What will happen if we use a one currency only? - page 26.

darthmaul

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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

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.

Which country would want to equalise its assets with others when they have all the power in the world with their money. With money comes the security of nation and care of nationalist. No government will shake their hands for this to happen. If that do happen then there will be no poor country in the world because all of us will have same currency and same currency means same value.

jhonjhon

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Quote from: Shutup on June 28, 2017, 08:03:53 PM

If we used one currency all over the world it is better because its easy to use anywhere we used to go.No need to go to money changer to have cash.But if we have currency only one person will become president or ruler in this worl so that this world will become a one goverment.

Exactly, we don't need money changer anymore if ever it will happen.
This is only a prediction that is hardly to happen, I know that the communities will probably opposed with this if ever it would happen. Because it could contibute a huge impact to our practices, it's big adjustment to our lifestyle.

lovesybitz

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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

This question of yours makes me realized something about it, which is I remembered I read in the Bible were you can find it in the book of revelations that time will come there will be stand one person He will unite all the countries to have peace, to have one government, one system, and paper money will no longer be useful but only digital payment will be allow. Sounds scary if that happened Undecided

layoutph

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OP this is possible. Actually this is a bible prophecy. Someday there will be no more Bitcoin. Someday we will be ruled by a one man. And will have one currency and this is centralized money.

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

BunnyShibe

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Quote from: cotton ball on September 04, 2017, 02:25:28 PM

I think it will not be possible, unless there is only one country in the world, fiat is the identity of the economic authorization of each country, with the fiat of the country has the competitiveness in the global economy and continues to run every day, is also very influential in the brand of their resources, and if all merged into one then there will be jealousy from certain countries because obviously not going to be fair.

The only solution is the setting up of two currencies: the official currency and the common currency like the euro.

but to me i think it can be possible and i think that we are already going toward that, bitcoin is the best example for that, as we can see that now people are using bitcoin trough out the world having same value. i think very soon we will see that people will be using bitcoin for everything not only for online shopping but will also use it in their local shops also.

Blackdeath

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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 it will be impossible to make a certain currency that will be set to become the official currency to be use worldwide. Yes maybe it will unite the people at first but as time pass by. the people will see the main problem about it in which those countries will not accept to be equal with each other that will result to a large chaos fighting for which nation is dominant. It is possible to use a certain currency to be use worldwide but impossible to just use one currency only.

cotton ball

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I think it will not be possible, unless there is only one country in the world, fiat is the identity of the economic authorization of each country, with the fiat of the country has the competitiveness in the global economy and continues to run every day, is also very influential in the brand of their resources, and if all merged into one then there will be jealousy from certain countries because obviously not going to be fair.

The only solution is the setting up of two currencies: the official currency and the common currency like the euro.

syaripudin

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If indeed this happens there will certainly be a good side and a bad side. and the good side is that this is such a great freedom of course you will not be bothered with currency exchange when you will visit other countries. but the bad side is of course this will arise problems where developed countries will continue to have a high economic value and the country that the economy is still below will certainly be crushed by an increasingly developed country. I think bitcoin is an answer where we can use it in any country without having to eliminate the fiat that has become a policy in a country. between bitcoin and fiat will go hand in hand.

Proton2233

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Quote from: Xavofat on July 02, 2017, 12:35:04 PM

Using only one currency is absolutely ideal. Then they wouldn't be traded against each other and gain and lose purchasing power all the time.

If you hold Bitcoin and everyone in the world does, then its price represents the value of all economic activity in the world. That makes volatility almost disappear.

Such a world will not work. In each economy there are UPS and downs. They kompensiruet actions of the National Bank. In the case of using bitcoins this is not possible and therefore, some countries can be completely ruined.

Xavofat

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Did you see that ludicrous display last night?

Using only one currency is absolutely ideal. Then they wouldn't be traded against each other and gain and lose purchasing power all the time.

If you hold Bitcoin and everyone in the world does, then its price represents the value of all economic activity in the world. That makes volatility almost disappear.

Idrisu

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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

When ever the whole world decided to use one currency, will be the end of this world as seeing by apostle John in the book of revolution! The world's elites are working hard to achieve that before bitcoin and crypto currencies come and destroyed their plan. It is certain that the days will come when every human being will exchange good and services with one currency. At that time humanity will be united and plan against God and the saints. They are alot of documents to this infect both ofline and online.

lovesybitz

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Quote from: FLoving on June 23, 2017, 06:28:47 PM

Quote from: star citizen on June 22, 2017, 04:34:46 PM

It will be a long road ahead, but when that happens society will achieve a level of freedom and progress never achieved before. But only if the currency maintains the properties that make it decentralized.

I agree with your point as if we will rely on only one coin then we will get more success in that one currency and then we will fully get all of the benefits from that one currency because almost all of the developers will also work for bitcoin currency.

You have a point on this matter, that currency will continually get more increase and I think I think many of us will get rich quickly, because of this coins we can easily get all advantage of having this one currency.

Shutup

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If we used one currency all over the world it is better because its easy to use anywhere we used to go.No need to go to money changer to have cash.But if we have currency only one person will become president or ruler in this worl so that this world will become a one goverment.

rizkyhiw

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Quote from: hurain on June 28, 2017, 12:10:57 PM

Quote from: mostkey on June 28, 2017, 11:09:17 AM

I think if the world has only one currency, it will be a bit chaotic, and the financial system will be irregular, due to different economic factors in each country.
This is not a good idea because it will only disrupt the world

in very beginning it look like difficult, but with the passage of time everything will become ok. although implementation is not is not so easy it s time consuming but we need to take the step and start working and only then it can be possible. otherwise only planning is just to waste the time.

nothing good will happened if the scenario applied ,
one currency indeed will only causing some chaotics ,
it's just like a random idea which should not considered at all as a serious one ,
the world will just turn crazy , and it's impossible to happened i guess.

wilwxk

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There is the possibility of the price of the coin pumps high and who buy the coin in the first days will be rich, but if this coin breaks, hard forked or anything, everyone will lose much money.

