Topic: What will happen if we use a one currency only? - page 24. (Read 19490 times)
At last if this things may happen , we can save usage of paper bills and production of coins made of metal and turning out anything works easier and efficiency of transferring money anywhere. There's a freedom happening for everybody.
first of all it is not going to happen,if some of countries take initiative then mostly all of traders are going to bankrupt and not only that global business trading will decline to a greater extent.it will be good we someone make a stable price digital currency using cryptography to enhance trading amongst different business man but it can be possible in digital only not fiat.
You may be right but I think otherwise. Anything is possible and can happen in this world. If this happens, this will be the best thing which this world will see. You will not be worried about keeping this much different currencies and moreover you will feel free to invest in your money anywhere in the world. 
There are a lot of countries that use the same currency, and i dont see anything wrong with that. It would be great because all prices would be equal.. There are too many difference between prices of stuff in some countries. the main currency has always been united states dollar, and anyone knows it. And gold has been a global currency too, everyone used it a few centuries ago, just like rice or silver.
[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 opinion, I do not think it will help if all nation used one currency. For me, There is a reason why every country have their own currency, is it because of there economy. I think if we have one currency there is no balance will happen in our market or in an economy of every country. So it is impossible to implement one currency in our nation.
It has already happened mate, it didn't cause any war and it certainly didn't cause any peace, Bitcoin is the new world one currency if it wasn't they
Wouldn't be supporting it ever since the genesis block. do you really think Satoshi was just a man with a groundbreaking invention and just mined by
Himself for a while and then stopped mining? actually they never stopped mining and right now they have the majority of the coins and will rule us in
The near future.
If it happens that we start using one currency only then a lot of global problems will be solved such as economy competition, terrorism and hunger in under developed countries. People will have inner peace and will feel secure that where ever they go, they can use their money for anything they want.Wouldn't be supporting it ever since the genesis block. do you really think Satoshi was just a man with a groundbreaking invention and just mined by
Himself for a while and then stopped mining? actually they never stopped mining and right now they have the majority of the coins and will rule us in
The near future.
It has already happened mate, it didn't cause any war and it certainly didn't cause any peace, Bitcoin is the new world one currency if it wasn't they
Wouldn't be supporting it ever since the genesis block. do you really think Satoshi was just a man with a groundbreaking invention and just mined by
Himself for a while and then stopped mining? actually they never stopped mining and right now they have the majority of the coins and will rule us in
The near future.
If it happens that we start using one currency only then a lot of global problems will be solved such as economy competition, terrorism and hunger in under developed countries. People will have inner peace and will feel secure that where ever they go, they can use their money for anything they want. Wouldn't be supporting it ever since the genesis block. do you really think Satoshi was just a man with a groundbreaking invention and just mined by
Himself for a while and then stopped mining? actually they never stopped mining and right now they have the majority of the coins and will rule us in
The near future.
for example if we use the dollar it will certainly be bad news to see the habits of the corruptors in Indonesia, they will never do small corruption. What if they later corrupt $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases and these corrupt acts are likely to affect many things in our economic sector. that is if we use only one currency, for example the dollar currency
You are right mate but according to my thinking in this case the country will be able to move only in one direction as you said if a country is using dollar only then they will not be able to change the currency suddenly when they will find the price and worth of dollar getting low because it will be difficult to change it at once so it is good to use some other payment services as well so that it will be helpful for the state of the country. 
it seems that it is not possible, because of course there will be no trading, either in forex trading or trading coin would require various currencies as a counterweight.
It will be a disaster because we all need different prices for different items and you need to know that the inflation of every country is also different some country's are very poor that is why they wont be able to handle this.
I wonder how all countries would be able to use just one currency if it is about fiat, because the government of every country has control on the money or on the economic system of that country so if the currency is the same for all the countries, who will be controlling it? Wont that become a reason for fights or wars between states?
People could not used only one currency becasue there are differences on the currency of one country to other. For me setting and establishing a universal current like bitcoin that would serve as a current on any type or transaction all over the country would be a better option rather than looking on just one type of curreny that means nothing in terms of transaction on different part of the world. 
it seems that it is not possible, because of course there will be no trading, either in forex trading or trading coin would require various currencies as a counterweight.
