What will happen if we use a one currency only?

[jossiel]

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.

I don't think those exchange business will lost income because of that adjustment they will just going to think of some other ways that their business will keep on running.

And they will make some changes and upgrades if it happened, maybe they are already thinking about this possibility if this happens.

Or else they don't believe or think that this is possible to happen.

[dihari]

I think it will be dangerous. Because it's easy to manipulate and monopolize by the "invisible hand" to make some countries get stronger or down.
Just remember how USA can make an affect to another countries with their economic policy.

[xIIImaL]

I think it will be dangerous. Because it's easy to manipulate and monopolize by the "invisible hand" to make some countries get stronger or down.
Just remember how USA can make an affect to another countries with their economic policy.

Yeah, if that happen. It will lead to economical imbalance in each and every country. Digital currency or fiat, we need multiple currencies for every country to categorise the country's power, wealth and economical status.

[Bitcoin0916]

I think it will be dangerous. Because it's easy to manipulate and monopolize by the "invisible hand" to make some countries get stronger or down.
Just remember how USA can make an affect to another countries with their economic policy.

Yeah, if that happen. It will lead to economical imbalance in each and every country. Digital currency or fiat, we need multiple currencies for every country to categorise the country's power, wealth and economical status.

Yes correct, certainly a strong country will dominate a weak country, it is certainly could pose a major problem. Poor countries will be increasingly rising, and could easily destroyed because of speculation. Let us use a lot of currency, I think that including the local policy.

[romero121]

I think it will be dangerous. Because it's easy to manipulate and monopolize by the "invisible hand" to make some countries get stronger or down.
Just remember how USA can make an affect to another countries with their economic policy.

Yeah, if that happen. It will lead to economical imbalance in each and every country. Digital currency or fiat, we need multiple currencies for every country to categorise the country's power, wealth and economical status.

As quoted single currency makes a worse situation among the small countries which were already into economic fall. Always better for the grown countries and when it comes to growing country only very few overcome those issues and remain gets suffered in the middle.

[noictib]

I think it will be dangerous. Because it's easy to manipulate and monopolize by the "invisible hand" to make some countries get stronger or down.
Just remember how USA can make an affect to another countries with their economic policy.

Yeah, if that happen. It will lead to economical imbalance in each and every country. Digital currency or fiat, we need multiple currencies for every country to categorise the country's power, wealth and economical status.

As quoted single currency makes a worse situation among the small countries which were already into economic fall. Always better for the grown countries and when it comes to growing country only very few overcome those issues and remain gets suffered in the middle.

Yeah , this will results into the lack of services in Bitcoin and other cryptocurrency world and that will be results into lack of Bitcoin job and earning source . And also there will be another thins like trading which is own business , will not remain exist in the Bitcoin world .

[crygirl-1]

1.This must be possible only after the Third World War. Without a unified political system there would be no unified currency. Money is a country's credit guarantee, so must have the support of the military, there is no strong military force, you can not even the internationalization of domestic currency.
2.Exchange rate behind the existence of a return on capital, if the return on capital is the same, there is no difference, no longer necessary capital flows, exchange rates disappear, the world datong.

[CyberKuro]

If that will happen a lot of people will be fucked.

Let's pretend for a second that this is happening.

The biggest and powerful country will want to have the lead.

By the lead I mean she will try to approximate the value of the coin we all use.

1.00000000 coin everyone use is 100 USD.

One person who is working in the country I mentioned get a paycheck of 50.00000000 coins

One person who is working in the weakest country on the same position will get 5.00000000 coins

And now comes the best part.

prices for bread in the fist country 0.00500000 coins

and guess what the price will be for bread in the weakest country? 0.00520000 coins

This scenario is inspired by real life salary and prices, the only difference is that everyone will know it for sure as a lot of people are not good at conversions and if they are they don't care about prices in other countries.

Why a lot of people will be f*cked? I didn't see the point, just thinking about the positive possibility.
One currency for the whole world in every corner of the country, it would be great situation and we should have strong stable currency.
Nobody need to convert the money, it spendable wherever you go.
But, the currency need to decentralized so there is no any country control or posses it, equal before the 'money'

[X-ray]

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.

