One World One Currency. | Bitcointalksearch.org

Synchronice

hero member

Activity: 882

Merit: 792

Watch Bitcoin Documentary - https://t.ly/v0Nim

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

I believe if every country in the world use one currency it will really help the world at large and every nation will benefit from it, there are some benefits or reasons why the world should have a single currency which are.

A. When the world have a single currency it will remove or eliminate exchange rate fluctuations there by making international trade and investment more productive and competent and how can this be achieved it will simply remove the risk and Instabilities connected with fluctuating exchange rates.

B. When the world have a single currency it will reduce the cost in making transactions because there will be no more conversion of currency to another currency and this will really benefit business men and women and also travelers, some time when you travel to another country you fine out that the money with you that you think is big is actually small when converted to that county's currency you travelled to, having one currency will make for easy money transaction between two people in different nations.

C. Having a single currency will also help in enhancing price transparency it will be difficult for a business man to import goods into a country and increase the price x 10 of what he bought it, having a single currency will help to reduce price of some specific items globally.

D. Having a single currency will help to unit the world more and every nation will be his brothers keeper and it there will be a global monetary policy this will help prevent corrupt politicians from stealing.

It doesn't need much discussion to understand that one global currency would be the ideal case for the world and we would save lots of percentage on conversation fees but it's impossible because first of all, there are many nations. Think about nation as a family. Every family fights for their own family, to improve the quality of life for their own family.

Even during Anarchy, humans form groups and in the end, the most powerful group rules the country. Humans are also nationalist and racists by nature. It's impossible for the world to have one currency and live in harmony because in the end, the world is too big for us and we are too small for the world to live under one governance, there are seven continents after all.

In order to globalize the world, we have to mix well with each other and kill the racism and nationalism. Is it possible long-term? Definitely but I believe that it will take centuries and there will be blood.

Fortify

legendary

Activity: 2688

Merit: 1192

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

I believe if every country in the world use one currency it will really help the world at large and every nation will benefit from it, there are some benefits or reasons why the world should have a single currency which are.

A. When the world have a single currency it will remove or eliminate exchange rate fluctuations there by making international trade and investment more productive and competent and how can this be achieved it will simply remove the risk and Instabilities connected with fluctuating exchange rates.

B. When the world have a single currency it will reduce the cost in making transactions because there will be no more conversion of currency to another currency and this will really benefit business men and women and also travelers, some time when you travel to another country you fine out that the money with you that you think is big is actually small when converted to that county's currency you travelled to, having one currency will make for easy money transaction between two people in different nations.

C. Having a single currency will also help in enhancing price transparency it will be difficult for a business man to import goods into a country and increase the price x 10 of what he bought it, having a single currency will help to reduce price of some specific items globally.

D. Having a single currency will help to unit the world more and every nation will be his brothers keeper and it there will be a global monetary policy this will help prevent corrupt politicians from stealing.

While it would enable trade to flow much more smoothly, ultimately there are too many existing power bases around the world with conflicting interests and it is unlikely to ever work in practice. There's also the problem of productivity and how much it differs between countries, which feeds into the value of respective currencies. Just look at how the Euro has struggled with lower performing countries (like Greece) being counterweighted by higher performing countries like Germany, that almost caused the currency to collapse a few years ago. There is enough of an industry and ecosystem now that it's super simple to convert currencies with very little friction or even fees in that process, it seems like a problem that doesn't need to be solved.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: bots1 on January 02, 2025, 07:35:50 AM

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

I believe if every country in the world use one currency it will really help the world at large and every nation will benefit from it, there are some benefits or reasons why the world should have a single currency which are.

A. When the world have a single currency it will remove or eliminate exchange rate fluctuations there by making international trade and investment more productive and competent and how can this be achieved it will simply remove the risk and Instabilities connected with fluctuating exchange rates.

B. When the world have a single currency it will reduce the cost in making transactions because there will be no more conversion of currency to another currency and this will really benefit business men and women and also travelers, some time when you travel to another country you fine out that the money with you that you think is big is actually small when converted to that county's currency you travelled to, having one currency will make for easy money transaction between two people in different nations.

C. Having a single currency will also help in enhancing price transparency it will be difficult for a business man to import goods into a country and increase the price x 10 of what he bought it, having a single currency will help to reduce price of some specific items globally.

D. Having a single currency will help to unit the world more and every nation will be his brothers keeper and it there will be a global monetary policy this will help prevent corrupt politicians from stealing.

In terms of the idea you put forward, it is indeed very ideal. but it seems that it will not happen because every country definitely wants to be an influence on other countries and does not want to be dependent on one currency. Moreover, with the capitalist system in the current era, they will compete to create their own stronger currency. as is the case with BRICS where the countries that are members of BRICS want to create their own currency to avoid dependence on the US Dollar.

It's already happened.

You have dollar as world wide currency, gold as world wide commodity, and bitcoin as world wide crypto currency.

Talking about BRICS, in fact, all of BRICS countries are still transacting with dollar too. Cheesy

I remind you, even BRICS members are so reluctant in approving Rusia's BRICS pay proposal. There still only a world wide currency, that's USD. Cheesy

dezoel

legendary

Activity: 2044

Merit: 1075

Leading Crypto Sports Betting & Casino Platform

I would guess that bitcoin isn't the one, dollar is already being used like that almost everywhere around the world, only a few places do not take it on retail amount, but even in the "enemies" of USA, like Russia and China, people do business with it, so it is not really a big deal and we should be aware of that.

I think that's the most important part and if we truly see how this works then we could end up with a much better approach. USD being the global one, so much so that we calculate the price of bitcoin based on how much dollar it is, you do not see "oh bitcoin passed XX yuan price" or anything, you see it in dollars, and as long as you have that, you are going to end up with dollar being the most famous one currency.

Japinat

hero member

Activity: 3052

Merit: 685

This concept is actually good. But let's not make the impossible turn possible. There's no chance having a single currency all over the world, simply because it would put all those monetary regulations from different countries at pause. It would only complicate the people from different nationality to shift into using a single currency. This will only be good if this was proposed at the very beginning, but won't never work at the moment simply because, each currency also stands for the individual history of each country.

Wakate

hero member

Activity: 1218

Merit: 543

fillippone - Winner contest Pizza 2022

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

I believe if every country in the world use one currency it will really help the world at large and every nation will benefit from it, there are some benefits or reasons why the world should have a single currency which are.

A. When the world have a single currency it will remove or eliminate exchange rate fluctuations there by making international trade and investment more productive and competent and how can this be achieved it will simply remove the risk and Instabilities connected with fluctuating exchange rates.

B. When the world have a single currency it will reduce the cost in making transactions because there will be no more conversion of currency to another currency and this will really benefit business men and women and also travelers, some time when you travel to another country you fine out that the money with you that you think is big is actually small when converted to that county's currency you travelled to, having one currency will make for easy money transaction between two people in different nations.

C. Having a single currency will also help in enhancing price transparency it will be difficult for a business man to import goods into a country and increase the price x 10 of what he bought it, having a single currency will help to reduce price of some specific items globally.

D. Having a single currency will help to unit the world more and every nation will be his brothers keeper and it there will be a global monetary policy this will help prevent corrupt politicians from stealing.

I don't really know why you are pushing for the use of one currency but this is not what we need now. Having one currency would not solve the problem of inflation or the hunger that is facing most families. There is no need for that shit right away. Once the world agrees to use one currency, then you need to understand that we are reached the end of the world and soon diverse things will be happening which means one government will rule over the world. You can take a little research to understand this so that you don't just think having one currency is going to be helpful the entire world and stop most of the mysteries we are seeing these days. Maybe more ironic things will starts happening along the line.

Webetcoins

hero member

Activity: 2100

Merit: 546

Leading Crypto Sports Betting & Casino Platform

Quote from: WillyAp on January 02, 2025, 08:27:54 AM

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

I believe if every country in the world use one currency it will really help the world at large and every nation will benefit from it, there are some benefits or reasons why the world should have a single currency which are.

Nothing but a severe control avoids corruption, look at China.
We already have a single currency accepted worldwide. Just its not the one pleasing everyone.
Yes the US $ is the currency accepted in many establishments worldwide, even in Mongolia. Just to name a country.

I think yeah. There must be one that is in charge but all must vote if which is the trusted and good at it. And then if they can't do their job well anymore, they might still get replaced by the other. If the idea avoids corruption then that was great, as we know that corruption has nothing good to contribute in our economy.

