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Topic: A government can create a cryptocurrency ? - page 19. (Read 1922 times)

sr. member
Activity: 819
Merit: 251
What do you think about this possibility ? Would you invest in your government currency ?
If they made their own cryptocurrency they also accept the bitcoin in the country in any country and also if one government made cryptocurrency for sure the other country will do it that would be great and i will invest their for sure.
jr. member
Activity: 308
Merit: 3
The Premier Digital Asset Management Ecosystem
If your opinion is very good, like a bank note, each country has its own currency and the price of each currency depends on the economy. But if so, perhaps the currencies of the underdeveloped countries will hold no one.
hero member
Activity: 1218
Merit: 557
What do you think about this possibility ? Would you invest in your government currency ?
if crypto will stand in future,that means that every governemt will have own crypto currency,because they will not let their econimics to be driven by bitcoin or ethereum,
Imagine having crypto with governments, there might be more chances to see all government transactions, allocation of a fund will be much easier and clear if only they will use it to have a more precise record.

Few government are considering to create their own coin and only make this coin as a legal in their country so that they can make and track each and everything and also provides a revenue source in terms of tax when they make profit and thus also help to get rid of all other currency available which they may not be able to control as such.
full member
Activity: 658
Merit: 102
What do you think about this possibility ? Would you invest in your government currency ?

Some countries have already issued their own cryptocurrency like Venezuela and the others are also preparing to launch their virtual coins soon. Venezuela is trying to find a viable solution to their economic woes so they crafted their own government-issued cryptocurrency to help their economy. In the future, cryptocurrencies may become a major source of funds to some governments that has no enough funds to use.
jr. member
Activity: 168
Merit: 1
I think it may and may be a government to make its own crypton coin. Precisely this is one of progress if until a country and its government make coin for its citizens.

But it seems I'm less interested in investing.
member
Activity: 420
Merit: 14
I think with the amount of resources a country could provide then i definitely think that they can create a crytpo currency and back it up to boot. If you're going to ask me to support it then it would depend on its performance. I woukd treat it like any other coin even if it's from my country.
legendary
Activity: 1191
Merit: 1001
I think this is inevitable, when big countries like USA or Russia will start issuing their own cryptocurrency. Now they are engaged in monitoring and collecting information.
sr. member
Activity: 396
Merit: 252
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What do you think about this possibility ? Would you invest in your government currency ?
I think this is best belongs in politics and society discussions.

Anyway here we are, anyone can create cryptocurrency but the people who will be back on it and the other factors that is needed to build a good foundation not only in the project but its true itself what the team members are exactly doing on it. Government will sure create it or another organization that government may use to invest. Nonetheless, i will not going to invest in any governments currency when fiat wasn't that useful enough.
member
Activity: 459
Merit: 10
What do you think about this possibility ? Would you invest in your government currency ?
This is possible because stocks also have government bond issuers. They compete fairly and I love this.
When the government joins the Crypto market, it means that we are protected by law. No more scams from ICO projects. I highly expect this to happen.
hero member
Activity: 700
Merit: 553
already created by venezuella and it will be a road map for the other countries, lots of country also support blockchain tchnologies like malta, bermuda etc. and easily we can say, for the future,lots of country will create their cryptoassets.
newbie
Activity: 29
Merit: 0
Since any group of people can create token and invite some investors to come in, then if the government itself will enter the cryptocurrency then there will we a large competition between altcoin as well. But I don't like it since it will come next to fiat again, imagine government will accept crpto as payment but not BTC or ETH but their coin only, it is like same as paper money again.
member
Activity: 244
Merit: 10
The government can create an encrypted currency, which will allow many people in the country to buy this encrypted currency. Now many countries are doing this, and I think this is helpful to the encrypted world, at least a lot of countries have begun to pay attention to bitcoin.
full member
Activity: 419
Merit: 100
The Governments have started to explore the bitcoin and block chain technology which means that there are possibilities for the Government to set up their own crypto currency with the help of programmers can create a  centralized crypto currency due to high demand for crypto currency and crypto graphy network. Ecuadorian Government have their own crypto currency the Government then stops the use of main crypto currency inorder for the price of the Governments crypto currency to have more demand in the country.
hero member
Activity: 1120
Merit: 507
It will and I would invest in government crypto currencies because we all know that is 100% legit and more valuable because all people in their country will use that digital currencies so it may go to moon immediately.

You don't invest in governmental crypto currencies, unless they are set up by scummy governments like the one of Venezuela. In most cases governmental crypto currencies won't be anything other than an extension of their rotten fiat system. In other words, by holding fiat, which all of us do, we directly would hold an equivalent of that in crypto units. I however wouldn't consider it to be 100% legit, because this system isn't meant to work in your favor.

Permission based crypto currencies are a plague and even more of a threat to your financial freedom than the current fiat system itself is right now. Yes, it's convenient and allows you to enjoy more flashy features, but what's all that worth when your freedom has been degraded to the absolute bottom? That what you consider to be legit right now, will put people even more in a cage like they are a bunch of animals that their owner (the government) controls. I'm sure you'll change your way of thinking when governments instantly deduct your balance with whatever percentage to fill up their own debts. Don't think you'll like your fresh haircut then. Wink
Somewhere Bitcoin face a little bit problems and challenges and that place is related to the government of a country that can act towards Bitcoin to both sides. If government hit Bitcoin then it can go towards legality and illegality of that country.

It is up to government take the valuable coin negative or positive because same as we use fiat currency for both negative and positive use. So this was the fact and another is about self promotion that is to create own digital currency and promote country but that would take a long time for them.
newbie
Activity: 53
Merit: 0
What do you think about this possibility ? Would you invest in your government currency ?
if crypto will stand in future,that means that every governemt will have own crypto currency,because they will not let their econimics to be driven by bitcoin or ethereum,
full member
Activity: 798
Merit: 104
Absolutely yes, the government can create with there own cryptocurrency in which it can help to stabilized the economy between merging the digital assets and a real assist as well and of course it would be much impact to the people in there country.
newbie
Activity: 154
Merit: 0
Today every country has its own currency created by its previous governments. Therefore, if the government of that country decides to change the current currency into a new cryptocurrency it may able to do so.
full member
Activity: 476
Merit: 100
Technically, if a person or a company could make a token and back it up with projects then countries with money or resources already available to them could do so too. Of course they would not do it yet not unless a super power or onw of the so called "first world countries" would do it. Developing coutries could make tokens but they want to see how it will go with other countries first since they don't have enough to put a huge capital on. Like all coins, i would have to check it our before buying some. I'll treat it like any other coin out there.
hero member
Activity: 910
Merit: 502
Yes the can created the cryptocurrency and make one of altcoin will be available to make transaction in their country by government. But have trouble of the coin have created by government, it will be most popular or not, will be like and buy all the investors in theri country or not. Many trouble have faced if government want to created one crypto because it will be manipulation of token price it self, how to future if this coin will cheap or expensive ?
It all depends on the interest of the government and the way they plan such kind of things which are associated to that of the crypto currencies. in my opinion, it is far better to regulate the crypto coins which are already present than that of introducing your own crypto currency.

The government can do that as well but this might not help the government in making their economy much stronger as the crypto coins can do.
hero member
Activity: 1666
Merit: 502
To create it very possible, but I'm not sure the government will agree with this, you know the only bitcoin that is cryptocurrency number one is not accepted as a legitimate payment instrument in many countries, and I'm sure that the government would prefer FIAT than crypto.
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