What will happen to Bitcoin if IMF & World bank create ON WORLD Currency?

[gentlemand]

All one has to do when thinking of a One World Currency is look at what the Euro has done to most of Europe. And that's a fairly homogenous bunch with economies that aren't too out of kilter with each other.

What works for Canada might not hit the spot for Suriname.

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[franky1]

I don't see this happening soon. Governments currently love their fiat and there are influential people who make most of their money from trading currencies,  they won't easily let this happen. Not to mention how hard it is to implement. When you lump economic powerhouses like Germany with laggards like Greece and make them use the same currency, you're going to have problems. Recent developments in the EU would definitely make other economic blocks like GCC and ASEAN think twice before adopting a single currency.

IBM highly involved in hyperledger
http://www.the-blockchain.com/2017/02/02/nine-ten-governments-investing-blockchain-2018-says-ibm-study/

government organizations across the globe are exploring use cases for Blockchains that can impact their jurisdictions.

the IBM Institute for Business Value surveyed 200 government leaders in 16 countries on their experiences and expectations with Blockchains.

nine in ten government organizations plan to invest in Blockchain for use in financial transaction management, asset management, contract management and regulatory compliance by 2018.

IBM discovered a small group of pioneers that are setting a fast pace and new direction with Blockchains today.

http://www.coindesk.com/central-banks-hyperledger-blockchain/

The Bank of England and the Federal Reserve Bank of Boston are among 11 new members of the Linux Foundation-led Hyperledger blockchain initiative.

The slate of new members includes health care group Kaiser Permanente, the academic research group Initiative for CryptoCurrencies and Contracts (IC3) and China Merchants Bank. Among the startups that joined is Monax,

http://www.ibtimes.co.uk/hsbc-bank-america-merrill-lynch-use-hyperledger-project-blockchain-based-trade-finance-1575269

Bank of America
Merrill Lynch,
HSBC
and the Infocomm Development Authority of Singapore (IDA) are using a blockchain prototype to streamline the paper-heavy world of global trade. The consortium used the Linux Foundation open source Hyperledger Project blockchain fabric, supported by IBM Research and IBM Global Business Services.

[olubams]

Lately so much has been said about a New World order which will cripple the world ecconomy and introduce a new currency.
Does any one know what kind of crypto or paper currency they will Use?

The world today is ruled by egos of world powers and even IMF or world Bank decision is not even final as we have seen countries pull out of world bodies if they feel their interest is not being protected and same thing might happen if they propose such. How do one explain how USA and Russia of China will agree on particular currency, I doubt if that will ever happen...

[franky1]

Lately so much has been said about a New World order which will cripple the world ecconomy and introduce a new currency.
Does any one know what kind of crypto or paper currency they will Use?

The world today is ruled by egos of world powers and even IMF or world Bank decision is not even final as we have seen countries pull out of world bodies if they feel their interest is not being protected and same thing might happen if they propose such. How do one explain how USA and Russia of China will agree on particular currency, I doubt if that will ever happen...

what you dont realise is while fox news is screaming BOMB THEM BOMB THEM BOMB THEM
america is doing trade deals with them.

EG
IMF had the UK and america in thier SDR pool. and in october 2016 they added china.. http://www.imf.org/en/News/Articles/2016/09/30/AM16-PR16440-IMF-Launches-New-SDR-Basket-Including-Chinese-Renminbi

secondly russia. while people think america hate russia and sanctioned them and removed visa/mastercard utility, stopped trade deals, blah blah blah.. america actually done trade and actually done deals giving russia money.
EG
international space station supply and maintenance funding(while cutting U.S's own NASA funding)
other things like you can buy iphones, mcdonalds and many other american things in russia.
http://www.reuters.com/article/us-mcdonalds-russia-idUSKBN15F111

TOTAL year 2000    imports:2,092.5m    exports:7,658.5m    
TOTAL year 2013    imports:11,144.7m    exports:27,085.7m
    
so avoid fox news

[SaShiRaJaVu]

It is possible to collaborate certain countries and make a union and can replace their national currency with a common currency but to create a single currency for the entire world is not a possibility when it comes to economic feasibility.Either every countries economic situation must be at par with each other and that is not the case in the real world scenario and so bitcoin is by far the only possible world currency which can be adopted by anyone in the world without any boundaries.

[machinek20]

They are welcome to create new currency, but I am not sure there will be people interested in this currency, it is better to used bitcoin where the creator is not from the government institution, so if IMF or world bank created a currency, I will still stick to bitcoin, maybe some people will change to the new currency but I believe many people will still used bitcoin

[pinkflower]

IMF & Worldbank wont make a one world currency par-say.

they have/will however control, secure, be the transport conduit, and the auditor of all the future FIAT currencies that get into using blockchains.
much like merging SWIFT, RTGS and other international wire transfer protocols into one

hyperledger allows subchains(sidechains/altcoins) that are all in the end audited by the hyperledger.
hyperledger itself wont have a 'coin' but will have a ledger to list and secure the audits of the other FIAT chains that join to the hyperledger network.

IMF, worldbank and BIS wont make money just having a "one world currency". they make money on the trades (forex swaps) between the different currencies and the demand/ supply of different currencies.

so there wont be a "one world currency" but there could/would be a one world network

Is the Hyperledger centralized? I dont think the banks will use something that they dont have some control over. Although credit card transactions that are recorded on Hyperledger would be a God send to them. A cashless society that is well very controlled solely by the bankers.

