What will happen if we use a one currency only?

Mr.Anonymous

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Quote from: nur rochid on April 08, 2018, 03:01:07 AM

Quote from: Opnsrc on April 05, 2018, 04:32:40 AM

Quote from: ?? on ??

Nothing bad is going to happen, a currency being used in the whole wide world is going to solve many of our economic problem that we are facing in different countries such has exchange rate, balance of trade problem and terms of trade difficulties. It would be good if it will be accomplished

This is an idealistic way of thinking. What if... There is no sense to guess what can happen when you cannot do anything to help it come true. One currency for everybody is something that will be never realized.

it is hard to enforce a single currency in this world, surely there will be many problems to be faced. besides that not all countries are so well connected that they will do according to their own will

Finally, no government want to accept other government have permission to manage their country. This is the main of reason to make we can not have an one currency only for worldwide, I think so. Beside that, I think we need to have different currency units to know what country has economy is better than other countries, it can be a motivation to make the poor countries must grow more.

yvonnegalvan

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Quote from: dawnasor on November 02, 2016, 08:53:29 AM

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy

I think if we use only one currency is there is no people that will not be poor, all of us will be rich, we can never feel our poor life again, that has been past in our life.

kisscoin

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It is unlikely that there will be only one international currency. There will always be a few to be able to edit the course, match and thus control! One currency can not cope and just collapse the entire currency exchange... Even if it is a strong cryptocurrency like bitcoin, it is still not. There will be more to stabilize!

tricky boy

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If a currency is used then it can be a problem. If a currency is used, there may be a noise in the world on the Taj. You mean gold as a currency. Trading with Gold, its price will increase further. The rich will become more wealthy, they will become more poor. The poor people can not meet their daily needs.

nur rochid

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Quote from: Opnsrc on April 05, 2018, 04:32:40 AM

Quote from: ?? on ??

Nothing bad is going to happen, a currency being used in the whole wide world is going to solve many of our economic problem that we are facing in different countries such has exchange rate, balance of trade problem and terms of trade difficulties. It would be good if it will be accomplished

This is an idealistic way of thinking. What if... There is no sense to guess what can happen when you cannot do anything to help it come true. One currency for everybody is something that will be never realized.

it is hard to enforce a single currency in this world, surely there will be many problems to be faced. besides that not all countries are so well connected that they will do according to their own will

Rrtt

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Quote from: dawnasor on November 02, 2016, 08:53:29 AM

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy

This cannot be happening because every countries has different natural resources and the value of money depends on this. THere are country that has rich with it and there are 3rd world countries who are unstable and poor. I think there will be chaos if we will use one currency only.

Opnsrc

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Quote from: ?? on ??

Nothing bad is going to happen, a currency being used in the whole wide world is going to solve many of our economic problem that we are facing in different countries such has exchange rate, balance of trade problem and terms of trade difficulties. It would be good if it will be accomplished

This is an idealistic way of thinking. What if... There is no sense to guess what can happen when you cannot do anything to help it come true. One currency for everybody is something that will be never realized.

arcanayou

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if there is only one currency in the world it is very good, everybody can transact smoothly there is no need for such limitations as country and currency difference, I hope bitcoin can be the only currency in the world so transactions between countries can be easier and faster . I really dream of everyone in the world can transact easily without the need to exchange currency if we go to various countries in the world

ElitistCA

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Blockchain Just Entered The Real World

Quote from: Sled on March 28, 2018, 10:36:03 AM

Quote from: Nivir on March 27, 2018, 09:44:47 PM

It will be hard to imagine for a single currency worldwide. If ever it happens then it still the top countries like the USA, China, UK and the others that will decide the system which will surely be in their favor too.

I don't think that it will be hard because it will be so easy for the countries to have one currency to use because they just need to be united in order to do that and they need to agreed on one thing before they can use one currency and it is very possible if they will talk to each other. Using one currency might give the best thing in our world because we can be just one country overall.

Best thing for the world? Hmm, do you think one country is good? Because one country means we must have one language in the future. Different language can affect the government to decide which thing is good for the country. Then, the Economic competition is also relieved because the nations have agreed to be one. Finally, it's centralized system, instead of the nature of cryptocurrency is decentralized system. Because if use one FIAT from the largest country on the world, we will world war, I'm sure that Grin

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Tukang Becak

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If we only use one currency only it will be difficult for the poor to improve life, a strong and rich country certainly has the power to dominate the money circulation so that will cause new problems.

AntonGrishko

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Having in one currency for the whole world will be a great favor to the whole world because people will not have to worry about conversions and there won’t be any competition.

sensimilia

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Price will be high because everybody will buying it regularly to spend after to something , but may be will drop too its like Fiat pairs some times good some times not , volatility will stable not like now

Sled

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Bitcoin- in bullish time

Quote from: Nivir on March 27, 2018, 09:44:47 PM

It will be hard to imagine for a single currency worldwide. If ever it happens then it still the top countries like the USA, China, UK and the others that will decide the system which will surely be in their favor too.

I don't think that it will be hard because it will be so easy for the countries to have one currency to use because they just need to be united in order to do that and they need to agreed on one thing before they can use one currency and it is very possible if they will talk to each other. Using one currency might give the best thing in our world because we can be just one country overall.

Elips1

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Quote from: dawnasor on November 02, 2016, 08:53:29 AM

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy

,,,I think the powerful nation will rule all over the world and it causes a united one nation. So, a one currency it means that it should be a one King or a one President. Then, the rules and regulations must be in a common to all people in the world.

Botnake

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Quote from: Nivir on March 27, 2018, 09:44:47 PM

It will be hard to imagine for a single currency worldwide. If ever it happens then it still the top countries like the USA, China, UK and the others that will decide the system which will surely be in their favor too.

It would not happen even bitcoin will be one of the popular currency, every country has different agenda
and they have different leaders and a country's currency represent the status of the county based on the value of its own currency.
Bitcoin will just help to facilitate transaction but at the end of the day, we all use our own currency.

tuikindu01

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The institutions or countries that issue money control the entire world economy, and the wealth is highly unified, resulting in uneven distribution, which can directly or indirectly manipulate other countries' economies for their own benefit.

Nivir

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It will be hard to imagine for a single currency worldwide. If ever it happens then it still the top countries like the USA, China, UK and the others that will decide the system which will surely be in their favor too.

kwarto

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it could be happen if nations will unite ang agree to that proposal then why not... it could not give any harm to the world if only one currency for as long as nations agreed to it.

a good example is europe... most of europian countries unite and agreed to use one currency and they are still stable and nothing goes wrong with their economy.. if this applies to the world with the same principle then that would be fine...

Faxmate

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Quote from: johnnythunder on March 27, 2018, 07:13:35 AM

In the event that the planet simply applies one cash, I figure it'll be larger joblessness and neediness in every nation. Since there's no benchmark to choose the estimation of cash. what is a lot of, on the off probability that it happens there's no organization willing to offer a high compensation on the grounds that the esteem is that the same, and level of instruction doesn't mean something. Suppose someone United Nations agency attained a title, as an example, their leader or government would be hungry in lightweight of the actual fact that their pay has Associate in Nursing indistinguishable incentive from customary laborers.

I see this close very happening but not close too soon, though it is very gradual process, we have investment and it is developing more and more investment, we have an accounting standard this is applicable across countries among all other things, it won’t be far before we get a currency that will be adopted throughout the world. I would like bitcoin to use more than paper money so I like bitcoin to be the only currency in the world.

Kittygalore

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I think having only one currency is good because the value would be very much stable and no hassle to any payment methods, no more converting into other currency. This is just less hassle to everything that we do. Unfortunately for investors of Bitcoin its just gonna be hard because when we use one currency I don't think that the value will still increase, I think it will be more fixed on a certain amount.

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