What will happen if we use a one currency only?

[reijusama2583]

Well I think it is much better because at least there will be no more conversion of money because we all have the same money and when it comes to economy we can rate it much easier because it is base on the national currency where in it is all the same. I hope someday we already have the currency so that the value of our money will be the same.

[aleksabat]

It is hard to predict, what is going to happen. It depends of the county which is goung to issue the money. Look at the USA, they can produce as much $ as they want.

[L00n3y]

[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.
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[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.

Having a global currency would, I think, be beneficial to some countries and at the same time would damage others. Buying powers of currencies would be eradicated because we are using only one currency and governments would have no control but a single worldwide agency would.

[AjithBtc]

In my personal opinion one currency system won't cause bankruptcy or inflation as that has taken place in few countries. This will a supportive system as well let's people develop unlike their origin and location of living. This is possible, but the same affects the millionaires and to achieve this first of all people should forget discrimating each other.

[AliMan]

[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.

If all nation is using one currency, I think, this is a big burden to all of us. You know why? Because we cannot dictate of our currency rate is increasing or decreasing. We cannot notice if our economy is going up or down. Having too many currency in the world is very important, it is also the one of the basis if our economy rate is increasing or decreasing. Having too many economy in the world will also helps other people to earn and gain money.

[ahkiatt]

The ability to control interest rates, exchange rates, and amount of fiat flowing into the global economy is very crucial to the survival of individual nation's survival.

So no, there will not be a single currency, not in the near forseeable future.

[dunfida]

[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.

If all nation is using one currency, I think, this is a big burden to all of us. You know why? Because we cannot dictate of our currency rate is increasing or decreasing. We cannot notice if our economy is going up or down. Having too many currency in the world is very important, it is also the one of the basis if our economy rate is increasing or decreasing. Having too many economy in the world will also helps other people to earn and gain money.

Not only that because if there is only one currency there would really be a competition on each country to accumulate as much as they can because it would really symbolizes power if a country would really have the most possession of such currency which would really mold up chaos because superiority would really be there.This is why this thing is impossible instead of uniting on most countries it would rather create chaos.

[ClaraLuV]

Bitcoin is the closest thing we could get to think about a realistic one world one currency option,other than that it is no way possible because of the diversification and trade culture differs from each and every country and apart from crypto currency,there is no way we are going to implement a one world one currency rule in a million years.

[eaLiTy]

if there is only one currency there would really be a competition on each country to accumulate as much as they can because it would really symbolizes power if a country would really have the most possession of such currency which would really mold up chaos because superiority would really be there.This is why this thing is impossible instead of uniting on most countries it would rather create chaos.

When we talk about one currency rule,it is not about the competition,it is about the risk each prosperous country take when they are other countries who are in debt sharing the same economy,if you look back at the Greece situation as they were struggling to pay off their debts and the entire euro felt the pressure to bail them out of the situation,so it is not a realistic situation,we have bitcoin and it is a true global currency.

[Loveydovey04]

The question makes no sense because anything can be used as a currency, such as beer or rice or gold or litecoin or even toilet paper issued at no cost to the issuers though of course that wouldn't be recommended  

I think an example for what you’ve mentioned is the old times when there were not money yet. So people exchange object with object. Or they call barter. Like exchanging clothing for food or food for clothing. Jewelries for another object. Yarn for another object. In villages far from the city there are still natives who exchanges object for object like in my country there are natives who live in far villages who would bring chicken or goat fir clothing or whatever they would ask.

[Trela]

[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.

If all nation is using one currency, I think, this is a big burden to all of us. You know why? Because we cannot dictate of our currency rate is increasing or decreasing. We cannot notice if our economy is going up or down. Having too many currency in the world is very important, it is also the one of the basis if our economy rate is increasing or decreasing. Having too many economy in the world will also helps other people to earn and gain money.

