A government can create a cryptocurrency ? - page 16.

deppil

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Quote from: CuriousGeorge on May 04, 2018, 09:11:29 AM

Quote from: Sled on May 03, 2018, 01:54:36 AM

They can create their own cryptocurrency for sure because they have a big network which consists of a lot of people like smart people that can generate their own brand of cryptocurrency and i think that they will do it once they see that the decentralized cryptocurrency is being a huge threat so they will make their own one which is surely centralized.

If they about to make a centralized cryptocurrency, I'm kinda curious which system they use to implement into their crpytocurrency, if it's blockchain, how can they turn blockchain which is from the beginning already decentralized to centralized ones.
And will they tie their cryptocurrency to their local fiat? it's getting more interesting if you think about it.

yeah I'm also curious how they can control their own crypto if they want to make it but I think it looks silly you know ? I was more of a think that the government would not make their own coins but more likely to cooperate with other crypto because I think there's no way to control entirely on crypto

Ilegendph

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Thinking on the higher plane of existence.

Quote from: Pinoyfan on May 04, 2018, 10:11:29 PM

Quote from: brawdias on April 25, 2018, 07:46:36 PM

What do you think about this possibility ? Would you invest in your government currency ?

they can create a new crytocurrency but not all of our government are favor in the world of crpytocurrencies. but i think they shouldnt create a new token or cryptocurrency. cause when they create one they forcing their citizen to patronize their coin to become bigger right. government are so silly and im sure they will do that if they will create a new crytocurrency

Another reason why government should not create their cryprocurrency is that it will create chaos by consuming more energy, slow transaction because of large volume and the time will come that their money will cost so much because its limited and cant compensate.

Pinoyfan

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Quote from: brawdias on April 25, 2018, 07:46:36 PM

What do you think about this possibility ? Would you invest in your government currency ?

they can create a new crytocurrency but not all of our government are favor in the world of crpytocurrencies. but i think they shouldnt create a new token or cryptocurrency. cause when they create one they forcing their citizen to patronize their coin to become bigger right. government are so silly and im sure they will do that if they will create a new crytocurrency

Hec2005

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Quote from: brawdias on April 25, 2018, 07:46:36 PM

What do you think about this possibility ? Would you invest in your government currency ?

I think so but government should first draft a law with regards to creating a cryptocurrency otherwise it will be declared unconstitutional.

weblouartisan

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Lets Go Adab

Quote from: brawdias on April 25, 2018, 07:46:36 PM

What do you think about this possibility ? Would you invest in your government currency ?

Any business or people who are interested on cryptocurrency can create their own coin and if government cannot handle the growth of bitcoins then maybe in the future they will be creating their own coin to compete in the market as well.

dirham99

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Quote from: brawdias on April 25, 2018, 07:46:36 PM

What do you think about this possibility ? Would you invest in your government currency ?

yes I think it is possible. The government should accepts the crypto or they create a new crypto. because the crypto is the future technology. it will be needed in the future.

MCVXYZ

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There are too many institutional coins,which have already attracted millions of dollars but what than? do they have the future? or why will people use it when there are too many decentralized coins with no centralized administrator...I have one question to you which is better when you are in financial relationships: when there sits intermediary between you and your partner or when you and your partner can solve this financial relationships without intermediaries? what about government coin as a trading subject,there is no argument that it will be profitable...Can anyone say something about this? why will it be profitable? I don't understand and just nonsense for me...

Findingnemo

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Bitcoin = Financial freedom

Quote from: bitcoinmasterlord on May 04, 2018, 09:15:44 AM

Quote from: Pamadar on May 02, 2018, 11:09:15 PM

Quote from: Sab11 on May 02, 2018, 08:12:21 PM

Quote from: brawdias on April 25, 2018, 07:46:36 PM

What do you think about this possibility ? Would you invest in your government currency ?

Yes government have a power to create a new crpytocurrency, and i think they are now planning to create there own, and if they create, yes i will invest because for sure its worth it, because i know that government will create a strong and very profitable currency.

Agree with you mate, if government will proceed and create their own coins I will invest as well, as I know that it will be usable and it will bring good return, people will start to invest together and crypto will be healthy from where am I, government is a key if they will embrace the logic coming behind this chain, Crypto will address easy transaction deals and it can also be a good investment to place your money..

Yes if they created there own cryptocurrency then all people will invest because it is legal and every merchant can accept and of course, all big and small companies will invest on this coin the price will 100% increase it is worth to invest.

Yes it is an good idea for the development of the country and also the development of the world economy so the government need to consider that and also it is very important topic.

TheAndy500

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Quote from: brawdias on April 25, 2018, 07:46:36 PM

What do you think about this possibility ? Would you invest in your government currency ?

There is possiblitiy, if they have some big plan connected to that and they have some chance to make money from it to country budget they will do so and follow crypto trend for me.

Bionicgalaxy

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Quote from: brawdias on April 25, 2018, 07:46:36 PM

What do you think about this possibility ? Would you invest in your government currency ?

Yes i believe that a government can create their own cryptocurrencies because the government is powerful enough to create a cryptocurrency. I think i will invest in a government currency because there are big chances that it will be greater than other cryptocurrencies that will be helpful to other people.

Nicol3

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If its for a good cause then why not? The reason why these cryptocurrencies were created is to make our lives more easier and better like if you buy something online and it needs your credit card info, if you purchase a lot it would need to ask some personal information that you dont want to give out and by using cryptocurrencies; you dont need all of those to be given.

BillCoin

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They can create cryptocurrency, but it won't be one of those that you got used to.
I believe that when a country will decide to do such a stop it's going to be a centralized currency that they will be able to control, they will be able to print how much tokens that they want and they will decide about the rules of the network.
No only that,I expect that they will set a rule that only the governments nodes can mine blocks.

cryptojac17

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Quote from: bitcoinmasterlord on May 04, 2018, 09:15:44 AM

Quote from: Pamadar on May 02, 2018, 11:09:15 PM

Quote from: Sab11 on May 02, 2018, 08:12:21 PM

Quote from: brawdias on April 25, 2018, 07:46:36 PM

What do you think about this possibility ? Would you invest in your government currency ?

Yes government have a power to create a new crpytocurrency, and i think they are now planning to create there own, and if they create, yes i will invest because for sure its worth it, because i know that government will create a strong and very profitable currency.

Agree with you mate, if government will proceed and create their own coins I will invest as well, as I know that it will be usable and it will bring good return, people will start to invest together and crypto will be healthy from where am I, government is a key if they will embrace the logic coming behind this chain, Crypto will address easy transaction deals and it can also be a good investment to place your money..

Yes if they created there own cryptocurrency then all people will invest because it is legal and every merchant can accept and of course, all big and small companies will invest on this coin the price will 100% increase it is worth to invest.

The government can create their own crypto currency currency, but not totally like bitcoin, because there's a limitation in government sponsored crypto currency, like the boundaries, because it is limited to it's own country.

faultunfmuzzled8

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They won’t be able to control it and that means that they will join hands with cryptocurrencies.

Pritt

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Not only thet can, but I suppose they will do so. Especially those who are not ready to accept BTC or some other exsisting coins. That will be some closed system, still having such an advantage of blockchain as saving all transactions history, but lacking anonimity and not fully decentralized. So as I get it, there will be many local cut versions of cryptos

bitcoinmasterlord

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Quote from: Pamadar on May 02, 2018, 11:09:15 PM

Quote from: Sab11 on May 02, 2018, 08:12:21 PM

Quote from: brawdias on April 25, 2018, 07:46:36 PM

What do you think about this possibility ? Would you invest in your government currency ?

Yes government have a power to create a new crpytocurrency, and i think they are now planning to create there own, and if they create, yes i will invest because for sure its worth it, because i know that government will create a strong and very profitable currency.

Agree with you mate, if government will proceed and create their own coins I will invest as well, as I know that it will be usable and it will bring good return, people will start to invest together and crypto will be healthy from where am I, government is a key if they will embrace the logic coming behind this chain, Crypto will address easy transaction deals and it can also be a good investment to place your money..

Yes if they created there own cryptocurrency then all people will invest because it is legal and every merchant can accept and of course, all big and small companies will invest on this coin the price will 100% increase it is worth to invest.

CuriousGeorge

sr. member

Activity: 1498

Merit: 251

KUWA.ai

Quote from: Sled on May 03, 2018, 01:54:36 AM

They can create their own cryptocurrency for sure because they have a big network which consists of a lot of people like smart people that can generate their own brand of cryptocurrency and i think that they will do it once they see that the decentralized cryptocurrency is being a huge threat so they will make their own one which is surely centralized.

If they about to make a centralized cryptocurrency, I'm kinda curious which system they use to implement into their crpytocurrency, if it's blockchain, how can they turn blockchain which is from the beginning already decentralized to centralized ones.
And will they tie their cryptocurrency to their local fiat? it's getting more interesting if you think about it.

Wolfhour

newbie

Activity: 18

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That would be fascinating every government has its own cryptocurrency (like Petro at Venezuella).
Also they can use some projects that allows ICO launching for a small fee (for example that one) so they won't spend people taxes on that innovations Wink

jcarlo

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Quote from: brawdias on April 25, 2018, 07:46:36 PM

What do you think about this possibility ? Would you invest in your government currency ?

I think government can make their own cryptocurrency like what happen in venezuela. But what happen in venezuela is not for their currency but its like government bonds using blockchain because if i am not mistake, their people can not use as payment and their currency still bolivar

xiwanfd

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Activity: 124

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The government is well aware of the benefits of cryptocurrency, and digital encryption can bring many benefits to private companies' electronic payments, such as increasing privacy and security. Digital currencies are anonymous compared to traditional electronic payments, but ownership can be deciphered by third parties.

A totalitarian state would be happy to create its own digital currency, which does not have to be open source and decentralised.

Topic: A government can create a cryptocurrency ? - page 16. (Read 1891 times)