Central bank coins vs crypto space coins - page 2.

Beparanf

hero member

Activity: 2954

Merit: 796

Quote from: Aabcde on January 11, 2020, 10:00:31 PM

It will definitely become a stable coin. Because the bank will not make its currency a matter of speculation.
And I don't think much can be obtained from stable coins other than to secure funds from volatility. And although stable coins provide benefits, I think crypto will not die because crypto coverage is wider while stable coins are only limited to payments and securities.

Some have different reason why they choose one and another. Some stable coins are worth having as it provides much security in terms of volatility of prices. But some altcoins were better as they give chance for us to earn as much as we didn't know till how much. Both have difference it's on how risky and depends on benefit that we wanted.

cryptoknight527

newbie

Activity: 81

Merit: 0

Would make sense if this can be done.. A stable coin in each currency too will be good

doctor877

full member

Activity: 896

Merit: 115

This will definitely be a stable coin backed by fiat and it will be regulated . This won't be profitable by usage because it's just going to be a crypto model centrally controlled to counter the real crypto so people can at least use it for online payment and transaction. It will definitely be regulated.

huu78

sr. member

Activity: 1204

Merit: 253

Undeads.com - P2E Runner Game

Quote from: Furryball on December 30, 2019, 12:29:15 AM

I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

1. The possibility of some banks will adopt because China already adopted the blockchain first.
2. As well as the investment they are looking for profit and they can leave the crypto if the profit given is bigger is not stagnant.
3. Because it comes from the government and is assured of the fraud, real projects, assets monitored and protected by the agency could possibly be an asset 2nd of CRYTPO to save the reserve funds to them.
4. As with China after making their own coins, people are forbidden to use crypto or other coins and can only use coins from the government.

CryptoOtopusso

newbie

Activity: 24

Merit: 0

I see very often nowdays that appear on market applications for sending money from bank to bank without our account log in.... like BLIK or something else - its take a cryptocurrency role... We have now only decentralisation and own store value arguments.

Kyraishi

hero member

Activity: 952

Merit: 513

I don't even think that they should be put into the same categories as cryptocurrencies.

Sure, they use the underlying mechanisms, but cryptocurrencies generally have the connotation with them that they are decentralized and independent from the government and this is clearly not what central bank coins are for. In fact, they are simply a type of fiat currency which is hosted on a different platform, if you will.

It's very difficult to evaluate the exact impact of these central bank tokens on the wider decentralized crypto market, but it shouldn't be anything overly positive.

NathanJB

sr. member

Activity: 756

Merit: 251

Quote from: Furryball on December 30, 2019, 12:29:15 AM

I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?

They are going to be stablecoins most likely.

Quote

2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?

If they are not stablecoins, the central bank, the monetary policy makers, the economists, and the whole government itself would have a very hard time planning what happens to their economy next. That is why it is most likely a stable coin.

Quote

3. Maybe people will just use them as a plus since it's from the government?

Many people will find it easier to spend and accept because it is under the government.

Quote

4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

Regulations will always be there in all aspects.

Aabcde

sr. member

Activity: 1050

Merit: 256

It will definitely become a stable coin. Because the bank will not make its currency a matter of speculation.
And I don't think much can be obtained from stable coins other than to secure funds from volatility. And although stable coins provide benefits, I think crypto will not die because crypto coverage is wider while stable coins are only limited to payments and securities.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: Furryball on December 30, 2019, 12:29:15 AM

I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?

I think majority of them will be stable coins, but I might be wrong.

Quote from: Furryball on December 30, 2019, 12:29:15 AM

2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?

I doubt it, crypto enthusiast would invest on crypto back by government because of huge tax.

Quote from: Furryball on December 30, 2019, 12:29:15 AM

3. Maybe people will just use them as a plus since it's from the government?

It wouldn't hurt if you're going to invest, but I would rather put my money on crypto that I have total control.

Quote from: Furryball on December 30, 2019, 12:29:15 AM

4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

Regulations will come, but I don't think that other coins will be neglected. People are still going to invest with crypto.

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

Obviously, all presented coins of this type will be stable, because they represent the currency of certain banks.
That is, each bank simply dreams of converting its currency into a digital environment. Thus, an unsecured currency will turn into just a set of numbers, and in case of default, nothing will have to be returned to customers.

christian07

full member

Activity: 265

Merit: 102

For sure central bank coins have stable price then regulated
and can be trace with tax and high fees still this can be useful

Then crypto space coins have volatile price then not regulated like vice versa of central bank
coins so this are good for an investment and we can use this or save this with our own

So they have different worth so look at that than think negative

TheClownSong

sr. member

Activity: 1428

Merit: 251

Quote from: Furryball on December 30, 2019, 12:29:15 AM

I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

I think coins originating from central banks can still be called fiat money because their supplies are controlled by the central bank and only other forms of paper money. The central bank can still increase supply in the market and I think there is no supply limit for this coin because the role of the central bank is to balance the value of the currency

meliodas

sr. member

Activity: 742

Merit: 329

CryptoTalk.Org - Get Paid for every Post!

