Global currencies have been around for a long time. These are the currencies that are used in international payments. These include the dollar, euro, ruble, pound and others.
Governments will not massively use decentralized cryptocurrencies for international transactions due to its high price volatility. It is possible that they will use their own cryptocurrency for this, which will be more like stable coins.
Topic: Why the global currency cannot be 100% internet based and if we will have one - page 4. (Read 13542 times)
June 11, 2019, 10:34:12 AM
May 21, 2019, 09:22:10 PM
Since the world consists of nation-states, each country has its own currency and countries like the USA and Germany will not be willing to use the common currency during the cold war in the 21st century. Even if the common currency is used, no economic problems in the world will be solved because of the income distribution problem among the countries.
right, with shared currencies, of course, the countries that use it bear inflation together as well. so as if there were no economic problems in each country. and indeed, state wealth is different from the level of distribution 
May 21, 2019, 01:21:38 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 ?
We already have world currencies for a long time. These are dollar, euro, Japanese yen, English pound and some others. Such currencies are used in international payments and for this they must enjoy the confidence of states. Cryptocurrency will not enjoy the confidence of states and, moreover, it has a high price volatility, and this makes calculations very difficult when implementing long-term contracts. 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 ?
May 21, 2019, 11:51:47 AM
Since the world consists of nation-states, each country has its own currency and countries like the USA and Germany will not be willing to use the common currency during the cold war in the 21st century. Even if the common currency is used, no economic problems in the world will be solved because of the income distribution problem among the countries.
May 21, 2019, 07:36:19 AM
Thinking internet as the problem is wrong in so many levels. Unfortunately there are still couple of tribes and places that lack internet connection but you do not need that to become a global power. Yeah dollars could reach as far as world goes but if you can manage to make bitcoin used and loved by everyone who has an internet connection, mobile phones with wifi and all that then you are already over 99% as it is. Why would something need to be %100 to be the real thing?
I am pretty sure there are some islands in some Australian parts of the world where not even money is fully used, people probably just live like a tribe and do everything and eat together and basically have no need for dollars, which means even dollar is not %100 fully and that is why you don't really need to be %100 to be global power.
I am pretty sure there are some islands in some Australian parts of the world where not even money is fully used, people probably just live like a tribe and do everything and eat together and basically have no need for dollars, which means even dollar is not %100 fully and that is why you don't really need to be %100 to be global power.
May 21, 2019, 06:02:19 AM
There's nothing like having a global currency, even the benefits you have mentioned here doesn't make any sense to me. It is best the way it is and there's no need for anything. I'm okay with cryptocurrency and it serves more as an investment and not really much a mode of transaction, and it is best this way not so many are into it. The reason why I said this is because if lots of people happens to get involved in cryptocurrency, then it is going to make the government to shut it down and they are tackle everyone and start tracing everything to your bank and to where the money is coming from.
It will be possible mate one day, and I will tell you why, it’s not that there has not been attempt to create one, just that such suggestion is being suppressed underground by some powerful people who would not let that happen. Before Gadhafi was killed, he clamored for a currency that will be used in Africa generally and that is why he tried creating United State of Africa which was duly suppressed and led to his death.
I am also very sorry that I am bringing religious into this section, I am a Christian and there is a part of the bible that already prophesied that in the last day before the world becomes doomed, there will arise a currency that will be used globally, and if God had already prophesied, no matter how hard it looks to us, it will come to past.
May 20, 2019, 02:53:59 AM
There's nothing like having a global currency, even the benefits you have mentioned here doesn't make any sense to me. It is best the way it is and there's no need for anything. I'm okay with cryptocurrency and it serves more as an investment and not really much a mode of transaction, and it is best this way not so many are into it. The reason why I said this is because if lots of people happens to get involved in cryptocurrency, then it is going to make the government to shut it down and they are tackle everyone and start tracing everything to your bank and to where the money is coming from.
May 20, 2019, 02:45:14 AM
Tough question, but how you going to give it to the bank and to the government, no many people accept internet money, it is very much fake, can you called the hell note as money too? They can be traded in the hell but in real life? How about in game money, play station credit, Nintendo store credit? Apps store credit? Apple Pay credit? Consumers are getting so confused with so many type of currency all over the internet, it’s making value pricing very difficult, if you going to sell an item, are you going to list 1000 type of currency price for that item? Too much workload.
Having different types of currency to handle all our economic request will really cause chaos which is already playing out in the cryptocurrency industry too, lots of projects are dyeing just because if the too many currencies that we have in the market. This is therefore the reason why we all need to embrace bitcoin as the recognized global currency that will override all other internet currencies in the world, which will be used by those who wishes to operate their businesses on internet while fiat works for businesses that are offline, this is why our dear satoshi created crypto as alternative and not replacement.
May 20, 2019, 12:46:07 AM
Of course it requires a very heavy calculation to believe in one technology that governs all global finance, a little risky when they are too innocent to believe in all the risks that exist today rather than not supporting but would be better to improve existing internet technology and security, everything will go hand in hand, I don't think it's time to adopt everything because the system isn't entirely safe.
I agree, indeed requires a process of understanding to be able to use a new technology. moreover the technology is contrary to the current order. but I guess let them judge and finally be able to decide 
May 19, 2019, 04:43:52 PM
Of course it requires a very heavy calculation to believe in one technology that governs all global finance, a little risky when they are too innocent to believe in all the risks that exist today rather than not supporting but would be better to improve existing internet technology and security, everything will go hand in hand, I don't think it's time to adopt everything because the system isn't entirely safe.
May 19, 2019, 04:15:03 PM
I don't think that the different govs are willing to cooperate in financial things. As you can see on the tradeware USA vs China. or the different wars around israel. nobody will agree for one solution. Everyone has an other idea here and there so the only thing we can do is still supporting bitcoin. Pushing companies to accept bitcoin and show the people the benefits of bitcoin and cryptos in general. maybe there will be starting a network by itself without the need of govs. But till we are at this point, we will pass some years.
May 19, 2019, 03:34:46 PM
One of the main problems of a single and global currency would be that we would tacitly accept centralization at its best. And par excellence, one of the main functions of any national central bank is to consolidate the autonomy of each country in matters of monetary policy, and this policy is necessary in the face of the disparity that exists in the different economies of the world, for which I doubt very much that there may be a single global currency whose usefulness and functionality is much greater than the one practically exercised by the US dollar.
May 19, 2019, 03:25:32 PM
There is no way the future of Internet I have read about would work without a global currency.
Such global currency would require a single global leadership.
The future of humanity depends on the character of such leaders.
People who refuse to adapt or stay within the system will probably be destroyed?
Such global currency would require a single global leadership.
The future of humanity depends on the character of such leaders.
People who refuse to adapt or stay within the system will probably be destroyed?
May 19, 2019, 11:48:32 AM
Therefore, we should always have various alternative reserve forms of cash payments and paper money of the states are the simplest and most reliable of them.
That can be done through physical means, such as paper wallets, coins, cards, etc.
Physical Bitcoins have continuously been used as cash throughout the years, and while it's still a niche sort of economy that consists of collectors and whatnot, it actually shows that it can work as cash. It's super anonymous since nothing moves on-chain, and for that reason you have the fungibility that Bitcoin currently lacks.
The only thing that needs to happen is to have these physical means be secure enough to actually be used by the average person.
May 19, 2019, 11:32:43 AM
I believe that the financial system can not directly depend on high technology. The simpler such a system is, the more reliable it is. If we switch to the use of cryptocurrency and something happens to the Internet, and such a possibility is not excluded, for example, due to the emergence of a new virus, then our entire financial system will collapse immediately. Therefore, we should always have various alternative reserve forms of cash payments and paper money of the states are the simplest and most reliable of them.