NEWGOODOUBLE

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Quote from: mostkey on June 28, 2017, 05:31:20 PM

Quote from: hurain on June 28, 2017, 12:10:57 PM

Quote from: mostkey on June 28, 2017, 11:09:17 AM

I think if the world has only one currency, it will be a bit chaotic, and the financial system will be irregular, due to different economic factors in each country.
This is not a good idea because it will only disrupt the world

in very beginning it look like difficult, but with the passage of time everything will become ok. although implementation is not is not so easy it s time consuming but we need to take the step and start working and only then it can be possible. otherwise only planning is just to waste the time.

It seems that you think too shallow. Not just at the beginning. This will continue, if it can be realized so badly that there will be so much poverty in the world, dikarnakan can not keep up with monetary developments.

I do not know what makes someone want to make the currency into one? If there is only one currency then the balance will be destroyed. Imagine what will happen to the market when there is only one currency?
I think there's no need to think about it. We can use dollars anywhere. Without losing any other currency

GreenBits

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Quote from: South Park on June 28, 2017, 05:22:09 PM

Quote from: HeRetiK on June 27, 2017, 04:46:35 PM

Quote from: South Park on June 27, 2017, 04:38:22 PM

Quote from: bitbunnny on June 25, 2017, 12:59:03 PM

This is something that European union has tried and partialy successeded, to use one currency for all member states. And still there are problems so I don't think it's possible for entire world to use only one currency. Many countries consider currency as part of their sovereignity and something that economy is dependent on so it's hard to abandone that.

The experiment of the euro has been a completely failure in my opinion, they tried to impose a single currency to different nations with different needs and we are seeing the consequences of that terrible mistake, I would not like to live in a country in which politicians are risking the future of the people in order to try to make an experiment work.

Consequences such as....? The Euro has made doing business and banking across borders much easier. Traveling has become much more comfortable without having to exchange money all the time. I don't want to think about how complicated buying Bitcoin would have been without the Euro.

The euro was not needed for that, they could have used the dollar or exchange their own currencies for that, the euro has caused that countries with high debt to be unable to inflate the debt away by printing their currency since they no longer have control over the currency, this means that an economic crisis that could be cut short by taking such measures now seems to be something that is never going to end.

To many trade-offs with a global currency. Developed nations would love it since there would no longer be currency risk in international trade. Nations like China could no longer use currency exchange as a means to make their goods cheaper on the global market. But like the Euro, regional monetary policy would have to take a back seat to global momentary policy, and those that fall behind will stay behind because they can't manipulate their fiat, say, lowering interest rates to lessen the severity of a recession. But places with rampant inflation, is corrupt third world countries, it would be the bees knees. Imagine Zimbabwe on a dollar standard. Or Nigeria.

mostkey

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Quote from: hurain on June 28, 2017, 12:10:57 PM

Quote from: mostkey on June 28, 2017, 11:09:17 AM

I think if the world has only one currency, it will be a bit chaotic, and the financial system will be irregular, due to different economic factors in each country.
This is not a good idea because it will only disrupt the world

in very beginning it look like difficult, but with the passage of time everything will become ok. although implementation is not is not so easy it s time consuming but we need to take the step and start working and only then it can be possible. otherwise only planning is just to waste the time.

It seems that you think too shallow. Not just at the beginning. This will continue, if it can be realized so badly that there will be so much poverty in the world, dikarnakan can not keep up with monetary developments.

South Park

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Quote from: HeRetiK on June 27, 2017, 04:46:35 PM

Quote from: South Park on June 27, 2017, 04:38:22 PM

Quote from: bitbunnny on June 25, 2017, 12:59:03 PM

This is something that European union has tried and partialy successeded, to use one currency for all member states. And still there are problems so I don't think it's possible for entire world to use only one currency. Many countries consider currency as part of their sovereignity and something that economy is dependent on so it's hard to abandone that.

The experiment of the euro has been a completely failure in my opinion, they tried to impose a single currency to different nations with different needs and we are seeing the consequences of that terrible mistake, I would not like to live in a country in which politicians are risking the future of the people in order to try to make an experiment work.

Consequences such as....? The Euro has made doing business and banking across borders much easier. Traveling has become much more comfortable without having to exchange money all the time. I don't want to think about how complicated buying Bitcoin would have been without the Euro.

The euro was not needed for that, they could have used the dollar or exchange their own currencies for that, the euro has caused that countries with high debt to be unable to inflate the debt away by printing their currency since they no longer have control over the currency, this means that an economic crisis that could be cut short by taking such measures now seems to be something that is never going to end.

hurain

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Quote from: mostkey on June 28, 2017, 11:09:17 AM

I think if the world has only one currency, it will be a bit chaotic, and the financial system will be irregular, due to different economic factors in each country.
This is not a good idea because it will only disrupt the world

in very beginning it look like difficult, but with the passage of time everything will become ok. although implementation is not is not so easy it s time consuming but we need to take the step and start working and only then it can be possible. otherwise only planning is just to waste the time.

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