Those exchangers could make a service to exchange real fiat money to digital account balance such as perfect money, paypal , or similiar. the exchanging business is not going to be closed, there many thing in this world that can be exchanged by fiat and not only to another currency but also digital balance which not everyone have

[Botnake]

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.

Those exchangers could make a service to exchange real fiat money to digital account balance such as perfect money, paypal , or similiar. the exchanging business is not going to be closed, there many thing in this world that can be exchanged by fiat and not only to another currency but also digital balance which not everyone have

I guess we are talking of one currency only and that would mean that we are only using one and no exchanging that is going to happen base on my opinion. Though this could not be possible because every nation has it's government and they want to patronize what they have, we are still rooting for it to make it happen and we hope bitcoin will rule.

[NEWGOODOUBLE]

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.

there would be a positive and negative thing when this happens, but I think there will be a lot more negative effects that will be caused. think about the positive effects that are generated when using one currency only maybe you do not need to do the conversion again, but there are a lot of negativ effects that can not be mentioned when this happens

[burner2014]

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.

there would be a positive and negative thing when this happens, but I think there will be a lot more negative effects that will be caused. think about the positive effects that are generated when using one currency only maybe you do not need to do the conversion again, but there are a lot of negativ effects that can not be mentioned when this happens

One of its negative side would be the value of the currency would be highly undermined in terms of the performance of those economies which are struggling hard to maintain their status, and each countries will lose their right of deciding their own monetary policy because they'll just follow the one central bank policy.

[jackydm168]

Good currency, this simple truth of course. Economics layman can see. Reduce transaction costs, reduce exchange rate volatility risk, promote trade, increase competition...... Wait。
But even without taking into account the political viability of the same currency will also have a cost, which is not everyone can recognize the. A unified currency led to the independence of a country out of the exchange rate and monetary policy in fact, most of the time after the establishment in the euro zone, capital is from Germany and other European core region, to Greece, Spain and other relatively underdeveloped regions of flow.

[STT]

If you know recent history then you know we the people of most modern world countries had one currency system shared as late as 1970.    After Nixon the world lost a common link to gold via the dollar and so we have all varied in our currencies and floated various exchange rates and politics since then.

I guess its not recognised the world currency was gold till at least the lifetime of your parents if not your own.  The Swiss used gold still till a decade or so ago.   What will happen is what already happened in 1970 and prior

https://en.wikipedia.org/wiki/Bretton_Woods_system

[sportis]

The question of OP is like he asks what will be done if there is only one government and only a state around the world. Countries all over the world want to dominate in earth.  I believe that knowing what is happening globally this is a situation maybe never happened and I see it as utopia.

[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.

Many other currencies invented by local elites. If they would use same currencie as whole world - they lose control over their country populace(slaves). Elites control money emission and always can make more money for themselves. Their currencies solve only problem of small community of people who controls authority.

The currencies are not going to be reduced but they are going to be multiplied every year and this year I think was the year of altcoins with their ico and other strategies and saying the truth it was successful and we can't expect only one currency/coin to be used by all.

[kaixinfaa]

Many of the causes of unrest in the world today are the result of unbalanced economic and social development
If monetary unity is reached, the imbalance can be solved to a certain extent.
I think it is conducive to social progress
But many liberals will stand up against it.

[NEWGOODOUBLE]

Many of the causes of unrest in the world today are the result of unbalanced economic and social development
If monetary unity is reached, the imbalance can be solved to a certain extent.
I think it is conducive to social progress
But many liberals will stand up against it.

I do not know about the economy too much detail, but only use one currency only course that would undermine the diversity of the earth, if all countries have the same currency, why they did not make a single country in the world?

[Shady]

Many countries rely on fiat to establish grounds between one another. Although US Dollar is used as standard rate in many second and third world nations it doesn't take over the exclusiveness of any country except America (it's originator.) Although cryptocurrencies remain prominent digitally, the demand is too large for what is offered by them. No matter how big BTC + altcoins are they serve as secondary currencies instead due to the creativity in its economy plus because of the reliance it has on fiat exchange. Despite cryptocurrencies having a developed economy on their own they lack a dominant structure or party to control it.

[JengoFF_n0]

Quite possible. Only the difference in the standard of living in different countries prevents the introduction of a full-fledged single currency. The economic situation in some countries may suffer greatly. The world government has other plans for the account of finance.