What will happen if we use a one currency only? - page 28.

voltesbit777

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Quote from: dawnasor on November 02, 2016, 09:53:29 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

If that happens it will really sure that most of the bitcoin holders will become rich at once.
And I think where going have one unity in the entire world also.

Emitdama

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Quote from: FLoving on June 23, 2017, 07:28:47 PM

Quote from: star citizen on June 22, 2017, 05:34:46 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.

Now a day developers are getting payment from there customers in bitcoins many people are now aware about bitcoins because the level of Bitcoin right now in these days.1 BTC can change your life.1 Risk can make you billionaire.

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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.

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Quote from: agentx44 on June 25, 2017, 11:16:58 AM

Quote from: dawnasor on November 02, 2016, 09:53:29 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

In my own opinion if we have only one currency we will have no any problem to change our money into other countries money. But this thread has an interesting and good question i only see one situation to answer this question. And that is the growth of a economy of a country.

In the past when currencies were backed by gold this was not a problem either if a currency was backed by certain oz of gold and another for a different number of oz then the exchange rate will be the difference of the oz of gold among the currencies that is why there was no speculation about the price of the currencies like what we have right now.

agentx44

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Quote from: dawnasor on November 02, 2016, 09:53:29 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

In my own opinion if we have only one currency we will have no any problem to change our money into other countries money. But this thread has an interesting and good question i only see one situation to answer this question. And that is the growth of a economy of a country.

Dontme

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If we use only one currency then we can say that every country have the same level of economy. I think we have different currency because the value of every country's currency will show their level of economy.

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Quote from: lovesybitz on June 24, 2017, 07:32:44 PM

Quote from: dawnasor on November 02, 2016, 09:53:29 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

If thats the case, there will be no poorer in each country everybody will become prosper and I think there will going to have one accord to all countries in the entire world.

For sure they will become successful because all people with have unity will have a huge positive effect in the world because if there is unity then it means people will help each other to improve their self and there is no one will get left behind for this movement but if we will based on reality then it is very impossible for the people in the world to use one currency only.

lovesybitz

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Quote from: dawnasor on November 02, 2016, 09:53:29 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

If thats the case, there will be no poorer in each country everybody will become prosper and I think there will going to have one accord to all countries in the entire world.

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Quote from: Taki on June 15, 2017, 09:59:24 AM

Globalization is coming. I think one currency and maybe even one language is the future of humanity. Today we have no idea how will it work and will it work at all, but I'm sure it will happen.

Yes I also think so.

If the currency is only one then there is no longer the name of the country.

And certainly no poor and rich country.

Yakamoto

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Quote from: Cofee.BLUE on June 24, 2017, 05:36:33 PM

Quote from: dawnasor on November 02, 2016, 09:53:29 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

If the usage of one currency for the global currency will occur, it will be a good help because we will only use one currency so there would be no more confusion. But, for that thing to happen, it might be impossible. Because if it will happen, other countries will think that the one who created that currency will be the most powerful country that will be on top of every nation. That will be a great chaos because in our time, each and everyone wants to be on top of each other and no one wants to be just a follower. That is the evidence of being globally competitive. Also, the government lies on their tradition, belief, and the majority decision of their people before implementing such thing. So, the possibility of using one currency for the world is somewhat really impossible right now.

Having a single, global currency, while allowing for everyone to avoid having to deal with exchange rates, it also forces people to be subject to whatever kind of inflation system that they apply on the currency, and a lot of countries would need to print their own money, of that one currency, to continue with most governmental functions. You would need to have a single global government for something like that to work, and that's a really bad idea for its own set of reasons. There is no real need to have a single currency, not worth going through the hassle to implement something like that.

Cofee.BLUE

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Quote from: dawnasor on November 02, 2016, 09:53:29 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

If the usage of one currency for the global currency will occur, it will be a good help because we will only use one currency so there would be no more confusion. But, for that thing to happen, it might be impossible. Because if it will happen, other countries will think that the one who created that currency will be the most powerful country that will be on top of every nation. That will be a great chaos because in our time, each and everyone wants to be on top of each other and no one wants to be just a follower. That is the evidence of being globally competitive. Also, the government lies on their tradition, belief, and the majority decision of their people before implementing such thing. So, the possibility of using one currency for the world is somewhat really impossible right now.

South Park

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Quote from: el kaka22 on June 23, 2017, 06:51:07 PM

Quote from: South Park on June 22, 2017, 04:53:44 PM

Quote from: dawnasor on November 02, 2016, 09:53:29 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 is bad idea, just look what it is happening in the euro zone, countries have different economic realities, some need to increase the supply of money at different rates but since all of them use the same currency then they cannot do it, that is why countries like Greece are going to be indebted forever if they keep themselves on the euro.

