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?
For sure, it is a doomed for cryptocurrency. If we have our own currency, prices will not high. The value of coins will become stagnant in zero. There is no demand since we have our own supply. This is what actually happen right now! A lot of ICOs that exists but the demand for each coin will becomes lower due to the limited investors. The demand continuously becomes exhausted and time will come, we can see that ICOs will be gone. 
Topic: what will happens if everyone has own currency, doesn't a bad for Economics ? - page 18. (Read 20728 times)
May 05, 2018, 04:08:14 AM
May 05, 2018, 03:52:10 AM
Just because everyone has their own currency doesn't mean they all have value. Your answer is already answered by the multitude of shitcoins that no exchange or individual accept. Their existence doesn't even affect the cryptocurrency market as a whole (except maybe by pumping the overall market cap with their declared value?), so it shouldn't affect the economy in the least.
If you mean what happens when everyone is rich though, then the value of money goes down (more supply = lower value after all). Everyone will change more because they know that others have the capability to pay.
If you mean what happens when everyone is rich though, then the value of money goes down (more supply = lower value after all). Everyone will change more because they know that others have the capability to pay.
May 05, 2018, 02:24:47 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?
it will never happen! could you imagine a country that has no leader, no authority to follow, that would surely result to CHAOS! a society must have its system that govern everything including currency. A single currency is not just a mere symbol of a country but this serve as a unity to its people... how could you exchange (buy good and pay bills) with your own version of money. it is that would lead to chaos? a nation must have at least 1 currency to circulate to the economy.. this is to avoid confusion to the market in making transaction... if you are foreigner to a nation it is that you exchange first your money to money changer before you could make a purchase?
May 05, 2018, 02:14:45 AM
Market will decide whether your currency is good or not. So, trash currency will be dead and we can also expect that happens for trash fiat. However, many government force their trash fiat to be used by their people, thus it breaks "market economy"
In conclusion, if market can freely decide what currencies' value, i don't see any problem for economics.
In conclusion, if market can freely decide what currencies' value, i don't see any problem for economics.
May 05, 2018, 02:13:12 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?
If that happens then all the currencies value will become zero because there is no demand for that and we can't call it as a currency anymore.But this unlikely will happen anyway because not all the people are expert in creating the cryotocurrency. 
May 05, 2018, 02:05:25 AM
I don't think it will hamper badly on the economy. I mean every country is having their own currency but still world economy works parallel to each other.
If everyone has their currencies then they can simply trade among each other and thus create proper circulation of it and gain some profits.
If everyone has their currencies then they can simply trade among each other and thus create proper circulation of it and gain some profits.
May 05, 2018, 01:58:10 AM
If everyone makes their own currency like you said, then each one of those currencies will be worthless. Who's going to want to take your currency when they have their own?
May 05, 2018, 01:51:02 AM
If everyone create their own currency and doesn't got a good features then it will be a dead coin, because the only one using it is only yourself, it is easy to create your own currency but it's hard to convince other to believe and used your coin, even if there are already people using your coin you still need to dedicate your time to make improvements and introduce your coin, so creating one coin won't make you less motivated
May 05, 2018, 01:44:22 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?
Who know, probably it can be happen somedays, it this era everything can be happen, but there always has a positive and negative side depend on situation right!Totally agree with you, someone will lost their social life if that think happens, because there more busy in front of cumputer than in real life, work in real life more important, we can meet new people and make relationship, work in front of computer also perfect, we can make lot of money with that.
May 05, 2018, 12:18:16 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?
Jump to: