what will happens if everyone has own currency, doesn't a bad for Economics ?

[aamirsuh]

Economies are bad because we consume constantly. We consume extra. Because someone constantly want to earn more. There are many people who want to earn more than they need to live. Blockchain can't change just about anything. But it can help us for a more transparent currency scheme. Not all big companies need to print blockchain-based money.

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[Findingnemo]

Economies are bad because we consume constantly. We consume extra. Because someone constantly want to earn more. There are many people who want to earn more than they need to live. Blockchain can't change just about anything. But it can help us for a more transparent currency scheme. Not all big companies need to print blockchain-based money.

Cryptocurrencies get value only if it gets demand so any coin without demand will be worthless but its still can be transacted by paying the fees which is unnecessary by the way.Already one of the biggest company called facebook is in the process of making it so possible lot more to come if they get succeed which greatly affects the fiat value so it is not going to be possible.

[Shasha80]

In my opinion every person or even every country has their own cryptocurrency will not adversely affect economic conditions.
Due to the current condition, almost every month new cryptocurrency is created, some countries have even begun to create it
their own cryptocurrency. Like the country of China now they decided to support the blockchain and make their own coins.
But now the economy is not become bad with lots of cryptocurrency scattered, because not all cryptocurrency has a high demand.
If cryptocurrency there is no demand, then the volume will also not exist, it can cause be dead coins.

[angryswamp]

It wouldn't be terrible at all, as we'd extend the blockchain age to what all blockchain ventures really requires. But we cannot put aside the mainstream economy, as all of these projects on a high level more or less depend on it, as if it was impossible to trade it for the fiat i doubt that anyone would be using crypto. Hopefully in the future all these economies can coexist together and make the world a better place to live in.

[Hilsgort_T]

It seems to me that the more different currencies appear, the more confusion. I think that in the future this situation will be resolved somehow. It is impossible to prohibit the creation of new currencies, and it’s wrong, but we can decide which currencies to use in certain cases and which not.

[criza]

When basically every private person has his own crypto currency, it won't affect the state's economy, as such a crypto currency won't play any role at all and will be completely useless signs. It's not going to be used anywhere, because it won't be needed for others. Therefore, wasting time and money on it doesn't make sense. The better thing is to use what is out there already, especially if it's btc

Because, the demand for a specific crypto currency is what makes it valuable, if no one would care to buy someones crypto currency it is useless. Like any other crypto currency, if the demand for a certain digital currency is high its supply would decrease and the price would pump. But, it is not bad to have your own crypto currency, I too, would want to make one someday even if it is just for me.

[olumyd]

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?

IMHO, I think it's simply a convergence of mainstream-like financial instruments. But the currency you're talking about can be seen in form of both platform utility and actual money.

You need the asset to act as a utility to use the blockchain-related product.

Secondly you need the asset to act as "shares", hence the financial instrument part.

But when two parties agree to trade or exchange such currency, it could seem to have a medium of exchange value. So in the end it really doesn't matter if everyone has their own currency, what matters is the value they bring to the table, either as a tech, financial speculative instrument or as a medium of exchange.

[HarmonyA]

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?

Creating of various cryptocurrency  without functional products is the reason why the market is filled with shit coins,  and fraudsters using the opportunity to scam gullible investors by creating scam coins.
I want to say that everyone cannot create cryptocurrency,  if it happens regulations will be stiffer,  in order to deter people from flooding the crypto space with crypto.

[sujon5]

If everyone launches own currency, most of these currencies will cost almost nothing. So it will be a disaster for the economy.

[wack slacker]

The nature of money represents the material and currency used for exchange.  The more valuable currencies are, the more people use them.  If everyone had their own currency, the world economy would be meaningless.  Therefore, the development process of the world brings us to the current development stage.

[Twentyonepaylots]

It wouldn't be terrible at all, as we'd extend the blockchain age to what all blockchain ventures really requires. But we cannot put aside the mainstream economy, as all of these projects on a high level more or less depend on it, as if it was impossible to trade it for the fiat i doubt that anyone would be using crypto. Hopefully in the future all these economies can coexist together and make the world a better place to live in.

It wouldn't affect economically but it is needless. Diversity is fine and all, but too much of something is too bad. And if everyone has their own type of cryptocurrency then their money won't be worth anything at all. It can't be used for purchases, trades are gonna be much harder. And the economy of the cryptocurrdncy world will saturate. Leading to adverse effects on leading coins in the market. So it's fine that we have numerous coins to choose from, but not to the point where everyone has their own cryptocurrency.

[jhontwis]

Not everyone can take out their own currency. It's a strange situation, but we'll go back. We'll be back, guys. We start trading with barter. Olive and wheat tokens may be released. I think a funny situation will arise.

[abeecrypto]

E veryone can't have their own cryptocurrency. It's all imagination. But if it's possible, it won't be nice. Not because it could affect the economy but that there would be so many coins littering the whole crypto ecosystem. It's funny to imagine though.

[atjiat]

There can be a lot of unique cryptocurrencies, because each person who has the appropriate knowledge can create his own project and his own cryptocurrency.  But all this will be rubbish if these cryptocurrencies are not of great interest to society.  Those cryptocurrencies that will be claimed by man in everyday life will be appreciated.  Even the current situation with the largest number of cryptocurrencies boils down to the fact that they invest the most in cryptocurrencies because of the opportunity to earn thanks to the volatility of cryptocurrencies, and few people worry about the future prospects of a particular coin.

[Ludmilla_rose1995]

If everyone has their currency then the money is of no value because anyone can create it. that means, it's the same in a world without money. You surely know what happens if the world no longer needs money.

[Captain Corporate]

 I mean everyone CAN have their currency, its not really that hard, you can literally just print one whenever you want to, or if you want digital just create one if you want to. The deal is not the fact that everyone can't have a coin of themselves, the fact is that how would you actually get it accepted? Look at the current altcoin system for example, there are literally over 3 thousand coins made so far in the world, probably more but 3 thousand we know of, and only 5-10 of them get accepted somewhere decent, sure there are ones accepted in very very limited places but only like top 3-5 of all coins are accepted widely and only bitcoin is adopted properly. So yeah, anyone can have their coin, they can burn it when they feel cold because thats all it would work for.

[Blackdeath]

In my own point of view, if everyone has their own currency and making their own paper money or virtual money, therefore it has no value at all and there are no such thing are rich and poor because how would you exchange goods and service from it, if it doesn't have any purpose and value at all.

[btccashacc]

You know what there are so many people out there who tried and developed their own cryptocurrency but guess what? most of them are failed, no one was interested to buy their coins. Creating cryptocurrency it's not easy as people think, you can create your own but the value is determined by the demand and supply, so no need to worry about that it is nothing to do with the economic, the coin who brings benefit to the community will succeed.

[Triffin]

E veryone can't have their own cryptocurrency. It's all imagination. But if it's possible, it won't be nice. Not because it could affect the economy but that there would be so many coins littering the whole crypto ecosystem. It's funny to imagine though.

It is not possible at all people can not make their own coin because it needs experts mind and planning if you are not expert and you have no idea what actually the crypto is how you become able to create your own. It will not be applicable to have so many Alt coins in market it will strictly effect our economical state of crypto coins that we have to get profit and people may lose so much amount of money in this regard.

[GideonGono]

E veryone can't have their own cryptocurrency. It's all imagination. But if it's possible, it won't be nice. Not because it could affect the economy but that there would be so many coins littering the whole crypto ecosystem. It's funny to imagine though.

It is not possible at all people can not make their own coin because it needs experts mind and planning if you are not expert and you have no idea what actually the crypto is how you become able to create your own. It will not be applicable to have so many Alt coins in market it will strictly effect our economical state of crypto coins that we have to get profit and people may lose so much amount of money in this regard.

That was too bad for the economy and that was taking a lot of time before creating if all person does have their own money. How the value of it make sense? If the country do have own crypto then that was too normal because every country do have their own currency and it was only like a fiat into a crypto.