I am not sure that if what is the problem with China but I can only see a well-disciplined place on them. That is only a glimpse of what we can have if we do such an idea. USD is one of those popular currency. It is the same as the US English language but there are still other currency that exist out there. So it is not valid to what the OP really wants.

viljy

hero member

Activity: 1736

Merit: 857

Questionable reasoning. Currency, in a broader sense, Capital, is just a consequence of having power. Strength gives Power. So no unification of the world is possible on the basis of economic incentives alone. Only a powerful Government can unite the world. As long as there are different centers of power in the world, there will be no unification. Another question is, is this unification of the world really necessary? The world is too diverse, and diversity has its advantages, including economic ones.

Well, the de facto single currency is the dollar. Although it is known from history that the life of the global currency is approximately 100 years. The dollar is already approaching this line.

ancafe

hero member

Activity: 1820

Merit: 747

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

C. Having a single currency will also help in enhancing price transparency it will be difficult for a business man to import goods into a country and increase the price x 10 of what he bought it, having a single currency will help to reduce price of some specific items globally.

Although it is a much more effective way, in reality it will be difficult to realize and it is impossible for any country to be willing to accept a single currency in increasing price transparency. The goals of a country must be different and every country must want a big influence in determining the world economy and of course it will make them look for ways to dominate as one of the strong countries with other countries.

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

D. Having a single currency will help to unit the world more and every nation will be his brothers keeper and it there will be a global monetary policy this will help prevent corrupt politicians from stealing.

This is relatively ambiguous because the goals of a country are not what we are talking about and this concept is impossible to implement because I am sure the US and several other big countries will never want to. To maintain a country requires strength and it does not only play the economic sector which must be run together and corruptors have nothing to do with this pattern because this is done based on their own interests or their groups.

Oluwa-btc

hero member

Activity: 980

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

I believe if every country in the world use one currency it will really help the world at large and every nation will benefit from it, there are some benefits or reasons why the world should have a single currency which are.

Mmm I like this but do you know different countries, one world, different people and belief and I have seen how beneficial it'll be to the world at large but I think having one currency to rule over a large mass of people in the world would really be a problem, now let's dive into the country, looking at how each country's are fighting over their independence whereas they ain't up to the task, do do you think such countries would agree to this policy of using a currency for All..?

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: WillyAp on January 02, 2025, 08:27:54 AM

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

I believe if every country in the world use one currency it will really help the world at large and every nation will benefit from it, there are some benefits or reasons why the world should have a single currency which are.

Nothing but a severe control avoids corruption, look at China.
We already have a single currency accepted worldwide. Just its not the one pleasing everyone.
Yes the US $ is the currency accepted in many establishments worldwide, even in Mongolia. Just to name a country.

Being "accepted" is different from being "used". Tugrik (Mongolian currency) is also "accepted" in the USA as a foreign legit fiat with a known exchange rate that can be swapped for the local currency (same as dollar is in Mongolia) but that doesn't mean Americans are "using" Tugrik as their medium of exchange just like Mongolians aren't using dollar for their medium of exchange.

OP is suggesting the world uses a single currency! Meaning if you were a Mongolian going to the grocery store you pay with the Dollar for instance not with Tugrik.
But that will never work as I said it is centralizing things and you will be at the mercy of the regime that prints that money. For example in that hypothetical scenario, each time US regime prints dollar you will have to pay more for groceries using the dollar because you will be importing US inflation without being the one printing the dollar!

Franctoshi

hero member

Activity: 1022

Merit: 600

Note by the instruction of one world currency there is also gonna introduce of one world Government and one world religion for this to work, and it means that you are looking for one world peace which is never gonna be, variety is the spice of life, and we live in a world of divers cultures and languages and once you try to subject the world to one thing, it means you are looking for more problems that you may not be able to control because of the divers culture.

Therefore, personally, I don't buy this idea of we having one global currency, because if that should take place it's going to collapse a lot of business and banks will no longer be in place as there will be no buying and selling of one currency to another, I also think that there will be more chaos in the world than what we currently experience. Because of the tousle for power, who and which country will rule the world.

