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

[Kertmu]

Any crypto currency can depreciate at any time. It is not backed by anything in contrast to the national currency of the state. But the opportunity to increase their capital forces investors to take risks. Even Bitcoin can cost a two-figure number.

[beerlover]

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.

Nothing will happen. Are we even supposed to be having this conversation ?
You think if you have a coin right now with no value or a solution it is solving, I would want to accept it ?
Moreover, you think the government will keep watching every tom, dick and harry to keep creating their own coin or token however they like. You think your coin will be listed on any exchange ?

You would as well create your own coin and keep it all to yourself until you realize something like this can never work. This cannot happen, and as time goes on regulation will cause most shit coins in the market to even get scrapped.

[Aikidoka]

Imagine if you open a store, and everyone does the same. And what I mean by everyone, the people around your country. Now all of you has a store. Who is going to buy from it? No one. And who is going to gain profits? No one. Diversity is great because it backs up the missing things. No one is going to buy your coin if they already have one. That is why not everyone is capable of being a president or getting a job in NASA.

[bangkit tri]

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.

Nothing will happen. Are we even supposed to be having this conversation ?
You think if you have a coin right now with no value or a solution it is solving, I would want to accept it ?
Moreover, you think the government will keep watching every tom, dick and harry to keep creating their own coin or token however they like. You think your coin will be listed on any exchange ?

You would as well create your own coin and keep it all to yourself until you realize something like this can never work. This cannot happen, and as time goes on regulation will cause most shit coins in the market to even get scrapped.

seeing the development of cryptocurrency, i think the government will set it for the continuity of future technological developments. with government policy i think it is not easy to pass the regulation for a coin, and finally everyone will need each other coin. this is to be expected

[Lagrood]

Nothing will happen and I can prove my opinion easily. As we know there are a lot of countries in the world and each of them has its own currency. There are major currencies which we know excellent of course I mean dollar, euro, yen and so on but there are also many minor currencies which many of you did not hear about before, for example, Guinean Franc, Lao or Laotian Kip and so on. Actually we use only that currencies which are appropriate for the actual needs and it does not matter how much they are.

[trecore4]

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 wont affect the economy at all. The reason is very straight forward for this, if everyone starts creating their own crypto currency then who will invest in others currency? How will you feel that when you just made a piece of shitcoin and the algorithm is just seating around the smart contract but there is no single penny in it? The crypto currency will have zero value without any investment and thus it wouldn't be big deal that it will be useless coin. So I think if there is no investment in it and no money is getting involved then obviously economy stays as it is and nothing is getting robbed here.

[keycellko]

Well a lot of people are inclined to make their own currency or coin. But if you make your own coin without a viable project to support it, noone will invest in your coin. If noone sees the use of your coin, its value will drop down to zero or maybe it will never be launched at all.

[Rossy Akbar]

Well,  if they can male their own currency it doesn't mean it will be good for the economy because it may be take long time to improvised their own coin with the traditional coin, but it sounds really good and very interesting actually.

[pinkpanther03]

In my point of view, that is not good actually, there will  be no difference for the actual currency we had it now. But this is of course in my

perception only. Nowadays, there are lot of ico appeared in this industry but most of it are scam then few of them became successful in the after

their ico project campaign.

[cryptobluemoon]

not everyone will have cryptocurrency. starting a coin need branding and usability and future of technology all these factors makes a coin valuable in the market

[BaraxLo]

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.

Well, you can just say it with such exact numbers like this one. There might be chances of flourishing of these crypto but not now. This can be seen after a long time and maybe we wouldn’t be living at that time. But the thing is, people are now considering bitcoins as the source of money and they are coming towards it. So better is to live amazingly by joining this world.

[Flomo]

all need a process and hard work to do that, in my opinion is not easy to create your own coin and ends success.

[spongegar]

I don't think so. For one thing we still need manual laborers to actually do the work. Even engineers to maintain and look after the machines that do the work. Currency wise, if everyone has a currency then at some point one currency will be better than the other causing the lesser currency to fade out.

[Sok Poho]

If everyone has their own currency then I'm sure the currency becomes worthless and of no value, because who will buy your currency while they already have their own currency.

[SlickMoTwoToe]

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 your own blockchain is easy but the hard part is you have your own blockchain but no one adopt on it everyone has a will to create their own but proove your project so that many people will use your blockchain specially now the technology is upgrading very fast.

[kabelpeggek]

It costs a lot of money to make your own currency, and if that happens, some currency will be dead since investors will have a lot of choices. That is one of the reasons why good projects lack support because there are a lot of existing ICO. Just imagine if what you are saying will happen in the future, only few funds can be collected from investors and project development will be slow.

[basyang]

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 seems to that if a country make their own currency its just like they make a version of crypto currency in the physical currency of their country. And I think, as of now it is impossible to make because for sure millions of money is gonna be wasted before it will implement and more more study and research about crypto currency the government will do before they decide to have a currency like crypto. It will take a years before they will do it and just like the physical money/fiat the value of the crupto currency that the government will make is will just like that.

[cryptomoon1003]

well, then platforms like sharering token or nobar will emerge and will take care of shared services on a single currency

[andika2018]

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?

With many cryptocurrency, we have many option to choose. It will creating competitive market and the good one will survive in market. In the end, investor have benefits to choose the best product

[dollarneed]

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 your own currency is not hard at all, the hardest part is making your own currency worth. You don't have to worry about that even though there are a lot of coins out there only small of them has value and adopted by mass moreover, it is not certain the coins that we made could attract the investors and be used by many people however I have to admit that too much currency can be bad for economic system.