What will happen if we use a one currency only?

[jvdp]

Using one and only currency across the world will certainly be an event unique in it's kind and it will serve the globalization purposes . It means that man kind have beaten their conflicts and differences and united themselves under one regimen . Yet it will mean that the most powerful parties will be in control of that currency and will be able to change it's value how ever they want it to be . It will help people across the world to travel without thinking of foreign currencies and exchanging rates and it will help to defeat the barriers that borders and governments have made .

Government has split the people by the sense of Money. Just think the people in Arabian country want to live in U.S,the cost value of Tiran is less than dollar, so they  have to spend more Tiran to live in U.S.So the government has split the people by the money. If all of us using single currency means,no government will control the people. Bitcoin provide that Freedom. This is the objective of bitcoin. To make of single currency in this world.

[1714875062]

1714875062

[Bolt Brownie]

[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 don't know if that's a good thing, or if it will ever happen. Take a look to England, even when they were in Euro, they did not adopt the coin, because the british pound was stronger and they would lose power if they did it. They are even getting out of European Union all together. Powerful countries don't want that to happen, so I don't think we will ever see a global currency that is backed by governments. We might have bitcoin being used all around the world, but that is different.

[Rojectime]

Then it will boost significantly faster and everyone will like to spend that money. Nearly all of the traders will have only this forex to spend in it and believe then how significantly individuals will have their cash in it. That will be a better volume of funds of the planet and they all will boost the price of that coin considerably larger.

[Strught85]

If we use only one particular currency all around the planet it would be quite good for a inadequate place, but it would be quite negative for abundant nations, due to the fact wealthy international locations ought to share funds to stabilize the forex. This sort of as the euro, prosperous international locations like the British isles do not want to use the euro due to the fact it would hurt the British isles

[Bitcoincole]

If we use only one particular currency all around the planet it would be quite good for a inadequate place, but it would be quite negative for abundant nations, due to the fact wealthy international locations ought to share funds to stabilize the forex. This sort of as the euro, prosperous international locations like the British isles do not want to use the euro due to the fact it would hurt the British isles

Definately there would be a huge chaos to the economy and brings an unstable supply if we use one currency all around the world. particularly in a big states and a low states. They can break the ties, each regulation and trouble of each countrymen due to the fact that dominant country can have what they want.

[Sled]

If we use only one particular currency all around the planet it would be quite good for a inadequate place, but it would be quite negative for abundant nations, due to the fact wealthy international locations ought to share funds to stabilize the forex. This sort of as the euro, prosperous international locations like the British isles do not want to use the euro due to the fact it would hurt the British isles

Definately there would be a huge chaos to the economy and brings an unstable supply if we use one currency all around the world. particularly in a big states and a low states. They can break the ties, each regulation and trouble of each countrymen due to the fact that dominant country can have what they want.

If we are going to use one currency only then there will be no chaos in my opinion because before we use one currency only then it need a lot of talk from different leaders of the countries to verify their decision if they are agree or not and if one currency will be implemented then it will promote unity for different countries but if we will base it right now, it is very impossible to happen.

[Kotone]

[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 we are using one currency only then I think that we are susceptible to destabilizig economies as one variance change then all of is in the world would be affected. ALso it would mean that dime of the prices of items we are used to biging would not he the same.

[lordquanta]

[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.

First thing bound to happen is: whoever controlling (printer, mint) this global currency will rule the world.  If in case currency is readily available to everyone and decentralized then With global currency in place a dominance of one nation will end. Overseas job drain will be stopped immediately. There will be end of forex. It would be interesting to see how currency is being managed in these kind of scenario. Depending on that factor everything will shape up.

[pugman]

[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.

That's not possible but hypothetically let's assume that such a thing will happen, now we all know that US can produce any number of currency notes when compared to other countries because of them being a super power. Now if they start adapting such policy of one currency world, who will decide on which country should have the most power to supply currencies without corruption involved?  In an economy there are various things that need to be looked at before even thinking of doing something. People will talk about  the good and bad sides of it the whole day without being tired.

[MonaLeeTracy]

If we use only one particular currency all around the planet it would be quite good for a inadequate place, but it would be quite negative for abundant nations, due to the fact wealthy international locations ought to share funds to stabilize the forex. This sort of as the euro, prosperous international locations like the British isles do not want to use the euro due to the fact it would hurt the British isles

Definately there would be a huge chaos to the economy and brings an unstable supply if we use one currency all around the world. particularly in a big states and a low states. They can break the ties, each regulation and trouble of each countrymen due to the fact that dominant country can have what they want.

this is true. if it does happen if we only use the single currency the economy will be more difficult to reach by us too, so the development of the currency needs to be added not just one.

[doomloop]

If we use only one particular currency all around the planet it would be quite good for a inadequate place, but it would be quite negative for abundant nations, due to the fact wealthy international locations ought to share funds to stabilize the forex. This sort of as the euro, prosperous international locations like the British isles do not want to use the euro due to the fact it would hurt the British isles

Definately there would be a huge chaos to the economy and brings an unstable supply if we use one currency all around the world. particularly in a big states and a low states. They can break the ties, each regulation and trouble of each countrymen due to the fact that dominant country can have what they want.

The importance of the bitcoin is not now the simple thing to get the huge profit, the high and the increasing worth of the bitcoin is the part of the bitcoin I love the bitcoin for the change, a lot of the feature are being the part of the bitcoin and the importance of the bitcoin is increasing now, I love the bitcoin and the profit will be more than this the more you will get the more you will earn.

[altcointalk14]

It is good in some ways. Like when you travel in any country you don't need to go to a money changer to change your money. You can use your money anywhere.

More importantly is that everyone could go for holidays or for trip everywhere, and now the currency swap (money from your country for money which is in country where you want to go) that applies in the country we want to go is too strong on the market.

[salihno71]

[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.

Nightmare. This would give leverage of the national bank controlling this currency over all other other nations. You can see how it works now for the poor nations which have oil for example - they get delivered "democracy" and can say goodbye to their oil resources. I'm pretty sure in this case situation would be similar.

[twicezeroiszero]

Using one and only currency across the world will certainly be an event unique in it's kind and it will serve the globalization purposes . It means that man kind have beaten their conflicts and differences and united themselves under one regimen . Yet it will mean that the most powerful parties will be in control of that currency and will be able to change it's value how ever they want it to be . It will help people across the world to travel without thinking of foreign currencies and exchanging rates and it will help to defeat the barriers that borders and governments have made .

Government has split the people by the sense of Money. Just think the people in Arabian country want to live in U.S,the cost value of Tiran is less than dollar, so they  have to spend more Tiran to live in U.S.So the government has split the people by the money. If all of us using single currency means,no government will control the people. Bitcoin provide that Freedom. This is the objective of bitcoin. To make of single currency in this world.

But the nature of Bitcoin is counteracting the purpose of the government.
The government do not want to have any international currency for worldwide.
So, I think the road growht of Bitcoin still be far, maybe we need to spend few decades is possible.

[_Dawid_]

It is really hard to say how the current crypto currency could have an impact in common world wide using.
The problem to solve is a anonymity, don't understand me wrong... It is as advantage in crypto but in real world people could take loans(if we would use crypto) and then nobody could prove you that you have money to payoff installment. The economy would works better but the law could have a lot of problems. In economy only the price fluctuations would be a challenge.

[STT]

Having the world using the same currency will creat some balnce in the power,

That is an ideal not the reality, this is not theory as we have the current merging of economies and currency in Europe within the EU they operate the EURO.    This has seen Germany paired to Greece, which has greatly differing economies.  Greece might benefit from tourism where as Germany is an exporter of goods, one of the largest in the world.

Obviously any country can change but its not automatically beneficial for everyone to share exactly the same cost of money via the same interest rates across a large area, different languages and cultures.   Unfortunately I think the EURO does not benefit many countries and Germany sees a lower currency value then they would have otherwise.   As Germany exports the lower value to EURO helps them stay competitive and allows politics to benefit from high employment and ease of business.

Despite appearance one currency only does not create equality.  Its inevitable that every area needs some variance and accommodation to local circumstances.  I'm not a great believer in fixed currency standard like that.  The fixed interest rate operated by central banks such as the ECB is not capitalism, I'd hope crypto currency would do better and that seems likely as no one entity controls the returns on money given in the way that central banks do with FIAT

[BunnyShibe]

It is really hard to say how the current crypto currency could have an impact in common world wide using.
The problem to solve is a anonymity, don't understand me wrong... It is as advantage in crypto but in real world people could take loans(if we would use crypto) and then nobody could prove you that you have money to payoff installment. The economy would works better but the law could have a lot of problems. In economy only the price fluctuations would be a challenge.

In fact it look like difficult but not impossible. i think that with the passge of time when bitcoin will become more common and more and moe countires will accept bitcoin as legal currency like japan then we can think about and then it will be possible to use bitcoin as a single currency throughout the world. i think that we can expect it in future when bitcoin will be accpeted by most of the countires of the world.

[Skyshark]

[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 bring a better world to everyone. A world where there is an equal currency, this could mean that there will be no more division between societies, third worlds would be no more and there might be equal opportunities for every one.

[rainezerr]

[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 bring a better world to everyone. A world where there is an equal currency, this could mean that there will be no more division between societies, third worlds would be no more and there might be equal opportunities for every one.

I think life will be easier to sustain since the price's of food or daily needs will decrease and in that case, I think that bitcoin will lose its value since it will be easier to live and there will be no more problem entertain since the currency is internationally stable.

[Vaskiy]

Having an one currency around the entire world will provide a diversified economy throughout the country who have accepted such a method. In short, this will get used same as the European Union than has been functioning long with such a combined group of countries having the same currency.