A government can create a cryptocurrency ? - page 20.

Nerman

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Quote from: MoonWhale on May 02, 2018, 01:13:44 AM

Many states are already developing their crypto currency. Venezuela already has a working product, Russia and Bolorussia are also making their own cryptocurrencies. But I do not think that they will be in great demand, since they will be highly centralized.

Yes, I think the demand for coins that is backed up by a country will be high. People are investing on some coins that is backed up by unknown people and some of the coins turn up to be good. I do not think a centralized coin will be hindrance on people investing. Also government have the power to make their coins as their official currency.

deloreswest

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I would invest some on it cause i believe when regulation comes out the one will survive the impact will be the one that goverment launched. I think goverment coin will be like a forex trading. It might good and i believe goverment are able to launch their own coin like venezuella and last few month i heard that rusia plan to issuing their own coins.

MoonWhale

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Many states are already developing their crypto currency. Venezuela already has a working product, Russia and Belarus are also making their own cryptocurrencies. But I do not think that they will be in great demand, since they will be highly centralized.

PETES

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Quote from: dogz12 on May 02, 2018, 12:49:12 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 ?

Modern times offers modern technologies and i believe that we have to adopt to it. If our own government would drcide to create our own digital currency then i guess we have no other choice than to embrace and accept it.

We all know that government is always the first to have a negative attribute in crypto currency as they see this as a threat in stock exchange and in economic stability so if they will create their own crypto currency that only means that they're fully adopt the new technology and see this as the future and considering all possible effects. I know time will come that it will happen, otherwise.

dogz12

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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 ?

Modern times offers modern technologies and i believe that we have to adopt to it. If our own government would drcide to create our own digital currency then i guess we have no other choice than to embrace and accept it.

MainIbem

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The most stable cryptocurrency will be the one floated by the government. At least you can be assured that it is not a scam. The fear of government tokens hindge on control. The decentralized world seek to be independent of government control and the direct opposite will occur when you buy into government cryptocurrency.

genixye

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It is inevitable that the government will create an encrypted currency, as the future blockchain technology will become increasingly popular, and if the government does not issue its own token, it may be eliminated by The Times.

andrei56

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Quote from: green_fish on April 25, 2018, 07:53:10 PM

Banks in some countries are studying their digital encrypted money!

I think I'm going to buy some big country's digital encryption currency, although these digital cryptographic currencies are not decentralized.

But it could be profitable, because the digital cryptocurrencies of these great powers have credit guarantees!

Why do you think it is going to be profitable to invest in cryptocurrencies created by governments? Those coins are not going to have a limit to the amount of coins that they can print, it is going to be very similar to the fiat that they create, fiat that loses its value by inflation, if anything if you invest in those coins you are going to lose money so if that scenario comes to happen do not invest in those coins.

b_oo

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Banks can create a digital currency but I don't think that would affect Bitcoin and other cryptos. They will still retain its value. Plus the possible volatility in a bank's own crypto might not be good for business. Imagine when customers lose money.

missmaria

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Semux

More than possible. I think that already the goverments of powerful countries investigate on that opportunity.

Elkafi

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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 ?

If the government create a cryptocurrency, it is possible.crypto currency is the future. So, the government should accepts and create the crypto currency. it is the future technology.

omfg.xekcep

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I do not see any reason that a goverment is going to create a cryptocurrency and there are no even intension. But if it were happen I would rather buy because such an emission are quite safe and stable.

julius caesar

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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 ?

Of course they could, tgey can hire intelligent Information Technology graduates and engineers regarding the process of makung cryptocurrency, but it didn't happened up to know cause for now they dont have rhe idea of making the a cryptocurrency which was known only by Satoshi Nakamoto who was until now untraceable, unknown and anonymous, and come up with the fact that a government holds a country which was facing several problems for them to end an dthe visions they want to accomplish makung this things may prolong the progress of each country.

Tapyaks72

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Quote from: Sanu Simon on May 01, 2018, 05:53:28 PM

Yes, it is possible to create a cryptocurrency from any of the government. Few of which were the currency from the government of Venezuela, Switzerland, Korea, now Iraq has come up with similar plan. Very few were used on day to day living where most were under testnet.

Yeah they can make their crypto currency but limited in their country only since, it different from bitcoin since it is acceptable world wide without boundaries.

Sanu Simon

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Yes, it is possible to create a cryptocurrency from any of the government. Few of which were the currency from the government of Venezuela, Switzerland, Korea, now Iraq has come up with similar plan. Very few were used on day to day living where most were under testnet.

kenelmark

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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 ?

Why would they create a crypto-currency !?
it would be no different to conventional money with debit and credit card, would be centralized, regulated, and under supervisions. the exchanges would be their banks.
the idea is just a bandwagon, there would be no volatility, no substantial meaning and unique use with national crypto-currencies.

traderethereum

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Quote from: culuuton on May 01, 2018, 12:29:20 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 ?

It's possible. I will invest a little in this coin, although it is subject to government management but it is very safe. I do not invest much because these coins will not have significant mutation.

yes, I will do the same as you because if one coin created by the government, I think it will full with the politic from them and I don't like if it related by politic because it will not end with the good. besides that, many people that have involved in the politic will have different goals and I am sure that they want to reach their goals with all the way they can.

culuuton

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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's possible. I will invest a little in this coin, although it is subject to government management but it is very safe. I do not invest much because these coins will not have significant mutation.

cheeseandcrackers

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It's kind of in their best interests to create a cryptocurrency that pairs with the country currency. The world is changing and there's two choices: Adapt and work with crypto, or get left behind and try to ignore it. Cryptocurrency wont be going anywhere, as there is no realistic way to stop it.

I wouldn't mind investing in it, but it will never be nearly as volatile as the current crypto market is, and that's the best way to make money.

LakkuScrypt

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I believe in this, and I am sure that the governments of many countries of the world will simply have to issue their state crypto currency.

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