Topic: What will happen if we use a one currency only? - page 19. (Read 19529 times)
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.
I think this is a very good idea and should be applied soon, I hope that with one currency then there is no poverty and wealth can be spread more equitable and there is no longer a very high economic gap..
There is much alternative and individuals are willing bitcoin to end up plainly a world just a single cash on the grounds that bitcoin can breath life into satisfaction while different monetary forms are simply making wars and government issues while bitcoin have never made something to that effect.
It is impossible to have one currency for all countries. The winner will be the one who controls the currency. Very often to heat up the economy using monetary emission. How can this be achieved if other countries are not profitable.
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
Although the possibility is always there but seems to take time for its realization because of course not all state governments agree with such an idea and I think it is too early to think about it. Because we know the development of bitcoin may still be the development stage.
and I'm also not sure if it will be a solution to the country's weak economic recovery.
and I'm also not sure if it will be a solution to the country's weak economic recovery.
I think this is a very good idea and should be applied soon, I hope that with one currency then there is no poverty and wealth can be spread more equitable and there is no longer a very high economic gap..
[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.
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.
In my own opinion, I think that life will be easier to live since everything will be equal. When the time comes that this mentality will be implemented to the entire country then it will be very hard for other countries to migrate the currency to one another because there is a lot of fiat that is generated yearly and it is not simple to change it immediately.
[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.
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.
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.
This is a good idea, with one currency of course there is no significant price difference, we will get the price of 1 kg of apples in south africa the same price as in Thailand, I agree with the idea of one world one currency.
This is really a very good idea. I must say that if this thing happens that all the people living anywhere in the world use only one currency, then this going to be the best thing one have ever seen in his life. This will solve all our problems and we will not have any worry of changing one currency into another or keeping different currencies in our pocket while travelling across the globe. 
[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.
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.
It is hard to imagine and explain that every country has similar currency with the other countries. If there is no economic differences between countries, it may be happened you said. In addition it may be good for poor countries. The disparity of countries income may be decreased. Also economic wars may be decreased. After that all nations may speak one language.
Each country has a very specific set of needs. Some may want to grow more. Some less. Using money and the rate it is printed, the amount of money you get from saving, and other things are ways different countries can help control their own growth. It is also why the euro is fucktarded. If we switched to one currency there would be less options to help with slowing or increasing the rate of growth and the world economy would collapse.
I guess, the idea of utilizing 1 international forex will create equality for all nation. We will crack racial discrimination via that but of course, it will bring a wonderful affect to our global economy and numerous men and women may not easily accept it. Domestic employees do not need to work away from their family and adore types because they will earn the identical worth of cash even they operate on their possess international locations. If the bitcoin promotes the thought to become international currency, the assistance of all governments are important to do so. It is quite impossible proper now, but I am still hoping that someday, it will come about.
[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.
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.
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
This will remove all the differences and we’ll be able to buy all the things at the same price. Moreover, there will be no need of keeping different currencies.
[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.
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.
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
In the case of currencies I think one currency is not good because if we have more than one currencies we can start trading in these and in the case of one currency if only one that may be devalue in the future and because of that you will lose the original value of your money. As for as one currency concern if you want to make money for the future you will not stake to only one currency. Now a days people are purchasing things online then if you want to do this you must have digital currencies for enjoying in your life.
[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.
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.
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
If we will take care of bitcoin as an illustration for this variety of question then we can say that it will be a quite enormous aid for bitcoin to goes up quite large and breaks a great deal of ATH charges and make some more. The power of possessing a single forex only is by the demand from customers that can make factors crazier than just before like if we will use bitcoin only.
I assume what you are referring is a term called supercurrency, it's very subjective and basically attributed to its feasibility. To answer your question let's look into the pros and cons:
Pros:
There will be no forex trade costs and no hedging.
There is also a notion of 'a more integrated world'.
It would promote tourism since the exchange costs will be negated, in other words the world would be more interactive and united.
Cons:
Kinda self-explanatory if you look into Greece economy currently after adopting Euro.
It wipes a nation's identity, especially the weak ones.
It is a good concept but not worthwhile enough to overhaul the entire fiscal process of the world.
Pros:
There will be no forex trade costs and no hedging.
There is also a notion of 'a more integrated world'.
It would promote tourism since the exchange costs will be negated, in other words the world would be more interactive and united.
Cons:
Kinda self-explanatory if you look into Greece economy currently after adopting Euro.
It wipes a nation's identity, especially the weak ones.
It is a good concept but not worthwhile enough to overhaul the entire fiscal process of the world.
[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.
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.
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.
Having an one currency around the entire world will provide a diversified economy throughout the country who have accepted such a method. In short, this will get used same as the European Union than has been functioning long with such a combined group of countries having the same currency.
The monopoly of dollars will come to an end. Because in this day only dollar is acceptable all over the world. No other currency you can take with yourself if you want to travel abroad. But when there will only one digital currency which will be acceptable all over the world then there will be no tension to convert your local money in dollars or any other required currency. I will really appreciate this thing and will be very glad to see all the people using just one currency.
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