Bitcoin is one world currency

[camilocollin6]

How would it be if there was only one currency in the whole world, then there would be no hassles, no exchange problems, we could use the same thing everywhere, and there would be no inflation.One world Bitcoin currency,why need this ? If there was a single global currency, businesses would not have to deal with different exchange rates and currency conversions, which would speed up transactions and save administrative costs.A universal currency would improve the stability of international trade and investment by lowering exchange rate fluctuations.The effectiveness of global trade could be increased by lowering transaction costs associated with international trade and finance by doing away with the need for currency conversio[Suspicious link removed]ices would be easier for businesses and customers to compare across national borders if they were all stated in the same currency, which would increase competition and transparency.A single currency could promote economic integration among nations, similar to the effects of a common currency within a single country, potentially leading to increased trade and economic cooperation.

However, it's important to note that while these benefits are theoretically appealing, the practical implementation of such a system would pose significant challenges . What do you think if try to implement one currency in the world ?

[Barikui1]

To me their is so many benefits attached to it, if the world in general can adopt a single currency, but I think it's highly unlikely, even though Bitcoin has that potential which is very good, but the adoption process in most countries around the world are slow due to it unique decentralized nature, which makes government in most states have refuses to it adoption, because to them it's like they are losing that control and power they uses to govern.

I just believe that Bitcoin is still a teenager now, by the time it moves up to 30year old, their would be more adoptions, and besides technology is gradually taking over everything, so I believe that the younger generation will want to take more advantage of it than us.

[Y3shot]

It is impossible for the world to have just one currency because it is not just one government that is controlling the whole world,  with this one currency for the world won't be possible. If bitcoin was something so easy for the government to destroy, bitcoin won't have be existing till this time. The reason why we have bitcoin till this time is because it is decentralized and can't be manipulated by anyone. But I think if it was possible for the world to use one currency i don't think inflation will be very high.

[7juju]

The world cannot adopt a single fiat currency for many reasons. Ranging from religion, political, and cultural differences. If there were a single global currency I think there would be economic laziness from several countries around the world. Some country and their government won't be ready to work, because there won't be any consequences to it as there will be no exchange rate. Having a single global currency will limit the government ability to regulate many sectors in their country and you will hardly tell if the economy will be growing. Currency difference is really helpful as many countries are really working hard to see that their economy is working so that their currency will be valued in the international market. Who will be in control of the currency management will be a problem and this has a potential of causing a world war. Bitcoin is only able to make it this far because of its decentralized nature and the Fiat system isn't decentralized.

[Manlikefrank1]

How would it be if there was only one currency in the whole world, then there would be no hassles, no exchange problems, we could use the same thing everywhere, and there would be no inflation.One world Bitcoin currency,why need this ? If there was a single global currency, businesses would not have to deal with different exchange rates and currency conversions, which would speed up transactions and save administrative costs.A universal currency would improve the stability of international trade and investment by lowering exchange rate fluctuations.The effectiveness of global trade could be increased by lowering transaction costs associated with international trade and finance by doing away with the need for currency conversio[Suspicious link removed]ices would be easier for businesses and customers to compare across national borders if they were all stated in the same currency, which would increase competition and transparency.A single currency could promote economic integration among nations, similar to the effects of a common currency within a single country, potentially leading to increased trade and economic cooperation.

However, it's important to note that while these benefits are theoretically appealing, the practical implementation of such a system would pose significant challenges . What do you think if try to implement one currency in the world ?

it’s impossible for a world to adopt one means of exchange also. thinking of the universe using one global currency will not be possible because,there will not be competition among nations in the betterment of the country and Crypto been cannot be disabled due to the decentralized system and which cannot be controlled,because if it would been Country,the US government would have find a way to drop it value or render it not useful now

[letteredhub]

Having a one world currency to be used for exchange of goods and services will be appealing if it's a decentralized currency which means it has to be under a decentralized government but which government will want to be decentralized thereby losing its legitimate use of force, control and regulatory authority. More importantly, which government of the world will want to submit their sovereign economic control to a global central authority? Which is why this in theory can be said to be fine but practically impossible. I admire the stand bitcoin has taken to be an alternative currency so even though it gains a global adoption it's practically an alternative to the centralized financial system of control.

[Cryptomultiplier]

It is impossible for the world to have just one currency because it is not just one government that is controlling the whole world,  with this one currency for the world won't be possible. If bitcoin was something so easy for the government to destroy, bitcoin won't have be existing till this time. The reason why we have bitcoin till this time is because it is decentralized and can't be manipulated by anyone. But I think if it was possible for the world to use one currency i don't think inflation will be very high.

Well, we can't just conclude that having one currency is a solution to the inflationary cases in many countries because other factors like trade policies and taxes might come into play.
Also is the fact that many countries have banned the use of BTC and it would be a long time before they catch up with the new policies, trends and initiatives being enacted till date.

Even with the BRICS currency being adopted by various countries, it still can't make all countries use a single currency. That's why several means of payments for transactions exist of which BTC is a currency that suits this need.

[kentrolla]

This sounds similar to the days when most of the trades used to happen based on gold during the old days but it's not possible by looking at the current situation as the government will never allow this and especially USA will lose it's credibility if this happens. As as as Bitcoin can be considered it can never be currency of any country but rather an alternative of the fiat to bypass any third party involved as this si the reason why Bitcoin was created and something which cannot be manipulated has to be the one world currency if this ever happens for example Gold can be a better option but this will lead to chaos.

[DaNNy001]

It is impossible for the world to have just one currency because it is not just one government that is controlling the whole world,  with this one currency for the world won't be possible. If bitcoin was something so easy for the government to destroy, bitcoin won't have be existing till this time. The reason why we have bitcoin till this time is because it is decentralized and can't be manipulated by anyone. But I think if it was possible for the world to use one currency i don't think inflation will be very high.

Well we all know that this is impossible but let's look at the ups and down if actually this did happen, well first of all, variations is what even makes the crypto space interesting because humans will always like to test out their power of choice and that's what keep the human race also active. If there was only one coins then manipulation and control will of it will be a thing of joy for the government. And also the price manipulation would be a lot easier and always in favor of the actual nation that has access to controlling this cryptocurrency.