Topic: Why the global currency cannot be 100% internet based and if we will have one - page 3. (Read 13541 times)
June 17, 2019, 01:07:29 AM
First, a decentralized cryptocurrency is unlikely to ever be used by all states as a single global currency. States can not rely on a "no-man" currency, which, moreover, is not secured by anything and is subject to high price volatility. Secondly, the global currency is also unlikely to "work" on the Internet. The financial world will then be very fragile. Any catastrophe that will even lead to the temporary disappearance of the Internet, then hello to a complete financial collapse. I do not think that states will not take this into account before risking their economies and switching to settlements in such currencies. The financial world just likes stability.
June 16, 2019, 11:23:49 PM
Hey guys what do you think ?
Will we have a global currency?
I personally think that the idea of global currency will benefit citizens, there won't be exchange tax and other things , but at the same time it will kill the competency of the countries that the political leaders think is important , there will be no more best to worst currencies , no exchange rates and nothing.
Will it be beneficial?
I think the benefits are more than compensating for the bad effects.
I think this wide variety of currencies do have some advantages
If we will have a global currency will it be internet based?
I don't think it can be internet based because more or so there will always be a sector which doesn't plan on using the money and worse who doesn't know how to use the internet and how do you plan on giving this advantage to the tribal people ? It will be worse , it will be like , if someone wants to kill the economy of the world entirely they just need to shut down the internet and everything, every transaction will stop.
Please share your views ?
I am thinking of you, where I feel that to make a 100% internet based currency here still has a big negative side, unless we really are in the world where 90% must adapt to advanced technology, which we inevitably must follow the development of these technologies. For global currencies, I don't think well, if you say bitcoin is also a global currency because of its users in various countries and not limited by government control. Will we have a global currency?
I personally think that the idea of global currency will benefit citizens, there won't be exchange tax and other things , but at the same time it will kill the competency of the countries that the political leaders think is important , there will be no more best to worst currencies , no exchange rates and nothing.
Will it be beneficial?
I think the benefits are more than compensating for the bad effects.
I think this wide variety of currencies do have some advantages
If we will have a global currency will it be internet based?
I don't think it can be internet based because more or so there will always be a sector which doesn't plan on using the money and worse who doesn't know how to use the internet and how do you plan on giving this advantage to the tribal people ? It will be worse , it will be like , if someone wants to kill the economy of the world entirely they just need to shut down the internet and everything, every transaction will stop.
Please share your views ?
June 16, 2019, 10:27:07 PM
Hey guys what do you think ?
Will we have a global currency?
I personally think that the idea of global currency will benefit citizens, there won't be exchange tax and other things , but at the same time it will kill the competency of the countries that the political leaders think is important , there will be no more best to worst currencies , no exchange rates and nothing.
Will it be beneficial?
I think the benefits are more than compensating for the bad effects.
I think this wide variety of currencies do have some advantages
If we will have a global currency will it be internet based?
I don't think it can be internet based because more or so there will always be a sector which doesn't plan on using the money and worse who doesn't know how to use the internet and how do you plan on giving this advantage to the tribal people ? It will be worse , it will be like , if someone wants to kill the economy of the world entirely they just need to shut down the internet and everything, every transaction will stop.
Please share your views ?
Will we have a global currency?
I personally think that the idea of global currency will benefit citizens, there won't be exchange tax and other things , but at the same time it will kill the competency of the countries that the political leaders think is important , there will be no more best to worst currencies , no exchange rates and nothing.
Will it be beneficial?
I think the benefits are more than compensating for the bad effects.
I think this wide variety of currencies do have some advantages
If we will have a global currency will it be internet based?
I don't think it can be internet based because more or so there will always be a sector which doesn't plan on using the money and worse who doesn't know how to use the internet and how do you plan on giving this advantage to the tribal people ? It will be worse , it will be like , if someone wants to kill the economy of the world entirely they just need to shut down the internet and everything, every transaction will stop.
Please share your views ?
Having one currency for all will certainly benefit developed and especially developing countries. But I doubt it will happen unless one country dominates every country and can impose laws and govern on every each of the country or become one. in the end what preventing this one global currency is politics and agendas of every existing government today.
June 16, 2019, 06:27:55 PM
Look at euro for example, it is the same currency in many nations and all of them use the same currency without any problems at all, of course there are economic issues risen from the same currency thing but I am sure that is worth the loss in its profits. If 20+ nations could use the same currency and switch borders without care and basically live like a whole nation together then why not make it for the whole world ?
It's only a matter of time before the Euro fails. You're basically asking for problems if you use one currency in a continent that consists of very economically weak to strong countries. Just look at what happened in Greece years ago. Currently we're not far away from seeing Italy follow the same path of destruction. If you think Greece was bad, then prepare yourself for what will happen to Europe when Italy implodes.
Direct result is that the weakest banks in Europe with significant exposure to debt in Italy will be triggered to implode too. Deutsche bank is an example of that and it has already a lot of problems without Italy threatening its existence.
June 16, 2019, 02:02:04 PM
but why not ? bitcoin is one example of a global currency because its online and all people all over the universe can use it without restriction ( because again its online ) if you country restricts you from accesing bitcoin/crypto sites you can still use vpn and other internet tools to bypass the restriction .
cryptos and other online payment methods are more suitable as a global currency compare to non internet based currencies because you cant obtain them easily and not all merchants or people will recognize it .
cryptos and other online payment methods are more suitable as a global currency compare to non internet based currencies because you cant obtain them easily and not all merchants or people will recognize it .
June 16, 2019, 01:38:03 PM
There is no way we are not going to have one currency globally. I personally believe it may take years and it may take a lot of power and issues but in the end we all gonna end up with the same money all around the world and the big candidate is dollar or euro.
Look at euro for example, it is the same currency in many nations and all of them use the same currency without any problems at all, of course there are economic issues risen from the same currency thing but I am sure that is worth the loss in its profits. If 20+ nations could use the same currency and switch borders without care and basically live like a whole nation together then why not make it for the whole world ?
Maybe we can do 5 currencies total instead of just one to start with and see how it goes but currency for each nation is silly and will be done very soon.
Look at euro for example, it is the same currency in many nations and all of them use the same currency without any problems at all, of course there are economic issues risen from the same currency thing but I am sure that is worth the loss in its profits. If 20+ nations could use the same currency and switch borders without care and basically live like a whole nation together then why not make it for the whole world ?
Maybe we can do 5 currencies total instead of just one to start with and see how it goes but currency for each nation is silly and will be done very soon.
June 15, 2019, 08:48:10 PM
Hey guys what do you think ?
Will we have a global currency?
I personally think that the idea of global currency will benefit citizens, there won't be exchange tax and other things , but at the same time it will kill the competency of the countries that the political leaders think is important , there will be no more best to worst currencies , no exchange rates and nothing.
Will it be beneficial?
I think the benefits are more than compensating for the bad effects.
I think this wide variety of currencies do have some advantages
If we will have a global currency will it be internet based?
I don't think it can be internet based because more or so there will always be a sector which doesn't plan on using the money and worse who doesn't know how to use the internet and how do you plan on giving this advantage to the tribal people ? It will be worse , it will be like , if someone wants to kill the economy of the world entirely they just need to shut down the internet and everything, every transaction will stop.
Please share your views ?
Will we have a global currency?
I personally think that the idea of global currency will benefit citizens, there won't be exchange tax and other things , but at the same time it will kill the competency of the countries that the political leaders think is important , there will be no more best to worst currencies , no exchange rates and nothing.
Will it be beneficial?
I think the benefits are more than compensating for the bad effects.
I think this wide variety of currencies do have some advantages
If we will have a global currency will it be internet based?
I don't think it can be internet based because more or so there will always be a sector which doesn't plan on using the money and worse who doesn't know how to use the internet and how do you plan on giving this advantage to the tribal people ? It will be worse , it will be like , if someone wants to kill the economy of the world entirely they just need to shut down the internet and everything, every transaction will stop.
Please share your views ?
Having one currency for all will certainly benefit developed and especially developing countries. But I doubt it will happen unless one country dominates every country and can impose laws and govern on every each of the country or become one. in the end what preventing this one global currency is politics and agendas of every existing government today.
June 15, 2019, 07:52:58 PM
The world is constantly progressing and technologies and ways that we once never expected to work and people use are now essential part of our lives, like for example credit cards it was only something used by few people and businesses mans now it is in every person's wallet and they use it to buy everything, and today most people use the internet for basically everything they buy food cloths and even use transport through apps and digital money they no longer need to use physical money, i understand that in some areas where internet does not exist this seems that is not going to happen for a while but with Elon musk and mark zuckerbrug sending satellite to provide internet all over the world this will change and everything will start moving towards digitization, just give it 10 more years and you will see.
June 15, 2019, 06:13:19 PM
It is a great vision but I don't see it from happening. Pride, history, political reasons, there are a lot of reasons we can say that's why this will never happen. To be honest we can now call it our global currency since we can make transactions in any country that this is accepted without any exchange or third parties in that transaction.
it can be said that going to become a digital currency is becoming more popular, in the future it looks like internet usage will be the most important thing because by having an internet base every transaction can be completed quickly and of course it is a dream in a digital era like this
June 15, 2019, 05:54:35 PM
In coming future, we will have a situation when you must use internet or have internet or you will not have anything or use anything so internet will be everywhere everywhere where people live so it can be internet based and must be i say.
June 15, 2019, 05:39:44 PM
It is a great vision but I don't see it from happening. Pride, history, political reasons, there are a lot of reasons we can say that's why this will never happen. To be honest we can now call it our global currency since we can make transactions in any country that this is accepted without any exchange or third parties in that transaction.
June 15, 2019, 04:20:50 PM
first of all, having a global currency is impossible because people have their personal needs and this takes it to very high and sensitive topics anyway. secondly, if we have virtual currencies as global currencies and no faint then it will cause a lot of problems as because we know that many altcoins die every day and many markets face more than 30% price fall so many people will get affected by the price. and I know there are a lot of benefits too but disadvantages are still more than benefits and some issues are very serious.
June 15, 2019, 03:22:43 PM
the most difficult thing is to create a financial system that is structured as a whole in the internet zone, as long as there are no developments that are full adaptations, it will not be able to be reached easily in total.
But crypto has actually provided an answer so far even though it is not a massive move that is measured by the government's consolidation, because this will continue to evolve with the existing system even though it is still conflicting.
We cannot really judge now were bitcoin will be and what will happen as par it adoption in the world financial system. I think bitcoin should be able to be used as a "global currency" blockchain has proven to be a system that is safe and can be used in both security and speed and that is what I think can replace the current fiat system we have and it will create equality. But crypto has actually provided an answer so far even though it is not a massive move that is measured by the government's consolidation, because this will continue to evolve with the existing system even though it is still conflicting.
June 15, 2019, 02:21:12 PM
I personally think that the idea of global currency will benefit citizens, there won't be exchange tax and other things , but at the same time it will kill the competency of the countries that the political leaders think is important , there will be no more best to worst currencies , no exchange rates and nothing.
Will it be beneficial?
Will it be beneficial?
See this is why a global currency won't work because everything will be dependent on each country, if you think think that the world will be moving forward because we unite under one currency then think again, with this kind of system we are at the mercy of the top 1%. Inflations and other economical problems will still be there. And if you are thinking that BTC is by definition of a global currency that is why you made this thread then think again, the value of BTC is still valued under the fiat system that is why they are letting it co-exist in our world now.
June 15, 2019, 01:43:43 PM
the most difficult thing is to create a financial system that is structured as a whole in the internet zone, as long as there are no developments that are full adaptations, it will not be able to be reached easily in total.
But crypto has actually provided an answer so far even though it is not a massive move that is measured by the government's consolidation, because this will continue to evolve with the existing system even though it is still conflicting.
But crypto has actually provided an answer so far even though it is not a massive move that is measured by the government's consolidation, because this will continue to evolve with the existing system even though it is still conflicting.
June 15, 2019, 12:32:45 PM
Hey guys what do you think ?
Will we have a global currency?
I personally think that the idea of global currency will benefit citizens, there won't be exchange tax and other things , but at the same time it will kill the competency of the countries that the political leaders think is important , there will be no more best to worst currencies , no exchange rates and nothing.
Will it be beneficial?
I think the benefits are more than compensating for the bad effects.
I think this wide variety of currencies do have some advantages
If we will have a global currency will it be internet based?
I don't think it can be internet based because more or so there will always be a sector which doesn't plan on using the money and worse who doesn't know how to use the internet and how do you plan on giving this advantage to the tribal people ? It will be worse , it will be like , if someone wants to kill the economy of the world entirely they just need to shut down the internet and everything, every transaction will stop.
Please share your views ?
money is not everything that is the only reason it will not hundred percent internet basically because the money culture will be created in recent times only before that no one will know about how a current she is and this is also one of the reason why not been internet based. Will we have a global currency?
I personally think that the idea of global currency will benefit citizens, there won't be exchange tax and other things , but at the same time it will kill the competency of the countries that the political leaders think is important , there will be no more best to worst currencies , no exchange rates and nothing.
Will it be beneficial?
I think the benefits are more than compensating for the bad effects.
I think this wide variety of currencies do have some advantages
If we will have a global currency will it be internet based?
I don't think it can be internet based because more or so there will always be a sector which doesn't plan on using the money and worse who doesn't know how to use the internet and how do you plan on giving this advantage to the tribal people ? It will be worse , it will be like , if someone wants to kill the economy of the world entirely they just need to shut down the internet and everything, every transaction will stop.
Please share your views ?
June 15, 2019, 09:50:03 AM
As per Twitter Ceo statement he states Bitcoin should be global internet currency for future . looking at present adoption we can see bitcoin may see future adoption to masses
June 12, 2019, 06:45:28 AM
bitcoin was created for that purpose, becoming a global currency in the whole world, that is very possible.
but nowadays it is not easy to realize it all with all the problems that are always associated with bitcoin making bitcoin disrupted to achieve its primary goals.
but nowadays it is not easy to realize it all with all the problems that are always associated with bitcoin making bitcoin disrupted to achieve its primary goals.
This is correct. Bitcoin is already a global currency since you can send and receive it from anywhere in the world s long as you have an internet connection available. It is not tied down to any country or people.
I know you mean glocal acceptance in the majority. I don't think crypto needs the majority of people to use it. Half is good enough. I do think that number will close though until almost everyone uses blockchain technology.
June 11, 2019, 01:08:58 PM
bitcoin was created for that purpose, becoming a global currency in the whole world, that is very possible.
but nowadays it is not easy to realize it all with all the problems that are always associated with bitcoin making bitcoin disrupted to achieve its primary goals.
but nowadays it is not easy to realize it all with all the problems that are always associated with bitcoin making bitcoin disrupted to achieve its primary goals.
June 11, 2019, 11:43:23 AM
Look at what I said:
There are hundreds of people who do not have access to the Internet, and not even electricity. So access to cryptos is not very favorable for them.
Similarly, there are hundreds of people who do not have access to a bank account, so the purchase of cryptos is quickly restricted.
That is why we often say that Bitcoin can become an alternative currency and not a replacement.
A global currency can't be based on internet 100%, otherwise it's a currency that will never be mass adopted.
There are hundreds of people who do not have access to the Internet, and not even electricity. So access to cryptos is not very favorable for them.
Similarly, there are hundreds of people who do not have access to a bank account, so the purchase of cryptos is quickly restricted.
That is why we often say that Bitcoin can become an alternative currency and not a replacement.
Jump to: