Bitcoin Garden Forum
Cryptocurrencies => Crypto Discussion => Topic started by: uzair on August 30, 2018, 09:59:32 AM
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At present, each country has its own currency. Can the future focus on a single common currency?
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I think that now we have 2 world currencies: it's euro and dollar. But these days crypto become more and more popular and anyone can use it. We can't call it the world currency for a number of reasons, but it seems to be like that. Don't you agree?
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In our country we called our common currency as PHP or Peso, But I think as of now the whole world common currency is $? But I know sooner or later bitcoin will going to be a common currency too.
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it can, too. but it takes a long process.
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I agree, Dominating the world with one common currency will really going to take a long process.
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One currency maybe not. But one money is Yes. It Can be. One money to rule all nation in the world. Bitcoin.
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Yea,,, the world might agree to come to a conclusion to used only one currency in the future.
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Only one currency for the whole world sounding pleasant but not possible. If it may be happen the whole world will be tied in a one thread.
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impossible, because every country has its own centralized self-government, if only a single currency means that there is just one state in the world, is that one country is that possible ???????
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Only one currency for the whole world sounding pleasant but not possible. If it may be happen the whole world will be tied in a one thread.
No it’s positive if that currency is well control and with a huge amount of funds guarantee it. I believe that in the near future crypto will become the common currency of whole world
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Any cryptocurrency now has a chance to be generally accepted and become the single currency. But for this to take a lot of time. And the technical level of development of all countries must rise
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The common currency or cryptocurrency? If the most common currency to be the considerations, there are USD and also EURO. I think that their dominance in the world is very big. Every currency of a country will make a comparison with them.
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At present, each country has its own currency. Can the future focus on a single common currency?
I don't think so. Currency value, reflects the value, of a community. If there is growth, currency value, will be higher, otherwise the value will be lower. A single common currency, cannot reflect the financial value, created by different countries, in the world. If you look at cryptocurrency, there are a lot of different coins, that are used for different reasons. The single currency idea, exists, because, we are used on a single government, regulated currency. That's why we have financial problems around the world, because it does not work. Cryptocurrencies, were invented to solve this. Let's see if they will, in the long run.
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Yup, that's the main-goal of bitcoin, to become the world currency where there is no institution/government controlling. It's like giving the power back to people and stop printing money whenever they need.
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I think every country also has a different currency, but currently in my country I still use a single currency. I myself also think that digital currencies will also be accepted throughout the world, but now in my country there are also those who use digital currencies. but also only a few use.
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I think every country also has a different currency, but currently in my country I still use a single currency. I myself also think that digital currencies will also be accepted throughout the world, but now in my country there are also those who use digital currencies. but also only a few use.
Do not be sad, with the passage of time, many users in your country will apply payment via cryptocurrency
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At present, each country has its own currency. Can the future focus on a single common currency?
You can't ignore local currency of a country. If you think USD is a global currency, it is ok but local currency is vital for that nation. Hence we can think about Bitcoin along side of USD, it is ok but local currency will exist side by side of such currency in the future.
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Yup, that's the main-goal of bitcoin, to become the world currency where there is no institution/government controlling. It's like giving the power back to people and stop printing money whenever they need.
This, about the printing money I totally agreed with you, the ability to print money by country itself is the main reason for fluctuations of that country
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Well, that is true that every country has its own currency as the system. However, there is also certain currency considered as the international one such as USD and also EURO. However, if one fo the cryptocurrency can be one of the best currencies for worldwide payment, why not? This really has a great chance.
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At present, each country has its own currency. Can the future focus on a single common currency?
You can't ignore local currency of a country. If you think USD is a global currency, it is ok but local currency is vital for that nation. Hence we can think about Bitcoin along side of USD, it is ok but local currency will exist side by side of such currency in the future.
Yeah I think that too, anyway if we have a global currency, we still need a local currency because for poor country where the economic is not strong like develop country, it’s difficult for them to catch-up when using global currency
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If your talking about bitcoin been top 2 of world currency, oh well at his point i totally disagree bit with time anything is possible.
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There are more and more situations when Bitcoin is using as a “everyday” currency. This happens mostly in case of online payments, but usage in outdoor also occurs. Other currencies are also aiming to speed up global adoption, for example FuturoCoin (https://futurocoin.com) have it’s own chain of restaurants where you can pay with this currency
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Seems like bitcoin was designed for those purposes but something went wrong...
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I don't think that will work, because every country wants to have the characteristics of their own currency.
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Seems like bitcoin was designed for those purposes but something went wrong...
Bitcoin was designed to keep your economic freedom. Try to think a tiny economy of 10 people. You have to print money, to let them do transactions. How much must you print? It is a very difficult problem. If people do not produce very much, a small amount of money, is needed. If they produce more, more money is needed. Everything can be abused, so the money printing thing got abused, so we have those problems. Bitcoin, has a limited amount, that will be generated, so in the long run, it's value will increase. It cannot be used, as the only currency, because, changes, in production, will change Bitcoin's value. Government money, tries, to keep this stable, by printing more money. I think, that the economies, of the planet, should be united, to have Bitcoin as the only currency.
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When this market recover and stable, Bitcoin could become the common global crypto because it has the most popularity in the crypto world
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At present, each country has its own currency. Can the future focus on a single common currency?
Dear, I think that all countries will settle on one currency, which is the fabrication. It is developing very dramatically.