Bitcoin Forum

It is said that Bitcoin is the precursor of the "One World Currency" that will be used in a "One World Government". In the past, it has been predicted that a "One World Currency" would come into fruition as the current monetary system collapses in its entirety. It is today where we have Bitcoin, a Peer-to-Peer digital cash system that's decentralized, used globally by many people worldwide. Essentially, Bitcoin is a "One World Currency" although not backed by any government or trusted entity of any kind.

What do you think? Is Bitcoin the "One World Currency"? Or will another currency take its place in the future? If that happens, which currency do you think will become the "One World Currency"? Will it be the US Dollar, the Euro, or the Chinese Yuan? Do you think governments will unanimously agree to use a single currency for everything? Your input will be greatly appreciated. Thanks :)

Absolutely.
The fact that we can choose between Fiat and Bitcoin is only a historical accident: Fiat and Cryptocurrencies, namely Bitcoin, aren't meant to cohexist.
Soon one or the other will disappear, and if you are reading this there is a decent chance you'll be able to pick the right one.

There won't be a "one world government" and therefore there won't be a "one world currency."  No government is going to surrender its fiscal sovereignty to any foreign currency, bitcoin or otherwise.  As for bitcoin becoming a one world currency on its own, it's not going to happen because Bitcoin isn't even used as a currency.  Store of value is about the only use-case at this point and even that has to be proven out longterm.

We can't say for know if there will ever be such thing as "One World Currency", but if that's the case - I think Bitcoin is the only option because of its decentralization. Other options you've named here can fit as well, but the question is - who will agree to that, how many counties?
o admit a foreign currency to be YOUR currency as well would mean to recognize another country to be better and superior, to give them control, because of initial centralization. That can lead to many problems and, perhaps, even wars. Only something as decentralized as Bitcoin, which belongs to no one, can be considered for this role.

for developed and developing countries will be realized effectively and efficiently. So, can the system of implementing one currency easily be a solution for underdeveloped countries that are still busy increasing their local economies according to certain regions?
On the other hand, we hope to reach an agreement on using one currency, namely bitcoin, the hope of all bitcoiners. and on the other hand, we also don't want to selfishly stand on top of the economic disparities of foreign countries because bitcoin was not created to oppress the economy, but to be a solution to all overlapping economic crises. either global or local.

Bitcoin is going mainstream, but know that bitcoin is not to exist alone, the value it has is because it is superior to others, so letting others too exist is not bad. Fiat and CBDC will exist, commodities like gold will exist while bitcoin will also still exist.

In this case, nobody knows the future.

Anything can happen in the future, but it is better to comment about the present.

Do not forget they are all centralized currencies. And, know that fiat will be subjected to devaluation as they are inflationary.

I do not think so. Even if they do not agree, bitcoin that haa such characteristics is already existing. So, we do not need them to as we can use currency that are decentralized already.

I don't know where you got this idea from that there will be a "One World Govt" and Bitcoin will be the "One world currency". Those are fantastical ideas which should never really materialize. Such an order would never be beneficial for anyone. Judging from the natural world, one can easily see that diversity is the precursor of prosperity. Homogeneity always leads to the death of ecosystems.

The idea with Bitcoin which gained some traction was that of Bitcoin becoming the world's reserve currency in place of the dollar or the IMF's system of SDRs. As Bitcoin is limited and public, this would potentially take away the power to manipulate currency issuance and sponsoring of wars/ sanctions unilaterally by the developed world.

One world government should release the one world currency while bitcoin is not created by any government so it is not actually the oe world currency. The idea is to supress the government and steal the people sources further but bitcoin is completely against it which wanted people to get their freedom while using their money.

Countries will not use currency that they cant control and fully trace. That too risky for them. Some kind of digital fiat will be world currency

Bitcoin is not the World Currency (yet?).

At present it is much more a store of value than a currency and, for it to be a currency, the LN or other solutions will have to be improved, since nowadays the fees and the waiting time make it impracticable.

In theory, after it becomes established as a store of value, which it is already doing, it could become a medium of exchange, and finally a unit of account, so that everything would be referenced to Bitcoin. If we reach that point, we will be able to talk about Bitcoin as the One World Currency.

Bitcoin cannot be one world currency because, there are still some countries in the world don't believe that bitcoin is a real digital currency than to see it as scam currency to them. Since the government cannot control bitcoin, will it will hard for bitcoin to become one world currency. Many government need currencies they can control and have access to it at anytime in the country.

If the leaders find a way to make use of Bitcoin and turn it completely to their own advantage, it might be. Remember that while 10 years ago the focus of Bitcoin was to escape the current system, nowadays besides profit nobody gives a damn about escaping it. We aren't looking at ways to obtain control of our own finance and financial privacy anymore, and the governments absolutely LOVE that.

But as we're seeking profit, governments are seeking ways to push BTC closer to their own goals.

It's not recent news. The Pope has been calling for a One-World-Gov (https://www.forbes.com/sites/timworstall/2011/10/25/the-vatican-calls-for-world-government/) for a while now. The UN is smoothly moving that direction too (https://news.un.org/en/story/2019/09/1046902).

They want one, and it's not something they're hiding or something we're just guessing.

I hope no, the bitcoin was design to be isolated itself, you’re trying to centralised a currency into one entity, a one world currency, this is the next level of cash heist, currency no, cash heist, yes.

I think that OP is talking about the ifs of the situation. Yes there are countries that will not recognize bitcoin as a global currency but we are dealing with the hypothetical situation here. I would say that bitcoin could become the worlds.currency but the problem is that  I don't think that there is enough bitcoin to circulate around the world's economy.

It seems true that what is meant by the currency of one world is bitcoin. Because bitcoin can be used by anyone and from any circle. chances are if fiat continues to experience inflation, then the only way to replace fiat is bitcoin which will not experience inflation. besides, bitcoin is decentralized and fairly distributed. So, I think the one world currency that we will use in the future is bitcoin.

There will never be, one currency for all countries in the world.  Even the dollar cannot be used as currency for all countries, neither can BTC.  Every country has its own needs and interests.  How can different needs be combined with one medium of exchange.  This will be very difficult to implement.  BTC which was good enough was not accepted by all countries and China immediately made its competitors.  So that whether it's BTC or not, no one will be able to unite the country's currency.

Although Bitcoin was born on the idea A Peer-to-Peer Electronic Cash System (https://bitcoin.org/bitcoin.pdf), at this point it is also more than obvious that its application is quite different, because for most investors it is not a currency, but just a way to make a profit or store of value.

It is my opinion that it is unrealistic to expect the world's greatest powers to ever give up their monetary sovereignty in favor of something they cannot control, and that can be called Bitcoin or some xCoin. Maybe something like this is possible in the distant future, but for now fiat will remain something that people still believe in the most - and when it comes to Bitcoin, we are still very far from any significant adaptation - unless someone thinks that 1-2% of the world's population involved in crypto is something significant?

This is a topic that I have always wondered about, as a child they told me that this was going to happen, a single world currency, if we go to the sacred scriptures at the end of time they talk about this and a seal, Sometimes I think that the seal It is the QR code, but already leaving the religious plane and of particular formation, Bitcoin can be the only currency in the world, because it is decentralized and because it is not controlled by governments or banks.

It is a currency that everyone can have access to, of course countries or great powers are against Bitcoin, it is normal, because their liquidity based on FIAT money is affected, they could no longer devalue their currency, because compared to Bitcoin it is worse . In traditional economics, very little is actually what FIAT money is backed with gold, yet Powell, chairman of the FED, takes into account the possible gold substitute that has been Bitcoin, even though Bitcoin does not have a solid financial backing, only supply and demand and blockchain.

Countries will begin to fight each other, in fact it is already happening, they will begin to launch their own stablecoins based on Blockchain, but over time it will give the same result, because the more bills that are printed will have the same debt and inflation problem, in cryptocurrencies would have to limit their supply, and I don't think they will.

"One World Currency" sounds a lot like some sort of conspiracy theory or doomsday scenario. I believe that there will never be such thing as single global government and single global currency, at least not in the next 1000 years.

Bitcoin being global by nature does not automatically make it the future single world currency, a lot of things need to happen for that - the collapse of major governments, full solution to Bitcoin's scalability, lack of competition from centralized systems like Visa that can just issue their own currency in such scenario.

One world currency sounds good and it's happening as the marketcap keeps growing. It's also a digital gold that could surpass the marketcap of gold in the future. Currently we are still at number 8, but we know how fast bitcoin could pump since its our currency, so maybe soon we will be in the top 3 before we get to the top 1. That has been my dream and I think it will come into reality in the future.

Can it sustain the growing population though, I mean there isn't bitcoin for everyone in the world to go around, not to mention that there are a lot of lost coins, I like the idea of one currency for the whole world, the only problem is scaling and every government agreeing on one currency.

