Topic: The One World Currency: Is it Bitcoin? - page 6. (Read 1331 times)

Currently I think Bitcoin could be the one world currency to date but we’ll never know what the future brings. And people create new great platforms almost every year. But since Bitcoin came here first and is most widely used, it could be the worlds currency without the government interrupting too and making it centralized and run by them.

Possible without any government interventions this system can be used as world currency, talking

about online transactions, it's very capable doing the work.


Can process the transactions without any needs of personal information the concept of P2P

is vey likely to proceed. Good enough if most people acknowledge and use this chain.

I believe that at the moment we are on the path of global changes and in this case we are witnessing the collapse of the world dollar system. This also applies to the collapse of the world government. As a result, we are returning to the moment when each country will be on its own, and in parallel to this, new global systems are being created that are different from the existing ones. Bitcoin's place in this case is very dubious. The fact is that although BTC is actively growing in price and it seems like the crypto community is growing and money is being invested in BTC, this is not enough to become a world currency. As you understand, the world currency should solve the problems of the previous one, that is, the dollar, however, BTC hardly has only one advantage, because BTC also has disadvantages and this is probably what confuses most countries of the world to start using BTC as a world currency. At the same time, the BTC price is very volatile, and the main thing for the world currency is stability.

I think yes bitcoin is the one world currency because this form of currency is use by many people  scattered in the whole world Thus bitcoin became the one world currency.  If we use bitcoin as currency to buy something you don't need to reveal our locality to determine when country you from that why it easy for use to use it where we are.

You are right that smaller countries with their own currency won't be able to sustain their economy in the future. They only chance they have is export commodities but even then the payments will likely be in a different currency. There will be a lot of pressure on the currencies. So we will likely see more currency unions in the future. The problem a world currency would have is who will be able to control it. If the control is done via population quota then Asia will likely dominate. Having bitcoins as the world currency would make it easier because no one has control then.

well where did the french franc the spanish peseta. german d-mark al disapear

.. i will say there will be multiple fiats around the world. but as for which fiat is deemed the international reserve or the counter balance of all fiats.. well thats got more to do with which country is regulating international trade more so than which currency is favourble

bitcoin wont become the fiat counterbalance of international fiats. as its not able to be controlled by the regulating country.

bitcoin is a alternative safe haven separate from fiat and should always be considered an alternative and not a replacement

dreams of bitcoin defeating governments are for the fantasy section

Okay, let's say that there is the subdivision but can it sustain the population though? I am asking a genuine question whether can bitcoin sustain it or not and you say that it is a bullshit, are you an economist to prove that it is bullshit?

I agree with your opinion, governments do not have a very friendly position on Bitcoin, because they cannot control it, but they are generating many strategies taking advantage of Blockchain technology, in fact China is a pioneer in it, since its stablecoin has been quite a feat, for Russia also has plans to launch it in at least 2 or 3 years, they think that the digital age should be in their economy, the US for its part has not yet established a cryptocurrency or stablecoin plan, the FED is very aware of the steps that may happen with respect to debt and gold, they have considered Bitcoin to be a substitute for gold but not adapt it for not having a backing.

In some third world countries they tried to do it, but without success, Europe for its part does not have plans yet to launch a Digital Euro or Cryptocurrency, but in the near future I think it will be a priority to do so.

Seeing Bitcoin as the "world coin" is as a result of its rapid and robust growth over the years which other coins are going in the same trend. it cannot really be stated in my own opinion as the world coin as several coins are emerging with rapid recognition than the way the bitcoin was seen growing when it first started. this has brought about competition in the coin market, so it can be determined in some years to come whether to really ascertain if the Bitcoin will definitely stand.

No doubt it is. As more and more institutions using bitcoins in their platform, it is undoubtedly sure in the couple of years that this cryptocurrency will be greatly be used all over the world. More and more countries will probably be going to adopt.

The OP is talking about bitcoin being the one world currency rather than the one world government as there is no such thing  . To consider bitcoin as a global currency you do not need any permission from any government and since everyone is aware of the decentralized nature you do not need any central authority to give you the permission to use them as well, the people determines whether they want to use bitcoin as a currency.



 

I also believe that the viability of the idea of a world currency and a world government is questionable in the current conditions. There are too many contradictions between different states in politics, too different levels of economic development, different conditions for the functioning of the economy to be able to agree on something like this. Even after the two previous world wars in the last century, this did not happen and will not happen now. The monetary system of the world is in crisis, but the world currency will not help.

For me I think the people already wants Bitcoin to be the number one world currency, I think government are the ones fighting it especially in Africa,e.g  Nigeria Government has banned the transaction of Bitcoin in the country, but the citizens of Nigeria needs it.

