Pages:
Author

Topic: Each country has its own crypto currency! - page 15. (Read 3644 times)

sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
November 01, 2018, 02:47:21 PM
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 depends on how its people will initially accept and recognize its own cryptocurrency for the fact that a country will only do the issuing once its government and the people have already know its worth to be considerate on deciding to establish and create their cryptocurrency. Maybe same thing will apply on how fiat currency of each country will work. The expensive ones will be those cryptocurrencies that are massively used by people and the rest are cheaper because only few are into it. I like the idea that each country will do represent their own by having cryptocurrency which can be probably possible to happen in the near future.
member
Activity: 308
Merit: 11
November 01, 2018, 02:17:10 PM
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?
Centralized coins of various countries will actually be digital copies of these national currencies. That is, they should cost as much as their national money. Therefore, it makes no sense to discuss how much the digital ruble or other digital currency of a particular state will cost. Most likely, these centralized cryptocurrencies will go mainly within each state and be used by their citizens. It is difficult to say how much they will be in demand.
newbie
Activity: 7
Merit: 0
October 30, 2018, 07:19:00 AM
That may be the diversity in the crypto market. However, it is difficult to control the flow of traffic between countries.
full member
Activity: 674
Merit: 101
I am hired and not own by any Team!
October 30, 2018, 05:31:00 AM
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?
Yeah because each countries has a lot of IT's, programmers and excellent coders ofcourse others already involved in crypto and if they want to earn more money they need to make their own coin and project.
jr. member
Activity: 98
Merit: 2
October 30, 2018, 05:26:01 AM
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?
Ok so then we will have a whole market of cryptos then, being controlled as US dollars controls all other currencies.
Wouldn't that centralize the power to super power country again?
Also same manipulation an suppression will continue.
We couldn't enjoy the benefits of "global money".
That would be life changing,
You don't have to keep calculating what the product is worth in your currency.

sr. member
Activity: 784
Merit: 250
October 30, 2018, 05:07:18 AM
That is very interesting, but as far as I know each cryptocurrency coin has its functions and purposes. So, what would be the functions of the coins if ever each country would have? It is possible, but the depicts the purpose of the coins.
member
Activity: 196
Merit: 10
October 30, 2018, 04:28:26 AM
Would say USAcoin, but this is not really a realistic question IMO. Smiley If all the countries launch their cryptocurrencies, which they control, than it is not really different, than traditional Fiat money.
newbie
Activity: 11
Merit: 0
October 29, 2018, 02:19:29 AM
I think that everything is double-sided. For cryptocurrency too. The diversification of the crypto market will make the investor have many options. However, it can also lead to market volatility.
hero member
Activity: 784
Merit: 500
October 28, 2018, 10:43:51 PM
when each country has its own cryptocurrency, the country can develop more advanced and the country will be able to receive payments through various countries with safe and very fast shipping or transactions, hopefully this future can be created and can facilitate economic conditions in all countries .
sr. member
Activity: 658
Merit: 251
VIMee - Social Network
October 28, 2018, 09:56:56 PM
Still, I don't see any country creating their own cryptocurrency but if the situation comes true defensively they will have their own coin because each country will have different rules and regulation in order to accept payment. Each country has different names of currency which will help them to have their own cryptocurrency.
member
Activity: 490
Merit: 10
October 28, 2018, 09:27:45 PM
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 see cryptocurrency only able to serve the business and it can not serve a country. Because the government always knows how their people transfer money to and how they source their income through banks and income information. If blockchain technology is involved in this, the government can not control the income as well as other information about the people. It is absolutely detrimental to the development of appropriate policies to stabilize and balance the country.
full member
Activity: 658
Merit: 106
October 28, 2018, 09:23:30 PM
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 is still depends on the acceptance if the people/demand. If people encourage to patronized their own country crypto coin and exchange and they can get more profit in investing to it then it was good. But if this crypto coin has no different value as a fiat money i think there is no different from it.
If that is true. of course the country with the largest population and strong economies like China and America will have the highest
coin prices? but I don't think that will happen. crypto in every country will only erode the existence of fiat
cryptocurrency price did not depend on population amount.demand on its coins give big influence to price.if coins developt well and has clear roadmap there were much investor support it.
jr. member
Activity: 160
Merit: 3
October 28, 2018, 06:23:57 PM
crypto made by the state will be different from crypto most of the time. because crypto is made by the state, the value will be the same as fiat or the country's money. it makes no difference with the exchange of national currencies. crypto made by the state, will have a more stable value, and this will not be favored by most cryptocurrencies users who often trade by utilizing fluctuating prices on the market.


