A global currency may be powered by the blockchain

[Dudeperfect]

Even though such a concept might sound wonderful on paper, when it comes to reality, there is not even the smallest possibility of anything like this taking place. Every government has vested interest in the system in which they operate. We can find the possibilities of issues in the ongoing Brexit event.

* ‘FUNDAMENTALLY FLAWED!’ Economist RIPS INTO euro and warns Brussels of HUGE challenge.

Decentralization is a great thing but giving control to some people/organisation doesn't make any sense as it is violating the fundamental principle of distributed power and control.

[Clavulanic]

I think that is very good news for the future of bitcoin, indeed integration of global payments is needed for efficiency in the economy of all countries, if payments between countries are more efficient, then economic transactions will increase and the economy of each country in the world will grow rapidly

it is true that the opinion you convey in your statement is that the blockchain system is indeed very good and appropriate if used in the fiat currency economy, but it requires a long time and process due to the legality problem of the government

Long term plans can be a discreet development for every currency, and with this plan for blockchain to power a global currency I think it would bring the future of money to success. Not just of crypto currency but fiat systems might improve it's transaction delays which could be eliminated through blockchain technologies.

[Bagaji]

Bitcoin and crypto currency in general is already a global currency no doubt but not yet adopted by the government different countries all over the world yet. And I don't believe that will happen in the nearest future because the issues of regulation by the government of different countries will be difficult for them to come a point of conclusion at the end.

[omonuyak]

Everything is tending towards that and through blockchain technology a universal currency will be birth!  That means the whole world will have a uniform financial system and the internet will determine who controls it.  Remember that there are words that have been spoken in Bible concerning this and those words might come to fulfillment this time.

[Ridwan Fauzi]

We have found a global currency that can be used by everyone to easily send money even though be used by someone who has a different country, or as a transaction tool without intermediaries. Bitcoin and other virtual currencies supported by blockchain can be entrusted as a transaction system in the future.

For the answers that you have asked, it has been answered that we have found a global currency, but in order to use cryptocurrency cannot be used extensively by everyone. The government still confine bitcoin and altcoin to revolve in their country. This will be difficult to defeat by cryptocurrency, they cannot replace money fiat to be used in their lives. I think, cryptocurrency is enough to be an alternative money that will be used by everyone, or can be said to be a complement to money fiat.

[arbifahrozy]

I think that there is cyrpto at this time an improvement. almost all aspects currently using digital are no exception in the field of disaster relief such as Pundix which is promoting the PALU on the island of Sulawesi. this makes it possible for the crypto digital currency to be a future payment instrument.

[Reid]

One World Government may be impossible but One world currency may be happening already.
Bitcoin is that currency.

I am still in doubt about that new world order. It would be the start of world war once again if forced.
People are not ready for that even if it takes a century.
We may not see it happen or will never happen in this world. It needs a deep change.

Just look at the UN now. Full of authorized member of each country and yet they all just lie about what they say.
To make their country look better than the other.

[BitHodler]

I think, cryptocurrency is enough to be an alternative money that will be used by everyone, or can be said to be a complement to money fiat.

I share your thoughts. I rather see the government continue to maintain a safe distance between itself and crypto currencies in general. The further they dig into crypto, the more they eventually will break. Everything they touch is doomed.

Fiat in its current form isn't all that bad. I use both fiat and Bitcoin to conduct transactions, and it works incredibly well. Why do we need to use Bitcoin for everything? Bitcoin won't ever be able to match fiat money completely.

The more money options we have, the more we'll be able to avoid being bullied by whatever form of censorship. I see how people here hope that fiat will implode, but they don't know that they will implode as well when that happens.

[hildacitra]

Bitcoin and other Crypto currency is growing rapidly and it is becoming well recognized around the world, even now some countries has used this for means of payments such purchasing and other transactions. It is a proof that Blockchain technology used by Bitcoin and Crypto currency well accepted as the system and potential offers by it.
However, it is quite difficult when two countries or more want to use same currency because they should be create rules to regulate the utility of that currency. It is obviously not easy to happen.

[gambitcoin53]

are you watching too much sci-fi or fiction movies lately, lol, every crypto runs in blockchain, if it really gonna happen, internet use and a centralized exchanges should be established first, since crypto is internet-based and obviously, not everyone has an access on the digital world, for one currency are to be able to penetrate globally, it should be widely accepted and utilized first.

[iASIC]

I think that will not happen. Because one world uses the same currency, it shows that countries in the world have equal economies. That will not make the developed countries like the US and China accept, unfair for them.

[maculeth]

I agree if the currency is powered by blockchain. it can reduce corruption and money laundering. because those who do it cannot hide their transaction history because all their transactions are recorded in the blockchain ledger. in this way, people will be afraid to commit corruption or money laundering.

[batang_bitcoin]

I've heard of this conspiracy and its accompanied with one world religion and one world leader.

I even thought that bitcoin is already the currency that conspiracy tackles. If a government controlled cryptocurrency will come out it needs to be supported by the biggest countries so it can be verified that its the one world currency that we're saying but if none exists, then probably bitcoin is that thing but its decentralized.

[Kakmakr]

You are talking about a so-called "GovCoin" that are controlled by governments and not a open public Blockchain like Bitcoin. I personally think the world are just too divided to have one single global "Blockchain" power Crypto currency. Can you imagine North Korea agreeing to use only one currency and this being controlled by the USA?

This is why Bitcoin is so successful, because it is not controlled by any government or centralized authority. 

 

[arnaudel98]

Have you ever heard about the "One World Currency" that will be used in the New World Order? Well, it's believed that such currency may be powered by a blockchain which is in the hands of Banks and Governments worldwide. As this technology has been proven to provide borderless payments in a fast and cheap way, it's the perfect way to upgrade the existing monetary system into one that's highly efficient, transparent, and controllable by the world's authorities. In addition, blockchain not only works for tracking money, but also property, supply chains, and more.

As such, there could exist a global currency in the future which makes use of Bitcoin's blockchain technology. After all, the latest buzz has been all about blockchain, and banks, as well as governments, have become interested in it. Before we know it, everything will be digitalized as our personal, financial, and medical information will be stored in a microchip and verified by one global blockchain network.

What are your thoughts?

Since Bitcoins are now world wide everyone is using it and making profit with this crypto currency. There is no doubt it is number 1 crypto currency.

[wuvdoll]

We will need big infrastructure for this one. When we say that we are already running over the public ledger and thus we dont need anything else to run the blockchain then we should note that its not the way it works. If you want to run the internet then you have to be connected to local host, then local host has to be connected to pre-host, post-host and to the main host. Things are like that only for the blockchain if we have to use it in the real world. It will need big network to work out under stressful conditions of networks and as you can see we are already getting network congestions all the time then, at the time of full capacity it will crash very much often.
Its not like just announce the bitcoin as world's one currency and start using it, but its far more complex than that.

A really big infrastructure and where will the center of it all actually come from, unless of course we will just end up seeing the governments all over the world coming with a decentralized currency which we all know it is something that would be very hard or impossible to even see.

Knowing that a lot of countries are independent, they have the right to choose what is best for them, and you cannot just impose a single currency on the global world even though it is on the blockchain, the chances of seeing something like this happen may be hard if at the end of it, it is centralized. Something like bitcoin would have been able to fill that gap since it is decentralized but we all know how governments and banks frowns at decentralization.

[sinkfish]

Have you ever heard about the "One World Currency" that will be used in the New World Order? Well, it's believed that such currency may be powered by a blockchain which is in the hands of Banks and Governments worldwide. As this technology has been proven to provide borderless payments in a fast and cheap way, it's the perfect way to upgrade the existing monetary system into one that's highly efficient, transparent, and controllable by the world's authorities. In addition, blockchain not only works for tracking money, but also property, supply chains, and more.

As such, there could exist a global currency in the future which makes use of Bitcoin's blockchain technology. After all, the latest buzz has been all about blockchain, and banks, as well as governments, have become interested in it. Before we know it, everything will be digitalized as our personal, financial, and medical information will be stored in a microchip and verified by one global blockchain network.

What are your thoughts?

the technology is proven alerady by other crypto. talking about block chain in hand of banks and government is not a good idea to start with.

[ranman09]

That for me is scary. Imagine people all over the world competing and moving with one financial market. One dump will affect billions of people and vice versa for a pump.

I mean things in regards money, the movement, will affect each of us heavily. (Correct me if I'm wrong)

[kaya11]

It is hardly to be happening, different races all around the globe and have different ways on how the things are. Like for somehow good practice in a certain country is bad at others. Now we know that we have been a lot of wars since from the beginning of time and I don't think the human race would unite unless there is a greater threat like an invasion from the outer space. Humans will take a hard time on understanding each other and a coin for all is impossible at the moment.

[Ladysmith]

A "one world currency" is inevitable (there is a colossal project working on this)and given how the digitization of life itself is making centralized structures such as countries and banks less important, it will not be controlled or backed by them, but by the blockchain. They will eventually be unimportant. I think it would be a nightmare if the world's single currency, and subsequently our digital life, was controlled by corporations and governments. They would exploit everyone.