What will happen if we use a one currency only?

[BeGoods]

I think that the most affected traders. Then there will be no stock exchanges, because there will be nothing to trade. I'm not sure that this will bring a positive effect

of course only with one currency trader certainly will not have a job lol
certainly if only one currency. then there is no country in the world ?

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[freedomgo]

Well, in the case that all countries will move, for example, on dollar do they want it or not they will have to accept it, and in that case dollar will become international currency. In this case only one country wins - the US. But in the case if bitcoin will be accepted as international currency nobody will be a winner. I don't meen that every cuntry will be a looser, no, I mean that everything will be fair and nobody is going to be first or higher or main or ect. in this case. Sounds good 

Dollars and now I go all over the world. For this the Americans have made so that all people have the dollars and not interested in his depreciation. I think as long as there is no currency which can compete with the dollar. This is the key to the success of the American economy.

and to me i think we are going to use a single currency and that will be bitcoin, as  bitcoin is still the number one online currency and still there is not a single currency so close to bitcoin to compete it.

That is still far from happening, it would not be easy and will never happen I guess, bitcoin will never replace the current fiat system as it is fully supported by the government. Bitcoin is successful so I guess we should be already contented with the success that we have and let's focus on a more
realistic development than thinking of replacing the old working system.

[gracia0023]

I guess, the idea of using one global currency will create equality for all nation.  We will break racial discrimination through that but of course, it will bring a great impact to our global economy and many people might not easily accept it.  Domestic workers do not need to work away from their family and love ones because they will earn the same value of money even they work on their own countries.  If the bitcoin promotes the idea to become global currency, the support of all governments are essential to do so.  It is quite impossible right now, but I am still hoping that someday, it will happen.

[Tukang Becak]

I guess, the idea of using one global currency will create equality for all nation.  We will break racial discrimination through that but of course, it will bring a great impact to our global economy and many people might not easily accept it.  Domestic workers do not need to work away from their family and love ones because they will earn the same value of money even they work on their own countries.  If the bitcoin promotes the idea to become global currency, the support of all governments are essential to do so.  It is quite impossible right now, but I am still hoping that someday, it will happen.

Yes agree, then we will not find a gap that is too far away, remember the current wealth of some people in the United States is greater than the foreign countries in Asia and Africa, one world one currency is the best solution.

[deisik]

I guess, the idea of using one global currency will create equality for all nation.  We will break racial discrimination through that but of course, it will bring a great impact to our global economy and many people might not easily accept it.  Domestic workers do not need to work away from their family and love ones because they will earn the same value of money even they work on their own countries.  If the bitcoin promotes the idea to become global currency, the support of all governments are essential to do so.  It is quite impossible right now, but I am still hoping that someday, it will happen.

I'd rather say it would cause the exact opposite in real life

So, instead of creating "equality for all nations", it would only lead to widening of an already existing inequality. Did Euro magically make European countries equal? I guess the effect is quite the opposite. For example, before Euro Greece was a financially independent country, but now it is basically enslaved by German capital. How can that be possibly interpreted as "equality"? Maybe, only for those who habitually practice doublethink and doublespeak (something like "war is peace, freedom is slavery, ignorance is strength")

[ladydark]

If it happens,then only the country whose currency is used would flourish and dominate the world economy.Already we could see US dollars dominating the world economy.It has made US richer than any other country.If such one currency idea comes true,then no country would be able to control the currency according to their prevailing market situations.

[crwth]

I just thought about this, if there is only one currency, there would be no trading. Trading with different currencies, maybe just valuable goods and other stuff that is worth to trade. I doubt that there would be only one currency in the world, it's just not going to work. A lot of people want to have their own stuff, and that's what always happens.

[douglock]

I just thought about this, if there is only one currency, there would be no trading. Trading with different currencies, maybe just valuable goods and other stuff that is worth to trade. I doubt that there would be only one currency in the world, it's just not going to work. A lot of people want to have their own stuff, and that's what always happens.

I think the world will be better if there is only one country and one currency. People will be equal to each other and there will be no racism, no discrimination, no need to trade. But I think that it will never happen because as you say, people only want their own stuff

[Be_Happy]

I just thought about this, if there is only one currency, there would be no trading. Trading with different currencies, maybe just valuable goods and other stuff that is worth to trade. I doubt that there would be only one currency in the world, it's just not going to work. A lot of people want to have their own stuff, and that's what always happens.

I think the world will be better if there is only one country and one currency. People will be equal to each other and there will be no racism, no discrimination, no need to trade. But I think that it will never happen because as you say, people only want their own stuff

Such a development could be called a paradise, but for the establishment of one currency it is necessary that the economic situation be equal in all parts of the world.

[franco123]

Having different currencies for country is important. Each country has its own level of growth in its economy. In order to balance the growth of the economy a country should have a central bank that regulates the amount of currencies being circulated in the market. This regulation is being determined by the supply and demand of that specific country. Now, if the world has only once currency. The regulation and adjustment of the currency would be impossible because each country has its own supply and demand of basic and consumer goods. In addition, if only one currency will be used for all the countries, money smuggling will be more easy which will make the economy of a specific country unstable because of inflation or deflation.

[Xester]

I just thought about this, if there is only one currency, there would be no trading. Trading with different currencies, maybe just valuable goods and other stuff that is worth to trade. I doubt that there would be only one currency in the world, it's just not going to work. A lot of people want to have their own stuff, and that's what always happens.

I think the world will be better if there is only one country and one currency. People will be equal to each other and there will be no racism, no discrimination, no need to trade. But I think that it will never happen because as you say, people only want their own stuff

Such a development could be called a paradise, but for the establishment of one currency it is necessary that the economic situation be equal in all parts of the world.

Well maybe yes but do it have to?  Should economic situation be equal to all parts of the world to use one currency?  Maybe for me it is okay to have one currency even the economy of different countries  are different.  Maybe one dollar can pay all your bills in this country but it would take three dollars to do it in Asian region.  I think the idea is so cool.  Wish it could happen someday.

[Monnt]

Having different currencies for country is important. Each country has its own level of growth in its economy. In order to balance the growth of the economy a country should have a central bank that regulates the amount of currencies being circulated in the market. This regulation is being determined by the supply and demand of that specific country. Now, if the world has only once currency. The regulation and adjustment of the currency would be impossible because each country has its own supply and demand of basic and consumer goods. In addition, if only one currency will be used for all the countries, money smuggling will be more easy which will make the economy of a specific country unstable because of inflation or deflation.

Firstly, all the government would have to come to a consensus on it, which is very unlikely. Second, the so called global currency has to be backed by something which is valued by all, which again is unlikely. Say, a country with lots of Gold in reserve would want it to be backed by gold while another country with lots of platinum reserve will want it to be backed by platinum. The only way which perhaps may be acceptable is workforce, which again is hard to determine about the stability of.

[psy0]

If we use one currency only, we should have a world government. The word of sovereignty had never emerged in the absence of political units, international organizations and countries.

[radjie]

[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.

The economy of each country is different if all the countries have only one currency only then there is only a division but not the unity and the absence of cooperation of a nation with other nations so that every country is only competing to be the best country not thinking of the undeveloped country.

[bhadz]

If we use one currency only, we should have a world government. The word of sovereignty had never emerged in the absence of political units, international organizations and countries.

It will be a one world government and I heard some rumors and reading some conspiracies that will happen very soon. And if you are a traveler you will not experience any single problems with it as you can just use that single currency. If the whole world has only one currency, we will be manipulated easily by those big people in the economy.

[ridery99]

[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.

Wages will be lower

[coinstatic]

Well that would mean 1 government, 1 law and lower wages



I don't think it'll happen though to be honest. Now that we have cryptocurrencies, the public can be in control of their own digitalised currencies

[killyou73]

[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 in the world today if we where to all agreeable use one currency that it would either be the yen or China would not be too happy. The whole world's debt would have to converted into one and than so would all of the liquid cash so everyone would have to agree on an exchange rate which everyone couldn't.

I think if this happened it would cause bitcoin prices to go up because its decentralized; however, if the whole world adapts bitcoins something would have to be done about the current high network fees

[kidmodo]

If we use only one currency around the world it would be very good for a poor country, but it would be very bad for rich countries, because rich countries should share money to stabilize the currency. Such as the euro, rich countries like the UK do not want to use the euro because it would harm the UK

[rikybrosh]

[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 it's happen,  I think world economy could be better because no more fiat trading. I also think that no more economical crisis in the world. I am sure that time will happen,  probably we only use gold as money like in the past.