What will happen if we use a one currency only?

[naidray]

[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.

Destruction! Yes, you heard that right as it rings in your mind– DESTRUCTION! No way! Some countries will kinda feel cheated, and there will be problems here and there. In fact I’m not in support of such. It’s better for everyone to love in their own country peacefully.

[1713985961]

1713985961

[1713985961]

1713985961

[1713985961]

1713985961

[1713985961]

1713985961

[1713985961]

1713985961

[1713985961]

1713985961

[zeaderza]

[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 it will give more ease to people because if we only use one currency then the understanding of every business transaction or any regular transaction for that matter will be easily done. Plus, we get to travel around the world without worrying or computing if we have enough money or not.

Yeah this is one of the most important factor of a currency to be used as one. No other currency is there in the world. Like you said, if someone wants to do a world tour then you don’t find any problem. You don’t have to worry about the conversion of currency after every other country. Still there are some demerits that come along. But I think merits are more in this case.

[newlone]

[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 this is a bad idea, if we have a common currency, the trade and exchange is really difficult. Decentralization between nations will be the same here is a bad thing.

[MyIdeas]

Almost everyone says that one world currency is bad because of diffrent economic situation in different countries, but I disagree. The problem is situated in the modern monetary policy.  Hypothetically, the Asymmetric Monetary System based on a blockchain can solve this problem. If you are interested, visit this this topic https://bitcointalk.org/index.php?topic=2311598

I totally agree with you. Having in one currency for the whole world will be a great favor to the whole world because people will not have to worry about conversions and there won’t be any competition. Finally, we will have peace. It will also become easy to travel. Nowadays people earn online and most of the time, the jobs are given by foreigners. Every country has its own currency due to which the receiver might face decrease in value on conversion. We only need a superb policy. The idea is not bad.

[marcuslong]

Nothing our economy will never grow like this as you can see because of other currency our country or most of the countries economy changes since they accepting each and everyones cirremcy to trade and ofcourse to invest if one world will use one currency there will be no more changes will happens

[Joshapat]

I agree with the idea if we use a one currency only, because with one currency it will make the transaction easier and of course the distribution of money will be better than using a lot of currency.

[Sled]

I agree with the idea if we use a one currency only, because with one currency it will make the transaction easier and of course the distribution of money will be better than using a lot of currency.

If we will use one currency it might lead for faster transaction and i believe that it will happen because one currency will be enough to make world working because there is no forex market or anything that needs to be stressed out when using currency because we don't need any conversion and we just need to transfer it either in a bank or an online gateway.

[Md Saad]

That would be a great a monetary system. if there is a single currency then we will get a proper globalization facilities. But it will never come true regarding this issue. because every developed country wants to dominate in the poor country. the currency is one of the biggest tools for an economy. that is why they never come to an agreement on this issue.
But if it really will happen then the transaction, communication and transportation will be easier for us. people also will feel comfortable if there will be a unique currency in the world.

[Nambuwan]

[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 this will happen in the future then it will drastically affect every person in the world. Some will be thankful but some won’t like it because they will lose the benefits they can get by having different currencies.

[Saone]

Well look at European union. Euro is a main currency and its doing alright. Some things of course would be different if same principles are applied worldwide, but it wouldn't f*ck up things THAT bad. And it would be amazingly easy to travel, which seems like a great benefit. But for all of this to happen in a logical way, the whole world should have similar economic power which will never happen..

[Nivir]

[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 this will happen in the future then it will drastically affect every person in the world. Some will be thankful but some won’t like it because they will lose the benefits they can get by having different currencies.

What kind of benefit on owning different currencies? Most probably due to its strong trend and economy like Korea and Japan. Although one currency worldwide is like impossible, if ever this happens then paper money supply will be the basis on each countries. This will be like the European League which composes of many countries but under one currency (except on few countries). Still this is mostly not gonna happen. It's like imposing one language worldwide. Currently US dollar is the main standard currency that is accepted by most countries.

[Wowcoin]

[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 you use only one currency then you can not take advantage of opportunities that exist when other coins experience price increases, if only playing in 1 coin alone it will make your assets stuck there.

