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Topic: One nation one currency... - page 4. (Read 953 times)

member
Activity: 448
Merit: 18
February 07, 2022, 02:57:43 AM
#89
There are many things that will stop  the dream of 'one nation one currency' that OP is talking about, here is my thoughts

1. What about different cultures and tribes? Its certain that they won't get along very well
2. Humans will always fight for power, there will be some who will want to be above others by all means
3. Since Adam and Eve ate the forbidden fruit humans are already cursed, we are full of sins so jealous will erupt, war will take place
4. There will be law isn't it? There will be rulers, kings or government, even North Korea maltreats their own people, you heard me? Their own people.

The truth is humans will always be humans.
hero member
Activity: 1666
Merit: 723
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February 07, 2022, 02:33:17 AM
#88

One Nation one currency This is not possible for another reason.  That is, each country is an independent sovereign in its own position.  And you know, most of the countries have had to gain this freedom through a bloody war. If this concept of "one nation one currency" will be proposed to them no one will accept that. No one wants to give up their freedom to others.
I don't comprehend you, are we not making use of one nation one currency, many countries is making use of different currencies, like African countries has varieties of currencies in their geographical environments,  so what are we arguing for? I thought we are making an emphasise tthat every country will assemble and start making use of one currency, i know it will be impossible because some countries wont indulge in such concept or ideology, and again nation currency is valuable according to their economic generation and that's makes every Nations independent of their revenue, the only currency that is national and worldwide currency today is all the digital currencies.
legendary
Activity: 2884
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February 07, 2022, 01:39:55 AM
#87

My views and opinions are the same. One Nation One Currency! This is possible only in the world of fantasy, Not in the real world.

Because people are just crazy about their own interests, no one cares for the larger population. So, there will be only one nation and everyone in that nation is investing all their money and resources thinking of science and technology development is nothing but a fantasy.

And there are still many underdeveloped countries in the world.  Expenditure is more than income. Why would the developed countries want to be united with them?
You have a nice vision OP about one nation, one currency but its more likely to be impossible than expecting it to turn into reality. This has been introduced already during our ancestors years but still did not make it. So probably, much more today that it won't definitely happen. Individual countries have their own special needs to address so there is a need of economic strategic plans that will fit in each country. And each country may have its own personal interests that other country don't find it interesting either. So there is really conflict by then, that makes it very impossible to agreed on a single currency for all the nation.

One Nation one currency This is not possible for another reason.  That is, each country is an independent sovereign in its own position.  And you know, most of the countries have had to gain this freedom through a bloody war. If this concept of "one nation one currency" will be proposed to them no one will accept that. No one wants to give up their freedom to others.
legendary
Activity: 3080
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February 06, 2022, 03:36:16 PM
#86

There's no way that the entire human population can become one nation.
A nation is being formed for centuries.Every nation has it's own language and culture.
Do you really think that all the nations in the world would just decide to unite into one nation?
The idea of one global currency has been shared multiple times across the human history,but I don't think that most of the countries in the world would agree to abandon their monetary independence and to adopt a currency,over which they have zero control.
Gold and silver were the true global currencies,before the adoption of paper money.The world will never return to using gold and silver coins for every day transactions.
Agreed, even if back in the day each country had their own currency since all of them were based on gold and silver the only thing you needed to do was to know the weight of the coin and the purity of the metal to know what was the exchange rate of each coin, so while not a perfect system gold and silver have been the only true forms of money in which we coudl say there was a global agreement over their usage, however even if we could go back to those days it will be impossible to unite every single person under a single country.

My views and opinions are the same. One Nation One Currency! This is possible only in the world of fantasy, Not in the real world.

Because people are just crazy about their own interests, no one cares for the larger population. So, there will be only one nation and everyone in that nation is investing all their money and resources thinking of science and technology development is nothing but a fantasy.

