What will happen if we use a one currency only? - page 36.

Mastsetad

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Quote from: Mr.grin on December 18, 2016, 12:35:05 PM

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.

Mr.grin

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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.

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Quote from: nanay777 on December 18, 2016, 03:32:12 AM

A unified currency backed by a unified political power is no way to stabilize it. If you want to have any attributes, then I'm afraid it is datong.
The world is very complex, not only economic activities, human society as well as political, military, cultural, religious...... And so many activities, and different, not all human society problems can be reduced to economic problems. From a purely economic point of view, perhaps a single currency has many benefits, but from the perspective of human society, the single currency is a disaster.

Could you expand more on this?

Not that I'm disagreeing totally with you on this particular point, I just want to hear your substantiated opinion on it. I have no doubts that single currency would be a better option economically, but I don't quite see the logic behind claiming that such a currency per se should necessarily be a disaster for human society (or just bad for it). Personally, I can't come up with anything which could justify this point of view (apart from issues not directly stemming from currency existence as such), but maybe I'm just missing something in the bigger picture

iamTom123

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Then we can have a global problem as what is happening right now with Euro. Euro was supposed to unify the economies of Europe into one single market but right now they are on chaos after they decided to have one currency. Just use Google for the factors why. They are now always on the news as some economies are showing some cracks from time to time.

maydna

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Quote from: bajing on December 18, 2016, 03:53:00 AM

It could happen but there are also disadvantages when it happened, rather the presence of crypto currency has been under government control.

yep its could happen but not for right now, i think bitcoin can be one currency as bitcoin can make united all people in every country. but if this is happen, then the government should not interfere with bitcoin and blockchain technology and they should understand with this so government will stay under radar to watching the bitcoin growth with adopting by many people.

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It could happen but there are also disadvantages when it happened, rather the presence of crypto currency has been under government control.

DrGuns4Hands

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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.

nanay777

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A unified currency backed by a unified political power is no way to stabilize it. If you want to have any attributes, then I'm afraid it is datong.
The world is very complex, not only economic activities, human society as well as political, military, cultural, religious...... And so many activities, and different, not all human society problems can be reduced to economic problems. From a purely economic point of view, perhaps a single currency has many benefits, but from the perspective of human society, the single currency is a disaster.

Huge Black Woman

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Quote from: groll on November 02, 2016, 11:51:01 PM

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

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion. Cheesy

I think if there would be only one currency being used by all nations, the world would be borderless. In the sense that there would be no limitation from one country to another. Goods and services can be bought without any conversion of money. Imagine that? We could pay imported goods without wondering what could be it's equivalent amount in our country if sold. And if ever this thing is possible, i think the value of imported goods doesn't matter anymore.

Hail yeah, that the good thing 'bout crypto. Ya close up the borders an' bring folks together. I ain't got no problem wit that at tall, I thank it's a damn good thing. But you just watch them governments try an throw a monkey wrench inta the sucka'. They'll be screwing everything up in no time.

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Quote from: MMA on December 17, 2016, 07:18:26 PM

Quote from: n691309 on December 17, 2016, 03:50:27 PM

Quote from: ?? on ??

If we use one currency then it means we have one world government or we have not government at all. Then we will have single standards for all. More unification, more efficiency, more transparency - keys to common wealth.
But also every person should have to have opportunity to issue his own assets for exchange.

There are many countries that use the same currency, it doesn't mean that every country has it own currency but there are lots of them that use the same currency and for some of them is good for some not that's why are invented many other currencies, to fits their needs and people earning from trading.

and what is the same currency that people are using. i think bitcoin is the only option with them as bitcoin is more stable reliable and trusted currency ans is also almost present everywhere in the world. therefore to me i think bitcoin will be the best option for them.

There aren't much people like you who thing the same, if someone hears about bitcoin they would call it scam, used by criminals etc etc. So it is not known as a good thing! I don't think that bitcoin is the most stable reliable and trusted currency because the price can be manipulated easily.

MMA

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Quote from: n691309 on December 17, 2016, 03:50:27 PM

Quote from: ?? on ??

If we use one currency then it means we have one world government or we have not government at all. Then we will have single standards for all. More unification, more efficiency, more transparency - keys to common wealth.
But also every person should have to have opportunity to issue his own assets for exchange.

