Topic: what will happens if everyone has own currency, doesn't a bad for Economics ? - page 10. (Read 20735 times)
February 04, 2019, 11:21:17 AM
everyone who has a coin is a bad thing because it has no selling value and it is difficult to make people believe it can be traded on the market.
February 04, 2019, 11:06:22 AM
Personal cryptocurrency for everyone is a great idea! This will mark a new era in the economy. This will be a natural exchange on a new spiral of progress. Technically, everything is ready. It remains to create standards, institutions, Infrastructure that will provide the solvency function of any currency, which is supported by labor, talent and creativity of the issuing person.
If everyone is having their own cryptocurrency how do you trade. It is not progress instead it will stagnate the entire economy. 
If there is only bitcoin in this market and everyone is focusing in developing it, it would have outgrown everything by now and the idea of mass adoption in a short time would have achieved. Instead we have thousands of tokens and coins in the market and anyone trying to understand the market will get confused on where to start.
February 04, 2019, 08:28:28 AM
Personal cryptocurrency for everyone is a great idea! This will mark a new era in the economy. This will be a natural exchange on a new spiral of progress. Technically, everything is ready. It remains to create standards, institutions, Infrastructure that will provide the solvency function of any currency, which is supported by labor, talent and creativity of the issuing person.
Personal cryptocurrency for all is a waste of time and effort. Almost all of them will be useless signs that no one will need. Well, you exchange them with your friends and acquaintances, and then what? You will simply know that you have a cryptocurrency. And you will use the same means of payment that everyone uses and who are in demand.Its possible but only for personal use or for decoration/souvenir only because its not legal if you csn create your own currency without the approval of higher authority .
but let say it can happen in real life , i guess that can only cause too much confusion because every single person has a different kind of currency that they will use for buying and exchanging .
February 04, 2019, 08:14:46 AM
that really bad and wont work , everyone will think their cryptocurrency is the best and will not currency at all cant imagine if that really happens
February 03, 2019, 11:40:09 PM
Personal cryptocurrency for everyone is a great idea! This will mark a new era in the economy. This will be a natural exchange on a new spiral of progress. Technically, everything is ready. It remains to create standards, institutions, Infrastructure that will provide the solvency function of any currency, which is supported by labor, talent and creativity of the issuing person.
Personal cryptocurrency for all is a waste of time and effort. Almost all of them will be useless signs that no one will need. Well, you exchange them with your friends and acquaintances, and then what? You will simply know that you have a cryptocurrency. And you will use the same means of payment that everyone uses and who are in demand. February 03, 2019, 09:47:58 PM
The era of blockchain has given many people to make their own currency with different visions from the Artificial intelligence, personal data, finance etc. as we know the traditional currency is very influential in society & supports economic activity around a worldwide. wel, if everyone has their own currency doesnt this is will make everyone no longer motivated to work and will be to waste more time in front of computer. so, what do you think?
No, if each of us begins to create our own cryptocurrency, it will not be for her and people to benefit. So much cryptocurrency, we definitely do not need. We need not just a cryptocurrency, but a functional cryptocurrency, so that by its existence it would solve certain useful tasks. If everyone creates just a new type of means of payment, nobody will need such money, they will be dead, since no one will use it. 
February 03, 2019, 09:01:50 PM
99% of all the alt coins and ethereum tokens have zero real world value and the sole purpose of these new ICO's is to make their developers filthy rich overnight. The utility of these coins is very limited or non-existent and after a quick pump & dump scheme they fizzle out and die. Nowadays anyone could just flip a switch and launch a crypto asset for the most ridiculous reason ever with minimal expenses. Does it help the economy? No. It helps to enrich a certain group of people 
I disagree with you. The new coins and tokens are backed by the business projects. Some of these projects are useful, others are useless. The point is the teams can easily conduct ICO and receive investments for their promising project. Then they will be able to develop and evolve their product or technology. Every token is treated as a currency, so I don't think that using many tokens is bad for economics.
February 03, 2019, 05:36:20 PM
Token creation and development has been abuse, where everyone is now out to develop there own token, I feel the space is still in it evolving space, correction will take place in the near future through regulation and policy formulation that will curb and guide the CRYPTO space from unwarranted development, It okay to launch an ICO, you might not necessarily.
January 31, 2019, 05:47:36 AM
99% of all the alt coins and ethereum tokens have zero real world value and the sole purpose of these new ICO's is to make their developers filthy rich overnight. The utility of these coins is very limited or non-existent and after a quick pump & dump scheme they fizzle out and die. Nowadays anyone could just flip a switch and launch a crypto asset for the most ridiculous reason ever with minimal expenses. Does it help the economy? No. It helps to enrich a certain group of people
I disagree with you. The new coins and tokens are backed by the business projects. Some of these projects are useful, others are useless. The point is the teams can easily conduct ICO and receive investments for their promising project. Then they will be able to develop and evolve their product or technology. Every token is treated as a currency, so I don't think that using many tokens is bad for economics.
January 31, 2019, 05:12:25 AM
Personal cryptocurrency for everyone is a great idea! This will mark a new era in the economy. This will be a natural exchange on a new spiral of progress. Technically, everything is ready. It remains to create standards, institutions, Infrastructure that will provide the solvency function of any currency, which is supported by labor, talent and creativity of the issuing person.
