Topic: A government can create a cryptocurrency ? - page 5. (Read 1919 times)
The government certainly can do anything to make and advance the welfare of its citizens, and for now the trend that is happening globally is the use of cryptocurrency, I am sure that it is time for the country to make crypto so that it can make the transaction more efficient.
What do you think about this possibility ? Would you invest in your government currency ?
Anyone can make a crypto currency if there is a capital to make it. If the government does intend to make the crypto currency it seems possible, but they have to compete in the market.
What do you think about this possibility ? Would you invest in your government currency ?
It really depends on the use case, in Ireland you can buy the Irish Coin and have advantages if you are a tourit, but the overall use cases and benefits are really low. Estonia is also planning to have an own cryptocurrency with better use cases. And Venezuela has created the crypto currency Petrodollar which is aligned to the oil price. I think we will see a lot more of that in the future.
Venezuela created their own currency petro coin and now Indian government planning for their own rupee coin through centralised blockchain network
What do you think about this possibility ? Would you invest in your government currency ?
It will be a good Idea if the government in my country will create their own cryptocurrency currency for their project I am pretty much sure that many crypto supporters will love to invest because it is not just about making profit for personal gain but it is also about helping the country. Imagine you will surely earn big and at the same time helping your own homeland. What do you think about this possibility ? Would you invest in your government currency ?
They can if they really wanted to, government can be able to do that just like how they made their fiat. I saw in my thread last time a sweden coins if I am not mistaken. Haven't read anything about that coin yet, but maybe swedish already created their own cryptos. Correct me if I am wrong. What do you think about this possibility ? Would you invest in your government currency ?
Of course they can. Government has all the resources and the Intel to create crypto. But the question is, are they will to give up the integrity of their governance to the creation of cryptocurrency in their name?
It is time for the government to immediately make cryptocurrency, this is certainly not for the purpose of replacing the official fiat and as a second backup to provide convenience to anyone for the transaction.
of course that they can, why do you think that Venezuela has created it's own crypto? If i am not wrong, it was called Petro, it was a totally fail anyway, they raised more than millions of dollars and they have not even launched the coin yet.
Indeed, it is a possibility for a government to have its own cryptocurrency though it might not be in the near future as everyone should have access to the internet first.
Yes,government can create own cryptocurrency because goverment is powerful and i think if goverment create cryptocurrency manny persons invest it because know every persons is good to invest on crypto and manny persons become rich because of price is quick increasing and fast to increase.
It is possible. At the point when the administration tries to influence a computerized money then it to will unquestionably make another upset. The utilization of advanced money can be compared to a friend cash. On the off chance that it happens then it will be numerous individuals who utilize and could have the improvement of advanced money on the planet will increment with exceptional.
Certainly everybody and every governments can do it. But, we don't know when governments will create their own cryptocurrencies, Will they give us freedom?
it will be centralized currencies and I don't like them. governments will have an opportunity fully control them like fiat money and it's a threat for decentralization.
Why would you use a crypto currency created and controlled by the government? We already have fiat currency, we will not be needing that garbage to be honest. The main reason people are using crypto currency is because it is decentralized and free from government control. As soon as the government starts controlling the currencies it ends up being a centralized currency, something everyone is trying to get rid of.
What do you think about this possibility ? Would you invest in your government currency ?
It is possible, because the crypto currency is the future technology. It will be needed in the future.
Certainly everybody and every governments can do it. But, we don't know when governments will create their own cryptocurrencies, Will they give us freedom?
it will be centralized currencies and I don't like them. governments will have an opportunity fully control them like fiat money and it's a threat for decentralization.
Probably I would not choose to invest in government cryptocurrency, I don't fully trusted to the laws and regulations of government specially in our country. Government face a lot of problem encountered nowadays interms of corruption. It seems that we can not trust to their policies because even the government is not follow the laws they create. That's why I don't choose personally the government cryptocurrency.
you have to ask yourself: why would anybody use a government cryptocurrency? If the government cryptocurrency is centrally controlled by the government nobody is going to want to use it. People don't use cryptocurrency for the technology they use it because it's an alternative to fiat money. People use crypto, for the most part, because it is decentralized. A government is not going to create a decentralized cryptocurrency. This is against the nature of government. The government doesn't immediately benefit if they create a decentralized, open source cryptocurrency. They're too naive to even think this way. It's never going to happen.
Certainly everybody and every governments can do it. But, we don't know when governments will create their own cryptocurrencies, Will they give us freedom?
The Venezueleans currency have their own cryptocurrency which is being backed by their oil. i hear has been very succesful due to the amount of money that the government has raised from it.
If the government wanted, then it would be easy to create its own cryptocurrency. They will manage all existing rules, create their own prices, own market, and their respective functions.
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