What will happen if we use a one currency only?

[Omega Weapon]

[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.

I do not think that is going to happen but if it did then that is going to be huge trouble, think of the euro except 100 times worst, countries will be unable to set their own budgets and that is an issue since the needs of Spain are different than the needs of Japan, this is why I do not see bitcoin becoming the only currency of the world, it may become very powerful but there are always going to be other crypto and fiat and to me that is a good thing.

[pappisman]

a single currency status would be harmful for the markets as well because the Whole gamut of Foreign Exchange (the highest financial market with nearby $5 trillion volume a DAY) will be vanished. The same would also affect some parts of the economy as it would nullify the need of financial sector employees and would generate huge Unemployment.

To sum up, in order to have different delicacies in global environment, generating capacity to pay the hard-workers and punish the weaker economies, together with giving rise to need of Smart Employees, it is better to avoid thinking of single currency.

[Mr.grin]

very difficult to realize that, because each country has its own fiat, and it has happened since the first. maybe the ecosystem of finance in each country will be chaotic because in making it 1 currency for all countries. but I think that it becomes more simple.

[tienigarazz]

Using one currency, will bring as in trouble. But it will also bring good effect. All  those people that choose to work abroad will get back to thier country, because the currency is the one reason why they are going to different country. But idon't think it will not happen.

[sariz12]

if we will use only one currency then there would be only one government to control the economy in only one nation , this would only bring a chaos all over the world i guess . the reason why we have different currency i think it is because of different countries have different economic realities, different currencies are needed to maintain their trade advantage especially to those countries who used to export products . And also if we all use one currency, and we use bitcoin as the world currency, then there will be equality. if for example you are a teacher and in your country you are paid 1 bitcoin per month, then if you ask a teacher from other countries, their salary will also be the same, all the fares, goods and services, will all be in the same amount, there would be no inflation, since thee is no foreign exchanges, there would be no rich and poor, as far as i can see...

[Awes0musMaximus]

This is something that European union has tried and partialy successeded, to use 1 forex for those fellow member states. But still you will find issues so I don't believe it's possible for entire world to use just one forex. Many countries think about forex as part of their sovereignity then one that economy relies upon therefore it is hard to abandone that.

[WaIIaby]

Expecting people to use only 1 forex is much like our unique circumstances, would you expect individuals to just stick to bitcoin rather than use every other gold coin? if seriously you will find a way to combine all of us to simply use bitcoin and no other gold coin in any way then much better mean it out.Even with a worldwide effort and all the nations and nations saying yes on implementing just one device of worth like a global one forex there will be people utilizing their personal money, moreover with cryptocurrencies within the play, I'm assuming all the new world purchase ideas for just one world currency is ruined

[NativeNana]

If we have only 1 forex, all dealings, costs around the world would be regular and also at same level. We are all equal in most dealings. But I wish it might be distributed similarly amongst nations, if not other places will suffer for that shortage of money.Its easy to go from place to another with hassle of forex exchanges.

[jackburtonsf]

It's hard to happen cause the currency is showing how powerful that economics is and big country don't want to import their good currency with other at all, Want or not they will split if they have chances.

[CoinPowerProject]

[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.

Crypto currency have this ambitions to be global currency, but not only bitcoin, many coins will used.

[mirakal]

[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.

Crypto currency have this ambitions to be global currency, but not only bitcoin, many coins will used.

It's not the ambition of crypto but the people who are hardly supporting it, when cryptocurrency will be the main currency it will give them a lot of money because for sure as massive adoption will happen the price will also increase. For me, I am already contented with before second to fiat or cash because I am sure they government is too powerful to replace what they created.

[spooneds1]

It could cause a war because every country is different and mostly big countries whos currency level is higher will demand power over others

[slavla3]

It is a bit of a paradox, but it is kinda like saying that sales for X model fridge would sky rocket if it was the only brand name out there.  One forex has a lengthy time to get here and by the time it does, there are most likely going to be other derivatives of Bitcoin that serve that goal much better. Then selecting that one forex will be another probelm.

[Andrianla]

I think if the whole world using the same currency will become easier. Because there will be no more currency exchange transactions that require a fee. But all that can not happen, because every country wants to ease its own country

[biboy]

I think if the whole world using the same currency will become easier. Because there will be no more currency exchange transactions that require a fee. But all that can not happen, because every country wants to ease its own country

That is right that if we do have only one currency then everything will be just fire as it is no more complicated situation and transferring money from one country to another country is not that hard if that happens so everything will be smooth but in real life we all know that this not gonna happen as countries wanted  to have their own legal tender.

[Xember]

[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.

There is a good side and down side to this. Well for the good, we will all have one standard and everything will not be as complicated as now, whenever we need to transact, we no longer need to convert it to that said currency. Now, for the down side, the price of everything will be reorganized since we will be using one currency only, so it is more work.

[wilwxk]

This will make the things simplest, think about the stability of the value of this currency, and the easy travel in other countries without thinking about the exchange of currencies... But there will have troubles too, if a govern like Chinea enters in a economic instability situation, how about the other countries, but in my opinion, a cryptocurrency like the bitcoin or the Universa tokens can easily solve this problems...

[a4techer]

[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.

Of course if we have already on world currency every country was have a united but the question is every country was approve or agree in one world currency like this cryptocurrency because we know that every country was depending on the taxis of money so that they are also depending on the economy of our country.

If already approve the one world currency it is ok because we didnt use the the hard copy of money so that we have a freedom to buy or everything using one world money.

[millgates]

I think if the whole world using the same currency will become easier. Because there will be no more currency exchange transactions that require a fee. But all that can not happen, because every country wants to ease its own country

I agree, if we use only one currency, this will be good for us because there is no more manipulation on certain fiat currency that can harm the other countries economy which borrow that fiat. For example if a country borrow some money in form of usd, then the price of usd is increase, this will be bad for that country which borrow money in form of usd.

[hangar18]

[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.

Of course if we have already on world currency every country was have a united but the question is every country was approve or agree in one world currency like this cryptocurrency because we know that every country was depending on the taxis of money so that they are also depending on the economy of our country.

If already approve the one world currency it is ok because we didnt use the the hard copy of money so that we have a freedom to buy or everything using one world money.

Although you only think have a currency for all people, all countries on the world, but you do not know the disvantages of this thing. Remember, almost activity of the bank and other financial company are from forex. If we use a one currency only, these companies will not have profits from trading on forex market and they will not improve the economy of their country