Topic: What will be our new world currency? - page 13. (Read 18069 times)

U.S. $ would still be the universal currency because of its being known virtually everywhere. And there are money changers practically everywhere that accept the U.S. dollar.

usd is certainly the most widely used for other than real currency. usd also become the most widely used currency. whereas bitcoin? still not legalized. it seems to me

Well, US Dollar still popular and still the best currency such poundsterling and euro, i think this 3 main money will keep the best. For bitcoin, it can be our new world currency though. but we need to motivate other people to use bitcoin.

There will not be unique world currency, it is just impossible. World monetary union is something that is impossible to carry out. But there could be one currency that could unify people to use it as an alternative currency without centralized autoritet and governement influence. And Bitcoin that already is.

I think every single Bitcoin user is looking forward and hoping that everyone would love Bitcoin as much as they love using dollars. Dollars can be used anywhere in the world. Imagine using Bitcoin and looking all cool just because you used that currency to buy at a shop. In reality, though, people will not use Bitcoin any time soon. They will continue using what they are using right now. So, for me dollars would still be used mostly all over the world.

I don't think bitcoin will become a new world currency but I do think it will be something like a cryptocurrency seeing as we get more digital and advanced everyday.
It would be too primitive to stay with physical cash and the current system which we live by.

I think that should be prioritized is adopter of bitcoin instead of bitcoin prices. if you want to see bitcoin has many users should you can start promoting bitcoin because with more and more users then the future of bitcoin will be even brighte and may become a global currency in the future

The next new world currency could be Ethereum based currency.

http://www.coindesk.com/santander-vies-become-first-bank-issue-digital-cash-blockchain/

Spanish banking giant Santander is working on a project that explores how it could digitize customer cash using the public ethereum blockchain.

Revealed today during a panel talk at Devcon2 by Ether.camp founder and ethereum Java client developer Roman Mandeleil, the news was confirmed by representatives of Santander. In statements, Santander said its goal is to open up its bank-issued funds to a community of innovators as a way of tapping additional efficiencies.

Given the recent deluge of proofs-of-concepts and consortium announcements, Santander's move to potentially issue digital cash on a live public blockchain emerges as one of the more unique projects globally. Running for more than a year, the ethereum network has a market cap of more than $1bn and nearly 40,000 in daily transactions.

In interview, Mandeleil explained that the Santander project envisions how the bank’s customers could convert money from their real bank accounts into a 'tokenized' online currency called 'Cash ETH' that would be redeemable for paper currency.

Mandeleil told CoinDesk:

"These tokens are backed by real money in Santander. At any moment you can get them back and get the dollars."

In a demonstration, Mandeleil showed how a fictional customer could use the prototype to create digital money for use at online merchants and accessible with a mnemonic passcode called a brain wallet. (Despite past issues with the concept, he called this version "statistically hard to break").

Santander representatives indicated that the bank is now seeking to work with Ether.camp on engaging other banking partners in the project. The two partners are also looking to run hackathons that would focus on developing use cases around micropayments.

In essence, the project aims to envision a way for banks to open up their basic bank account offerings to new ideas and transactional services. Further, Mandeleil said the project is part of his 10-person startup's vision that focuses more on using blockchain technologies to achieve incremental benefits for banks and consumers.

"It's more like evolution, not revolution," he said. Still, he emphasized that the trial, should it go live, would mark a "huge leap" by establishing a connection between a publicly traded financial firm and and a public blockchain.

"You can start to build more and more stuff and say to the regulators 'It's not so scary,'" he continued.

Elsewhere, in his talk, Mandeleil discussed Ether.camp'sk with blockchain startup firms including Gemini and Rootstock.

Mass media

Mandeleil showcased a system whereby a Santander customer would have three new options to coincide with their traditional bank account – tokenize, transfer or refund.

Should the user elect to 'tokenize' their funds, the system is set up to allow for payments of as low as $0.01, though small charges may add to Santander’s earnings depending on how the user chooses to allocate the funds. In the example, $350 in funds were withdraw to a test version of the ethereum blockchain, with $1 going toward gas payments, which are needed as payment to execute transactions on the network.

By paying the gas upfront, the user is allotted a certain pre-set number of transactions they can execute, though this figure can be increased with additional payment. Mandeleil sees the digital Santander dollars as a viable alternative to PayPal.

"It's not something that users will not do to have the agility of money. You click on the payment, then you put in the private key and you have the balance and the reliable transactions," he said.

To offer a better view on the project, Mandeleil walked CoinDesk through a version of the prototype in which a user tokenized funds for use as payment for an article on a demo version of The New York Times website.

of course it is going to be a new world currency in the future, i hope that its price is going to go up a lot in the future and make me some good money

I think that the US Dollar is going to be the new world currency but to me it does not really matter what the new world country is going to be.
There are so many different currencies that for me it does not much make a difference.

CNY aka 人民币  is a privately issued exchange commodity ( a fiat currency ) which currently has the largest user base on the planet as well as the largest circulation.  Just like its little sister the USD it is unverifiable and issued in unknown quantities at arbitrary times, according to the whim of criminals.  However unlike the USD it appears that those who issue it have some small regard for their future - investing some of the proceeds in infrastructure, in particular in southeast asia. 

what is cny? i thinm etheruem has a much betetr chance to be the second strongest, no other altcoin can match its capital, it's about 1 freasking billion, very high for an alt, only bitcoin is better

i do not know what to say.i know bitcoin is good but not the best and it gave us a good concept to manage our new world financial status.its now depend on us that how we develop our everyday living with this wonderful idea

The bitcoin is on number 4 in the list. There are 18 people voting for it at the moment. I think bitcoin could be one in a few decades.

Did you really post this without adding an option for digital currency ON a digital currency forum? I'm done... That's enough internet for today.

I won’t say it will be ‘bitcoin’ but I think the new world currency will have global acceptability and it will have inclusive approach towards the economies around the world. You can’t predict the accurate future of bitcoin but next generation currency will be more close or probably the same as crypto currency. I think major currencies like dollar and pound, Euros will have existence with majority but the currency that we are talking about would be near to these traditional currencies.

BTC is top of my list at the moment...

and maybe CNY(RMB) hv the chance too

How will the big leaders allow this to happen? Bitcoin is very hard to be traced. Leaders want to have us in control. As we find Bitcoin being one of the ways we can finally feel.. private and safe (and no, we don't have to be dealers or theives to look for safe ways), this is their enemy.

if bitcoin already used evenly as payment, I think bitcoin will become the new currency in the world. but it remains a viable alternative would not replace fiat.

i hope that bitcoin is going to be a new world currency, i hope that bitcoin is going to be huge and that it will replace all the currencies of fiat