I don't think it's possible to have one world currency. Atleast until every country in the world has equal economic parity. Without government run economy would make it almost impossible to develop public infrastructure and basic necessities required for anyone. Moreover labour exploitation would reach the biggest heights as someone in Africa would work for peanuts for anyone in the USA. Not talking about the fees problem as there can be some other replacement or alt which can serve the purpose. This thing looks pretty difficult.
It's not just about equal economic parity, it's just that the economic system of any state is not adapted to the use of any world currency. Any state conducts its own monetary policy and the issue of its own national currency is a good help in this matter, and no truly sovereign state will refuse such an instrument, because the one who controls the currency controls the situation in the country.
Topic: The One World Currency: Is it Bitcoin? - page 7. (Read 1295 times)
I do not think so bitcoin could be the one world currency. There has two reason 1 is country could lose their identity if they don't have there own currency. 2nd one is econimical problem for government and business too. Because companies collects capital via stock market. If people only invest in bitcoin then stock market will be finished that means countries economical balance also finished. That's why it can't be one world currency because every country should have its own currency. But there is a chance that bitcoin couldbe a Second currency like a mobile payment or a bank. Bitcoin could be same for world or some kind of investment platform. Its my opinion others could be different. Thank you
Friends, a great headline and a question - but do you really believe that the masters of world finance will so easily hand over their CENTRALIZED system to all of us? I'm sure not, because they ruled the world, changed governments, changed the architecture and the map of the world for a long time - and now everything will change so quickly, and even without a fight? Not. I think it will be a long process and with great resistance from large financial centers. And our blockchain will still face negative and will survive more than one crisis. Do you think in vain they are entering cryptocurrency assets with billions of dollars and euros? sure to try and rock the market in your favor someday. I may be wrong - but I think so so far.
Sounds fun to hear that " One World Currency" is Bitcoin but I must say that it's only be in crypto industries, many people and countries don't know about bitcoins and cryptocurrencies (as of now) later in future it will be called if fiat will be replace or bitcoins will be spread all over the world.
I wonder if all other countries would agree with that name as "One World Currency" because as far as I know, not every country liked Bitcoin and some did try to make their own cryptocurrency to fight against the Bitcoin adoption or they just don't really trust Bitcoin that's why they were planning to make their own cryptocurrency.Bitcoin has a long way to go before other countries consider it as the world currency and so far this is the only decentralized crypto currency that has lots of adoption since the day Satoshi release it to the public.
Bitcoin is one of the most potential Crypto currency in the world. This coin popularity increasing day by day. Now a days most of the conscious people want to invest in Bitcoin. They choose bitcoin than fiat. But i don't think that bitcoin will be the world currency. Because of its decentralization. No government can control it. Also no one can trace its transaction. So this is very difficult for Bitcoin to be the world currency.
You can trace the transactions, most of the time at least. How? As long as that money came from fiat or goes to fiat, unless there was a mixer used along the way it will be easily done.When you use your fiat money to buy bitcoin (some people do not buy it, they earn it so maybe they can't follow from here) that means we are talking about an exchange that probably asked your KYC, that means that exchange knows your address and where you withdrew it, and if you send it somewhere else they will see that too, and if you spread it to 100+ different addresses they will see that too, basically it could be traced from that KYC linked account to any address you sent. When you are taking it out and making it fiat, if you used an exchange (some people do p2p or spend it simply) that means you could be also followed "where did this money came from" as well, with the same method.
Sounds fun to hear that " One World Currency" is Bitcoin but I must say that it's only be in crypto industries, many people and countries don't know about bitcoins and cryptocurrencies (as of now) later in future it will be called if fiat will be replace or bitcoins will be spread all over the world.
And people here are still happy to receive cash rather than bitcoin.
