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. 
Topic: A government can create a cryptocurrency ? - page 23. (Read 1891 times)
Financial whales still treat the crypto market with caution. The long-term prospects for the development of the market and the level of its attractiveness for corporate investors are still unclear. Maybe it's for the best.
Why not? If such a currency gives a nice opportunity fo investment I will buy it. Another important thing that goverment gives us an guarantee of reliability.
yes of course they can make crypto currency especially for the country that have interested about crypto currency but I don't think that will happen in my country because the government of my country are really not interest about crypto world and may be they are never even thinking about it.
Yes it is possible government can create own currency,Recent example UAE government have own currency and if government didnt legalize the Bitcoin will create own currency.
It can good step for the state that people will find another opportunity to invest and gain profit.
It can good step for the state that people will find another opportunity to invest and gain profit.
Government can create digital currency I've heard about that of Venezuela planning to make its own coin and yes I'll invest in my country's cryptocurrency because I think it won't be scam and my investment would be safe
they can create a crypto currency. but do you think they do it. blockchain provides anonymous transactions on decentralized basis. when they create a cryptocurrency will they be able to control it totally? if not what is the meaning of creating it?
Yes, as much as the trust sources are sharing the stories and even some government officials said that they are thinking about launching their own cryptocurrency. However, for me it doesn't make any sense as we all know that crypto is all about decentralization and the core philosophy is focused on taking away the power from centralized authorities and transferring it to the users. In the case of government based cryptocurrency, I am sure that government would never share the control to anyone else.
What do you think about this possibility ? Would you invest in your government currency ?
I think that surely big whales will invest in it and more mutual fund and private investment company will surely invest as it is supported by government so it will be more legal and their wont be much problem to flourish that coin.
Maybe? Because they know already about crypto and they want to use it by their self and want also to control digital currencies to their people who use to it so maybe they will evolve and create one.
Yes, of course. Everyone have the right to create of cryptocurrency include the government.
Moreover what I knowing, government of Venezuela has create of their own cryptocurrency. As far as I know the name is 'Petro'
Moreover what I knowing, government of Venezuela has create of their own cryptocurrency. As far as I know the name is 'Petro'
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.
it could be if they have a solid team to make it. everything can make crypto currency, as long as it has a solid team and also investors.
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.
Of course the government can create their own cryptocurrency.
A lot of companies and corporations even think about their potential and launch their own.
They may even use this crypto as their own nation's currency in the future, I guess. Though I hope it is not under their control as it violates the advantage of crypto being decentralized but rather impose laws and ground rules to govern the use, impose tax and prevent crimes related to it.
A lot of companies and corporations even think about their potential and launch their own.
They may even use this crypto as their own nation's currency in the future, I guess. Though I hope it is not under their control as it violates the advantage of crypto being decentralized but rather impose laws and ground rules to govern the use, impose tax and prevent crimes related to it.
Well, a government can create a cryptocurrency, but if they make it centralize and reserve the right to influence its supply and flow that will make it almost undiscernible from fiat money and highly uncompetitive.
Idea is fantastic but they will never do this. Reason is, they are afraid of bitcoins that might be bitcoins would become the source of their disastrous life. Because when bitcoins would be implemented, they will never allow them to do corruption. They will never be controlling these bitcoins and hence no tax can be paid and they wouldn’t be having any profit from that. So they just claimed it illegal.
If the project is good why not. I will support it. If it will benefit for all country men, not for the rich people but for all. Equality. Why not. Addition also is when the politician has a good credibility. As long as that it is not controlled by a corrupt government or politics official that is know to corrupt and a politician that are only good when election is coming. I will not support.
What do you think about this possibility ? Would you invest in your government currency ?
I am sure that the government can do this with easy because they have a large resources and they have capability to do this. and if they are created their own crypto, I will learn first about their project, search for many information about their project, and if I can, I want to talk to them about their project because if I want to invest my money, I need to know everything about the project.
Governments can do this. Why? They can practically hire miners and start their own crypto, this isn't even a remote possibility at all. Crypto currency is gaining a lot of ground over the past couple of years and continues to garner interest from all walks of life. The question here is, how would that affect the current state of crypto currency? Personally, I think it would stir up a lot of controversy but BTC and other alt coins would continue to be on top of the mountain.
Are you really answering that it's "possible" without mentioning the petro? It has already happened, government cryptos are already on the market!
Of course they are going to centralized, it's the point of creating your own instead of accepting one of the existing ones. Governments who want to remain in control at the same time benefiting from the popularity of cryptocurrencies will surely try. Whether they succeed is another thing. I wouldn't buy into that if my government decided to create its own.
I've heard plenty of rumors that some countries are already making their own cryptocurrency, and i think you have a point there, they will try to find a way in order for them to benefit in crypto, but if i were to be asked if i would buy some, well likely i would not buy. Only if it is really needed or each one of us would obey their protocol, so maybe that's the time i would buy or invest to such centralized token they have made. Of course they are going to centralized, it's the point of creating your own instead of accepting one of the existing ones. Governments who want to remain in control at the same time benefiting from the popularity of cryptocurrencies will surely try. Whether they succeed is another thing. I wouldn't buy into that if my government decided to create its own.
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