Governments will not allow it, because each state sets it apart an economy.Different countries have different currencies as the value of the currency reflects to the economy of a country.
I think it will not happen in the last few decades, unless the world is peaceful, or the world is unified.
Topic: What will happen if we use a one currency only? - page 39. (Read 19529 times)
[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.
I don't know if it possible,because using a money where the one printed is a chinese character or not your government issue is a sign that you are under that system,currency is a sign of a country's sovereignty if you are not using your own money but from other government they have control of your economy and of your people..
It's possible if there only exist one country one flag and one system..
[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.
I don't know if it possible,because using a money where the one printed is a chinese character or not your government issue is a sign that you are under that system,currency is a sign of a country's sovereignty if you are not using your own money but from other government they have control of your economy and of your people..
It's possible if there only exist one country one flag and one system..
This is not me speaking my opinion exactly but what Ive read is that the next world currency to take over from US Dollars will be the International Monetary Fund notes or IMF issued Fiat. Again this is a central bank with gold reserves and supported by all the other central banks, the difference here this is not a national bank or tied to one political system.
So IMF currency is truly a global standard, it possibly may be more attractive then it should be because of this. The name of this currency if you want to look further is SDR or special drawing rights and they already exist however they are not circulated by populations but only by other central banks which can hold them and use them for global trade I believe. I dont think companies have access to them yet or the smaller banks not able to issue their own currency. Only the IMF can issue this currency, its a very central standard. Where as gold can mined and traded by anyone, decentralised. Same for bitcoin which draws some comparisons
So IMF currency is truly a global standard, it possibly may be more attractive then it should be because of this. The name of this currency if you want to look further is SDR or special drawing rights and they already exist however they are not circulated by populations but only by other central banks which can hold them and use them for global trade I believe. I dont think companies have access to them yet or the smaller banks not able to issue their own currency. Only the IMF can issue this currency, its a very central standard. Where as gold can mined and traded by anyone, decentralised. Same for bitcoin which draws some comparisons
Quote
In the review conducted in November 2015, the IMF decided that the Renminbi (Chinese yuan) would be added to the basket effective October 1, 2016.[6] From that date, the XDR [SDR] basket now consists of the following five currencies: U.S. dollar 41.73%, Euro 30.93%, Chinese yuan 10.92%, Japanese yen 8.33%, British pound 8.09%
This is not completely acceptable my friend because every nation has their own rules and regulation beyond that nobody will not rescue like that single currency is not all possible to all the nation.In this case government cannot handle how much money is floating in a particular nation and more over lot of allegations will rise. Definitely this will be big task for the governments.
Exactly. Every country has their own leaders and also rules its very impossible to use one currency in whole globe it can affect foreign exchange specially in trading many of us are getting profit in every exchange 
What will happen if we only use one currency? Well, i think every country are equal. It is pointless because if you use for trading, you will get smaller profit because the currency you are using are the same at value. It is not a good idea to use only one currency. It will disastrous to every country. I think its better not to use one currency. It better to do barter change. Trading product in exchange for other product.
Well in my own thoughts i think it can be the same result it is just a currency and i think it is still a value.. we can be still change the different value but the same currency.. depends of the rank of the country. sample if our currency is usd here in my country 1 usd is high and compare we are using it in united state it will be the same as value there.
One currency is a sign that almost all country will be one. .
[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.
I don't think that would be beneficial or even necessary. a country's currency also gives a nation it's own distinction so having one global currency would for me, bring more harm than good. I think the way things are right now for the dollar and other currencies would be the better way than having just one currency as it would be more susceptible to being manipulated by a single government.
This is not completely acceptable my friend because every nation has their own rules and regulation beyond that nobody will not rescue like that single currency is not all possible to all the nation.In this case government cannot handle how much money is floating in a particular nation and more over lot of allegations will rise. Definitely this will be big task for the governments.
I don't think that this idea will work out. For example, if the US Dollar is declared as the sole fiat currency in the world, then the United States can target its rivals by disrupting the money supply to those nations (I am assuming that in such a scenario, only the US will be having the right to print USD banknotes).
[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.
Gold has been the one world currency before (there is always more local money, could be bundles of wheat anything at all) and some think it will be again as its been so time tested over thousands of years and politics generally breaks down anything more transient. People will fight over gold like they do now over any money, some will trade it at a premium and some will gain it more cheaply through effort or just luck.
