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Question: What will be our new world currency? (see image below)  (Voting closed: October 30, 2015, 08:54:50 PM)
US Dollar for another 30+ years - 17 (38.6%)
China yuan - 4 (9.1%)
Russia ruble - 1 (2.3%)
Zimbabwe dollar - 2 (4.5%)
Bitcoin - 18 (40.9%)
Litecoin - 0 (0%)
Gold - 1 (2.3%)
Silver - 1 (2.3%)
Euro - 0 (0%)
Total Voters: 44

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Author Topic: What will be our new world currency?  (Read 18025 times)
ImHash
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March 09, 2017, 11:09:36 PM
 #341

What is new world currency? is it something new or magical? in a world where there are many different opinions having one worldwide currency is a dream, so please stop dreaming and wake up to the truth.
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March 10, 2017, 03:16:52 AM
 #342

There's a reason why there are different currencies in different countries. Some people want to use their own money instead of depending on what others have. Countries also want to have value that's why I think there are different currencies in this world. Hopefully bitcoin would be known also.

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March 10, 2017, 06:01:06 AM
 #343

What is new world currency? is it something new or magical? in a world where there are many different opinions having one worldwide currency is a dream, so please stop dreaming and wake up to the truth.
to me i think bitcoin is the new world currency, as it is  the single currency which is present in all over the world and having same value. although currently the use of bitcoin is not to much, as most of the people of the world are still unaware about bitcoin therefore it will take a lot of time when all the people of the world will start using bitcoin but still we are hoping that bitcoin will be the world number one currency.
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March 10, 2017, 06:22:07 AM
 #344

US Dollars will remain global currency in coming years as well. There is no chance of any country allowing digital cryptocurrency to become global currency.
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March 10, 2017, 06:31:25 AM
 #345

I experience sending bitcoin it took to long to sent or receive in other wallet that can honestly thinking you to choose other payment method like paypal or other ways or payment processor.. because this is happening many times right now every time the price is increasing. this is an old issue but until now they are still not solve this issue..

Well, if you don't mind paying ridiculous fees or getting some of your money disputed by some guy you transacted in the past, then go ahead and use Paypal. Bitcoin is much better than most payment processor because its transaction fee is a lot less. Unfortunately, since we're starting to gain popularity today, the confirmation time might be a little bit longer and the transaction fee is higher than before.

Personally, I'd still choose bitcoin even though there are times when the transaction time takes long. It might not be an instant, but it's still fast compared to traditional payment methods.

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NEWGOODOUBLE
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March 10, 2017, 06:39:20 AM
 #346

What is new world currency? is it something new or magical? in a world where there are many different opinions having one worldwide currency is a dream, so please stop dreaming and wake up to the truth.
I think every country will have their own currency the same as it is today but certainly there is a currency used for international transactions perhaps it is the dollar
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March 10, 2017, 11:15:24 AM
 #347

What is new world currency? is it something new or magical? in a world where there are many different opinions having one worldwide currency is a dream, so please stop dreaming and wake up to the truth.
I think every country will have their own currency the same as it is today but certainly there is a currency used for international transactions perhaps it is the dollar
I don't think so. It would still be fiat though i doubt that there will be a singlr eorld currency that will be used by all countries. Every country would want its own identity and one of those things would be the currency they use. Can you imagine china or russia adopting the dillar as their main currency? Impossible

 
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March 12, 2017, 12:31:35 AM
 #348

I don't think this will happen. I mean the world may become united but having a uniform currency might not happen. There are still certain standards that may not appeal to other countries. I personally think that it's still best for countries to have each individual currency.  
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March 12, 2017, 01:00:55 AM
 #349

What is new world currency? is it something new or magical? in a world where there are many different opinions having one worldwide currency is a dream, so please stop dreaming and wake up to the truth.
I think every country will have their own currency the same as it is today but certainly there is a currency used for international transactions perhaps it is the dollar
I don't think so. It would still be fiat though i doubt that there will be a singlr eorld currency that will be used by all countries. Every country would want its own identity and one of those things would be the currency they use. Can you imagine china or russia adopting the dillar as their main currency? Impossible
Yeah ,Even bitcoins will not replace the fiat money as widely use to buy things ,foods etc. We have different kinds of currency in our world every country and it is the base of our conversion particularly US Dollar . Gold or Silver can't be a medium of exchange as a currency ,in short not all things can be applicable even it have the biggest contribution .It will be only secondary or alternative money.
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March 12, 2017, 01:08:27 AM
 #350

Well, since the gold standard is the beginning stage of currency development I will have to go with that. It just makes logical sense that it will remain.

But hey, maybe one day a country will start with the bitcoin standard!

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March 12, 2017, 11:14:18 AM
 #351

Well, since the gold standard is the beginning stage of currency development I will have to go with that. It just makes logical sense that it will remain.

But hey, maybe one day a country will start with the bitcoin standard!