And there are still many underdeveloped countries in the world.  Expenditure is more than income. Why would the developed countries want to be united with them?
You have a nice vision OP about one nation, one currency but its more likely to be impossible than expecting it to turn into reality. This has been introduced already during our ancestors years but still did not make it. So probably, much more today that it won't definitely happen. Individual countries have their own special needs to address so there is a need of economic strategic plans that will fit in each country. And each country may have its own personal interests that other country don't find it interesting either. So there is really conflict by then, that makes it very impossible to agreed on a single currency for all the nation.
legendary
Activity: 3346
Merit: 1191
February 06, 2022, 03:32:47 PM
#85
We need an ecosystem! We need diversity! One nation, one currency simply can't work! And why would we go that way anyway when we have crypto?! It's an ecosystem we need, all coins and tokens can work together, every little company can have their smart contract... it is diversity much beyond what national (fiat) currencies can offer! Take all of them for example, being developed for centuries, worked on, and yet crypto managed to outshine it in just 10 years, in all fields... of course, technology now allows something like that!
The world should be open and free for all, I don't think there's a way to describe a global situation in a few lines, it's a circus, kindly spoken, but I guess we are far from a free and open world for all the people despite the color of their eyes...and the colors of their flag or religion or I don't know what! Simply there are too many "burning situations" in the world, and there's no way that some of them can be solved in the near future!
legendary
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February 06, 2022, 02:19:31 PM
#84

There's no way that the entire human population can become one nation.
A nation is being formed for centuries.Every nation has it's own language and culture.
Do you really think that all the nations in the world would just decide to unite into one nation?
The idea of one global currency has been shared multiple times across the human history,but I don't think that most of the countries in the world would agree to abandon their monetary independence and to adopt a currency,over which they have zero control.
Gold and silver were the true global currencies,before the adoption of paper money.The world will never return to using gold and silver coins for every day transactions.
Agreed, even if back in the day each country had their own currency since all of them were based on gold and silver the only thing you needed to do was to know the weight of the coin and the purity of the metal to know what was the exchange rate of each coin, so while not a perfect system gold and silver have been the only true forms of money in which we coudl say there was a global agreement over their usage, however even if we could go back to those days it will be impossible to unite every single person under a single country.

My views and opinions are the same. One Nation One Currency! This is possible only in the world of fantasy, Not in the real world.

Because people are just crazy about their own interests, no one cares for the larger population. So, there will be only one nation and everyone in that nation is investing all their money and resources thinking of science and technology development is nothing but a fantasy.

And there are still many underdeveloped countries in the world.  Expenditure is more than income. Why would the developed countries want to be united with them?
sr. member
Activity: 1414
Merit: 326
February 06, 2022, 12:00:17 AM
#83
Every country in the world wants to launch their own currency but no country like Bitcoin will be able to create their own currency. The task is done by converting the currency of one country into the currency of another if other currencies are more established and widely used then perhaps this currency will become quite stable. This is the reason why most developing countries rely so heavily on the currencies of the first world powers the us dollar bitcoin is so popular because it is not stable.
full member
Activity: 728
Merit: 117
February 05, 2022, 10:57:29 PM
#82
-snip- what will be the scenario of the current world if there is only one nation and one currency -snip-
I can't say it is impossible, but it is unlikely to happen for me. Since each country has its own goal and characteristics, even they have a different perception about the future, there is no way to unite all the countries. So, it is only a dream to expect having '1 nation and 1 currency'. Talking about the advantage, I'm even afraid that idea to harm all people in the world. I imagine if we have 1 nation (country), how if the king/president is corrupt? I suspect all human life will be threatened, without any other major institution to help. In conclusion, having varied countries aims to maintain stability/balance in the world.

#One source that tells us the advantage-disadvantage of having 1 country/1 nation: https://insh.world/science/what-if-the-world-was-a-single-country/
legendary
Activity: 2716
Merit: 1383
February 05, 2022, 06:04:40 PM
#81
From the beginning of humans, we have created boundaries between ourselves by lots of conflict over the century. Our greediness and eagerness for more power make us intelligent animals. Humans are capable of their own destruction. But what if those never happen? what will be the scenario of the current world if there is only one nation and one currency and humans invest their full strength for human resource development and the development of science and technology? What do you think is that even possible in the future and what will be the benefits and inconvenience of it?

There's no way that the entire human population can become one nation.
A nation is being formed for centuries.Every nation has it's own language and culture.
Do you really think that all the nations in the world would just decide to unite into one nation?
The idea of one global currency has been shared multiple times across the human history,but I don't think that most of the countries in the world would agree to abandon their monetary independence and to adopt a currency,over which they have zero control.
Gold and silver were the true global currencies,before the adoption of paper money.The world will never return to using gold and silver coins for every day transactions.
Agreed, even if back in the day each country had their own currency since all of them were based on gold and silver the only thing you needed to do was to know the weight of the coin and the purity of the metal to know what was the exchange rate of each coin, so while not a perfect system gold and silver have been the only true forms of money in which we could say there was a global agreement over their usage, however even if we could go back to those days it will be impossible to unite every single person under a single country.
hero member
Activity: 1260
Merit: 510
February 05, 2022, 11:57:42 AM
#80
has become the nature of 1 country 1 currency, from the time of our ancestors, maybe you hope that bitcoin also becomes your country's currency? difficult to answer if the problem of your desire,
I can't understand if 1 country has 2 or more currencies, it is possible that 1 country has several parts if each part has its own currency then each part will definitely claim that its currency is the national currency of its country (complicated to think about if it's too deep )
legendary
Activity: 2520
Merit: 1218
February 03, 2022, 05:35:20 AM
#79
If two neighbors are arguing and fighting for a parking place, or can agree about the height of the fence between two houses, the how is will be possible to make "one nation and one currency" ? There will be always who disagrees or have different point of view. Everyone will try to get maximum benefits only for himself, that is why it is impossible to get single or average one for everyone.

P.S. Actually there is a way to create one and only nation or currency - kill everyone except one girl and one boy, destroy everything. Let them repopulate the earth and build everything back. But this plan might fail if these two would be lazy or stupid.
full member
Activity: 1092
Merit: 112
February 03, 2022, 02:36:09 AM
#78
What i mean is we can't be one world one currency without conflict.
There will be somebody who want to fight for it.
There will be more conflicts because our difference.
Who won and who lose becase in the end it should be the one who will win above everything else.
Even bitcoin will be the one, it will require altcoins for bitcoin to exist.
Maybe we will see bitcoin is adopted in all countries but as an alternative, so there will be no one currency but bitcoin existence supports the fiat and gives people more options to pay. It is not easy to adopt bitcoin in all countries without any conflicts happening to that countries as they have their own government and have their own reason why they still use their fiat. Bitcoin is not about forcing all countries to adopt but bitcoin gives the opportunity all of them and if they do not want to use bitcoin, then we can let them like that.
It's good to see some countries allow bitcoin as a payment option and moreover some recognize Bitcoin as an official national currency. We love to see that.
But most countries see bitcoin as an asset not money, This means they will ask for taxes just like your home and your car.
Bitcoin is also about freedom, so we don't have to react if some countries ban bitcoin unless it's in our personal interest.

~snipe~
There is no way there would be a world of nations without boundaries. Of course, its sure to remain in your imaginations as its never going to have some realistic form to it. Nations of the world are even sick of themselves and always after what they could gain. Having variant resources for which they claim ownership and exchange as they please.
Imagine you having a land and then, some one comes to explore the resources there in. That's what the world with nations not having boundaries would seem like and in turn, conflicts/wars. Its never going to be possible!
Hahaha that was @OP's idea to discuss this. I know it's unrealistic
legendary
Activity: 1554
Merit: 1139
February 02, 2022, 01:22:05 PM
#77
~snipe~
There is no way there would be a world of nations without boundaries. Of course, its sure to remain in your imaginations as its never going to have some realistic form to it. Nations of the world are even sick of themselves and always after what they could gain. Having variant resources for which they claim ownership and exchange as they please.
Imagine you having a land and then, some one comes to explore the resources there in. That's what the world with nations not having boundaries would seem like and in turn, conflicts/wars. Its never going to be possible!
member
Activity: 70
Merit: 12
February 02, 2022, 10:05:36 AM
#76
Well in a world where there is still so much racism, humans will remain divided no matter what, if racism become irrelevant in future humans will give some other way to discriminate each other. And such species agree to one currency well it is positive thinking but not gonna agree. I mean even so called European union is failing slowly, uk is out other will follow. So yeah good thinking but not gonna happen I mean people will start punching each other if given chance even here over your question.
full member
Activity: 1414
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February 02, 2022, 09:48:03 AM
#75
It will be difficult for the world to have one currency because many countries are used to their fiat currency and they seem their currency as the best currency in the world. Even cryptocurrency that Satoshi created to unit the world,  many countries don't accept it in their country and those that accepted it before are now banning it because many citizens who understood decentralized currency no longer show interest on their currency.
I don't think it will happen to the world, to start using one currency all over the world because no country will allow other to control their currency . There will be always Miss understanding in the pumping and dumping between two countries who don't have good ideas on cryptocurrency.
full member
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February 02, 2022, 09:34:18 AM
#74
From the beginning of humans, we have created boundaries between ourselves by lots of conflict over the century. Our greediness and eagerness for more power make us intelligent animals. Humans are capable of their own destruction. But what if those never happen? what will be the scenario of the current world if there is only one nation and one currency and humans invest their full strength for human resource development and the development of science and technology? What do you think is that even possible in the future and what will be the benefits and inconvenience of it?
under the command of one leader and under one currency it sounds good but to be able to make it happen takes a lot of work.  The world has so many different mindsets, traits, education, climates and experiences, so it's hard to put them together.  other than that the cost of needs in each country is different (we will not be able to equate the cost of living in las vegas with zimbabwe) so i think "one nation and one currency" is not so good.
hero member
Activity: 3192
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February 02, 2022, 02:16:58 AM
#73
From the beginning of humans, we have created boundaries between ourselves by lots of conflict over the century. Our greediness and eagerness for more power make us intelligent animals. Humans are capable of their own destruction. But what if those never happen? what will be the scenario of the current world if there is only one nation and one currency and humans invest their full strength for human resource development and the development of science and technology? What do you think is that even possible in the future and what will be the benefits and inconvenience of it?

There's no way that the entire human population can become one nation.
A nation is being formed for centuries.Every nation has it's own language and culture.
Do you really think that all the nations in the world would just decide to unite into one nation?
The idea of one global currency has been shared multiple times across the human history,but I don't think that most of the countries in the world would agree to abandon their monetary independence and to adopt a currency,over which they have zero control.
Gold and silver were the true global currencies,before the adoption of paper money.The world will never return to using gold and silver coins for every day transactions.
hero member
Activity: 2856
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February 02, 2022, 01:33:56 AM
#72
From the beginning of humans, we have created boundaries between ourselves by lots of conflict over the century. Our greediness and eagerness for more power make us intelligent animals. Humans are capable of their own destruction. But what if those never happen? what will be the scenario of the current world if there is only one nation and one currency and humans invest their full strength for human resource development and the development of science and technology? What do you think is that even possible in the future and what will be the benefits and inconvenience of it?

This is definitely will not happen. Given the fact that there are countries who are underdeveloped, developing, and developed countries, the variance among their respective treasuries and value of currency would be against the these poor countries. The rich will only become richer, and the poor will become poorer as they will be deeply prejudiced with this kind of setup.

Though having one universal currency may sound a good idea that could potentially solve issues with regards to transaction, I honestly believe that it would bring more harm than good.
This idea of one nation, one currency is not something new. It has been tackled ever since, but it didn't worked out. Although it has its own advantage like having a free trade since there will be no additional charges that will be added, but knowing each country has different economic conditions, then its hard to adopt a single currency that will be most benefited by all.

Are we talking about one currecnty for one nation or one currecny for all the nations. In the later one, one currecny for all the nation, i can only think of bitcoin to be used as a global currecny. But it is hard to make a concenses among al the countires to align them to use a single currecny.
If we say that every nation should have its own currecny, then i don't think people will be willing to invest in these digital coins where the government would have complete control over its distribution and supply.
hero member
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February 02, 2022, 12:42:10 AM
#71
The conversation goes further by talking about another species? do you mean the alien who will unite all? one world one currency? The world will still be in a different financial system but Bitcoin can be an alternative for everyone to use without being discredited with other currencies. What is certain is that the hope is that Bitcoin can enter all countries' financial systems without any more conflicts that we often encounter by institutions that do not like decentralization.
What i mean is we can't be one world one currency without conflict.
There will be somebody who want to fight for it.
There will be more conflicts because our difference.
Who won and who lose becase in the end it should be the one who will win above everything else.
Even bitcoin will be the one, it will require altcoins for bitcoin to exist.
Maybe we will see bitcoin is adopted in all countries but as an alternative, so there will be no one currency but bitcoin existence supports the fiat and gives people more options to pay. It is not easy to adopt bitcoin in all countries without any conflicts happening to that countries as they have their own government and have their own reason why they still use their fiat. Bitcoin is not about forcing all countries to adopt but bitcoin gives the opportunity all of them and if they do not want to use bitcoin, then we can let them like that.
legendary
Activity: 1064
Merit: 1101
February 01, 2022, 10:41:44 PM
#70
Humans are naturally selfish and greedy. The rich wants to get richer regardless of the consequences on others. The source of wealth of rich nations mainly comes from the exploitation of poor nations. There will never be a time when nations will open its borders for free flow of goods and services. There would always be trade barriers to undermine other countries efforts to get rich.

Developed nations sabotage the efforts of developing ones so that they can sell their goods to them. How would China not sabotage the efforts of African Nations to achieve constant power supply when China's biggest generator market is Africa?

The UK refused to us the Euro and recently left the EU,  European nations are secretly nursing the same ambitions. How would there be ever a one currency when one of the greatest economic tools of exploitation is currency?
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