The One World Currency: Is it Bitcoin?

[mckinleeanael07]

sure this is not sooner or later, obviously we all see the technology and future of BTC, a transaction is now as popular among users as that currency is BTC, so BTC is money the body of currency in the future, as long as some large countries accept BTC as payment, all small countries will follow and now there are many countries accepting BTC payments.

[Wong Gendheng]

Bitcoin is a cryptocurrency, and its underlying technology is very powerful. Bitcoin is decentralized and has the characteristics of non-copying and non-tampering. Bitcoin's transaction volume continues to increase, indicating that more people are using Bitcoin, and its scope of use is slowly expanding.
However, some countries have cracked down on Bitcoin restrictions and prohibited the use of Bitcoin transactions. It will take a long time for Bitcoin to become the world's currency.

Yes that's right, we need more time to convince the world to use bitcoin, too many countries have banned bitcoin thus hampering the development of bitcoin, positive campaigns about bitcoin must be propagated so that more and increase active bitcoin users.

[Desmong]

Bitcoin can not be the world currency because no country will dump there own currency and embrace Bitcoin which will not add greater value to there economy. It is very hard to think about Bitcoin being the world currency when different countries are still fighting against the existance. Bitcoin is a good digital currency that can be used as currency but it volatility will discourage it use. A currency need to be stable and durable not like Bitcoin that has huge volatility in price.

[ven7net]

It is said that Bitcoin is the precursor of the "One World Currency" that will be used in a "One World Government". In the past, it has been predicted that a "One World Currency" would come into fruition as the current monetary system collapses in its entirety. It is today where we have Bitcoin, a Peer-to-Peer digital cash system that's decentralized, used globally by many people worldwide. Essentially, Bitcoin is a "One World Currency" although not backed by any government or trusted entity of any kind.

What do you think? Is Bitcoin the "One World Currency"? Or will another currency take its place in the future? If that happens, which currency do you think will become the "One World Currency"? Will it be the US Dollar, the Euro, or the Chinese Yuan? Do you think governments will unanimously agree to use a single currency for everything? Your input will be greatly appreciated. Thanks

It is very difficult to answer your question, as anything can happen, but if you look at the facts, you can draw some conclusions. As for BTC as a world currency, then you should understand that in this case you should easily come to a grocery store and buy a loaf of bread or a cup of coffee using BTC and at the same time transactions should be fast with minimal commissions. At the moment, this cannot be, which means it is difficult to imagine BTC as a world currency. I also listen to various economic analysts and one of them claims that our world will soon disintegrate into currency zones. Based on this information, it can be assumed that there will be no world currency at all. In this case, if this is true, then there is no point in discussing this issue. However, it is possible that BTC will be the currency of one or more of these currency zones, but again, if it can solve the problems that I have outlined above.

[passwordnow]

I do not think that there will be a currency that will be preferred by other countries. Like if it's going to be USD for the one world currency, China won't agree to that. So it's likely that bitcoin or any cryptocurrency that they prefer would be one but we've got more feeling that it's going to be bitcoin that they will all prefer since it's the one that's being accepted everywhere and there's no need to convert it first into any other fiat currencies when transacting because it is as is.

[STT]

"One World Currency" that will be used in a "One World Government"

Disagree on both points and I hope it never comes near true or we likely have that fear realized as war and resistance to this possibility.   I dont think it is probable or possible even, we will continue to have a multitude of currencies of all types FIAT and commodity based with BTC as a security based token thats especially useful for online remote transactions.   Just being established in its own corner respected in that sector of commerce would be gigantic and worth trillions in commerce done.  Over reaching for absolute dominance reflects the past and the saturation of dollar world wide when it should never have been so prevalent in a unilateral way its best to allow a variety not attempt some perfect singular currency, I believe its a fallacy to expect or aim for that.

[Koro-Sensei]

I do not think that there will be a currency that will be preferred by other countries. Like if it's going to be USD for the one world currency, China won't agree to that. So it's likely that bitcoin or any cryptocurrency that they prefer would be one but we've got more feeling that it's going to be bitcoin that they will all prefer since it's the one that's being accepted everywhere and there's no need to convert it first into any other fiat currencies when transacting because it is as is.

China's not even into Cryptocurrency anymore. They even ban mining and other crypto related form of work there and probably more ban will come. It is somehow believe that these crooks will make their own digital currency and could rival their counterpart USD. Furthermore, bitcoin in other areas in the world is quite supremely admired. Many countries are now into it so let's just hope it could still propel us into more adoption.

[AndySt]

"One World Currency" that will be used in a "One World Government"

Disagree on both points and I hope it never comes near true or we likely have that fear realized as war and resistance to this possibility.   I dont think it is probable or possible even, we will continue to have a multitude of currencies of all types FIAT and commodity based with BTC as a security based token thats especially useful for online remote transactions.   Just being established in its own corner respected in that sector of commerce would be gigantic and worth trillions in commerce done.  Over reaching for absolute dominance reflects the past and the saturation of dollar world wide when it should never have been so prevalent in a unilateral way its best to allow a variety not attempt some perfect singular currency, I believe its a fallacy to expect or aim for that.

This may well happen, but for a very short time, and the reasons that led to this, as well as the consequences, will not be as rosy as the supporters of such an idea are trying to present it to us. The system of a "One world currency" and a "One World Government" will in any case be unstable and will not last long, because it does not take into account the heterogeneity of the political and economic development of all states that exist on the planet Earth. The colonial system seems to have sunk into the past with torments, but people who promote "world" ideas themselves do not understand that they are trying to revive this not the most pleasant and beautiful ghost of the past.

[peter0425]

I do not think that there will be a currency that will be preferred by other countries. Like if it's going to be USD for the one world currency, China won't agree to that. So it's likely that bitcoin or any cryptocurrency that they prefer would be one but we've got more feeling that it's going to be bitcoin that they will all prefer since it's the one that's being accepted everywhere and there's no need to convert it first into any other fiat currencies when transacting because it is as is.

China's not even into Cryptocurrency anymore. They even ban mining and other crypto related form of work there and probably more ban will come. It is somehow believe that these crooks will make their own digital currency and could rival their counterpart USD. Furthermore, bitcoin in other areas in the world is quite supremely admired. Many countries are now into it so let's just hope it could still propel us into more adoption.

Lol they have already created a Digital Yuan if you are not updated 

Here is it if you are not aware.



So basically this is the reason why they are pushing Bitcoin away of their site and economy.

[josgandosbro]

Yeah. Coming future Bitcoin will be reach the all country. Bitcoin is future digital currency. If reach the Bitcoin all country's. World will be chage digital way. Bitcoin price is any time to change the price. Nobody no the Bitcoin price up and down. It not easy to guess the price. So people exchange the coin

[passwordnow]

I do not think that there will be a currency that will be preferred by other countries. Like if it's going to be USD for the one world currency, China won't agree to that. So it's likely that bitcoin or any cryptocurrency that they prefer would be one but we've got more feeling that it's going to be bitcoin that they will all prefer since it's the one that's being accepted everywhere and there's no need to convert it first into any other fiat currencies when transacting because it is as is.

China's not even into Cryptocurrency anymore. They even ban mining and other crypto related form of work there and probably more ban will come. It is somehow believe that these crooks will make their own digital currency and could rival their counterpart USD. Furthermore, bitcoin in other areas in the world is quite supremely admired. Many countries are now into it so let's just hope it could still propel us into more adoption.

They are. Most of the mining equipment is manufactured in their country and despite that, they've banned cryptocurrencies, and yes they've taken the idea from cryptocurrencies with what they're building right now and that's their CBDC. They're making their own digital e-yuan.
Article: China digital currency: could Beijing’s advanced e-yuan replace smaller Asian currencies?

[Anonylz]

I think the question is not about btc being the One World Currency but if the main purpose of its creation is maintained, how can btc play the role of a one world currency when it is been traded in the market for the highest bidder, btc was design as peer-to-peer decentralize digital currency for faster transaction without any third party interference! people are more interested in the usd value of btc than it main purpose, even the institutions that are accumulating btc are doing so for the possible fiat value they may gain the the future,
so the idea of btc being one world currency is far-fetched i would say. 

[Abiky]

Disagree on both points and I hope it never comes near true or we likely have that fear realized as war and resistance to this possibility.   I dont think it is probable or possible even, we will continue to have a multitude of currencies of all types FIAT and commodity based with BTC as a security based token thats especially useful for online remote transactions.   Just being established in its own corner respected in that sector of commerce would be gigantic and worth trillions in commerce done.  Over reaching for absolute dominance reflects the past and the saturation of dollar world wide when it should never have been so prevalent in a unilateral way its best to allow a variety not attempt some perfect singular currency, I believe its a fallacy to expect or aim for that.

At this point in time, it looks unlikely a single currency will take over the world. But imagine 50 years from now when Blockchain technology becomes a part of our daily life. By then, it would be possible to implement a unified monetary system that's capable to withstand anything in its path. I'm sure governments worldwide will reach an agreement to rely on a single currency for all debts public and private. This will ensure full globalization as we speak.

Instead of relying on a basket of currencies for conducting business on different countries, you'd rely on a single currency enabling you to become a global citizen. It sounds crazy, but anything can happen in the future. It's much more convenient for governments to enforce the use of a single currency for everything (full scale global surveillance) than different types of currencies. Everything will depend on governments' and central banks' approval to make it happen. Regardless if Bitcoin becomes the "One World Currency" or not, it'll be here to stay thanks to its decentralized and censorship-resistant design. Just my thoughts

[Sternbinder]

I don't know how about you, guys, but I think that the ideas of global government and global currency is a total BS.
There has been so many different theories of the only language and the only government on Earth. I cannot imagie how it could be possible for people to unite. Maybe there will be some catastrophy which will kill the vast majority of people and there will be only a small group of homo sapiens sapiens which will have its leader. In this case you are right about one global government. However, I can hardly imagine bitcoin or other cryptocurrency in the scenario of apocalyps. Perhaps, people are likely to use shells as their currency in such a situation.
I totally support the idea that bitcoin and other cryptocurrencies have rosy prospects and their capitalisations will continually grow, and people don't want to be limited by a single crypto, people want variety.

[Robinson66]

Bitcoin is becoming more and more popular, and many countries have also agreed to accept Bitcoin, but voices against Bitcoin still exist. If it is too early for Bitcoin to become the world's currency, it will become the world's currency when many countries that ban Bitcoin have also agreed to use it.