There is no perfect justice system to money, the only thing that varies is the access to the ability to produce and gain the ability to demand money and exchange goods. When free trade is allowed, it generally makes that society richer and the money just is the communication of that business not the reason for the wealth. So you can say the currency is not relevant, right now dollar has too much influence and interference I would say but who knows if its really as extreme as other times in past regimes. Bitcoin does have utility, it can help create wealth if that was your question. Some think it negative for not having fixed value or physical link but in communication reliability its a positive I hope
[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.
Then I ask you, who controls and distributes this currency? A group of the worlds biggest banks? If thats the case then the world will be worse than it is today because they will manipulate the world's boom and bust cycles by using monetary control. In that world will come a programmer who will use the screen name Satoshi Nakamoto and invent a better type of currency.
Just like banks manipulate fiat currency having bitcoin as the only currency in the world is a dilemma. It will mean one person dominating the whole world financial system and could dictate how financial system works. If that person who has control over all has sympathy to people the it will be advantageous but if he is ruled by greed then it is a mess. We will all suffer and the elites will smile and look down on us.
One person dictating the whole financial system? You dont mean Satoshi dont you? If you really think that then it would be time to step back and learn more about BTC.
[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.
It would be utter chaos. Unless one leader goes with one currency. Otherwise, I don't see how that could possibly be achieved, especially with US and China at total loggerheads.
Also, I don't know why but whenever I read something along the lines of "One world-government, One global currency, One leader" I always think of the bible.
Antichrist much. Sorry. Quote
Revelation 13:16-17 describes some sort of satanic mark which will be required in order to buy and sell. This means anyone who refuses the mark will be unable to buy food, clothing or other necessities of life. No doubt the vast majority of people in the world will succumb to the mark simply to survive. Again, verse 16 makes it clear that this will be a universal system of control where everyone, rich and poor, great and small, will bear the mark on their hand or forehead. There is a great deal of speculation as to how exactly this mark will be affixed, but the technologies that are available right now could accomplish it very easily.
* Could be a chip implanted and all sale of goods/service will be paid for by scanning the chip. Can be done. 
* Sorry guys. It's just what always comes to mind first.
The question makes no sense because anything can be used as a currency, such as beer or rice or gold or litecoin or even toilet paper issued at no cost to the issuers though of course that wouldn't be recommended 
Yes, but the fact is that we don't all use the same currency. I think it would unite the world, and that's a very good thing. Now if only we could preemptively impeach Donald Trump... 
The question makes no sense because anything can be used as a currency, such as beer or rice or gold or litecoin or even toilet paper issued at no cost to the issuers though of course that wouldn't be recommended
Yes, but the fact is that we don't all use the same currency. I think it would unite the world, and that's a very good thing. Now if only we could preemptively impeach Donald Trump... 
it would be a huge destruction of the world if that happends thats why fiat system has been invented for us to use it on trading on our economy.
and if we use bitcoin as our one currency only we could make it more huge price than its today because more investor more price will raise. .
sorry but i think not destruction is possible, if people are going to start using bitcoin and government will accept bitcoin then the price of bitcoin will become so stable, and you will never expect such a big variation in the price of bitcoin, therefore will be a slight variation in the price of bitcoin then just like Gold and other fiat currencies. and if we use bitcoin as our one currency only we could make it more huge price than its today because more investor more price will raise. .
maybe it make the people of the world united just like the community of bitcoin here no one care for anyone country, nationality or any other differences but only have created a community. If all the nations will start only one currency then at least one hostility will be cleared from the world that is to make own currency powerful.
For one side it would be good since no more fluctuations over currencies, but it would cause a mess and panic since people would need to readjust all their prices into a new currencie, and a huge problem would appear, who will manage those currencie and control it, because decentralization worked for bitcoin, but might not work with fiat.
[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.
Using 1 currency would unite the world but the drawbacks could be we still have
people at the top holding all the power. We would have no way to compete with the powers at the top this way it seems.
I think its better we have multiple cryptos but maybe BTC at 70% dominance.
Maybe this is a good idea, where there is only one on top who will make things equal though we are in different country.
This will not be a big deal if everyone will be united with things under bitcoin as long as it is decentralized management.
it would be a huge destruction of the world if that happends thats why fiat system has been invented for us to use it on trading on our economy.
and if we use bitcoin as our one currency only we could make it more huge price than its today because more investor more price will raise. .
and if we use bitcoin as our one currency only we could make it more huge price than its today because more investor more price will raise. .
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