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Author Topic: What will happen if we use a one currency only?  (Read 19056 times)
South Park
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June 23, 2017, 05:15:09 PM
 #321

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy
This is bad idea, just look what it is happening in the euro zone, countries have different economic realities, some need to increase the supply of money at different rates but since all of them use the same currency then they cannot do it, that is why countries like Greece are going to be indebted forever if they keep themselves on the euro.
I think if we rely on a single currency which will be totally decentralized and which will not have a single country are authority and as a national power of that currency then all of the countries of the world will feel fair in using that single currency.
The problem is this is impossible, many people in the world live with very low salaries, so they cannot pay internet or a smart phone, so they cannot use cryptocurrencies so they will have to rely on cash for that and the only entities at the moment emitting cash are central banks so I don’t see how that is a viable solution until technology becomes dirt cheap.



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June 23, 2017, 10:51:07 PM
 #322

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy
This is bad idea, just look what it is happening in the euro zone, countries have different economic realities, some need to increase the supply of money at different rates but since all of them use the same currency then they cannot do it, that is why countries like Greece are going to be indebted forever if they keep themselves on the euro.
When there will be a single currency for all the countries then I guess individual country should not have right to mint money alone. That must be the problem those European countries are facing.
I guess we are slowly moving toward the world of having one single currency. Even governments will not be doing this, people must be making this into reality in coming years.


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June 23, 2017, 11:28:47 PM
 #323

It will be a long road ahead, but when that happens society will achieve a level of freedom and progress never achieved before. But only if the currency maintains the properties that make it decentralized.
I agree with your point as if we will rely on only one coin then we will get more success in that one currency and then we will fully get all of the benefits from that one currency because almost all of the developers will also work for bitcoin currency.


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June 24, 2017, 12:56:26 AM
 #324

It will be a long road ahead, but when that happens society will achieve a level of freedom and progress never achieved before. But only if the currency maintains the properties that make it decentralized.
In that situation there would be a bunch of people trying to get Bitcoin while there won’t be enough Bitcoin to go around in Bitcoin Exchanges, that will cause the price of Bitcoin to increase so far it would be pretty sad to have it compared to the price that it is right now. We’ll see.

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South Park
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June 24, 2017, 08:06:08 PM
 #325

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy
This is bad idea, just look what it is happening in the euro zone, countries have different economic realities, some need to increase the supply of money at different rates but since all of them use the same currency then they cannot do it, that is why countries like Greece are going to be indebted forever if they keep themselves on the euro.
When there will be a single currency for all the countries then I guess individual country should not have right to mint money alone. That must be the problem those European countries are facing.
I guess we are slowly moving toward the world of having one single currency. Even governments will not be doing this, people must be making this into reality in coming years.
Governments are going to fight to the end if you think they are going to give their right to print their own currencies, governments are very dependent on being able to print their own currencies for all kind of stuff, if they want to do something without adding a tax that will be unpopular then they will just print the money and get away with.



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HAS BEEN RELEASED!


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June 24, 2017, 09:36:33 PM
 #326

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy
If the usage of one currency for the global currency will occur, it will be a good help because we will only use one currency so there would be no more confusion. But, for that thing to happen, it might be impossible. Because if it will happen, other countries will think that the one who created that currency will be the most powerful country that will be on top of every nation. That will be a great chaos because in our time, each and everyone wants to be on top of each other and no one wants to be just a follower. That is the evidence of being globally competitive. Also, the government lies on their tradition, belief, and the majority decision of their people before implementing such thing. So, the possibility of using one currency for the world is somewhat really impossible right now.


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June 24, 2017, 10:00:39 PM
 #327

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy
If the usage of one currency for the global currency will occur, it will be a good help because we will only use one currency so there would be no more confusion. But, for that thing to happen, it might be impossible. Because if it will happen, other countries will think that the one who created that currency will be the most powerful country that will be on top of every nation. That will be a great chaos because in our time, each and everyone wants to be on top of each other and no one wants to be just a follower. That is the evidence of being globally competitive. Also, the government lies on their tradition, belief, and the majority decision of their people before implementing such thing. So, the possibility of using one currency for the world is somewhat really impossible right now.
Having a single, global currency, while allowing for everyone to avoid having to deal with exchange rates, it also forces people to be subject to whatever kind of inflation system that they apply on the currency, and a lot of countries would need to print their own money, of that one currency, to continue with most governmental functions. You would need to have a single global government for something like that to work, and that's a really bad idea for its own set of reasons. There is no real need to have a single currency, not worth going through the hassle to implement something like that.
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June 24, 2017, 10:01:44 PM
 #328

Globalization is coming. I think one currency and maybe even one language is the future of humanity. Today we have no idea how will it work and will it work at all, but I'm sure it will happen.
Yes I also think so.

If the currency is only one then there is no longer the name of the country.

And certainly no poor and rich country.
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June 24, 2017, 11:32:44 PM
 #329

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy
If thats the case, there will be no poorer in each country everybody will become prosper and I think there will going to have one accord to all countries in the entire world.




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June 25, 2017, 01:38:45 AM
 #330

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy
If thats the case, there will be no poorer in each country everybody will become prosper and I think there will going to have one accord to all countries in the entire world.

For sure they will become successful because all people with have unity will have a huge positive effect in the world because if there is unity then it means people will help each other to improve their self and there is no one will get left behind for this movement but if we will based on reality then it is very impossible for the people in the world to use one currency only.

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June 25, 2017, 02:43:17 AM
 #331

If we use only one currency then we can say that every country have the same level of economy. I think we have different currency because the value of every country's currency will show their level of economy.


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June 25, 2017, 03:16:58 PM
 #332

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy
In my own opinion if we have only one currency we will have no any problem to change our money into other countries money. But this thread has an interesting and good question i only see one situation to answer this question. And that is the growth of a economy of a country.



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June 25, 2017, 05:41:28 PM
 #333

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy
In my own opinion if we have only one currency we will have no any problem to change our money into other countries money. But this thread has an interesting and good question i only see one situation to answer this question. And that is the growth of a economy of a country.
In the past when currencies were backed by gold this was not a problem either if a currency was backed by certain oz of gold and another for a different number of oz then the exchange rate will be the difference of the oz of gold among the currencies that is why there was no speculation about the price of the currencies like what we have right now.



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June 25, 2017, 05:59:03 PM
 #334

This is something that European union has tried and partialy successeded, to use one currency for all member states. And still there are problems so I don't think it's possible for entire world to use only one currency. Many countries consider currency as part of their sovereignity and something that economy is dependent on so it's hard to abandone that.

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June 27, 2017, 07:54:05 PM
 #335

It will be a long road ahead, but when that happens society will achieve a level of freedom and progress never achieved before. But only if the currency maintains the properties that make it decentralized.
I agree with your point as if we will rely on only one coin then we will get more success in that one currency and then we will fully get all of the benefits from that one currency because almost all of the developers will also work for bitcoin currency.
Now a day developers are getting payment from there customers in bitcoins many people are now aware about bitcoins because the level of Bitcoin right now in these days.1 BTC can change your life.1 Risk can make you billionaire.

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June 27, 2017, 09:14:27 PM
 #336

[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion. Cheesy
If that happens it will really sure that most of the bitcoin holders will become rich at once.
And I think where going have one unity in the entire world also.

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June 27, 2017, 09:38:22 PM
 #337

This is something that European union has tried and partialy successeded, to use one currency for all member states. And still there are problems so I don't think it's possible for entire world to use only one currency. Many countries consider currency as part of their sovereignity and something that economy is dependent on so it's hard to abandone that.
The experiment of the euro has been a completely failure in my opinion, they tried to impose a single currency to different nations with different needs and we are seeing the consequences of that terrible mistake, I would not like to live in a country in which politicians are risking the future of the people in order to try to make an experiment work.



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June 27, 2017, 09:46:35 PM
 #338

This is something that European union has tried and partialy successeded, to use one currency for all member states. And still there are problems so I don't think it's possible for entire world to use only one currency. Many countries consider currency as part of their sovereignity and something that economy is dependent on so it's hard to abandone that.
The experiment of the euro has been a completely failure in my opinion, they tried to impose a single currency to different nations with different needs and we are seeing the consequences of that terrible mistake, I would not like to live in a country in which politicians are risking the future of the people in order to try to make an experiment work.

Consequences such as....? The Euro has made doing business and banking across borders much easier. Traveling has become much more comfortable without having to exchange money all the time. I don't want to think about how complicated buying Bitcoin would have been without the Euro.

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June 28, 2017, 12:11:36 AM
 #339

This is something that European union has tried and partialy successeded, to use one currency for all member states. And still there are problems so I don't think it's possible for entire world to use only one currency. Many countries consider currency as part of their sovereignity and something that economy is dependent on so it's hard to abandone that.
The experiment of the euro has been a completely failure in my opinion, they tried to impose a single currency to different nations with different needs and we are seeing the consequences of that terrible mistake, I would not like to live in a country in which politicians are risking the future of the people in order to try to make an experiment work.

Consequences such as....? The Euro has made doing business and banking across borders much easier. Traveling has become much more comfortable without having to exchange money all the time. I don't want to think about how complicated buying Bitcoin would have been without the Euro.

There might be a shortage in supply , yet it will be much easier to travel plus to have more access in different activities worldwide. Though chance that it will be impossible to implemented since tgere are a lot of countries that are not in good terms to be able to happen this there must be a leader that everyone listened too.


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clickerz
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June 28, 2017, 12:18:53 AM
 #340

If we have only one currency, all transactions, prices around the world would be standard and at same level. We are all equal in all dealings. But I hope it would be distributed equally among nations, if not other places will suffer for the scarcity of money.Its easy to go from place to another with hassle of currency exchanges.


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   The Exchange for the EOS Community!   

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ICO: 15th October to 20th November


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