Bitcoin cannot be the standard coin of a One World Government, Because first and foremost, it is decentralized. It's circulation wouldn't be precedented, influenced or controlled in any way, shape or form by this One World Government you're talking about. This also goes for any future currency that bitcoin will pave the way to. Because those coins would probably be decentralized themselves, knowing that it's the biggest defining factor and the biggest selling point bitcoin has to offer besides its high profitability and current price point.

The current 'collapse of the current world currency' and the 'one world government'. Are these these predictions feasible? Do we really think this would ever happen because, I don't see how the world would be bounded in a single government. With all the racial segregation and other nations looking the other one as gold diggers fir which an alians with them would imply death to the countries economy,,, this is just a speculation though but, I strongly doubt the possibility of a one world government nor the collapse of the current monetary system. The re might be modifications but, not a collapse.  Better still would be a collaboration or the two, cryptos and fiat.

1.  If monopolies are bad.

2.  Why should anyone want a one world centralized currency monopoly.

3.  Why should anyone want a one world centralized government monopoly.

It is trendy to support one world currencies and governments thanks to fictional universes like star trek and star wars depicting utopian futures ruled by centralized authority. But how much evidence for centralized monopolies being positive things exist outside of fiction?

I don't understand why people hop on a media bandwagon that says google, amazon and facebook are evil monopolies that must be punished. While simultaneously supporting monopolies in other sectors. Its one thing to have a poorly designed clock that doesn't work. Someone can easily replace it and get another. But poorly designed state structures and poorly designed currencies can wreak tremendous harm and loss of life measured in billions of people. One might think people would put more effort into those areas to prevent suffering and loss of human life.

Bitcoin is the same thing as gold, gold is like a one world currency, but the only difference is that gold is a tangible asset and moreover it can’t be carried around if you don’t have the license to do that, and that’s because the government wants to control it, but you can still buy it and own it as an investment and I can remember there was time you can send gold using BitGold.

As for Bitcoin, it is successful because it decentralized and is a digital money that anyone can easily have access to it, but the same way with gold, in some countries if you’re caught with Bitcoin you will be punished. So talking about one world currency, these things might seem like it, but they are nothing, as long as we have dollars, euros and the rest of them.

Moreover the one world government stuff is something that I don’t believe is going to happen anytime, and I can’t even imagine how it’s going to happen; assuming there was such, which country’s government do you think will be allowed to rule? Do you think the Chinese will agree to be ruled by another power? And do you also think that the US would agree to be ruled by another? Same thing with the others. This one world government thing is something that came about with the antichrist talks. Even if it’s going to happen, I don’t think it’s happening now, and believe you wouldn’t like to be here when it does.

Good point. Banks need to collapse first, before Bitcoin will be able to take over the world. Imagine if governments embrace Bitcoin in its entirety. If they start buying Bitcoins in mass across exchanges, they will be able to control most of its supply. Bitcoin will lose its decentralized model, becoming the next centralized banking system for mainstream governments. Only then, Bitcoin will become the "One World Currency" used as legal tender across every country worldwide. It sounds crazy, but we cannot discard the possibility of this becoming a reality sometime in the future. A one world government backed by a one world currency could restore order to our society as we speak. While I admit that Bitcoin is not scalable enough for widespread use, things could change in the future. With the Lightning Network and several other network upgrades aimed to tackle this problem, anything's possible.

Nonetheless, I wouldn't worry about a "One World Currency" at least in decades from now. There's a lot of work to be done as Bitcoin is still in its infancy. Even government-backed digital currencies are in their early stages of development (like China's Digital Yuan). Whenever or not Bitcoin becomes the "One World Currency" it's yet to be seen. Who knows what will happen in the future in the highly-unpredictable world of crypto? Just my opinion

That could happen under a global dictatorship, but there will still be one or few Nations/communities that can't be stopped from being independent of the global dictatorship.
By the way, a global dictatorship will prefer a fiat-like currency with little to no decentralization, transparency, immutablity, censorship resistant, privacy etc

Gold is already a one-world currency and so are other precious metals. They can be bought and sold in every country if you bring them from another country, after some cumbersome paperwork.

Now bitcoin has been used by different country users so in a way it is also a currency for the people who used it not just the world. Again the reason why different countries have different currencies is based on their economic standpoint and that is something that is a huge thing to take over with one currency. So I dont think that is happening anytime soon. Yes people there might use bitcoin but that is not the majority, fiat is and will be here for quite some time.

Thing might change if we see governments allowing crypto trade openly in exchanges of that country, as we know in many places it is not that open to all.