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

[Andrews193]

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.

Of course, a country with big economies and research talents, it is very normal for them to create their own currency, which will unify the domestic transactions but if every individual can create their own currency, it's really bad, that looks like we're living on a worthless landfill, there is no unity and I can not know how that country will operate when everyone has a separate direction. But as many people have said, creativity is easy but applying is not so, government needs regulations, they can't let people work and create that freely

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[Bagaji]

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.

Is there any different between everyone creating coins and  all the shitcoins (ICO) that are coming out on a daily basis  milking investors money? I see no different, and is not good for the crypto space because that is one way scammers use to make themselves money.

[CarnagexD]

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.

Creating a shit coin is definitely the last thing you would want to do as a cryptocurrency investor. Most especially nowadays when people are much more focused on established coins on the market. It'll also oversaturate the market which is definitely bad for the ones that are already put up on the market.

[wack slacker]

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.

Creating a shit coin is definitely the last thing you would want to do as a cryptocurrency investor. Most especially nowadays when people are much more focused on established coins on the market. It'll also oversaturate the market which is definitely bad for the ones that are already put up on the market.

Take a look at the current crypto market.  There are so many different types of tokens and cryptocurrencies.  Most of them have zero liquidity and only a few have good liquidity and are frequently used by people.  A currency needs a history to create value.  The same goes for cryptocurrencies and it's even more complicated.  In addition to being in circulation they also need to be recognized and have a strong development team.  A country's fiat currency is run by governments and banks that help keep them in circulation.  Cryptocurrencies will be a lot harder because they are founded and operated by private individuals.  So to say that every individual creates different currencies and exchanges them is a crazy idea.

[target]

Everyone can create a coin of their own and just allow a few people to use it privately in their organization alone and so just give a value of it between them. Like I'm a local store and will just accept my own coin for easy audit reason using blockchain I guess and will allow my customers to download my store app to pay me. I don't think it will affect the economy, it will only affect if its added on cryptocurrency markets.

[OwnCurrency]

It is very good that the topic of own currency is so actively discussed!

Most objections are that a lot of currencies will lead to a lot of confusion and complexity.
The second objection is the incomprehensible reason. What for? Why produce shit that won't cost anything?

There are simple answers to all these objections. But first, the main thing. What for?
Answer: OWN CURRENCY - BASIS of personal sovereignty!

Other objections include the following answers.
There will be no confusion and complexity. Own currency will not have circulation between all people and issuers it will not be necessary. Issuers will only need to circulate their currency between them and the actors of the new financial world, exchange services - which will be involved in transactions when the issuer wants to buy something in its currency from a seller who wants to accept fiat, a known cryptocurrency or also its currency as payment. Thus, the issuer and the actors of the new financial system (who will earn on conversion) will have their own currency.
In order to make this possible, of course, issuers will have to provide real value to their currency. If they don’t do it, their currency will not be interesting to the actors, and it will turn into shit. How issuers provide the value of their currency, professionals in the new market will also tell you.

 Blockchain will ensure the competition of actors for each issuer. Actors of the new financial system will pay far more respect to issuers than traditional banks. And this is good. OWN CURRENCY - BASIS of personal sovereignty!

[HarmonyA]

I figure this sort of world would empower new sorts of installments and an additionally enabling sort of credit framework. An individual token could work a ton like credit, yet where every individual had greater chance to improve their credit and control its usefulness.

[Ozero]

The appearance of each own cryptocurrency does not make any practical sense. Money has always represented, and will continue to be, an actual replacement of material values. Therefore, cryptocurrency can often be considered one of the types of securities. Everyone can create their own cryptocurrency, however, it will not be of any value. We already see this on the example of many new tokens. Such a frivolous approach to the creation of cryptocurrency does her great harm, since it allows her to be considered as unsupported digital symbols.

[FanatMonet]

I really hope that this will never happen, because this will be a huge amount of chaos, it is clear that the vast majority of such cryptocurrencies will not have any value at all and will only clutter various forums, observers and much more with its presence.

[Debonaire217]

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.

