What will happen if we use a one currency only?

[Mustion]

Huge thing will happen if we only use one currency, Inflation is gonna raising very easy and the whole world will be effected of it. In the last few years, your country can be dogde the inflation cause to the unique currency of your country. But if this happen there not gonna happen like that again. You have to be undergo that dominating of inflation too.

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[NathanJB]

I don't quite get your main point here. But I will just focus on your subject. Actually, right now, we have a world currency which is basically a default, a kind of de facto world currency. And it is the US dollar. It is much better this way. Each country will be making their own versions of fiat money because they have their own set of monetary laws and regulations. But when it comes to the larger stage, we have a common ground.

[SkustaClee]

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 corrupted $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases. that is if we use only one currency, for example the dollar currency

Good idea but i think it will never happen . but if we use only one currency it's a good to remove corruption in all of country so i hope someday one currency in all country will become approve.

[GregH37]

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 corrupted $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases. that is if we use only one currency, for example the dollar currency

I think if we use only one currency the overseas workers will not need to work on abroad. The high possiton at the certain company will high payment. Maybe no more currency trading because of only one currency. Thats for me. But I dont know the effect about world economics.

Privacy is given by the bitcoin but it also can give the status to the concerned authorities who are investigating about such matters and money laundering is impossible in this because there is history of each and every transaction in the data base and any countries are working on this thing that corrupt people can use it and they are near to solve their concerns about it,

[Skyshark]

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 corrupted $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases. that is if we use only one currency, for example the dollar currency

I think corruption is a different topic when we talk about having bitcoin as our international currency. In my opinion, having bitcoin as our worlds currency would open more opportunities not only to the first world countries but even to the third world countries or as we can say, the poorest of the poorest.

[saenko]

that will be a huge problem for us and one of those that surely will happen is destabilization. Since we will live in a world where one currency is only accepted, i think most commodities will become unstable to the point everyday it changes prices.

I do not think that one use of one currency in the world will lead to a change in the prices of goods, rather the contrary, prices will become more stable as there will be no competition between currencies.

[michellee]

i think everything will just fine and nothing happen as long as all people in the world is agree for only using one currency. but I don't think this will work because there are too many country that want to use their own currency like today and every country want to make contribution for this world. beside that, the living cost in every country is different and how we can exchange it or buy something that has imported from the other country with high price? the poor country can not buy that product because they don't have money to buy.

[Sled]

i think everything will just fine and nothing happen as long as all people in the world is agree for only using one currency. but I don't think this will work because there are too many country that want to use their own currency like today and every country want to make contribution for this world. beside that, the living cost in every country is different and how we can exchange it or buy something that has imported from the other country with high price? the poor country can not buy that product because they don't have money to buy.

Using one currency only will be like a reset button for the world and it needs a lot of agreement from different countries in order to make it happen because if they will not become united then it is impossible for them to have a one world currency only policy. In reality and basing on the things right now, i can say that it is not worth it to wish for that because it is like a fantasy that will never happen.

[usorin]

The perspective of the existance of only one coin fist if all it hits the cuktural wall. Secondary it would be only one country or non, so it's imposuble such thing. Related to the corruption, there willl always be an interest for valuebal money/assets.

[cotton ball]

Civilizations are formed from the interests of various countries and agree on their respective sovereignty, if they impose a single currency then there will be a big problem because there must be a step intervention against the currency, In this case if bitcoin applies as single currency, then it will be more problem great because the state can not make majority arrangements.

[raven.tiu17]

There are good and bad for this it will cause corruption, governments wants to be on top they want to gain power and to get some taxes that why i have the civilization now a days. hope for the next 10 years it would be different.

[ultimatesky]

There are good and bad for this it will cause corruption, governments wants to be on top they want to gain power and to get some taxes that why i have the civilization now a days. hope for the next 10 years it would be different.

I don't see it as competition honestly. Governements people care about their national currency. It is important they can support it. For international trade i see bitcoin being the main currency. Especially f.e. If the monetary fund will support it.

[jiamileshuai]

I think it will be better, however, it is not a simple as we think. It will bring effects and consequences which is beyond on our expectation. Having one currency only for global, it has no correlation to the corruption. Corruption has been exist since many years ago and it probably will never end. It is not caused by having one currency only.

[BTCevo]

The idea of us globally using one currency is great however with that would come a whole list of other problems. The rich would get richer and the poor poorer. Any form of trading would end.

I do not think that it will happens since from the start there are always so many kind of currency. And if only this happens, many people trying to change everything they have just to get that currency will make this world turn into chaos. Let say there would be bitcoin in this world, where can people start to earn money when there is no one hold the coin and there is no bank too thst provide this kind of service here

[hurain]

i think everything will just fine and nothing happen as long as all people in the world is agree for only using one currency. but I don't think this will work because there are too many country that want to use their own currency like today and every country want to make contribution for this world. beside that, the living cost in every country is different and how we can exchange it or buy something that has imported from the other country with high price? the poor country can not buy that product because they don't have money to buy.

Bitcoin is the best example for that, As bitcoin is a universal and decentralized currency and we are using it throughout the world equally, I think this is really a very good feeling that if you want to purchase something abroad and you can pay them online in a friction of time without changing any currency into their local currency, and we can hope that in future we will be really using a single currency.

[Smarty14392]

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 corrupted $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases. that is if we use only one currency, for example the dollar currency

Going toward using bitcoin only will be a great step in the fight against corruption and bribing specially . There will be no more money to be given in cash secretly to a certain person that fills a high governmental place and such calamities will be traceable and could be used as an evidence in court to sue people for their crimes .

In a case where the government has one single account which is being used for holding and transferring into other sectors right ?

I am still trying to wrap my head around the possibilities of that, considering securities of the fund, who manages the account and how honest the body is, and even if they monitor the disbursement of fund from one party to the other using the transaction hash, until how many tree will they successfully do that ?

Probably someone with a better perspective can help out in this situation.

We can never use bitcoin as the sole currency of the world but yes it does make sense of using bitcoin as the international currency of the whole world along with paper money. Bitcoin is the only currency available at present that can give world the real meaning of global village and I am sure soon they will be used by everyone.

Bitcoin has potential to be declared as the global currency but it will take time to do so more work on its advertisement is needed and this thing will occur sooner as by seeing its popularity charts everyone is going to accept that it is kind of revolutionary thing that is influencing life of every single investor and if it becomes the global currency then world would be better place to live.

[Lpim01]

that will be a huge problem for us and one of those that surely will happen is destabilization. Since we will live in a world where one currency is only accepted, i think most commodities will become unstable to the point everyday it changes prices.

Probably it could be happen since bitcoin price is very vulnerable for changes in the market and it could affect the entire community.
If it happens that we are using a single currency, probably it could create trouble along with the consumers/users versus the investors. And I believe that government will never support this.

[Dodoymabs]

that will be a huge problem for us and one of those that surely will happen is destabilization. Since we will live in a world where one currency is only accepted, i think most commodities will become unstable to the point everyday it changes prices.

Probably it could be happen since bitcoin price is very vulnerable for changes in the market and it could affect the entire community.
If it happens that we are using a single currency, probably it could create trouble along with the consumers/users versus the investors. And I believe that government will never support this.

It could be so dificult to use one currency.If this happens maybe all our transactions would be going thru the computer.But this is really hard and need to be studied and do some wide research as much as possible.This could create a disaster if this is happening.

[Pivo]

The Central Bank would surely be the most powerful organization and the one who is sitting would surely have the power to manipulate the entire market which the governemtns would not allow since it will weaken thwir power to exercise the rule of law in its jurisdiction. The world needs different currency in each country and a universal currency which is Bitcoin.

[jatin729]

One currency throughout the world is possible but not beneficial for all countries.
like everything has pros and cons
Let's talk about pros.
1. Easier to do trade between countries for eg. in Europe only one currency Euro throughout, Trade Loc  between all countries.
2. Only one central bank who bear responsibility to rules and regulations.

cons
1. maybe country can take advantages on one world currency like if US dollar be the one than USA has more advantage and independent in terms of others
    countries.