Not only that because if there is only one currency there would really be a competition on each country to accumulate as much as they can because it would really symbolizes power if a country would really have the most possession of such currency which would really mold up chaos because superiority would really be there.This is why this thing is impossible instead of uniting on most countries it would rather create chaos.

And almost the government do not accept share their power to other countries. Example if we use an international currency for all countries in the world, who are the people manage this coin? Because this person will become the leader and have all profits from this currency.

[donadoni212]

if only one currency is used in all countries then it will be very good, there will be no currency difference.
you can shop in all countries without having to exchange money.
but there will be enormous banking chaos .

[Batang Hambog]

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.

It will put a stop to all these pathetics currency wars. It would already be a good point. On the other hand it would present some serious challenges as every part of the world is not on the same level of productivity.

For me. Maybe the transaction worldwide is too fast also the payment system is fast. We dont need exchangers to convert our money into other currency for us to buy things that we want in that particular place or state.

[chukaday]

[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 think that would be a brilliant idea one that would automatically knock down borders. This would obviously be a huge security threat but I am sure we could come up with ways to curb stomp that threat. The world would in

my opinion be a harmonious place that I would love could you imagine BTC being worldwide currency? Man that does seem like a dream yet the reality of it does not seem so far fetched anymore.

[resty]

[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.

absolutely no hassle if one currency use only in the world no any cards no any documentary settlement  except one policy only no third party all in all its very comfortable less paying for any cards converting to any currency but if bitcoin being one of the currency i'm sure all people become happy

[Canoppo99]

[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.

It will be good, it will give more difficulties to any government to influence another country's economy. The economy system will be fair for any countries.

[Bitcoinjheta]

[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.

It will be good, it will give more difficulties to any government to influence another country's economy. The economy system will be fair for any countries.

I think it would turn into chaos if one currency would dominate the whole world because we are not as one country or a whole part of continent. My point of view is there will be fevorable parties might be happened it will turn to scarcity in a poor country, and only country would take over all there wealth.

[freedomgo]

[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.

It will be good, it will give more difficulties to any government to influence another country's economy. The economy system will be fair for any countries.

I think it would turn into chaos if one currency would dominate the whole world because we are not as one country or a whole part of continent. My point of view is there will be fevorable parties might be happened it will turn to scarcity in a poor country, and only country would take over all there wealth.

That's right, every nation has created their own currency and the value of the currency in foreign exchange will represent
the global strength of a county. There is no way a government would allow to use one currency because countries are competing.

[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.

It will be good, it will give more difficulties to any government to influence another country's economy. The economy system will be fair for any countries.

I think it would turn into chaos if one currency would dominate the whole world because we are not as one country or a whole part of continent. My point of view is there will be fevorable parties might be happened it will turn to scarcity in a poor country, and only country would take over all there wealth.

That's right, every nation has created their own currency and the value of the currency in foreign exchange will represent
the global strength of a county. There is no way a government would allow to use one currency because countries are competing.

Use different currencies is a good choice to help the poor countries have motivation to grow their country's economy more. Beside that, it also helps the financial people as us have chance to make money through trading, investing or holding.

[Armstand]

[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.

It will be good, it will give more difficulties to any government to influence another country's economy. The economy system will be fair for any countries.

I think it would turn into chaos if one currency would dominate the whole world because we are not as one country or a whole part of continent. My point of view is there will be fevorable parties might be happened it will turn to scarcity in a poor country, and only country would take over all there wealth.

That's right, every nation has created their own currency and the value of the currency in foreign exchange will represent
the global strength of a county. There is no way a government would allow to use one currency because countries are competing.

Use different currencies is a good choice to help the poor countries have motivation to grow their country's economy more. Beside that, it also helps the financial people as us have chance to make money through trading, investing or holding.

Somehow it willl be an advantage to those who are into travelling,it will ease the transactions and convertion will not be needed, but it will be hard to implement especially if internet connection were not that strong.