What will happen if we use a one currency only? - page 44.

Blitzboy

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Quote from: dawnasor on November 02, 2016, 08:53:29 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

If there is only one currency in the world, humankind on this planet will unite as one. There will be only one government, one country, one nation. And because of that, it will be easier for developing the Earth. And i think within a century, humankind can be able to explore and study universe which is far far away from Earth. We can find new species

Harlot

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I don't know but what will the value of that one currency be based on? Having only one currency will make all the countries be affected economically as one country collapse the value of it will follow. Also having that kind of system will allow the inevitable for counterfeiters to do business as it only has one target. Different countries have different currencies as the value of the currency reflects to the economy of a country.

Kprawn

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The World economy will collapse... We have seen what has happened with the Euro {Struggling countries} The world economy are being

manipulated by their governments... They print money to solve their problems, but instead of solving the real problems... they just delay

it further... At some stage, all of this has to collapse... One currency will not solve the problem, if it was based on the fiat model. Roll Eyes

Barbut

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I think this can unite all world. Now with so many currencies we have to many manipulations, companies are making ( stealing ) billions of dollars each year cause of different rates.
We actually don't know how banks are operating, different investment companies that earn money in this economy chaos.
I believe bitcoin can make some order in the world economy, who knows will that happen, I don't think current establishment will just let bitcoin to overtake world economy.

serje

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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.

Ai7xpressTV

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Governments will not allow it, because each state sets it apart an economy

yayayo

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Quote from: dawnasor on November 02, 2016, 08:53:29 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 the overall effect on the world economy will be positive, because international trade is greatly facilitated - especially if all nations use a easily transferable and decentralized currency like Bitcoin. There will be significant differences regarding the extent to that specific countries will profit from a one world currency.

In general, competition will increase, because market access is facilitated for all countries. This most likely will result in lower prices for many products and services. The countries that will be able to produce cheaply will see the most positive impacts - regardless if cheap production is achieved via automation or low labor costs. In my view, developing countries might profit the most from Bitcoin as a one world currency, because labor costs tend to be low and many smaller businesses in these countries will have improved possibilities to offer their products on the international marketplace.

ya.ya.yo!

Aamir1

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I wonder how all countries would be able to use just one currency if it is about fiat, because the government of every country has control on the money or on the economic system of that country so if the currency is the same for all the countries, who will be controlling it? Wont that become a reason for fights or wars between states?

snipie

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Using a single currency will be a disaster if we talk only about Fiat because how could anyone supervise it, i mean a country could print an extra amount so...
But if you talk about cryptocurrencies including bitcoin then yea it is a good idea.
Aren't we using the same money (BTC) while we are from different countries? Wink

hasiramasenju

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Quote from: dawnasor on November 02, 2016, 08:53:29 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

there will be a huge chaos if this is really happened because regulation and situations of economic for each countries is very different and some people could destroy the economy of particular country and there is a country will too dominant rather than other countries and basically you were asking impossible question

funkenstein

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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

dawnasor

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[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

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