There are many countries that use the same currency, it doesn't mean that every country has it own currency but there are lots of them that use the same currency and for some of them is good for some not that's why are invented many other currencies, to fits their needs and people earning from trading.

and what is the same currency that people are using. i think bitcoin is the only option with them as bitcoin is more stable reliable and trusted currency ans is also almost present everywhere in the world. therefore to me i think bitcoin will be the best option for them.

pnuts2012

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I think thats an bad idea you then limit our cryptocurrency and thATS iNSANE!! ONLY MY OPINION. Peace love crypto.

n691309

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Quote from: ?? on ??

If we use one currency then it means we have one world government or we have not government at all. Then we will have single standards for all. More unification, more efficiency, more transparency - keys to common wealth.
But also every person should have to have opportunity to issue his own assets for exchange.

There are many countries that use the same currency, it doesn't mean that every country has it own currency but there are lots of them that use the same currency and for some of them is good for some not that's why are invented many other currencies, to fits their needs and people earning from trading.

virasisog

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If that happens and if it exist ,We have only one government who manage that currency and the money fluctuations will no longer as this as many currency based on each other conversion ,Come to think about only one currency it is ok but in our world that we grow on this different currencies it is hard to adjust to have only one and its not applicable to every country's government which is a big problem to us.

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Quote from: Bitcoin0916 on December 13, 2016, 09:20:49 PM

It's a good idea, I think it is very good for equitable world economy. the world can be divided into many countries, but with the existence of a single currency then the world will be merged. Prosperity will be easy evenly so there is no world hard.

I think it would be better if each country has its own currency. I'm afraid there will be a scary thing when using one currency only. in fact we also have international currency that can be used in any country

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Quote from: simpler2016 on December 16, 2016, 02:25:54 PM

Quote from: X-ray on December 16, 2016, 07:30:41 AM

Quote from: romero121 on December 15, 2016, 10:44:55 PM

One currency system is not possible other than digital transaction, because each country has its economy based upon currency value. When ever country starts using a single currency the economy of country gets affected based upon the holding of currency. In such instance small countries gets much affected and storing of black money will be easier.

That's right. the wealth country with many natural resource could reserve the big percentage of the money thus they got profit when the value is increased.the rest countries which are poor will only have a little percentage of those money so they will remain to be poor forever. one currency looks good but not possible if this world want to annihilate the poverty

Never this will not happen. Each country has its own currency and it is one of the hallmarks of statehood. I have too much to break the economies of all countries, to introduce a single currency

I do agree on your each country has its own currency and their currency stands for something about their place their history and all about their country. So it has a sentimental value. But lets try to think if there are only one currency then sort of traders/ exchangers of money couldnt earn profits from it because one single money is equivalent to all over the world of its value

hase0278

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If we all use one currency only, it would ease everyday transactions since all of the world uses one currency. We also don't need foreign exchanges and stuff when visiting another country since we can use the currency we have to purchase goods at other countries too and this happening would be a good scene. Even if it were not to happen, I do hope one day there are currencies that are accepted worldwide by many people.

MMA

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Quote from: jvc12 on December 13, 2016, 02:45:16 AM

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.

but to me i think it will not effect the income of the people. it will regulate the economy of the world. it will become easy to trade in any corner of the world, you will never feel the need to convert your currency to any other currency,

simpler2016

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Quote from: X-ray on December 16, 2016, 07:30:41 AM

Quote from: romero121 on December 15, 2016, 10:44:55 PM

One currency system is not possible other than digital transaction, because each country has its economy based upon currency value. When ever country starts using a single currency the economy of country gets affected based upon the holding of currency. In such instance small countries gets much affected and storing of black money will be easier.

That's right. the wealth country with many natural resource could reserve the big percentage of the money thus they got profit when the value is increased.the rest countries which are poor will only have a little percentage of those money so they will remain to be poor forever. one currency looks good but not possible if this world want to annihilate the poverty

Never this will not happen. Each country has its own currency and it is one of the hallmarks of statehood. I have too much to break the economies of all countries, to introduce a single currency

deisik

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Quote from: wxa7115 on December 07, 2016, 03:39:25 PM

A single currency for the whole world will be a mistake since who is going to print that currency? Probably a central bank, but that central bank will need to recognition of all the countries of the world in order to print that currency, and I doubt that we can reach that kind of consensus peacefully.

For that kind of consensus see Bretton Woods

Under the system accepted at the Bretton Woods conference in 1944, the US dollar had been essentially declared as a world reserve currency which exchange rate to gold was fixed. So we had already been there with one global currency, and it didn't end well. Quite naturally, the US printed more dollars that they had gold in their vaults eventually, and the system was officially dismantled in 1971. De facto it ended even earlier in the mid-1960s, after Charles de Gaulle required the Americans to exchange the dollars that French central bank had in abundance into physical gold

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