[franky1]

IMF & Worldbank wont make a one world currency par-say.

they have/will however control, secure, be the transport conduit, and the auditor of all the future FIAT currencies that get into using blockchains.
much like merging SWIFT, RTGS and other international wire transfer protocols into one

hyperledger allows subchains(sidechains/altcoins) that are all in the end audited by the hyperledger.
hyperledger itself wont have a 'coin' but will have a ledger to list and secure the audits of the other FIAT chains that join to the hyperledger network.

IMF, worldbank and BIS wont make money just having a "one world currency". they make money on the trades (forex swaps) between the different currencies and the demand/ supply of different currencies.

so there wont be a "one world currency" but there could/would be a one world network

Is the Hyperledger centralized? I dont think the banks will use something that they dont have some control over. Although credit card transactions that are recorded on Hyperledger would be a God send to them. A cashless society that is well very controlled solely by the bankers.

hyperledger is a multichain ledger. its only going to be used behind the scenes by those authorised to use it. but becomes unhackable because the data of hyperledgers main chain is distributed aswell as each chain is distributed. .but because only certain people have direct access its not 'openly public'

[LeGaulois]

There is this transcript wich is good to read from the IFM One World, One Currency: Destination or Delusion? November 8, 2000 It's an old one from the year 2000 but very interesting. It's a long one but i really advice you read it

[KuromaYoichi]

Global currency means that the country has to give up it's own local currency and i don't think any country want to do that. They want their currency to be superior than the others to show their power to the world.

There is this transcript wich is good to read from the IFM One World, One Currency: Destination or Delusion? November 8, 2000 It's an old one from the year 2000 but very interesting. It's a long one but i really advice you read it

this is a good read and i agree with this particular statement. "One world, one currency" could exist in a dictatorship or a world empire, but I couldn't imagine a world democracy with a single currency. I couldn't imagine that system.

[maydna]

Lately so much has been said about a New World order which will cripple the world ecconomy and introduce a new currency.
Does any one know what kind of crypto or paper currency they will Use?

i don't know about this but to introduce a new currency for all country, there will be a big conversation from each of leader of the country to approve the new currency so that currency will be applied in all country. but i don't think that this will be made in short time because for now, the situation and the condition for each country is not unite and they need to talk in wide forum or have conversation together to approve new currency. before all country is unite and work together, there will be no new currency for all country and each of country will use each currency for their country and for their citizen.

[szpalata]

All one has to do when thinking of a One World Currency is look at what the Euro has done to most of Europe. And that's a fairly homogenous bunch with economies that aren't too out of kilter with each other.

What works for Canada might not hit the spot for Suriname.

That's profound, I can't phantom why people keep coming up with the idea of one world currency, we are not the same economically and so we can't run all economies together as if they of a single nation so this idea won't wash. It's deadly and might render global economies in tatters just like Europe.

[pinkflower]

IMF & Worldbank wont make a one world currency par-say.

they have/will however control, secure, be the transport conduit, and the auditor of all the future FIAT currencies that get into using blockchains.
much like merging SWIFT, RTGS and other international wire transfer protocols into one

hyperledger allows subchains(sidechains/altcoins) that are all in the end audited by the hyperledger.
hyperledger itself wont have a 'coin' but will have a ledger to list and secure the audits of the other FIAT chains that join to the hyperledger network.

IMF, worldbank and BIS wont make money just having a "one world currency". they make money on the trades (forex swaps) between the different currencies and the demand/ supply of different currencies.

so there wont be a "one world currency" but there could/would be a one world network

Is the Hyperledger centralized? I dont think the banks will use something that they dont have some control over. Although credit card transactions that are recorded on Hyperledger would be a God send to them. A cashless society that is well very controlled solely by the bankers.

hyperledger is a multichain ledger. its only going to be used behind the scenes by those authorised to use it. but becomes unhackable because the data of hyperledgers main chain is distributed aswell as each chain is distributed. .but because only certain people have direct access its not 'openly public'

I have done some browsing about Hyperledger and came across on a write up about R3 giving up and stopping blockchain development. I want one thing clarified. Is R3 somehow connected with the Hyperledger project?

[audaciousbeing]

Lately so much has been said about a New World order which will cripple the world ecconomy and introduce a new currency.
Does any one know what kind of crypto or paper currency they will Use?

It depends on what they decide to use and what they came about after their extensive deliberations and analysis. However, irrespective of the currency they agree to use, I believe there will be room for other currency to be used and that where bitcoin comes in. And it would be a better thing in the crypto-world if they can just adopt bitcoin as a form of currency because anything they will be implement to go across borders of countries is already being done by bitcoin.

[bitart]

How many countries do you know that would give up their local currency for some one world currency and what would be the benefit of that?

You have seen what happened to the Euro when some of the smaller countries economies failed.... the Euro suffered. Can you see Muslim

countries accepting the same currency as their enemies? .....North Korea using the dollar?  

An interesting example could be Montenegro (South Europe, little country). They had their currency (or common currency with Serbia), but the country decided to use EUR. They're not part of the EUR monetary union, so officially they can't use EUR but people and the companies, banks are using it in everyday life, also the government. If a country wants to use a currency, they can. They just can't influence the currency with the normal cental banks' utilities like if it was their national currency.