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

[TheClownSong]

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.

Its true, when people creating their own cryptocurrency, there is no trade and every people prefer using their own currency for every trade they made. Better developing bitcoin as currency in internet and make adoption happen. If bitcoin accepted by online merchant, it will good step for world wide adoption

[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.

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.

Its true, when people creating their own cryptocurrency, there is no trade and every people prefer using their own currency for every trade they made. Better developing bitcoin as currency in internet and make adoption happen. If bitcoin accepted by online merchant, it will good step for world wide adoption

Trading is easy in the IT world with a million currencies. The answer is exchange and exchangers (thousands online). Sellers sell for the currency that they need, people buy for their own currency. International trade lives and does not suffer from the fact that each country has its own currency. In this sense, financial independence is a value that will now be available to everyone, similar to countries with their own currency. What is needed is a new Institutional Infrastructure. Time to do it!
 Common we'll take the world!

[Sarastiche]

It will not happen that everyone will have its own currency, I foresee a regulation and  policy in the cryptocurrency space that will develop laws for ICO  developer, which will caution them from project that are not require to have own coin. The space is still evolving.

[HereticalSmile]

It will not happen that everyone will have its own currency, I foresee a regulation and  policy in the cryptocurrency space that will develop laws for ICO  developer, which will caution them from project that are not require to have own coin. The space is still evolving.

We are people! We are the source of power and Law. As we want and will be. In order not to take away the monopoly on money from countries and not to enter into an unnecessary conflict, let's call our own cryptocurrency not money, but the word that will be allowed. There are already such words. Bonds, promissory notes... tokens after all.

[BlueStackz]

It will not happen that everyone will have its own currency, I foresee a regulation and  policy in the cryptocurrency space that will develop laws for ICO  developer, which will caution them from project that are not require to have own coin. The space is still evolving.

But, I believe OP's question doesn’t even deserve an answer. What exactly makes you think that ? Well, I will give it a shot.

If everyone should have their own currency, that means we are going back to the age of trade by barter, when you will use what you have in exchange for what you don’t have. For example, if I have silver and what I need is gold, I will simply look for someone that has gold and exchange my silver with them. But if what you’re think is that everyone will start to print their own paper and call it money, then you’re wrong.

[HereticalSmile]

It will not happen that everyone will have its own currency, I foresee a regulation and  policy in the cryptocurrency space that will develop laws for ICO  developer, which will caution them from project that are not require to have own coin. The space is still evolving.

But, I believe OP's question doesn’t even deserve an answer. What exactly makes you think that ? Well, I will give it a shot.

If everyone should have their own currency, that means we are going back to the age of trade by barter, when you will use what you have in exchange for what you don’t have.

And it's good!  Trade by barter was ineffective because of otushishte technologies.  Today, such technologies (blockchain) are created.

[ASHLIUSZ]

It will not happen that everyone will have its own currency, I foresee a regulation and  policy in the cryptocurrency space that will develop laws for ICO  developer, which will caution them from project that are not require to have own coin. The space is still evolving.

But, I believe OP's question doesn’t even deserve an answer. What exactly makes you think that ? Well, I will give it a shot.

If everyone should have their own currency, that means we are going back to the age of trade by barter, when you will use what you have in exchange for what you don’t have. For example, if I have silver and what I need is gold, I will simply look for someone that has gold and exchange my silver with them. But if what you’re think is that everyone will start to print their own paper and call it money, then you’re wrong.

Exactly said, what has been asked in the Op does not deserve an answer. It is like owning a piece of land and mentioning it a country. This can be done by very few, and the same will never be allowed for every users. Likewise is the cryptocurrency network, what we see is the virtual currency which isn't the same as paper money which cannot be printed on your own. Some sort of assets (in most countries it is gold) need to be kept as a backing to issue currency.

[trader34]

There is no way everyone will has own currency.

This is probably true in my opinion. While the market will develop in the future, I think there will be just a few winners and so not so many cryptocurrencies...

[Akoldi_ibk]

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.

I think the government will not do that. we know that crypto is a threat to the local currency. if the government makes a crypto
currency. then it would be the same they gave a chance for their local currency to be replaced by crypto. its not gonna happen

Institutions we were once thinking are anti-crypto are now getting involved. Governments might eventually get to create their own cryptocurrencies too. Just that they won't have decentralisation and anonymity as their core features. And it won't take long before they find a balance between their crypto and their local currency.

[Dreamchaser21]

There is no way everyone will has own currency.

This is probably true in my opinion. While the market will develop in the future, I think there will be just a few winners and so not so many cryptocurrencies...

If the supply is high we can see a cheaper price and it will be more like a fiat money. Bitcoin should still be the leader so we can have a better prices, every economy have their own fiat money now and it looks like a normal money, crytocurrency will tell a different story so let’s hope for the top coins to improve better.

[YOSHIE]

I think it will not happen and it is not possible, everyone has their own currency, we have a country, the government is all under control, both the economy and the currency.
when talking about digital currencies such as crypto or coins it is possible, as long as the transactions of each digital currency are adjusted to the currency of each country. Like what is happening now.

[chrisculanag]

I think it will not happen and it is not possible, everyone has their own currency, we have a country, the government is all under control, both the economy and the currency.
when talking about digital currencies such as crypto or coins it is possible, as long as the transactions of each digital currency are adjusted to the currency of each country. Like what is happening now.

Yes you are right , its not possible .There are many coins that makes every year but did`nt  know who is the owners. But i think the one possible is the every countries have own cryptocurrencies and maybe its happen if your country know the important of crypto in online. Many cryptos are make to transacts as a payment method and many more different uses.

[AniviaBtc]

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 will be ridiculous if everyone has its own currency because it will be ineffective or it will be all unsuccessful. The government will also not agree if everyone has there own currency because it can also result more socioeconomic problems in a country.

[mornabo]

It will not happen that everyone will have its own currency, I foresee a regulation and  policy in the cryptocurrency space that will develop laws for ICO  developer, which will caution them from project that are not require to have own coin. The space is still evolving.

We are people! We are the source of power and Law. As we want and will be. In order not to take away the monopoly on money from countries and not to enter into an unnecessary conflict, let's call our own cryptocurrency not money, but the word that will be allowed. There are already such words. Bonds, promissory notes... tokens after all.

Yeah, the source of power is on us as people, but everyone has their own currency is a stupid idea, how will the rate of each
currency? of course there will be chaos, because there are lots of currencies circulate? That will never happen

[bonker]

If everyone can have crypto currencies on their own then it won't have any value.

So they need to use single or multiple crypto currencies to have demand for it which are created already.

Yes it is bad for the fiat economy and it will cause no inflation so most of the prices in this world might fall.

[Latviand]

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 think everyone will not create their own currency because if that actually happens it looks like they only creating their own payment method which is useless, because it will absolutely will not have any value.

[LUCKMCFLY]

It would not be bad at all, because we would be expanding the blockchain era to what all blockchain projects have really wanted, but we can not put aside the traditional economy where they always rely on theories to stabilize and study them in more depth, what would cause fear in people, is the high volatility that would cause, because they would be effusive with a bullfight, but may not be prepared for a big fall.

[logicgate]

If everyone can have crypto currencies on their own then it won't have any value.

So they need to use single or multiple crypto currencies to have demand for it which are created already.

Yes it is bad for the fiat economy and it will cause no inflation so most of the prices in this world might fall.

  At first I will say it is not possible at all and after that I am agree with what you are saying that it is not good for our country economy, because crypto currency is being use as payment too, so if they will use their own crypto currency it will be hard for market holders to access so many coins are the same time, and profit will be equal to nothing so I think it will leave bad effect on our economy.

[Mometaskers]

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?

Does OP meant that each individual literally have his or her own crypto? That would be a nightmare to trade person to person but I'm assuming everyone just converts to bitcoin or some common crypto or fiat. Not to mention that they may be all generated differently, like how some alts are generated by captcha, btc and eth through mining etc.

The problem with that is how would the value be determined. I'm assuming that would make most of them useless. Like, how would my own crypto be worth more than, say Bill Gates'? I don't think there's even an incentive to differentiate since everyone has one.

[akram143]

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 blockchain system will definitely evolved a lot more in the future and people will also developing and lots of economic changes in their life and definitely it will happen in sometime but how it going to change the economy is not known by the future will be the answer for this to say what happened on that day.