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Topic: A government can create a cryptocurrency ? - page 10. (Read 1946 times)

newbie
Activity: 88
Merit: 0
What do you think about this possibility ? Would you invest in your government currency ?

It is possible, the crypto currency is the future technology. It is digital. The government should create a new crypto. it is my opinion.
newbie
Activity: 50
Merit: 0
All governments know this. And all the people behind crypto know this as well. And in this sense the two parties are at odds. Crypto advocates want a free market in money and want competition. Crypto advocates want to see innovation and utility in money. They want to see the best currency win and they want to have a currency without manipulation and control.


According to me If at this time the government does not consider to join the latest technology, it will harm them and big losses in the future.
It is possible that the government will create their own cyrptocurrency in the future because as the saying goes "if you can not defeat them, join them", the government will realize the need to meet the people's demands for improved technology in order to adopt the ever-evolving modern technology .
full member
Activity: 350
Merit: 100
What do you think about this possibility ? Would you invest in your government currency ?
in my opinion they can create cryptocurrencies. but they dont believe in cryptocurrencies as a result they dont create cryptocurrency they meddle it. so many countries are dont accept bitcoin cause they dont believe it. they know that bitcoins origin in deepweb so they believe that bitcoin is a scam and use in evil and illegal so they dont believe bitcoin can change the countries economy. bitcoin can raise the whole country's economy.dont think too much,
newbie
Activity: 154
Merit: 0
With all the power, money and rules; i think a government will be able to create a cryptocurrency if they want to. But then what will happen to their government-owned corporation stock ??
staff
Activity: 3220
Merit: 576
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Any government could create a crypto-currency for their citizens to use in their own country, but one of the problem might be the needs to educate the whole nation citizens who are not technology savvy on how to use the digital wallet for sending and receiving money.
hero member
Activity: 882
Merit: 500
What do you think about this possibility ? Would you invest in your government currency ?
This is normally possible for a country to create own cryptourrency coin in the cryptocurrency market, they can do it easily because they know that if they will launch Thier own coin than in that case most of the investors will enter in that coin because that was launched by a government country and not only the people of that country will invest but also another countries people will take interest in that coin and in this way lots of money from another country to own country will make flow through cryptourrency .
And if any government will launch coin then I will surely Invest in bulk because that will have lots of possibilities of the better stability .
sr. member
Activity: 2422
Merit: 357
It can be. A government crypto is like a blue chip investment which although it has small profit, it is no likely to loss. They can create a new crypto but must not interfere with its system. They cannot make it centralize. If one government would make a difference, and all remaining countries will follow, then cryptocurrency monetary system is much possible now.
member
Activity: 280
Merit: 10
I think the government if create a crypto currency then every one will come to this side for investment and it will common here like prize bonds and it will become a legal in the country so we have no fear of losing money and other investment amount and for now the crypto is good but some countries bane bitcoin due to which the risk in bitcoin is high if government issues crypto then every one will happy with option.
Thinking that this would be a good idea and  it maybe attractive to many traders and investors because the one that creates the project is true people and influential. But on the other side this is the most dangerous thing, think about it: although they have the power and influence do you think they can stop the dumpers in the market? And if this project I'd centralized do you think it can stand strong to the  opposition who doesn't want centralized crypto exist in the market?
full member
Activity: 392
Merit: 100
What do you think about this possibility ? Would you invest in your government currency ?

Yes of course they can create a cryptocurrency because they are the government they have the power and the resources the thing that is stopping them from creating it is pf course the people they see they are not that fan of it at all and not all people are having fun using it. So they think that it is not time yet to create the currency for the country and if that happen I am sure that those are gonna be a stable on so that will not be an investment. But still I am using it.
full member
Activity: 267
Merit: 101
However, this can bring some good profit, since the crypto currencies that are strong enough do have the credit guarantee. Clearly, if the authorities get the access to crypto currencies regulations then they would be able to come up with new coins too.
full member
Activity: 504
Merit: 101
In near future governments will create their own crypto which by time will replace the old one. It's time to upgrade to new level money
jr. member
Activity: 150
Merit: 4
What do you think about this possibility ? Would you invest in your government currency ?
I do not think that? A government needs to have its own finances. And the government's financial need to bring stability for people's lives do not want to be reverse. Suppose as if the currency of a nation that increases every day, all the people will find ways to keep it instead of working or spend it, and vice versa.
member
Activity: 222
Merit: 11
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What do you think about this possibility ? Would you invest in your government currency ?
Of course if government want to create a cryptocurrency so it is possible. If our country government want to launch a cryptocurrency so i invest in my government currency.
Of course it is possible. I think there is nothing that government cannot do. They have all the facilities, skills, information and the required capital, because it is a government not a single person. One thing is important that the team must be loyal and not the scammers. It is good for the governments because bitcoin is decentralized and government has no control over bitcoin.
hero member
Activity: 700
Merit: 553
Firstly ,they must be structurally ready for it. Together with the central banks, they  should establish a blockchain research center.This is the first step to creating  own crypto-money.
member
Activity: 588
Merit: 11
What do you think about this possibility ? Would you invest in your government currency ?

Some countries has already created their own cryptocurrency like venezeula, ecuador, china and others. It was started by Venezuela President who proposed to create their own cryptocurrency called Petro, with each unit would be backedvwith one barrel of oil. If many nations follow the example of Venezuela, it could surely change the international monetary system in the future.
full member
Activity: 448
Merit: 100
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I will invest in government currency. Because it will help my country and my government to develop their economy and the other development.
newbie
Activity: 84
Merit: 0
I think it is possible
and sweden try to make it
legendary
Activity: 2912
Merit: 1068
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Everyone can create cryptocurrency, person, organization or government but the question is whether that makes sense and will that cryptocurrency have any success.
Just because it's created and supported by government that doesn't guarantee to cryptocurrency that will be adopted by users and have any chance to compete with Bitcoin or any other successful cryptocurrency.
So to my opinion any government can create own cryptocurrency, why not.
full member
Activity: 504
Merit: 100
What do you think about this possibility ? Would you invest in your government currency ?

This is actually possible, seeing how cryptocurrency works, the government tends to get drawn from it and they think one of the effective ways to relate to the people is to create their very own. I would invest in it depending on how useful and reliable it is because it may affect the transactions within my country.
full member
Activity: 392
Merit: 100
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What do you think about this possibility ? Would you invest in your government currency ?

Government can do anything, the reason why government is so afraid about cryptocurrency is because, there are members of the government who are corrupted and they did not want their own people to become wealthy.
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