What will happen if we use a one currency only? - page 13.

automail

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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

Good question.For 27 years this is the first I have heard this question and it really made me think on what will happen if all countries use the same currency. I think it will make the whole world more united and it will be a less hassle to travel overseas. Also, it will make people stay in their country.Currency conversion is the reason why some other people work abroad.Because of high conversion rate, they can earn twice as they earn abroad. One thing about using the same currency is that we don't have to worry about conversion rate when we go abroad. Shopping on eBay or other shopping sites will be cheaper because of the same currency. It will be a major adjustment if this happens and no one can say if the things mentioned will happen.Fingers crossed.

innocent93

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Quote from: bittrextrouble on December 07, 2017, 04:18:17 AM

What will happen if we use a one currency only?

One thing for sure, money changer will be out of business.

In this case probably the exchange houses will exchange old paper money with new paper money. You know how it is, those guys always find a way to gain money from money.

bittrextrouble

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What will happen if we use a one currency only?

One thing for sure, money changer will be out of business.

w33man

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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

Well, I think this is a fantastic idea. Come to think of it, it has also come to my attention the question of why we use different currencies when we are all living in just one world. We all should have just one currency since everything that we buy comes from the same world. Also, the fact that every time we want to go to a different country we always have to exchange our own money is a bit hassle.

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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 problem with having only one currency is the fact that not all resources or product are created on the same country with the same supplies and needs for things to develop. It will be out of order for us to only use one currency. Even starting is difficult because the economy that we have and the world has would be affected by this change.

SHAWN-MIDWAYS

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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?

-First choosing that one currency to be the global currency can bring division if there is a deadlock as super powers would want their currency to be picked.
- I think the idea of having one currency would make trade much cheaper as countries would not require an exchange to do business.

Quote

, It can make people's unite each other?Any opinion. Cheesy

If all countries are in support of a global currency, then Yes we just might have that unity and countries that have economies collapsing could be saved too.

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Quote from: bncbnc on December 06, 2017, 06:42:55 PM

Quote from: Snub on December 01, 2017, 12:20:59 PM

This will never happen, governments won't agree with this. Each country has its own economy, so one currency can destroy the entire economy of the world. It's just a dream that never happens. But there is an example when it is real - the European Union, more than 20 countries

It look like difficult but when all the people of the world will get knowledge about bitcoin and when they will know about the benefits of bitcoin then we can expect that it will become possible that all the people of the world will start using bitcoin as one and only currency. With the increasing number of bitcoin users its really now look like possible.

Yes many people become interested about bitcoin because it's price become increased in a short period of time and many people earn a profit from this. They become encourage and curious on bitcoin that's why it can possible to lead them to study about bitcoin.

sgenuine

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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

You should address this question to science fiction writers. They will write a good novel about it. In reality it will never happen. Shocked

Gennady12

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Using one currency all over the globe means a good and easy trading between two countries. If we use a global currency then the value of that currency get increase and this will help to lower the poverty of the developing countries.

bncbnc

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Quote from: Snub on December 01, 2017, 12:20:59 PM

This will never happen, governments won't agree with this. Each country has its own economy, so one currency can destroy the entire economy of the world. It's just a dream that never happens. But there is an example when it is real - the European Union, more than 20 countries

It look like difficult but when all the people of the world will get knowledge about bitcoin and when they will know about the benefits of bitcoin then we can expect that it will become possible that all the people of the world will start using bitcoin as one and only currency. With the increasing number of bitcoin users its really now look like possible.

youdacapt

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there will be a very detrimental centralization of many countries where there are countries that monopolize the currency and enrich themselves, they will be cunning and make many countries involved with debt and eventually make many countries as slaves.

But if it happens to bitcoin it will also cause chaos where the state will try to get most of the bitcoin by all means and even rob from their own society.

I think one currency will only add to the problem because civilization is formed from the sovereignty of every currency they have (economic sovereignty)

keyscore44

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It has some disadvantages and some advantages cause price will be same everywhere and it will only depend how much you earn cause you could go anywhere and buy the same things so i think more and more people will move somewhere diffrent more often.

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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 thinks,this should not been really works of being one currency in the whole world because we have a differerent dialect,culture,and most of all we have a different religion and beliefs,thats why this idea is woild not happening of being one currency,even in religion people wil fight each other to defend his faith,same also in currency,every nation make there own to have there called a capital,but in the world of digital currency,maybe someday we unite as one currency and that is a bitcoin.

altcointalk14

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Quote from: CreatePrivateServer on December 05, 2017, 10:09:39 PM

No Foreign Exchange Fees haha.

Actually cryptocurrencies don't have something like foreign exchange fees, just because they are global.
Bitcoin is already givig us opportunity to use one currency in the range of community. Every day Bitcoin community is bigger and bigger, so we are closer to use Bitcoin as one global currency.

CreatePrivateServer

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No Foreign Exchange Fees haha.

nemesis_

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If there is only one currency, it will be difficult to control as it will be greatly affected by the under developed economies worldwide. The value of currency the world will be using would be highly undetermined when it comes to the performance of those countries with struggling economy. Furthermore, it will be harmful for the markets. It will also nullify the need of financial sector employees and would be resulting to huge unemployment rate.

MinMan

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Quote from: newbie-hero on November 29, 2017, 12:15:34 PM

The use of one currency will not bring any changes in people's lives. It's just that the rich will have even more of this new currency, and the poor will also work hard and receive very little money. Undecided

The main thing is to choose the currency that will be used by everyone and there will be no objection by either of the sides on it and the most suitable one is bitcoin it is crystal clear and all these concerns will be sorted out which are discussed above and more of it bitcoin will be neutral to every region and that’s the best thing and there will be no tug of war and all the economies of world will be depending on others.

Snub

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This will never happen, governments won't agree with this. Each country has its own economy, so one currency can destroy the entire economy of the world. It's just a dream that never happens. But there is an example when it is real - the European Union, more than 20 countries

_Mikasa_

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I think its impossible to happen. Currency in every country symbolizes the value of their individual economies.

trauchot

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I thinking it would be very convenient, because if you want go in another country or you just want to buy another currency, you have to spend too much time for trying to find where to make exchange. And if the whole world would used one currency, it would not be necessary for making currency exchange, because always loosing money from exchange course and it is often possible to meet difficulties with currency exchanges.

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