BTC + Altcoins VS National Cryptos | Bitcointalksearch.org

entrepmind23

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Quote from: Rajamuda on May 17, 2018, 03:50:06 AM

Everything is really not yet certain where the direction is about that, which obviously I think it will be difficult if Btc replaces the common currency and will be prioritized, fiat will still be the most preferred. I think crypto will only be a virtual currency (alternative currency) that will not go extinct.

I think so too that fiat will still be existing along with other cryptocurrencies as a mode of payment as the crypto payments will not be fully implemented in all places in the world because of some technological problems. As for making national cryptocurrency, Japan is already planning to do it so it is to be expected that other countries that accepts crypto will consider doing this as well since they know that blockchain technology is a big help to minimize cost with more efficient transactions.

Quote from: BTCeminjas on May 15, 2018, 12:59:06 PM

I don't think it is possible that having an altcoin to threaten bitcoin near in the future, so far there is no other cryptocurrency that having potential who can replace by bitcoin level. And national crypto will the same an altcoin but one thing I am sure this coin will be centralized and the price was controlled by the government, while on other hand bitcoin and other cryptos were not due to a decentralized coin.

I have some question that ruins in my mind, time to time countries adopting cryptocurrency it has a possibility that cryptocurrency or bitcoin will be legalized it has a chance of being centralized coins?

The coins develop so far are decentralized which means no one controls it except maybe for Ripple but when the government decides to create their own cryptocurrency then it would be centralized since they have control of it.

Take a look at this article https://www.coinspeaker.com/2018/05/16/mufg-japans-largest-bank-plans-launch-cryptocurrency-2019/

Greenkarki

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It would be really interesting when there is a competition takes place between fiat's and crypto, a competition between crypto currencies enters which would cast a new violation. Let's push up crypt movement amongst nations. Let bitcoin or other crypto rule the nation's and bring economic growth standard to next level.

Rajamuda

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Everything is really not yet certain where the direction is about that, which obviously I think it will be difficult if Btc replaces the common currency and will be prioritized, fiat will still be the most preferred. I think crypto will only be a virtual currency (alternative currency) that will not go extinct.

KorakPawon

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over the past few years the rise of bitcoin to date and this is a sign that bitcoin is getting popular or arguably more digital or crypto currencies are using worldwide.

Oceat

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Quote from: btc-facebook on May 12, 2018, 11:11:46 AM

When bitcoin become popular , every one try to make similiar copy for bitcoin , well it's normal.
Let's take a look on amazon and Ebay , they are similiar but different ,right ?

For who able to win people's heart , it can keep exist longer than other unpopular !

It is inevitable mostly when something is gaining too much attention it will gather more people that are too curious that's why it will easily could gain some attention and will lead to a popularity. Bitcoin was not that too popular to everyone since it was not legal and it is just merely used in the black market until most people are starting to use it as a type of untraceable transaction of the owner, that's why most people that likely to use it are those people who buy in the black market.

MCVXYZ

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We like and trust the ideas behind the decentralization,We love that there is no need for intermediaries,By the different coins there is no need to hire someone to achieve our business or another special goals,Let's get ethereum how strong and smart is it...So I just want to say that the key is the idea behind the concrete project and if people have trust in it cryptocurrencies will be the number one,Anyway everything depends on how people value it...

Magic Sarap

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Quote from: Cryptoteleutios on April 30, 2018, 03:58:11 PM

Hi everyone,

I have some thoughts about the future of cryptocurrencies. At some point, even if they do not get to be regulated, still the countries will have somehow their own digital currencies issued. How do we make sure that BTC will dominate the respective national cryptos of each country? Or BTC will eventually turn entirely into an asset, leaving space for other currencies as means of payment?
Simply thoughts about the future from a new guy.

I don't know about some cryptos. Bitcoin i've only knew! So, maybe that national cryptos is not popular?

Tigorss

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the best thing is when a country agrees with the existence of bitcoin they should be able to regulate it and make its own regulation for bitcoin use because bitcoin can destroy their economy if not regulated.

hacekd

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Quote from: Greenkarki on May 01, 2018, 12:33:57 PM

Quote from: Cryptoteleutios on April 30, 2018, 03:58:11 PM

Hi everyone,

I have some thoughts about the future of cryptocurrencies. At some point, even if they do not get to be regulated, still the countries will have somehow their own digital currencies issued. How do we make sure that BTC will dominate the respective national cryptos of each country? Or BTC will eventually turn entirely into an asset, leaving space for other currencies as means of payment?
Simply thoughts about the future from a new guy.

When a country starts its own crypto currency, it has finally understood and agreed the strength of crypto currencies. Just like other ICOs, when they start up, they need to go through ICO journey and get through to gain values. Every action is depend on bitcoin. So either way, the country has to adapt bitcoin at the beginning. Not every new crypto gains its place in the market. So one needs to get adapted to crypto currencies. National cryptos still become one of the altcoin anyways.

the best thing is when a country agrees with the existence of bitcoin they should be able to regulate it and make its own regulation for bitcoin use because bitcoin can destroy their economy if not regulated.

carlfebz2

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DGbet.fun - Crypto Sportsbook

Quote from: Cryptoteleutios on April 30, 2018, 03:58:11 PM

Hi everyone,

I have some thoughts about the future of cryptocurrencies. At some point, even if they do not get to be regulated, still the countries will have somehow their own digital currencies issued. How do we make sure that BTC will dominate the respective national cryptos of each country? Or BTC will eventually turn entirely into an asset, leaving space for other currencies as means of payment?
Simply thoughts about the future from a new guy.

