A government can create a cryptocurrency ? - page 17.

kuckong

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Quote from: Bessta on April 25, 2018, 08:10:44 PM

There is a possibility that governments would create their own cyrptocurrencies in the future because as the saying goes "if you can't beat them, join them" , governments would realize the need to cater to the demands of the people for upgraded technology in order to adopt to the continuous growing modern technology. If as of today governments are not considering to join the latest technology it would be to their disadvantage and great loss in the future.

I totally agree with your writing. I hope the government will do so soon. I think, if the government wants to make its own cryptocurrency, then I am sure the government will further support the development of cryptocurrency. Perhaps the government will build an educational infrastructure about cryptocurrency. That might help people to get jobs and income from cryptocurrency. And certainly everyone will try to buy and invest in that currency.

BTCappu

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Quote from: CodyAlfaridzi on April 30, 2018, 10:21:10 AM

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 ?

Everybody could create their own cryptocurrency, including governments. But a stable government would NOT create one definitely. At least not in the near future. Such things would be very controversial and destabilize the economy. So, if my government do make one, i definitely wouldnt invest in it as it would be a shitcoin.

They don’t need to create their own crypto currencies. They already know bitcoins have made the whole word attractive and everyone is just going in the bitcoins. In future, I must say, bitcoins would be the measure of economic power for a country. But even knowing the glamour and pace of bitcoins, they are still so ignorant and dump and banning bitcoins continuously.

Sled

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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.

Pamadar

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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..

Rossy Akbar

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Definetly I will use it because it was from my country tho, but I don't think it will possible because as I see it right now in my country the real money is still down, even worse. If the government wanna create a cryptocurrency I think they need to fix the real money's value first.

mia khalifa

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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 you are right the government can make its own cryptocurrency not only the government alone everyone can create their own cryptocurrency but must be accompanied by a clear product that makes cryptocurrency created has a selling price.

Siren

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Everyone can create their own cryptocurrency and its everybody's right as long as you have the capacity from capital and project development and uniqueness by all means this is possible..

Speaking about country's creating their own currency well i guess this will make divisions to all currenies because the supporters of each coins will sure coming from the people of each country and if this happens then we will find whos the richest investors maybe

poundy29

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I hope so! It's possible for government to create their own cryptocurrency in future, and I'll be glad to invest.

Elrozaq

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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, It is possible. the crypto currency is the future currency with many advantages of crypto. the government should accept the crypto or to create a new crypto currency.

Sab11

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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 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.

SaiWAFU

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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 ?

It will not be impossible, as governments has enough resources to make one. I think we cannot call it investment if the law makes it a national currency, and I don't think government would make and intend to profit from it.

arrmia11

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We cannot deny the fact that anybody can create its own cryptocurrency to include the government provided they have the knowledge and everything. If it is a good project or platform then why not, for as long as they don't meddle with the assets of the people earning in cryptos. Cryptocurrency is good and I thinks there's a lot of advantages if the government would adopt; not just economics but also the knowledge that it can give.

blodelf1

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There is no restriction on creating crypto currencies, anyone who has the capacity to make their own. The real question was, are they going to support it and make it available for people, and they should publish their roadmap and make it under the smart contract also.

arctic circle

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Anyone can create crypto currencies if they want to,so the governments also can make it for their usage but there is no usage for creating such crypto currency it is same as like the fiat money so no people will get interested on those coins.

Loveydovey04

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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 ?

Me i think so. If it is the government who created it then it is legal and will be supported by my government. I dont think it will be as risky as investing in other cryptocurrency in investing into a government produced cryptocurrency.

BUK2016

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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 of course, government can create it's own crypto currency and it actually happen I will invest my money provided there is a prospect for the coin. I red an article that Venezuela government will soon create her own crypto currency that will be named Pedro, please correct me if I didn't get the name right which am currently planning to invest once is out.

kfor01

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i think it's next thing they are going to do. I'm sure they are already working on it, It's a great chance to take control over digital assets.

naidray

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Quote from: jaocoincrypto18 on April 25, 2018, 10:37:55 PM

This is already possible and its happen now in the country of Venezuela in which their President Nicolas Maduro created there own version of Crypto currency and named it Petro coin in which were supported by their people. Now i heard that it was a successful as an investment in spite of US sanctions to ban it.

Yeah, although a lot of people already kicked against it and even the U.S government most especially while considering it as scam. I know that is political anyway. The thing is this would eventually be the norm all over the world with each country shifting from the printing of paper currency into using blockchain technology and this is still going to be a manipulated, centralized, monopolized system as it has always been so what is really there for anyone to invest in?

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 ?

We have been investing by holding fiat all our lives but did it really change anything. What is there to invest in a centralized currency anyway? One thing is that it is still going to end up being controlled and that will not stop the monopoly and bull shit that has been going on in the past. Sure, I may use it for daily needs, it would help make things easy and all that for global transactions, but investing is something that obviously would not cross my mind.

Finestream

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Quote from: Jannatul Shefa on May 02, 2018, 01:32:31 PM

Now I don't find any possibility that government will create cryptocurrency. But in future it can be possible that government will create their own cryptocurrency. Let's see.

I do think that if the government will be able to see how bitcoin successfully became a very big impact to the people,maybe the government will create their own cryptocurrency which will be utilized by the people,knowing the fact that they cannot control bitcoin so they will made their own that will be soley controlled and monitored by them.

SnowyPerson

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Of course it's possible, I'm sure they are doing it right now. But is it worth it to invest in it. I do not believe that the state will create an uncontrolled currency.

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