No, it doesn't. And the proof for that is that we have changed from gold standard to fiat. Fiat was backed by gold back then but it came to the point that it isn't anymore. The whole has become fake. Its value is not real at all, we are the only ones that give value to it. Anyone that has learned the past of the fiat currency knows this.

We didn't stick to gold simply because it's a lot of work when having gold with you all the time. Imagine having kilos of gold bars with you. Now, we have debit cards that can have millions in it.

The gold is the old world's currency. Only way that we'll go back to that point is when there's a war that vanished all of the technological research that we made.

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March 12, 2017, 11:32:55 AM
 #352

I think that the 3 top currencies will be US $, Euro and Bitcoin, as prevalent in digital world.
With its volatility bitcoin will never be a currency, bitcoin will just stay as a digital currency and a asset.

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March 12, 2017, 12:07:07 PM
 #353

I think that the 3 top currencies will be US $, Euro and Bitcoin, as prevalent in digital world.
With its volatility bitcoin will never be a currency, bitcoin will just stay as a digital currency and a asset.

Dude what? What's the correlation of bitcoin's volatility to it being a currency? Bitcoin is already a currency. You even said it yourself. Bitcoin is a digital currency. Perhaps you were talking about a currency as in fiat currency? Well, it's never going to be like that unless bitcoin users spend millions of money to print out paper wallets with a certain amount of money in the wallet in it. It's not worth doing that, and the volatility is not behind this.

The essence of bitcoin is to send money to people that aren't physically near you. I doubt that using paper wallets in bitcoin transactions will ever be a trend.

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virasog
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March 12, 2017, 04:38:09 PM
 #354

What is new world currency? is it something new or magical? in a world where there are many different opinions having one worldwide currency is a dream, so please stop dreaming and wake up to the truth.

Yeah ,to think that having one currency world wide is hard to happen yet the possibility is there because if the government unites for sure
it will be implemented and things will be more easier

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hisuka
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March 12, 2017, 05:02:01 PM
 #355

US Dollars will remain global currency in coming years as well. There is no chance of any country allowing digital cryptocurrency to become global currency.


I agree with you, were the same opinion. Us dollar with still remain as the world currency. I think they will not allow the government rather that cryptocurrency will be as the new world currency. Because of its decentralization and its difficulty to use or to adopt by other people. And, there are many issues to be solved before it will happen.
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March 12, 2017, 05:08:24 PM
 #356

I think that the dollar will remain a glavan currency in the coming years. He is very stable and strong and there is no reason to think that he will lose leadership
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March 13, 2017, 04:35:01 AM
Last edit: March 13, 2017, 04:42:14 PM by deisik
 #357

I think that the 3 top currencies will be US $, Euro and Bitcoin, as prevalent in digital world.
With its volatility bitcoin will never be a currency, bitcoin will just stay as a digital currency and a asset.

Dude what? What's the correlation of bitcoin's volatility to it being a currency? Bitcoin is already a currency. You even said it yourself. Bitcoin is a digital currency. Perhaps you were talking about a currency as in fiat currency? Well, it's never going to be like that unless bitcoin users spend millions of money to print out paper wallets with a certain amount of money in the wallet in it. It's not worth doing that, and the volatility is not behind this.

The essence of bitcoin is to send money to people that aren't physically near you. I doubt that using paper wallets in bitcoin transactions will ever be a trend

This is not the essence of Bitcoin

Though this is how you realize the true essence of it (among many other ways). We all seem to agree that Bitcoin is or should be used as a currency, but true essence of a currency is what makes it a currency, and this comes down to using it as a unit of account. All other functions of a currency are basically derivatives of this major function. Sending bitcoins from one individual (company) to another is just an external manifestation of one of these derivative functions (in this case, transferring value). But you can as well send mail, but that alone doesn't make your correspondence into a currency

dingmei1
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March 13, 2017, 05:26:30 AM
 #358

For the time being, it's going to be the dollar.Bitcoin is a bit too niche to be the currency of the world. However, the future currency of the world will probably be an online one similar to bitcoin, because more and more people are just using cards and not physical dollars anyway. 
 I hope in next 5 years bitcoin can be new world currency, especially in my country.
lordquanta
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March 13, 2017, 08:42:43 AM
 #359

For the time being, it's going to be the dollar.Bitcoin is a bit too niche to be the currency of the world. However, the future currency of the world will probably be an online one similar to bitcoin, because more and more people are just using cards and not physical dollars anyway. 
 I hope in next 5 years bitcoin can be new world currency, especially in my country.
US Dollar will remain the world currency until any other country manages to do so. This scenario is difficult to manifest in near future. USA will do all necessary thing to keep that power with them. Bitcoin has very low chance of winning the race here.
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March 13, 2017, 08:49:51 AM
 #360

I think that the dollar will remain a glavan currency in the coming years. He is very stable and strong and there is no reason to think that he will lose leadership
for America is still the center of the world economy the dollar will continue to become an international currency in the world. but to begin to use bitcoin see many people in the world maybe it would be a competitor for dollar for sure
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