What will happen if we use a one currency only?

[millgates]

[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 for the world economy. Probably there is no more economic crisis, all transaction will be fair and export sector will be more stable. Government of strong country such as USA can manipulate the price of USD for their own advantage that Probably can harm another country. The only one currency for the world should has limitation in amount to prevent the inflation.

[virtualkeybuyer]

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

It is indeed a very long process. It will for sure take a lot of time in eliminating all other currencies and having only one currency all over the globe. I think if we manage to have so, it will be the best thing for all of us in a way we will not have any trouble of having different currencies while travelling around the world.

[michnelli6]

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.

For the world to have one currency, I don’t really supportthat cause it’s a bad idea. And as you said, some countries are poor and won’t be able to handle such. Everything about a country supposed to be different, just like our food is different, and we don’t eat the same thing.

[Aztek]

I wonder how all countries would be able to use just one currency if it is about fiat, because the government of every country has control on the money or on the economic system of that country so if the currency is the same for all the countries, who will be controlling it? Wont that become a reason for fights or wars between states?

People could not used only one currency becasue there are differences on the currency of one country to other. For me setting and establishing a universal current like bitcoin that would serve as a current on any type or transaction all over the country would be a better option rather than looking on just one type of curreny that means nothing in terms of transaction on different part of the world.

[lanyounanhai]

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.

For the world to have one currency, I don’t really supportthat cause it’s a bad idea. And as you said, some countries are poor and won’t be able to handle such. Everything about a country supposed to be different, just like our food is different, and we don’t eat the same thing.

Moreover, the prices of things in each country are not the same. Using the same currency will cause a lot of trouble. Some items in poor countries will be extremely rich while in rich countries, it will be expensive. And it is hard to pay. So, I do agree with you, it is very bad to have a same currency in this world

[Qastessa]

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

You are right mate but according to my thinking in this case the country will be able to move only in one direction as you said if a country is using dollar only then they will not be able to change the currency suddenly when they will find the price and worth of dollar getting low because it will be difficult to change it at once so it is good to use some other payment services as well so that it will be helpful for the state of the country.

[jostorres]

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.

If it happens that we start using one currency only then a lot of global problems will be solved such as economy competition, terrorism and hunger in under developed countries. People will have inner peace and will feel secure that where ever they go, they can use their money for anything they want.

[darewaller]

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.

If it happens that we start using one currency only then a lot of global problems will be solved such as economy competition, terrorism and hunger in under developed countries. People will have inner peace and will feel secure that where ever they go, they can use their money for anything they want.

That’s a stupid idea, I never imagined anyone could be in support of that. Creating a one currency for the world would lead to chaos, most of the countries will feel cheated and then racism comes into play. I’m never in support of that and will never be.

[basyang]

[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.

    In my opinion, I do not think it will help if all nation used one currency. For me, There is a reason why every country have their own currency, is it because of there economy. I think if we have one currency there is no balance will happen in our market or in an economy of every country. So it is impossible to implement one currency in our nation.

[GreatOrchid]

There are a lot of countries that use the same currency, and i dont see anything wrong with that. It would be great because all prices would be equal.. There are too many difference between prices of stuff in some countries.  the main currency has always been united states dollar, and anyone knows it. And gold has been a global currency too, everyone used it a few centuries ago, just like rice or silver.

[StarofBTC]

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.

You may be right but I think otherwise. Anything is possible and can happen in this world. If this happens, this will be the best thing which this world will see. You will not be worried about keeping this much different currencies and moreover you will feel free to invest in your money anywhere in the world.

[yohan09]

At last if this things may happen , we can save usage of paper bills and production of coins made of metal and turning out anything works easier and efficiency of transferring money anywhere. There's a freedom happening for everybody.

[Tubig]

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.

I think if only 1 currency available, inflation and deflation aren't a problem to everyone and also trading activity will be hard or even no trading activity around the world(currency trading).

I agree, There will be no trading if we use  one currency, and the economy of  all the country will be poor.

[Symphony_fr]

I think that nothing will happen if there is one currency in the whole world. The rich will have a lot of money, but the poor have less money. Just change the currency, but nothing will change in the government of the country.

[danherbias07]

I think that nothing will happen if there is one currency in the whole world. The rich will have a lot of money, but the poor have less money. Just change the currency, but nothing will change in the government of the country.

What?! Nothing will happen? If the whole world agrees to one thing then that is WORLD PEACE!
Everything will change from that. We having arguments now and conflicts with every country due to misunderstanding of beliefs. Also one country wants to be stronger in the whole world that is why they keep on making their own fiats to be the strongest too.

[BitcoinCommodor]

[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.

    In my opinion, I do not think it will help if all nation used one currency. For me, There is a reason why every country have their own currency, is it because of there economy. I think if we have one currency there is no balance will happen in our market or in an economy of every country. So it is impossible to implement one currency in our nation.

That will be a great idea to use one currency across the globe and that must be some digital currency paper money have some limitations. And many regions will not accept foreign paper money as global so bitcoin is the smartest option to make It as global currency so that trading must be done with it across the globe and the people have no objection in accepting it.

[ShadowBits]

[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.

for this to happen one world currency
there is going to be one leader worldwide
or else it would war and chaos
but its frightening to see that one world currency and one leader above all

[marjoree]

[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.

At first, it will be hard to have one currency only and what currency will that be. It will be a total chaos before that happen. But somewhere in the future if it was declared then, then the transaction will be easy and other deals because we dont need to exchange it with our own currency so no time consuming

[szpalata]

[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.

for this to happen one world currency
there is going to be one leader worldwide
or else it would war and chaos
but its frightening to see that one world currency and one leader above all

I guess that will somewhat signal the beginning of the end of the world and so I hope Bitcoin will not turn out to be that one currency per the current global acceptance rate.

[crwth]

[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.

for this to happen one world currency
there is going to be one leader worldwide
or else it would war and chaos
but its frightening to see that one world currency and one leader above all

I guess that will somewhat signal the beginning of the end of the world and so I hope Bitcoin will not turn out to be that one currency per the current global acceptance rate.

For sure no one would accept this kind of thing because we come from different cultures and we have different beliefs. For sure, as humans, we tend to believe who we are closely related to like, for example, the religion. That could divide us already, so not expecting to be united in a way that we all have one leader all over the world.