Topic: Each country has its own crypto currency! - page 12. (Read 3603 times)
Yes, if in the future crypto has become popular and accepted by many countries, the government will make their own cryptocurrency like fiat currency that each country has its own currency as a symbol of the country.
Isn't Venezuela trying to implement that, or haven't they already? Won't work in a country run by a pompous dictator. Need a free democracy for it to work IMO.
when each country has its own cryptocurrency currency, it will make the price conditions at the exchange place have an uncertain movement or the price will be easily manipulated and will create chaos throughout the country.
Like fiat currencies, every country will have their own crypto and price of an individual crypto will be depend on the performance of country which enforce it. At the end of the day, it means that use of fiat currencies is reduced and crypto currencies are evolved to fiat currencies. By this way, countries will have cryptocurrencies which are not decentralized.
This is very possible in the future. People needs to understand that if these things happen then governments own their respective crypto currencies and not individual, groups or companies that are behind the coins at the moment.
The country with the best economy obviously will be the most valued of them all. Perhaps the US dollar or who knows in the future other currencies beat it.
The country with the best economy obviously will be the most valued of them all. Perhaps the US dollar or who knows in the future other currencies beat it.
I think it's good to see each country has their cryptocurrency and I think they will compete with the other country to get a better position. But it is difficult because it will need approval from the government and before it's happening, they need to study about the crypto itself. I am sure that every government wants to make their crypto currency because the benefits and the profit will bigger.
If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
Well the value of crypto will be measured through its supply. The higher the supply the cheaper the crypto will be. There are considerations also on assessing the value of a crypto and that is the marketcap volume of it. The higher the demand for that crypto then the higher market price or expensive it will be.
I think why government have their own cryptocurrency if they already paper money and digital money that they already control. I think government will keep using their fiat currency because its centralized and its different with bitcoin because bitcoin is decentralized cryptocurrency
The idea is good but to check the perfect implementation it will takes time and now crypto is the world biggest market for investment like in the past when you have Dollar you can trade in the world the same is now for crypto and people use this for International trade the best feature off crypto in my mind is the virtual nature and usable in every part of the world, If every country start it's own crypto currency then just like now the fiat have different values the same will be with this trend.
I think that, if countries have their own cryptocurrencies, their cryptocurrencies will probably have inflationary model, so they will lose their value at the end. But i do not think that we will see that soon.
For the future, maybe every country will have its own cryptocurrency, because technological advances will cut some inefficient activities such as the use of human resources for accounting records in banks, because that position will be replaced by blockchain technology that is faster, more efficient and safer. Cryptocurrency in each country will make transactions more efficient, but the use of fiat money still exists because the intellectual level of society is not uniform, there are even those who are illiterate. 
If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
It will be the future but not in our century .... paper cash rules now over the world, we need a lot of time 
Could it be possible? I don't think each country will make its own cryptos. How about those countries who are banning cryptos once and for good? But if that's really going to happen, then i think those countries whose cryptos have very good concept and use case will prevail.
If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
This will be very interesting to see. I wish it can happen let me see how the world powers will also rival each other in crypto.I think this will be possible in the future, governments will make their own crypto currency and implement it for the people to use it as their country's main currency which is not good for the crypto currency we have now, or maybe Bitcoin will be an alternative currency for all, if the governments make their own currency.
If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
I don't think their prices will be more expensive than Bitcoin price. I think so because the number of coins they spend must amount billions of coins.. but if it's only coined between countries, then I can be sure that the British cryptocurrency will return the highest value of all cryptocurrencies issued by all countries in the world 
I think that, if countries have their own cryptocurrencies, their cryptocurrencies will probably have inflationary model, so they will lose their value at the end. But i do not think that we will see that soon.
If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
It all depends on what these cryptocurrencies will be provided with. Growth will depend on it. If these currencies are provided by the economies of each country, then this is essentially nothing more than a digital version of their fiat currencies. That is, we get the same rate as in the usual foreign exchange market.
If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
This will be very interesting to see. I wish it can happen let me see how the world powers will also rival each other in crypto.
I think if each cryptocurrency will have the support from the government, then of course any cryptocurrency will have a stable future for development and gradually the demand for any of this cryptocurrency will only increase.
If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
This will be very interesting to see. I wish it can happen let me see how the world powers will also rival each other in crypto.
will this be applicable? with the properties possessed by crypto, I think the state will rethink to make crypto itself.
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