What will happen if we use a one currency only?

[rhodelmabanal]

Its like were having one language at the same time. We can transact money internationally and send abroad. We could use it as a access pass in other countries.

[Labay]

Yes, this is the reason why every country has a different currency, the currency in one country is not answered and problem by other country if one of its citizens make an illegal, its hard if you use only one currency but its eqsy because if you travel to other places, its not hard to exchange for the money that the country accepts

[Thejesusofcrypto]

I think there are a lot of valid view points here.

Corruption is a big deal.

I think the struggle with adoption will make most of the currencies that we have now obsolete. Everyone wants to be a millionaire but it takes money to make money and you can only stretch it so far. Place you bets wisely and understand that sometimes you have have to lose to really win. Invest smart and confidently.

[aizen10]

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

if that happen, the price of that currency will grow much. one currency for whole world it so very difficult to think/provide, because government will also provide more currency of $ to be use of all people all around the world. its more difficult that you expected to implement your idea.

[ckorbba]

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

if that happen, the price of that currency will grow much. one currency for whole world it so very difficult to think/provide, because government will also provide more currency of $ to be use of all people all around the world. its more difficult that you expected to implement your idea.

If humanity will use only one currency, then it seems to me that every person will have a lot of opportunities and there will be a comparison of all countries in the economic sphere. Perhaps this will be even the best scenario, but I'm not sure about it.

[Hasbro27]

I do not think that's possible, because it will affect the whole world if we only use one currency, because according to the currency pocket also includes the identity of the country, so not mengkin applying one currency only.

[SirLancelot]

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.

The danger of corruption will be carried out by proper check and balance on conversions and transactions and this will allow the clean and clear investment, if whole world will start using one currency there will be no economic crisis anywhere in the world and every country will be stable and, bitcoin is solution to the problem and it will be implement in future,

[zeaderza]

I do not think that's possible, because it will affect the whole world if we only use one currency, because according to the currency pocket also includes the identity of the country, so not mengkin applying one currency only.

Well it seems difficult at present but not impossible. If the whole world can be declared as global village then why we cannot use a single currency.

Single currency will resolve so many problems such as taxes on transactions especially international ones, conversion of currencies into one another etc. There will be no need to understand the differences between different currencies.

[Bit Log]

i think it'll be easier, since all of the countries will be using one currency, so trading will be easier than now. cheers brother !!

Yes that's true, but the level of economy of each country is still matter. Like third world country and a first class country, If they have the same currency, all those who are in poor countries will migrate to the rich countries because of low cost of living.

[malikusama]

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

It will be the worst idea, the economy of the world will collapse. Because not all the countries are on the same level, there are some rich and some poor countries too, in order to make a single currency all the countries should be on same level otherwise poor countries will suffer a lot. There will be no trading of currencies and so there will be no exchanges, and also a single authority to print and control currency for whole world will be a mess.

[greeklogos]

Corruption will always has place to be till government will not accept any strong methods to it's removing. But corruption exists mostly in governments structures and not so many politics decide to work against of themselves and their colleagues, so corruption is generally blossoming.
I wouldn't love to American dollar would take as the one currency, it's going to be the greatest support for the US. The same with any other currencies. Bitcoin should be taken as the one international currencies, cause of no one own it and all countries will be in the same rights for this currency, so there is not going to be someone better and powerful against other.

[majeed]

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.

Using one currency does not mean that the bank will control this currency. Don't you think that bitcoin or another cryptocurrency will become the only currency in the future? When it happens, banks will no longer exist on our world and the people will be their own bank. The world will be a better place and people can easily travel to other countries without worrying about converting their money to the local area currency. Everything will be faster and it will take less than a minute to transfer money from place to place

[wawanzxc]

Fortunately it's just a possibility. But if this is going to happen it can be dangerous. It will be a lot of unemployment, poverty, hunger and malnutrition. It's just my assumption that maybe other people also agree with me

[Xester]

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 do not think that will ever happen.  No one will do it and the US will not let it happen.  All prices or commodities when exchange to other countries were based on usd.  When you import or export, it is like all have equivalent to US currency.  But we are lucky to experience that one currency through bitcoin.

[AngelSky]

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 do not think that will ever happen.  No one will do it and the US will not let it happen.  All prices or commodities when exchange to other countries were based on usd.  When you import or export, it is like all have equivalent to US currency.  But we are lucky to experience that one currency through bitcoin.

Now world economy is based on the USD.One new technology was came to replace that.It's none other than our beloved Bitcoin.But take some more time to replace the dollar. Many country try to abolish bitcoin from their country. But it was not even possible. Even U.S tried this, but unfortunately it was not possible.

[bling-bling]

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

The one world currency is part of a long planned world domination by the illuminati. When they get control of the currency,  they will control the world. 😒

[palle11]

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

The one world currency is part of a long planned world domination by the illuminati. When they get control of the currency,  they will control the world. 😒

I guess more like the end of the world. Unification would make the world monotonous and moving in one direction.

Anyway, I don't see the possibility of using one currency worldwide except the world is ending as described in the bible.

[Mahanton]

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

The one world currency is part of a long planned world domination by the illuminati. When they get control of the currency,  they will control the world. 😒

I guess more like the end of the world. Unification would make the world monotonous and moving in one direction.

Anyway, I don't see the possibility of using one currency worldwide except the world is ending as described in the bible.

Not only on Biblical aspect but also having one currency wont really be possible no matter how we do such thing knowing that All countries do have their own sovereignty and there would really be showdown of power and wont really plan to have a unite currency because they will surely accumulate as much as they can because the more of it the more powerful it would be.I cant imagine on how these things actually works.

[Kray]

Countries will be dizzy to tackle such corruption cases. that is if we use only one currency, for example the dollar currency

the country will also be dizzy when they have to read your thread purely translated from google.
if we only use one currency around the world then centralization will happen whether desired or not there must be an institution to regulate the circulation of so much money, then if something regulate it there will be a monopoly and monopolize. and if we look at the economic differences in each country, it’s a difficult thing to do because the economy of each country requires different treatment.
 

[Dart18]

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

There is an "if" so it should be answered regardless if it may happen or not.
I guess that is a dream of one who have the kindest heart of all. It is already telling that there is world peace of ever there is one currency being used or circulating.
You just talked about the corrupts but there are bigger things that it will do when there is one currency. No more looking who is the strongest country since they are all looking forward to telling other countries they are strong by means of currency value.