What will happen if we use a one currency only?

[pnuts2012]

I think thats an bad idea you then limit our cryptocurrency and thATS iNSANE!! ONLY MY OPINION. Peace love crypto.

[MMA]

If we use one currency then it means we have one world government or we have not government at all. Then we will have single standards for all. More unification, more efficiency, more transparency - keys to common wealth.
But also every person should have to have opportunity to issue his own assets for exchange.

There are many countries that use the same currency, it doesn't mean that every country has it own currency but there are lots of them that use the same currency and for some of them is good for some not that's why are invented many other currencies, to fits their needs and people earning from trading.

and what is the same currency that people are using. i think bitcoin is the only option with them as bitcoin is more stable reliable and trusted currency ans is also almost present everywhere in the world. therefore to me i think bitcoin will be the best option for them.

[n691309]

If we use one currency then it means we have one world government or we have not government at all. Then we will have single standards for all. More unification, more efficiency, more transparency - keys to common wealth.
But also every person should have to have opportunity to issue his own assets for exchange.

There are many countries that use the same currency, it doesn't mean that every country has it own currency but there are lots of them that use the same currency and for some of them is good for some not that's why are invented many other currencies, to fits their needs and people earning from trading.

and what is the same currency that people are using. i think bitcoin is the only option with them as bitcoin is more stable reliable and trusted currency ans is also almost present everywhere in the world. therefore to me i think bitcoin will be the best option for them.

There aren't much people like you who thing the same, if someone hears about bitcoin they would call it scam, used by criminals etc etc. So it is not known as a good thing! I don't think that bitcoin is the most stable reliable and trusted currency because the price can be manipulated easily.

[Huge Black Woman]

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion.

I think if there would be only one currency being used by all nations, the world would be borderless. In the sense that there would be no limitation from one country to another. Goods and services can be bought without any conversion of money. Imagine that? We could pay imported goods without wondering what could be it's equivalent amount in our country if sold. And if ever this thing is possible, i think the value of imported goods doesn't matter anymore.

Hail yeah, that the good thing 'bout crypto.  Ya close up the borders an' bring folks together.  I ain't got no problem wit that at tall, I thank it's a damn good thing.  But you just watch them governments try an throw a monkey wrench inta the sucka'.  They'll be screwing everything up in no time.

[nanay777]

A unified currency backed by a unified political power is no way to stabilize it. If you want to have any attributes, then I'm afraid it is datong.
The world is very complex, not only economic activities, human society as well as political, military, cultural, religious...... And so many activities, and different, not all human society problems can be reduced to economic problems. From a purely economic point of view, perhaps a single currency has many benefits, but from the perspective of human society, the single currency is a disaster.

[DrGuns4Hands]

it will turndown our economy. we need different currency for us to have a trading on our market we are importing and exporting product to keep the economy cycle remember that without economy theres no improvement that happen in our society thats why we need different currency and usd is the primary currency all over the world.

[bajing]

It could happen but there are also disadvantages when it happened, rather the presence of crypto currency has been under government control.

[maydna]

It could happen but there are also disadvantages when it happened, rather the presence of crypto currency has been under government control.

yep its could happen but not for right now, i think bitcoin can be one currency as bitcoin can make united all people in every country. but if this is happen, then the government should not interfere with bitcoin and blockchain technology and they should understand with this so government will stay under radar to watching the bitcoin growth with adopting by many people.

[iamTom123]

Then we can have a global problem as what is happening right now with Euro. Euro was supposed to unify the economies of Europe into one single market but right now they are on chaos after they decided to have one currency. Just use Google for the factors why. They are now always on the news as some economies are showing some cracks from time to time.

[deisik]

A unified currency backed by a unified political power is no way to stabilize it. If you want to have any attributes, then I'm afraid it is datong.
The world is very complex, not only economic activities, human society as well as political, military, cultural, religious...... And so many activities, and different, not all human society problems can be reduced to economic problems. From a purely economic point of view, perhaps a single currency has many benefits, but from the perspective of human society, the single currency is a disaster.

Could you expand more on this?

Not that I'm disagreeing totally with you on this particular point, I just want to hear your substantiated opinion on it. I have no doubts that single currency would be a better option economically, but I don't quite see the logic behind claiming that such a currency per se should necessarily be a disaster for human society (or just bad for it). Personally, I can't come up with anything which could justify this point of view (apart from issues not directly stemming from currency existence as such), but maybe I'm just missing something in the bigger picture

[Mr.grin]

I think the currency will have a cheap price. but, it probably will facilitate the transaction process worldwide. everyone could buy goods at low prices. but, it may be difficult, because each country has its own language, economic systems, and different resources, so, should more than one type of currency used.

[Mastsetad]

I think the currency will have a cheap price. but, it probably will facilitate the transaction process worldwide. everyone could buy goods at low prices. but, it may be difficult, because each country has its own language, economic systems, and different resources, so, should more than one type of currency used.

Exactly, people from different countries having different languages and resources would probably not like using the same currency used all over the world, maybe most of the people in the world wont agree on this, no matter what we think but we cannot forget that the amount of people outside the world of crypto are way greater than us.

[deadpoolx]

it will turndown our economy. we need different currency for us to have a trading on our market we are importing and exporting product to keep the economy cycle remember that without economy theres no improvement that happen in our society thats why we need different currency and usd is the primary currency all over the world.

The problem is that in the case of fiat currency, this would lead to centralization, as there would be governments that would try to dominate the currency, making financial decisions that would only favor their countries. In the case of a decentralized crypto, it might work. The main obstacle would be to convince the population about the importance of this, clarifying why this currency would be better than fiat currency.

[deisik]

I think the currency will have a cheap price. but, it probably will facilitate the transaction process worldwide. everyone could buy goods at low prices. but, it may be difficult, because each country has its own language, economic systems, and different resources, so, should more than one type of currency used.

Exactly, people from different countries having different languages and resources would probably not like using the same currency used all over the world, maybe most of the people in the world wont agree on this, no matter what we think but we cannot forget that the amount of people outside the world of crypto are way greater than us.

When money talks, no one cares what kind of grammar it uses

If the one world currency is not forced by some rogue government (I daresay that all governments are rogue to a degree) but established in free competition, I think the majority of people will be happy to use it, since it will be the best that they have seen so far. Indeed, you will always a group of people who would disagree to anything, just for the sake of disagreeing as such, but, as to me, it would be perfectly legitimate and rightful to disagree with their disagreement as well ("when in Rome, do as the Romans do")

[lol3c]

I think the currency will have a cheap price. but, it probably will facilitate the transaction process worldwide. everyone could buy goods at low prices. but, it may be difficult, because each country has its own language, economic systems, and different resources, so, should more than one type of currency used.

Exactly, people from different countries having different languages and resources would probably not like using the same currency used all over the world, maybe most of the people in the world wont agree on this, no matter what we think but we cannot forget that the amount of people outside the world of crypto are way greater than us.

I disapprove this opinion. If there is only one currency, people will be able to communicate easier to each other even if they does not have the same language. As you can see, we are sitting here, discussing about Bitcoin and we come from many different countries. The world will be better if all of us accept to use only one currency

[Pwerd]

well if we all down to using one currency well it will be good there will be easy transactions any were you go but in that case it also has it own disadvantage cause there will be no room for currency trading again so the means of getting money will be very difficult it will be only for the few to get money.

I honestly think it will not be good for the world due to the fact it will for some countries destroy their wealth and also their whole economy, it would not be smart at all.

[Kevin77]

If the whole world uses one currency than all country will be equal, the economy is controlled by who owns the international currency in this case the united states , if we all use international currency than the smaller and poorer countries people won't have to pay a lot of taxes .

One currency will lead to one government for entire world. Maybe bitcoin may pave the path for that.

[olubams]

If the whole world uses one currency than all country will be equal, the economy is controlled by who owns the international currency in this case the united states , if we all use international currency than the smaller and poorer countries people won't have to pay a lot of taxes .

One currency will lead to one government for entire world. Maybe bitcoin may pave the path for that.

I see that happening but not close to soon though because its a gradual process,we have a language that is dominating other languages gradually, then finacial systems are synchronising transactions, we have accounting standards that is applicable across countries among other things. It wont be far before we get to a currency that will be adopted and Bitcoin might provide that since its not started by a particular country to the best of my understand for world leaders to be clouded by ego...

[crwth]

If the whole world uses one currency than all country will be equal, the economy is controlled by who owns the international currency in this case the united states , if we all use international currency than the smaller and poorer countries people won't have to pay a lot of taxes .

One currency will lead to one government for entire world. Maybe bitcoin may pave the path for that.

I don't think the world is ready for Bitcoin yet. There are a lot of places where they banned Bitcoin. I believe they are closed minded about it and just doesn't want to adapt to the new age. I hope it comes to that in the future. I just hope that Bitcoin would be a currency that would be used by everyone.

[drakker]

If there will be a global currency the first who will be affected by this are the people who have an exchange business. They will lost their income and jobs if this will happen. But for me I think it is favoeable because you don't need to exchange it when you go to different countries.