I'm not, I'd rather be paid in BTC than in fiat. Because even if I receive fiat I will convert it to BTC. The Fiat I receive will not increase and will be eroded by inflation. Meanwhile, if it is given in the form of BTC, its value will continue to increase because its very valuable value is getting here. I feel like you were quick to sum up everyone here. It is true, between Fiat and Crypto one day there will definitely be sacrifices. Because that is the law of the pyramid triangle of necessity, the more it is needed, the less needed it will be.
What do you think? Is Bitcoin the "One World Currency"? Or will another currency take its place in the future? If that happens, which currency do you think will become the "One World Currency"? Will it be the US Dollar, the Euro, or the Chinese Yuan? Do you think governments will unanimously agree to use a single currency for everything? Your input will be greatly appreciated. Thanks 
Absolutely.
The fact that we can choose between Fiat and Bitcoin is only a historical accident: Fiat and Cryptocurrencies, namely Bitcoin, aren't meant to cohexist.
Soon one or the other will disappear, and if you are reading this there is a decent chance you'll be able to pick the right one.
In my country, The fiat system has developed quite well with a lot of implementation and applications. I know that blockchain is capable of doing the same things but the current infrastructure of fiat is amazing. I can mostly buy anything with one click. And people here are still happy to receive cash rather than bitcoin.
Bitcoin is one of the most potential Crypto currency in the world. This coin popularity increasing day by day. Now a days most of the conscious people want to invest in Bitcoin. They choose bitcoin than fiat. But i don't think that bitcoin will be the world currency. Because of its decentralization. No government can control it. Also no one can trace its transaction. So this is very difficult for Bitcoin to be the world currency.
What do you think? Is Bitcoin the "One World Currency"?
Quote
Or will another currency take its place in the future?
No one exactly knows what will happen in the future if Bitcoin will be dethroned by another kind of currency or something.Quote
If that happens, which currency do you think will become the "One World Currency"? Will it be the US Dollar, the Euro, or the Chinese Yuan?
One thing is for sure, definitely not Bitcoin as it is decentralized and they have no complete control over it.Quote
Do you think governments will unanimously agree to use a single currency for everything? Your input will be greatly appreciated. Thanks
Perhaps the most powerful countries will agree of having a single currency but I don't think other countries will agree with it.
No other option except Bitcoin. Bitcoin only the online currency that can achieve people's faith, make its position permanent, widely accepted etc. So Bitcoin is the number one cryptocurrency.
What do you think a one world currency would be? It would be a currency that can be used anywhere in the world irrespective of country or continent. One would have thought that should be the US dollar but you'd still need to change your dollars into a country's currency if you'd use your money in that country.
Bitcoin, however, satisfies the demand of a one world currency in that it can be used in any country on any country and what makes it even better is the fact that it is decentralized and not controlled by any government of the world.
So in my opinion, I think bitcoin is doing pretty well in becoming the one world currency.
Bitcoin, however, satisfies the demand of a one world currency in that it can be used in any country on any country and what makes it even better is the fact that it is decentralized and not controlled by any government of the world.
So in my opinion, I think bitcoin is doing pretty well in becoming the one world currency.
Yes, that is right. I do not think that we will have one world currency for all countries because we live in different countries with a big difference from the other country.
I only imagine if we have the same equality in the future for all countries, maybe the word "one world currency" can be used, and we only have one leader that will lead the world into a better place. But until that time, we will not see one world currency because all of the leaders for all countries want to become the number one.
You see, Korea, the USA, China, and other big countries want to conquer the country by giving all of the facilities in the developing country to control them easily. And if they can get that country, they will use the rule to lead them and move to the next target.
I only imagine if we have the same equality in the future for all countries, maybe the word "one world currency" can be used, and we only have one leader that will lead the world into a better place. But until that time, we will not see one world currency because all of the leaders for all countries want to become the number one.
You see, Korea, the USA, China, and other big countries want to conquer the country by giving all of the facilities in the developing country to control them easily. And if they can get that country, they will use the rule to lead them and move to the next target.
I don't know where you got this idea from that there will be a "One World Govt" and Bitcoin will be the "One world currency". Those are fantastical ideas which should never really materialize.