I agree with you mate, still have manipulation in each state coin and they can control the said crypto like the fiat currency today.
jr. member
Activity: 420
Merit: 1
October 28, 2018, 04:11:37 PM
crypto made by the state will be different from crypto most of the time. because crypto is made by the state, the value will be the same as fiat or the country's money. it makes no difference with the exchange of national currencies. crypto made by the state, will have a more stable value, and this will not be favored by most cryptocurrencies users who often trade by utilizing fluctuating prices on the market.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
October 28, 2018, 01:15:00 PM
Many countries have anti-empathy for bitcoin, but not blockchain. Until now, each country has understood the blockchain performance, some have implemented it in their banking system. By adopting the system from bitcoin, their practice seems complete to launch crypto currencies themselves.
Even though this will be a reality, I think the nature of their cryptocurrenciess is not speculative, because they will be based on fiat currency. So, expensive and cheap their crypto values, this will depend on the value of their fiat currency.
A cryptocurrency created by the government is going to have the same value as their fiat the only thing that it will change is its form, but what it is the point of holding such cryptocurrency for people like us? None, we are not going to get any benefit out of this and they are not going to deceive us, however the average person is not going to have any need for that cryptocurrency either so if we have a problem with adoption and how to get people interested in cryptocurrencies, I think the governments are going to have an even bigger problem.

So I am not afraid of the governments releasing their own cryptocurrencies because I know it is going to fail in the same way their fiat currencies are going to fail as well.
sr. member
Activity: 882
Merit: 251
October 26, 2018, 02:13:08 AM
I wouldn't be surprised if there are so many currencies including crypto. If the token doesn't use some kind of decentralized distributed ledger based technology, it won't survive long term IMO. That would completely contradicts the purpose of blockchain Technology.

Even if such a situation happens, we will see these different cryptocurrencies not earlier than in 7-10 years. I guess, many countries are very skeptical still about the crypto. Probably, when Bitcoin start growing fast, something will be changed.
hero member
Activity: 1008
Merit: 501
October 24, 2018, 08:47:59 PM
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 is still depends on the acceptance if the people/demand. If people encourage to patronized their own country crypto coin and exchange and they can get more profit in investing to it then it was good. But if this crypto coin has no different value as a fiat money i think there is no different from it.
If that is true. of course the country with the largest population and strong economies like China and America will have the highest
coin prices? but I don't think that will happen. crypto in every country will only erode the existence of fiat
jr. member
Activity: 364
Merit: 3
GIGZI - INDEPENDENT WEALTH MANAGEMENT
October 24, 2018, 07:11:26 PM
If on the future time the cryptocurrency will be popular and accepted by every country around the world , then there will be a big possibility that every country would make its own cryptocurrency, like what happen know that the fiat money is the era today , all the countries have their own fiat money, it is near that the countries will also have their own cryptos if ever the cryptocurrency will be popular and accepted and used.
sr. member
Activity: 1193
Merit: 251
October 24, 2018, 06:19:51 PM
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?
The creation of state crypto-coins has been talked about for a long time.So let's imagine that these coins have already been created.If they are created then 100% of these coins will be tied to Fiat public money.And it seems to me the growth will be the one the investors will believe in.That is, even the citizens of their own country will be able to not be afraid of their savings and store it in this national cryptocurrency.This is a very good marketing and economic move.I hope this comes true soon.
legendary
Activity: 3122
Merit: 1140
October 24, 2018, 05:52:38 PM
Many countries have anti-empathy for bitcoin, but not blockchain. Until now, each country has understood the blockchain performance, some have implemented it in their banking system. By adopting the system from bitcoin, their practice seems complete to launch crypto currencies themselves.
Even though this will be a reality, I think the nature of their cryptocurrenciess is not speculative, because they will be based on fiat currency. So, expensive and cheap their crypto values, this will depend on the value of their fiat currency.
So whats actually the point on creating such e-currency if they have fiats? If such integration would happen then there would be lots of adjustments to happen and I don't see a strong reason why
these countries would be convinced on creating on their own coin? They can use up blockchain tech into other field but I don't believe they would focus out on creating that country coin that had been mentioned.
Pages:
Jump to: