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Author Topic: what will happens if everyone has own currency, doesn't a bad for Economics ?  (Read 951 times)
Snaic
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February 09, 2019, 05:45:46 AM
 #181

The era of blockchain has given many people to make their own currency with different visions from the Artificial intelligence, personal data, finance etc. as we know the traditional currency is very influential in society & supports economic activity around a worldwide. wel,  if everyone has their own currency doesnt this is will make everyone no longer motivated to work and will be to waste more time in front of computer. so, what do you think?
The emergence of very many varieties of cryptocurrency, especially if individual citizens release their own cryptocurrency, will have practically no effect on the economies of the states, since such a cryptocurrency will be absolutely useless. Why should individuals create their own cryptocurrency if practically no one will use it, because such a cryptocurrency will not be of any value. What is the point of buying such a cryptocurrency? Cryptocurrency must perform a specific function and serve certain projects, otherwise the meaning of its existence disappears.

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February 09, 2019, 06:02:33 AM
 #182

Personal cryptocurrency for everyone is a great idea! This will mark a new era in the economy. This will be a natural exchange on a new spiral of progress. Technically, everything is ready. It remains to create standards, institutions, Infrastructure that will provide the solvency function of any currency, which is supported by labor, talent and creativity of the issuing person.
If everyone is having their own cryptocurrency how do you trade. It is not progress instead it will stagnate the entire economy. Grin
If there is only bitcoin in this market and everyone is focusing in developing it, it would have outgrown everything by now and the idea of mass adoption in a short time would have achieved. Instead we have thousands of tokens and coins in the market and anyone trying to understand the market will get confused on where to start.

Its true, when people creating their own cryptocurrency, there is no trade and every people prefer using their own currency for every trade they made. Better developing bitcoin as currency in internet and make adoption happen. If bitcoin accepted by online merchant, it will good step for world wide adoption

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February 11, 2019, 07:32:57 AM
 #183

Personal cryptocurrency for everyone is a great idea! This will mark a new era in the economy. This will be a natural exchange on a new spiral of progress. Technically, everything is ready. It remains to create standards, institutions, Infrastructure that will provide the solvency function of any currency, which is supported by labor, talent and creativity of the issuing person.
If everyone is having their own cryptocurrency how do you trade. It is not progress instead it will stagnate the entire economy. Grin
If there is only bitcoin in this market and everyone is focusing in developing it, it would have outgrown everything by now and the idea of mass adoption in a short time would have achieved. Instead we have thousands of tokens and coins in the market and anyone trying to understand the market will get confused on where to start.

Its true, when people creating their own cryptocurrency, there is no trade and every people prefer using their own currency for every trade they made. Better developing bitcoin as currency in internet and make adoption happen. If bitcoin accepted by online merchant, it will good step for world wide adoption

Trading is easy in the IT world with a million currencies. The answer is exchange and exchangers (thousands online). Sellers sell for the currency that they need, people buy for their own currency. International trade lives and does not suffer from the fact that each country has its own currency. In this sense, financial independence is a value that will now be available to everyone, similar to countries with their own currency. What is needed is a new Institutional Infrastructure. Time to do it!
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February 11, 2019, 09:48:17 AM
 #184

It will not happen that everyone will have its own currency, I foresee a regulation and  policy in the cryptocurrency space that will develop laws for ICO  developer, which will caution them from project that are not require to have own coin. The space is still evolving.

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February 11, 2019, 01:04:42 PM
 #185

It will not happen that everyone will have its own currency, I foresee a regulation and  policy in the cryptocurrency space that will develop laws for ICO  developer, which will caution them from project that are not require to have own coin. The space is still evolving.

We are people! We are the source of power and Law. As we want and will be. In order not to take away the monopoly on money from countries and not to enter into an unnecessary conflict, let's call our own cryptocurrency not money, but the word that will be allowed. There are already such words. Bonds, promissory notes... tokens Smiley after all.
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February 12, 2019, 03:52:47 PM
 #186

It will not happen that everyone will have its own currency, I foresee a regulation and  policy in the cryptocurrency space that will develop laws for ICO  developer, which will caution them from project that are not require to have own coin. The space is still evolving.
But, I believe OP's question doesn’t even deserve an answer. What exactly makes you think that ? Well, I will give it a shot.

If everyone should have their own currency, that means we are going back to the age of trade by barter, when you will use what you have in exchange for what you don’t have. For example, if I have silver and what I need is gold, I will simply look for someone that has gold and exchange my silver with them. But if what you’re think is that everyone will start to print their own paper and call it money, then you’re wrong.

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February 14, 2019, 05:49:38 AM
 #187

It will not happen that everyone will have its own currency, I foresee a regulation and  policy in the cryptocurrency space that will develop laws for ICO  developer, which will caution them from project that are not require to have own coin. The space is still evolving.
But, I believe OP's question doesn’t even deserve an answer. What exactly makes you think that ? Well, I will give it a shot.

If everyone should have their own currency, that means we are going back to the age of trade by barter, when you will use what you have in exchange for what you don’t have.

And it's good!  Trade by barter was ineffective because of otushishte technologies.  Today, such technologies (blockchain) are created.
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