It is good in some ways. Like when you travel in any country you don't need to go to a money changer to change your money. You can use your money anywhere.
More importantly is that everyone could go for holidays or for trip everywhere, and now the currency swap (money from your country for money which is in country where you want to go) that applies in the country we want to go is too strong on the market. 
Topic: What will happen if we use a one currency only? - page 21. (Read 19529 times)
If we use only one particular currency all around the planet it would be quite good for a inadequate place, but it would be quite negative for abundant nations, due to the fact wealthy international locations ought to share funds to stabilize the forex. This sort of as the euro, prosperous international locations like the British isles do not want to use the euro due to the fact it would hurt the British isles
Definately there would be a huge chaos to the economy and brings an unstable supply if we use one currency all around the world. particularly in a big states and a low states. They can break the ties, each regulation and trouble of each countrymen due to the fact that dominant country can have what they want.
If we use only one particular currency all around the planet it would be quite good for a inadequate place, but it would be quite negative for abundant nations, due to the fact wealthy international locations ought to share funds to stabilize the forex. This sort of as the euro, prosperous international locations like the British isles do not want to use the euro due to the fact it would hurt the British isles
Definately there would be a huge chaos to the economy and brings an unstable supply if we use one currency all around the world. particularly in a big states and a low states. They can break the ties, each regulation and trouble of each countrymen due to the fact that dominant country can have what they want.
this is true. if it does happen if we only use the single currency the economy will be more difficult to reach by us too, so the development of the currency needs to be added not just one.
[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.
That's not possible but hypothetically let's assume that such a thing will happen, now we all know that US can produce any number of currency notes when compared to other countries because of them being a super power. Now if they start adapting such policy of one currency world, who will decide on which country should have the most power to supply currencies without corruption involved? In an economy there are various things that need to be looked at before even thinking of doing something. People will talk about the good and bad sides of it the whole day without being tired. 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.
[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.
First thing bound to happen is: whoever controlling (printer, mint) this global currency will rule the world. If in case currency is readily available to everyone and decentralized then With global currency in place a dominance of one nation will end. Overseas job drain will be stopped immediately. There will be end of forex. It would be interesting to see how currency is being managed in these kind of scenario. Depending on that factor everything will shape up. 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.
[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.
If we are using one currency only then I think that we are susceptible to destabilizig economies as one variance change then all of is in the world would be affected. ALso it would mean that dime of the prices of items we are used to biging would not he the same.
If we use only one particular currency all around the planet it would be quite good for a inadequate place, but it would be quite negative for abundant nations, due to the fact wealthy international locations ought to share funds to stabilize the forex. This sort of as the euro, prosperous international locations like the British isles do not want to use the euro due to the fact it would hurt the British isles
Definately there would be a huge chaos to the economy and brings an unstable supply if we use one currency all around the world. particularly in a big states and a low states. They can break the ties, each regulation and trouble of each countrymen due to the fact that dominant country can have what they want.
If we use only one particular currency all around the planet it would be quite good for a inadequate place, but it would be quite negative for abundant nations, due to the fact wealthy international locations ought to share funds to stabilize the forex. This sort of as the euro, prosperous international locations like the British isles do not want to use the euro due to the fact it would hurt the British isles
Definately there would be a huge chaos to the economy and brings an unstable supply if we use one currency all around the world. particularly in a big states and a low states. They can break the ties, each regulation and trouble of each countrymen due to the fact that dominant country can have what they want.
If we use only one particular currency all around the planet it would be quite good for a inadequate place, but it would be quite negative for abundant nations, due to the fact wealthy international locations ought to share funds to stabilize the forex. This sort of as the euro, prosperous international locations like the British isles do not want to use the euro due to the fact it would hurt the British isles
Then it will boost significantly faster and everyone will like to spend that money. Nearly all of the traders will have only this forex to spend in it and believe then how significantly individuals will have their cash in it. That will be a better volume of funds of the planet and they all will boost the price of that coin considerably larger.
[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 don't know if that's a good thing, or if it will ever happen. Take a look to England, even when they were in Euro, they did not adopt the coin, because the british pound was stronger and they would lose power if they did it. They are even getting out of European Union all together. Powerful countries don't want that to happen, so I don't think we will ever see a global currency that is backed by governments. We might have bitcoin being used all around the world, but that is different.
Using one and only currency across the world will certainly be an event unique in it's kind and it will serve the globalization purposes . It means that man kind have beaten their conflicts and differences and united themselves under one regimen . Yet it will mean that the most powerful parties will be in control of that currency and will be able to change it's value how ever they want it to be . It will help people across the world to travel without thinking of foreign currencies and exchanging rates and it will help to defeat the barriers that borders and governments have made .
Government has split the people by the sense of Money. Just think the people in Arabian country want to live in U.S,the cost value of Tiran is less than dollar, so they have to spend more Tiran to live in U.S.So the government has split the people by the money. If all of us using single currency means,no government will control the people. Bitcoin provide that Freedom. This is the objective of bitcoin. To make of single currency in this world.
Using one and only currency across the world will certainly be an event unique in it's kind and it will serve the globalization purposes . It means that man kind have beaten their conflicts and differences and united themselves under one regimen . Yet it will mean that the most powerful parties will be in control of that currency and will be able to change it's value how ever they want it to be . It will help people across the world to travel without thinking of foreign currencies and exchanging rates and it will help to defeat the barriers that borders and governments have made .
It will be easy to monitor and manage. But if to be understood, one global currency will need one global president. Well, the question is whether we are all willing to become one country?
Having the world using the same currency will creat some balnce in the power, see because of how the local currency is worth compared to the usd is what created the braquets of worlds, take for exemple eurepan countries, because they are using the same currecy they are all on the same level of power one way or another however if we look at other countries we see difference of currencies and differences in level of power, also having everyone use the same currency means everyone will be on the same social state level, means tow workers form differnet countries will have the same salary, right now when we compare the salary of a guy for us doing the same work as a guy from africa they won't have the same if we count it in usd, the point is that using the smae currency will create some equiality, take for exemple sig campaigns, we all do the same work we all get the same payout in bitcoin, even though we are from different places and differnet countires.
It is good in some ways. Like when you travel in any country you don't need to go to a money changer to change your money. You can use your money anywhere.
There are good and bad consequences in using only one currency. First,the good thing is it strengthen our own currency, it will have the power to boost our economy and also it will enpower our buying powers. The negative thing we will not know how our currency can cope up with the foreign currency, it will not strengthen our buying powers to the currency of other nation.
In my own sights, all kingdom in continents are united, The economy will stabilized its status at the highest altitude, Country's would easily facilitate access on identification of individual, No more visa and pass port to go anywhere because we belong as one. And the future of having cashless society will be realized,
And that will not possible. There is nothing impossible in this world but for what you have said, this is somehow impossible. Chances are just of 0.000001% else there would not be any cashless society and all the nations are just united for being one. No, that doesn’t come in real things. Things will be fine with bitcoin but it will take more than 7 8 decades.
If the world use the same global currency then all countries should be accepted equally
Which means one government and one currency throughout the world helps to spend and share without boundaries. There is no need to exchange currencies for travelling worldwide all the people can enjoy spending their money without having to think about changing their currency. I hope bitcoin will be accepted by all countries.
I guess so but if that one currency will be focused on to spend then that is somehow worth enough because exchanging currency is not limited for as long as there is a source of income to get. If there are many currencies then it makes complicated. We have to see to it that we are smart enough to use or spend the fiat money from bitcoin. We don't even know when will the source depreciates so as much as possible you have to coincide of using a particular currency.Which means one government and one currency throughout the world helps to spend and share without boundaries. There is no need to exchange currencies for travelling worldwide all the people can enjoy spending their money without having to think about changing their currency. I hope bitcoin will be accepted by all countries.
This is a very good thing due to the fact there is no gap amongst the countries, equitable economics will turn out to be quicker and everybody will be effortless to Transact in the absence of domination to a distinct forex.
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