One world currency, on the blockchain

[Afnan_faizah]

I heard many countries are try to embrace blockchain technology. I think they will create their own cryptocurrency that they can control by make certain regulations of cryptocurrency usage in those countries. Government actually try to reduce paper money usage. Their bank create a product called credit card. We are gradually become cashless society. Thats why they afraid about bitcoin because the only one who can control it is its users only.

[1714157478]

1714157478

[cccarnation]

To be honest I don't see much sense in world government creating cryptocurrency that will nearly just like the usual currencies (as TS described it). Cryptocurrency was created exactly for making financial operations without banks or governments interruptions, to bring it out of their control. So why would the world government create it's own cryptocurrency especially it will have no differences from usual fiat currencies?

[RavRider]

This will be always a dream. It owuld make so much things on the world easier. But as long as people draw boundaries, they will exist differnce currencies on this planet. They are many gouverments who dont want to play at the same side with other countrys and will never accept. So thats why i think that this would never happen. Even if the Blockchain and crpytocurrencies will permeated, their will be different cryptocurrnecies, each for every country of the world.

[Crytptohack]

To be honest I don't see much sense in world government creating cryptocurrency that will nearly just like the usual currencies (as TS described it). Cryptocurrency was created exactly for making financial operations without banks or governments interruptions, to bring it out of their control. So why would the world government create it's own cryptocurrency especially it will have no differences from usual fiat currencies?

B/c they would be able to track every transaction and it is a way for more control over people which is essentially what they want. (The way they think is that it will be good for everyone and that is what they will sell to the masses, ease of use just like a visa card) When you travel internationally, you do not need to do an exchange to another currency, you do not need to worry about taxes as they will be automatically deducted from your digital paycheck.

They would be able to detect money laundering, illegal and suspicious transactions, investment gains,etc...

[reck1ess]

I can imagine that in the far future, a government based blockchain currency that is declared worldwide. This may be around the time a one world government is put in place, but this will not happen within our lifetimes. (If it ever does)

I'm not much into conspiracy theories, but I think it can theoretically happen. With a digital currency, you get paid with it and transfer it for everything that you pay for. Governments would be able to track every transaction and they will automatically deduct taxes. (I'm sure the tax code will be modified quite a few times by then)

Governments would be able to shut down payments from certain wallets, like if you were under suspicion of a felony and have not turned yourself in. Similar to what Julian Assange experienced when visa/mastercard/paypal donations were cut off.

There are other anonymous digital currencies where one can survive without the Gov backed blockchain that I'm sure will be used extensively.

Just thought it was an interesting topic and thinking off of the top of my head...

It seems like there is one controlling everything and it is like the end of the world. It is something like on the book of Revelations, well everything is possible and it might happen. It would be very hard if everything is controlled by someone for there might be no free will if that happens.

[Scallywag]

the good thing is that the technology is here , which wasn't imaginable 10 years ago. but there are a lot of factors that come in to play , every company and government will want there hands in it.

[ylnar123]

To be honest I don't see much sense in world government creating cryptocurrency that will nearly just like the usual currencies (as TS described it). Cryptocurrency was created exactly for making financial operations without banks or governments interruptions, to bring it out of their control. So why would the world government create it's own cryptocurrency especially it will have no differences from usual fiat currencies?

If the world government create their own cryptocurrency then this means that they are accepting crypto as part of the society and somewhat credited as another means of income for their people. So it would be great for the community to have cryptocurrency circulating and operating in their field that could give boosts financialy.

[thrylos]

This is actually an interesting topic and it would be great if this will happen in the future times. This is not impossible in my own opinion  ,if we are going to make an analysis on how the money evolve from the past it is really I interesting on how it evolved until it became better in this present world. Now bitcoin was discovered and while others are welcoming it there are also making an opposition but the good thing that bitcoin has compare to the characteristic of our traditional money and way of transaction is far greater than this so no doubt that this will be our future.

[South Park]

I can imagine that in the far future, a government based blockchain currency that is declared worldwide. This may be around the time a one world government is put in place, but this will not happen within our lifetimes. (If it ever does)

I'm not much into conspiracy theories, but I think it can theoretically happen. With a digital currency, you get paid with it and transfer it for everything that you pay for. Governments would be able to track every transaction and they will automatically deduct taxes. (I'm sure the tax code will be modified quite a few times by then)

Governments would be able to shut down payments from certain wallets, like if you were under suspicion of a felony and have not turned yourself in. Similar to what Julian Assange experienced when visa/mastercard/paypal donations were cut off.

There are other anonymous digital currencies where one can survive without the Gov backed blockchain that I'm sure will be used extensively.

Just thought it was an interesting topic and thinking off of the top of my head...

The problem with that scenario in which there is only one currency is how the governments of the world are going to first agree to that, except of the euro and some countries using the dollar almost every single nation has their own currency also bitcoin is already here so they will need to kill it and even if they did how are they going to stop people from creating their own crypto.