What will happen if we use a one currency only?

[deisik]

That can bring peace to our world but with ambiguous questions still on that whether countries are really in the position to implement that change. Just imagine people of different nation are still fighting for the lands in other countries because the want to grow their economy and land area to adopt more part in their country. This is to show the gratefulness of each country and national respect. With money that might just get equalised because it doesn't matter where you go in the world everyone will pay same amount of money for water, land, shelter, travel etc. That would be just great if it happens. Everyone can travel happily nationwide because they know they don't have to spend more which would have been more if they were having currency difference of three to four figures in current local currency. That will just change the way we live

Honestly, you are sort of wet-dreaming

It is not people that fight for the land of other nations, it is rulers and governments which are doing that. Right now it doesn't happen at a large scale but not because governments became less belligerent. Quite the contrary, they are in fact even more belligerent than ever but nowadays directly seizing the land of some other country with military force is simply counterproductive (Saddam Hussein will tell you). Today, it is more about economic expansion and slavery. You could think of that as the state-of-the-art form of imperialism which didn't vanish but became only less pronounced

[BUK2016]

Well to me using the same currency doesn't mean the said currency is been value the same way by different countries of the World. Example is the current global currency Bitcoin, which the value in Dollar varies in different part of the world.   

[batang_bitcoin]

It's a conspiracy that all the countries will be having a one world currency and I guess that is bitcoin. I'm not so sure with that guess of mine, I've just read something about it and I'm not good with those things. Well if that happens all transactions will be easier and we can wherever we want as there will be one currency, no need to exchange.

Of course this will provide variety of convenience to everyone in doing business in various countries because with one currency can perform various financial transactions, but for the realization i also have the same views with you it seems that it will take time for legalization bitcoin as the international currency

The convenience is real and transactions will be on an instant way like there's no need for so much waiting time when we are about to do bank wire transfer. And with bitcoin, we can just wait for a while for the confirmation. For the legalization of bitcoin, it's already on its way. Other countries did made bitcoin legal and safe to use.

[Shamie1002]

I think that currency is valued more because it is the currency in general. There will be no converting fiat to other fiat. Transactions will run faster. And I think the discrimination by nation will be less. Because of equality in the first image. It will only differ in about but still one face of currency.

[mvillar]

The central bank, core developers,... you name it, of that currency would have too much power, It would be a matter of time that new forms of currencies would be created IMHO.

[Rinder]

Europe has made those, and well nothing has changed at all, soo a worldwide currencie would be the same, but too much centralization wont be healthy and good to all countries, since each countrie does have their costs, and their fees, aplying same model to all will lead to colapse sooner or later.

[crwth]

Looking at the greater perspective on it, it's impossible to have that one global currency, but if you are just thinking in fictional, there would be a difference. One thing that could happen is that there would be no more trading of different currencies, so no more exchanges meaning no more profit from fees, etc. It's okay to think about like everyone will accept that currency but it won't happen because there are a lot of people who don't know English and hard to communicate with.

[Sled]

Looking at the greater perspective on it, it's impossible to have that one global currency, but if you are just thinking in fictional, there would be a difference. One thing that could happen is that there would be no more trading of different currencies, so no more exchanges meaning no more profit from fees, etc. It's okay to think about like everyone will accept that currency but it won't happen because there are a lot of people who don't know English and hard to communicate with.

I agree to that. That is the main reason why we don't have one currency only because there is a barrier and that is the language of the particular country, if we are able to talk in english language then it is easy to have one global currency but if no then that is a huge problem because communication is the main thing in the world to make changes.

[freebutcaged]

It has already happened mate, it didn't cause any war and it certainly didn't cause any peace, Bitcoin is the new world one currency if it wasn't they

Wouldn't be supporting it ever since the genesis block. do you really think Satoshi was just a man with a groundbreaking invention and just mined by

Himself for a while and then stopped mining? actually they never stopped mining and right now they have the majority of the coins and will rule us in

The near future.

[lecongnhan123]

If the world has a common coin, it sounded interesting. Will not not have inflation, terrorism, war, but who will be the Executive producer of that type of money?
For example the Bitcoin, Chinese tycoons large reserve number BTC and BTC is born in China. You see good not when China hosts the games and BTC as the market now? (Rate $4800 Down 4000 $/BTC)

[@prashant]

first of all it is not going to happen,if some of countries take initiative then mostly all of traders are going to bankrupt and not only that global business trading will decline to a greater extent.it will be good we someone make a stable price digital currency using cryptography to enhance trading amongst different business man but it can be possible in digital only not fiat.

[zeze18]

it seems that it is not possible, because of course there will be no trading, either in forex trading or trading coin would require various currencies as a counterweight.

[mung_nasib]

it becomes a difficult problem to reach the target if only 1 coin in a country because the increase is also lower. in a country that must have at least 4 types of coins for the sake of the progress of its own country.

[Meowth05]

it seems that it is not possible, because of course there will be no trading, either in forex trading or trading coin would require various currencies as a counterweight.

Indeed, I also believe that if we will use one currency there will be no trading will occur since the trading originates from exchanging of every currency around the world. And if trading has vanish, then it will have a big impact in one's country.

[jonnybravo0411]

I think that the use of one currency will not affect the economy of the country. It's just that in rich countries it will be more, but in poor it will be less and no matter if it's a dollar or bitcoin.

[Dudeperfect]

To undertsnad the solution of your question, let's relate the question to the european union. The participant countries in european union are using Euro as a universal currency. Each and every country is using Euro, that looks amazing.

Now let's have a look on the other side of it. Since every country is using euro, the performance of any country (irrespective of positive or negative) would affect the price of the Euro. The same thing is going to happen if we all are adopting a single currency worldwide. The negative performance of the less developed countries would affect the price of that universal currency, irrespective of the good performance of the developed or developing countries.

* Brexit pain for holidaymakers as pound expected to fall further against euro.

[djablom1]

it seems that it is not possible, because of course there will be no trading, either in forex trading or trading coin would require various currencies as a counterweight.

It will be a disaster because we all need different prices for different items and you need to know that the inflation of every country is also different some country's are very poor that is why they wont be able to handle this.

[carlisle1]

it seems that it is not possible, because of course there will be no trading, either in forex trading or trading coin would require various currencies as a counterweight.

It will be a disaster because we all need different prices for different items and you need to know that the inflation of every country is also different some country's are very poor that is why they wont be able to handle this.

good point it wont be possible since we already have big differences in terms of social capability and those raise would be the big factors those that has been
raised inside third world countries will be more poorer than those who raise from the first class and what would be the value of the currency then? the
economics will tell that it wont be balance.

[Pattart]

It's a conspiracy that all the countries will be having a one world currency and I guess that is bitcoin. I'm not so sure with that guess of mine, I've just read something about it and I'm not good with those things. Well if that happens all transactions will be easier and we can wherever we want as there will be one currency, no need to exchange.

Of course this will provide variety of convenience to everyone in doing business in various countries because with one currency can perform various financial transactions, but for the realization i also have the same views with you it seems that it will take time for legalization bitcoin as the international currency

The convenience is real and transactions will be on an instant way like there's no need for so much waiting time when we are about to do bank wire transfer. And with bitcoin, we can just wait for a while for the confirmation. For the legalization of bitcoin, it's already on its way. Other countries did made bitcoin legal and safe to use.

There will certainly be ease in doing transactions. wherever you are. whichever country you go. you do not have to go to exchanger to exchange your money into local currency. you can already use your currency directly to spend. but it is not an idea that can happen. every country will have its own currency because it is to regulate their economies. because the local currency is not just for use as a buying and selling tool

[Aprijhunot]

for example if we use the dollar it will certainly be bad news to see the habits of the corruptors in Indonesia, they will never do small corruption. What if they later corrupt $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases and these corrupt acts are likely to affect many things in our economic sector. that is if we use only one currency, for example the dollar currency