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

[popster22]

I think Bitcoin is already  Globally  accepted by Other Countries as you can see Asians or American's are using Bitcoin now.

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[maarx]

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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?

Really appreciate your move here. There is a possibility but it would take decades to have bitcoin as a common currency to be used worldwide. But authorities would not led bitcoin rule over their local currency as local currency has been its major supportive from the day one. Heavy competition is already in place. So lets see.

[raven7886]

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 possible if government will also allow it to happen in their country since not all of the countries do really like bitcoins because of its growth that cannot be easily controlled.

Government allowing it to happen in their country does not mean they will allow it to take over the centralized fiat system.
You think governments all over the world will want to give up their currency for a decentralized digital currency ?

You better think again, because that is a total level of impossibility. Sure, we may get to see regulation and adoption of cryptocurrency with each country playing its own role the way she best fit, but it would only be in par with the normal currency and I see this space ending more like stocks in the long run.

[Lorence.xD]

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.

Everyone is dreaming to such a thing, one world,one currency. But the present status is other wise. We are from different country of origin,with its own Governing laws to follow. We are leaving separately, divided by water,by region, by our own belief and different currency. The entry of crypto currency in global market trading as its presented as it is an alternative currency vs FIAT for its global transaction experience a lot of resistance, plus the issues on Banned,Scammer,Regulation whether or not they will allow crypto currency transaction without FIAT. I am looking forward though that the said issues were address and crypto currency transaction will be globally accepted.

[Risktaker31]

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?

There won't be a single currency around the world where anyone can use it. Because fiat money are sometimes known to be legacy of the different country and sometimes it is the national treasure or identity of their country.

[1Referee]

I see this space ending more like stocks in the long run.

That's the most likely scenario, but the thing with Bitcoin is that we don't depend on just one aspect, and that alone makes Bitcoin a very powerful tool. In the end, with how professional parties will take over this market and the stability they bring, it will incentivize people to actually start using it as currency, and that's something people here don't yet think about.

The only thing we see people say is that Bitcoin is slow, expensive, volatile, etc.

All these aspects are part of an emerging market that yet has to make a complete transition. We can't expect a market filled with idiots and get rich quick noobs to become stable. Professional parties, which happen to be mostly conservative, will take over the major part of this market eventually. If you add that exchanges will be subject to very strict regulations, similar to what rules stock markets are subject to, extreme volatility will no longer exist.

- Bitcoin's investment aspect will flourish, although it being in a much slower pace later on.
- Bitcoin's store of value aspect will flourish.
- Bitcoin's currency aspect will flourish.
- Bitcoin's use as high value transaction tool will flourish.

Small transactions creating high volumes will be dealt with through LN, and the rest of the high value transaction will be dealt with on-chain. Solid.

[Daniel91]

I don't think it's realistic idea.
For something like this we will need one world government, one central bank and one country.
Currency is an important part of every national sovereignty and also average people like idea to have own country, nationality, currency etc.
This is not an idea for our age.

[mackenzie5]

Bitcoin can be useful as a common currency world wide mean time it will be essential to maintain the local currency as well to maintain the economic balance of each country.For the concept of a single currency world wide means it will be a time consuming one to come up to that standard for the global community.All countries in the world are not maintaining the same living standard and the education systems it will be impossible to handle the single currency system though the bitcoin is the most powerful currency in the world.

[Larrymili]

It is not possible to use a single currency in the whole world, even if it will be possible it will be bitcoin and it will have to under go so many development because bitcoin is for educated and smart people

[Konthol Ngaceng]

Every country must have uniqueness and problems in transactions, if the world uses a single currency then this is not fair for a third country because that regulate and control the money of course is a strong country so I do not agree to the world using a single currency.

[TonyFat]

I do not think that this is possible, people in different countries have different thoughts and different goals, one currency is not profitable for them

[umar22pk]

Till now all countries want to use their own currencies and it’s difficult they agree on one currency.
But it can possible in near future they all together on crypto platform, and if it happen than bitcoin & ethereum will make a big contribution.

[supine]

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 believe that it is possible because we all know that our technology these days is already advanced. I think it would really just take time for us to have a single currency because there are still lots of things to consider. Educating people about crypto matters as well specially nowadays that people are into digital currency but there are also people around us who don't have any idea about it.

[wireless1889]

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?

Nothing is impossible and it is applicable to this idea. Since we are diversed by continents and countries and etc. We have our own cultures beliefs and everything including currency. Maybe in the near future governments will legalize bitcoin for the greater good of all and for the innovation to currency they will make it as a universal currency for all to use since it is known throughout the world it is possible for this to happen.

[Tomborneque_1102]

well, if we are looking forward to seeing Bitcoin as the main currency in the whole world, then all the people must have an Internet Connection in their Houses. and all of the transactions will be done electronically. that means we must require even the homeless ones to use Bitcoin as Currency. Not unless Bitcoin will become physical money and can be used by anyone.

[Dudeperfect]

Bitcoin is already a global currency but when it comes to the using single currency, I don't think that any cryptocurrency suitable for that job as of now because we don't have high literacy level on a global scale when it comes to the technology and thus most of the people would not be able to use any digital currency. On the other hand, there will be people always prefer using fake currency is it that you are the advantages of cryptocurrencies. Thus, it is not the right time at the right time to think about implementing single currency system.

[Rustamm]

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 do not think that bitcoin can be used as a single currency under interstate trade agreements. The reason for this is the same high volatility of bitcoins. International agreements are concluded well in advance and before practical implementation takes some time, sometimes even very significant. If during this time bitcoin will rise very strongly in price or vice versa, it will fall much, one of the parties will suffer big losses. Will these countries be able to play roulette with bitcoin for a long time? And why do they need it?

[kokorotomoto]

I think it is impossible, if the whole world uses a single currency. I think many countries are experiencing economic crisis.

[ene1980]

I think it is impossible, if the whole world uses a single currency. I think many countries are experiencing economic crisis.

It is not that impossible for bitcoin to be the single currency traded around the globe, here most of them think that you need to replace the fiat currency, that is not possible but anyone can trade bitcoin throughout the globe and it will be the currency being traded worldwide in a few years.

[3la9l_kolbaCa]

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?

Yes that would be possible to happen and for sure it is a single way transaction in different way. As of these days we use fiat but many people use bitcoin for any transaction will do. It could be an online buying, paying bills, home credit and others. It is very acceptable at this moment and in the pass years because it uses in different areas. All I know bitcoin is the most and commonly use globally.