A government can create a cryptocurrency ? - page 22.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: brawdias on April 25, 2018, 06:46:36 PM

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

Government like venezuela created their own cryptocoin,and i know theres other country too that has planning if not had created their coins..for me personally i would choose to support if ever my government created our own digital currency because for sure this will never let down their own people,and will help us to grow with them,for the benefits of our economy

btcprospecter

sr. member

Activity: 504

Merit: 251

★777Coin.com★ Fun BTC Casino!

It is only a matter of time before governments do start creating their own crypto currencies. The thing is with most crypto currencies is that they are global and a crypto currency for individual countries may not do as well. If bitcoin was only traded in a small corner of the world it would probably be nearly worthless.

themughni

newbie

Activity: 65

Merit: 0

Quote from: brawdias on April 25, 2018, 06:46:36 PM

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

it is possible, I am sure the government will create and accept the crypto currency. the crypto is a digital currency, it needs in the future, simple fast and secure. thats my opinion.

Elmughni

newbie

Activity: 140

Merit: 0

Quote from: brawdias on April 25, 2018, 06:46:36 PM

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

I think the crypto currency is the future technology of currency. So, the government should create the crypto or accept the crypto currency like bitcoin ,eth , ripple etc. it is my opinion.

Papcio77

sr. member

Activity: 841

Merit: 251

If government create a crypto currency coin, 100% with no hesitation i will invest in that government project. For what reason? Project made by a strong people such this goverment official, no scam for sure, so successful rate of that project is very high. Whole country would use this currency because government use their power to implement and introduce their currenc in their own land

loraalbert

newbie

Activity: 184

Merit: 0

Quote from: brawdias on April 25, 2018, 06:46:36 PM

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

I think with the recent moves from the G20. That is likely to happen. Governments of countries with positive and positive reviews of bitcoin and blockchain are very good. However, the creation of blockchain and coin separately in each country, this invisibility is related and affects much to the security and politics of the world. So, I think they will change this approach by entering or innovating in integration with the trend from bitcoin and the crypto market.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: green_fish on April 25, 2018, 06:53:10 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!

I really do not see the importance in investing in a currency that is controlled by the government. Yeah, this is something we definitely are going to start seeing in the long run, so it is not really going to be surprising anyway, and I expect that it would bring some advantage.

Still, I am not sure how this is going to have any major impact with respect to investment. Except for those who may want to be trading anyway which is still not an issue, I feel everything still balls down to how the country is able to manage well their economy at the end of the day.

thekafi

newbie

Activity: 59

Merit: 0

Quote from: brawdias on April 25, 2018, 06:46:36 PM

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

It is a good Idea, the government cannot stop the bitcoin. they are shoul have the same crypto. so, A government should create a crypto currency, because the crypto currency is the future thecnologi. No country refuse the it.

Gyugita

jr. member

Activity: 110

Merit: 1

certainly, because if the government did create a cryptocurrency there would be a change in economic development.
I want my country forward with the existence of bitcoin and cryptocurrency.
Another advantage of CryptoCurrency bitcoin business is to protect from inflation as a process of price increases continuously.
As we know if there is a political issue there will be inflation that harms the public.
so in the presence of cryptocurrency and bitcoin this hope there will be no such thing again.

Safebit.io

jr. member

Activity: 50

Merit: 9

Sure, but what it be decentralized? I don't think so.

Bitcoin and the crypto economy can exist without countries. That's part of what's so great about them.

faceoff97

full member

Activity: 644

Merit: 113

Quote from: brawdias on April 25, 2018, 06:46:36 PM

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

That might actually what will happen in the future. Government will surely find way so they could control the cryptosystem, the only way they could do yhis is yo make a centralised coin. Cryptosystem is indeed the future, and government will not let they wont get any benefit from it. Having coin of their own would allow them to have full control and easy regulation might be applied.

Dissident991

full member

Activity: 490

Merit: 105

Quote from: brawdias on April 25, 2018, 06:46:36 PM

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

They can, anyone can if he want. The only question is will it be a cryptocurrency, if the government will be issuer? I don't think so. I wouldn't invest in my government cryptocurrency because it will be the same as fiat.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: brawdias on April 25, 2018, 06:46:36 PM

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

Government always can! And I dont see any point for them to create one. Thats completely nonsense. Governement issued fiat money, traditional banking system, and other online financial transactions. Why do you even think they add cryptocurrency in their system?

vfrias

member

Activity: 90

Merit: 13

The government can't even keep its accounting in day - which is just a simple thing every family in the world are able to - how the hell will they create a cryptocurrency or whatever tech stuff?

Never trust the bureaucrats, if they create anything just know it will be a worthless shit, like the "El petro, crypto of Venezuela"

ucok_aball

full member

Activity: 504

Merit: 107

👨‍👩‍👧‍&#

of course not, I never invest like that, I prefer to invest into cryptocurrency
because it can be more comfortable in the management, we own that set it

Clara.Wilfred

jr. member

Activity: 60

Merit: 1

A government can and will eventually produce their own crypto. This is the cashless society we have been heading towards for years. However this will have the same fate as private intranets in the early 90s where companies tried creating their own private internets. It is an inferior protocol and the network effects for decentralised cryptos will always outpace that of a centralised one

BartS

sr. member

Activity: 980

Merit: 255

Quote from: brawdias on April 25, 2018, 06:46:36 PM

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

Yes they can do that if they want, however I will never invest in such a cryptocurrency just think about it the whole point in my opinion to invest in cryptocurrencies is to get a currency that is not printed by any government, that is decentralized, so I will have no reason to invest in such a project besides such a currency will probably be closed source which means that we will not be able to see the code we will not know if there are some backdoors that will allow the government to supervise everything that you do with their currency.

kateycoin

full member

Activity: 882

Merit: 104

Quote from: brawdias on April 25, 2018, 06:46:36 PM

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

Maybe in the future they create their own cryptocurrecy because I think they don't want to turn left of others country so they want grab whats technology can do. As they can see cryptocurrencies is popular in world so its they opportunity to make cryptocurrecy. I will invest if they do.

ArteMixer

newbie

Activity: 154

Merit: 0

At least Russian government is already implementing it. It is equivalent to the official currency and i personally don't see the sense, since the government has nothing to offer and it will just be equivalent to 1 ruble always.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: stephanirain on April 28, 2018, 03:53:37 PM

Quote from: brawdias on April 25, 2018, 06:46:36 PM

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

In my own point of view, it is possible that a government can create a cryptocurrency because they can get people to make them their own digital coin. If i was asked if i will invest or buy that coin, i would like to know first if that coin will be successful, useful and good.

Yes.The government can make exactly their own cryptocurrency but people will be confused already since fiat currency is the one that they are used to spend.If that will really happen,i don't think that it will be more flexible and strong like bitcoin do.And we don't have assurance if people will come to patronize it just like how they give importance to bitcoin.

Topic: A government can create a cryptocurrency ? - page 22. (Read 1922 times)