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

[Situk brok]

If everyone has their own currency then it will be very bad with the economy of a country even very bad for the world economy because people are shopping or doing transactions with their own currency so that currency is no longer valuable because there are too many currencies circulating in a country.

[Danlopz]

If everyone has their own currency then it will be very bad with the economy of a country even very bad for the world economy because people are shopping or doing transactions with their own currency so that currency is no longer valuable because there are too many currencies circulating in a country.

It may happen. For now, Bitcoin remains the most popular non-centralized virtual currency, but there is no guarantee that its position will remain that way. There's already another set of coins inspired by Bitcoin. It may be assumed that significant development will be required by the new currency to take over Bitcoin in terms of market-building ability; although this remains unpredictable. Bitcoin may also be able to adopt the development of rival currencies, as long as it does not change the underlying basis of the protocol.

[EdenHazard]

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?

The currency will be in effect if the others agree that the money has a value. The process of creating money is not as easy as you think, there is a process whereby the currency must be acceptable to others for value. If everyone can make their own currency, I say yes it can, but not everyone can make the currency has value. You must understand the definition of money itself.

[avikz]

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?

It's true that everyone with coding knowledge can make a currency today. However, the value of that currency depends on its merit. So I can create a currency but I can't create value of it. The free market will decide that. If the currency doesn't have any merit, then the market will simply reject it.

Let me give you an example of Valorbit. It was introduced as a new crypto currency back in 2016. I still hold 2 million valorbit coins, but it doesn't have a value in the market because of its low merit and the absence of a proper vision for the future.

We are currently going through a very unorganized times which can be compared with the dot.com boom during late 90's. The crypto market is pretty new and looking for direction. That is the reason why we are seeing a lot of new coins are popping up regularly and dying regularly. It will take some time to stabilize with the help of free market dynamics coupled with government's regulation. It is a slow process but eventually it will happen. Probably then we will see a downtrend to new currency creation because having a lot of altcoins are not actually helping the market. It is always better to have 10 solid coins instead of having 1600 different altcoins. 

[IamSaitama]

It would not be possible and it would be bad for the economy of the country. Imagine a world where everyone has its own currency. There will be chaos and confusion, why?
1. How would anyone know the value of each coin if they all belong to different people. Imagine different kinds of currencies in one country and to be exact a million currency in your own country. It would be too confusing to determine the value of each coin and it would be disastrous.
2. All people having one of a kind currency is like having different stones. You value your stones differently so how would you accurately buy and sell different items and services.
3. A designated currency is created so that the people will unite, for the people to have a common thing to share to each other. Bitcoin is trying to unify the world by providing a reliable and usable currency for everyone.

[Choyor]

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 has their own currency, of course there is a positive side there is also a negative side of it, but they can easily trade with each other. We can see, although every country has its own currency but the world economy can be parallel. so is the case if everyone has their own currency, will not disrupt the world economy. That's my opinion.

[david_019]

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 this will happen its good and not a waste of time. This is just normal because we are in the modern society and computer is very in demand to the society wherever you go. Most specially if someone is being busy because he is making his living in crypto and he is using his computer for it. So how can we say that this kind of activity is a waste of time if it is actually not.?

[osh5]

There could be positive effects as well. It's highly possible that people use their own currencies for research or developing new technology or improving the way of working around them.

[saifanik]

If everyone has their own currency then firstly it will not be worth any.Transaction will not be good either, nor will anyone want to invest in anyone currency's because the currency will not be trusted.And then there will be a bad effect on the economy.When there is a transaction in every house, there will be no cost.Above all, the economy will be damaged.

[lelangsabun]

probably not, we are living in the world with many currency too i hink, still good for economic if the circulation are still going doesn't bad anyway

[nydiacaskey01]

It might happen but question is which one will be adapted, which one will have a huge demand. It will be a battle between which have more features and which is accepted by many. If one created a coin just for a certain product then they might have a problem because they need to create a demand for it. Example is LGD token, you can use this token when you go the Legends Room in Vegas. The price of this token skyrocketed when there is a fight between Mayweather and McGregor, there was an after party there after the fight but after that, the price went down. But you will notice that the price of the token goes up whenever its close to weekend.

[krauzzer02]

It is suited to make or integrate blockchain with cryptocurrency to a certain business, firm, and industry? not all of them would be needed for the innovation of a cryptocurrency, yes you can make your own coin you can even call it after your name, but the usability, demand, product and competition is mostly necessary to make an impact to our economy, no one will buy nor interested in your coin? then it is just a cryptocurrency with no value or impact at all.

[gudongud]

Everyone will have their own currency and everyone will find difficulties to trade each other. It is a situation which has no differences from what we are having with fiat, i.e. every country has their own currency. A common one will solve lots of hassles. People and government will understand this one day and will praise Japaneses government for their earlier adoption of bitcoins.

[roflmao129]

No one will do that. Creating your own currency is easy, but making them become value is extremely hard. Bitcoin take 10 years to hit this current price. And how can you make your coin be valuable if you are just a regular person Nobody will use your coin for any purpose

[ladydark]

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?

Even if everyone have their own currency,they would have to sit idle with it as there would be no one to value it.A currency could be used only when others value it and get ready to accept it in exchange of some products or services.

[patz22]

It will be useless if everyone will have their own currency without useful effects with us or purpose. It is impossible that even though crypto will be a trend or let's say the quickest way to earn much still not all or majority of people will be stucked on their computer all day doing work in crypto.

With the innovation of technology especially in our country, most of my countrymen still doesn't believe in crypto that they still want to be professionals on the field that they choose. I mean, even with ROI that we can get, still people want an assurance with their financials since crypto surely has high risk factors.

[Yaunfitda]

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?

Its possible to have your own currency, but it is going to be profitable on your end that you will no longer motivated to work? I don't think so. In order for your own coin to be successful, you need some kind of support. And I don't think that you can get a lot of support if your coin is just for personal used only Traditional currency has its advantage and still can be very useful in the next coming years even if crypto currency flourish. And I don't think that we can make them obsolete, especially the financial industry.

[rickadone]

There is no way everyone will has own currency.

Obviously no way and for those who have just kept saying how it is going to affect the economy in a way are really delusional.
Is it not something that is realistically possible that will be affecting the economy ?
This is one thing that can never happen and even though blockchain technology is an open source, or one can easily generate tokens, I bet some people do not even know there is a lot to even start with when having any of those.

Does it have any value or solve a problem, will it be on an exchange and so many more. At the end, it would only end up like any shit coin that is not even available in the market except for the creator deceiving himself.

[5ensei]

It's possible but I think it will be for companies and countries that will have their own coins. This is already the case with Venezuela and Kodak for example. More will follow and it will cause a glut of coins on the internet. Good news is that bitcoin will rise as the number one tradable currency

[Tory-Tory]

In this case, 99.99% of the crypto currency will not be used and will be forgotten forever, because they will not be needed by people.