However, national cash and non-cash money will continue to exist for many other reasons, and above all, because they effectively interact with the state economy, and the cryptocurrency does not have such properties.
Yes, I totally agree with you. Humanity should not risk its civilization so much to trust one technology, no matter how reliable it is and, therefore, put eggs in one basket. The consequences can be too dire.However, national cash and non-cash money will continue to exist for many other reasons, and above all, because they effectively interact with the state economy, and the cryptocurrency does not have such properties.
Already now, in the near-Earth orbit, a lot of different garbage is rotating as waste products of human space activity and therefore the threat of their collision with launched artificial satellites is increasing.
May 19, 2019, 07:58:42 AM
I believe that the financial system can not directly depend on high technology. The simpler such a system is, the more reliable it is. If we switch to the use of cryptocurrency and something happens to the Internet, and such a possibility is not excluded, for example, due to the emergence of a new virus, then our entire financial system will collapse immediately. Therefore, we should always have various alternative reserve forms of cash payments and paper money of the states are the simplest and most reliable of them.
However, national cash and non-cash money will continue to exist for many other reasons, and above all, because they effectively interact with the state economy, and the cryptocurrency does not have such properties.
However, national cash and non-cash money will continue to exist for many other reasons, and above all, because they effectively interact with the state economy, and the cryptocurrency does not have such properties.
May 19, 2019, 05:03:12 AM
Tough question, but how you going to give it to the bank and to the government, no many people accept internet money, it is very much fake, can you called the hell note as money too? They can be traded in the hell but in real life? How about in game money, play station credit, Nintendo store credit? Apps store credit? Apple Pay credit? Consumers are getting so confused with so many type of currency all over the internet, it’s making value pricing very difficult, if you going to sell an item, are you going to list 1000 type of currency price for that item? Too much workload.
May 19, 2019, 02:28:39 AM
If there would be a global currency it would be on the internet since we don't need people to cross some ocean just because they need money from the one who's controlling the currency. But of course, each of our countries doesn't like the idea of someone controlling the currency thus there's no need for a global currency that isn't internet based. But most country would agree with the idea of using both fiat and crypto at the same time to benefit most of us people around the world.
Yeah a Global currency isn't something I want personally, too many countries that are fucked up, who would be printing it and changing the rules? Because they would be, you aren't going to get countries to jump on something that can't be manipulated or printed in mass, they're too used to it.Global currency won't work as many countries are experiencing different level of success and difficulties in their economies...and this is quite reflective on variations of different fiat monies we have. This is one reason why the EURO is having a difficulty right now as EU is integrating varying economies into one system. A country's weakness and problems can easily spread to its border neighbors if we have one currency...it is even spreading right now all because we have globalization. Plus there is the question of which country or a group of people that will administer the whole one global economy as one currency really requires this. Truly, it can be impossible to achieve this dream.
May 18, 2019, 02:19:42 PM
We have the European union already with Euro. Many countries included and they use same currency.
I know it cannot be called as globality, but it's kinda the brightest example for today.
All countries of the Unity can basically use crypto currency in future, but I doubt that it will be spreaded whole world wide.
Today we may watch too greedy and powerful people in the top of ruling elite in some countries who will never support globalization and one currency, it's just not in their interests.
I know it cannot be called as globality, but it's kinda the brightest example for today.
All countries of the Unity can basically use crypto currency in future, but I doubt that it will be spreaded whole world wide.
Today we may watch too greedy and powerful people in the top of ruling elite in some countries who will never support globalization and one currency, it's just not in their interests.
May 18, 2019, 02:05:30 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 ?
Very vague express and argue your opinion. What do you mean by global currency? The currency that most states would use at the international level has always been. Before paper type dollars, the euro, mankind has always used gold, silver and precious stones. Therefore, do not reinvent the wheel. It is unlikely that a currency based on the Internet can have a global status that would be recognized by most states. As for the cryptoaalyutics, it is not so simple. Let's see what will happen next.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 ?
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