Into becoming the one world currency, that's what I do not know. I believe that Bitcoin will become the best-stored value asset that anybody could have and that anybody in the world could buy as long as they know how to. Isn't that what makes the "One World Currency"? If anyone and everyone are willing to accept that particular asset. Just like the USD right now.

The idea of everyone holding a full bitcoin is bullshit, there is a reason for Satoshi keeping a limit for the amount of coins in circulation and it means that you can have any sub division of a bitcoin. There are lot of lost coins and then there are a million coins supposedly owned by Satoshi which is not in circulation and the number of coins lost to scammers and some of them are still idle, bitcoin is the universal coin and you do not need a government to agree on anything, all you need to do is to start using it for global transaction.

My opinion is that bitcoin cannot become the "currency of the world", it is clear that the supply in nature of bitcoin will not be able to meet the needs of daily existence, in life, economics as  a regular (fiat) currency.  The currency of a world has very strict equilibrium requirements and regulations, in which bitcoin is highly volatile.  Bitcoin will now become a unique intellectual property and the net value it will acquire based on the transformative trend of a new economy.

I also agree that in the future bitcoin is the only world currency that will become a means of transaction. but can it happen if other countries do not have control over bitcoin. bitcoin is decentralized and not centralized, that's a fact. and somehow the world will use digital money in the future with the symbol of the currency of their respective countries which evolves into digital money.

You think having a high marketcap is going to make bitcoin "The One World Currency"? Nope. Market cap means nothing. Look at what happens when the network gets heavily loaded. Slow network confirmation. Crazy fees. Now imagine, when the whole world starts using it. Network is going to get insanely overloaded and be prepared to pay hundreds of dollars as a fee for quick confirmation. Bitcoin isn't ready to be the one world currency. There are flaws in it. It is best suited to be used as a store of value.

currently i think it was the us dollar is the one world currency because almost all the country are familiar to its value and they often use a usd as thier secondary currency for conversion .
 but in the future btc has a chance to steal it to usd .
 every country will easily accept it because no one owns btc not unlike to usd that owned by usa and they will think that  united states are only going to get all the benefits .

I don't think it's possible to have one world currency. Atleast until every country in the world has equal economic parity. Without government run economy would make it almost impossible to develop public infrastructure and basic necessities required for anyone. Moreover labour exploitation would reach the biggest heights as someone in Africa would work for peanuts for anyone in the USA. Not talking about the fees problem as there can be some other replacement or alt which can serve the purpose. This thing looks pretty difficult.

I was considering more like "people would use it as global currency" and not really any nations specifically. As long as nations do not ban it, that means we can use bitcoin anyway we like and that means we could make it a global currency ourselves.

I am not expecting USA government to come up and say that bitcoin is their favorite foreign currency or something, or maybe start using it for themselves or anything, something like that will probably will never happen or EUROPE decides to give up all of their euro and decided that from now on their one currency in all of Europe is bitcoin. That wasn't really what I assumed, what I assumed is that most nations will accept bitcoin as legal tender so after that we are going to end up using bitcoin to pay each other all over the world without putting government into our wallets which would be quite good.

This is a conspiracy theory of the deranged and the bible thumpers (ha, same thing). It's not a new theory. Anyone spouting it is instantly outed as someone who doesn't live in the reality and discredited as an independent thinker. I'm sure there is remarkable overlap in the venn diagram of "one world governmenters" and people who believe George Soros secretly controls the world.

Right now I do not think that we will be even close to achieving a one world currency. Since there are disputes everywhere, economic instability, situation of pandemic is worsening what can one expect? There would still be countries like North Korea who would run the farthest when things like that would happen.

Even if we think about Bitcoins, there are countries like China who wants to take over the mining power and attack BTC. How can these countries support it ?
 
At the same time I do think that there will always be a resistance from countries like India who think that BTC is nothing but a fraud and people are still fighting over this since ages.

These few counties were just on the top of my head and there are indeed numerous like these. I do think that we might achieve something like that in the future for sure but that also 30-40 years afterwards. Right now it would be more useful if countries can stabilize their own economy first.

I do believe that it definitely has the chance especially given its technology where it puts the people free from any control from any third-party consensus.

I remember, I previously mentioned that if bitcoin will not be the 'main' currency in the future, I am confident that such currency would definitely be similar to bitcoin that also uses the blockchain technology. The blockchain technology cannot be simply be brushed away as its innovation and complexity introduced a modern way of transactions.

It could very well be a precursor to a one world currency, but the token that would succeed bitcoin cannot be centralized, otherwise people aren't going to dive in it. This goes without saying, that a decentralized currency like bitcoin can't be used by any one world government that may rise up in the future, and they may need to employ a new currency to facilitate their newly formed economy.

It's not just about equal economic parity, it's just that the economic system of any state is not adapted to the use of any world currency. Any state conducts its own monetary policy and the issue of its own national currency is a good help in this matter, and no truly sovereign state will refuse such an instrument, because the one who controls the currency controls the situation in the country.

If we not talk about laws and use our own perspectives we can say that this is happening already since we are already dealing with bitcoins every now an then and we have different nationality so if government will allow this well the adjustment period to us will not take long and all of us will get benefited on it if this one will happen.

Bitcoin is going through a transformation process, it is becoming a trusted digital asset to protect currencies from inflation, including the main world currencies such as the US Dollar, the Euro and the Chinese Yuan and is even displacing the Gold.
Only time and circumstances will place bitcoin as "One World Currency". For now bitcoin is heading down the path to where technology has developed. We are precisely in the awakening of a new technology that will unite the world.

Absolutely. Bitcoin's trust throughout the years is growing exponentially. As long as more and more institutions adopt to this technology, it is no doubt that this cryptocurrency would overcome the struggles of disjointed humankind.

I agree with many of the posters here - bitcoin is not really a global currency and it is not really liquid and cheap enough to transfer to make it so. However, it could potentially become the world currency for medium to large transactions as the fee in those cases is less relevant.

What is sure is that it is becoming some short of an insurance in case the fiscal policies or economies of certain countries are irresponsibly managed. The rulers and lawmakers should be fully aware that their population may choose the bitcoin alternative if they go wild in the monetary policies. Venezuela, Iran, Turkey, Nigeria, Myanmar, ... there are clear examples, this is not just theory.

In future, Bitcoin currency can be used worldwide. Because their is no centralized authority that is controlling the Bitcoin. And Bitcoin is not a native currency of any country. This is a currency that is used globally. No one country or a government controls it. You are giving a right name The one world currency.

I think it's very wrong to assume the whole current world economy will shatter which is standing for hundred of years now in traditional form. Bitcoin as a worldwide currency sounds tempting, but it's too volatile, and majority of the world doesn't even know how to use it etc, that's a big problem if we dream of having it as one common currency in the globe. We are moving towards globalism, and a part of me thinks that there will be no "government" per se which will be ruling the whole world, rather a capitalist environment will rise its head.

C'mon man. I respect your opinions Kevin but taking the declaration of UN SDG's as some sinister idea for a One world government is stretching it a bit too far.

The UN has been doing this for a long time now. They support the flow of information, human expertise and capital resources to developing and under-developed countries from the developed world. Sure, they could do a much better job, but couldn't we all? The polity continues to evolve and regional unions like the EU were an evolution from Empires==>Nation states==>Democracies. The experiment failed spectacularly. With decentralization gaining prominence, we may well be moving towards a better alternative far removed from a one world govt.

Consider the sources he posted. An opinion article from 9 years ago about how the Vatican wants a world government (which as far as institutions go, the Vatican is on the low end of what you would consider influential) and also as an opinion piece is prone to exaggeration and misinterpretation, and a second article that in no way supports the premise that the UN wants a one-world government. Further, believing that nations are going to surrender their sovereignty to a world-government is beyond ridiculous.

Yes, that is right. I do not think that we will have one world currency for all countries because we live in different countries with a big difference from the other country.

I only imagine if we have the same equality in the future for all countries, maybe the word "one world currency" can be used, and we only have one leader that will lead the world into a better place. But until that time, we will not see one world currency because all of the leaders for all countries want to become the number one.

You see, Korea, the USA, China, and other big countries want to conquer the country by giving all of the facilities in the developing country to control them easily. And if they can get that country, they will use the rule to lead them and move to the next target.

What do you think a one world currency would be? It would be a currency that can be used anywhere in the world irrespective of country or continent. One would have thought that should be the  US dollar but you'd still need to change your dollars into a country's currency if you'd use your money in that country.
Bitcoin, however, satisfies the demand of a one world currency in that it can be used in any country on any country and what makes it even better is the fact that it is decentralized and not controlled by any government of the world.
So in my opinion, I think bitcoin is doing pretty well in becoming the one world currency.

