If there will be a global currency the first who will be affected by this are the people who have an exchange business. They will lost their income and jobs if this will happen. But for me I think it is favoeable because you don't need to exchange it when you go to different countries.
there would be a positive and negative thing when this happens, but I think there will be a lot more negative effects that will be caused. think about the positive effects that are generated when using one currency only maybe you do not need to do the conversion again, but there are a lot of negativ effects that can not be mentioned when this happens
Topic: What will happen if we use a one currency only? - page 35. (Read 19496 times)
If there will be a global currency the first who will be affected by this are the people who have an exchange business. They will lost their income and jobs if this will happen. But for me I think it is favoeable because you don't need to exchange it when you go to different countries.
there would be a positive and negative thing when this happens, but I think there will be a lot more negative effects that will be caused. think about the positive effects that are generated when using one currency only maybe you do not need to do the conversion again, but there are a lot of negativ effects that can not be mentioned when this happens 
If there will be a global currency the first who will be affected by this are the people who have an exchange business. They will lost their income and jobs if this will happen. But for me I think it is favoeable because you don't need to exchange it when you go to different countries.
Those exchangers could make a service to exchange real fiat money to digital account balance such as perfect money, paypal , or similiar. the exchanging business is not going to be closed, there many thing in this world that can be exchanged by fiat and not only to another currency but also digital balance which not everyone have
If there will be a global currency the first who will be affected by this are the people who have an exchange business. They will lost their income and jobs if this will happen. But for me I think it is favoeable because you don't need to exchange it when you go to different countries.
Those exchangers could make a service to exchange real fiat money to digital account balance such as perfect money, paypal , or similiar. the exchanging business is not going to be closed, there many thing in this world that can be exchanged by fiat and not only to another currency but also digital balance which not everyone have If that will happen a lot of people will be fucked.
Let's pretend for a second that this is happening.
The biggest and powerful country will want to have the lead.
By the lead I mean she will try to approximate the value of the coin we all use.
1.00000000 coin everyone use is 100 USD.
One person who is working in the country I mentioned get a paycheck of 50.00000000 coins
One person who is working in the weakest country on the same position will get 5.00000000 coins
And now comes the best part.
prices for bread in the fist country 0.00500000 coins
and guess what the price will be for bread in the weakest country? 0.00520000 coins
This scenario is inspired by real life salary and prices, the only difference is that everyone will know it for sure as a lot of people are not good at conversions and if they are they don't care about prices in other countries.
Why a lot of people will be f*cked? I didn't see the point, just thinking about the positive possibility.Let's pretend for a second that this is happening.
The biggest and powerful country will want to have the lead.
By the lead I mean she will try to approximate the value of the coin we all use.
1.00000000 coin everyone use is 100 USD.
One person who is working in the country I mentioned get a paycheck of 50.00000000 coins
One person who is working in the weakest country on the same position will get 5.00000000 coins
And now comes the best part.
prices for bread in the fist country 0.00500000 coins
and guess what the price will be for bread in the weakest country? 0.00520000 coins
This scenario is inspired by real life salary and prices, the only difference is that everyone will know it for sure as a lot of people are not good at conversions and if they are they don't care about prices in other countries.
One currency for the whole world in every corner of the country, it would be great situation and we should have strong stable currency.
Nobody need to convert the money, it spendable wherever you go.
But, the currency need to decentralized so there is no any country control or posses it, equal before the 'money'
1.This must be possible only after the Third World War. Without a unified political system there would be no unified currency. Money is a country's credit guarantee, so must have the support of the military, there is no strong military force, you can not even the internationalization of domestic currency.
2.Exchange rate behind the existence of a return on capital, if the return on capital is the same, there is no difference, no longer necessary capital flows, exchange rates disappear, the world datong.
2.Exchange rate behind the existence of a return on capital, if the return on capital is the same, there is no difference, no longer necessary capital flows, exchange rates disappear, the world datong.
I think it will be dangerous. Because it's easy to manipulate and monopolize by the "invisible hand" to make some countries get stronger or down.
Just remember how USA can make an affect to another countries with their economic policy.
Just remember how USA can make an affect to another countries with their economic policy.
Yeah, if that happen. It will lead to economical imbalance in each and every country. Digital currency or fiat, we need multiple currencies for every country to categorise the country's power, wealth and economical status.
As quoted single currency makes a worse situation among the small countries which were already into economic fall. Always better for the grown countries and when it comes to growing country only very few overcome those issues and remain gets suffered in the middle.
I think it will be dangerous. Because it's easy to manipulate and monopolize by the "invisible hand" to make some countries get stronger or down.
Just remember how USA can make an affect to another countries with their economic policy.
Just remember how USA can make an affect to another countries with their economic policy.
Yeah, if that happen. It will lead to economical imbalance in each and every country. Digital currency or fiat, we need multiple currencies for every country to categorise the country's power, wealth and economical status.
As quoted single currency makes a worse situation among the small countries which were already into economic fall. Always better for the grown countries and when it comes to growing country only very few overcome those issues and remain gets suffered in the middle.
I think it will be dangerous. Because it's easy to manipulate and monopolize by the "invisible hand" to make some countries get stronger or down.
Just remember how USA can make an affect to another countries with their economic policy.
