Post
Topic
Board Economics
Re: What will happen if we use a one currency only?
by
doomloop
on 20/10/2017, 18:06:27 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.
I really don’t know that this will possible for someone because we can’t spend money or currency of one country to another we will must need to exchange money into the present country currency then no problem will be there and life will goes on without any hesitation. By the way if bitcoin will be legal and you have a lot of bitcoins then no problem because then bitcoin will help and ca spend out there.
It is getting more and more modern age now, all the people are trying the new things, so I think it is very important to use the different currencies as well, I like to use the bitcoin first and the most because the importance of the bitcoin is getting high and the investors are investing the money in the bitcoin for th profit and the high income so it is the modern age and the people like to use the new things and the new currencies.