No other option except Bitcoin. Bitcoin only the online currency that can achieve people's faith, make its position permanent, widely accepted etc. So Bitcoin is the number one cryptocurrency.

No, I don't think Bitcoin will be the One World Currency because let's assume there will be one government throughout the world, would they choose a currency where they have no complete control over it? I don't think so, it would be much better if they will create their own.

No one exactly knows what will happen in the future if Bitcoin will be dethroned by another kind of currency or something.

One thing is for sure, definitely not Bitcoin as it is decentralized and they have no complete control over it.

Perhaps the most powerful countries will agree of having a single currency but I don't think other countries will agree with it.

Bitcoin is one of the most potential Crypto currency in the world. This coin popularity increasing day by day. Now a days most of the conscious people want to invest in Bitcoin. They choose bitcoin than fiat. But i don't think that bitcoin will be the world currency. Because of its decentralization. No government can control it. Also no one can trace its transaction. So this is very difficult for Bitcoin to be the world currency.

The disappearance is feasible, but I do not think it will be "soon". Even though bitcoin is good, you can not disprove that the monetary system is doing quite well in managing the world. Moreover, there are people who do not want to understand the technology and as the result, they are not able to interact with cryptocurrency

In my country, The fiat system has developed quite well with a lot of implementation and applications. I know that blockchain is capable of doing the same things but the current infrastructure of fiat is amazing. I can mostly buy anything with one click. And people here are still happy to receive cash rather than bitcoin.

I'm not, I'd rather be paid in BTC than in fiat.  Because even if I receive fiat I will convert it to BTC.  The Fiat I receive will not increase and will be eroded by inflation.  Meanwhile, if it is given in the form of BTC, its value will continue to increase because its very valuable value is getting here.  I feel like you were quick to sum up everyone here.  It is true, between Fiat and Crypto one day there will definitely be sacrifices.  Because that is the law of the pyramid triangle of necessity, the more it is needed, the less needed it will be.

Sounds fun to hear that " One World Currency" is Bitcoin but I must say that it's only be in crypto industries, many people and countries don't know about bitcoins and cryptocurrencies (as of now) later in future it will be called if fiat will be replace or bitcoins will be spread all over the world.

You can trace the transactions, most of the time at least. How? As long as that money came from fiat or goes to fiat, unless there was a mixer used along the way it will be easily done.

When you use your fiat money to buy bitcoin (some people do not buy it, they earn it so maybe they can't follow from here) that means we are talking about an exchange that probably asked your KYC, that means that exchange knows your address and where you withdrew it, and if you send it somewhere else they will see that too, and if you spread it to 100+ different addresses they will see that too, basically it could be traced from that KYC linked account to any address you sent. When you are taking it out and making it fiat, if you used an exchange (some people do p2p or spend it simply) that means you could be also followed "where did this money came from" as well, with the same method.

I wonder if all other countries would agree with that name as "One World Currency" because as far as I know, not every country liked Bitcoin and some did try to make their own cryptocurrency to fight against the Bitcoin adoption or they just don't really trust Bitcoin that's why they were planning to make their own cryptocurrency.

Bitcoin has a long way to go before other countries consider it as the world currency and so far this is the only decentralized crypto currency that has lots of adoption since the day Satoshi release it to the public.

Friends, a great headline and a question - but do you really believe that the masters of world finance will so easily hand over their CENTRALIZED system to all of us? I'm sure not, because they ruled the world, changed governments, changed the architecture and the map of the world for a long time - and now everything will change so quickly, and even without a fight? Not. I think it will be a long process and with great resistance from large financial centers. And our blockchain will still face negative and will survive more than one crisis. Do you think in vain they are entering cryptocurrency assets with billions of dollars and euros? sure to try and rock the market in your favor someday. I may be wrong - but I think so so far.

I do not think so bitcoin could be the one world currency. There has two reason 1 is country could lose their identity if they don't have there own currency. 2nd one is econimical problem for government and business too. Because companies collects capital via stock market. If people only invest in bitcoin then stock market will be finished that means countries economical balance also finished. That's why it can't be one world currency because every country should have its own currency. But there is a chance that bitcoin couldbe a Second currency like a mobile payment or a bank. Bitcoin could be same for world or some kind of investment platform. Its my opinion others could be different. Thank you

Actually, there won't be any such policies if we are thinking of a p2p economy as OP is expecting. If you don't control the flow of money as a government/authority then there is no point making any policies. Policies are made to control the money and channelize it. Moreover, the world would become static for third-world countries. How would they grow? All they would be left with is cheap labour from Big countries as even when they have money they would eventually pay tax to the global system who would utilize it for benefit of everyone equally. It makes no sense to have such a system. And yes you are right on point that who controls the currency controls the country.

Gold is already a one-world currency and so are other precious metals. They can be bought and sold in every country if you bring them from another country, after some cumbersome paperwork. ;D

Now bitcoin has been used by different country users so in a way it is also a currency for the people who used it not just the world. Again the reason why different countries have different currencies is based on their economic standpoint and that is something that is a huge thing to take over with one currency. So I dont think that is happening anytime soon. Yes people there might use bitcoin but that is not the majority, fiat is and will be here for quite some time.

Thing might change if we see governments allowing crypto trade openly in exchanges of that country, as we know in many places it is not that open to all.

That could happen under a global dictatorship, but there will still be one or few Nations/communities that can't be stopped from being independent of the global dictatorship.
By the way, a global dictatorship will prefer a fiat-like currency with little to no decentralization, transparency, immutablity, censorship resistant, privacy etc

Good point. Banks need to collapse first, before Bitcoin will be able to take over the world. Imagine if governments embrace Bitcoin in its entirety. If they start buying Bitcoins in mass across exchanges, they will be able to control most of its supply. Bitcoin will lose its decentralized model, becoming the next centralized banking system for mainstream governments. Only then, Bitcoin will become the "One World Currency" used as legal tender across every country worldwide. It sounds crazy, but we cannot discard the possibility of this becoming a reality sometime in the future. A one world government backed by a one world currency could restore order to our society as we speak. While I admit that Bitcoin is not scalable enough for widespread use, things could change in the future. With the Lightning Network and several other network upgrades aimed to tackle this problem, anything's possible.

Nonetheless, I wouldn't worry about a "One World Currency" at least in decades from now. There's a lot of work to be done as Bitcoin is still in its infancy. Even government-backed digital currencies are in their early stages of development (like China's Digital Yuan). Whenever or not Bitcoin becomes the "One World Currency" it's yet to be seen. Who knows what will happen in the future in the highly-unpredictable world of crypto? Just my opinion :)

Bitcoin is the same thing as gold, gold is like a one world currency, but the only difference is that gold is a tangible asset and moreover it can’t be carried around if you don’t have the license to do that, and that’s because the government wants to control it, but you can still buy it and own it as an investment and I can remember there was time you can send gold using BitGold.

As for Bitcoin, it is successful because it decentralized and is a digital money that anyone can easily have access to it, but the same way with gold, in some countries if you’re caught with Bitcoin you will be punished. So talking about one world currency, these things might seem like it, but they are nothing, as long as we have dollars, euros and the rest of them.

Moreover the one world government stuff is something that I don’t believe is going to happen anytime, and I can’t even imagine how it’s going to happen; assuming there was such, which country’s government do you think will be allowed to rule? Do you think the Chinese will agree to be ruled by another power? And do you also think that the US would agree to be ruled by another? Same thing with the others. This one world government thing is something that came about with the antichrist talks. Even if it’s going to happen, I don’t think it’s happening now, and believe you wouldn’t like to be here when it does.

1.  If monopolies are bad.

2.  Why should anyone want a one world centralized currency monopoly.

3.  Why should anyone want a one world centralized government monopoly.

It is trendy to support one world currencies and governments thanks to fictional universes like star trek and star wars depicting utopian futures ruled by centralized authority. But how much evidence for centralized monopolies being positive things exist outside of fiction?

I don't understand why people hop on a media bandwagon that says google, amazon and facebook are evil monopolies that must be punished. While simultaneously supporting monopolies in other sectors. Its one thing to have a poorly designed clock that doesn't work. Someone can easily replace it and get another. But poorly designed state structures and poorly designed currencies can wreak tremendous harm and loss of life measured in billions of people. One might think people would put more effort into those areas to prevent suffering and loss of human life.

The current 'collapse of the current world currency' and the 'one world government'. Are these these predictions feasible? Do we really think this would ever happen because, I don't see how the world would be bounded in a single government. With all the racial segregation and other nations looking the other one as gold diggers fir which an alians with them would imply death to the countries economy,,, this is just a speculation though but, I strongly doubt the possibility of a one world government nor the collapse of the current monetary system. The re might be modifications but, not a collapse.  Better still would be a collaboration or the two, cryptos and fiat.

