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

[HereticalSmile]

Personal cryptocurrency for everyone is a great idea! This will mark a new era in the economy. This will be a natural exchange on a new spiral of progress. Technically, everything is ready. It remains to create standards, institutions, Infrastructure that will provide the solvency function of any currency, which is supported by labor, talent and creativity of the issuing person.

[1715083334]

1715083334

[1715083334]

1715083334

[1715083334]

1715083334

[1715083334]

1715083334

[1715083334]

1715083334

[arifteguhr]

99% of all the alt coins and ethereum tokens have zero real world value and the sole purpose of these new ICO's is to make their developers filthy rich overnight. The utility of these coins is very limited or non-existent and after a quick pump & dump scheme they fizzle out and die. Nowadays anyone could just flip a switch and launch a crypto asset for the most ridiculous reason ever with minimal expenses. Does it help the economy? No. It helps to enrich a certain group of people  

I disagree with you. The new coins and tokens are backed by the business projects. Some of these projects are useful, others are useless. The point is the teams can easily conduct ICO and receive investments for their promising project. Then they will be able to develop and evolve their product or technology. Every token is treated as a currency, so I don't think that using many tokens is bad for economics.

there may be clashes between countries and cannot be understood by all traders. and everyone is also not possible to print money alone because.

[DAVETUN]

Token creation and development has been abuse, where everyone is now out to develop there own token, I feel the space is still in it evolving space, correction will take place in the near future through regulation and  policy formulation that will curb and guide the CRYPTO space from unwarranted development, It okay to launch an ICO, you might not necessarily.

[wahyu wida]

99% of all the alt coins and ethereum tokens have zero real world value and the sole purpose of these new ICO's is to make their developers filthy rich overnight. The utility of these coins is very limited or non-existent and after a quick pump & dump scheme they fizzle out and die. Nowadays anyone could just flip a switch and launch a crypto asset for the most ridiculous reason ever with minimal expenses. Does it help the economy? No. It helps to enrich a certain group of people  

I disagree with you. The new coins and tokens are backed by the business projects. Some of these projects are useful, others are useless. The point is the teams can easily conduct ICO and receive investments for their promising project. Then they will be able to develop and evolve their product or technology. Every token is treated as a currency, so I don't think that using many tokens is bad for economics.

there may be clashes between countries and cannot be understood by all traders. and everyone is also not possible to print money alone because.

tokens are made for the circulation of a product from the project. so to use these products, we have to pay with the tokens they make. without it, a token cannot develop, it could be just a fraud

[Ozero]

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?

No, if each of us begins to create our own cryptocurrency, it will not be for her and people to benefit. So much cryptocurrency, we definitely do not need. We need not just a cryptocurrency, but a functional cryptocurrency, so that by its existence it would solve certain useful tasks. If everyone creates just a new type of means of payment, nobody will need such money, they will be dead, since no one will use it.

[Tylev]

Personal cryptocurrency for everyone is a great idea! This will mark a new era in the economy. This will be a natural exchange on a new spiral of progress. Technically, everything is ready. It remains to create standards, institutions, Infrastructure that will provide the solvency function of any currency, which is supported by labor, talent and creativity of the issuing person.

Personal cryptocurrency for all is a waste of time and effort. Almost all of them will be useless signs that no one will need. Well, you exchange them with your friends and acquaintances, and then what? You will simply know that you have a cryptocurrency. And you will use the same means of payment that everyone uses and who are in demand.

[brotherwood12]

that really bad and wont work , everyone will think their cryptocurrency is the best and will not currency at all cant imagine if that really happens

[shesheboy]

Personal cryptocurrency for everyone is a great idea! This will mark a new era in the economy. This will be a natural exchange on a new spiral of progress. Technically, everything is ready. It remains to create standards, institutions, Infrastructure that will provide the solvency function of any currency, which is supported by labor, talent and creativity of the issuing person.

Personal cryptocurrency for all is a waste of time and effort. Almost all of them will be useless signs that no one will need. Well, you exchange them with your friends and acquaintances, and then what? You will simply know that you have a cryptocurrency. And you will use the same means of payment that everyone uses and who are in demand.

Its possible but only for personal use  or for decoration/souvenir only  because its not legal if you csn create your own currency without the approval of higher authority .

 but let say it can happen in real life , i guess that can only cause too much confusion because every single person has a different kind of currency that they will use for buying and exchanging  .

[eaLiTy]

Personal cryptocurrency for everyone is a great idea! This will mark a new era in the economy. This will be a natural exchange on a new spiral of progress. Technically, everything is ready. It remains to create standards, institutions, Infrastructure that will provide the solvency function of any currency, which is supported by labor, talent and creativity of the issuing person.

If everyone is having their own cryptocurrency how do you trade. It is not progress instead it will stagnate the entire economy.
If there is only bitcoin in this market and everyone is focusing in developing it, it would have outgrown everything by now and the idea of mass adoption in a short time would have achieved. Instead we have thousands of tokens and coins in the market and anyone trying to understand the market will get confused on where to start.

[yunzau]

everyone who has a coin is a bad thing because it has no selling value and it is difficult to make people believe it can be traded on the market.

[maksimukr1989]

that really bad and wont work , everyone will think their cryptocurrency is the best and will not currency at all cant imagine if that really happens

even if everyone has their own tokens, this does not mean that they will all be in demand. More cryptocurrency, more healthy competition. Who will not stand in this game and he will lose.For economics, I think this is the best option.

[biskitop]

it will definitely be bad for the economy, because everyone will have their own exchange rate for just one product. and it is difficult to measure the economic stability of a country if people have their own currency.

[Koadharber]

99% of all the alt coins and ethereum tokens have zero real world value and the sole purpose of these new ICO's is to make their developers filthy rich overnight. The utility of these coins is very limited or non-existent and after a quick pump & dump scheme they fizzle out and die. Nowadays anyone could just flip a switch and launch a crypto asset for the most ridiculous reason ever with minimal expenses. Does it help the economy? No. It helps to enrich a certain group of people  

I disagree with you. The new coins and tokens are backed by the business projects. Some of these projects are useful, others are useless. The point is the teams can easily conduct ICO and receive investments for their promising project. Then they will be able to develop and evolve their product or technology. Every token is treated as a currency, so I don't think that using many tokens is bad for economics.

there may be clashes between countries and cannot be understood by all traders. and everyone is also not possible to print money alone because.

tokens are made for the circulation of a product from the project. so to use these products, we have to pay with the tokens they make. without it, a token cannot develop, it could be just a fraud

Every project conduct ICO to collect funds so that the project can use the funds for the future development they make,if the project cannot collect their exact funds the project will be dead,and making our own currency it cannot affects our Economy because every tokens we need to change it into fiat money.

[ufaiz50]

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?

I'm a little confused if everyone has their own currency, then what about the value of that currency and what is the value? I'm also not sure this can happen because it doesn't make sense to me. Money cash or cryptocurrency is used because it is valuable, even though they offer good technology and unique concepts but if the currency has no value, no one uses it, as people say making tokens is easy but making valuable tokens is not easy.

[breathlessz]

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?

I'm a little confused if everyone has their own currency, then what about the value of that currency and what is the value? I'm also not sure this can happen because it doesn't make sense to me. Money cash or cryptocurrency is used because it is valuable, even though they offer good technology and unique concepts but if the currency has no value, no one uses it, as people say making tokens is easy but making valuable tokens is not easy.

indeed, the main concern is how it will be, because there are so many personal currencies. and I'm also not sure that this will happen, of course there will be a lot of garbage that will happen

[$anounimus$]

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?

I'm a little confused if everyone has their own currency, then what about the value of that currency and what is the value? I'm also not sure this can happen because it doesn't make sense to me. Money cash or cryptocurrency is used because it is valuable, even though they offer good technology and unique concepts but if the currency has no value, no one uses it, as people say making tokens is easy but making valuable tokens is not easy.

cryptocurrency is only one bridge for transactions between buyers and sellers, while the selling value obtained at the coin price depends on the total supply and the difficulty of mining breaking the block to get bitcoin or coin that can be mining, while for that platform depends on the project developed, when the project is good and has high demand, it will provide a selling price for the token.

[sijonru]

that really bad and wont work , everyone will think their cryptocurrency is the best and will not currency at all cant imagine if that really happens

In my opinion it is not good for the economy because its use is very small and concentrated in their own community. Will create exclusivity that can have an impact on divisions in society. Then the crypto money created will be very difficult to monitor by the government, so it is vulnerable to abuse.

[bounceback]

it will definitely be bad for the economy, because everyone will have their own exchange rate for just one product. and it is difficult to measure the economic stability of a country if people have their own currency.

not all of these currencies can have credible value, the majority will only be limited to souvenirs that do not mean, if that is true, then it is like a private barter system that does not develop proportionally. I also believe that strong regulation will hinder them, and will only provide a small movement in the economy which is only concentrated in the micro domain.

[bajingluncat]

Current technological developments make people easily create their own coins, but actually it's useless because it's hard to make coins have a price, like the bitcoin trend, young people now prefer to be in front of their computer rather than rough work or being workers, indeed it makes a negative impact on their mentality and the environment of course, sometimes crypto investments make many people become dreamers so they are easily exposed to stress and tend to have unstable emotions, it is bad, but we also cannot blame technology, need education and socialization to control this trend, there must be a standardization of rules, so that only coins are qualified and only people who are competent can create coins, at least the rules still need to be as control so that good things can still

[Snaic]

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 emergence of very many varieties of cryptocurrency, especially if individual citizens release their own cryptocurrency, will have practically no effect on the economies of the states, since such a cryptocurrency will be absolutely useless. Why should individuals create their own cryptocurrency if practically no one will use it, because such a cryptocurrency will not be of any value. What is the point of buying such a cryptocurrency? Cryptocurrency must perform a specific function and serve certain projects, otherwise the meaning of its existence disappears.