This is the opportunity that makes the people have their own freedom of having financial currency but the main competition is if the currency they've created will perform and compete to win over other cryptocurrency. There are many aspects of development aside from crypto, if they might not be well suited for being a developer of a competent crypto, they might find AI, and programming to be their platform of development and success.

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 will have their own cryptocurrency, the main problem is that, how could these currencies have its value? As we all know value will be obtained from the demand of the people with it. If you are the only person demanding for your own coin, then your coin is worthless.

[Janation]

I really hope that this will never happen, because this will be a huge amount of chaos, it is clear that the vast majority of such cryptocurrencies will not have any value at all and will only clutter various forums, observers and much more with its presence.

We have thousands of cryptocurrencies now.

Some of them died and some of them lived. Just like the  survival of the fittest, the strongest one will love while the weak ones will die and be pulled like a weed. As vast numbers of cryptocurrencies are being made, the value of each one will be decreased, that is the same with other known or popular ones.

[heidikim]

There is an economic cycle in the world. In the beginning, trading was made by trade. Now we use money as a trading tool. What we do is still trading. Each company or person can have its own currency. However, every company must have the power to finance this currency. I think this will be based on gold again.

[romeojasmin13]

In this case we will have a plenty of odd currencies and shitcoins with zero value. Moreover, these currencies can be even worse that fiat money we have now.

[btc78]

the world has their own currency(in Fiat) but nothing happens Bad right?so what more in crypto currency when we can use our currencies accurately and easily?

though i am sure Bitcoin will remain the most powerful currency but countries are making their own for each people and there is nothing bad about that.

let them create their Crypto why we are nourishing Bitcoin and other trusted Altcoins.

[AleSergio]

If people would make their own currency and stop to work. There would be no one who would be able to invest in cryptocurrencies, thats why crypto would be useless and wouldnt have any value. This would be a disaster for economics.

[FanatMonet]

I really hope that this will never happen, because this will be a huge amount of chaos, it is clear that the vast majority of such cryptocurrencies will not have any value at all and will only clutter various forums, observers and much more with its presence.

We have thousands of cryptocurrencies now.

Some of them died and some of them lived. Just like the  survival of the fittest, the strongest one will love while the weak ones will die and be pulled like a weed. As vast numbers of cryptocurrencies are being made, the value of each one will be decreased, that is the same with other known or popular ones.

Here I am can't agree, Bitcoin showed its best result when there were already quite a few other cryptocurrencies. Here I am can sooner say that with a large number of coins, giants such as bitcoins, on the contrary, gain weight in comparison with others.

[Tylev]

The creation of new cryptocurrencies simply as a means of payment will make sense only if its security and functionality are enhanced. Another cryptocurrency must be created to work with certain projects and serve them. That is, an empty cryptocurrency will not be in demand, and therefore it will be useless and die.

[Majharul Saiif]

if everyone creates their own currency, so most of them will not sold in the market, because it's too easy to create their own currency and demand will not exist too. While the supply is very abundant, most of them will even hard to join the exchange, maybe people will move again to bitcoin or gold later.

If there is anything extra than necessary, it does not have a price. If everyone has their own currency, it will have a bad effect on the economy. When everyone has the currency, no one will pay the price and the currency will not be adequately valued.

[todiefor17]

I think each person creating their own currency is more of a collectible value than it is for exchange and real value in the economy.
Nobody cares about them and there is no guarantee they have a stable value.

[Maroons]

if everyone creates their own currency, so most of them will not sold in the market, because it's too easy to create their own currency and demand will not exist too. While the supply is very abundant, most of them will even hard to join the exchange, maybe people will move again to bitcoin or gold later.

If there is anything extra than necessary, it does not have a price. If everyone has their own currency, it will have a bad effect on the economy. When everyone has the currency, no one will pay the price and the currency will not be adequately valued.

In short the economy and market will be chaotic because there will be billions of coins listed and there is also billions of it having no price at all so it will be a disorganized market and then after quite some time those coins will eventually die and only those coins that is here in the market right now will be left so creating our very own coins will just consume time and effort because it will just eventually die