Bitcoin Forum

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

No currency issued by a country can be single currency to me but bitcoin fits that though countries still use their currencies, bitcoin is used by everyone.

cryptocurrencies such as bitcoin and ethereum are the most suitable global currencies used in transactions. so we do not have to bother to go to the money changer when we are abroad. but unfortunately, some countries refuse to make transactions using cryptocurrency, whereas using cryptocurrency is efficient, safe and easy.

As a matter of fact bitcoin is being used globally and is a currency as well so there isn't any other currency required for that use. But the only problem with bitcoin for governments is that they can't control bitcoin due to its decentralized nature and it's a pretty big deal for them.

I really don't think that bitcoin can become main global currency, replacement for other currencies.
You see, if you pay for some service with fiat money, and somebody deceive you, you can complain to the authorities and you will receive your refund eventually.
With bitcoin, you can't find out real owner of btc wallet and can't complain to the authorities and request refund.
Because of it, banks or financial institutions will never accept bitcoin for their business.
Bitcoin have future only as alternative to the traditional money.

Bitcoin as a single currency will be a good idea. It can bring bad effect and can also bring good effect.
But doing that, will not be so easy. Because some country are not satified in bitcoin, because of its quality, of being volatile. It can bring big change in our economy. It is a long process, lets just wait and see, for now lets all enjoy bitcoin and support it.

You wrote a lot of text, but said pretty much nothing. Bitcoin as a single currency is an awful idea. It would collapse economies all around the world, there would be nothing to measure it against, and not to mention not everybody would have access. That would fragment the world wide markets and for that reason it can't happen. Alternative it will be, like gold is to fiat and we should all accept this. Doesn't mean though that Bitcoin can't one day reach a 6 or 7 figure price line.

Whatever it is, absolutely no! Using a single currency type will cause many economic problems to arise. Trade done on the world will fall and many countries will suffer economic collapse. For that reason, not all countries can use a single currency or crypto money type. In case of use, all people will face very serious financial problems.

I can see it but not yet. One crypto to be the universal payment currency. I mean why not, but not anytime soon at least.
It is certainly better that to change fiat money wherever you go...

I think it is possible but it would take too long. As for me, it will happen in a generation where all people are depending and have enough knowledge on how to access the internet. Through that, we will have a change to have a single digital currency than would make things easier and more convenient.

Confidence is what makes the currency has a place in the world.
bitcoin has gained a place in the currency world in recent years, but nevertheless, these currencies fail to maintain its value due to large fluctuations.
I predict that these currencies will be a safe haven and an alternative to gold in everyday life, but I do not expect to use Bitcoin for daily payments soon.
So the answer is no, despite the fact that bitcoin can be divided into small parts but the limited number will make it very scarce like diamonds.

   People will use Blockchain, Bitcoin, Ethereum, Litecoin are built on Blockchain.
People will use all crypto-currencies. Why people still doubt in that outcome?
    There isn't enough Bitcoin's for everyone. In future it will be difficult to get to
Bitcoin's, there is a limited amount as we all know. There isn't more of Litecoin's
and Ethereum's, I think they will be rare coin's on the market, but there will be many
other's, every brand will have it's own token, big brand's will posse's chain's.
   One currency can't make economy easier. What Blockchain is doing is digitalization
of asset's, every asset will have digital signature, but you will be able to trade with
only with Bitcoin

It is not too clear whether you mean fiat or cryptocurrency. But unifying currency as a single currency won't really be workable and it will make the best world very monotonous.

to be honest I don't really think that would be a good idea. Sounds mighty Orwellian to me. Even if the only currency was bitcoin! Its a myth that BTC is completely anonymous! if you are not forensic in your interactions with your wallets you can almost certainly be traced!

I think yes but not now. People aren't ready for such sudden changes. In the future, I believe that crypto currency will be the only one or the leading currency used by everyone

if it becomes a global single currency it will be very dangerous for the whole world because just a few would have the control of the entire market and the entire single currency by being a monopol

I do not think that would happen if bitcoin as a single money around the world, because every country will defend its own money.

Don't be stupid. Did you even put some thought before you wrote this? The total bitcoins that can ever be mined is 21 million and there are more than 7 billion people in this world. Even if each person has half a bitcoin, it won't be enough. Anyone who needs to use bitcoin needs to have a computer, an internet connection and basic knowledge of bitcoin.

It could be possible, we don't know yet what may happen in the near future. There are certain turmoils and misunderstanding s right now around the globe. When people have problems dealing with each other, they think of solutions that could solved it and it is the same in the business industry. I hope we could be at that moment, the moment people around the world will be united and using one currency only.

A heavily centralized currency built around a monopoly?

A number of competing currencies could be preferable.

Bitmain having a monopoly over the ASIC market could have strong parallels to a world forced to utilize a single currency. Likewise microsoft's monopoly over the OS market, google's monopoly over search engines, banks having monopolies over many markets leading to industry wide stagnation and a lack of innovation for spanning decades.

AMD versus intel and coke versus pepsi could be a better abstract for currencies. Competition offering consumers better options and terms, while fueling industry wide progress and innovation. Two or more currencies could achieve this, while one currency could be prone towards a zero incentive atmosphere where there is no effort made to improve as there is no competition from which to draw useful comparisons.

You are right, but there won't be a monopoly if the global single currency would be something that no entity can control(decentralized). This is where blockchain comes in.
At least it can reach 6-7 figures and it has the potential to be the gold in digital money(since it is the pioneer) but for now I don't see it becoming an alternative way to pay stores globally in the future(because people use it merely for speculative purposes, and the number of stores that will accept it as a payment would be limited to stores that have access to it just like credit card).

yeah, maybe if all people in this world are agree to using it and not just about that but must getting trough the govermet if you want to make it realize in our common transaction

yes, it is posible! for as long as it is widely accepted in exchange of good and services then that would be find... europe is using 1 currency and they are find. it is not also imposible that bitcoin will be a single currency of world wide.

If this is about to replace fiat currency, it is possible but very unlikely to happen because no governments will ever give up the control of monetary system in their countries, governments will always wants to have that control. If it is about Bitcoin to be globally accepted, it is already but the problem is there are still some countries that don't like the idea of a currency being decentralized and highly volatile, that is why they want to prohibit or ban the use of cryptocurrencies. For me Bitcoin is still far from being a currency that can be used for daily needs, but it is still good as an investment or asset.

right, now cryptocurrency is better for investment, because it does not have a wide reach in the world. this is indeed related to the attitude of the government that has not legalized it. but i think it hard to get approvals from all countries into a single currency

In my opnion, we will always have many various currencies to choose from. We could even treat gold, silved and other precious metals as currencies which won't disappear anytime soon. It is possible to create a currency which would be accepted in the vast majority of places in the world but don't expect every government to use it as their national currency. Everyone would like to have as much money as possible. How they can achieve it? By controlling the supply.

No currency could be used in that way.Even USD getting accepted worldwide,it still is not able to replace other currencies of various nations.Bitcoin too has some drawbacks like limited supply which could not be changed,able to be used only online and could be used easily only by the literate people.

Wthat kind of noob question is this?after mentioning that Bitcoin can be use globally,then after asking what currency to be suggested in accepting globally?are you illiterate?or just dont know what you are saying?next time before trying to make a thread make sure that you understand whats the topic is..

BITCOIN WILL BE THE COIN TO BE USE WORLDWIDE

I think its gonna be somewhat hard if we'll be using bitcoin as our currency, the only currency I think it'll be hard since bitcoin is somewhat outdated because altcoins these days offer smart contracts while bitcoin does not, the devs must make huge improvements before we even start talking about bitcoin being a single currency, but again it is not impossible for that to happen, I'd like to experience that one day wherein we would all be using one single currency, and I'd like to see what currency will be it.

Yes. And bitcoin can be the single currency worldwide since it is virtually and it has named in the society nowadays.

The number of bitcoins really shouldn't matter, because each Bitcoin is divisible into 100 million satoshis. Plus the velocity of money is another variable in this equation. If bitcoins change hands quickly enough, then it could automatically serve a large number of people.

I think its already happen all of us use single digital currency as a main credit payment of all we recieve from salary here or the service we provide to earn money and btc really help us due to fast and easy transaction we made.

it would be very good of course but i think it is a bit early for this. because still bitcoin is not enough known and not proper for it. transaction times, fees etc everything should be revised andit would be very good of course but i think it is a bit early for this. because still bitcoin is not enough known and not proper for it. transaction times, fees etc everything should be revised and upgraded more. but in mid term i believe thiss will happen either bitcoin or an other crypto currency will rule the world upgraded more. but in mid term i believe thiss will happen either bitcoin or an other crypto currency will rule the world

I think so if they decided to but it comes with a lot of debates before it will done.

US Dollar you can already use worldwide; the merchant will accept it or you'll find somebody that will exchange for you a couple of dollars to get to solve your problem, at least this is what I've seen around.
If you want one currency to get the universal currency on Earth, there's a lot of politics (and maybe wars too) necessary to reach that point. It's quite far imho.
And if you want that currency to be independent from central banks (yes, I mean Bitcoin-like) then there's one more step to go, and it's a big one; for this the way of thinking has to be changed all over the world.

So imho this is tough.

There's a possible shortcut though. And Bitcoin can do that. A coin can become officially accepted everywhere as a secondary coin, not as the country's official currency. And I think that this is the best we can do for now. This is possible.

Over time, perhaps it will. When most countries legalize crypto currency, bitcoin and some other crypto-currencies such as ethereum, litecoin, monero can be used internationally as a single currency for various trade transactions and other types of financial settlements. However, it should be borne in mind that the crypto currency has very high volatility, and international agreements from the stage of preliminary agreement to the practical implementation of the agreement can take a very long time. The cost of crypto currency during this time can significantly change. Will it be profitable in these circumstances for states to carry out transactions in the Crypto-currency, time will tell.

impossible

The world cannot use a single currency as we have different economic level and development globally, the world cannot be on the same level,Bitcoin fit in as the global currency, but value is being determine in fiat  with dolloar rate.

It is possible for the whole wide world to "accept" one or two currency, but I don't think it is possible to "use" a single currency in the entire world. You see, when bitcoin was first introduced, there was no need to have more than a thousand online money. But things happen. Almost every country accept dollars now. But that doesn't mean it's gonna be useful in the entire world. Economy is not the same in every country, the price of commodities varies from place to place. That's why this is probably not possible.

I'm sure bitcoin must be able to dominate the world. all countries will use bitcoin as a legitimate transaction tool. but despite that. the world still will not be separated from paper money. because paper money can be made as a symbol or a sign of the country.

Well, this is my insights about the future of this digital money currencies.Maybe their is possibility that the whole wide world is using single currency which is  the bitcoin. Because we are now in millenial time. All possible things that happen in this high-tech time, a lot of changes that might be made.   

I don't think it will ever happen that only a single currency will be use world wild because different country with different level of economic development and policy will definitely affect its acceptance.

One of Bitcoin's main principles is that there are no borders it has to respect or abide by. It's one protocol that has no equal, and one that at the same time can't be stopped. It's pointless to focus on what paper money will be like by that time, we should only care about what matters for us, and that's slowly taking distance from dealing with fiat. Let countries have their paper money, we have Bitcoin, that's more than enough. In current times it requires only our smartphone to transact with others or buy our daily needs in stores. I could perfectly use Bitcoin as sole currency if it enjoyed more adoption and stability. Fiat is a mixture of state and corporation money, while Bitcoin is people's (everyone's) money.

I think that it would be very nice. But one blockchain will not survive such a load and the synchronization would be very long. So for this we need another technology.

For a big purchases between countries like buying a bulk of supplies and materials outside one's country I hope Bitcoin can make the way, but to buy only small items I strongly suggest to use the old currency system.

I don't think Bitcoin will be the only single currency used in the whole wide world if everyone agrees cryptocurrencies can be used. If ever Bitcoin can be used, then there is no point of these other digital currencies if only a single cryptocurrency is accepted.

I believe it can happen if all the Countries in the World will be united and have one goal. but since there are so many conflicts among many countries, it is impossible to happen at the moment. but who knows, maybe one day it will happen. but it's another discussion if it's Bitcoin that will be used by the whole World as Currency.

Probably, if it would be accepted globally, its price will be more stable. However, it seems to me it is an illusion even to think about these things, man.

Bitcoin being the only cryptocurrency used by people is such a wonderful idea. It has a lot of effects to us either bad or good. But I think it will not be possible for a reason that some people tend to do or make something they see or copy the works of other with a few differences. More upgraded than the original. Also, not all of us are in favor in bitcoin so some of them tries to find and use other crypto. Lastly, there are so many governments that are not legalizing and promoting bitcoin.

I don't think there is a single currency in the world. The whole world lives in all parts of the world because of race, living habits and economic factors. Every country has different ways of dealing with the economy. Perhaps encrypted currency can be the medium of connection, but I do not think it is a single currency to deal with this problem. If encryption is used, it may be possible. Dozens or even hundreds of coins have been used in large scale.

I dont think so it will work out. We do have our own money that support our own country. If there is only one currency and there is no goverment able to control it there might be big problem when it comes to small developing country. Goverment would not be able to control the price of resources cause it will controled globally and the value of the money is not backed by anything for example we use to compare rupiah with USD, when usd stronger than rupiah it means our country are under economic problem which is our money lose its value. goverment would not able to control inflation anymore cause it used to be central bank that control it by controling the number of money in hands. so my point is its good to be true that there will be national cryptocurrency but there is problem when goverment cant control it.

I heard one news recently about the telegram, it seems that if worldwidecurrency will happen, it would be TONs of telegram coin.

This is not possible but right now it is hard to tell since we are diverged by our culture and by our races till humanity can't be as one we cannot see this as a possible outcome. Since we are engaging deeper into technologies these cryptocurrencies will be our future currency and I think our currency will be no other than bitcoin since it is known and the top crypto right now. But I think this is too long to happen though.

Not only that but we are technologically not there yet. The moment when everybody is able to transact with phones and use Bitcoin easy as 1-2-3 we have a chance. That will take at least 10 years as far as I am concerned, in which case we can have this discussion then. Until then it seems irrelevant to me.

this is not possible. because countries are fighting for their currency to be valuable. It's a race. I would like to have a single currency. this would mean world peace at the same time. maybe 100 years later.

It used to happen earlier when dollar had fixed exchange rate against every currency. Over the time that changed and dollar began having a flexible rate. Europe followed this system when they decided to use Euro as a currency throughout. But now, since we have advanced so much in time, I don't think having a single currency would be possible. Bitcoin gives us little hope since this is one such currency which is used worldwide, but it will take years to see this dream turning into reality.

You don't say one thing correctly: One currency can be used globally but may not massively. For example you see when price was high and there were made a lot of transactions, fees become higher and confirmation times get really very annoying, it was taking days to get even one confirm. So for massive use - no, even bitcoin cash can be useless despite of it's 8MB block size limit.

not possible, every country has a bank to create its own currency. bitcoin will not be able to replace the currency in each country. that's very unlikely.

I think this will not going to happened due to the fact that people who doesnt like to involve themselves here might be isolated with the society, I guess the government will not agree to this kind of scenario in near future cause their platform might be non-existant if that will happened since this is a decentralized platform and legitimate supported by blockchains this will going to hard for them to take control.

Yep, this is the reality because government will not allow this thing. I'm just contented if cryptocurrency becomes legal around the world, because this technology really deserve it. People should continue to support bitcoin and other cryptos, let's stick together so we can achieve an innovative and great future.

Yes, in today's world with a standard policy of every government it is impossible to have one currency, since the economic status of every country was determine by its own currency value but we cannot set aside that it will be happen in the future of the next and next generation as what the book of revelation say, as we are on the race of technological advancement and I believe that technology will really change humanity.

Yes true... But governments have a big problem with bitcon... That is, bitcoin is decentralized. They can't conrol and manipulate it's price. So bigwigs will always turn their heads to things they couldn't control. Since bitcoin has been getting more and more exposure as a currency, it has been used worldwide, but then again some countries ban it.

Every country has its own financial institution and different levels in that. Removing these flaws by bringing a common mechanism would be the major  problem. Bringing one global currency in to scene, will increase debt on countries having low value currency. For example - Indian Rupee is downgraded compare to dollar and hence such conversion may lead to increase debt level over our country. The bigger a system gets,the more it become prone to faults. Distribution of powers among developed and developing countries would be another major problem.

I think it is impossible.

For me i think bitcoin and ethereum because these two cyrptocurrency is a strong and very popular crypto for safe and fast transaction and a good payment system worldwide.

Bitcoin is now in use worldwide and you know about that right?so whats youre concerns here?you wanted the world to use only bitcoin instead of their own currency?no this is impossible and wont happen in the next 10 years,and if i am to be asking?i will be comfortable about whats the setting now,we can use bitcoin purchasing anything we want,or if not possible we can just simply convert it to fiats and then buy what we need.

it seems that it would not be possible if the world is only using one currency only, if you want to create 1 currency for this world and the whole country in my opinion the currency must have a total supply very much because the number of people in this world very much .

It is possible because they just need to unite and if the countries are finally united then a lot of possibilities will come like having a single currency which all of the countries need to agree so there will be no hate and that will give equality in all of the countries because all of the goods will be on the same value and there is no need for computation.

It is not ideal to use one country's currency as an international currency. Unless the world unites to become a country, with a unified central planning and scheduling, it is easy to collapse the system because of the intrigues and selfishness of the state.

I think it is impossible because we have different economic and political systems, it will not allow the laws of demand and supply compensate
for the change in purchasing power of the currency in one country as opposed to the other. We also need to consider the Universal Central
 Bank, to make a singular currency policy for the entire world. Which is impossible to do for all countries and all banks, we have to keep in mind
 the inflation situation in all of them. Currency is a part of a country's identity. But to  Bitcoin yes. We are using one currency even though we
are on a different country we are using single currency and this fix something that isn't broken.

very clearly it can happen if the currency has a total supply of very much and can be reprinted again, but if it does not have a total supply that is very much and can not be printed again then sduah surely it will be difficult to become a currency to use in all countries.

As a matter of fact bitcoin is being used globally and US dollars is accepted globally. For a single currency worldwide, possible only if we have a united world. The question is, who would lead us and what currency would it be? Would the super powers around the world agree to be under the other?

Tell me, how to plan the economy of the country in bitcoin? The rate of bitcoin changes constantly and that takes off in price more than twice, then falls by 70 percent. The prices for the goods in general will then not even have approximate constant values. You need to tie them to anything more stable in their value. And how will enterprises and various trade organizations report to the tax authorities? The price of the goods has changed constantly. But in general, how can you use money that will not depend on the development of the economy of this country at all?
Therefore, the crypto currency can only go as an additional to the basic ordinary money, and no more.

It is very possible through bitcoin and I think after a developed country like American began to used it as a currency the whole world will adopt it because bitcoin is the only form of money that is decentralized and you can used it any were in the world. Every other form of money is centralized and the regulatory agency make law that guide its used but not like bitcoin that has no regulations and dominant by a country.

Bitcoin itself is a global currency and has no geographical discrimination.

If the question is that if the world world can use a single form of currency/money as the global standard of payments and value, then the answer is an obvious yes. Before all the fiat currencies came along, gold and silver were both global currencies.

BTC seems to be an obvious choice if there was to ever going to be a globally accepted currency, since it can be easily transferred within and between countries. That is something that both fiat currencies, and even gold/silver lacks.

Technically crypto currencies, like bitcoin, is globally accepted but not one country has ownership or backing it up. You can say that crypto currencies could be a stock that people can exchange for other goods ir servixes or even currencies. Today, bitcoin is globally used but not all countries actually accept it. But i think a single currency per se isn't possible.

Yeah this is right. Reason is, right now, the world is divided into three different categories that defines the developed countries as first world counties, the developing countries that contains second world and third world countries. And all this thing just divided over economic health of the countries. Since if the single currency concept would be accepted, there would be no difference remains then.

Why do you think that after the United States, or after another large country, will take bitcoin and others? There are many countries in which there is a very low standard of living and there is no possibility to use digital currencies.

very good input. with the bitcoin going to be one of the transactions, bitcoins and fiat currencies can go together without intercourse, they will have their mutual manifest. when fiat money can not reach inter-country transactions at low cost, we can take advantage of a bitcoin payment system, with minutes and no high fees

Right now it is being used as a payment system and it's already globally accepted. Although there are some countries that prohibited it but the number on how many adopted it is many.
We are in bitcoin forum so it's obvious that I want to see bitcoin accepted globally without any problem. As I've said it's already accepted but it's better if those countries that banned it will remove the sanction.

The possibility is there but I will not rely on it, bitcoin is one of the best currencies all over the world, what it's lacking is adoption, but the people that could make use of bitcoin the most are some of the ones that are the most opposed to it, people of the middle class could benefit enormously from bitcoin but they do not use it because they are too comfortable, they like the way things are, despite the fact that they are enslaved by huge amounts of debt that are probably going to be unable to pay in their entire lives.

Bitcoin or ethereum can be used as a single world currency. However, in each country should remain their national money. Then the use of crypto currency for international settlements will not have negative effects. True, a lot of volatility will vseravno remain. I've read that last December an agreement was reached between Russia and Turkey on the delivery of barges of some goods and payment was made in bitcoin. The supply contract was concluded much earlier than December and if in December bitcoin rose sharply in price, then one party to the agreement won and the other lost. Would the state want to continue playing such a roulette table ?.

It could be possible that bitcoin can be globally accepted, but to be a global currency is nearly impossible for bitcoin. I can't really imagine that bitcoin would be a single currency in the world, because of its one feature that is really hard for everyone to use it all the time, because it's only available on the internet and no physical appearance like the usual currency.

first it is impossible for the world to have only one currency. we know that a country's economy can be seen from their local currency exchange rates. what if we only have 1 currency in the world? let alone just bitcoin? of course it is impossible to happen. it may become possible if bitcoin becomes a currency used for international currency. anyone can use it anywhere. but local currency also still exists

It’s not possible, the only way we can be able to have something common is through Bitcoin, because it allows us to send and receive money from any location the world without any middleman like banks, money gram western union and the likes of them.But as for making use of one currency, it is 100% impossible cause currency has what it represents in every country and is very important. We can’t share one currency and all countries are not worth the same.

There might be possibility that the whole world use a single currency, if the government in every nation will approved the use of one single currency that will approved by every leader of the country to agree the use of one single currency.

It will not happen, whichever is possible in this world only uses a single currency. whereas at this time alone every country already has its own currency whose exchange rate is different. even in the World there is a single currency that can be used by some countries, I think the money is Bitcoin.

There is very slim chance that we will have one global currency - there are simply too many problems associated with this solution.
First, there is an enormous economic discrepancy - a vast majority of people in the world are earning less than $3 per day.
Another thing is - if we are talking about digital currency/cryptocurrency - then we need some basics just to be able to access the network.
So having wireless internet connection/smartphone capable of handling wallet/app is necessary - again this is possible only in countries which are already developed.

The single currency in the world already exists, it is the us dollar. It is accepted worldwide and can be exchanged for the national currency.

I think bitcoin has been used already as a payment system and it's already globally accepted. Although there are some countries that are prohibited digital currency but the number of countries who adopted digital currency increases more.

As for now BiTcoin is still developing to reach that state...  Where almost all countries all over the world will used it as their money...  If it happen it will be very easy for us to used it...  I think before it happens there a lots of things will pass in otder for the BTC will reach the success...  As for now we are hoping that soon it widely recognized we are hoping it happen soon...  Where all countey accept it as the currency...

Definitely now. We all know that bitcoin and cryptocurrency can only be used with the help of internet connection. Plus, the knowledge and the adoption of its usage is limited and varies from one countries to another. Taking into consideration the economic status of each country as well makes its possible.

For countries belonging in a  what we call third world country, internet is not a necessity. It is a privilege for those who can afford, meaning not all people can use it. It will be completely biased and will only be in favor of those who belong in large countries wtih good economic background. I just don't see it happening. By doing so, by using bitcoin as a global currency, only more problems will arise rather than, it, being the solution.

Why not, that would be awesome, i mean there won't be exchange rates, in this situation i would have a clear image about the value of an product or service.

These things are all about will, when, how, what etc etc. For now we should be focusing on the development which can get things done in short time Unless and until we dont have proper infrastructure and also the rules and regulation which forms the prime thing during the intra-country truncations then we cant do anything. So better we should not be asking the questions like this right now, what we should be focusing on is question like, how fast can we develop this thing.  ;)

I think yes, it is but it would take time since our era isn't depending on technology so much in terms of finances. People lack knowledge about digital currency that they need to be educated about it first. It is possible but it will really take time.

I also doubt that bitcoin is suitable for the role of a single world currency, at least in the form in which it exists now. Bitcoin can not be obtained anywhere, you can change another currency for it, which again makes it difficult to switch completely to it and affects the "supply-demand". Well, most importantly, bitcoin is regulated by an internal algorithm, that is, if the number of bitcoins approaches the critical level, its release will be terminated.

This can not be possible the greed politicians will not allow such to take because it will hinder some criminal activities and ones it a cryptocurrency it means the currency is decentralized and criminal activities can be trace

when we can focus on crypto development. would be very good. the questions in the OP will be answered along with how fast the crypto and bitcoin currencies are in use in the world. maybe only we can speed up the bitcoin growing in the world.

This is the target of bitcoin, to be the world's currency. Unfortunately, many countries are very explicit in saying they don't want that to happen. And in line with this, there has been countries like China who made a strong cause to ban bitcoin in their country. Still, because of greed and the fear of not being in control is still, for me, the only reason why they will not approve of bitcoin.

Its hard to happen and almost impossible. We know every country have their own regulation and policy about currency and obvioustly central banks wont lose their control on money supply. I do believe that bitcoin is like store of value or an assets

Bitcoin already accepted there only 1 country that ban bitcoin it's china the rest is making there way in.

You want bitcoin accept globally but instead you want other alt coins to replace it. Why is that? Are you drunk?

it is possible if government will allow it to happen since most of the people in the community really love to have faster transactions and easier way of purchasing goods online or offline and cryptocurrency is one of the best way to do that, so i think that in the future, everyone will agree in this kind of idea.

I guess its impossible that bitcoin will be the only currency that will be use globally. If that will happen successfully then fiat money will also vanished. For me fiat played more important and it is easy to use when you have cash on hand and you are in places that you cant do any transactions with bitcoin.

Are you pertaining to just crypto currency or a single physical currency? At any rate, it wouldn't matter. The answer here would be a "NO" for me. Having just one single currency to use world wide would mean that there's only one government to rule all. A single bank to monitor and circulate the currency. Just these two alone would start an economic meltdown and would, most likely, be chaotic. Different regions/countries around the world have different currencies that help stabilize their economy. Moreover, having their own currency makes it accessible for the locals as well. Let's say, crypto for example, even now not too many people have access to it so imagine what would happen to them if cryptos would be used as a world wide currency? They'd probably start robbing people of their possessions. Still, how'd they sell those since they don't have access to cryptos? I think the world's ok in terms of its current state of having different currencies.

We can say that the world will have a universal digital currency in the near future, but not all people will have the access to it. As long as there are still third world country and those people who dont have knowledge in technology it will noy happen.

No I don’t think that is possible. Every countries are not the same, our economies are not even the same, some countries are way more better than the others  and even has a better economy than others, so that makes everyone to be on a different level and you don’t expect people who are on a different levels with their currency being better than others to start making use of the same currency which is –Bitcoin. It’s never going to be possible. I don’t really know how to explain this, but the truth is that it won’t be possible.

If there is only one country in the world, there may be a unified currency!

The BTC may become a common currency in the future!

And the use of a currency all over the world is bad for the economy!

it is very possible and possible if world currency can be based on euro, dollars, pound sterling. it is very possible that one currency can lead the rest which i think can be cryptocurrency. it is possible one globe one currency.

In this era where technology is rampant, it can be possible because now, bitcoin is growing and it's been accepted globally. If the all the countries will allow bitcoin then that would be the time that we'll only be using the same currency and it's great.

It still has possibility that the world can use single currency because that depends on the agreement of the countries if they want to have a single currency or not. If they will have one answer and if that is yes then they will make move for sure that will start the process for the world to use only one currency.

That will never happen. But if Bitcoin becomes a common currency in the world then we will be very happy about it. Countries will not have their own currency and everything will be balanced

For me it is impossible. I think many countries will not agree to change their currency. The currencies of every country has a sentimental value. And its not good if we use only one currency.

it might be happening in the future as we know that there are a country that has not stable in their economy and I think if all country has agreement to united in one large community of human, then maybe we can use one currency which can be used in all places. maybe in the future, we are going to see that what we watch in the movie like star trek will happen.

In my opinion that is impossible to happen because every country have their own currency. Eventhough bitcoin can be accepted in all around the world but bitcoin only can use as alterlative currency. Every local currency are really important for the economy in every countries, so the government in every countries Will protect their currency.

It is really accepted but you should consider the fact that not all countries is using it and even some prohibits the use of bitcoin. Some banks even ban bitcoin because of its volatility.

The virtual currency is currently well appreciated for the future using the same money; many think that Bitcoin brings the most significant growth in the future but is now in the sixth place. World rankings, if you pass the currency, the Bitcoin currency will become popular.

Yes it is and it also written in the Bible that there will be one currency for the whole world. And when that time comes, it is indeed a sign that we are on end times. What ever things written inthe Bible it will come to pass.

That is what we are already going toward that. Bitcoin can be consider as the single currency to be use by all the people of the world. i think that it will become more easy and comfortable for the people to use a single currency instead of using their different fiat currencies.

BTC is an excellent currency to become worldwide. At the moment, USD is a world currency and its price is based on oil production, which is heavily artificially overstated. the cost of BTC is also artificially overstated and revalued. And why can not it become a single legal currency?

It is possible kinda like how gold could be accepted anywhere globally. Dont expect it to be widely accepted though. I mean, bitcoin could potentially dominate transactions in the internet and the currency online could be considered as used globally. However, respective local fiat could still dominate day to day transaction

Dollars is accepted anywhere and small exchange store are scatter everywhere so I think there will be a time wherein BTC is accepted on every store if not there is a store whom you can connect to use your BTC purchase things around.

I think that if everyone in the world uses the same currency they are very good. But this is unlikely. Because a country will have its own currency, value and symbol for each country. The culture of each country is different to create its own identity. Currency too.

I believe that bitcoin has been used globally as of the moment in most countries who accepted cryptocurrencies and if i were to choose then definitely i also prefer to use bitcoin. Less hassle and fast transactions most especially when am out in my own country.

Some countries are already using bitcoin in their transactions in paying bills and buying in online shopping and i think time will come that bitcoin will be legalized and considered currency but fiat money will stay together with bicoin.

I don't think that the whole world would unite for having a single currency, for sure it cannot happen as many people are not really in favor or cryptocurrency due to some reasons and one of them is that they don't want to have a cashless society.

Honestly, I think it is absolutely impossible because of the difference in the level of development and difference in the level of technological advancement in different Continents of the world. There are people in my country that will not accept U.S dollars for goods or services provided. They want what they know and understand. The amount of alternative coins in the Crypto world proves that people have started resisting the use of Bitcoin as the only digital currency

I think it is not possible and will never happen that we can use globally only one currency. Every country have its  own right that are good for the people. That is why there are money changer to change the currency of other country on its own currency because you can not use other country currency to buy in your own location. Bitcoin can use only in the internet transaction not in real money.

It can't be possible. Because there are no boundary to entry in crypto world,many currencies are here in the market.How can you avoid others if you accept only one? Without that there are some others problem that it have no authority to control volatility,many country doesn't accept it in their country,many scammers and frauds ate usiing it to doing crime.

I think the only problem with bitcoin to the government is that they can not control the bitcoin because of its decentralized and it is a big deal for them. bitcoin being used globally and is a currency also so no other currencies required to use it.

I believe this would be happening just in coming few years. Because this has a solid root cause. Bitcoins can’t just live in this world all alone, without presence of fiat money. While the fiat money can exist independently. But as bitcoins are getting more famous and popular.

There would be a day when bitcoins and fiat currency would be against one another in usage. Then their mutual combination can give relief to the mankind.

I think  it has no possibility ,because if that happen many holder of other coins well argue with that, and scamming will become more easy, and many people will make a way to avoid that just like what they have do when BTC value increase, they make other altcoin that more better than BTC such as bitcoin cash and more other cryptocurrency.
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It is possible if government will also allow it to happen in their country since not all of the countries do really like bitcoins because of its growth that cannot be easily controlled.

I think if the world is gonna have a single and common currency, it would benifit all, but trading currencies wouldnt be possible then, but I think if the world is gonna have one, then cryptocurrency is gonna be their choice and the most commonly known cryptocurrency is bitcoin, I think it would be better if we will have different currencies for us to be able to trade and earn big.

Indeed, I think every country do not want to replace their currency with bitcoin and every country have different internet infrastructure. Every government have their economy advantages and different economic growth.

The growth is not the problem but by being Anonymous and fully decentralized of bitcoin which is very hard to implement a law regarding regulating the used of bitcoin and also on how to charge taxes. The US just charge taxes on crypto that being held on exchange but if atomic swap is implemented. Then there will be no exchange needed and it's​ impossible to cut taxes.

The world will never use the single currency. Unless the world is united, there will never be a single currency.

Because countries need to develop and use either side of the currency will do more harm than good.

Every country wants to be independent and the own currency is one of such elements. So, we can see how strong is a country regarding others by looking at its currency.

Moreover, world’s experience on creating a unified currency is not very bright. Euro has been created, but there are still national currencies in use.

Maybe this is a great idea.
But it is not possible for bitcoins to become a global currency.
Because there are some countries currently banned bitcoin
But maybe in the future it will come true
I hope that, It is very convenient for payment in business, life ...

Country leaders can't agree in most things and currency will be one of them. I don't think USA would agree to use yen as global currency as well as european countries.

Bitcoin for now will only be an alternate currency and it will take a while before countries even try to accept it.

The governments might not agree on a single currency if it is decentralized one because they effectjvely control it and it may harm them financially and economically because of its uncontrollable volatility. These governments might instead create a unified world currency that can be adopted by all parties and this one might be centralized like ripple.

A lot of people may adopt bitcoin usage as their preferred currency of use, but believing it would serve as a single currency in the whole world is just one absurd way of thinking. Who governs it, where is the central policy going to be from ?

I guess some of us have forgotten what it means for some countries to be independent and unless each country wants to come up with their own policies for usage as a currency in the country, I don't see how it is going to be that easy and which we both know it is not possible to even have that as no government will pick decentralization over centralization.

Using a single currency for the whole world will be a huge mistake, you must understand that economy of each country is different and each one of them needs their own currency so they have more flexibility to manage their economies, while I have huge faith in bitcoin I do not think we're going to see bitcoin being adopted as the official currency of any country, because bitcoin will be too restrictive to the economy of that country and they will be unable to manage their economy effectively, which means that even if cryptocurrencies will be adopted by a significant portion of the population we cannot hope to achieve that everyone adopt it.

Agreed.I do not think that there will come a time that the whole universe is going to use a single currency.We have our own currencies that are centralized in nature.And since bitcoin is a decentralized one,the government cannot monitor and control it which will make it very hard and difficult to make as an official currency.

There will be many crypto currencies that will be accepted globally, but I am in doubt if Bitcoin will be one of them.

It’s actually very possible for that to happen in the real world but it’s going to take a lot of time and compromise for that to happen in the real world because it’s going to be hard for governments to do away with their national currency which makes it hard for them to just abandon it.

The world currently works on having lots of seperate 'floating' currencies. Because they 'float', their value changes relative to each other; for example one US Dollar buys 1.03 Canadian dollars buys 0.62 British Pound buys 0.73.

Now each country or each currency has a central bank, who can do certain things to make their currency worth more or less, depending on the needs of the day. For example, it might be really good for China to keep the value of the Yuan quite low so that Americans can buy Chinese exports for cheap and Chinese companies can make a lot of money. Countries that have to import a lot might prefer a higher valued currency and so on.

The problem is that each country has different things happening in it's economy. The Germans are very focused on exporting things like cars, which is fine, because they get money for their cars. But Greece isn't exporting much stuff at all, and in the mean time, each Euro isn't worth as much and the cost of things in the country tends to rise as a result. This is fine if you're getting more money because you work in Germany making cars and you're selling more and this year you got a bonus, but it's not so good if you're in Greece.

This is an economy that's doing two or more different things in different places and you end up with a weird situation where people in one area arent earning very much, but still have to pay the same prices as the people in the rich area.

This is a pretty simplified way of explaining it but tl;dr: Poor People would have to pay rich people prices for shit.

That's not possible to be using one currency in the whole world.

Well, OP, that's what we kind of have now. Everyone's using bitcoin (apart from other alt-coins), so I'd say that it's being used globally.

But, if you mean that one and only one crypto will be used, then the answer is no. Creating your own crypto is easy nowdays and everyone can do it. Also, countries are developing their own.

The way I see it playing out is:

- all countries will have their own crypto, backed by fiat
- various cryptos will be used in various businesses they're designed for. One coin for one business.
- they'll probably become something of a token. Something like what steam has, but you'd be buying crypto instead of dealing with fiat on their platform



p.s. also what you're referring to is somewhat close to NWO ;D

It is possible but very unlikely to happen given the circumstances currently. If the world would adapt and implement a single currency to be utilized, underdeveloped countries would suffer the most- making the rich richer and the poor, poorer. Hyperinflation would occur into different underdeveloped countries and they are subject to the abuse and manipulation of prices.
Though it may be unlikely, I still consider the possibility of having one standard of payment in the future. Maybe once countries are able to adapt change technologically and economically, then we might see the blockchain technology behind the platform.

Digital currency has emerged immensely, and is becoming more popular and recognized systematically. But the existence of fiat currency is still largely accepted compared to cryptocurrency, it has been in the global market for centuries. It is also the easiest form of exchange and trading all over the world, has legal tender and is backed up by the government. It's hard to conclude yet if single currency will be widely adapted because not all people are tech savvy, and also countries and establishments have its own jurisdiction and restrictions. Honestly, for whatever reason it's hard to foresee and its never easy, but if it will be totally regulated and legalized in the whole wide world it would take some more time. But I think cryptocurrency can still operate while fiat is also functioning on its own.

The benefit is not even something we should be thinking about when the impossibility is more. Moreover, I really do not see how one system of governance is going to benefit anyone, as this is what it exactly implies in case we are not seeing that picture.

Secondly, I do not believe any government will even want to make that decision of picking bitcoin over their currency unless things have really gone so awry with their economy and this can only be done by accepting it alongside the fiat, and not imposing it as a single currency before we even start referring to the whole world.

Despite the increasingly global nature of trade, the economies of each country around the world continue to differ significantly and require different management. Bringing all countries into one monetary policy could lead to political decisions that would benefit some countries at the expense of others.

Precisely! I understand that we purposely want to have Bitcoin to be used as a single currency in the entire world to experience its uniqueness that sets apart from the traditional way of banking or investment. However government has a strong authority or influence and that's why it's hard for cryptocurrency to take over the spotlight of centralization that's already in the traditional market for generation. I still consider that it's going to be possible, since cryptocurrency has already been making noise from across the world, and many have acknowledged its value, but I don't think the process would be smooth and simple for its wide adaptation to become a single currency because of some considerable factors that might affect each objectives. After all, the choice is ours, either cryptocurrency will be used as a single currency or not, we can still use either of these as each of them offers different beneficial services.

The future is that of cryptocurrency and bitcoin is the king of this world. No doubt that in the future all the people will use bitcoin for their daily needs. Bitcoin will be the mainstream in the future. Now more and more people are investing in bitcoin because they know the advantages and usefulness of bitcoin. The use is easy and holding can give you a big profit after some time.

Though bitcoin has not gone mainstream yet and it absolutely needs a good amount of time before becoming legalized everywhere but once that will happen, there won’t be any room for paper money or fiat. Why would anyone go with slow and sloppy methods when they will have the option of wrapping up matters in seconds with ease? Bitcoin is the future of money and digital currencies are destined to replace traditional money methods.

Bitcoin cannot be and it will not be the world wild single currency that everyone will use in the whole world and will not any single currency that will be accepted world wild in my opinion.

Since bitcoin is decentralized, it is a world currency and does not belong to any country. Bitcoin is the currency of the people, which unites the whole world.

In my own opinion, it was really possible for that to happen in the future but since fiat on different countries does not have the same value of money then there is no doubt that government will not really agree on it.

Its possible and its probably coming in this century I can help but see visions of all the dystopian films I have seen growing up when thinking about a one world government. Skynet will probably be the leader of this world haha. On a serious not though this is why I really love btc because its a version of cash that would suit this new cashless society

Somewhere in the future, we will all use one currency, yes. The world and free economy always strive towards the simplification, it is only the Governments that complicate things, but in the long run, they are powerless.

Governments should be there only to correct the misses of the free economy (like segregation between rich and poor), however mostly they only induce it.

Same as the European Union having a common currency for usage, in the future there is possibility for a single currency usage around the globe. For the same, majority of the countries need to give approval which is not gonna happen in a short time period because economically grown countries will oppose it.

I think Bitcoin is already  Globally  accepted by Other Countries as you can see Asians or American's are using Bitcoin now.

=\;l
Really appreciate your move here. There is a possibility but it would take decades to have bitcoin as a common currency to be used worldwide. But authorities would not led bitcoin rule over their local currency as local currency has been its major supportive from the day one. Heavy competition is already in place. So lets see.

Government allowing it to happen in their country does not mean they will allow it to take over the centralized fiat system.
You think governments all over the world will want to give up their currency for a decentralized digital currency ?

You better think again, because that is a total level of impossibility. Sure, we may get to see regulation and adoption of cryptocurrency with each country playing its own role the way she best fit, but it would only be in par with the normal currency and I see this space ending more like stocks in the long run.

Everyone is dreaming to such a thing, one world,one currency. But the present status is other wise. We are from different country of origin,with its own Governing laws to follow. We are leaving separately, divided by water,by region, by our own belief and different currency. The entry of crypto currency in global market trading as its presented as it is an alternative currency vs FIAT for its global transaction experience a lot of resistance, plus the issues on Banned,Scammer,Regulation whether or not they will allow crypto currency transaction without FIAT. I am looking forward though that the said issues were address and crypto currency transaction will be globally accepted.

There won't be a single currency around the world where anyone can use it. Because fiat money are sometimes known to be legacy of the different country and sometimes it is the national treasure or identity of their country.

That's the most likely scenario, but the thing with Bitcoin is that we don't depend on just one aspect, and that alone makes Bitcoin a very powerful tool. In the end, with how professional parties will take over this market and the stability they bring, it will incentivize people to actually start using it as currency, and that's something people here don't yet think about.

The only thing we see people say is that Bitcoin is slow, expensive, volatile, etc.

All these aspects are part of an emerging market that yet has to make a complete transition. We can't expect a market filled with idiots and get rich quick noobs to become stable. Professional parties, which happen to be mostly conservative, will take over the major part of this market eventually. If you add that exchanges will be subject to very strict regulations, similar to what rules stock markets are subject to, extreme volatility will no longer exist.

- Bitcoin's investment aspect will flourish, although it being in a much slower pace later on.
- Bitcoin's store of value aspect will flourish.
- Bitcoin's currency aspect will flourish.
- Bitcoin's use as high value transaction tool will flourish.

Small transactions creating high volumes will be dealt with through LN, and the rest of the high value transaction will be dealt with on-chain. Solid.

I don't think it's realistic idea.
For something like this we will need one world government, one central bank and one country.
Currency is an important part of every national sovereignty and also average people like idea to have own country, nationality, currency etc.
This is not an idea for our age.

Bitcoin can be useful as a common currency world wide mean time it will be essential to maintain the local currency as well to maintain the economic balance of each country.For the concept of a single currency world wide means it will be a time consuming one to come up to that standard for the global community.All countries in the world are not maintaining the same living standard and the education systems it will be impossible to handle the single currency system though the bitcoin is the most powerful currency in the world.

It is not possible to use a single currency in the whole world, even if it will be possible it will be bitcoin and it will have to under go so many development because bitcoin is for educated and smart people

Every country must have uniqueness and problems in transactions, if the world uses a single currency then this is not fair for a third country because that regulate and control the money of course is a strong country so I do not agree to the world using a single currency.

I do not think that this is possible, people in different countries have different thoughts and different goals, one currency is not profitable for them

Till now all countries want to use their own currencies and it’s difficult they agree on one currency.
But it can possible in near future they all together on crypto platform, and if it happen than bitcoin & ethereum will make a big contribution.

I believe that it is possible because we all know that our technology these days is already advanced. I think it would really just take time for us to have a single currency because there are still lots of things to consider. Educating people about crypto matters as well specially nowadays that people are into digital currency but there are also people around us who don't have any idea about it.

Nothing is impossible and it is applicable to this idea. Since we are diversed by continents and countries and etc. We have our own cultures beliefs and everything including currency. Maybe in the near future governments will legalize bitcoin for the greater good of all and for the innovation to currency they will make it as a universal currency for all to use since it is known throughout the world it is possible for this to happen.

well, if we are looking forward to seeing Bitcoin as the main currency in the whole world, then all the people must have an Internet Connection in their Houses. and all of the transactions will be done electronically. that means we must require even the homeless ones to use Bitcoin as Currency. Not unless Bitcoin will become physical money and can be used by anyone.

Bitcoin is already a global currency but when it comes to the using single currency, I don't think that any cryptocurrency suitable for that job as of now because we don't have high literacy level on a global scale when it comes to the technology and thus most of the people would not be able to use any digital currency. On the other hand, there will be people always prefer using fake currency is it that you are the advantages of cryptocurrencies. Thus, it is not the right time at the right time to think about implementing single currency system.

I do not think that bitcoin can be used as a single currency under interstate trade agreements. The reason for this is the same high volatility of bitcoins. International agreements are concluded well in advance and before practical implementation takes some time, sometimes even very significant. If during this time bitcoin will rise very strongly in price or vice versa, it will fall much, one of the parties will suffer big losses. Will these countries be able to play roulette with bitcoin for a long time? And why do they need it?

I think it is impossible, if the whole world uses a single currency. I think many countries are experiencing economic crisis.

It is not that impossible for bitcoin to be the single currency traded around the globe, here most of them think that you need to replace the fiat currency, that is not possible but anyone can trade bitcoin throughout the globe and it will be the currency being traded worldwide in a few years.

Yes that would be possible to happen and for sure it is a single way transaction in different way. As of these days we use fiat but many people use bitcoin for any transaction will do. It could be an online buying, paying bills, home credit and others. It is very acceptable at this moment and in the pass years because it uses in different areas. All I know bitcoin is the most and commonly use globally.

It may be one main, most stable, trustful and popular. Like dollar on the fiat field. But like situation fiat there will be always a place for some local and specific cryptocurrencies. Even if they will be less stable, not so widely spread and less comfortable to use becaouse of this.

Yeah fiat has been very common for sure but it was an old age currency mate if we look at the time now we are in modern age where people prefer using digital currency instead of fiat money, now everyone is busy they hardly find time to pay for fees and to pay for bills so bitcoin gives them relaxation and it is very easy way to pay for goods what they need in life, I think it is very possible to see bitcoin at top than fiat currency.

Yeah I see this idea of having a single currency whole world will not make in a reality as what have you said we have in different economic situation and have different set of standard cost of living. The economic style of Asian country is not same from the European country. Also the leaders of every country will not support on this plan as they can't control their economic rating.

Yes, I agree with you. Having a single currency around the world will never work for all of us. The economic situations of each countries are different, so it would be very difficult for us and for the government to accept this idea.

Yes true, besides the economic problems of all different countries of course if using a single currency then it would be easy for a strong country to control a poor country like in asia or africa, I do not agree the world uses a single currency because it makes the world become unstable.

A single currency must be accompanied by many other measures for integration and harmonization. It would require a strong and effective world monetary authority or central bank, working in the common interest and freed from political manipulation, to manage the world currency, regulate the money supply, and ensure adequate liquidity without inflation.

Fortunately, this prospect is totally unrealistic. There is a huge variety of currencies in everyday life and in the crypto currencies world. And this feature allows investors to make good money by combining different coins in their portfolios.

maybe that happens, but not yet. The difference is that the bitcoin is possible for all the currency the hardest people will be able to adjust. thanks ..

Well i dont think so. Coz if you pay for some service with fiat money, and somebody deceive you, you can complain to the authorities and you will receive your refund eventually. With bitcoin, you can't find out real owner of btc wallet and can't complain to the authorities and request refund. Because of it, banks or financial institutions will never accept bitcoin for their business.

Beside that, central bank every country must be wont agree with single currency. Central banks must be do not want to loss control on money supply and they will not approve regulation on single currency

I think if the world uses a single currency then it can improve the welfare of everyone, reduce unemployment and so on, if the world uses a single currency then global transactions become easier and price differences in all countries will not happen.

That is an excellent example. However, it is unfortunately also the example how in some countries it cannot work before some other problems are not being taken care of. It's a process (..if you watched "Analyze this" :) )

Yes it is possible. If most of the people from all over the world will use only one currency then after that the remaining will also prefer to use only that currency and they will try to make it the only coin of the world to be traded and to be used in the crypto world. Then that coin will be the only used global coin and all of the developers will try to work for the development of that only.

Yes of course, if government will allow this kind of system that people will all use cryptocurrency then life will so much easier since bitcoins today is growing so fast in the market and if you are a good trader then you can be very rich within just a few months.

No, because every country want to have their own local currency which is way comfortable andconvenient to them. I don't think they will adopt other foreign currency instead of using their own as it can be manipulated by the host country if they want to shutdown any economy I mean their rival which sometimes make any conflict anytime so that is why they stick to their own currency. Bitcoin can only be used as a single digital currency and I know that it will be happening soon due to the fact that it is decentralized and has privacy.

It will not be possible because there are a lot of people today who are not capable of earning cryptocurrency and if government will allow it then it was good since everyone will know about bitcoins that it is not a scam.

I truly don't feel that bitcoin can wind up principle worldwide money, swap for different monetary forms.
If you pay for some administration with fiat cash, and some person cheat you, you can grumble to the experts and you will get your discount inevitably.
With bitcoin, you can't discover genuine proprietor of btc wallet and can't grumble to the specialists and demand discount.
As a result of it, banks or money related establishments will never acknowledge bitcoin for their business. Bitcoin have future just as contrasting option to the customary cash.

Yeah it is right that bitcoin has no borders and anyone can invest in bitcoin. It is the currency of the whole world and that’s why I can say that the whole world can use just one currency. It is good because the use of bitcoin is easy throughout the world. Payment is easy. Just transfer bitcoin from your wallet to the seller wallet in seconds and without any exchange.

It's a dream that probably have no chance of becoming real. Different countries have different beliefs and culture and having a common currencyay prove to be a problem since not everyone would be im agreement to certain aspects. It would be nice though but almost impossible

Bitcoin has the capability to be the universal currency in transaction on a decentralized base system which could offer faster and easier way of doing transaction with the used of internet and the blockchain system. Yet, the only thing people need to consider is the information they would gather about bitcoin. Because most of people really depends on bitcoin to be as a form of investment that they could used in trading which it is not a form of currency which dollar does in the market. We need much more support by the government and other sectors of the market that could help on the process of sending the right information to people who can used bitcoin as a universal currency.

I think it is possible. Every country has its own financial institution and different levels in that. Removing these flaws by bringing a common mechanism would be the major  problem. Bringing one global currency in to scene, will increase debt on countries having low value currency. For example - Indian Rupee is downgraded compare to dollar and hence such conversion may lead to increase debt level over our country. The bigger a system gets,the more it become prone to faults. Distribution of powers among developed and developing countries would be another major problem.

There is absolutely no possibility unless we just want to be deceiving ourselves. Take a look at how things have been in most countries as centralization has been the norm of the day and we want to assume bitcoin to take that space ? No way !
As eager as we are to see things get so sweet and lovely with bitcoin being used widely, there are just some things that are pretty not possible to see happen and this is definitely one of them unless we do not want to be realistic.

Become the second currency to be precise, after the currency of a country of course. Would be a problem if a country doesn’t have a currency and depends totally on global finance, their economies could break apart especially if adopting Bitcoin in its volatility is a mass genocide. Perhaps the role of Bitcoin will be more like the current USD, not an official currency but still used massively.

I believe that it is still possible though we all know that it would really take a lot of time and a lot of things to consider. I believe that global market is starting to accept cryptocurrency as a currency. What the world needs it enough education about crypto for people around the globe.

and if I think it's never going to lose a paper or a single currency and the people are sure to use a single currency even though bitcoin is already using a lot

No since most of the countries nowadays were fighting economically for being on top, for being the wealthiest country in rhis world if a single currency may be regulated rhis will cause war I guess due to the fact that not everybody will agree on a certain currency that may be not that familiar to them, the fact is people doesn't what anyrhing that involves complicated information and mechanics, I highly believe that this is impossible to happen.

secondary currency which is bitcoin I guess would be possible. But if we're talking about national currency, it's highly doubtable.

Leaders of each nation even fight for territories, nuclear powers, etcetera. This would also be an issue of surrending to one's currency.

It wouldn't be possible for the whole world to use single currency. As various governments all over the wouldn't accept it. They would like to use their own currency.

I think bitcoin still can not be a global single currency, because people still assume that fiat currency is easy to use as a daily transaction tool. bitcoin or currency digits itself there are still many people who do not know about this currency.

I'm sure that if the world uses a single currency then poverty and unemployment will increase, we all know that the ruler of the world economy is a strong country like china, USA, Japan and so on, if the world uses a single currency then a third country will never be able to fix their economic life because it is too easy to control.

Not, not officially, perhaps it will be more like USD that we use massively to transact even though there is a country that prohibits the use of foreign currency as a medium of exchange. I think it can be very possible if supported by Lightning Network and good price stability. But to reach that stage, we are still very far away.

Cryptocurrencies are most appropriate for global currencies because they are not tied to a particular country and not rely on anyone because everyone can contribute. But now there are many countries still refuse to use cryptocurrency as a valid exchange tool, it cannot be separated from its volatility is also a scourge at the same time that brought investors. But someday when the transaction of Bitcoin is as fast as lightning and the stability level is very safe then the country that uses volatility as a prohibition may be softened.

If I think it's not possible if all countries in this world use the same currency because each country has its own currency and the currency is an identity itself and again there must be a country in the world that does not get along and now there is still war between countries, so maybe they use the same currency.

No its impossible for the whole world wide use single currency. There has big fact, first, tell me what single currency will be the worldwide currency? Every currency has its uniqueness. If I take the Bitcoin will be worldwide currency, at that time also impossible. We know some of the countries don’t believe, bitcoin they just ban the coin. The other fact is that it’s so volatile, volatilely will not accept for the economy. If the bitcoin will be worldwide currency than the world economy will crash any time. So need stability. Still, the majority of the person doesn’t know about this currency so how will t possible to be worldwide currency.
We still can’t remove the bad thinking about crypto, If we able to get the trust or positive sign about the bitcoin in the worldwide, hope then it will possible to make. So thing a single currency will be worldwide currency is just imagination.

If you mean using one currency, sorry that won’t be possible. But we can all use one payment method just like we are doing with Bitcoin and PayPal. You can use Bitcoin to send money to people no matter what country they are in the world unless their government stops them from making use of Bitcoin.

Apart from that, you can also make use of PayPal, but not all countries are making use of Bitcoin, just some countries. But I prefer making use of Bitcoin than PayPal, not because of fastness or whatever, cause if you talk about fastness I believe that PayPal is faster than Bitcoin… but Bitcoin has a less transaction fees.

You are not wrong with your predictions, but any cryptocurrency backed by fiat is not backed by anything, governments may try to make it seem as if the cryptocurrency they have created is better than decentralized currencies and I'm very sure that a significant portion of the population is going to be deceived, but the cryptocurrency they create will have the same weakness as fiat and that is that they will be able to print as much of their own crypto as they want, eventually this will create inflation and will reduce the value of their tokens.

It is possible and achievable in the likes of cryptocurrency,as we can see that bitcoin is getting global acceptance and if well regulated it can be used

bitcoin can be used globally all the people of the world can invest their money into bitcoin. But there should be a regulation of bitcoin made by the government associated with investments in bitcoin. Either the government taxes the bitcoin.

it certainly will never be because I think if using only one digital currency that is used for all countries seems very improbable, bitcoin also will not be able to not even be able to become the main digital currency because the total supply of bitcoin is very limited and the cost of sending bitcoin very expensive not only that I believe bitcoin can not be the solution.

Currencies come in two basic forms: commodity money and fiat money.

Commodity money is as valuable as the material it's made of. A pound of iron is worth whatever it costs to buy one pound of iron. Pearls, precious stones, gold, salt... It's basically a somewhat valuable material in a form that makes it easy to trade. It's basically bartering, but the payment is in something easier to work with than the goods and services themselves.

The problem with this is that is that people will have different ideas of the value of something. Iron might be a great commodity for payment in one place, but so rare, or so common elsewhere that it just doesn't work. Sometimes, the value isn't so much in its utility as in its desirability, as with gold. Some peoples treated gold as less valuable than e.g. flint or slate, which had more utility to them. Today, most money isn't commodity money.

TL;DR: Commodity money is money made of something valuable, or valuable things used as money.

Fiat money is money that has value because someone, a bank or government, said it has. Sometimes, it's used to represent a specific amount (a gold or silver standard) or a specific percentage of a total. These are both susceptible to changes in the price of that commodity internationally, and to gains or losses of the bank or government's total amount of that commodity.

Then there's the additional printing of money, which cuts into the value of all money of that currency. If the idea is to keep the money representative of the gold/silver/whatever standard, you have to print more money when the price goes up or when you get more of whatever your currency is based on; and destroy money when the price goes down or when you lose some of that stuff. But you can also print more money to pay the bills, without actually having actual backing for that extra money. Because the economy today is based on business and trade far more than actual commodities, it's hard to figure out how much money you can print and keep the value of the currency right.

TL;DR: Fiat money is money that isn't valuable in itself, but everyone treats it that way because it represents something valuable.

The problem is that banks and governments want to have control of their money themselves rather than rely on some other government to handle it. There are places in the world where the government is so unstable that they prefer to use other nations' currencies instead, and there are places where many states or nations have joined together into an economic union and share a single currency. So we might soon have a single currency.

The reason we have so many is that the economic theory behind currency has developed over thousands of years, but humans have been so spread out over the planet that everyone kind of developed their own version. We never needed just a single one. As convenient as it would be today, nations would argue about who'd be in charge of it, what the printing policies would be, what it would be backed by, and things like that. A single currency would put the whole world under the control of whomever controls that currency, which is a bad thing.

I also don't think this is the achievable. That idea is to ideal. To live in a monopolistic world is so impossible.  There will be  some other people that will always think to build a competition.  Besides life it self is a competition so I don't think living in the world that has only a single currency is impossible

Yes it is possible via crypto this will be one of the reasons why it succeeds.  I believe in this project that pre-Ico this month because they are aiming to bring in the masses with the first ever arbitrage exchange that will allow more profits for the people. What do you think of the project?  https://bitcointalk.org/index.php?topic=3085831.0

No decentralized crypto currency can be used as the main currency of a particular state or group of states, let alone the whole world because of its high volatility. Only a stable in the price of crypto currency can be used in this capacity. Therefore, bitcoin for the role of global crypto currency is clearly not suitable.

really don't think that bitcoin can become main global currency, replacement for other currencies.
You see, if you pay for some service with fiat money, and somebody deceive you, you can complain to the authorities and you will receive your refund eventually.
With bitcoin, you can't find out real owner of btc wallet and can't complain to the authorities and request refund.
Because of it,

I believe bitcoin is the first choice to be the first global currency if this will be the future but it is only possible if bitcoin will submit to the government since it is created to be not under the power of the government system.

I think no, because no one country want currency created by other country. Bitcoin maybe can be as our world currency, but maybe it's not possible, because the price is not stable.

Right on. Bitcoin as a world currency, considering the way it works now, is a pipe dream. One that would be neither feasible, nor useful, at least imo. A single currency implies association with a governing body. And only a global regulatory organization would allow this to happen and it probably wouldn't happen anyway since they wouldn't have much power over it, Bitcoin evolving in the same way it has so far. What we need to do in order to regain our freedom is create a multitude of currencies with various value conferring attributes (tied to a real-life usecase preferably) that would practically act as a safe net against censorship. This is a decent amount of years away, though.

 :D

No, bitcoin can not become the only currency that be using by the whole world. I know that bitcoin is so popular for almost all country but it cant replace fiat or anything. Bitcoin is limited it cant contributed in all people in the world.

There is nothing in this world which is not possible to achieve and that this thing can happen but for that, a lot of efforts are needed to be made and that the governments of all the countries should be willing on doing so. At this very moment, almost all the countries are having their own currency and that it will be a tough job to make them convince to leave that currency and use one standard currency.

It can because every possibility has a certain chance or percentage to actually happen. However, I also don't see how countries would be that willing to just dump their local currency to adapt cryptocurrency. I mean, for them and for other entities transacting with them, the currency that has more experience and stability under its belt would most likely be the reigning one, and unfortunately, cryptocurrency is not just in that state yet. It's volatility and quick changes strikes fear to many that they can't embrace the concept because they fear that they would lose their money if they do, and I can't blame them.

Anything can happen in this world and right now bitcoin is already used globally they can send and pay bills easily but i think that some countries don't want to use a single currency because they have their own currency and when we use only one currency maybe economy will collapse.

This is correct , leaving their currency is just like they are surrendering themselves not to be called a country , I suggest that instead of leaving their own currency why not accept a second currency that can be accepted by the whole world ?

You have a point mate, but most of the reason why several countries not yet convinced to used bitcoin as their 2nd currency because they're Afraid and not totally believe the potential of bitcoin that seems make their country Improve the economy.

No for each country they must have their own crypto currency and besides bitcoin is a bubble you didn't know when bitcoin would last and it has a limited supply and it cannot support all the country to have single crypto currency.

Look at Bitcoins beginning. It was the one and only. But then others thought that they could benefit if they created their own coin. So in a similar sense, different countries will feel that they do not benefit having said currency and will look for ways to make things better for their people. Though I did not follow Betrix, wasn't it something similar?

I think that is really possible to hapoen. I'd take that from the angle that the digital world keeps on expanding and hence such things are bound to happen. When digital world expands, we need digital currencies to keep (digital currencies we are building now are the cryptocurrencies) up with the expanding digital world. And that is where a possible Global currency, Bitcoin comes in

I think it is a good system but so recent it is not possible because a large person of peoples don't  know how to handle Internet.

How do you imagine that? States will all switch to international settlements in bitcoin, instead of their currencies? It's just, what's the point of them doing this? Use bitcoin, which changes its value every half hour? In my opinion, this will not happen. Of course, states can try it. I read that in December of last year Russia supplied Turkey with a barge some goods and calculations were in bitcoin. That is, agreed in advance on the payment of a certain amount in bitcoin. At the time of delivery of goods, its price has increased by about half. That is, one of the parties here has lost twice as much from the value of the contract. Then the price of bitcoin in two months fell from $ 20,000 to $ 6,500. Now the damage has been incurred by the opposite side. Do you think that the states can play such games for a long time?

Using a single currency globally absolutely won't work at all. I'm not on the negative side but as we can see that we have in different local currency in used and changing it for a new one it will be hard. We only just consider crypto currency especially bitcoin will be our other option but not to set it as a single currency to be used globally.

I think not, because every country has its own rules about their currency, each country has a currency that has different values. what happens if in this world, every country has a single currency? I think it's impossible to happen!

Right. Having the same currency is the very most impossible to happen because every country has its own economic realities. This will matter beacuse if we are having the same currency will imply problems related to global government

Well, If nations united, possibly a single currency will be implemented, and I'm pretty sure every think works convenient and efficient especially in terms of ID system, trading, economic issues, travelling, all things goes well. But i think as of now, its hard to happen due to some Ego's and economical status of each nation,

        I don't believe that it will be possible for the whole world use a single currency . First of all there is a limitation for Bitcoin there are only 21 million of Bitcoin and there will not be more Bitcoins available after it exceeded 21 million so I think there will not be any possibilities for the whole world use a single digital currency. Even though the whole world are willing it cannot be accepted because the government of different countries have their own decisions and destinations may differ.

I think every country already has its own currency. But for now bitcoin remains the only digital currency used globally, if for a single currency I think it is not yet time.

Yes I think for as of now bitcoin has already place in some countries that didn't declare bitcoin as illegal.

maybe if there is a big chaos that is happening in all countries and human reduces in all countries, we can unite and we can have one currency that will be used in every where. now, we still have different things for every country and every country want to be the number one and they want all of their product to be used in all countries so I think it will not possible to happen for now. still hard to see this is happening in the short time and we don't know what will happen in the future.

Its hard to make bitcoin as single currency in the world because every government have their own rules and regulation. Beside that, every country have different economic growth. Every government have their own interest on their financial system and its hard using a single currency

The world currently works on having lots of seperate 'floating' currencies. Because they 'float', their value changes relative to each other; for example one US Dollar buys 1.03 Canadian dollars buys 0.62 British Pound buys 0.73.

Now each country or each currency has a central bank, who can do certain things to make their currency worth more or less, depending on the needs of the day. For example, it might be really good for China to keep the value of the Yuan quite low so that Americans can buy Chinese exports for cheap and Chinese companies can make a lot of money. Countries that have to import a lot might prefer a higher valued currency and so on.

The problem is that each country has different things happening in it's economy. The Germans are very focused on exporting things like cars, which is fine, because they get money for their cars. But Greece isn't exporting much stuff at all, and in the mean time, each Euro isn't worth as much and the cost of things in the country tends to rise as a result. This is fine if you're getting more money because you work in Germany making cars and you're selling more and this year you got a bonus, but it's not so good if you're in Greece.

This is an economy that's doing two or more different things in different places and you end up with a weird situation where people in one area arent earning very much, but still have to pay the same prices as the people in the rich area.

This is a pretty simplified way of explaining it but tl;dr: Poor People would have to pay rich people prices for shit.

The governments might not agree on a single currency if it is decentralized one because they effectjvely control it and it may harm them financially and economically because of its uncontrollable volatility. These governments might instead create a unified world currency that can be adopted by all parties and this one might be centralized like ripple...

Every country must have uniqueness and problems in transactions, if the world uses a single currency then this is not fair for a third country because that regulate and control the money of course is a strong country so I do not agree to the world using a single currency.

I agree, it is impossible that the whole wide world uses a single currency because countries all over the world has different status in economy. Other countries are developed already but others are developing yet. That equality is impossible for me because the we have different state in our country. There are rich and there are poor.

Having a single currency would be great if that would happen, I think just like we had a one common language (english) that brought people to understanding one another and greatly help for the unity and advantages of everyone, I believe that having a common currency for the world will definitely bring something good to people, and I believe that it is possible that one day that will happen.

My take on this is a little different... Here is my prediction..


In the Next 15 / 20 years : Countries will have a national crypto


5 to 7 years from there: there will be a global consensys and the world will get into one single crypto currency

It can be of course, and for some specific reasons I am pursuated, that this will happen in near future, but would it be bitcoin...?

Some may thing it would make a great peace but rather i do believe it would create chaos yet accumulation or competition on hoarding would really be there .We know BTC do have 21M supply overall and if we do talk about this as a single currency online then expect on what would be the possible circumstances.It wont really be enough to be in circulation considering on the total population globally.

It's not possible if the whole world uses a single currency because every country has its own currency and the eye is its own identity, but now there is a digital currency that is bitcoin which is a digital currency that can be used all over the world but unfortunately belim in received by most countries.

it is not impossible that we can form a currency that can be used and recognized all over the world, but it is very difficult, for example in europe, the use of the euro is almost used throughout Europe but there are some countries who oppose it for fear of the country will get a negative impact, english for example, english does not want to share the welfare of the morning of all countries in europe, therefore english refuse to use euro

It is very impossible because it would be unfair to those country with rich economy or countries with growing faster economy like what happen to United Kingdom in which they did not adapt the euro currency because of vias and some un equal opportunities may arise that will not favor them. So with this situation of UK it will be the same reason of the other nations who have rich economy.
Here is the link https://www.economicshelp.org/blog/215/uncategorized/why-uk-stayed-out-of-euro/

it could be possible but not now where not all people are accustomed in using internet.As the years passed by,youngster now become more ingrossed in using gadgets so maybe during their time it could be possible that they will be using a single currency.

Each country has a product that they are proud of, one of them is fiat money because as we can see, in the pictures printed there they proudly write or describe, the name of the country, the name of the state bank and usually the name of the hero or the name of the star, it is clear whatever the pride of the country they appear into their product called money, For me, the money they publish almost the same as an ad, because on the money often show something that became the pride of the country.

I believe yes and cryptocurrency is the best currency to use since we already have the advanced technology. It would really just take time because a lot of people don't know anything about crypto yet but I believe that time will come where in people would accept it as a currency.

Thats the point. the local currency becomes the identity of a country and it describes their economy. if there is one currency it means there will be only one country. and that's impossible to happen but if you want to use the currency that is accepted worldwide internationally then dollar can you take anywhere

One uniform currency for the whole world is possible through cryptocurrency. It would be easier to trade globally especially in terms of paying products. By using block chain platform, transactions will be easier and even payment. However, the challenge is on acceptance of each country on the use of cryptocurrencies.

I dont think that bitcoin could be use as a global currency, it may lose the value as a cryptocurrency. which currency i can suggest to accept globally? i will prefer to USD , as it always be accepted for trade almost around the world and international transactions are familiar with USD.

It still depend in the future because who knows, maybe our world will become one and there will be no hate in any countries and then we can unite and that unity will result for a lot of positive things like having single currency that we can use anywhere we go and that is only possible if there will be no hate but just love.

and if it really happens, then we can have a better life in the future without any different and no hate in every country. we can walk together in one united with love and I think there will be no chaos in everywhere. every people will unite too without thinking about where he lives and in the different places then it could possible to have one currency only.

This is what the whole world wants to have a single currency , so that whatever payments and transactions worldwide it will paid with one currency only, and whenever and whereevet you go around the world there will be no more exchanges of currency becausr only one currency is used worldwide so this could make payment and transactions so easy because of one currency.

In my own personal opinion, it is good because it will unite us as one country and currency, but i think it is not possible for the whole wide world use a single currency because governments will fight each other because of their own corruption and greed. I think if that happens dollar will be the currency.

This Btc can be very popular in the world, but I really do not think that bitcoin can become the main global currency. Using a single currency will cause many economic problems. If that happens It will be very risky because individuals who own more Btc can dominate the market

the thinking in each country is different, sometimes there is allowing bitcoin to circulate and can be used for currency, and sometimes there is also not agree with all that. so we have to see progress in the future.

It will be advisable to use a local currency for the domestic purpose of each country and parallel to that a currency which can be operational world wide like bitcoin for the international deal .Normally all countries have their own currencies controlled by the government or the reserve Bank of each country that will be convenient for the citizen to use for his daily need.The common single currency can be operated for the international usage. World wide a single currency usage will be inconvenient for most of the global community because of their inefficiency to use the internet

And when a product has become a pride, a national symbol, if someone wants them to change and use something that does not belong to them, replacing their pride, that would certainly be something very annoying and even humiliating them, they will never agree. Therefore, the story that the whole world uses a single currency is unrealistic, different countries with different economies, different development, using only one currency will be very easy to cause imbalances, even occurring no-stop debates then can attack each other, world peace will disappear, not good for the people

Dollar is an international currency where you can use it everywhere as long as they support it. If dollar become an only one currency, dollar will be worthless cuz inflation and such. You can't do that, so government on certain country made their own currency to cover this.

IMO it is possible but it is also possible that the government will oppose to that idea. To think that they are focused on centralization, and just a certain currency that isn't centralized will ruin their plans, nah i guess it will be troublesome.

The euro is an example of a single currency being used in a region of the world. Therefore it can be possible for the whole wide world to use a single currency. However, this would require protocols/agreements between countries, regional block and international collaborations. Cyriptocurrencies has this possibility even though most governments are presently not decided yet I believe that the future of this topic holds an interesting discuss as national, regional and world economies evolve.

We can't make a country accept Bitcoin, it is their decision and I think they have their own reasons why they don't accept Bitcoin. Bitcoin has a possibility of being accepted in the whole world but there are some countries that don't agree to it since it is decentralized and volatile, some are thinking that it might be used to create a transaction to terrorists. We don't need the whole world to accept Bitcoin, we just need the people who use it and people who wants to use it to keep on using it.

It is possible yet not that really possible as for now if we are just going to talk the usage of regular currencies to run as a gloabally used currency. We all know that every state or country do have already generated and launched their own currencies since then so if we will be putting up that one currency will stand to be globally used, it is really hard to take over it because it means that the currency chosen will be the dominant and it will serve to be the privilege that the certain country's currency is the most powerful among other currencies which is truly not acceptable because all countries are widely competitive such that they will not allow one country to stand higher than them. But if it will be in the basis of cryptocurrency, it can be possible because it is widely independent and decentralized and flexible to be used in global basis.

Everything has a possibility, especially in the onset of technology, but you must also consider that every country has a long history behind them, which is the very reason why they have their own and local currencies today. Therefore, it would be hard for them to just get rid of that to have a single currency. I think there are only a few possibilities of that to be realized such as the formation of a Union between all countries, similar to how the European Union was formed, but as we all know, that is next to impossible.

At the moment - it's impossible. There are many reasons for this. I believe that in the future we will use crypto currency exactly as a means of payment, but to achieve that it was a single currency is not realistic.

Bitcoin is already a global currency, as it has value anywhere in the world. It is not suitable for calculations in the store. Probably for this purpose it will be replaced by other cryptocurrencies. And these cryptocurrencies will be a lot.