When there will be a single currency for all the countries then I guess individual country should not have right to mint money alone. That must be the problem those European countries are facing.
I guess we are slowly moving toward the world of having one single currency. Even governments will not be doing this, people must be making this into reality in coming years.

Governments are going to fight to the end if you think they are going to give their right to print their own currencies, governments are very dependent on being able to print their own currencies for all kind of stuff, if they want to do something without adding a tax that will be unpopular then they will just print the money and get away with.

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Quote from: star citizen on June 22, 2017, 05:34:46 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.

In that situation there would be a bunch of people trying to get Bitcoin while there won’t be enough Bitcoin to go around in Bitcoin Exchanges, that will cause the price of Bitcoin to increase so far it would be pretty sad to have it compared to the price that it is right now. We’ll see.

FLoving

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Quote from: star citizen on June 22, 2017, 05:34:46 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.

el kaka22

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Quote from: South Park on June 22, 2017, 04:53:44 PM

Quote from: dawnasor on November 02, 2016, 09:53:29 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 is bad idea, just look what it is happening in the euro zone, countries have different economic realities, some need to increase the supply of money at different rates but since all of them use the same currency then they cannot do it, that is why countries like Greece are going to be indebted forever if they keep themselves on the euro.

When there will be a single currency for all the countries then I guess individual country should not have right to mint money alone. That must be the problem those European countries are facing.
I guess we are slowly moving toward the world of having one single currency. Even governments will not be doing this, people must be making this into reality in coming years.

South Park

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Quote from: Vikingr on June 22, 2017, 07:33:09 PM

Quote from: South Park on June 22, 2017, 04:53:44 PM

Quote from: dawnasor on November 02, 2016, 09:53:29 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 is bad idea, just look what it is happening in the euro zone, countries have different economic realities, some need to increase the supply of money at different rates but since all of them use the same currency then they cannot do it, that is why countries like Greece are going to be indebted forever if they keep themselves on the euro.

I think if we rely on a single currency which will be totally decentralized and which will not have a single country are authority and as a national power of that currency then all of the countries of the world will feel fair in using that single currency.

The problem is this is impossible, many people in the world live with very low salaries, so they cannot pay internet or a smart phone, so they cannot use cryptocurrencies so they will have to rely on cash for that and the only entities at the moment emitting cash are central banks so I don’t see how that is a viable solution until technology becomes dirt cheap.

Vikingr

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Quote from: South Park on June 22, 2017, 04:53:44 PM

Quote from: dawnasor on November 02, 2016, 09:53:29 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 is bad idea, just look what it is happening in the euro zone, countries have different economic realities, some need to increase the supply of money at different rates but since all of them use the same currency then they cannot do it, that is why countries like Greece are going to be indebted forever if they keep themselves on the euro.

I think if we rely on a single currency which will be totally decentralized and which will not have a single country are authority and as a national power of that currency then all of the countries of the world will feel fair in using that single currency.

star citizen

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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.

South Park

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Quote from: dawnasor on November 02, 2016, 09:53:29 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 is bad idea, just look what it is happening in the euro zone, countries have different economic realities, some need to increase the supply of money at different rates but since all of them use the same currency then they cannot do it, that is why countries like Greece are going to be indebted forever if they keep themselves on the euro.

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Quote from: RedX on June 20, 2017, 09:59:34 PM

Quote from: crazycatwoman03 on June 20, 2017, 09:36:27 AM

We all know that currencies represents their designated countries. For example is US dollars for America, Yen for Japan, Euro for European countries, Baht for Thailand and etc. if we are going to use a single currency for all the countries in the world. Money exchange or money conversion will not be needed anymore. Using a single currency would be less hassle in buying, selling, paying or for any money transactions done online.

It will be beneficial but I also think that if this will ever happen in the future, there would be many talks, meetings and things needed to be done before the implementation or application.

Maybe crypto currency like bitcoin has a big chance to be the only currency that will remain in the future. Bitcoin’s characteristics are best suited for online transactions but just like what I have said. There are many things needed to be done before something like that happens.

Investors and people with large businessess will not let this happen. They will unite to sustain their selfishness and greediness. They are the ones who take advantage of multicurrencies and many of them hold half of the worlds businessess. So that means it's impossible

I can't agree with this view

It is in fact these big-time investors and owners of large business and multinational corporations who are going to profit most from the world currency. It seems to be sort of consensus here that such a currency would make the rich even richer while the poor even poorer. And the rich are these dudes precisely. Really, if you own a business like Apple which has global presence, local currencies are a hindrance to your worldwide operations. With one currency, it will be a lot easier for these corporations to steal the wealth of nations

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