Quote from: bigcash2011 on January 10, 2020, 03:17:50 PM

Please be very clear that even if every country or institute launch its own coin the uniqueness and market for real crypto that is for btc, eth etc will stay and grow further, these govt coins will infact help adoption and the impact will be huge for the real crypto market in my opinion.

Yes, there will be an impact to the original cryptocurrencies in the market. If the government or the banks issue their own type of cryptocurrency, mostly stable coins then it will make the majority of its citizen that the cryptocurrencies are a good choice in general and that is how the demand for the original cryptocurrency will grow.

Rcoinmoon

jr. member

Activity: 114

Merit: 1

The Decentralized TCP/IP Internet Protocol

Crypto will always win because of it decentralized nature of operation which is way different from that of a centralized bank.

bittraffic

hero member

Activity: 3038

Merit: 617

I'd like to believe these stablecoin are going ot be on exchanges as well for easy access to fiat to crypto and maybe it would also be easy for forex traders to withdraw their funds without having to go thru paypal but from the broker itself going to their bank accounts. Government backed coins will replace the fiat which will turn the country into cashless, the old folks I guess must adopt.

bigcash2011

sr. member

Activity: 1442

Merit: 265

Please be very clear that even if every country or institute launch its own coin the uniqueness and market for real crypto that is for btc, eth etc will stay and grow further, these govt coins will infact help adoption and the impact will be huge for the real crypto market in my opinion.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Furryball on December 30, 2019, 12:29:15 AM

I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

To answer your questions:

1. Yes, they are going to create stable coins that will be based on their fiat except that those coins will be worse since they will know everything you are doing with your money.
2. Not going to happen.
3. Many people will prefer to use those coins instead of decentralized currencies just as it is happening with fiat.
4. Regulations will still to come to this market even if that happened, since the whole point of releasing their own coins is to create a competition between their coins and the coins of this market to confuse the general public and they do not invest in true decentralized currencies and settle for cheap imitations.

BlackFor3st

hero member

Activity: 1932

Merit: 506

Betking.io - Best Bitcoin Casino

Quote from: Furryball on December 30, 2019, 12:29:15 AM

I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

There's a lot of puzzle once this will happen, if Central Bank will create their own currency there is a big chance that it is a stable coins because most of the banks didn't like the big fluctuations of their currencies as what I have observe base on fiat.

If in case it is not a stable coins then the crypto community have plenty of options for investment but it doesn't mean that many will leave crypto space.
Regulations is what came from the government and Central Bank also therefore there is a big chance that regulations will come after their successful launch.

karanggatak

hero member

Activity: 1106

Merit: 506

1. I think coins made by the government are certainly stable and centralized coins and definitely make fiat currencies the benchmark.
2. Central bank coins are stable coins so that they will not threaten or reduce the dominance of bitcoin and altcoin in the cryptocurrency market.
3. Yes maybe someone will use this stable coin as a substitute for fiat money.
4. Certainly the government will definitely make rules so that its cryptocurrency can run well and be controlled by the government.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: Google+ on January 06, 2020, 06:48:27 PM

Quote from: TastyChillySauce00 on January 06, 2020, 06:06:31 PM

Quote from: stephanirain on December 30, 2019, 12:43:51 PM

Cryptocurrencies made by central banks are more likely to be easily be manipulated to favor their business over market. They might as well make amends with the government for favorable regulations. They will also more likely to be stable coins. The blockchain technology can revolutionize the market but it can also be used to make only some capitalist businesses take more control over the market. Hopefully, things can work out and they can be fair with their clients.

Well if the central banks want to deploy and release their own stablecoin the blockchains system that is implemented to the coin will certainly be a lot more centralized and by that the blockchain will lose its nature of irreversible transaction as well as the anti manipulation. Basically just the same as the current system the bank currently has and yes that's pretty much sums up what'll happen in the future.

indeed stable coins issued from banks will make a lot of very good changes, especially those using blockchain technology which in my opinion can provide very many benefits, banks will use blockchain technology but banks will also make their own coins which will be more stable and supported by banks the.

It looks like almost of all digitized fiat money will be used blockchain as the core but im still not sure if this willl happen but just try to give my opinion about that.
As long as we will have gateway with those stable coins that created by the bankers and we will fine about that. Crypto can get the new funds from there. but we must wait about the spesification of the stable coins that will be issued by those bankers whether it will be using blockchain or not.
I think we will see that very soon as the majority of central banks have already started the development.

Topic: Central bank coins vs crypto space coins - page 2. (Read 1185 times)