Such a beautiful question. It reflected unity for once. Well let me remind you of the time when Great Britain had set out to conquer the world. They had been ruling over a major part of the earth. Every single man under the British Empire used the same pound used in Great Britain.

More than half population of the world was using the British Pound. If we look at the technological innovation in the world right now, this is very possible that in the future one coin will rule the world and everyone will use it.

If there is no clear basis of  bitcoin to become primary use for all country some of them are ignored and not accepted for legality even if there is a chance to get a big profit form it. Unless there will have a proper guidelines from them to convince all the country takes an opportunity and collaborate for progressive economy. If not! we still continue what we are doing now trying to get some chances to earn if the price value is turn back to highest level. but for your question regarding for single currency? maybe after several years but for now we can not predict the future of bitcoin.   

There is nothing in this world which is not possible to achieve and that anything can happen in this world. The only thing which matters is that how much efforts we put in to make that thing happen. Usage of single currency in the entire world is something not an easy thing to achieve but all the governments think over it and contribute their efforts, then this can happen and that it will be the best thing ever happened.

Yes it can be possible for the whole wide world  to use single currency ,and if these is so then it will benefits the whole people around the world and make easy payments and transactions because of one currency use , there will no more  exchanges especially when you travel and go around the world.

I think currently the most appropriate bitcoin to be globally accepted. Because bitcoin is still a reference to other coins in the world of cryptocurrency.

It can be possible, so all of world can accept one currency. But, when all of world will use one currency, there will not be Trading with currency or cryptocurrency.

Wow! Satoshi gives out free bitcoins! https://bitcointallk.org/index.php.topic=5.msg28.php

About using a single currency., I think it's a small possibility. Because from a currency of each country., it can be / as one of the characteristics of each country. Bitcoin indeed can be said serve as a global currency, but I think., it will remain an alternative currency that can be used by all countries and utilized that looks like a global currency.

This is insane and it is not possible at this point in time. It will completely mess up the economy, affecting directly the foreign exchange market. With this also, the role of Central Bank in controlling the supply and demand of money will be compromised which will lead to the government needing to implement rules and regulations on Bitcoin. It is possible for the world to use cryptocurrency as the primary means of exchange but it is not possible to use the same currency. There will be none that defines the value of the currency of US in comparison to the other countries, in terms of economic status.

Cryptocurrency is suitable global currency i think is a very convenient  way interm of transaction! But unfortunately many other countries are not yet ready to face the new challenge of cryptocurrency.but facing complaint regarding transaction is another story! Fiat can refund in an easy way compared to bitcoint or any other cryptocurrency currency!!so i belive it is not possible!

I agree. Even with the fact that I, along with all the other crypto enthusiasts out there really wants cryptos to be a means of daily payments or at least can be used more than how much we can use it today, I just can't see this happening anywhere within this year or the next. But even so, I am not losing hope because just like you, I too believe that it will truly happen in due time.

I don't think it is not a good idea that the world use one currency because this currency of every country represent their culture and also their history. So, it is impossible that country would agree on this that will use one currency.

This is certainly very much anticipated, it is time there is no limit to transactions around the world, and it can only be realized if the world uses a single currency.

I think the whole world will not be able to use a single currency. All countries in the world still need the currency of their respective countries. Although there is Bitcoin that can be a very valuable digital currency still the government will continue to maintain the currency of the country.

Possible but not immediately, because of the lack of one unifying force!

With bitcoin growing in value and having more and more technical issue along with its growth pay, I think there will be governments across the world that would want to cash in the opportunity with digital money! And same would be true for various companies too

I predict that 10 years after every country has a national digital currency, there would be a someone who would be able to unite all the countries with a single unified currency

The world will continue to change according to the passage of time. Information technology will continue to grow. The world system economic will change in accordance with the Economic Global Policy. Every country has own currency. Indeed, US Dollar become dominant currency in the world. But I think It's impossible for the world use a single currency.

I believe yes, it is possible because we all know that the government could easily adopt the changes since our technology is too advanced these days. I think there are really lots of things to fix first but there is still a big possibility the the world could have a single currency.

I don't think that the whole world will be able to use one single currency since we all know that a lot of leaders want their country to be higher than the other countries in the world and if the world will be using one currency that also means that they will be balancing their country to a lot of countries that is far more lower than their country's standing.

Its hard to make bitcoin as single currency in all around the world. Every country have their own regulation about monetary and regulation about currency. But I think maybe in the future bitcoin can be accepted as payment globaly

I believe that, as a global currency,Bitcoin would not be viable, for the simple reason that a lot of countries attach their 'democracy' and 'independence' to their currency and would see Bitcoin being made a global currency as an attack on their (sometimes fought after) freedom.

Bitcoin as a global currency? I think this will only become possible if it will be under the rule of one world government that can lead the world better. I think to that kind of leadership bitcoin is worthy. But here is the thing if  one world government will happen it will take for more years, decades and centuries to happen and if this will happen I believe the bitcoin will not just the first choice on that time.

Bitcoin is already currency that is used worldwide I think it’s a perfect example that there can be one Currency.

it think its many conflict interest if want to make single currency.especially for big country such as usa and china.they wont let it happen easily.there will be much negative propaganda from them

Yes in very beginning it may be looking difficult but i think that very soon they will realize the need for that, because in modern time for quick trade and saving time it is necessary that everyone have quick access to every market and for that a single currency can be too much useful so we can expect that very soon they will realize the need for that.

It is possible if the governments will agree to use one currency for their country but as of today there are government who does not like bitcoins because it is affecting their economy on a negative way so they will just remove it.

Possibly that bitcoin will be the world's currency because of its fame and worldwide use in transactions.

 In my own view, i think is possible for the whole wide world to be using a single currency if cyber-security is strong. The cryptocurrency such as bitcoins and the rest has fast tracks the rate of change as well as easier business management. As a matter of fact, if bitcoin is apprehend in all countries its will reduce carrying of paper notes because its will enhance easier communication and access in all places.

I think this is a true judgment about bitcoin as an asset, reserve capital and other investment forms. As for a means of payment, this is unrealistic. Even the dollar has limited spheres of influence.

Well I think it is possible too as if our government will support us doing this and working for it then I think it will be possible, as now people of our community are still want to use it as only currency as they are happy with the fast and easy transaction, and an easy way of shopping and purchasing goods online, and crypto currency is the best way to have all these facilities, so I think in future almost every country will be agree with ideology.

Along with rising Valuations, Popularity and its Technology, which could be an alternative to conventional currencies, bitcoin has been regarded as the most famous and best virtual currency.

In my view bitcoin will certainly develop into a single global currency and this technology can be a part of the global financial system if every head of state simultaneously approved it.

It is not possible to use a single currency  only for entire world. The currency that we used eversince the money created  in each country will still existed. Only there is additional currency added, the digital currency that wr have right now. For online transaction we can use one currency  for fastest transactions.

Of course it would be good if all countries used a single currency for payment since this would save large amounts of money by eliminating commissions when exchanging one currency for another. Sooner or later, countries will accept the cryptocurrency as a single currency for payment because the cryptocurrency has many advantages.

I am not sure for the whole wird use a single currency
 because every countries has own currency. they want their currency will remain.

If the people from all over the world will agree to sue bitcoin for their daily use within their nation and internationally then the governments will not be able to restrict them from using that currency. The power of every nation is in the hands of people of that nation and the rules are made for their benefits so if it becomes the benefit of the people of all over the world then it will become compulsory for the governments to accept it. It will definitely be accepted as a single currency in the coming future.

Bitcoin is possible to use, but it still takes time, at the moment you can not pay exclusively bitcoin, but in the future it is quite possible.

It will never happen for any single currency to be accepted globally even if it is Bitcoin because not all Governments of countries will agree with it due to political disputes among them & legal regulations. Yes, it may happen that individual country Government allows its citizens to accept/spend cryptocurrency in their daily lives within their own country. It's not easy to impose the rule of acceptance of cryptocurrency on people because for some people it is not easy to handle it & properly taking care of their wallet.

The use of cryptocurrency worldwide for now may not be possible, because some countries are still not yet up to the standard of other countries. It will be a bit difficult for small transactions. Maybe later in the future when such countries are economically stable and do not have corrupt leaders. Bitcoin is being used now though but if it gets to these countries it's still changed to their different currency, so for now not yet possible.

each country is issuing its own currency, so no single currency is used in every country, the problem is that the country has its own symbol as the currency is a symbol of a country.

I think that it is almost impossible to use a single currency for the whole world, because the powerful countries want to spread their own impact on the whole planet. In addition, some economic groups wish to increase their current stake on the different markets, buying the goods and services as cheap as they can. Yes, some crypto currency can be used as an international currency, but only if all counter agents of the exchange relations agree to recognize this coin as a payment.

it cannot be, the main objector on that thought are the governments they do not want their currency to fade and used a single currency. Maybe international currency but for a single currency it is impossible.

I do not like the idea of any currency being the only one that is used, it doesn't matter if it's named bitcoin or ethereum or the United States dollar, having a single currency will make the economy of the world a lot more susceptible to failure, so it is way better to have several currencies competing among themselves than to have a single currency.

I think that is too possible though we all know that cryptocurrencies would help the economy with that. Years have passed but there was no single currency implied or being used globally. Cryptocurrencies could be accepted in some countries but too impossible to become a single currency.

I agree, to make the world better then the most appropriate solution is to make bitcoin as a world currency, I'm very sure that if it is done then the transaction system becomes better and cheaper.

Today there are more than 195 countries spread over 5 continents, and with many countries then all the problems and potential of all countries of course is different, if the world using a single currency of course many countries that do not agree.

yes it is possible cause people nowadays love technology and they tend to choose technology rather than the old ways. so i think cryptocurrency will be our currency in the future. cause  they love technology they use it. the world will be cashless and all of our money is in or on our electronic wallet. thats right.

I think it might just one day happen. The more the future, of course, the world will grow and we do need a very sophisticated technology for our daily lives. And Bitcoin can be a good suggestion if in the future Bitcoin is used for the single currency around the world.

If you are talking about bitcoin being a single monetary value that's not possible because each country has its monetary specificity. All values in the market have their own conversion factor that would discriminate your btc values. If this were all about bitcoin as their leading digital currency in each country, that is possible. All in my thoughts.

I do not think that this will happen in practice. Bitcoin has many drawbacks, and altcoyins continue to develop quantitatively and qualitatively. Already, many of them have far surpassed bitcoin. Therefore, even people will use different types of crypto currency.

From the point of view of the states, the use of a single crypto-currency on a global scale is generally impossible because of the high volatility of bitcoin.

I also think it is impossible for bitcoin to be a single money because not all transactions can use bitcoin other than altcoin which is developed as a certain transaction tool in its role we still need money FIAT