Bitcoin cannot be the standard coin of a One World Government, Because first and foremost, it is decentralized. It's circulation wouldn't be precedented, influenced or controlled in any way, shape or form by this One World Government you're talking about. This also goes for any future currency that bitcoin will pave the way to. Because those coins would probably be decentralized themselves, knowing that it's the biggest defining factor and the biggest selling point bitcoin has to offer besides its high profitability and current price point.

For me I think the people already wants Bitcoin to be the number one world currency, I think government are the ones fighting it especially in Africa,e.g  Nigeria Government has banned the transaction of Bitcoin in the country, but the citizens of Nigeria needs it.

I also believe that the viability of the idea of a world currency and a world government is questionable in the current conditions. There are too many contradictions between different states in politics, too different levels of economic development, different conditions for the functioning of the economy to be able to agree on something like this. Even after the two previous world wars in the last century, this did not happen and will not happen now. The monetary system of the world is in crisis, but the world currency will not help.

The OP is talking about bitcoin being the one world currency rather than the one world government as there is no such thing  :D. To consider bitcoin as a global currency you do not need any permission from any government and since everyone is aware of the decentralized nature you do not need any central authority to give you the permission to use them as well, the people determines whether they want to use bitcoin as a currency.



 

No doubt it is. As more and more institutions using bitcoins in their platform, it is undoubtedly sure in the couple of years that this cryptocurrency will be greatly be used all over the world. More and more countries will probably be going to adopt.

Seeing Bitcoin as the "world coin" is as a result of its rapid and robust growth over the years which other coins are going in the same trend. it cannot really be stated in my own opinion as the world coin as several coins are emerging with rapid recognition than the way the bitcoin was seen growing when it first started. this has brought about competition in the coin market, so it can be determined in some years to come whether to really ascertain if the Bitcoin will definitely stand.

I agree with your opinion, governments do not have a very friendly position on Bitcoin, because they cannot control it, but they are generating many strategies taking advantage of Blockchain technology, in fact China is a pioneer in it, since its stablecoin has been quite a feat, for Russia also has plans to launch it in at least 2 or 3 years, they think that the digital age should be in their economy, the US for its part has not yet established a cryptocurrency or stablecoin plan, the FED is very aware of the steps that may happen with respect to debt and gold, they have considered Bitcoin to be a substitute for gold but not adapt it for not having a backing.

In some third world countries they tried to do it, but without success, Europe for its part does not have plans yet to launch a Digital Euro or Cryptocurrency, but in the near future I think it will be a priority to do so.

Okay, let's say that there is the subdivision but can it sustain the population though? I am asking a genuine question whether can bitcoin sustain it or not and you say that it is a bullshit, are you an economist to prove that it is bullshit?

well where did the french franc the spanish peseta. german d-mark al disapear

.. i will say there will be multiple fiats around the world. but as for which fiat is deemed the international reserve or the counter balance of all fiats.. well thats got more to do with which country is regulating international trade more so than which currency is favourble

bitcoin wont become the fiat counterbalance of international fiats. as its not able to be controlled by the regulating country.

bitcoin is a alternative safe haven separate from fiat and should always be considered an alternative and not a replacement

dreams of bitcoin defeating governments are for the fantasy section

You are right that smaller countries with their own currency won't be able to sustain their economy in the future. They only chance they have is export commodities but even then the payments will likely be in a different currency. There will be a lot of pressure on the currencies. So we will likely see more currency unions in the future. The problem a world currency would have is who will be able to control it. If the control is done via population quota then Asia will likely dominate. Having bitcoins as the world currency would make it easier because no one has control then.

I think yes bitcoin is the one world currency because this form of currency is use by many people  scattered in the whole world Thus bitcoin became the one world currency.  If we use bitcoin as currency to buy something you don't need to reveal our locality to determine when country you from that why it easy for use to use it where we are.

I believe that at the moment we are on the path of global changes and in this case we are witnessing the collapse of the world dollar system. This also applies to the collapse of the world government. As a result, we are returning to the moment when each country will be on its own, and in parallel to this, new global systems are being created that are different from the existing ones. Bitcoin's place in this case is very dubious. The fact is that although BTC is actively growing in price and it seems like the crypto community is growing and money is being invested in BTC, this is not enough to become a world currency. As you understand, the world currency should solve the problems of the previous one, that is, the dollar, however, BTC hardly has only one advantage, because BTC also has disadvantages and this is probably what confuses most countries of the world to start using BTC as a world currency. At the same time, the BTC price is very volatile, and the main thing for the world currency is stability.

Possible without any government interventions this system can be used as world currency, talking

about online transactions, it's very capable doing the work.


Can process the transactions without any needs of personal information the concept of P2P

is vey likely to proceed. Good enough if most people acknowledge and use this chain.

Currently I think Bitcoin could be the one world currency to date but we’ll never know what the future brings. And people create new great platforms almost every year. But since Bitcoin came here first and is most widely used, it could be the worlds currency without the government interrupting too and making it centralized and run by them.

There is already a reserve currency, and that is not Bitcoin. Ever since 1945, the US Dollar is being regarded as the reserve currency of the world. There are competitors among the fiat currencies such as Chinese Yuan and Euro, but they haven't been able to make a lot of progress till now. Being a reserve currency is very close to being a universal currency. Now the question is whether Bitcoin can topple USD from that position. It is possible, but not immediately.

Still trying to visualize if this is actually visible "one world Currency" no doubt to it that in the long run it can happen but I am not seeing it anywhere close to actualization now. For Bitcoin been the currency can happen in the long run.

This explains it all.

I've searched also the meaning of "one world currency" and it means "one world economy" or "one world government" just like what you've said. First, it is true that there won't be any "one world government" since every countries have its own pride and culture, I could never imagine the whole world sharing the same Government and agreeing on thing. Second, the "one world currency" is also impossible for me, I mean even if it is Bitcoin, other countries still hates it and banned it.

Even if this would happen in the future, I guess that's gonna take a lot of time before it could happen, and no one knows how long will it takes.

Yes, crypto market is following bitcoin all the time and bitcoin is one of popular crypto. It is one of promising and well known crypto currency all over the world. Day by day, the users and the uses, both are increasing on the field of bitcoin.

- Individuals using bitcoin in each country are relatively large and the growth rate is very high during the pandemic boom but regardless of its popularity and role as a currency, are people really using its role or are they just adding more flashy shells to bitcoin? We are clearly just investing in bitcoin every day, currency is a concept we have overlooked because the level of competition for an independent and uninsured currency on the back is so low, the social regime and the government will abolish such currencies

a large-scale transition to Bitcoin as a means of payment may take place, but only after a fairly long time. Until this period, all governments will oppose this in different ways. But it seems to me that its capitalization will mainly affect the adoption of Bitcoin, which will increase thanks to investments in bitcoin and, according to analysts, if the capitalization of Bitcoin increases by an average of 10 times from today's value, then Bitcoin will stabilize in price and if it is still not used as a means of payment, it will still become a sufficiently reliable storage for the savings of each person.

China is trying to replace the US from world reserve currency with one currency one nation and also they are trying again until 2020 with their digital yuan concept but USD became traded widely where no currency is near to its place so its literally not possible in the future.

Bitcoin is an infant compare to the total circulation of USD in the world in 2021 with one unit is traded over $63K so its a long term goal which ma happen in the next few decades.

Due to the fact that bitcoin isn't accepted by most government stands as an obstacle for bitcoin being used as the world currency, Usd has being the world currency and has hold that position for long, there have been other fiat currency competing with usd but hasn't succeeded taking the position, bitcoin on the other hand is still yet to be accepted by most government and still has many challenges, so I would say bitcoin being the world currency isn't gonna happen so soon it seems impossible now but in future might come to pass.

Governments may not accept BTC but its citizen will use them. They could just hide while using BTC and the government can't stop anyone from using cryptocurrency. China bans BTC but there are Chinese using it just look at how many exchanges owned by the Chinese.

Apparently, BTC will be considered one world currency even if BTC will not really be declared.

As long as bitcoin keeps decentralized and well distributed among different hands there is no risk of becoming the *one world currency*. We should also keep in mind there are many altcoins in this universe. So bitcoin isn't going to become the only of its kind. However, it doesn't mean globalists couldn't work to use bitcoin for their own benefit to fit their long term manipulation goals.

Although many people around the world know and invest Bitcoin, but currently Bitcoin has not been considered an official currency. It only accepted payment in some countries. So Bitcoin is considered a world currency that is very unlikely. And beside Bitcoin, there are still many other electronic currencies that are also interested by investors such as: ETH, Link ... where to know the position of electronic currencies will change in 2021. Although Bitcoin is is the main coin in the electronic money world.

No, we are at early stage of that kind of adoption; few countries are having norms which are friendly to bitcoins whereas most countries are neutral against bitcoins which means people need to stay safer on this own responsibilities; it means we are slowly moving toward the stage of one world currency regardless of where our governments stand against crypto currencies. So, in the near future people may ignore all other payment systems and may adopt bitcoins for worldwide transactions; which will simply emphasize that we are having one world currency.

But, there would be unlikely situation for bitcoin to be declared as one world currency or as worldwide a medium of exchange. Because we cannot expect governments to be convinced before most of world population will be adopting bitcoins. Only based on demand from public, governments start think about it.

The One World Currency: Is it Bitcoin?
Of course not. Although it is very popular, it is not eventually legal in all countries. That implies the government is not lending legitimacy. But since the identity here is from where we are operating we don’t even know rigorously. But I believe promptly Bitcoin will be recognized as a one-world currency. I loitered for that day  :)

Bitcoin is starting to be utilized as a currency in some countries who accepts bitcoin as a payment but i don't see it becoming a one world currency because for me there is no such one. I don't think governments from different countries will end up having a one world currency because admit it, every government officials have their own will and interests and unity is too far to be fully observed. But if ever one world currency will be implemented, cryptocurrency like bitcoin will never be their perfect choice knowing its naturally decentralized.

Bitcoin with its Lighting Network is the world's best currency...
but for now, I look more at the fact, that the value of Bitcoin is really high and very comfortable if it is used as an investment asset rather than a currency, if you want to become a 'one world currency' I think it must be a stable cryptocurrency.

From the point of view that it is the world currency adopted by governments, I think that is not the case, because if it is a global currency it has to have control and nobody has control of Bitcoin, Bitcoin will always be the competition for any currency, as it The best thing about Bitcoin is that it has no backing like gold or something else.

More than 5 years ago I read an article where the United States planned to launch a global currency, where its symbol was the eagle that characterizes the United States, and they said that it would be much stronger than Bitcoin itself, currently I did not hear from that project again because of part of the US, I think that is where the world currency goes.

I guess the situation will change! The world is making progress in every way, can we even imagine the world in the next 50 years? If you turn around and try to realize the last 50 years, you will find it almost impossible to predict what can happen!

My perspective is simple, if you can imagine one global currency, what that currency needs to be, and what needs to have to take that spot, only Bitcoin fits all criteriums! Without a country that can claim it or control it... is there any other currency that can be accepted by the east and west, whites and blacks, and you name any other difference between countries and people! Bitcoin can solve some trust issues here, simply we need a wallet address and we will know can we trust someone or not!

I believe in one world currency, but that will come when people of the world unite... and that can happen, but when? On which level people's awareness has to be for that? Well, I can only believe that Bitcoin can help all of us in that way, it's a tool, I hope we will learn how to use it!

I don't believe that the one world currency or the one world government is possible, but I believe Bitcoin can be the reserve currency like the US dollar nowadays.

- Instead of believing in the bitcoin currency theories many people offer, you have probed into factual information and the proof is the best outcome for your concept of bitcoin, as a result, you are very accurate when considering bitcoin as a long-term investment in world markets, currencies are just a narrow angle of theory and not universally applicable. World currency should only be the title of countries with strong economies such as the US and UK, they have the power to dominate and maintain due to their large political and economic resources while bitcoin is very poor in this regard.

At some point, we can see that it aligns to the theory that was made way back before bitcoin was made. It might look like a coincidence but we should also consider how popular and how possible it may take place in the future. Even though it is so far from happening right now, we should take consideration on how much recognition has been getting ever since its value went up. As technology advances more, the greater the possibility that it would soon be declared as the one world currency. Nevertheless, we should still remember that there are a lot of other currencies that exists in the world right now and some of it can be a candidate of being the one world currency.

Cryptocurrency is an Universal currency/world currency for its possibility to get exchanged to any country's fiat. Bitcoin will not get acceptance as one currency for the world. It takes years, because the acceptance level as currency is very low compared to its usage as investment and transaction platform.

Gold actually used to be the World Currency.

Bitcoin won't be , at least not for the regular people, price and transaction fees drive it out of the masses ability to purchase.

Now Banks , the rich, & corporations will all use bitcoin , but the rest of us will be using offchain systems or altcoins that are affordable.

Or hasn't it? The power of society can form a new definition for what is called one world currency. The decentralization will soon become as strong as the government and Defi will rise and overtake the current economy. When the time comes, even the strongest government cant stop the crowd. They have to admit that bitcoin (or maybe any other cryptocurrency) to become the next era of the monetary system. Moreover, we are promptly heading to a new age of technology where IoT, AI, and data will dominate the world. Bitcoin will definitely have its spot to shine

Bitcoin needs a lot of improvement and recognition before it is fully adopted not just for investment but also for daily transactions. It is obvious that right now bitcoin is only considered as a term of investment where people can earn huge profit by storing bitcoin.

along with the times, the intensity of human activities is getting denser, as if there is no time to do various activities. therefore with bitcoin, I think it can streamline one's time in terms of transactions

If there were to be one, then I can say with some confidence that it will be Bitcoin.

It is clear that blockchain is the way forward in terms of a unified global currency. CBDCs around the world will likely try to jostle for position as the world's reserve currency (especially the Chinese Yuan).

But at the end of the day, grassroots adoption is going to favour BTC and not any centrally backed token. People and institutions are waking up to the fact that fiat has no intrinsic value, and the blind faith in the fiat system is all that gives it value.

Well when it comes to one world currency then I don't think it would be bitcoin cos everything we're seeing now is still going to come to fade away before the mark of the beast 666 which is going to bring about it new currency not really bitcoin or what we are seeing now.

Bitcoin will be more famous in the future and when that time comes, lot of people are expect to use it as a currency unlike today that people see it more as a store of value. But honestly, i don't think there will be one world currency because every country has its own currency. If you visit another country, you will use their currency and not yours. So one world currency is still too far to being implemented.

Of course bitcoin can become the one world currency, as long as the people use it for their daily needs. Right now, more merchants and companies need to integrate the bitcoin payment method to their system in order to wide spread the idea. Look at Elon Musk and the way he accepts bitcoin in Tesla. It has triggered a big boom for the whole cryptocurrency economy

Governments can't control Bitcoin, but they can certainly embrace it. Imagine if governments and central banks surrender their financial sovereignty. Only then, it'll be the demise of Fiat currencies as we know them. Despite Bitcoin being a decentralized cryptocurrency, there's nothing stopping governments from using it for their own benefit. If Fiat goes all the way down the drain, all of the world's governments would simply adopt Bitcoin as the new standard of money. This means that Bitcoin will be used for all debts public and private.

Nonetheless, I believe that the "One World Currency" would go hand-in-hand with a "One World Government". This is far from happening soon because the world is not ready yet for a truly-digital and cashless society. Countries cannot reach a common agreement over certain issues, so the odds of a "One World Currency" becoming a reality are very slim. If it does happen, I think Fiat will be more suited for a "One World Government" than Bitcoin itself. Whenever it'll be the US Dollar, the Euro, or the Chinese Yuan is yet to be determined. At least we have financial freedom with Bitcoin. Just my opinion :)

Biblically speaking one world currency will be happen for real in the future. We just don't know if this is the time, but of course no one knows this thing to be happen when? Although, some of the individuals had their point on this, just all I know Bitcoin at the moment was really being accepted in the majority of the country in the entire world now.

Firstly why people will adopt a single currency like usd, euro in all over the world? There are a lot of fiat currency in different county and they won't adopt others currency easily. Bitcoin can be a great choice for adoption because it is decentralized, fast and reliable.

But as of now, USD is being used worldwide as reference currency to value anything at any part of the world which helps everyone to understand the worth of a product rather than interrupting values in local currency. In short, one world currency will be useful when you transact with foreigners. So, having worldwide one currency will help all of us time to time and here we are discussing bitcoin will replace USD on this regard.

Euro is one currency for all European counties. Probably bitcoin may get recognized as digital gold at first and then slowly may reach to the status of one world currency.

Precisely. The US Dollar is used by many countries worldwide because of its stability and reliability. On the other hand, the Euro is used by European countries for all debts public and private. If various countries adopt a single Fiat currency, I don't see why it isn't possible with Bitcoin. All it takes is for mainstream governments to trust Bitcoin as a legitimate medium of exchange. Then, we can talk about Bitcoin being the "One World Currency" for all.