Zoomic

sr. member

Activity: 630

Merit: 277

With the way some currencies have been so devalued, a universal currency to be used by everyone in the world will really be a relief for some countries facing severe currency devaluation. But I don't see anything like this happening anytime soon. To some extent, the strenth some of these countries have over other countries is their currency, some power countries won't trade this for anything. The west African countries have tried sometime ago to adopt a single currency to be used by the west African countries, but I don't know how everything ended, I believe everything about that idea failed. This idea will favour weak countries greatly, but it will never happen.

Zlantann

legendary

Activity: 1064

Merit: 1101

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

I believe if every country in the world use one currency it will really help the world at large and every nation will benefit from it, there are some benefits or reasons why the world should have a single currency which are.

The only way a single currency would work is when the world have a single government. The current situation of the world doesn't support such move since we have different countries ruled by governments. Which county's central bank will issue and control the currency? Will China and Russia accept the US dollar as the single currency? It's not just possible for now.

Quote

C. Having a single currency will also help in enhancing price transparency it will be difficult for a business man to import goods into a country and increase the price x 10 of what he bought it, having a single currency will help to reduce price of some specific items globally.

It is inflation that affects the prices of goods and not the currency. If a country fails to control the economic problems that leads to inflation, citizens will still pay high prices for goods even if a single currency is in use.

Quote

D. Having a single currency will help to unit the world more and every nation will be his brothers keeper and it there will be a global monetary policy this will help prevent corrupt politicians from stealing.

The global economic and political space is governed by the principle of survival of the fittest. Brother's keeper don't exist in the struggle for power. Strong nations become stronger by preying on weak ones. The US will never accept any other money as a single currency except the dollar. The dollar is a US tool for the domination of the global financial stage.

Yeesha

jr. member

Activity: 60

Merit: 1

Quote from: X-ray on January 01, 2025, 10:25:49 PM

human in general have different cultures to each other, the main reason there are many currency because they want to create their own and control their own.

this one world one currency thing can be achieved when the world has become melting pot basically a world where there is less to no more racism and culture difference is normal, then people will care less about difference and actually strive for a good economic system.

as of now it's still kinda hard, but moving forward I'd expect the entire world to go on that path.

Using a single currency is a nice idea but there are different type of cultures and countries in the world and everyone will wish to do their things differently. Unfortunately, racism and discrimination persist, people are descriminating towards themselves, some citizens see themselves and the people in the same country with them as superior, while they see someone that is not from their country as inferior, which is not proper. A world can be a better and suitable place if we melt our hardened hearts and open ourselves for one another. by saying No to racism and discrimination against one another based on skin color, or nationality we can create a better, more harmonious world. unity, acceptance, and equality is really important for the peaceful, development and growth of the world.

Quote from: icalical on January 01, 2025, 11:03:52 PM

Single world currency might sound so convenient, it will eliminate all problems with exchange rates, reduce the cost of transactions, and make trade and pricing more transparent. However, it will also face some challenges . One of which is that countries would give up their control over monetary policies, that will make them hard to solve their own economic problem if they need to. Besides, one currency adoption would be extremely costly and cumbersome under the prevailing divergent economic conditions among the member countries. The costs of lost economic flexibility and implementation costs are its disadvantages. Given that the benefits of this idea are pretty obvious, such risks are too high.

Yeah, I understand your point of view and you are absolutely right. Implementing a single global currency would be complicated, as each country's government would likely want to maintain control over its monetary system. This could lead to conflicts or crises between nations. Given the world's diversity and size, it's beneficial that each country has its own currency, allowing them to easily access and manage their monetary systems to address economic challenges and problems.

coupable

hero member

Activity: 2338

Merit: 757

Top-tier crypto casino and sportsbook

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

I believe if every country in the world use one currency it will really help the world at large and every nation will benefit from it, there are some benefits or reasons why the world should have a single currency which are.

In simple words, this can never be achieved in a global capitalist system, where money has power and strength like weapons and perhaps more dangerous. The United States studied the global financial system and rushed to impose the dollar as the currency of the global economy, but it failed to impose it as a single, unique currency for many reasons:
- The multiplicity of poles of conflict in the global economy that accept gold as a value recognized by everyone, but without canceling the currencies that represent the value of gold, considering that any currency derives its value from the gold cover.
- The different characteristics of different markets around the world because each currency represents a direct reflection of the state of the economy that determines its value by inflation or deflation. Two economies, one strong and the other weak, cannot have the same currency with the same value.
- Many other reasons...