There will be a lot of advantage if world will start using one currency and that must be cryptocurrency because crypto can be used globally all across the world and that must be bitcoin because bitcoin is popular among all the regions and nobody is going to deny this reality that it is the most profitable as compare to any other and it is the real economy booster and by this world economy will be bettered.

Its a big adjustment to all if you use only one currency i think its not applicable because every person hard to used bitcoin especially to those people have no internet.
We all know that we can use only bitcoin by using internet.

[kickero0O]

When there is only one currency then there will be shortage ot it  or there will be problem with distribution. Some will be rich and some will be in poor state because of un equal distribution. Its better if we have other option so that its not a problem if anyone has an access.

[StarofBTC]

I think this is a very good idea and should be applied soon, I hope that with one currency then there is no poverty and wealth can be spread more equitable and there is no longer a very high economic gap..

There is much alternative and individuals are willing bitcoin to end up plainly a world just a single cash on the grounds that bitcoin can breath life into satisfaction while different monetary forms are simply making wars and government issues while bitcoin have never made something to that effect.

Yeah in the future the bitcoin will be the bright and the simple way of the bright future, it is quite possible to bitcoin will give  you the huge profit and it will be the only currency that people will use for the payment and the income of the bitcoin will be more than this. It will give you the simple and the easy way for the bitcoin earning, I am having the bitcoin and the other currency will give us the future.

[EdenHazard]

I agree with the idea if we use a one currency only, because with one currency it will make the transaction easier and of course the distribution of money will be better than using a lot of currency.

there will be a lot of problem , even a chaos. i can not believe if this idea could really realized , almost impossible as we are live in different economy situations , different place and different culture which causing different point of view.

every government will always try to regulate it for the good ( actually for the greedy they have ) , impossible to happened.

[koumpesbtc]

That means practically to cancel trading, which will have as a result many people to loose interest in cryptos. Also, that means that there will be no diversity in anyone's portfolio with a result the economy to stabilize at some point and stay neutral. Also, the one coin will turn to be controlled easier by governments.

[Kiweikoo]

That means practically to cancel trading, which will have as a result many people to loose interest in cryptos. Also, that means that there will be no diversity in anyone's portfolio with a result the economy to stabilize at some point and stay neutral. Also, the one coin will turn to be controlled easier by governments.

You are so right. If there will no competitor, how can a single currency be used for trading.It will be end of this profession, at least the digital trading one. I don’t know what will happen if the government will become able of controlling one currency easily because at the present, there are not many issues rather governments don’t care about them but the point is having only one currency for the whole world is a bad idea and practically impossible too.

[ausbit]

That means practically to cancel trading, which will have as a result many people to loose interest in cryptos. Also, that means that there will be no diversity in anyone's portfolio with a result the economy to stabilize at some point and stay neutral. Also, the one coin will turn to be controlled easier by governments.

You are so right. If there will no competitor, how can a single currency be used for trading.It will be end of this profession, at least the digital trading one. I don’t know what will happen if the government will become able of controlling one currency easily because at the present, there are not many issues rather governments don’t care about them but the point is having only one currency for the whole world is a bad idea and practically impossible too.

In case this thing ever happens, then things will be very much different than they are now. Using of only one currency and that across the while world will help so many of us as we’ll need be having any worry of keeping different kind of currencies while travelling. In addition to this, there will be no difference in the rates of things at different places and we’ll be able to buy the things at the very same rate.

[tobs]

I guess exchanges will die. It also brings a whole forex and now cryptocurrency market down and these are places where people like to speculate and invest. This money put there will have to be invested elsewhere, so I guess we would see other markets developed or a big pour of money to stocks. I also think, that the world is not even close to being ready to adapt a one currency, because of differences in various economies and countries wealths. I mean, a loaf of bread would cost in one country $1 while in the other only $0.3 and these price ranges are too wide for a one currency to healthy remain in all countries.

[appleffi]

[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 it would cause chaos to the economy of almost all the country. It is not a good idea to to use only one currency especially now that it is every country already has a stable currency.