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

[hannahB4]

Firstly, everybody cannot own a currency because of many cogent reasons among which are; not everybody knows fully well how this blockchain and all works not to talk of operation. I know in my country half of the people who are into crypto trading doesn't know a dim about how it works what they are concerned is to invest with money and take the profit later.

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[Weawant]

I think states and cities having their own currencies is more possible and feasible in the next 10-30 years. When the time comes, states an cities might then realize that national currencies doesn't really help them and they might make their own currencies, pay it to the people who lives within their jurisdiction and accept it so people would possibly stay to their cities instead of going to metros.

People are also sick and tired sacrificing and going to metro cities just to earn funds and provide to their family even with in exchange, they had to leave their hometown.

And that would solve one of the most important problem the countries are experience which are over population, housing problem and scarcity. Imagine if that happens? This might be a fantasy but if it worked, that's a win-win to all.

[HereticalSmile]

States and cities are territoriality. And the blockchain and the Internet make territorial and other bindings unimportant every day. People become free to enter and exit extraterritorial associations. And it is personal, proprietary currencies that will also contribute to this. Those associations will have an economic power whose members will have their own high-value currencies. And the dynamics of the courses between the members of the associations will be considered smart contracts and oracles.

[imstillthebest]

no I guess because if we think of it ,
 every country has their own currency and in crypto currencies we have thousands of coins on here created by different people but in crypto not all are going to be used officially .
Creators of currency doesn't slack off but they need to work to improve their currency because if they not , they will loose users .

[ampu]

If each individual can create a kind of technology, great. The world will have more blockchain application solutions. But to achieve that, people around the world will have to make a lot of effort. Perhaps the world will reach full development if that happens.
Just like projects that raise capital from ICOs, IDOs do not last until the end. When each individual has a project, the competition will be extremely fierce, so we will only recognize and use the best projects. Also, projects will be acquired by larger businesses so I'm not too worried about the world having too much crypto.

[sapnu]

It wouldn't function so easily as each currency made by every individual battles together for dominance on who will lead the price war. If people were given the chance, it is more likely that many will suffer and some will dominate the game. It is an evidence that the blockchain era is flourishing which will be much evident in the future as crypto continuously dominates the game. We should familiarize ourselves and take what we can while there is still time for crypto so in the future, we'll be one of those who will benefit.

[Nunoluck]

In my opinion that's is not a problem. One thing that I understand is money should have value which is intrinsic value or non intrinsic value. I think that will not happen. The creation of money should fulfill some criteria, I think if someone create his own money but nobody want it then it is just a trash for other people. I think there is should be atleast another person who accept his money then it can be considered as valuable money. Honestly I don't like to think complicated things too much, I prefer like to think about something that exist and what I can do with it. Now, there are cryptocurrencies and I can make some profit from it. So I like to learn about how I can maximize opportunities in cryptocurrency investment.

[bittraffic]

In my opinion that's is not a problem. One thing that I understand is money should have value which is intrinsic value or non intrinsic value. I think that will not happen. The creation of money should fulfill some criteria, I think if someone create his own money but nobody want it then it is just a trash for other people. I think there is should be atleast another person who accept his money then it can be considered as valuable money. Honestly I don't like to think complicated things too much, I prefer like to think about something that exist and what I can do with it. Now, there are cryptocurrencies and I can make some profit from it. So I like to learn about how I can maximize opportunities in cryptocurrency investment.

Depends on what others will accept. If a company like an e-commerce site creates a crypto coin, they may only accept the coin they own so clients will likely be forced to buy the coin that this e-commerce owns thus will set an intrinsic value to the coin.

If amazon will launch its own coin, it will also work this way. They will not accept any other coin but their own. If someone or any other store accepts their coin then it's their option.

[AicecreaME]

It's easy to make your own currency. However, its difficult to convince other people to use your currency especially if they also have their own. So to answer your question directly, it will still be useless and worthless if everyone has their own currency because the only person that will patronize the currency you made is no other than yourself. Unless of course, you have proven the people about your currency's potential. Then, that's the time you'll have many users. Though probably, that will take a long period of time and will be very tedious work on your end.

After all, those worthless currencies will be dead and vanish in no time. It won't be a problem in a country's economy because it will be gone the moment there's no one using it. I mean, what's the point of retaining something you do not use, right? It will just become a trash. If it will be disposed right away, it will not hamper nor made a negative impact to the growth of the economy.

[Reatim]

If all of us will be having their own currency then who will accept the trade? the big problem on this matter is we must convinced each everyone that we will be dealing with to believe in our capacity so what would happen?
Only those established name will be getting through and we will back again to "Whales and small traders "  situation like what we are having now?
I don't think that this is appropriate instead why not just support bitcoin and let the market do the rest?
i know that there comes a time that we are questioning the capability of Bitcoin but do we have option if this coin is the only currency that can go against the abuse of fiat?
a currency that we can call our own?