Regardless of how popular Bitcoin becomes in the mainstream world, it's unlikely governments will cede their monetary power to a decentralized cryptocurrency like Bitcoin. A Fiat currency like the US Dollar, the Euro, or the Chinese Yuan have better chances of becoming the "One World Currency" than Bitcoin itself. For this to work though, all of the world's governments will have to unanimously agree to use one currency for all debts public and private. This will enable a "One World Government" where every person is a citizen regardless of his/her country of residence. While all of this may sound crazy, it could become a reality if there's a "global reset". One World Currency or not, Bitcoin will be here to stay thanks to its decentralized and censorship-resistant nature. Just my thoughts ;D

bitcoin has become a currency all over the world without your realizing it, almost all countries have used bitcoin as an investment and now it has reached an interesting peak that bitcoin has set an example for adoption for cryptocurrencies, many countries have also made their coins stable I believe in the future there will be a currency that will be used around the world and it will be a stable coin which will definitely make transactions more secure because there is nothing to worry about when the price drops.

We still don't have one world currency because we still don't have a one-world government, every government for every country has a different look for the different currency, bitcoin as one world currency is possible but it would take so much time before it happens, a lot of things should be considered first before they consider it as a one-world currency, we should have stable internet first and a good knowledge before we have a bitcoin as a one-world currency.

Maybe volatility is the issue why this global adoption slowly happening in terms of merchants adoptions, but what good thing is there are few merchants already showing some good acceptance on major crypto's if many more will adopt it then provably we can see more transaction and increase of usage on bitcoins then maybe we can see bitcoin make it the same wit Euro and US dollar which gain a massive usage by people all around the globe.

Bitcoin might not the one you are mentioning though adoptions for making it a good investment assets brings more investors to this market.

aside from Bitcoin, not sure if there's an alternative coin that will show up and be embrace by the whole community, where both people from crypto and financial market will co-exist using that said crypto currency.

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Well said! every government have their own position about every matters, one government might far to happened. Bitcoin presence might an open door if most countries start to adopt this chain and embrace the entire ecosystem.

I don't think that a one world government is going to work though, there will be people that will oppose its implementation because they know that when there is a centralized government, corruption and tyranny is going to set in. One world currency on the other hand can work, euro is a good example, it works in EU and there seems to be no problem, so in short it doesn't need to have a one government to have a one currency.

I also don't see any other currency to be a one world currency other than the bitcoin. Bitcoin is the only currency in the world which is trusted around the world and everyone is wiling to buy bitcoin. If all the governments and financial authorities can agree, we can have one world currency as bitcoin.

- Although quite a lot of people around the world apply the definition of currency to bitcoin but I want to ask what country in the world is agreeing on the rules and even on behalf of other countries to declare the possibility of bitcoin, maybe you will find it difficult to find the answer when the countries considered to be the strongest and their words are most effective, they still do not trust the concept of currency in bitcoin. The common and only consideration of these countries remains that bitcoin is the biggest fraud center on the planet, cannot be currency and cannot be legal

When someone disagree with a point that you are right and sure about, I think they are also right in their opinion. Here is why.
No matter how good something is, with proofs as an alternative to an existing system, there are this set of people that will always disagree with your point, the same applies to bitcoin and that's where my point is going in the first paragraph.
You are crypto enthusiasts and bitcoin maximalist because you know the value but not everyone will agree with the motion.
The government of a every country has something similar, greediness. As long as crypto is not controlled, they will never yield it as global currency.

Bitcoin is not a currency for the simple fact that it is not backed by any government, has a scalability of 10 minutes (too high) and its production is limited.

Read this blessed whitepaper damn!

Monero will see more usage as time comes.

No one can really tell what's will happen in the future all of us are just also speculating things of what might appear and what's not, but if there is indeed "One World Goverment" that wouls exist in the future, for sure there would also be a one world currency. There would agree to unite, all for one purpose to take control of the world. And if that happen they might consider bitcoin to become part of as a means to transact and trasfer money of fund easily.

If there is a "One world government", that government will have its own world currency, and there is a very slim chance that this world currency will be Bitcoin. However, given the current economic and political contradictions between different countries, I am not sure that there is a possibility of such a "world government". At most, you can count on such a block of countries, but I am not sure that such large countries as the United States of America are interested in this and will simply allow this to happen, because it will undermine their leadership as a state.

The odds of Bitcoin becoming "The One World Currency" are very slim. Governments want power, so they won't allow a decentralized cryptocurrency to "break" the existing monetary system anytime soon. They might as well create a currency of their own they can easily manipulate than rely on Bitcoin for all debts public and private.

Regardless of what happens in the future, one thing is certain: the US Dollar will lose its status as reserve currency of the world. Governments from around the world will either choose a new currency that will replace the USD or simply create a "One World Currency" that will rule the world. It's most likely we'll end up with a unified monetary system that will improve the global economic order. Bitcoin might not become the "One World Currency" but it could become an alternative to what's coming in the future. This leads me wondering how the economy will look like decades from now. Just my opinion :)

In our world, even now there is no single world currency and it is unlikely that it will ever be. There have always been, are and will be conflicts between states, taking into account various political, economic, religious and other interests. Since the dollar claimed such a role, the countries of Europe united and created their own euro, China is now strengthening its yuan and wants it to be an international currency in the Asia-Pacific region, for which it is creating its digital yuan. That is, we see that states do not seek to have a single currency, they prefer to use regional currencies in international relations. However, such currencies definitely cannot be a decentralized cryptocurrency for states.

I see this issue as very delicate, because opinions can hurt sensitivities, although all the ones I have read have a great degree of logic, when talking about the single currency that cannot be attributed to Bitcoin is very right, until now no one controls Nor will it control BTC, and this is a sufficient reason for the world elite not to establish it, also another of the things that can give us or intuit that it is not BTC is because there is a lot of war with BTC, banks, governments do not accept BTC, in fact many countries are beginning to launch and develop their own cryptocurrency or stablecoin.

The single currency can be created, but I think that they will never dethrone BTC nor can it be BTC. If it were BTC, it is like an ideal world and such a thing will not happen, it is lamentable but I think that such good things in the world are not capable of happening.

If you can split it evenly among everyone on this planet then you could probably say that it is the one world currency but in reality it is going to be difficult because A.) There is a lot of lost coins , B.) There is a lot of people, C.) There is a limited supply of bitcoin and D.) Which is the most important consideration is that how can we circulate it really fast around the globe to keep the economy working at a stable pace.

Ofcourse.
Bitcoin is a global currency and will definitely not be the only currency to exist, as long as autonomous human societies will continue to exist.
One World Currency would be centralized and imposed or forced on people by tyrants. Free society/people won't be part of such system. They will be living far away from the rest of the World.

Bitcoin is a cryptocurrency traded through open source cryptographic protocols it cannot be seen or touched it is made online and used online. This currency is number one in the world of crypto but no one can give an exact indication of how long it will last there are a lot of cryptocurrencies on the internet such as ripple ethereum etc of these bitcoin is currently the first and most talked about cryptocurrency. These cryptocurrencies have some common features and some have their own characteristics that currency makers determine it has no value in itself.

Well, Bitcoin is already divisible to 8 units. With a supply of 21 million coins, we can divide Bitcoin into 2.1 quadrillion satoshis for the whole world to enjoy. Scalability is one of the many things to consider if we want Bitcoin to reach millions of people worldwide. This, added with worldwide internet access, should make Bitcoin suitable as "The One World Currency". But I don't think governments will adopt Bitcoin as such, because of its decentralized and censorship-resistant design.

A global CBDC will fit the bill nicely as governments will be able to gain full control over people's financial life. The real issue would be getting countries to reach a common agreement. This would be impossible to do so right now, since countries worldwide are constantly in disagreement. But who knows? We may reach mass globalization in the future as the Internet and Blockchain tech change our world for the better. Once we become interconnected and Blockchain tech becomes mature for mainstream use, then we can talk about a "One World Government" and "One World Currency". Just my opinion :)

The problem with bitcoin as a currency here is legalization from the government, where most countries have not been able to legalize it so that it cannot be used as a legal means of payment. therefore, currently bitcoin is more inclined to be used as an investment and trading tool

There could be a lot of candidates but this is not bitcoin for sure. How you can use it as global currency with 2 transactions per second

It is true that until now, most countries have not allowed bitcoin to be a means of payment,
I think this is inseparable from its fluctuating nature so that the government does not allow it,
currently bitcoin is only used as an investment and trade and it is very profitable

If theres only one currency that can be for the whole world that would definitely Bitcoin , Dollars had tried to be for the whole but does not happen up to now .
In time there will be the way to make it progressive , have you heard about Lightning Network? if does then best to change your view towards bitcoins transactions accuracy and speed.

Apart from the correct facts that have already been already told to you, We must acknolwedge that Bitcoin networknever had a maximum troughput of 2 transaction per second. 

For now, i don't see bitcoin as a one world currency because it's not being supported by the government in the first place. Each country has its own medium of exchange so bitcoin might find it hard to replace its position.

Maybe in the future bitcoin will definitely become one. But for now, let's enjoy how bitcoin gives us huge profits and its incomparable bitcoin as an investment and as a good store of value.

