 03:13:05 AM

Quote from: moneyangel on February 27, 2018, 09:46:27 AM

Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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 far to be happen. Every countries has their own unique economic growth which is not applicable to others. If you will put a single currency of all country then where you want to be the basis...It's difficult because it will create chaos to the people.

It could be possible to have a single currency for international trade. If that happens maybe the economy can be stable if the whole world uses a single currency. But which currency will be used will always be the mutual competition from several countries to propose its currency into a single currency

This is no doubt really a good thing if it happens but the point is it is more than impossible sort of thing because not all the governments will agree to this as everyone will want to have his currency as that single currency which is to be used. If it somehow happens, then it will surely help all of us in eliminating the need of having multiple coins at time of travelling.

It will still be impossible now because the single currency will be very difficult for other countries to implicate. It may also have a negative effect on society. If the world will use a single currency, I think the market transactions will be easier. This will help international trade better as before.

OrangeII

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Quote from: Barbarian on March 27, 2018, 02:51:28 PM

Quote from: ?? on ??

No, the economy will not become more stable.

A single currency causes a country to lose its independence in exchange rate and monetary policy, leading to the flow of elements to developed regions.

Neither the free flow nor the unified central finance is currently lacking among the countries of the world and cannot be owned. So if there is a genuine currency at present, the economy will undoubtedly become more unstable.

This is correct if there was a single currency then countries around the world will be unable to adjust their monetary policy eventually this will hurt them and like always the richest country will be the ones that benefit the most out of it similar to what we are seeing with the European union.

you are right. applying such a system would only benefit some people, and much to the detriment of others. I think the current system is very good, and I think there will be very many parties who disagree with the 1 currency system for the whole world.

Thamon

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There are many pros and cons against the theory of a single one world currency. Many individuals think it is a very good idea while some feel that a single currency will disadvantage many. In fact, the more you delve on this idea the more confused you tend to become. The following are some the pros and cons of a single world currency

Barbarian

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Activity: 728

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Quote from: ?? on ??

No, the economy will not become more stable.

A single currency causes a country to lose its independence in exchange rate and monetary policy, leading to the flow of elements to developed regions.

Neither the free flow nor the unified central finance is currently lacking among the countries of the world and cannot be owned. So if there is a genuine currency at present, the economy will undoubtedly become more unstable.

This is correct if there was a single currency then countries around the world will be unable to adjust their monetary policy eventually this will hurt them and like always the richest country will be the ones that benefit the most out of it similar to what we are seeing with the European union.

logicgate

sr. member

Activity: 994

Merit: 252

Quote from: ?? on ??

No, the economy will not become more stable.

A single currency causes a country to lose its independence in exchange rate and monetary policy, leading to the flow of elements to developed regions.

Neither the free flow nor the unified central finance is currently lacking among the countries of the world and cannot be owned. So if there is a genuine currency at present, the economy will undoubtedly become more unstable.

What I believe is that every country should use their currencies the way they are using them now but there should be one common currency and that should be digital one. There is no other currency that is virtual in nature and capable of doing this job at best other than bitcoin. Since bitcoin is already being used for world over transactions and deals, so there should be no problem in using it as a common currency.

chel0

newbie

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It think it will not happen. But if it occurs, it's a very good thing since there's no need for us to work abroad to earn enough money to support our families. Because of a standard or single currency, the value is one and the same with other countries.

Just John

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If the world uses a single currency then things will be so much easier. People can carry out transactions in better and faster times with lower fees and not need to start worrying about exchange rates because the value of bitcoin remains the same all over the world. It would help foreign exchange immensely.

Topic: If the world uses a single currency - page 9. (Read 1832 times)