Topic: What will happen if we use a one currency only? - page 25. (Read 19495 times)
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.
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.
If the world has a common coin, it sounded interesting. Will not not have inflation, terrorism, war, but who will be the Executive producer of that type of money?
For example the Bitcoin, Chinese tycoons large reserve number BTC and BTC is born in China. You see good not when China hosts the games and BTC as the market now? (Rate $4800 Down 4000 $/BTC)
For example the Bitcoin, Chinese tycoons large reserve number BTC and BTC is born in China. You see good not when China hosts the games and BTC as the market now? (Rate $4800 Down 4000 $/BTC)
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.
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.
Looking at the greater perspective on it, it's impossible to have that one global currency, but if you are just thinking in fictional, there would be a difference. One thing that could happen is that there would be no more trading of different currencies, so no more exchanges meaning no more profit from fees, etc. It's okay to think about like everyone will accept that currency but it won't happen because there are a lot of people who don't know English and hard to communicate with.
I agree to that. That is the main reason why we don't have one currency only because there is a barrier and that is the language of the particular country, if we are able to talk in english language then it is easy to have one global currency but if no then that is a huge problem because communication is the main thing in the world to make changes. 
Looking at the greater perspective on it, it's impossible to have that one global currency, but if you are just thinking in fictional, there would be a difference. One thing that could happen is that there would be no more trading of different currencies, so no more exchanges meaning no more profit from fees, etc. It's okay to think about like everyone will accept that currency but it won't happen because there are a lot of people who don't know English and hard to communicate with.
Europe has made those, and well nothing has changed at all, soo a worldwide currencie would be the same, but too much centralization wont be healthy and good to all countries, since each countrie does have their costs, and their fees, aplying same model to all will lead to colapse sooner or later.
The central bank, core developers,... you name it, of that currency would have too much power, It would be a matter of time that new forms of currencies would be created IMHO.
I think that currency is valued more because it is the currency in general. There will be no converting fiat to other fiat. Transactions will run faster. And I think the discrimination by nation will be less. Because of equality in the first image. It will only differ in about but still one face of 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.
Well to me using the same currency doesn't mean the said currency is been value the same way by different countries of the World. Example is the current global currency Bitcoin, which the value in Dollar varies in different part of the world.
That can bring peace to our world but with ambiguous questions still on that whether countries are really in the position to implement that change. Just imagine people of different nation are still fighting for the lands in other countries because the want to grow their economy and land area to adopt more part in their country. This is to show the gratefulness of each country and national respect. With money that might just get equalised because it doesn't matter where you go in the world everyone will pay same amount of money for water, land, shelter, travel etc. That would be just great if it happens. Everyone can travel happily nationwide because they know they don't have to spend more which would have been more if they were having currency difference of three to four figures in current local currency. That will just change the way we live
Honestly, you are sort of wet-dreaming
It is not people that fight for the land of other nations, it is rulers and governments which are doing that. Right now it doesn't happen at a large scale but not because governments became less belligerent. Quite the contrary, they are in fact even more belligerent than ever but nowadays directly seizing the land of some other country with military force is simply counterproductive (Saddam Hussein will tell you). Today, it is more about economic expansion and slavery. You could think of that as the state-of-the-art form of imperialism which didn't vanish but became only less pronounced
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
That can bring peace to our world but with ambiguous questions still on that whether countries are really in the position to implement that change. Just imagine people of different nation are still fighting for the lands in other countries because the want to grow their economy and land area to adopt more part in their country. This is to show the gratefulness of each country and national respect. With money that might just get equalised because it doesn't matter where you go in the world everyone will pay same amount of money for water, land, shelter, travel etc. That would be just great if it happens. Everyone can travel happily nationwide because they know they don't have to spend more which would have been more if they were having currency difference of three to four figures in current local currency. That will just change the way we live.
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.
[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.
I think it will be impossible thing to happen because currency is believe to be the identity of a certain state or country that serves as their power that makes them popular to other countries like Dollars $, Euro € and other type of currency present in the world. It will be great to have one currency for easy transaction. What the problem is just no country will be just accepting that they are all just equal especially when it comes to money. It might be a trigger for the next world war. 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.
Don't feel like anything good can happen with only one currency. That's just not possible or what can I say that is not the way everything works in this era. People are not intelligent species and different countries can never be friends. With money they will have war for who is better than me and who is not but they will never accept the same currency
That will largely depend on the specific form of money
For example, when gold was a universal currency was it bad (in the sense you mean it)? I suspect there was nothing wrong or evil about it. Further, I basically agree that a centralized currency for all countries and nations would likely do more harm than good. But if we are talking about a properly decentralized one (and which is set to remain so), this is no longer the case. So it ultimately comes down to how decentralized a universal currency would be, i.e. not its oneness and singleness as such
The world will be unite for sure. There will be no limitation between people and people and we can easily access to other country without any difficult. We will no need to convert our money into local currency since there is only 1 currency. You can travel any place that you want and you do not have to worry about the money issue
You can travel any place that you want and you do not have to worry about the money issue 
n our world this is not possible and not realistic. How many countries are there in the world so many currencies will exist. It is the system of our world. And one currency will not exist ever.
United or not depend on the politics of a country rather than having the same currency.
We all use only one currency would require a one world government that will never happen!
And even if a one world government would exist one day, there would be still people using other valuable things to exchange work and products.
We all use only one currency would require a one world government that will never happen!
And even if a one world government would exist one day, there would be still people using other valuable things to exchange work and products.
Jump to: