Topic: what will happens if everyone has own currency, doesn't a bad for Economics ? - page 11. (Read 20705 times)
July 14, 2018, 02:17:02 PM
Yes, it is definitely bad to have a lot of contenders even if you look at the cryptocurrency market even though there are 11000 cryptocurrencies in the market, there are only a 5 to ten cryptocurrencies which capture seventy-five percent of the valuation of the entire cryptocurrency market,
July 09, 2018, 03:15:57 AM
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 dont think all cryptocurrency recognized by government. Beside that, every cryptocurrency have their own price and value because we have exchanger. Exchanger or market is important to determine the cryptocurrency have a good value or not.
July 08, 2018, 10:25:27 PM
If everyone has their own currency, I make sure this is a bad thing for the economy. What I fear is that the currency does not really have value for trading and transactions. The currency you create must have a future and be recognized by the community.
July 08, 2018, 07:46:41 PM
When each person has their own currency a means of the standard is not set since each currency is valued at a different rate, however, there must exist a standard of out which all of the coins are measured, if that is the case then the economics will eventually regulate, in this case, its bitcoin
June 22, 2018, 05:43:48 AM
Probably yes, I think it will result a big problem to the economy. It's really hard to recognize a huge of different currencies in one economy. It may result a trouble in making or doing transactions. Definitely it is better that we have only one type or kind of cyptocurrency in our country therefore it is easily to determine.
You forget that cryptocurrencies are an economic tool that is capable of self-regulation. Cryptocurrencies that are not popular and can not provide people with the necessary opportunities will disappear themselves. There will be only those that we need. How many of them will be 10,20 or 100 is not important. June 22, 2018, 12:45:09 AM
It can even be good cus it will encouraged foreign trade
June 22, 2018, 12:40:29 AM
imagine if all of us has our own currency it will have no value, Yes we have our own currency then how is the basis of the pricing of the goods it should have only one currency for basis then how we be able to buy if our currency has no value so we should stick to a currency that has a value.
June 22, 2018, 12:23:22 AM
If each country has its own centralized crypto currency, I think it will not be worse from this. In any case, such an experience would be very useful to us. Seeing that the government is also creating its own crypto currency, citizens would more trustingly begin to worry about crypto currency in general. A certain experience in the general use of crypto-currency would be developed, citizens could compare the quality of centralized and decentralized crypto-currency. People could apply them alternately depending on the goal that they want to achieve in them. In general, I think that it would be nice.
June 21, 2018, 09:21:45 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.
I think the government will not do that. we know that crypto is a threat to the local currency. if the government makes a crypto 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.
currency. then it would be the same they gave a chance for their local currency to be replaced by crypto. its not gonna happen
June 21, 2018, 08:58:06 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?
are you talking about individual or national currency? if all nation create their own crypto currency, i think we will go back in being a centralized society just like today on using fiats, having our own crypto is like having our own fiats, you see, what makes crypto special is, the availability worldwide is limited that is why it is so expensive, it is decentralized and free from being slaved by banks who dictates when and who will get rich. unlike crypto, everyone has freedom in their wallets. free to trade, to purchase and to acquire.
June 21, 2018, 08:56:02 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?
That's very bad for our economy if these gonna be happen there's no challenging in this world you are definitely true everyone no longer motivated to work all people are lazy and not only that we already suffered of hunger because no people are serve the food eat,
June 21, 2018, 07:19:15 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.
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.
June 21, 2018, 05:38:43 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?
Not everyone is into crypto, so people are still going to work. And there is a sort of balance, where if there are too many crypto, then value of each individual crypto will plummet.
June 21, 2018, 05:26:00 PM
If we have our own currency then that is a chaos and everything is zero value.Who wants a currency if everyone of us own a currency.So if that happens surely everything went down.
I think One that will have the greatest value as a currency is a coin that has some real-world use cases (and for the same reason btc still dominates the market). For this same reason, one will remain motivated to work in various fields.
In addition to the posts quoted above, if everyone created their own currency and if everything has a nice feature to display, then obviously people who will have their own value are just the cream of the harvest.
June 19, 2018, 02:49:13 PM
If we have our own currency then that is a chaos and everything is zero value.Who wants a currency if everyone of us own a currency.So if that happens surely everything went down.
I think One that will have the greatest value as a currency is a coin that has some real-world use cases (and for the same reason btc still dominates the market). For this same reason, one will remain motivated to work in various fields.
In addition to the posts quoted above, if everyone created their own currency and if everything has a nice feature to display, then obviously people who will have their own value are just the cream of the harvest.
June 19, 2018, 02:48:54 PM
This is a big problem. It doesn't serve the true goal of a currency. It would become just a collectible which doesn't gonna lead to any purposes. Some of the money got stuck in different unused crypto which sums up to a bigger digit as the number of unnecessary crypto coin rises. So, definitely this is very bad for Economics.
June 19, 2018, 02:19:00 PM
If evry country has its own currency, it will hamper the crypto community. The existing number of coins is affecting the growth already.
June 19, 2018, 01:40:27 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?
Bitcoin is never been bad in our economy. Infact bitcoin is pulling our economy in to the top cause many job are bring by bitcoin. Cause bitcoin is not responsible or youngsters, the future. Cause I support the best thing for you have a good news now Kenya resident can invest in cryptocurrency.Nowadays in the market place more coin release in the market place for people using and it help to people invest in the different coin. So all people not invest in the one coin. People invest in the difference coins. people growth is economy and country growth. So it help to people future growth. So people learn more information and choose the best project and best coin for the future investment. Market place is help to choose coin and invest for the future business improvement.
June 19, 2018, 01:28:47 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?
Bitcoin is never been bad in our economy. Infact bitcoin is pulling our economy in to the top cause many job are bring by bitcoin. Cause bitcoin is not responsible or youngsters, the future. Cause I support the best thing for you have a good news now Kenya resident can invest in cryptocurrency. 
June 19, 2018, 01:20:20 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 my own opinion, the price of cryptocurrency that will be generated will be always depending on the market because most of the people today still prefer bitcoins more than ico's that has their own platform and advertising to get more investors but still at the end of the day, bitcoins is always at the top of all the cryptocurrency in the market.
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