What will happen if we use a one currency only? - page 18.

Wowcoin

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Quote from: Duogembrot on October 24, 2017, 09:30:09 AM

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

if you use only one currency then you can not take advantage of opportunities that exist when other coins experience price increases, if only playing in 1 coin alone it will make your assets stuck there.

There will be a lot of advantage if world will start using one currency and that must be cryptocurrency because crypto can be used globally all across the world and that must be bitcoin because bitcoin is popular among all the regions and nobody is going to deny this reality that it is the most profitable as compare to any other and it is the real economy booster and by this world economy will be bettered.

Its a big adjustment to all if you use only one currency i think its not applicable because every person hard to used bitcoin especially to those people have no internet.
We all know that we can use only bitcoin by using internet.

Nivir

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Quote from: Nambuwan on October 26, 2017, 01:04:29 AM

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

If this will happen in the future then it will drastically affect every person in the world. Some will be thankful but some won’t like it because they will lose the benefits they can get by having different currencies.

What kind of benefit on owning different currencies? Most probably due to its strong trend and economy like Korea and Japan. Although one currency worldwide is like impossible, if ever this happens then paper money supply will be the basis on each countries. This will be like the European League which composes of many countries but under one currency (except on few countries). Still this is mostly not gonna happen. It's like imposing one language worldwide. Currently US dollar is the main standard currency that is accepted by most countries.

Saone

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Well look at European union. Euro is a main currency and its doing alright. Some things of course would be different if same principles are applied worldwide, but it wouldn't f*ck up things THAT bad. And it would be amazingly easy to travel, which seems like a great benefit. But for all of this to happen in a logical way, the whole world should have similar economic power which will never happen..

Nambuwan

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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

If this will happen in the future then it will drastically affect every person in the world. Some will be thankful but some won’t like it because they will lose the benefits they can get by having different currencies.

Md Saad

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That would be a great a monetary system. if there is a single currency then we will get a proper globalization facilities. But it will never come true regarding this issue. because every developed country wants to dominate in the poor country. the currency is one of the biggest tools for an economy. that is why they never come to an agreement on this issue.
But if it really will happen then the transaction, communication and transportation will be easier for us. people also will feel comfortable if there will be a unique currency in the world.

Sled

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Quote from: Joshapat on October 25, 2017, 10:31:06 PM

I agree with the idea if we use a one currency only, because with one currency it will make the transaction easier and of course the distribution of money will be better than using a lot of currency.

If we will use one currency it might lead for faster transaction and i believe that it will happen because one currency will be enough to make world working because there is no forex market or anything that needs to be stressed out when using currency because we don't need any conversion and we just need to transfer it either in a bank or an online gateway.

Joshapat

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I agree with the idea if we use a one currency only, because with one currency it will make the transaction easier and of course the distribution of money will be better than using a lot of currency.

marcuslong

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Nothing our economy will never grow like this as you can see because of other currency our country or most of the countries economy changes since they accepting each and everyones cirremcy to trade and ofcourse to invest if one world will use one currency there will be no more changes will happens

MyIdeas

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Quote from: Wysus on October 24, 2017, 05:28:26 AM

Almost everyone says that one world currency is bad because of diffrent economic situation in different countries, but I disagree. The problem is situated in the modern monetary policy. Hypothetically, the Asymmetric Monetary System based on a blockchain can solve this problem. If you are interested, visit this this topic https://bitcointalksearch.org/topic/what-about-conxept-of-asymmetric-monetary-system-2311598

I totally agree with you. 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. Finally, we will have peace. It will also become easy to travel. Nowadays people earn online and most of the time, the jobs are given by foreigners. Every country has its own currency due to which the receiver might face decrease in value on conversion. We only need a superb policy. The idea is not bad.

newlone

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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 this is a bad idea, if we have a common currency, the trade and exchange is really difficult. Decentralization between nations will be the same here is a bad thing.

zeaderza

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Quote from: Gotumoot on October 24, 2017, 02:15:13 AM

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 it will give more ease to people because if we only use one currency then the understanding of every business transaction or any regular transaction for that matter will be easily done. Plus, we get to travel around the world without worrying or computing if we have enough money or not.

Yeah this is one of the most important factor of a currency to be used as one. No other currency is there in the world. Like you said, if someone wants to do a world tour then you don’t find any problem. You don’t have to worry about the conversion of currency after every other country. Still there are some demerits that come along. But I think merits are more in this case.

naidray

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Quote from: Skyshark on October 18, 2017, 07:28:20 PM

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, that would bring a better world to everyone. A world where there is an equal currency, this could mean that there will be no more division between societies, third worlds would be no more and there might be equal opportunities for every one.

Destruction! Yes, you heard that right as it rings in your mind– DESTRUCTION! No way! Some countries will kinda feel cheated, and there will be problems here and there. In fact I’m not in support of such. It’s better for everyone to love in their own country peacefully.

doomloop

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Quote from: gabmen on October 22, 2017, 12:37:46 AM

Quote from: WannaCry on October 21, 2017, 12:51:14 AM

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 believe not. It will be good for all of us since we have uniformity. Though, we need to adjust every value of the countries products that way the economy of all the countries will not fluctuate.

You understand that it will be easier for corrupt people, who unfortunately sits in powerful positions, to hold everyone in the neck. It's going to be good if we have honest people at the top.of the heirarchy but the way it stands, having a single currency may very well be used for personal gains by a few people

It is right and the need of the time is the fast time where a lot of the people are having the bad mind and they want to make the value of the bitcoin go more high, it is very important to have the honest and the good people in the bitcoin because with then the bitcoin value is increasing and the bitcoin will give you the huge price and the true price often bitcoin I love to use the bitcoin and then to sell my bitcoin at the high price.

catapult

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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 countries which have good life standarts don't like the ''one currency'' idea. Many balances on the world have been established on the superiorities of the currencies and I think that situation will not change in the future.

imking

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We use one currency, we know that there are many advantages and disadvantages using one currency, the one advantage I think that life will be normal and their no boundaries at all, but in disadvantages of the one currency will be effect the government and also the society, and many more advantages and disadvantages God know what is right to be happen to the world.

Duogembrot

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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

if you use only one currency then you can not take advantage of opportunities that exist when other coins experience price increases, if only playing in 1 coin alone it will make your assets stuck there.

Oldhinien

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It will be non-profitable for the big guys above us and i think that is why there is still not one currency because they can not make profit of that and we are not doing something about it because we already live where it is normal to have more than one currency.

Mr.John19

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One currency in all over the world, I think will be a big problem because one reason of it the corruption this way to some country to be corrupt and will be the cause and I think in each country cause their economy what will be happened to the country have a low economy they don’t have a source of income because some county depend on OFW and import goods.

Kakawate

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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, a world where there is only one currency is gonna be a much better world, you can use your money anywhere in the world with the same value, thats just nice, to go around the world touring without thinking of the current exchange rate. This is gonna make our world a more convenient world.

Tapyaks72

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Quote from: PrinceCaspian on October 24, 2017, 08:10:28 AM

If we will use one currency only then wherever you go then it doesn't need to exchange your money to their native fiat because we all have one currency and that is the biggest advantage or benefit that we might get from using one currency only but it is very impossible if we will try to make it happen.

Yeah the advantages of one currency is we have no boundary meaning everywhere in the world you can use
It but I don't If the government will allow becsuse it will take control specially in terms of taxation.

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