Just remember how USA can make an affect to another countries with their economic policy.
Yeah, if that happen. It will lead to economical imbalance in each and every country. Digital currency or fiat, we need multiple currencies for every country to categorise the country's power, wealth and economical status.
I think it will be dangerous. Because it's easy to manipulate and monopolize by the "invisible hand" to make some countries get stronger or down.
Just remember how USA can make an affect to another countries with their economic policy.
Just remember how USA can make an affect to another countries with their economic policy.
Yeah, if that happen. It will lead to economical imbalance in each and every country. Digital currency or fiat, we need multiple currencies for every country to categorise the country's power, wealth and economical status.
I think it will be dangerous. Because it's easy to manipulate and monopolize by the "invisible hand" to make some countries get stronger or down.
Just remember how USA can make an affect to another countries with their economic policy.
Just remember how USA can make an affect to another countries with their economic policy.
If there will be a global currency the first who will be affected by this are the people who have an exchange business. They will lost their income and jobs if this will happen. But for me I think it is favoeable because you don't need to exchange it when you go to different countries.
I don't think those exchange business will lost income because of that adjustment they will just going to think of some other ways that their business will keep on running.
And they will make some changes and upgrades if it happened, maybe they are already thinking about this possibility if this happens.
Or else they don't believe or think that this is possible to happen.
If there will be a global currency the first who will be affected by this are the people who have an exchange business. They will lost their income and jobs if this will happen. But for me I think it is favoeable because you don't need to exchange it when you go to different countries.
If the whole world uses one currency than all country will be equal, the economy is controlled by who owns the international currency in this case the united states , if we all use international currency than the smaller and poorer countries people won't have to pay a lot of taxes .
One currency will lead to one government for entire world. Maybe bitcoin may pave the path for that.
One currency will lead to one government for entire world. Maybe bitcoin may pave the path for that.
I don't think the world is ready for Bitcoin yet. There are a lot of places where they banned Bitcoin. I believe they are closed minded about it and just doesn't want to adapt to the new age. I hope it comes to that in the future. I just hope that Bitcoin would be a currency that would be used by everyone.
If the whole world uses one currency than all country will be equal, the economy is controlled by who owns the international currency in this case the united states , if we all use international currency than the smaller and poorer countries people won't have to pay a lot of taxes .
One currency will lead to one government for entire world. Maybe bitcoin may pave the path for that.
One currency will lead to one government for entire world. Maybe bitcoin may pave the path for that.
I see that happening but not close to soon though because its a gradual process,we have a language that is dominating other languages gradually, then finacial systems are synchronising transactions, we have accounting standards that is applicable across countries among other things. It wont be far before we get to a currency that will be adopted and Bitcoin might provide that since its not started by a particular country to the best of my understand for world leaders to be clouded by ego...
If the whole world uses one currency than all country will be equal, the economy is controlled by who owns the international currency in this case the united states , if we all use international currency than the smaller and poorer countries people won't have to pay a lot of taxes .
One currency will lead to one government for entire world. Maybe bitcoin may pave the path for that.
One currency will lead to one government for entire world. Maybe bitcoin may pave the path for that.
well if we all down to using one currency well it will be good there will be easy transactions any were you go but in that case it also has it own disadvantage cause there will be no room for currency trading again so the means of getting money will be very difficult it will be only for the few to get money.
I honestly think it will not be good for the world due to the fact it will for some countries destroy their wealth and also their whole economy, it would not be smart at all.
I think the currency will have a cheap price. but, it probably will facilitate the transaction process worldwide. everyone could buy goods at low prices. but, it may be difficult, because each country has its own language, economic systems, and different resources, so, should more than one type of currency used.
Exactly, people from different countries having different languages and resources would probably not like using the same currency used all over the world, maybe most of the people in the world wont agree on this, no matter what we think but we cannot forget that the amount of people outside the world of crypto are way greater than us.
I think the currency will have a cheap price. but, it probably will facilitate the transaction process worldwide. everyone could buy goods at low prices. but, it may be difficult, because each country has its own language, economic systems, and different resources, so, should more than one type of currency used.
Exactly, people from different countries having different languages and resources would probably not like using the same currency used all over the world, maybe most of the people in the world wont agree on this, no matter what we think but we cannot forget that the amount of people outside the world of crypto are way greater than us.
When money talks, no one cares what kind of grammar it uses
If the one world currency is not forced by some rogue government (I daresay that all governments are rogue to a degree) but established in free competition, I think the majority of people will be happy to use it, since it will be the best that they have seen so far. Indeed, you will always a group of people who would disagree to anything, just for the sake of disagreeing as such, but, as to me, it would be perfectly legitimate and rightful to disagree with their disagreement as well ("when in Rome, do as the Romans do")
it will turndown our economy. we need different currency for us to have a trading on our market we are importing and exporting product to keep the economy cycle remember that without economy theres no improvement that happen in our society thats why we need different currency and usd is the primary currency all over the world.
The problem is that in the case of fiat currency, this would lead to centralization, as there would be governments that would try to dominate the currency, making financial decisions that would only favor their countries. In the case of a decentralized crypto, it might work. The main obstacle would be to convince the population about the importance of this, clarifying why this currency would be better than fiat currency. Jump to: