Post
Topic
Board Economics
Re: What will happen if we use a one currency only?
by
modous
on 20/10/2017, 08:43:45 UTC
I believe that using one currency will not change anything. The poor will have less money, but the rich have more. Simply, the currency will be replaced, but the possibility of earning will not change.
If we will use the only currency then I think the only thing that will get change is the bitcoin and the importance of the bitcoin. In the past the bitcoin is being famous and it is the source of income for me. The currency of the bitcoin is not just the currency but it is the saving and the investing as well so I think it is very good to have so I think if we will use the only one side income.
Yes it possible because the world is becoming a global village and in one village there cant be multiple currencies. So the world has to be get down foe people betterment and easiness. If the concept of time traveling become true then there should be one currency for people who can use it every place because after the use of Time travelling someone setting in Australia will be in new York with in 5 minutes.
the possibility of a world money is absolutely not another one, In my own particular point of view, Developed countries would positively profit since there would never again be cash chance in universal exchange. Likewise there would be fairly a leveling of the worldwide playing field since countries like China could never again utilize cash trade as a way to make their merchandise less expensive on the worldwide market.