August 04, 2018, 12:48:52 AM
99% of all the alt coins and ethereum tokens have zero real world value and the sole purpose of these new ICO's is to make their developers filthy rich overnight. The utility of these coins is very limited or non-existent and after a quick pump & dump scheme they fizzle out and die. Nowadays anyone could just flip a switch and launch a crypto asset for the most ridiculous reason ever with minimal expenses. Does it help the economy? No. It helps to enrich a certain group of people
I disagree with you. The new coins and tokens are backed by the business projects. Some of these projects are useful, others are useless. The point is the teams can easily conduct ICO and receive investments for their promising project. Then they will be able to develop and evolve their product or technology. Every token is treated as a currency, so I don't think that using many tokens is bad for economics.
August 04, 2018, 12:21:47 AM
I think the country has the authority to use it's own currency for internal use but for international transaction they must us the international currency like now the dollar is uses for international use and it is good to have the command of the crypto currency.
August 03, 2018, 11:37:49 PM
It might have been better if each country instead of each individual will own their cryptocurrency. Why does no one ever think of that.
It affect the market a little but at the same time adapts tonthe future of crypto.
If each individual will when a currency there will be q lot of trash around and the value of "crypto" will be lessen.
Lol, I think this is a stupid question. the rate of the currency will depend on demand as well. if everyone has own currency what about the rate and you are right of course there will be lots of trash everywhere. it is impossible to happen. currencies will be in every country and it's already a good system It affect the market a little but at the same time adapts tonthe future of crypto.
If each individual will when a currency there will be q lot of trash around and the value of "crypto" will be lessen.
August 03, 2018, 11:07:37 PM
99% of all the alt coins and ethereum tokens have zero real world value and the sole purpose of these new ICO's is to make their developers filthy rich overnight. The utility of these coins is very limited or non-existent and after a quick pump & dump scheme they fizzle out and die. Nowadays anyone could just flip a switch and launch a crypto asset for the most ridiculous reason ever with minimal expenses. Does it help the economy? No. It helps to enrich a certain group of people
August 03, 2018, 10:51:33 PM
If practically every private person has his own crypto currency, this will not affect the economy of the state, since such a crypto currency will not play absolutely any role and will be absolutely useless signs. It will in fact not be used anywhere, since it will not be necessary for others. Therefore, there is no sense to spend time and money on it.
August 03, 2018, 07:14:58 PM
The era of blockchain has given many people to make their own currency with different visions from the Artificial intelligence, personal data, finance etc. as we know the traditional currency is very influential in society & supports economic activity around a worldwide. wel, if everyone has their own currency doesnt this is will make everyone no longer motivated to work and will be to waste more time in front of computer. so, what do you think?
I think as long peoples doing economy activity like buying and selling goods and service, its dont bad for economic. Peoples can pay with crypto because when government issuing regulation, crypto transaction are taxed.
August 03, 2018, 05:39:34 PM
The most important thing is that the money is socially accepted and uses it. If a coin is developed but no one accepts and uses it then it will be destroyed.
August 03, 2018, 04:59:18 PM
The era of blockchain has given many people to make their own currency with different visions from the Artificial intelligence, personal data, finance etc. as we know the traditional currency is very influential in society & supports economic activity around a worldwide. wel, if everyone has their own currency doesnt this is will make everyone no longer motivated to work and will be to waste more time in front of computer. so, what do you think?
If everyone creates their own crypto currency, there will be no point in this. This will be useless icons. Even if someone exchanges or trades with their acquaintances, it's not enough that it's a full-fledged crypto currency.If the state creates its own crypto currency, then this centralized crypto currency will complement the national paper money and this will be useful for the whole society as a whole.
August 03, 2018, 04:47:11 PM
It might have been better if each country instead of each individual will own their cryptocurrency. Why does no one ever think of that.
It affect the market a little but at the same time adapts tonthe future of crypto.
If each individual will when a currency there will be q lot of trash around and the value of "crypto" will be lessen.
Having multiple currencies will result in exhaustion of resources and time to produce. Especially it will be old and broken and become garbage. We should use concentrated currencies that are better than those. For online transactions or international payments, there are bitcoin and electronic money. It affect the market a little but at the same time adapts tonthe future of crypto.
If each individual will when a currency there will be q lot of trash around and the value of "crypto" will be lessen.
July 14, 2018, 02:58:54 PM
The era of blockchain has given many people to make their own currency with different visions from the Artificial intelligence, personal data, finance etc. as we know the traditional currency is very influential in society & supports economic activity around a worldwide. wel, if everyone has their own currency doesnt this is will make everyone no longer motivated to work and will be to waste more time in front of computer. so, what do you think?
In the past there were national currencies but also many regions and even towns had their own currencies, the US before the American revolution had many currencies as well, every single state got their own and even money from other countries circulated freely, so that is not a problem since there will always be a coin that is more popular and that will be accepted eventually by everyone as the main currency to use and in our case it is very clear that spot belongs to bitcoin. Jump to: