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Topic: A government can create a cryptocurrency ? - page 9. (Read 1946 times)

sr. member
Activity: 840
Merit: 254
It can be. A government crypto is like a blue chip investment which although it has small profit, it is no likely to loss. They can create a new crypto but must not interfere with its system. They cannot make it centralize. If one government would make a difference, and all remaining countries will follow, then cryptocurrency monetary system is much possible now.
I disagree investing in anything that a government prints is always a bad business, you're not going to receive great interest rates or anything like that and when the system crashes, and while some people always say that that is impossible if you look at the history you will see that the system has crashed many times, then you will lose everything and that is not and investment in which that I want to risk my money.
full member
Activity: 392
Merit: 103
What do you think about this possibility ? Would you invest in your government currency ?

Will if government will create an Intial Coin Offering or ICO or a Crypto currency. Im absolutely invest on it. Because im sured thats 100% no scam. And there roadmap im sured they will grant it. But not immediately because mostly of government there process is so slow.
member
Activity: 200
Merit: 10
If any corporation or person can create  his/her own cryptocurrency what more the government. Once Government wanted to venture in blockchain technology, definitely there will be sort of cryptocurrency. Government can tokenize its current fiat curreny. They may do it gradually for the testing phase. But for sure, in time it will happen.
I think that the entire world should promote blockchain technology specially the governments because the future is of blockchain technology and it is important for everyone to know about this new technology. When a country legalizes bitcoin it means that they have completed survey about blockchain technology and found it right and then they allow bitcoin in their country.
full member
Activity: 364
Merit: 100
Blockchain with VTOS energy
What do you think about this possibility ? Would you invest in your government currency ?

In my own opinion, government should create their own cryptocurrency in order to reach the growth of bitcoins in the market because most of the people today are preferring to on cryptocurrency more than placing their money on the banks.
sr. member
Activity: 451
Merit: 250
I think that they can and even if they can make a cryptocurrency, I will never want to have it. First of all, the government control everything. Their products are something that are made to control the people that living in their country. Therefore, I will stick to anonymous and decentralized cryptocurrency such as bitcoin and ethereum
jr. member
Activity: 196
Merit: 1
I would stay a spectator, because for now, they should turn all the country law system upside down to perform this.
full member
Activity: 566
Merit: 102
With all the power, money and rules; i think a government will be able to create a cryptocurrency if they want to. But then what will happen to their government-owned corporation stock ??
They can because they definitely have so big resources and economy to handle anything but what I think no government would do that. Reason is, they don’t want to get caught. They always want to be free handed and continue corruption. If they have made their own crypto currencies then they can easily be identified whenever they start earning by corruption and I am sure they aren’t such fools.
newbie
Activity: 65
Merit: 0
What do you think about this possibility ? Would you invest in your government currency ?

It is possible, the government can create a crypto currency, because the crypto currency is the future technology. It will be neede in the future. Many advantages of crypto. The crypto so simple and secure.
member
Activity: 294
Merit: 10
I think that would be a great and interesting experiment for them and for us, but it is so hard to provide, so many things to do.
newbie
Activity: 100
Merit: 0
I think Iran is up to creating its crypto already.
full member
Activity: 546
Merit: 101
★Bitvest.io★ Play Plinko or Invest!
Any government could create a crypto-currency for their citizens to use in their own country, but one of the problem might be the needs to educate the whole nation citizens who are not technology savvy on how to use the digital wallet for sending and receiving money.
I think basically behind that's all., of course, can be related to their respective beliefs also encouragement until really good welcomed. I think if it is really supported, the government will not find it difficult to educate its citizens, the people can learn/helped by the people closest on them, from one people to another.
newbie
Activity: 71
Merit: 0
What do you think about this possibility ? Would you invest in your government currency ?

Yes, I think It is possible. The crypto currency is the future technology. The Govetnmet should accept the crypto or they create a new crypto. Because The crypto currency will be needed in the future.
sr. member
Activity: 1358
Merit: 261
Anyone can actually make a cryptocurrency, especially if the government starts to make their own, I honestly think that if the government starts to make their own cryptocurrency, hopefully there'll be balance and order, and I do hope that corruptness won't flow in once they have generated their own coin.
full member
Activity: 322
Merit: 100
What do you think about this possibility ? Would you invest in your government currency ?
Of course government can do that for sure they start studying on how they can create their own crytpo and I think it will support by the people but government will make a regulations on that, So let see what is the next move by the government of every country I hope government will embrace this new technology.
sr. member
Activity: 840
Merit: 254
What do you think about this possibility ? Would you invest in your government currency ?
If the government is well expert in blockchain technology and their rulers know well about the technology of blockchain and about its benefits then they will be able to create a cryptocurrency and they will implement it in their state as a currency for the use of the state. Anyone who will see their government starting a coin will readily invest in that coin as they will have a guarantee of safety from their state for their investment.

I am sure that the government has ability and expert in blockchain technology because they have an unlimited resource that they can use to find something that they don't know. and if they think that something will give many benefits to them, I am sure that they will try to create something different than any other products. and in the cryptocurrency, I am sure that they can create their own crypto easily and they can spread it to many people in that country and they will offer the benefits of their coin to them.
If a single person can create his own cryptocurrency it makes complete sense that a government can create their own cryptocurrency as well, and even if they have all the resources to try to push their own project the problem is that they are never going to create something that benefits the people, they're only going to develop something that benefits them and as a result their coin will fail at some point.
member
Activity: 166
Merit: 12
Governments can benefit from the use of blockchain technologies and solve a wide range of problems with their help. However, the currency issues are purely political problem. state currency is one of the foundations of the state and the creation of artificial competition can lead to unfortunate consequences.
sr. member
Activity: 980
Merit: 255
Of course, the Government of any country can develop its cryptocurrency. As examples you can look at the experience of Venezuela and Iran. But I am closer to the approach of Japan-not to invent a bicycle, but to work effectively with existing cryptocurrencies.
Correct, while I'm not surprised that Japan has adopted bitcoin so quickly since it's a country that is very advanced and loves to adopt the technology, at the same time I'm very surprised that they seem to be taking almost all the right steps, they created a regulation but it is not a very strict regulation, they have decided to just let the market do its thing instead of trying to create their own cryptocurrency, like the countries that you are mentioning, so I foresee that in the near future Japan is going to get a big edge over most countries around the world when it comes to foreign investment related to cryptocurrencies.
full member
Activity: 406
Merit: 156
Any individual that wants to create a new currency is free to do so as long as he has the technical skills to do so and of course a strong team to lead the project , do all the hard coding stuff and of course promote for the coin . He can get some programmers to do it and get some designers to make ads for it , even launch a signature/twitter/facebook campaign on different platforms such as this forum and it'll do the trick . Governments can regulate cryptos so i think making one won't be a difficult task for them especially if the government aims for eliminating paper money .
full member
Activity: 462
Merit: 104
Crypto Marketer For Whales
I would if the transaction ledger includes those of the politicians seated on the government. This is 100 percent transparency and I will fully support it. Such a feat would end corruption once and for all.
newbie
Activity: 122
Merit: 0
What do you think about this possibility ? Would you invest in your government currency ?


The government should accepts or create a crypto currency. Because Crypto currency is the future technology. You should accept it, No one can refuse the technology.
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