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

[ricardobs]

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.

That’s right. It is not about just making your own currency. It is about the market status of your currency as well and that how many people are willing to invest in your currency and why would they? Besides, if you make a currency that has limited financial freedom and benefits, you are again doomed. In this world of competition, you would need to have an incredible project. The crypto market is like a monopoly with free entry and huge competition.

If it is just about creating our own currencies, everyone would have. Even some who created theirs without a product are finding it hard to breathe in the market, and then imagine just creating tokens or coins out of nothing, no product or project backing it up, no idea to support the coin and then expecting that someone will just accept such a coin? No way! How about even getting it listed on the exchange market. That is something some people actually is not even imagining seeing a huge impossibility in respect to this.

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[dashi555]

I think this is a good idea. Everyone needs a private currency and represents his own payment. This person's payment is special, not popular. This is something that will happen in the future.

[Godexists]

If everyone has own currency I'm sure its a bad idea.many people will become lazy there's no leader to follow.the prices of currency wii noy get high.there will be an  increase and is no demand.and the value of demand  of the economy will become lower.
   

[supermine]

I think this is a good idea. Everyone needs a private currency and represents his own payment. This person's payment is special, not popular. This is something that will happen in the future.

If everyone have their currency then who will accept our currency as a form of payment that is the main purpose of a currency?

So it is not a good idea,I think we already having enough crypto currencies which is about 1600+ crypto available in use for now and keep increasing but those currencies may fade away in the coming years because lot of tokens were dissappeared in the past years too,so I think we should go with the bitcoin and some other coins like that to have better future of crypto currency system.

[embargo]

To have your own currency is not bad, the main thing is that it is perceived for value, and accordingly you could exchange it for goods and services in the community. The value of a currency is determined by the willingness of people to accept this currency and see value in it. And also this currency should be something provided.

[Wexnident]

Probably yes, I think it will result a big problem to the economy. It's really hard to recognize a huge of different currencies in one economy. It may result a trouble in making or doing transactions. Definitely it is better that we have only one type or kind of cyptocurrency in our country therefore it is easily to determine.

[Coffee135]

Probably yes, I think it will result a big problem to the economy. It's really hard to recognize a huge of different currencies in one economy. It may result a trouble in making or doing transactions. Definitely it is better that we have only one type or kind of cyptocurrency in our country therefore it is easily to determine.

You forget that cryptocurrencies are an economic tool that is capable of self-regulation. Cryptocurrencies that are not popular and can not provide people with the necessary opportunities will disappear themselves. There will be only those that we need. How many of them will be 10,20 or 100 is not important.

[Mastsetad]

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.

I do not think that it will have any bad effect on world economy, we can see that so many altcoin has already been created, but only such currencies can survive where people have interest, while the rest die and remain as inactive.

[chrisculanag]

If everyone have one currency with a good purpose in the community , i think it is not affecting  bad to the economy because some crypto-currencies are unique or difference uses to avoid  losing in the project. 

[Genemind]

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 actually depends, if it will offer more job opportunities. If you mean each or majority of people specially those who are rich will make their own coin, this might not be an ideal thing to do, if there will be more people creating their own coin that means there will be more and more altcoin and there will be less investors for each. This will also result to more fail ICO and shitcoin.

[weblouartisan]

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?

In my own opinion, the price of cryptocurrency that will be generated will be always depending on the market because most of the people today still prefer bitcoins more than ico's that has their own platform and advertising to get more investors but still at the end of the day, bitcoins is always at the top of all the cryptocurrency in the market.

[Pinoyfan]

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?

Bitcoin is never been bad in our economy. Infact bitcoin is pulling our economy in to the top cause many job are bring by bitcoin. Cause bitcoin is not responsible or youngsters, the future. Cause I support the best thing for you have a good news now Kenya resident can invest in cryptocurrency.

[twostepsally]

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?

Bitcoin is never been bad in our economy. Infact bitcoin is pulling our economy in to the top cause many job are bring by bitcoin. Cause bitcoin is not responsible or youngsters, the future. Cause I support the best thing for you have a good news now Kenya resident can invest in cryptocurrency.

Nowadays in the market place more coin release in the market place for people using and it help to people invest in the different coin. So all people not invest in the one coin. People invest in the difference coins. people growth is economy and country growth. So it help to people future growth. So people learn more information and choose the best project and best coin for the future investment. Market place is help to choose coin and invest for the future business improvement.

[panfils]

If evry country has its own currency, it will hamper the crypto community. The existing number of coins is affecting the growth already.

[jmiro1]

This is a big problem. It doesn't serve the true goal of a currency. It would become just a collectible which doesn't gonna lead to any purposes. Some of the money got stuck in different unused crypto which sums up to a bigger digit as the number of unnecessary crypto coin rises. So, definitely this is very bad for Economics.

[Reagan_alvaro]

If we have our own currency then that is a chaos and everything is zero value.Who wants a currency if everyone of us own a currency.So if that happens surely everything went down.

I think One that will have the greatest value as a currency is a coin that has some real-world use cases (and for the same reason btc still dominates the market). For this same reason, one will remain motivated to work in various fields.
In addition to the posts quoted above, if everyone created their own currency and if everything has a nice feature to display, then obviously people who will have their own value are just the cream of the harvest.

[Tungsten-1]

If we have our own currency then that is a chaos and everything is zero value.Who wants a currency if everyone of us own a currency.So if that happens surely everything went down.

I think One that will have the greatest value as a currency is a coin that has some real-world use cases (and for the same reason btc still dominates the market). For this same reason, one will remain motivated to work in various fields.
In addition to the posts quoted above, if everyone created their own currency and if everything has a nice feature to display, then obviously people who will have their own value are just the cream of the harvest.

Obviously! The coin which people are using practically, it has maximum chances of survival as you have mentioned. We can take the example of bitcoin because many people are using it practically which means they are doing shopping with it, paying their hotel bills and so on. We should promote the public use of virtual currencies if we want them to be accepted throughout the world. Good luck to all!

[Lagoons]

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?

Not everyone is into crypto, so people are still going to work. And there is a sort of balance, where if there are too many crypto, then value of each individual crypto will plummet.

[Lenzie]

It might have been better if each country instead of each individual will own their cryptocurrency. Why does no one ever think of that.

It affect the market a little but at the same time adapts tonthe future of crypto.

If each individual will when a currency there will be q lot of trash around and the value of "crypto" will be lessen.

[doraegun]

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?

That's very bad for our economy if these gonna be happen there's no challenging in this world you are definitely true everyone no longer motivated to work all people are lazy and not only that we already suffered of hunger because no people are serve the food eat,