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Author Topic: Can it be possible for the whole wide world use a single currency?  (Read 986 times)
Zhagedu
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April 28, 2018, 12:37:33 PM
 #1

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
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pey
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April 28, 2018, 01:08:29 PM
 #2

No currency issued by a country can be single currency to me but bitcoin fits that though countries still use their currencies, bitcoin is used by everyone.
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April 28, 2018, 01:20:13 PM
 #3

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
cryptocurrencies such as bitcoin and ethereum are the most suitable global currencies used in transactions. so we do not have to bother to go to the money changer when we are abroad. but unfortunately, some countries refuse to make transactions using cryptocurrency, whereas using cryptocurrency is efficient, safe and easy.
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April 28, 2018, 01:42:37 PM
 #4

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
As a matter of fact bitcoin is being used globally and is a currency as well so there isn't any other currency required for that use. But the only problem with bitcoin for governments is that they can't control bitcoin due to its decentralized nature and it's a pretty big deal for them.

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Daniel91
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April 28, 2018, 02:03:03 PM
 #5

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

I really don't think that bitcoin can become main global currency, replacement for other currencies.
You see, if you pay for some service with fiat money, and somebody deceive you, you can complain to the authorities and you will receive your refund eventually.
With bitcoin, you can't find out real owner of btc wallet and can't complain to the authorities and request refund.
Because of it, banks or financial institutions will never accept bitcoin for their business.
Bitcoin have future only as alternative to the traditional money.

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April 28, 2018, 02:05:07 PM
 #6

Bitcoin as a single currency will be a good idea. It can bring bad effect and can also bring good effect.
But doing that, will not be so easy. Because some country are not satified in bitcoin, because of its quality, of being volatile. It can bring big change in our economy. It is a long process, lets just wait and see, for now lets all enjoy bitcoin and support it.

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April 28, 2018, 04:15:13 PM
 #7

Bitcoin as a single currency will be a good idea. It can bring bad effect and can also bring good effect.
But doing that, will not be so easy. Because some country are not satified in bitcoin, because of its quality, of being volatile. It can bring big change in our economy. It is a long process, lets just wait and see, for now lets all enjoy bitcoin and support it.
You wrote a lot of text, but said pretty much nothing. Bitcoin as a single currency is an awful idea. It would collapse economies all around the world, there would be nothing to measure it against, and not to mention not everybody would have access. That would fragment the world wide markets and for that reason it can't happen. Alternative it will be, like gold is to fiat and we should all accept this. Doesn't mean though that Bitcoin can't one day reach a 6 or 7 figure price line.

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April 28, 2018, 04:32:33 PM
 #8

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

Whatever it is, absolutely no! Using a single currency type will cause many economic problems to arise. Trade done on the world will fall and many countries will suffer economic collapse. For that reason, not all countries can use a single currency or crypto money type. In case of use, all people will face very serious financial problems.

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April 28, 2018, 07:52:08 PM
 #9

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

I can see it but not yet. One crypto to be the universal payment currency. I mean why not, but not anytime soon at least.
It is certainly better that to change fiat money wherever you go...
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April 28, 2018, 08:05:17 PM
 #10

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?


I think it is possible but it would take too long. As for me, it will happen in a generation where all people are depending and have enough knowledge on how to access the internet. Through that, we will have a change to have a single digital currency than would make things easier and more convenient.

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April 28, 2018, 08:18:17 PM
 #11

Confidence is what makes the currency has a place in the world.
bitcoin has gained a place in the currency world in recent years, but nevertheless, these currencies fail to maintain its value due to large fluctuations.
I predict that these currencies will be a safe haven and an alternative to gold in everyday life, but I do not expect to use Bitcoin for daily payments soon.
So the answer is no, despite the fact that bitcoin can be divided into small parts but the limited number will make it very scarce like diamonds.

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April 28, 2018, 08:21:51 PM
 #12

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?


I think it is possible but it would take too long. As for me, it will happen in a generation where all people are depending and have enough knowledge on how to access the internet. Through that, we will have a change to have a single digital currency than would make things easier and more convenient.

   People will use Blockchain, Bitcoin, Ethereum, Litecoin are built on Blockchain.
People will use all crypto-currencies. Why people still doubt in that outcome?
    There isn't enough Bitcoin's for everyone. In future it will be difficult to get to
Bitcoin's, there is a limited amount as we all know. There isn't more of Litecoin's
and Ethereum's, I think they will be rare coin's on the market, but there will be many
other's, every brand will have it's own token, big brand's will posse's chain's.
   One currency can't make economy easier. What Blockchain is doing is digitalization
of asset's, every asset will have digital signature, but you will be able to trade with
only with Bitcoin





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April 28, 2018, 08:55:28 PM
 #13

I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?

It is not too clear whether you mean fiat or cryptocurrency. But unifying currency as a single currency won't really be workable and it will make the best world very monotonous.

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April 28, 2018, 09:54:11 PM
 #14

to be honest I don't really think that would be a good idea. Sounds mighty Orwellian to me. Even if the only currency was bitcoin! Its a myth that BTC is completely anonymous! if you are not forensic in your interactions with your wallets you can almost certainly be traced!
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April 28, 2018, 10:08:16 PM
 #15

I think yes but not now. People aren't ready for such sudden changes. In the future, I believe that crypto currency will be the only one or the leading currency used by everyone

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April 28, 2018, 10:20:27 PM
 #16

if it becomes a global single currency it will be very dangerous for the whole world because just a few would have the control of the entire market and the entire single currency by being a monopol
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April 28, 2018, 10:23:36 PM
 #17

I do not think that would happen if bitcoin as a single money around the world, because every country will defend its own money.
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April 28, 2018, 10:47:33 PM
 #18

Don't be stupid. Did you even put some thought before you wrote this? The total bitcoins that can ever be mined is 21 million and there are more than 7 billion people in this world. Even if each person has half a bitcoin, it won't be enough. Anyone who needs to use bitcoin needs to have a computer, an internet connection and basic knowledge of bitcoin.


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April 28, 2018, 10:52:31 PM
 #19

It could be possible, we don't know yet what may happen in the near future. There are certain turmoils and misunderstanding s right now around the globe. When people have problems dealing with each other, they think of solutions that could solved it and it is the same in the business industry. I hope we could be at that moment, the moment people around the world will be united and using one currency only.

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April 28, 2018, 11:09:24 PM
Last edit: April 29, 2018, 08:20:18 PM by Hydrogen
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 #20

Quote
Can it be possible for the whole wide world use a single currency?

A heavily centralized currency built around a monopoly?

A number of competing currencies could be preferable.

Bitmain having a monopoly over the ASIC market could have strong parallels to a world forced to utilize a single currency. Likewise microsoft's monopoly over the OS market, google's monopoly over search engines, banks having monopolies over many markets leading to industry wide stagnation and a lack of innovation for spanning decades.

AMD versus intel and coke versus pepsi could be a better abstract for currencies. Competition offering consumers better options and terms, while fueling industry wide progress and innovation. Two or more currencies could achieve this, while one currency could be prone towards a zero incentive atmosphere where there is no effort made to improve as there is no competition from which to draw useful comparisons.

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