What will happen if we use a one currency only? - page 8.

n691309

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Quote from: betMaster on October 02, 2017, 12:49:23 PM

Quote from: Sabar90 on September 10, 2017, 11:54:25 AM

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 .

In a case where the government has one single account which is being used for holding and transferring into other sectors right ?

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.

djselery

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Thats not possible unless all the world become united under global government, which is a bit magical idea. There is hundreds of countries using a lot of fiat currencies and that's natural, also there is so many crypto currencies nowadays and people trade many of them.
People are different, that's their nature, and we cant force people to use just one currency.

betMaster

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Quote from: Sabar90 on September 10, 2017, 11:54:25 AM

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 .

henmark

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Quote from: Razick on September 25, 2017, 02:16:03 AM

Quote from: Shutup on September 24, 2017, 01:37:53 AM

Quote from: Sabar90 on September 10, 2017, 11:54:25 AM

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

It is better when we have one currency to all the world because all is going easy and quick process of all transaction especially for paying bills.Because no need to go to the money changer.Also all transact must be done all in computer and any kind of electronics processing.Its very easy to use,Thats why they are implementing BoiChips for the world processing and a one world goverment for one authority and power.

You are right about it being better, but the truth is it will never happen. There are always going to be multiple currencies and we need to accept this fact.

With that said, it is possible there could be one universal cryptocurrency from which all others trade/rely on such as Bitcoin or Ethereum. You can trade any coin/token using that "parent" one.

You have rightly said and I will support your argument. This is something near to impossible to happen. I don’t think so that this thing will ever happen. Almost every country is using its own currency and there seems no reason to leave behind your own currency just for the sake of some other currency.

Daimon88

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Quote from: krigger on September 23, 2017, 08:14:44 PM

Will never happen. It is always possible to create new cryptocurrencies. There will always be new ones coming out all of the time.

There is nothing which is impossible. We never know what will happen in the future and I am in favor of this thing that there should be only one currency all over the globe. This will no doubt be very much profitable for all of us. We’ll be having no worries to trade across the borders.

munareal

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This will not be beneficial to all parties as some will gain more that the others. The monetary policies will be uniform that means interest rates will be the same and countries that are in recession will suffer more economic hardship that those that are booming.

Kp4everK

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I think that nothing will happen if all over the world will use only one currency. The rich will have more money, and the poor have less, because no action will be taken, but simply replace the currency.

rocketbits

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Quote from: Beparanf on September 21, 2017, 09:12:14 AM

Quote from: zarados on September 21, 2017, 08:53:34 AM

Well as long as its just 'if', there will be an economic chaos in the world. Because each country should have a different value, status, culture and etc. So its impossible to happen. Except, maybe the whole country have their own cryptocurrency as a replacement of its currency. Its still have different value but have same type.

it will be hard to have a same coin,maybe in type it can possible but it will depend on many area,such as the economic growth, the status of the Country ans acceptance and a lot more.

You have rightly said. There will be so many factors on which this thing will depend on. But if this thing happens, I think this will be the best thing for the good of all the citizens living in that country.

It will help you in doing trade quite comfortably as well as you will be having no worries of keeping so many currencies at the same time.

Kakawate

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If we are to have only one currency I think countries would be closer to equality, the pay would be in same currency baseline and I think poverty will be greatly lessen if not solved. The problem of exchanging money to different currencies would be no more and life would be a be better I think.

Sled

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Quote from: Dewao on September 25, 2017, 02:56:34 AM

Quote from: keso003 on September 24, 2017, 12:39:52 AM

that will never happen , but if it happen it means all nation will be unified by one currency through up and downs ... if it goes down all will be affected by that certain changes

I don't imagine that we can use in one currency, we have a different country so we also need a different currency, but you said " what if , there is no overseas workers , because the value of money is the same in the country their living.

If we are going to use one currency only then there is no higher type of people in the world because we will have an equal type of money and we can't underestimate the other people because of the value of their money and if we are going to depend in one currency then it is automatic that we will have a balance world because one currency means one nation.

Dewao

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Quote from: keso003 on September 24, 2017, 12:39:52 AM

that will never happen , but if it happen it means all nation will be unified by one currency through up and downs ... if it goes down all will be affected by that certain changes

I don't imagine that we can use in one currency, we have a different country so we also need a different currency, but you said " what if , there is no overseas workers , because the value of money is the same in the country their living.

Bondho Kompeni

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I think this is impossible, of course the country has a desire to be able to control the full financial, if the world 1 currency then there will be chaos, certain countries easily destroy the economy of other countries, I think every country or region better have its own currency and there is an alternative currency for transactions.

Razick

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Quote from: Shutup on September 24, 2017, 01:37:53 AM

Quote from: Sabar90 on September 10, 2017, 11:54:25 AM

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

It is better when we have one currency to all the world because all is going easy and quick process of all transaction especially for paying bills.Because no need to go to the money changer.Also all transact must be done all in computer and any kind of electronics processing.Its very easy to use,Thats why they are implementing BoiChips for the world processing and a one world goverment for one authority and power.

You are right about it being better, but the truth is it will never happen. There are always going to be multiple currencies and we need to accept this fact.

With that said, it is possible there could be one universal cryptocurrency from which all others trade/rely on such as Bitcoin or Ethereum. You can trade any coin/token using that "parent" one.

mozillaspez

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Quote from: danim1130 on September 23, 2017, 12:25:28 PM

for sure the government will just manipulate the price of it though the people will be unite and will make more understanding to each other but the point here is the government they will absolutely do whatever they want for sure.

There is a huge relationship between government and bitcoin because governments are looking bitcoin activities on daily based because many countries allowing bitcoin as payment method so what do you think more.

buxlover

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Before Indonesia can proceed to do the corruption there should be unification of the single currency and which is impossible to happen in the first place. Why any country would go behind that chaos of making one single currency of world. This will imbalance the prices of goods and services, every country will have same economy which just seems impossible to happen. Because it may be just not possible to have many kings of single kingdom! The money is power and the one who holds most of the value is the powerful in the world. That will be imbalanced and before that happens we will face world war over the currency. So I don't think it's much bothering thing to think of single currency in the world.

Shutup

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Quote from: Sabar90 on September 10, 2017, 11:54:25 AM

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

It is better when we have one currency to all the world because all is going easy and quick process of all transaction especially for paying bills.Because no need to go to the money changer.Also all transact must be done all in computer and any kind of electronics processing.Its very easy to use,Thats why they are implementing BoiChips for the world processing and a one world goverment for one authority and power.

keso003

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that will never happen , but if it happen it means all nation will be unified by one currency through up and downs ... if it goes down all will be affected by that certain changes

bubblebit

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I would like to suggest to Op used bitcoin instead of US dollars. When I've read it the first thing that have worried me is china, do they agree with it? We all know currencies is a pride of one nation and if that country is taken such privileged or own identity as independent body it would not last a month. War will eventually occurred. I hope it just a mere suggestion and won't happen in reality.

50ouncebrew

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I don't think we will ever use one currency, but Bitcoin will be the world's reserve currency and there will be other digital currencies from countries and govts that base their price off of BTCs.

anklas

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Quote from: Sabar90 on September 10, 2017, 11:54:25 AM

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

If we will use one currency only there would be uniformity to all the countries in the world. No more distinction of rich and poor country because all equal and no more discrimination. All transactions would be simple and easy to do.

Topic: What will happen if we use a one currency only? - page 8. (Read 4532 times)