Topic: Why the global currency cannot be 100% internet based and if we will have one - page 5. (Read 13541 times)
May 18, 2019, 02:19:53 PM
I think only if governments want we can have a global currency, but i don't think this will happen, most countries want to have their currency so they can control better the economy because maybe they are not yet prepared for a global currency.
May 18, 2019, 08:06:53 AM
I don't think if we have a global currency it would be internet based, the government needs this money to be able to reach everyone in the world, and for the fact that you have access to internet all of the time doesn't mean that another person somewhere else has this kind of access, so I believe they are going to consider all this and make the currency fiat and not internet based because a lot of persons will not be able to have possession of this money if it's internet based since not all regions has internet connection.
May 18, 2019, 03:58:34 AM
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 ?
March 28, 2019, 11:33:42 AM
So you mean to have a one single currency for all the countries in the whole world? I don't think its possible. If it happens there would also be a one world government to have a one global currency and if it is global then it must be internet based to be able to move from one place to another to transfer from one country to another but from my point of view it is impossible to happen.
of course every country wants to have its own independence in terms of currency. I think it will also be difficult if one currency for the whole world, of course not all countries have good relations, I think there will be more contra March 27, 2019, 05:44:53 PM
It wont happen even in internet.
It is like wishing for peace in the world which is impossible too.
Too many opinions and people have high prides by now.
Governments which would do anything to keep themselves on the top and would declare war if their currency value falls.
The world started with colonization and so it is by now. Who will vote for one country to be the leader of all? I doubt they will vote something else rather than their own.
Same with internet currencies. Banks would want to dominate it by using credit cards. Then there is Paypal and a lot more option. So conclusion will be: We will be dead and there wont be much changes and even our grandchildren will still see it.
So you should not stress it by now and just use what you can.
It is like wishing for peace in the world which is impossible too.
Too many opinions and people have high prides by now.
Governments which would do anything to keep themselves on the top and would declare war if their currency value falls.
The world started with colonization and so it is by now. Who will vote for one country to be the leader of all? I doubt they will vote something else rather than their own.
Same with internet currencies. Banks would want to dominate it by using credit cards. Then there is Paypal and a lot more option. So conclusion will be: We will be dead and there wont be much changes and even our grandchildren will still see it.
So you should not stress it by now and just use what you can.
March 27, 2019, 05:18:07 PM
So you mean to have a one single currency for all the countries in the whole world? I don't think its possible. If it happens there would also be a one world government to have a one global currency and if it is global then it must be internet based to be able to move from one place to another to transfer from one country to another but from my point of view it is impossible to happen.
March 27, 2019, 01:57:28 PM
When you say global currency, that would transcend national borders. It would include places where internet connection would be scarce so there's going to be a problem there already. And that's also going to be a challenge since many countries would oppose to have a singular currency without their own.
March 27, 2019, 12:25:58 PM
I believe the world has really advanced and technology has taking over. There is literally no country that does not have internet services and if your fear would that the currency can be targeted or shut down, I think that is not possible. To shut down the internet worldwide will not be an easy task.
The US dollar for example is already considered a Global currency, although it does not hold an official title yet, it is used more on the internet for various transactions than even the cash, the only difference it has from bitcoin is that it is not decentralized and this is what makes Bitcoin has an edge over it. I think having a global currency that is 100% internet based, either in form of Bitcoin or USD would not be a problem at all.
Almost everyone is acquainted with the internet now, it will only take a little time to pull people out of the old system and introduce the new payment method.
The US dollar for example is already considered a Global currency, although it does not hold an official title yet, it is used more on the internet for various transactions than even the cash, the only difference it has from bitcoin is that it is not decentralized and this is what makes Bitcoin has an edge over it. I think having a global currency that is 100% internet based, either in form of Bitcoin or USD would not be a problem at all.
Almost everyone is acquainted with the internet now, it will only take a little time to pull people out of the old system and introduce the new payment method.
March 27, 2019, 11:34:47 AM
Many developing countries has no access to internet and that means there will not be able to used the global currency. I think the way we are now is still better and since the political system and politicians will like to have their control over the financial situation in their country I strongly believe that they are not going to allow that to happen.
I don’t think there are still countries without access to internet, almost all countries, even to the underdeveloped. Niue is the smallest republic in the world and it has Wi-Fi coverage in most of its island.I have been opportune to visit some poor countries around the world and I realized there are places they get Wi-Fi and they even sell 3G dongles for their citizens that are capable of buying, so if there eventually become an online based global currency, I don’t see much difficulties in its usage. Also like you have mentioned, politicians and political system might want to continuously have control over the financial situations in their countries and so they might go against this.
March 26, 2019, 09:02:03 PM
Nobody can shut down the internet,because internet is a network of servers.Can you shut down all of them?
That's why nobody can shut down the blockchain.As long as there are miners,the blockchain will continue to exist.By the way,bitcoin can be printed on paper.Nobody is saying that bitcoin will be 100% digital.
We already have a global currency.It's called US dollar and it's a pretty shitty global currency.
Global currencies are currencies that are used throughout the world and everywhere. so it's impossible for all to be internet-based. because not all countries are able to support the internet network, and not all regions on planet earth have internet networks. so international paper money is still needed, namely dollars in paper form, bitcoin is not able to provide all the needs of people around the world because bitcoin can only be used if there is an internet connection.That's why nobody can shut down the blockchain.As long as there are miners,the blockchain will continue to exist.By the way,bitcoin can be printed on paper.Nobody is saying that bitcoin will be 100% digital.
We already have a global currency.It's called US dollar and it's a pretty shitty global currency.
i understand your point but from what i observed bitcoin is already supported and being used by majority of the countries , that's why it is already considered as a global currency . also , internet is not new and im sure that almost all countries in the world do already have an internet because internet is also useful for everyday need . also , i dont think that usd alone is a global currency because i think every currency can also be consider a global currency because there are money changer/exchangers on every country where you can convert any currency according to your choice .
March 26, 2019, 08:04:12 PM
Nobody can shut down the internet,because internet is a network of servers.Can you shut down all of them?
That's why nobody can shut down the blockchain.As long as there are miners,the blockchain will continue to exist.By the way,bitcoin can be printed on paper.Nobody is saying that bitcoin will be 100% digital.
We already have a global currency.It's called US dollar and it's a pretty shitty global currency.
Global currencies are currencies that are used throughout the world and everywhere. so it's impossible for all to be internet-based. because not all countries are able to support the internet network, and not all regions on planet earth have internet networks. so international paper money is still needed, namely dollars in paper form, bitcoin is not able to provide all the needs of people around the world because bitcoin can only be used if there is an internet connection. That's why nobody can shut down the blockchain.As long as there are miners,the blockchain will continue to exist.By the way,bitcoin can be printed on paper.Nobody is saying that bitcoin will be 100% digital.
We already have a global currency.It's called US dollar and it's a pretty shitty global currency.
March 26, 2019, 07:35:31 PM
I don't think any currency that doesn't have some sort of physical representation would work in the long-term. What happens when the internet goes down? How about if the electric grid collapses? People are going to have to have a way to spend their money, and there has got to be something that doesn't depend on electricity. How do you think people are getting by in Venezuela during the blackouts? They're using US dollars from what I've heard, and my guess is that citizens have those dollar coins that the US mint makes that never get used in their country of origin.
Bitcoin is great for what it is, which is a bank-less, government-less way to transact with low fees. What it isn't is the go-to currency during times of crisis.
I definitely like the 'global currency' aspect of bitcoin and always have. Everyone who's in a signature campaign or a bounty here is earning the same currency, and it holds value all around the globe. That isn't true of a lot of currencies (see: Venezuela). True, someone could make a physical bitcoin but there are problems with it, and I highly doubt anyone is going to resort to that to pay for things. More likely, it's going to be precious metals and the like.
Bitcoin is great for what it is, which is a bank-less, government-less way to transact with low fees. What it isn't is the go-to currency during times of crisis.
I definitely like the 'global currency' aspect of bitcoin and always have. Everyone who's in a signature campaign or a bounty here is earning the same currency, and it holds value all around the globe. That isn't true of a lot of currencies (see: Venezuela). True, someone could make a physical bitcoin but there are problems with it, and I highly doubt anyone is going to resort to that to pay for things. More likely, it's going to be precious metals and the like.
March 26, 2019, 06:49:05 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.
snip
A form of money that dominates the others has always existed in some way or form but there is a big difference between a dominant form money and having a single global currency, just think about the level of corruption that is so widespread in many governments around the world and now give to one single government the ability to print that currency, the amount of problems that such a system will bring are incredible and it is something we cannot allow to happen. 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.
snip
March 26, 2019, 01:01:03 PM
Exchange rates will still be present and we won't have a single unified currency, but I'm pretty sure USD would be dethroned in the coming years. It may not be bitcoin or any other crypto, but it will act like what the USD is doing today that's for sure. Knowing how many countries are there and how many wanted to claim the prime spot, there won't be unity in the near future, or perhaps even in the history of mankind. It's a utopian dream that won't happen as long as people are hungry for power.
March 26, 2019, 02:44:01 AM
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 ?
Many developing countries has no access to internet and that means there will not be able to used the global currency. I think the way we are now is still better and since the political system and politicians will like to have their control over the financial situation in their country I strongly believe that they are not going to allow that to happen. 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 ?
March 26, 2019, 12:34:41 AM
We cannot integrate a universal medium which stems from the internet itself due to economic barriers surrounding the world. This would mostly affect the underdeveloped countries and their capacity as others do not have access to such.
Assuming that we have a global currency which is based on the internet, transaction fees would replace the conventional tax and other related fees. We cannot escape taxation as it is an integral part of a country's revenue to fund almost everything.
Assuming that we have a global currency which is based on the internet, transaction fees would replace the conventional tax and other related fees. We cannot escape taxation as it is an integral part of a country's revenue to fund almost everything.
March 25, 2019, 08:13:00 PM
Of course there is no need of having usd, euro, gbp and so on, all of them are backed with gold at some point, yeah? So let's make major what's in common and once was a major currency in past. I don't mean to make gold major but one global currency which will be backed by it.
But this won't happen, why? Because a lot of money is made in trading, inflation and so on, for this reason governments have huge benefit and don't care what are pros and cons for people.
But this won't happen, why? Because a lot of money is made in trading, inflation and so on, for this reason governments have huge benefit and don't care what are pros and cons for people.
All our current currency is not backed by gold, its backed by trust on our government. Thats why central banks always print money and they call it as QE. Our currency is not internet based because it still controlled by central banks and the different between crypto is cryptocurrency is decentralized cryptocurrency and backed by secure network
March 25, 2019, 07:11:08 PM
Fiat currency as it is, is quickly adopting cashless policies and easier transactions through the Internet
Governments can adopt every piece of technology they want to provide a better overall experience, but what they don't do is stop the endless money printing, and this is where Bitcoin will always be an amazing alternative. If it isn't an alternative as currency, then it is as store of value as digital Gold.
In the end, I do not see value in one global currency. I like the fact that I can choose to use different currencies depending on the situation. Locally, fiat is super convenient and enjoys 100% adoption. Bitcoin is more a value transfer tool and an internet currency, which is very important too, but we have to admit that Bitcoin very likely won't ever have a globally accepted fixed unit value.
I can walk into any store and spend €1000 and get €1000 worth of goods. If Bitcoin tanks with 5% on the way to the store, you either have to add more Bitcoin to get your €1000 worth of goods, or you have to use fiat. If you think about it, for most people it makes more sense to skip Bitcoin and use fiat directly.
March 25, 2019, 06:58:50 PM
Of course there is no need of having usd, euro, gbp and so on, all of them are backed with gold at some point, yeah? So let's make major what's in common and once was a major currency in past. I don't mean to make gold major but one global currency which will be backed by it.
But this won't happen, why? Because a lot of money is made in trading, inflation and so on, for this reason governments have huge benefit and don't care what are pros and cons for people.
But this won't happen, why? Because a lot of money is made in trading, inflation and so on, for this reason governments have huge benefit and don't care what are pros and cons for people.
March 25, 2019, 06:08:44 PM
The only chance that we can have a global currency for this world is the internet based currency as there will be no control from any country based on blockchain.
FIAT can done it as there will be an issue on whose country will be the creator of it.
And its called bitcoin. We are soon to be recognize around the world and for sure motr countries will agree on this. Its hard to have a one global currency because every country have their own belief and the power to create their own. This market can’t be control by any government, so i also believe that in order for us to have a global currency is must be base on internet. FIAT can done it as there will be an issue on whose country will be the creator of it.
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