Even Bitcoin cannot change the rules of the game in the global economy because this would require canceling the entire global financial system and then rearranging it.

Smartprofit

legendary

Activity: 2338

Merit: 1775

Catalog Websites

For each country, control over the emission of its own currency is a big competitive advantage.

For example, Great Britain once left the euro zone, because it considered being in this zone disadvantageous for itself. At the same time, for Great Britain it was not an easy decision. After all, it lost the consumer markets of the European Union.
Nevertheless, when several countries unite and introduce a single currency, a paradox arises - rich countries begin to subsidize poor countries. How good is this for rich countries?

The loss of economic sovereignty is not an easy decision (especially in the conditions of modern deglobalization).

Yes, we will probably come to the formula - one country, one currency, one humanity! However, this will not happen soon.

DrBeer

legendary

Activity: 3752

Merit: 1864

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

I believe if every country in the world use one currency it will really help the world at large and every nation will benefit from it, there are some benefits or reasons why the world should have a single currency which are.

A. When the world have a single currency it will remove or eliminate exchange rate fluctuations there by making international trade and investment more productive and competent and how can this be achieved it will simply remove the risk and Instabilities connected with fluctuating exchange rates.

B. When the world have a single currency it will reduce the cost in making transactions because there will be no more conversion of currency to another currency and this will really benefit business men and women and also travelers, some time when you travel to another country you fine out that the money with you that you think is big is actually small when converted to that county's currency you travelled to, having one currency will make for easy money transaction between two people in different nations.

C. Having a single currency will also help in enhancing price transparency it will be difficult for a business man to import goods into a country and increase the price x 10 of what he bought it, having a single currency will help to reduce price of some specific items globally.

D. Having a single currency will help to unit the world more and every nation will be his brothers keeper and it there will be a global monetary policy this will help prevent corrupt politicians from stealing.

The single currency assumes approximately the same level of development, economy, social level. Take the CE as an example - not all EU countries have switched to the Euro, and continue to use their local currencies...20 countries out of 27 have switched to the Euro..... While in Europe, we can say that the situation is better, in terms of differences in the economy and social level, than, for example, there will be between modern developed countries and third world countries. Already at this, the simplest stage, the idea starts to “bog down”.... There is a single currency for the world economy. But the world is not ready for a global transition to a single currency

Callido

jr. member

Activity: 36

Merit: 23

Quote from: joniboini on January 02, 2025, 09:10:04 PM

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

D. Having a single currency will help to unit the world more and every nation will be his brothers keeper and it there will be a global monetary policy this will help prevent corrupt politicians from stealing.

Is the power of a sentiment that strong? I don't recall seeing any symbol of my country unite people that much, except for a national flag. Even then I don't think it has a magical power that unites people in one goal. Not to mention people of different races, ethnicity, religion, etc. It feels a bit optimistic and slightly naive that a single currency would achieve that. Looking at USD and seeing some corrupt politicians tells me that some people will try to steal regardless of what currency they use.

I agree, any benefits can be looked on except a single currency uniting everyone, Anthems and Flags, Religion and Culture still has no influence on bringing unity among individuals of same country.

Quote from: SuperBitMan on January 01, 2025, 05:57:01 PM

I believe if every country in the world use one currency it will really help the world at large and every nation will benefit from it, there are some benefits or reasons why the world should have a single currency which are.

We should expect nothing at all, this is something that can only leave rent free in our minds but the possibility of happening is actual to zero. What about if we call out for those reasons why it should not happen, economy clash will be a problem, i think with this step their will be reasons to call one government (which is impossible to call for) you can't expect one currency under different rule.

Frankolala

hero member

Activity: 938

Merit: 605

Leading Crypto Sports Betting & Casino Platform

The problem here is which country currency would be used as the general currency. Don't forget that we have boundaries and no country government would agree to use another currency that was not created by them. Assuming the world is ruled by one government, it can be possible but the world is too big to be ruled by one country because human are scattered all over the place with different traditions and cultures.

Topic: One World One Currency. (Read 460 times)