My hope is that bitcoin, as an alternative means of payment alongside fiat, is already a great achievement. we know many countries that prohibit the use of bitcoin as a means of payment, but if we realize we are still lucky because it is not prohibited to have bitcoin until now

In some ways, the US dollar is the World Currency, and has been for years. But each country will still have its own fiat currency, both now and in the future, I believe.
So i dont think governments will unanimously agree to use a single currency for everything, this is impossible. I can see the only possibility is that there is only one country on Earth.

It is not bitcoin.


I don't really believe we'll see this happen for hundreds of years. One world currency essentially means we will have achieved "World Peace" by one standard, or another. That idea looks different depending on the soil you stand on... And there might be some fighting the world would have to do if one were to impose their version of this idea on another.

I don't believe it's impossible, but I don't believe bitcoin is the means to achieve it.

I believe we'll see capitalism usher in new innovations in blockchain as a product, like a commodity money for different networks of trade and access tokens for different products.


I see the future hierarchy of the digitalized global economy, in terms of the currencies and mediums of exchange looking something like:



Fiat (USD, Euro, and albeit begrudgingly, the Yuan)  

Bitcoin (Store of value for all digital assets "gold for crypto")

Altcoins (Ethereum, Polkadot, etc.)

Product Tokens (Tokens built on altcoin networks that function as a digitalized, interchangeable, commodity money for goods and services rendered by various forms of organizations using new business models backed by various forms of blockchains, dapps and smart contracts)



It is quite possible that the idea of a "one world currency" may actually be antiquated by the proliferation of blockchain. Unless a single government takes over the world, I honestly don't understand the point with digital money and global internet access happening as we speak... If anything, trade is about to get a lot more interesting and profitable for every first world nation, and every citizen and organization of those nations paying attention.


After the world gets a handle on covid, with the race between the Digital Yuan and the Digital USD, Global trade expansion is going to be very interesting with starlink fully operational and the further maturation of blockchain.

I understand that Bitcoin's limited transaction capacity makes it unsuitable as a global currency. This no longer becomes an issue with the Lightning Network in play. Even with a limited supply of 21 million coins, there's more than enough Bitcoin for anyone to enjoy. That's because Bitcoin is divisible to 8 units, meaning there are quadrillions of satoshis for everyone.

What's stopping Bitcoin from being used as a global currency is its decentralized network architecture. If it wasn't by that, most (if not all) countries would've adopted Bitcoin already. After all, governments want something than can manipulate to their own benefit. Time will tell us whenever countries will have a diversity of currencies at their disposal or unify themselves with a single, global currency for all. Just my opinion :)

For now, it really seems like Bitcoin will maintain its place when it comes to being "The One World Currency". But this does not mean that Bitcoin will always be at the top of all of the cryptocurrencies. There is always going to be a possibility for us to see another coin taking Bitcoin's place in the future.

But what good thing is those countries who ban bitcoin are now opening their door to adopt the new changes of financial system. And I don't convince about bitcoin is the one they want to use since for sure they are aiming for USD to became more stronger, bitcoin is little bit new so expect that billionaires and government are not supporting this idea.

Actually, it is right when a state ban you something, particularly a currency, that an alarm bell should ring and warn everyone that particular item is precious. US forbit gold, every totalitarian state forbid owning foreign currencies. These are the signs bitcoin is still needed as the asset pc individual sovereignty.

I think Bitcoin is not stable enough to be used as a world currency alone. If the national policy allows Bitcoin to become a social product, there is no problem as a means of payment. In addition, the value of Bitcoin and its function as a means of payment also depend on whether the whole society accepts it. Therefore, it seems that Bitcoin is unrealistic as a single currency in circulation. In this sense, Bitcoin is just an asset, a value-preserving product of the same nature as gold, and a product of consensus. Its value as an investment asset is still acceptable.

It can never be because bitcoin is not stable as a currency. For it to be widely adopted, it should not be volatile and the fees should not be expensive, people will only use it that way, not the current situation. Bitcoin, as it stays longer, has not become a currency according to its purpose, instead, it becomes a speculative asset and its purpose now becomes an investment.

Never say never, but still, on the whole, I agree with you. Despite my generally positive attitude to cryptocurrencies, it is worth saying that in general, the idea of one or a single world currency is not feasible in modern economic and political conditions, and even if this idea were to come to life one day, it would hardly be bitcoin. Because the adoption of bitcoin as a single world currency would mean the collapse of the entire political and economic world order, when states suddenly cannot support their currencies and manage the economic mechanism in the state through the national currency. In general, if this idea suddenly comes to fruition, what does it mean that a disaster has happened to the whole world and state institutions have suddenly stopped working.

bitcoin being the only world currency is very unlikely even though it could happen, we certainly know why...? can you say bitcoin vs government can be together ....? until now its function 76% still revolves in transactions in the market as one of the traded investments and the rest as digital currency for real transaction tools

right, it is very difficult to make bitcoin the main transaction tool in the world, we know that until now many countries still prohibit it as a means of payment, it is possible because of its decentralized nature which is not suitable for managing the economy of a country, because the government cannot control it

bitcoin is not really intended to become the "only money" at all. As said by other posters, that it technically nearly impossible, not just for the limitation of the network, but because the mechanism to float the value of goods in different countries is nowadays solved by having all currencies float respective to each other. If that did not exist, you would need to change the price of goods almost every minute in every place.

Bitcoin can however become the dominant way of transferring value for transactions of certain value, across borders, international commerce,... There is no particular need to pay for your coffee with bitcoin as there is no need to pay for it with gold bullion coins.

I really don't think that bitcoin is in any position or on its way of becoming a one currency that is used all over the world, and that is due to a lot of issues and a lot of problems, lie high fees and long transaction time, and these pose a problem when it comes to the day to day or microtransactions that people usually do, like shopping or paying for small things, so unless this problem is solved i don't think that people would prefer to use bitcoin over the normal payment methods.

No government is behind the creation of bitcoin even though any government created it based on one world one currency still it doesn't make any sense simply because bitcoin is completely decentralized so even of you hold the bitcoin you can't alter the codes in it, if you try to change the nodes then it will become invalid so Satoshi is someone from middle class but have the economic futuristic thinking created it before the one currency concept.

At present, I think it is not feasible enough to circulate Bitcoin as a world currency. First, as a world currency, it needs to have circulation capabilities, but the circulation of Bitcoin is not very good now; because Bitcoin is limited, the total amount is limited. Fixed, it is austerity. As the amount of mining gradually decreases, people may be more inclined to collect, rather than sell Bitcoin. In this respect, it is not suitable as a world currency; and when Bitcoin is used as a means of payment , Transaction costs and time, the cost of small payments is higher, although through LN may effectively improve this problem, I hope to achieve fast payment in the future, no fees.

In the future world, digital currency will become the mainstream currency, and Bitcoin is forward-looking. In recent years, the emergence of multiple digital currencies has failed to shake Bitcoin's position in the encrypted market, and people's recognition and use of Bitcoin are also increasing. Bitcoin is not subject to national restrictions and can be circulated and traded all over the world. And El Salvador has adopted Bitcoin as legal tender, and some regions also want to use it. Cryptocurrency is the future trend, and Bitcoin may also become the world currency.

Bitcoin is not yet a world currency, it is more used as a store of value. There are still some countries that do not accept Bitcoin, and Bitcoin cannot be used as currency in these countries, but Bitcoin can be used for payment in many areas, especially in El Salvador that has already adopted Bitcoin as legal tender. With people's recognition and demand for Bitcoin, Bitcoin is the future development trend.

Bitcoin is a decentralized cryptocurrency. It is not controlled by governments and banks and can be traded at any time around the world. I don't think Bitcoin will become a world currency yet. It will still be restricted by some countries or regions. Compared with currency, Bitcoin is now more suitable as a store of value, and people prefer to invest in Bitcoin to profit from it.

If you can have the whole world agree that bitcoin becomes the main currency for everyone around the globe and make USA relinquish their US Dollar status as a reserve currency for many countries then there's a possibility that you can make bitcoin the one world currency, also worth mentioning that China wants to be the next reserve currency so I don't think that they will easily bulge.

Yes but in decentralized form and not centralized. However, it may be good if we compare to centralized currency. As we all know the so many benefits of decentralized currency.

First off, there wouldn't be a "One World Government" not now and not ever.

Secondly, Bitcoin is hardly ever going to be generally accepted as a "One World Currency" because of these major challenges.

1) Technological issues
2) Transactional issues- It is too volatile
3) Regulatory issues

We're still far from getting a "One World Currency". The world is just not ready yet for this, since not every country has the latest technologies. Once they do, then we can talk about a unified, global economy. Whenever Bitcoin will become the "One World Currency" or not, that's yet to be determined.

The most likely situation would be that an existing Fiat currency (US Dollars, Euro, etc.) will become the sole currency for all debts public and private. This could be achieved either through Blockchain technology, or a centralized database manipulated by governments and central banks worldwide. What's important is that people have an "exit route" from the traditional monetary system. As long as Bitcoin exists, nothing else matters. Bitcoin will never replace Fiat because of its decentralized and censorship-resistant properties. But it could serve as an alternative for the unbanked and those who need it the most. With or without a "One World Currency" crypto/Blockchain tech will carry on as usual. Just my thoughts ;D

Bitcoin is a cryptocurrency, and its underlying technology is very powerful. Bitcoin is decentralized and has the characteristics of non-copying and non-tampering. Bitcoin's transaction volume continues to increase, indicating that more people are using Bitcoin, and its scope of use is slowly expanding.
However, some countries have cracked down on Bitcoin restrictions and prohibited the use of Bitcoin transactions. It will take a long time for Bitcoin to become the world's currency.

If we look at the development of Bitcoin over the past 11 years, it is very clear that Bitcoin is getting more popular, and more and more people
have Bitcoin. So it's no wonder the volume of Bitcoin transactions has also increased, perhaps because the blockchain technology used by Bitcoin
provides something different. This is why Bitcoin can be accepted quickly by many people, but unfortunately there are still some countries that prohibit
the use of Bitcoin. Because Bitcoin cannot be controlled, this is what makes some countries reject Bitcoin. In the end it is almost impossible for
Bitcoin to replace fiat. But this is not a problem, the most important thing is that Bitcoin can be an alternative to fiat and that is what is needed
at this time. Therefore, it is still too soon to conclude that Bitcoin will become the one world currency, it is still a long process to achieve that.

right, it's too early to conclude that bitcoin is one currency. for now bitcoin can accompany fiat currency to be its companion, I think it is a very good target. therefore the existence of a country like elsalvador, makes bitcoin a bigger chance to be accepted also in other countries. and good news from influential people can also spread bitcoin to people all over the world. considering the current bitcoin users are still very minimal

To get to the bottom of this topic I think we need to recall the main reason why Bitcoin was introduced which says "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without the burdens of going through a financial institution." which mean it serve as an alternative or a path setters not to be One world currency.

Bitcoin is holding it own and will never get 100% support of the government cause it is decentralized, so will need to throw that thought and believe that Bitcoin will be One world currency now or in the future when all the government in the world barely work together or understand themselves and the issue of how COVID 19 went from China to the rest of the world is an example.

sure this is not sooner or later, obviously we all see the technology and future of BTC, a transaction is now as popular among users as that currency is BTC, so BTC is money the body of currency in the future, as long as some large countries accept BTC as payment, all small countries will follow and now there are many countries accepting BTC payments.

Yes that's right, we need more time to convince the world to use bitcoin, too many countries have banned bitcoin thus hampering the development of bitcoin, positive campaigns about bitcoin must be propagated so that more and increase active bitcoin users.

Bitcoin can not be the world currency because no country will dump there own currency and embrace Bitcoin which will not add greater value to there economy. It is very hard to think about Bitcoin being the world currency when different countries are still fighting against the existance. Bitcoin is a good digital currency that can be used as currency but it volatility will discourage it use. A currency need to be stable and durable not like Bitcoin that has huge volatility in price.

It is very difficult to answer your question, as anything can happen, but if you look at the facts, you can draw some conclusions. As for BTC as a world currency, then you should understand that in this case you should easily come to a grocery store and buy a loaf of bread or a cup of coffee using BTC and at the same time transactions should be fast with minimal commissions. At the moment, this cannot be, which means it is difficult to imagine BTC as a world currency. I also listen to various economic analysts and one of them claims that our world will soon disintegrate into currency zones. Based on this information, it can be assumed that there will be no world currency at all. In this case, if this is true, then there is no point in discussing this issue. However, it is possible that BTC will be the currency of one or more of these currency zones, but again, if it can solve the problems that I have outlined above.

I do not think that there will be a currency that will be preferred by other countries. Like if it's going to be USD for the one world currency, China won't agree to that. So it's likely that bitcoin or any cryptocurrency that they prefer would be one but we've got more feeling that it's going to be bitcoin that they will all prefer since it's the one that's being accepted everywhere and there's no need to convert it first into any other fiat currencies when transacting because it is as is.

Disagree on both points and I hope it never comes near true or we likely have that fear realized as war and resistance to this possibility.   I dont think it is probable or possible even, we will continue to have a multitude of currencies of all types FIAT and commodity based with BTC as a security based token thats especially useful for online remote transactions.   Just being established in its own corner respected in that sector of commerce would be gigantic and worth trillions in commerce done.  Over reaching for absolute dominance reflects the past and the saturation of dollar world wide when it should never have been so prevalent in a unilateral way its best to allow a variety not attempt some perfect singular currency, I believe its a fallacy to expect or aim for that.

China's not even into Cryptocurrency anymore. They even ban mining and other crypto related form of work there and probably more ban will come. It is somehow believe that these crooks will make their own digital currency and could rival their counterpart USD. Furthermore, bitcoin in other areas in the world is quite supremely admired. Many countries are now into it so let's just hope it could still propel us into more adoption.

This may well happen, but for a very short time, and the reasons that led to this, as well as the consequences, will not be as rosy as the supporters of such an idea are trying to present it to us. The system of a "One world currency" and a "One World Government" will in any case be unstable and will not last long, because it does not take into account the heterogeneity of the political and economic development of all states that exist on the planet Earth. The colonial system seems to have sunk into the past with torments, but people who promote "world" ideas themselves do not understand that they are trying to revive this not the most pleasant and beautiful ghost of the past.

Lol they have already created a Digital Yuan if you are not updated  ;D ;D ;D

Here is it if you are not aware.

https://i.imgur.com/eEL8qHR.png

So basically this is the reason why they are pushing Bitcoin away of their site and economy.

Yeah. Coming future Bitcoin will be reach the all country. Bitcoin is future digital currency. If reach the Bitcoin all country's. World will be chage digital way. Bitcoin price is any time to change the price. Nobody no the Bitcoin price up and down. It not easy to guess the price. So people exchange the coin

They are. Most of the mining equipment is manufactured in their country and despite that, they've banned cryptocurrencies, and yes they've taken the idea from cryptocurrencies with what they're building right now and that's their CBDC. They're making their own digital e-yuan.
Article: China digital currency: could Beijing’s advanced e-yuan replace smaller Asian currencies? (https://www.scmp.com/economy/china-economy/article/3138622/china-digital-currency-could-beijings-advanced-e-yuan-replace)

I think the question is not about btc being the One World Currency but if the main purpose of its creation is maintained, how can btc play the role of a one world currency when it is been traded in the market for the highest bidder, btc was design as peer-to-peer decentralize digital currency for faster transaction without any third party interference! people are more interested in the usd value of btc than it main purpose, even the institutions that are accumulating btc are doing so for the possible fiat value they may gain the the future,
so the idea of btc being one world currency is far-fetched i would say. 

At this point in time, it looks unlikely a single currency will take over the world. But imagine 50 years from now when Blockchain technology becomes a part of our daily life. By then, it would be possible to implement a unified monetary system that's capable to withstand anything in its path. I'm sure governments worldwide will reach an agreement to rely on a single currency for all debts public and private. This will ensure full globalization as we speak.

Instead of relying on a basket of currencies for conducting business on different countries, you'd rely on a single currency enabling you to become a global citizen. It sounds crazy, but anything can happen in the future. It's much more convenient for governments to enforce the use of a single currency for everything (full scale global surveillance) than different types of currencies. Everything will depend on governments' and central banks' approval to make it happen. Regardless if Bitcoin becomes the "One World Currency" or not, it'll be here to stay thanks to its decentralized and censorship-resistant design. Just my thoughts ;D

I don't know how about you, guys, but I think that the ideas of global government and global currency is a total BS.
There has been so many different theories of the only language and the only government on Earth. I cannot imagie how it could be possible for people to unite. Maybe there will be some catastrophy which will kill the vast majority of people and there will be only a small group of homo sapiens sapiens which will have its leader. In this case you are right about one global government. However, I can hardly imagine bitcoin or other cryptocurrency in the scenario of apocalyps. Perhaps, people are likely to use shells as their currency in such a situation.
I totally support the idea that bitcoin and other cryptocurrencies have rosy prospects and their capitalisations will continually grow, and people don't want to be limited by a single crypto, people want variety.

Bitcoin is becoming more and more popular, and many countries have also agreed to accept Bitcoin, but voices against Bitcoin still exist. If it is too early for Bitcoin to become the world's currency, it will become the world's currency when many countries that ban Bitcoin have also agreed to use it.