It's not recent news. The Pope has been calling for a One-World-Gov for a while now. The UN is smoothly moving that direction too.They want one, and it's not something they're hiding or something we're just guessing.
The UN has been doing this for a long time now. They support the flow of information, human expertise and capital resources to developing and under-developed countries from the developed world. Sure, they could do a much better job, but couldn't we all? The polity continues to evolve and regional unions like the EU were an evolution from Empires==>Nation states==>Democracies. The experiment failed spectacularly. With decentralization gaining prominence, we may well be moving towards a better alternative far removed from a one world govt.
Consider the sources he posted. An opinion article from 9 years ago about how the Vatican wants a world government (which as far as institutions go, the Vatican is on the low end of what you would consider influential) and also as an opinion piece is prone to exaggeration and misinterpretation, and a second article that in no way supports the premise that the UN wants a one-world government. Further, believing that nations are going to surrender their sovereignty to a world-government is beyond ridiculous.
I don't know where you got this idea from that there will be a "One World Govt" and Bitcoin will be the "One world currency". Those are fantastical ideas which should never really materialize.
It's not recent news. The Pope has been calling for a One-World-Gov for a while now. The UN is smoothly moving that direction too.They want one, and it's not something they're hiding or something we're just guessing.
The UN has been doing this for a long time now. They support the flow of information, human expertise and capital resources to developing and under-developed countries from the developed world. Sure, they could do a much better job, but couldn't we all? The polity continues to evolve and regional unions like the EU were an evolution from Empires==>Nation states==>Democracies. The experiment failed spectacularly. With decentralization gaining prominence, we may well be moving towards a better alternative far removed from a one world govt.
I think it's very wrong to assume the whole current world economy will shatter which is standing for hundred of years now in traditional form. Bitcoin as a worldwide currency sounds tempting, but it's too volatile, and majority of the world doesn't even know how to use it etc, that's a big problem if we dream of having it as one common currency in the globe. We are moving towards globalism, and a part of me thinks that there will be no "government" per se which will be ruling the whole world, rather a capitalist environment will rise its head.
In future, Bitcoin currency can be used worldwide. Because their is no centralized authority that is controlling the Bitcoin. And Bitcoin is not a native currency of any country. This is a currency that is used globally. No one country or a government controls it. You are giving a right name The one world currency.
I agree with many of the posters here - bitcoin is not really a global currency and it is not really liquid and cheap enough to transfer to make it so. However, it could potentially become the world currency for medium to large transactions as the fee in those cases is less relevant.
What is sure is that it is becoming some short of an insurance in case the fiscal policies or economies of certain countries are irresponsibly managed. The rulers and lawmakers should be fully aware that their population may choose the bitcoin alternative if they go wild in the monetary policies. Venezuela, Iran, Turkey, Nigeria, Myanmar, ... there are clear examples, this is not just theory.
What is sure is that it is becoming some short of an insurance in case the fiscal policies or economies of certain countries are irresponsibly managed. The rulers and lawmakers should be fully aware that their population may choose the bitcoin alternative if they go wild in the monetary policies. Venezuela, Iran, Turkey, Nigeria, Myanmar, ... there are clear examples, this is not just theory.
Absolutely. Bitcoin's trust throughout the years is growing exponentially. As long as more and more institutions adopt to this technology, it is no doubt that this cryptocurrency would overcome the struggles of disjointed humankind.
Bitcoin is going through a transformation process, it is becoming a trusted digital asset to protect currencies from inflation, including the main world currencies such as the US Dollar, the Euro and the Chinese Yuan and is even displacing the Gold.
Only time and circumstances will place bitcoin as "One World Currency". For now bitcoin is heading down the path to where technology has developed. We are precisely in the awakening of a new technology that will unite the world.
Only time and circumstances will place bitcoin as "One World Currency". For now bitcoin is heading down the path to where technology has developed. We are precisely in the awakening of a new technology that will unite the world.
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