Topic: What will happen if we use a one currency only? - page 6. (Read 4532 times)
Yes, this is the reason why every country has a different currency, the currency in one country is not answered and problem by other country if one of its citizens make an illegal, its hard if you use only one currency but its eqsy because if you travel to other places, its not hard to exchange for the money that the country accepts
Its like were having one language at the same time. We can transact money internationally and send abroad. We could use it as a access pass in other countries.
One currency throughout the world is possible but not beneficial for all countries.
like everything has pros and cons
Let's talk about pros.
1. Easier to do trade between countries for eg. in Europe only one currency Euro throughout, Trade Loc between all countries.
2. Only one central bank who bear responsibility to rules and regulations.
cons
1. maybe country can take advantages on one world currency like if US dollar be the one than USA has more advantage and independent in terms of others
countries.
like everything has pros and cons
Let's talk about pros.
1. Easier to do trade between countries for eg. in Europe only one currency Euro throughout, Trade Loc between all countries.
2. Only one central bank who bear responsibility to rules and regulations.
cons
1. maybe country can take advantages on one world currency like if US dollar be the one than USA has more advantage and independent in terms of others
countries.
The Central Bank would surely be the most powerful organization and the one who is sitting would surely have the power to manipulate the entire market which the governemtns would not allow since it will weaken thwir power to exercise the rule of law in its jurisdiction. The world needs different currency in each country and a universal currency which is Bitcoin.
that will be a huge problem for us and one of those that surely will happen is destabilization. Since we will live in a world where one currency is only accepted, i think most commodities will become unstable to the point everyday it changes prices.
Probably it could be happen since bitcoin price is very vulnerable for changes in the market and it could affect the entire community. If it happens that we are using a single currency, probably it could create trouble along with the consumers/users versus the investors. And I believe that government will never support this.
It could be so dificult to use one currency.If this happens maybe all our transactions would be going thru the computer.But this is really hard and need to be studied and do some wide research as much as possible.This could create a disaster if this is happening.
that will be a huge problem for us and one of those that surely will happen is destabilization. Since we will live in a world where one currency is only accepted, i think most commodities will become unstable to the point everyday it changes prices.
Probably it could be happen since bitcoin price is very vulnerable for changes in the market and it could affect the entire community. If it happens that we are using a single currency, probably it could create trouble along with the consumers/users versus the investors. And I believe that government will never support this.
for example if we use the dollar it will certainly be bad news to see the habits of the corruptors in Indonesia, they will never do small corruption. What if they later corrupted $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases. that is if we use only one currency, for example the dollar currency
Going toward using bitcoin only will be a great step in the fight against corruption and bribing specially . There will be no more money to be given in cash secretly to a certain person that fills a high governmental place and such calamities will be traceable and could be used as an evidence in court to sue people for their crimes . I am still trying to wrap my head around the possibilities of that, considering securities of the fund, who manages the account and how honest the body is, and even if they monitor the disbursement of fund from one party to the other using the transaction hash, until how many tree will they successfully do that ?
Probably someone with a better perspective can help out in this situation.
i think everything will just fine and nothing happen as long as all people in the world is agree for only using one currency. but I don't think this will work because there are too many country that want to use their own currency like today and every country want to make contribution for this world. beside that, the living cost in every country is different and how we can exchange it or buy something that has imported from the other country with high price? the poor country can not buy that product because they don't have money to buy.
Bitcoin is the best example for that, As bitcoin is a universal and decentralized currency and we are using it throughout the world equally, I think this is really a very good feeling that if you want to purchase something abroad and you can pay them online in a friction of time without changing any currency into their local currency, and we can hope that in future we will be really using a single currency. The idea of us globally using one currency is great however with that would come a whole list of other problems. The rich would get richer and the poor poorer. Any form of trading would end.
I do not think that it will happens since from the start there are always so many kind of currency. And if only this happens, many people trying to change everything they have just to get that currency will make this world turn into chaos. Let say there would be bitcoin in this world, where can people start to earn money when there is no one hold the coin and there is no bank too thst provide this kind of service here
I think it will be better, however, it is not a simple as we think. It will bring effects and consequences which is beyond on our expectation. Having one currency only for global, it has no correlation to the corruption. Corruption has been exist since many years ago and it probably will never end. It is not caused by having one currency only.
There are good and bad for this it will cause corruption, governments wants to be on top they want to gain power and to get some taxes that why i have the civilization now a days. hope for the next 10 years it would be different.
I don't see it as competition honestly. Governements people care about their national currency. It is important they can support it. For international trade i see bitcoin being the main currency. Especially f.e. If the monetary fund will support it.
There are good and bad for this it will cause corruption, governments wants to be on top they want to gain power and to get some taxes that why i have the civilization now a days. hope for the next 10 years it would be different.
Civilizations are formed from the interests of various countries and agree on their respective sovereignty, if they impose a single currency then there will be a big problem because there must be a step intervention against the currency, In this case if bitcoin applies as single currency, then it will be more problem great because the state can not make majority arrangements.
The perspective of the existance of only one coin fist if all it hits the cuktural wall. Secondary it would be only one country or non, so it's imposuble such thing. Related to the corruption, there willl always be an interest for valuebal money/assets.
i think everything will just fine and nothing happen as long as all people in the world is agree for only using one currency. but I don't think this will work because there are too many country that want to use their own currency like today and every country want to make contribution for this world. beside that, the living cost in every country is different and how we can exchange it or buy something that has imported from the other country with high price? the poor country can not buy that product because they don't have money to buy.
Using one currency only will be like a reset button for the world and it needs a lot of agreement from different countries in order to make it happen because if they will not become united then it is impossible for them to have a one world currency only policy. In reality and basing on the things right now, i can say that it is not worth it to wish for that because it is like a fantasy that will never happen. 
i think everything will just fine and nothing happen as long as all people in the world is agree for only using one currency. but I don't think this will work because there are too many country that want to use their own currency like today and every country want to make contribution for this world. beside that, the living cost in every country is different and how we can exchange it or buy something that has imported from the other country with high price? the poor country can not buy that product because they don't have money to buy.
that will be a huge problem for us and one of those that surely will happen is destabilization. Since we will live in a world where one currency is only accepted, i think most commodities will become unstable to the point everyday it changes prices.
I do not think that one use of one currency in the world will lead to a change in the prices of goods, rather the contrary, prices will become more stable as there will be no competition between currencies.
for example if we use the dollar it will certainly be bad news to see the habits of the corruptors in Indonesia, they will never do small corruption. What if they later corrupted $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases. that is if we use only one currency, for example the dollar currency
I think corruption is a different topic when we talk about having bitcoin as our international currency. In my opinion, having bitcoin as our worlds currency would open more opportunities not only to the first world countries but even to the third world countries or as we can say, the poorest of the poorest.
for example if we use the dollar it will certainly be bad news to see the habits of the corruptors in Indonesia, they will never do small corruption. What if they later corrupted $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases. that is if we use only one currency, for example the dollar currency
I think if we use only one currency the overseas workers will not need to work on abroad. The high possiton at the certain company will high payment. Maybe no more currency trading because of only one currency. Thats for me. But I dont know the effect about world economics.
for example if we use the dollar it will certainly be bad news to see the habits of the corruptors in Indonesia, they will never do small corruption. What if they later corrupted $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases. that is if we use only one currency, for example the dollar currency
Good idea but i think it will never happen . but if we use only one currency it's a good to remove corruption in all of country so i hope someday one currency in all country will become approve. 
Jump to: