The internet is a fast growing industry but does not yet cover a 100% of the total world population so basing a global currency completely on it would deny a certain number of people access to it.
Fiat currency as it is, is quickly adopting cashless policies and easier transactions through the Internet
Topic: Why the global currency cannot be 100% internet based and if we will have one - page 6. (Read 13542 times)
March 25, 2019, 03:46:19 PM
March 25, 2019, 02:20:00 PM
We already have a lot of currencies that are used by most countries and can be considered world currencies.
World currency can hardly be based on the Internet. If it is a generally accepted world currency, it should have guarantees of security, stability, security, and so on. The currency that will exist on the Internet cannot meet such criteria. In any case, a decentralized cryptocurrency can hardly be a world currency. I admit the possibility of a world centralized cryptocurrency of one of the most powerful state or union of states.
World currency can hardly be based on the Internet. If it is a generally accepted world currency, it should have guarantees of security, stability, security, and so on. The currency that will exist on the Internet cannot meet such criteria. In any case, a decentralized cryptocurrency can hardly be a world currency. I admit the possibility of a world centralized cryptocurrency of one of the most powerful state or union of states.
March 25, 2019, 01:54:11 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.
When we have some as authority of the global currency then what is the purpose of making one.FIAT can done it as there will be an issue on whose country will be the creator of it.
I don't think it is possible to make such currency without internet and blockchain based.Just announce gold as the accepted currency everywhere which is the only option.
March 25, 2019, 01:50:29 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.
FIAT can done it as there will be an issue on whose country will be the creator of it.
March 25, 2019, 01:34:02 PM
Is there any other thing that make the world a global place if not computer and the internet so if the countries of the world wish to adopt a global currency then there must be base on the internet and that is the only way where the world is brought under one global network of computers. That will cut the exchange and the values of money will be equal.
March 25, 2019, 11:20:24 AM
The system of using currency globally / universally in my opinion it would be impossible to walk because there are more obstacles and also negative impacts compared to the positive impact. We can feel now that with hacking crimes, this will actually make the problem bigger
March 25, 2019, 09:09:45 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 ?
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 ?
Thank you for asking this question in a very structured way!
You are talking about "one currency one world" movement! If you think it is gonna happen then what can be the best common platform for all countries? The answer is Internet!! There is no other common platform available for the world for such big scale initiatives other than internet.
Even though I don't see it happening in my lifetime, but if this happens, there will be pros and cons like every other great change and the human race will have to exist through that! But I don't see it happening without the internet.
Also the chance of shutting down the internet will be wiped off because then powerful cointries and UN will be more interested in protecting the world wide internet cable the way they protect their borders now!
Actually it is a very good sci-fi movie idea! You may want to register the idea.
March 25, 2019, 09:04:16 AM
Will we have a global currency?
Hope you have heard about bitcoin. 
Quote
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?
Bitcoin is created for the end user to have full control over their asset rather than trusting a third party or any government. Bitcoin does not have exchange rates for sending transactions around the world. Will it be beneficial?
Quote
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.
If you are sympathizing about tribal people for not having the advantage of bitcoin, ask your government to provide better health and education for these so called tribes and make an effort to bring them to the forefront so that things will be easy. Shutting down the entire internet is not possible, there may be some outrages here and there by cable breakages under sea, other than that it is fine. If there is no internet for one day, just imagine how a country will perform and the huge loss they will encounter because of that as everything is connected to the internet, not just transaction, the entire country will be frozen. 
March 25, 2019, 09:02:47 AM
Obviously, it cannot be 100% internet based but think about how much of the global worth economy is already "digital". I mean many people use either debit cards or credit cars or get loans to pay something and so forth so the amount of cash changing hands is getting less and less with time already.
Think of just early 2000's and how much people used cash to buy stuff and think of today, in just one or two decades people changed from cash to debit even for regular purchases let alone credit card. That is just normal life, think of all stocks and shares and Forex and derivatives or whatever its called and you got yourself a huge huge difference between money that is cash and money that is just on paper on someones screen. So, bitcoin do not have that challenge anymore not because it broke it but because it was already broken when it existed.
Think of just early 2000's and how much people used cash to buy stuff and think of today, in just one or two decades people changed from cash to debit even for regular purchases let alone credit card. That is just normal life, think of all stocks and shares and Forex and derivatives or whatever its called and you got yourself a huge huge difference between money that is cash and money that is just on paper on someones screen. So, bitcoin do not have that challenge anymore not because it broke it but because it was already broken when it existed.
March 25, 2019, 08:44:59 AM
I think it's possible. However I think there will still be many other currencies floating around.
I envision it to look like the current crypto scene. There are multiple coins each produced in differing ways. Some might be government-backed but they'll be in the minority.
I envision it to look like the current crypto scene. There are multiple coins each produced in differing ways. Some might be government-backed but they'll be in the minority.
March 25, 2019, 08:34:11 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.
To be honest with you, we already had a global currency buddy(Bitcoin) and if you did alot of research about Satoshi mail archives, white paper with research put together by Satoshi as said by Theymos you know that the purpose was to make Bitcoin a democracy global currency. 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.
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 ?
However, I don't think the entire world internet can be shut down and if this happen then it will be the worlds doomsday.
Will it be beneficial?
March 25, 2019, 07:40:16 AM
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?
Why it should happen like you say? It is not necessary that global currencies will eliminate taxes. Governments still will be able to get taxes from businesses and residents. The only thing that will be changed here is that those taxes will be payed in your new global currency.Will it be beneficial?
March 25, 2019, 06:21:51 AM
~snip~
In today's world global currency is a difficult or almost impossible-to-realize idea. Reason is simple, many countries want to retain their financial sovereignty / currency, which is quite understandable. UK is as a member of the European Union always rejected the euro, and big countries like China or Russia will never give up their national currencies.Internet based global currency is something that can work, and we have it today in form of bitcoin. Problem is to get people out of old habits, from using fiat and banks, in fact from the robotization of a human society who believes politicians, media and governments more than in itself.
Some data show that 45% of the world's population does not have internet access, so for them this kind of currency would not mean anything.
March 25, 2019, 05:52:53 AM
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?
Why it should happen like you say? It is not necessary that global currencies will eliminate taxes. Governments still will be able to get taxes from businesses and residents. The only thing that will be changed here is that those taxes will be payed in your new global currency. Will it be beneficial?
March 25, 2019, 05:47:27 AM
I think this is not reasonable. A common currency will not be able to assess the development of each country and it is difficult to manage GPD or something.
Because financial planners care a lot of data in each field quite well to make new policies to stabilize and develop the economy.
therefore, the common coin is still unreasonable at the moment.
Because financial planners care a lot of data in each field quite well to make new policies to stabilize and develop the economy.
therefore, the common coin is still unreasonable at the moment.
March 25, 2019, 05:46:39 AM
A global currency can't be based on internet 100%, otherwise it's a currency that will never be mass adopted. Personaly I also don't want to be a 24/7 connected guys to have a payment mean. Without even considering the millions of people who don't have an internet access
It has nothing to do with taxes, fees or similar and you shouldn't care about. You're not living on collected taxes,fees, banks do but that's no more your and our business. If we won't have exchanges taxes, don't worry the governments will surely find a new tax to replace it.
It has nothing to do with taxes, fees or similar and you shouldn't care about. You're not living on collected taxes,fees, banks do but that's no more your and our business. If we won't have exchanges taxes, don't worry the governments will surely find a new tax to replace it.
March 25, 2019, 05:26:28 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.
March 25, 2019, 04:57:37 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 ?
I don't think that's a good idea. The forex market is currently very large and it is joined by many people around the world.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 ?
Besides, having a common currency will not bring a positive effect. developed countries will no longer want to continue to grow because they will contribute to the whole other country even though they contribute little.
This is a pretty bad plan because it has no logical division.
March 25, 2019, 04:09:07 AM
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.
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.
You can shut it down in parts of the world, or even in a country. The internet is centralized at the moment, this is the problem. And something some people are trying to fix. If you decentralize internet, like Bitcoin with nodes distributed all over the world, then sure,,, you improve chances of servers always able to send and receive information requests.
Bitcoin is digital make it on paper does not make it physical,,, or does it? I am confused.
We cannot for sure make Bitcoins on paper because then we will have to either convert it whole as a paper and that won't be good , the Bitcoin is not just Bitcoin , it's a trading outlet and making it on paper will kill the global trade it have.
Maybe we can in the future see someone willing to convert their whole wallet in paper 🤣 that will be funny enough, there won't be any trading trust me the only reason it's successful is because we are connected to the world, I am sitting in one part and talking all the way down till the poles , we cannot just roam around street to street with our paper Bitcoin asking people * hey am gonna sell it this week, are you willing to buy , lemme check the price online *
It will be so funny 😂 and thus I guess impossible
And I agree with shutting down the internet part yes it's bit of a trick but it's not impossible to be honest 🙌😁
Why would we go in that direction?! Let`s start to be honest to each other, let`s make better communication between people, let`s help everyone who needs some help. Can we live in peaceful world? Where nobody will shut down each others, where you will be able to travel without problems will someone kidnap you or take your body parts. Can we live in the world without wars?
When people of the world become united we will see better days, for that we need better communication, we need to be more connected, who else can help us with that than internet and blockchain?
March 25, 2019, 03:28:00 AM
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.
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.
You can shut it down in parts of the world, or even in a country. The internet is centralized at the moment, this is the problem. And something some people are trying to fix. If you decentralize internet, like Bitcoin with nodes distributed all over the world, then sure,,, you improve chances of servers always able to send and receive information requests.
Bitcoin is digital make it on paper does not make it physical,,, or does it? I am confused.
We cannot for sure make Bitcoins on paper because then we will have to either convert it whole as a paper and that won't be good , the Bitcoin is not just Bitcoin , it's a trading outlet and making it on paper will kill the global trade it have.
Maybe we can in the future see someone willing to convert their whole wallet in paper 🤣 that will be funny enough, there won't be any trading trust me the only reason it's successful is because we are connected to the world, I am sitting in one part and talking all the way down till the poles , we cannot just roam around street to street with our paper Bitcoin asking people * hey am gonna sell it this week, are you willing to buy , lemme check the price online *
It will be so funny 😂 and thus I guess impossible
And I agree with shutting down the internet part yes it's bit of a trick but it's not impossible to be honest 🙌😁
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