What will be our new world currency? - page 6.

Ipwich

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Quote from: Rude Boy on February 02, 2017, 11:45:30 AM

Paper currency will remain in our new world.

In India, the government already trying to implement the plan "Digital India" which is cashless transaction. Actually which will never be happened as more peoples were uneducated and not aware of digital currency/transaction.

So the current currency which is ruling now will be our next/new world currency!

You are right, and considering India is not a big country, we can already assume that most users in that country are comfortable with using paper money. They cannot make it compulsory for the entire population, it will not create a good community when people cannot easy trade successfully.

Fiat will stay, of course.

Rude Boy

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Paper currency will remain in our new world.

In India, the government already trying to implement the plan "Digital India" which is cashless transaction. Actually which will never be happened as more peoples were uneducated and not aware of digital currency/transaction.

So the current currency which is ruling now will be our next/new world currency!

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Quote from: Doamader on February 02, 2017, 10:58:12 AM

Nothing will change from the current system of the fiat system, these just means that dollar, euro and others currencies wont be replaced by a global currency, i believe it will make currenty fiat system to became digital fiat, but those should take over 20-40 years.

For the next decade I don't see any hard changes. But after that either the yuan or euro will take over.
The world is globalising and with that trade relations are mandatory, something the trump administration is demonishing by fighting with their biggest trade allies; Mexico, EU/UK and now Austrialia.

Doamader

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Nothing will change from the current system of the fiat system, these just means that dollar, euro and others currencies wont be replaced by a global currency, i believe it will make currenty fiat system to became digital fiat, but those should take over 20-40 years.

Pettuh4

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Quote from: Pierre 2 on February 01, 2017, 02:32:05 PM

I think USA dollar will stay like 10 to 30 years more and,
there won't be any world currency in future. There won't be monopoly.

That's very true, I think things will stay as it is presently but for bitcoins to dominate it will take a long time maybe another generation and the US dollar as it us dominating presently will keep up until one of the major currencies be it euro or pounds over takes it.

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the US dollar will always stand in front of all other currencies, too many transactions that use the US dollar in all respects not only the business but also long-term investment, so there will be no new global reserve currency.

President79

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Certainly, at this time all countries had a currency of its own, but there is no country that can meet the needs of their own, they conduct transactions with other countries whose currencies are different, then they use the dollar, or EURO. This is what makes the currency 2 extremely strong that could controlling the world economy.

HabBear

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Would a new world currency have to coincide with a new world language?

The world currency is currently the Dollar. The world language, the language of business, politics, and diplomacy is English - not American, mind you, but still aligned with the Dollar.

Personally I don't want Bitcoin to be the next world currency - it would pervert the idea, the intent of the project. And it's not going to be...no government is going to give up control.

marcoman22

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well, china and Russia have already started using their local currencies for trade avoiding US dollars.China and japan are also trading using their local currencies.Since china is now the greatest trade partner of the african continent, china is seeking aggresively to use their currency for trade.China and UAE have also agreed to use their local currencies for trade.And China economy is projected to pass the US economy by 2016. So, we could expect china Yuan to be the new world currency.

Pierre 2

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I think USA dollar will stay like 10 to 30 years more and,
there won't be any world currency in future. There won't be monopoly.

Pab

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For sure not bitcoin,dollar will stay like a global currency for longer time,it could be to big shock if dollar will fail
Euro is fake and will die untill 2020.Zimbabwe dollar can be good choice or bananas,i think bananas or matches

gabmen

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Quote from: mrjoy15 on January 30, 2017, 10:42:33 AM

Quote from: Theb on January 30, 2017, 10:34:33 AM

Anything aside from Bitcoin or any other cryptocurrency. Fiat currency will be dominating the market for a lifetime because they are circulated by the government, anything that is controlled by the government is something we must be confident about because they are the ones who can change the world's economy.

I am going to same point as you express.Fiat currency and Cryptocurrency are different each other also each have some uses which didn't changed anyhow.Bitcoin has a great Cryptocurrency but our fiat currency will be dominated at end.Fiat is our government currency,you can't imagine one day long without FIAT.

Yeah when you talk about "world currency" then i don't think there would be much argument that it would only be fiat. Paper money, as it is called by most people, has been the main way people transact monetarily and i think there would be much confusion if it is changed. bitcoin and crypto may not even be here in the long run but I'm sure fiat will still be and that most people would still be relying heavily on it

d@nte

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Quote from: dearbesz1219 on January 22, 2017, 10:40:24 PM

Quote from: OmegaStarScream on July 23, 2015, 04:33:56 PM

Any Bitcoiner around the forums will say exactly the same thing ... we all hope that bitcoin will be . but there is a low chance for that so low . I'd say US Dollar for the next 30 years however that dosen't mean Bitcoin failure...

Indeed, maybe it is because they really wanted that bitcoin will become a legal currency interntionaly. Although, there is a big possibility to be happen but it will take more more years before it happen. lets us go with the flow for awhile until the right time comes for the bitcoin community.

Despite all the progress that the cryptocurrencies have been doing lately, and that will probably continue to do, I think people will continue to use fiat currencies for a long time. The reason is not that fiat currency is more efficient, but it is because many people have a lot of resistance to learn something new, and many of them fear change.

mrjoy15

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Quote from: Theb on January 30, 2017, 10:34:33 AM

Anything aside from Bitcoin or any other cryptocurrency. Fiat currency will be dominating the market for a lifetime because they are circulated by the government, anything that is controlled by the government is something we must be confident about because they are the ones who can change the world's economy.

I am going to same point as you express.Fiat currency and Cryptocurrency are different each other also each have some uses which didn't changed anyhow.Bitcoin has a great Cryptocurrency but our fiat currency will be dominated at end.Fiat is our government currency,you can't imagine one day long without FIAT.

Theb

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Anything aside from Bitcoin or any other cryptocurrency. Fiat currency will be dominating the market for a lifetime because they are circulated by the government, anything that is controlled by the government is something we must be confident about because they are the ones who can change the world's economy.

bravehearth0319

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Many said here that in the last time Bitcoin will become the new world currency of mankind. That's how they strongly believed unto it. But if we really going to search it well about bitcoin, there is a possibility to be happen actually,especially our technology now is highly innovated. So no doubt that many of the advertising business and online business will get involve into bitcoin someday.

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Quote from: CyberKuro on January 26, 2017, 05:59:38 AM

US Dollar will still be the major global currency for another +30 years later I think, but there is still chance for CNY may has chance to replace dollar as the country growing more faster than US in economics section. I don't think bitcoin will be the new world currency as the market cap isn't enough to compare with fiat money, moreover if some countries ban bitcoin to use inside the country, will decrease the users and the market price.

That is what I thought also, that no other currency will supersede US dollar, unless USA becomes poor country. Bitcoin will never get enough to become the world currency but as far as the digital currency is concern I think bitcoin will be number one. I don't care what is the worlds currency as long as bitcoin exists I am fine with it.

morgand

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Quote from: VTCutch on January 26, 2017, 02:07:33 PM

Quote from: Babayega31 on January 26, 2017, 07:59:31 AM

Our world currency is still a fiat currency in the future becausebfor me it is a currency with a balance use whether online or cash form it can be used always, but if talking about digital currency you could not touch digital currency without the prescence of fiat currency. So there is no such thing that you can ask to somebody about what is our new world currency, because you cant compare btc advantages to fiat currency money.

Yes, you are right, fiat currency is very popular and continues to be indispensable.
The dollar is now the main currency for the world.
But I think that the Chinese Yuan will also be strong in the near future

i agree with Yuan is stronger than before but, i dont think Yuan can beat US Dollar, because Dollar still have big influence in this world.
I wish that our bitcoin will be our new world currency in the future but after overthinking about it, yeah its imposible some digital currency can beat fiat.

streazight

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Quote from: CyberKuro on January 26, 2017, 05:59:38 AM

US Dollar will still be the major global currency for another +30 years later I think, but there is still chance for CNY may has chance to replace dollar as the country growing more faster than US in economics section. I don't think bitcoin will be the new world currency as the market cap isn't enough to compare with fiat money, moreover if some countries ban bitcoin to use inside the country, will decrease the users and the market price.

I think not a single fiat currency can beat USD in near future bitcoin USD is the most stable currency of the world, as most of the country’s economy is also depending on USD. But if we speak about digital currencies, bitcoin is the number and hope that it will remain number one even in future.

PokerFace3

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Quote from: pinkpanther03 on January 26, 2017, 05:33:10 AM

Quote from: OmegaStarScream on July 23, 2015, 04:33:56 PM

Any Bitcoiner around the forums will say exactly the same thing ... we all hope that bitcoin will be . but there is a low chance for that so low . I'd say US Dollar for the next 30 years however that dosen't mean Bitcoin failure...

I do agreed with you, majority of the member in this forum they replied the same thing. Maybe they wanted bitcoin to become a new world currency. For me isn't obvious that there is big chances to be happen. But while waiting let us witness little by little the world will adopt the concept unique system of bitcoin.

Actually those people who know about the importance of bitcoin wants bitcoin to become a global currency, although bitcoin is a global currency as the users of bitcoin are present everywhere, but over all the number of bitcoin users are not very low. So, we should try to introduce bitcoin to those people who do not know about bitcoin.

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