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Author Topic: what will happens if everyone has own currency, doesn't a bad for Economics ?  (Read 503 times)
doraegun
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June 22, 2018, 12:56:02 AM
 #141

The era of blockchain has given many people to make their own currency with different visions from the Artificial intelligence, personal data, finance etc. as we know the traditional currency is very influential in society & supports economic activity around a worldwide. wel,  if everyone has their own currency doesnt this is will make everyone no longer motivated to work and will be to waste more time in front of computer. so, what do you think?


That's very bad for our economy if these gonna be happen there's no challenging in this world you are definitely true everyone no longer motivated to work all people are lazy and not only that we already suffered of hunger because no people are serve the food eat,

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June 22, 2018, 12:58:06 AM
 #142

The era of blockchain has given many people to make their own currency with different visions from the Artificial intelligence, personal data, finance etc. as we know the traditional currency is very influential in society & supports economic activity around a worldwide. wel,  if everyone has their own currency doesnt this is will make everyone no longer motivated to work and will be to waste more time in front of computer. so, what do you think?

are you talking about individual or national currency? if all nation create their own crypto currency, i think we will go back in being a centralized society just like today on using fiats, having our own crypto is like having our own fiats, you see, what makes crypto special is, the availability worldwide is limited that is why it is so expensive, it is decentralized and free from being slaved by banks who dictates when and who will get rich. unlike crypto, everyone has freedom in their wallets. free to trade, to purchase and to acquire.

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June 22, 2018, 01:21:45 AM
 #143

It might have been better if each country instead of each individual will own their cryptocurrency. Why does no one ever think of that.

It affect the market a little but at the same time adapts tonthe future of crypto.

If each individual will when a currency there will be q lot of trash around and the value of "crypto" will be lessen.
I think the government will not do that. we know that crypto is a threat to the local currency. if the government makes a crypto
currency. then it would be the same they gave a chance for their local currency to be replaced by crypto. its not gonna happen

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June 22, 2018, 04:23:22 AM
 #144

If each country has its own centralized crypto currency, I think it will not be worse from this. In any case, such an experience would be very useful to us. Seeing that the government is also creating its own crypto currency, citizens would more trustingly begin to worry about crypto currency in general. A certain experience in the general use of crypto-currency would be developed, citizens could compare the quality of centralized and decentralized crypto-currency. People could apply them alternately depending on the goal that they want to achieve in them. In general, I think that it would be nice.
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June 22, 2018, 04:40:29 AM
 #145

imagine if all of us has our own currency it will have no value, Yes we have our own currency then how is the basis of the pricing of the goods it should have only one currency for basis then how we be able to buy if our currency has no value so we should stick to a currency that has a value.

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June 22, 2018, 04:45:09 AM
 #146

It can even be good cus it will encouraged foreign trade

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June 22, 2018, 09:43:48 AM
 #147

Probably yes, I think it will result a big problem to the economy. It's really hard to recognize a huge of different currencies in one economy. It may result a trouble in making or doing transactions. Definitely it is better that we have only one type or kind of cyptocurrency in our country therefore it is easily to determine.
You forget that cryptocurrencies are an economic tool that is capable of self-regulation. Cryptocurrencies that are not popular and can not provide people with the necessary opportunities will disappear themselves. There will be only those that we need. How many of them will be 10,20 or 100 is not important.
Nicely explained. It will be difficult to do things and will create problem. Recognizing these currencies will be almost impossible and each would have different values so the exchange rates will differ a lot. Besides, the barter system like problems will appear in the economy and this will not be easy to tackle it. It is not just launching the currency; it is about how great your project backing the coin is.

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July 08, 2018, 11:46:41 PM
 #148

When each person has their own currency a means of the standard is not set since each currency is valued at a different rate, however, there must exist a standard of out which all of the coins are measured, if that is the case then the economics will eventually regulate, in this case, its bitcoin
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July 09, 2018, 02:25:27 AM
 #149

If everyone has their own currency, I make sure this is a bad thing for the economy. What I fear is that the currency does not really have value for trading and transactions. The currency you create must have a future and be recognized by the community.
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July 09, 2018, 07:15:57 AM
 #150

The era of blockchain has given many people to make their own currency with different visions from the Artificial intelligence, personal data, finance etc. as we know the traditional currency is very influential in society & supports economic activity around a worldwide. wel,  if everyone has their own currency doesnt this is will make everyone no longer motivated to work and will be to waste more time in front of computer. so, what do you think?

I dont think all cryptocurrency recognized by government. Beside that, every cryptocurrency have their own price and value because we have exchanger. Exchanger or market is important to determine the cryptocurrency have a good value or not.

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July 14, 2018, 06:17:02 PM
 #151

Yes, it is definitely bad to have a lot of contenders even if you look at the cryptocurrency  market even though there are 11000 cryptocurrencies in the market, there are only a 5 to ten cryptocurrencies which capture seventy-five percent of the valuation of the entire cryptocurrency market,   
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July 14, 2018, 07:58:54 PM
 #152

The era of blockchain has given many people to make their own currency with different visions from the Artificial intelligence, personal data, finance etc. as we know the traditional currency is very influential in society & supports economic activity around a worldwide. wel,  if everyone has their own currency doesnt this is will make everyone no longer motivated to work and will be to waste more time in front of computer. so, what do you think?
In the past there were national currencies but also many regions and even towns had their own currencies, the US before the American revolution had many currencies as well, every single state got their own and even money from other countries circulated freely, so that is not a problem since there will always be a coin that is more popular and that will be accepted eventually by everyone as the main currency to use and in our case it is very clear that spot belongs to bitcoin.



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August 03, 2018, 09:47:11 PM
 #153

It might have been better if each country instead of each individual will own their cryptocurrency. Why does no one ever think of that.

It affect the market a little but at the same time adapts tonthe future of crypto.

If each individual will when a currency there will be q lot of trash around and the value of "crypto" will be lessen.
Having multiple currencies will result in exhaustion of resources and time to produce. Especially it will be old and broken and become garbage. We should use concentrated currencies that are better than those. For online transactions or international payments, there are bitcoin and electronic money.
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August 03, 2018, 09:59:18 PM
 #154

The era of blockchain has given many people to make their own currency with different visions from the Artificial intelligence, personal data, finance etc. as we know the traditional currency is very influential in society & supports economic activity around a worldwide. wel,  if everyone has their own currency doesnt this is will make everyone no longer motivated to work and will be to waste more time in front of computer. so, what do you think?
If everyone creates their own crypto currency, there will be no point in this. This will be useless icons. Even if someone exchanges or trades with their acquaintances, it's not enough that it's a full-fledged crypto currency.
If the state creates its own crypto currency, then this centralized crypto currency will complement the national paper money and this will be useful for the whole society as a whole.

Hold good
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August 03, 2018, 10:39:34 PM
 #155

The most important thing is that the money is socially accepted and uses it. If a coin is developed but no one accepts and uses it then it will be destroyed.
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August 04, 2018, 12:14:58 AM
 #156

The era of blockchain has given many people to make their own currency with different visions from the Artificial intelligence, personal data, finance etc. as we know the traditional currency is very influential in society & supports economic activity around a worldwide. wel,  if everyone has their own currency doesnt this is will make everyone no longer motivated to work and will be to waste more time in front of computer. so, what do you think?

I think as long peoples doing economy activity like buying and selling goods and service, its dont bad for economic. Peoples can pay with crypto because when government issuing regulation, crypto transaction are taxed.

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August 04, 2018, 03:51:33 AM
 #157

If practically every private person has his own crypto currency, this will not affect the economy of the state, since such a crypto currency will not play absolutely any role and will be absolutely useless signs. It will in fact not be used anywhere, since it will not be necessary for others. Therefore, there is no sense to spend time and money on it.

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August 04, 2018, 04:07:37 AM
 #158

99% of all the alt coins and ethereum tokens have zero real world value and the sole purpose of these new ICO's is to make their developers filthy rich overnight. The utility of these coins is very limited or non-existent and after a quick pump & dump scheme they fizzle out and die. Nowadays anyone could just flip a switch and launch a crypto asset for the most ridiculous reason ever with minimal expenses. Does it help the economy? No. It helps to enrich a certain group of people  Roll Eyes
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August 04, 2018, 04:37:49 AM
 #159

It might have been better if each country instead of each individual will own their cryptocurrency. Why does no one ever think of that.

It affect the market a little but at the same time adapts tonthe future of crypto.

If each individual will when a currency there will be q lot of trash around and the value of "crypto" will be lessen.
Lol, I think this is a stupid question. the rate of the currency will depend on demand as well. if everyone has own currency what about the rate and you are right of course there will be lots of trash everywhere. it is impossible to happen. currencies will be in every country and it's already a good system

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August 04, 2018, 05:21:47 AM
 #160

I think the country has the authority to use it's own currency for internal use but for international transaction they must us the international currency like now the dollar is uses for international use and it is good to have the command of the crypto currency.

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