It will be a disaster because we all need different prices for different items and you need to know that the inflation of every country is also different some country's are very poor that is why they wont be able to handle this.It's a conspiracy that all the countries will be having a one world currency and I guess that is bitcoin. I'm not so sure with that guess of mine, I've just read something about it and I'm not good with those things. Well if that happens all transactions will be easier and we can wherever we want as there will be one currency, no need to exchange.
Of course this will provide variety of convenience to everyone in doing business in various countries because with one currency can perform various financial transactions, but for the realization i also have the same views with you it seems that it will take time for legalization bitcoin as the international currency
[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.
It will be good for the world economy. Probably there is no more economic crisis, all transaction will be fair and export sector will be more stable. Government of strong country such as USA can manipulate the price of USD for their own advantage that Probably can harm another country. The only one currency for the world should has limitation in amount to prevent the inflation. 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.
for example if we use the dollar it will certainly be bad news to see the habits of the corruptors in Indonesia, they will never do small corruption. What if they later corrupt $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases and these corrupt acts are likely to affect many things in our economic sector. that is if we use only one currency, for example the dollar currency
It's a conspiracy that all the countries will be having a one world currency and I guess that is bitcoin. I'm not so sure with that guess of mine, I've just read something about it and I'm not good with those things. Well if that happens all transactions will be easier and we can wherever we want as there will be one currency, no need to exchange.
Of course this will provide variety of convenience to everyone in doing business in various countries because with one currency can perform various financial transactions, but for the realization i also have the same views with you it seems that it will take time for legalization bitcoin as the international currency
The convenience is real and transactions will be on an instant way like there's no need for so much waiting time when we are about to do bank wire transfer. And with bitcoin, we can just wait for a while for the confirmation. For the legalization of bitcoin, it's already on its way. Other countries did made bitcoin legal and safe to use.
it seems that it is not possible, because of course there will be no trading, either in forex trading or trading coin would require various currencies as a counterweight.
It will be a disaster because we all need different prices for different items and you need to know that the inflation of every country is also different some country's are very poor that is why they wont be able to handle this.raised inside third world countries will be more poorer than those who raise from the first class and what would be the value of the currency then? the
economics will tell that it wont be balance.
it seems that it is not possible, because of course there will be no trading, either in forex trading or trading coin would require various currencies as a counterweight.
It will be a disaster because we all need different prices for different items and you need to know that the inflation of every country is also different some country's are very poor that is why they wont be able to handle this.
To undertsnad the solution of your question, let's relate the question to the european union. The participant countries in european union are using Euro as a universal currency. Each and every country is using Euro, that looks amazing.
Now let's have a look on the other side of it. Since every country is using euro, the performance of any country (irrespective of positive or negative) would affect the price of the Euro. The same thing is going to happen if we all are adopting a single currency worldwide. The negative performance of the less developed countries would affect the price of that universal currency, irrespective of the good performance of the developed or developing countries.
* Brexit pain for holidaymakers as pound expected to fall further against euro.
Now let's have a look on the other side of it. Since every country is using euro, the performance of any country (irrespective of positive or negative) would affect the price of the Euro. The same thing is going to happen if we all are adopting a single currency worldwide. The negative performance of the less developed countries would affect the price of that universal currency, irrespective of the good performance of the developed or developing countries.
* Brexit pain for holidaymakers as pound expected to fall further against euro.
I think that the use of one currency will not affect the economy of the country. It's just that in rich countries it will be more, but in poor it will be less and no matter if it's a dollar or bitcoin.
it seems that it is not possible, because of course there will be no trading, either in forex trading or trading coin would require various currencies as a counterweight.
Indeed, I also believe that if we will use one currency there will be no trading will occur since the trading originates from exchanging of every currency around the world. And if trading has vanish, then it will have a big impact in one's country. 
it becomes a difficult problem to reach the target if only 1 coin in a country because the increase is also lower. in a country that must have at least 4 types of coins for the sake of the progress of its own country.
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