Bitcoin wont eventually turn into an asset nor to be a coin to dominate when it comes to digital aspect or transactions.We are already gradually seeing now that government do create their tokens inspite on using up bitcoin.Why? This simply answers that they dont like to consider to buy or use up to those things which cant really be controlled.They are already aware into its feature this is why they do come to a point or do have idea to create a coin instead which will be entirely controllable by them.

BTCeminjas

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I don't think it is possible that having an altcoin to threaten bitcoin near in the future, so far there is no other cryptocurrency that having potential who can replace by bitcoin level. And national crypto will the same an altcoin but one thing I am sure this coin will be centralized and the price was controlled by the government, while on other hand bitcoin and other cryptos were not due to a decentralized coin.

I have some question that ruins in my mind, time to time countries adopting cryptocurrency it has a possibility that cryptocurrency or bitcoin will be legalized it has a chance of being centralized coins?

Taki

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I know only one national crypto is Venezuelan Petroleum or something like that. It's hard to judge the situation with national crypto currency leaving in another country on the other continent, but as I see from news everything is going well and Petroleum has some kind of success. It would be interesting to hear opinion of the insider, so if any of you have something to share, please, reply.

avikz

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Quote from: Cryptoteleutios on April 30, 2018, 03:58:11 PM

Hi everyone,

I have some thoughts about the future of cryptocurrencies. At some point, even if they do not get to be regulated, still the countries will have somehow their own digital currencies issued. How do we make sure that BTC will dominate the respective national cryptos of each country? Or BTC will eventually turn entirely into an asset, leaving space for other currencies as means of payment?
Simply thoughts about the future from a new guy.

I don't think any altcoin is a threat to bitcoin. If it happens to be a threat, by now we would have seen an impact especially when market is over burdened with thousands of altcoins. Same goes with national crypto currency as well because a national crypto currency will have boundary limitation and it will be strictly centralized. So the users of bitcoin will continue to use it without even giving a second thought. Probably some percentage of their portfolio will go to their respective national crypto but bitcoin will remain as the king of all time. I don't see any competition between these two.

iconternal

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Yes it could happen that bitcoin will be made in their national currency but this can be a time or a very complicated process to apply.

dongosquad

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National cryptos, if it is realized it is a government effort in controlling cryptocurrency is safe and has an official administrator. So far the prohibition against bitcoin and altcoin is of a decentralized nature so that it can not be controlled by the government. So with the national cryptos, the government can control it, but inevitably it will depend on bitcoin prices.

richardsNY

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Quote from: btc-facebook on May 12, 2018, 11:11:46 AM

Let's take a look on amazon and Ebay , they are similiar but different ,right ?

In this case competition is good, but in what way do altcoins contribute towards competition? It's not that Bitcoin has to prove anything, especially so when you take into consideration that if I use Bitcoin as form of payment, why should I use another coin in the same way? Altcoins have to make sure they differentiate themselves from the crowd in their own way, and that's exactly what we see happen. On the other hand, Ethereum hasn't really much competition in its own ecosystem range either. Just like Bitcoin is the one and only in its own ecosystem range, Ethereum is so too, which perfectly explains why it enjoys such popularity. Having that first mover advantage is very important....

btc-facebook

legendary

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When bitcoin become popular , every one try to make similiar copy for bitcoin , well it's normal.
Let's take a look on amazon and Ebay , they are similiar but different ,right ?

For who able to win people's heart , it can keep exist longer than other unpopular !

SUDARMONO

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It can all happen for the future, but I do not think it's as easy as you say, because we understand that bitcoin has the belief of the world community.

audaciousbeing

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Quote from: Cryptoteleutios on April 30, 2018, 03:58:11 PM

Hi everyone,

I have some thoughts about the future of cryptocurrencies. At some point, even if they do not get to be regulated, still the countries will have somehow their own digital currencies issued. How do we make sure that BTC will dominate the respective national cryptos of each country? Or BTC will eventually turn entirely into an asset, leaving space for other currencies as means of payment?
Simply thoughts about the future from a new guy.

The future of crypto currencies at this time still remains in a dicey scenerio at this time but your fear is a valid one though because at some point when government decides to accept the reality of crypto currency, they would surely come up with their own crypto and because of the power of legality, the media to push it, the agency to enforce it, its more likely that those might be more popular than the bitcoin or other crypto coins that we have now.

However, if there is any consolation, there is one thing that btc will have that those wont have which is the anonymity and control. We all know that when government comes with their currency, there control will surely be present and I dont expect some already involved with this current situation be appealed with whatever is coming. Another reason is that so far one country launched its own crypto, I am sure others are towing the same line which then means they would be competing against each other and while the local crypto might be winning in their respective countries, btc will have its way internationally.

stomachgrowls

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Quote from: jseverson on May 02, 2018, 02:15:26 AM

Quote from: stomachgrowls on May 01, 2018, 04:14:44 PM

Sticking with national cryptocoins would be just still the same on using your traditional local fiat.

The thing is, this isn't necessarily a negative to most people. Crypto people would hold their heads high on their high horse and give lectures on economic freedom, the evils of inflation, the beauty of decentralization, and whatnot, but the fact is, most other people don't care. Fiat is all they've known, and they'd probably be the first to tell you that it works for them. If digital fiat is able to copy most of Bitcoin's best features, they'd probably be more likely to choose that (for utility as a currency, at least) over Bitcoin.

No doubt on that part which even myself would consider that digital fiat over crypto if the time comes because we do know its being backed by the government which we do really feel security and think of that it wont easily inflates or do have a stable value and as part of human nature we would normally choose up things which wont really give any headaches to us.We do always like to play safe that's why we normally choose things when we saw theres stability.

Topic: BTC + Altcoins VS National Cryptos (Read 314 times)