Each country has its own crypto currency! - page 17.

Osarman

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Quote from: nur rochid on October 15, 2018, 06:32:01 AM

Quote from: Ycekezuv on October 15, 2018, 04:59:33 AM

Recently, news about the fact that countries are beginning to develop their stablecoin is often heard, so it is quite possible that all countries will soon work with cryptocurrency!

in future it will lead to that, but i think it takes a long time, considering there are still many countries that are not ready to accept it. and i think for a country that knows BCC first, it will prosper if BTC is permitted in all countries

No, there are around 5000 crypto coins available in the crypto world which is well available all over the world but the problem is that due to the interference of government crypto currencies did not achieve that much popularity which it deserves.

People are enjoying and have a great time with these crypto coins both as investment source as well as payment mode furthermore it is tax free which is a another great benefit to people. However, people where government has implemented tax over these crypto coins are not so comfortable but still its high potential profit making makes it better than any other source.

Buttermellow

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Quote from: KGBx on October 13, 2018, 08:46:22 AM

I think that this scenario is possible only in condition that such coins will replace fiat in that countries or if that tokens will be used to work with taxes, tenders etc.

Well it is not possible to even those coins/tokens that are not being made for the purpose of taxation because the tax could be directly added to the exchange and that does not complicate things.

I only think of something how other country would react for this for sure the USA won't let this to happen for this will create a bypass in purchasing power of US dollar currency.

nak02

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Nothing to compare to our fiat money symbol just like mention of the other people here but it will fastened the transaction thru blockchain technology but I guess we need to strengthening the security of this process because we know that many hackers are going to stole regarding money.

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Quote from: Dimon8 on May 24, 2018, 07:11:42 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?

I don't think this will even come to play as it is somehow going against the objective of having a decentralized currency. There isn't any need apparently for countries having a national digital currency as it were so as not to replicate the fiat system again.

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it has become a very natural thing but there are still a number of small countries that do not have cryptocurrency, hopefully the more developed technology will be the more platforms from various countries have and create their own cryptocurrency. because by having cryptocurrency the world economic condition is getting better and can be safer and easier when you want to do any transaction from all over the world.

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Quote from: Capt00 on October 16, 2018, 04:39:08 AM

If all countries have their own cryptocurrency and that is also considered as an alt of bitcoin because of the bitcoin price movement also altcoins were swinging the price. So, it means the coins that they have is worthless and not tradable just like shitcoins in market cap.
However, the value of the cryptocurrency is not relying on the value of their local currency because it depends on bitcoin price.

I don't think so, the digital moneys that the states will create will be replaced by the paper money and they will be used as a payment method. Do you think there is a possibility that they would be shitcoin? Also it is not true that they will be based on Bitcoin. Because the money to be created will be much different than Bitcoin, otherwise they could accept Bitcoin.

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I think that the ratio of the price of such coins will be the same as the ratio of the same Fiat coin.

Marsilius

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Quote from: ninis45 on October 08, 2018, 10:55:50 PM

it can happen that each country will issue its own cryptocurrency but this is very difficult because crypto is very different from fiat and they do not have full control of crypto money that is why they might prefer to legalize and provide security facilities and services for cryptocurrency.

If a country announces its own cryptocurrency it will be usable only inside the country and outsiders will not accept it. It is also good for the people of a country that they will use their wallets of their own crypto but for global use they will need crypto like bitcoin which is acceptable to the whole world. I am not against a countrywide crypto but it will not work like the global crypto.

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Quote from: Dimon8 on May 24, 2018, 07:11:42 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?

I have no doubt that governments in the future are going to release their own cryptocurrencies and are going to try to make it seem as if their coins are better because not only they will have the characteristics of several cryptocurrencies but since those coins are going to be centralized they are going to have similar characteristics to fiat as well, like the ability to chargeback transactions and protect people from scams that way.

But as we know the ability to chargeback money that is in your wallet means that you do not really own the money that is in your wallet because at any time governments or banks could freeze your assets, but as we know people are too happy to exchange freedom for security and so it is likely those coins will become successful.

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No honest government will adopt a decentralized Cryptocurency.

The transparency, immutability, fixed supply and decentralized aspects aren't something they will find funny ... this is just my opinion/theory.

True Cryptocurency and dishonest government are like water and oil.. . both cannot mixed together.

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I think its not good idea that each country will produce its iwn cryptocurrency because like fiat currency it will be controlled by the central bank thus it became decentralized. Bitcoin's being decentralized is what it makes transactions faster and less costly.If other countries cryptos will centralized it will the purpose of decetralization.

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I do not think that something to change in comparison in a present state of affairs. so will be so or will not be, will not change the real situation.

geberger

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Quote from: kifumi on October 11, 2018, 08:21:56 AM

Quote from: Dimon8 on May 24, 2018, 07:11:42 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?

Im wonder about this one, since the coin is own by the government. It would be many manipulation to the coin becoz you know the government very sly when see something worthy. About the future it self it's depends on how can we use it, if there's no function to the coin at all then its worth nothing.

All currency has same rules and price but bitcoin is different.You should concentrate on bitcoin other coins are totally useless to investment especially long term invest.

Capt00

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If all countries have their own cryptocurrency and that is also considered as an alt of bitcoin because of the bitcoin price movement also altcoins were swinging the price. So, it means the coins that they have is worthless and not tradable just like shitcoins in market cap.
However, the value of the cryptocurrency is not relying on the value of their local currency because it depends on bitcoin price.

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Quote from: deppil on October 08, 2018, 10:55:03 PM

Quote from: dmamigo on October 08, 2018, 02:08:13 AM

Quote from: setialovers on October 07, 2018, 09:10:29 PM

Quote from: Dimon8 on May 24, 2018, 07:11:42 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?

I think it will be like fiat money, because still controlled by government. And like current fiat money, its depending on their economic strenght. I think it can not called cryptocurrency because central banks still control the supply and the value

Absolutely true, it will be like fiat money, but in digitized form. They will be controlled by the government and their value will be determined by worldwide actions and economy. It will be based on blockchain technology probably using cryptography, so we may call it cryptocurrency.
They will have both pros and cons if this happens. This will kind of promote usage of the other coins as they will not be regulated and will be without restrictions, and also it may create problem to the orthodox people and there will be many such pros and cons.
It is quite far-fetched thought, no surety if this is going to happen, if yes, when.

If that happens what about fiat local currency? then is fiat money be removed? and if every government makes their own cryptocurrency but centralization. what is the difference with fiat currency which is also centralized. I think the government will never make its own cryptocurrency

No one will be expensive and will not grow because its value will be just like their paper currency and will not acceptable to any other country. This idea is totally plop and there is no chance that every country in the world launches its own cryptocurrency. Bitcoin is enough for the whole world because it is not owned by a single country and is not a property of a particular country.

nur rochid

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Quote from: Ycekezuv on October 15, 2018, 04:59:33 AM

Recently, news about the fact that countries are beginning to develop their stablecoin is often heard, so it is quite possible that all countries will soon work with cryptocurrency!

in future it will lead to that, but i think it takes a long time, considering there are still many countries that are not ready to accept it. and i think for a country that knows BCC first, it will prosper if BTC is permitted in all countries

Ycekezuv

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Recently, news about the fact that countries are beginning to develop their stablecoin is often heard, so it is quite possible that all countries will soon work with cryptocurrency!

Sengoko

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Quote from: syaripudin on October 13, 2018, 05:11:12 AM

if each country has its own crypto, I don't think it will make a difference with fiat that has been owned by each country, because of course there will be some types of regulations that will be made as in fiat currency in general, and I think that there will certainly be a central set in terms of financial turnover in the form of crypto and of course if viewed in terms of value it will depend on how advanced the country is in terms of economy.

Yes you’re right, it won’t have any difference with the fiat that is being used and there will be regulations set in place for it. All that wouldn’t make sense, like why do we even need it? I don’t see any reason and fiat already serves for all purposes; transaction and everything and can be used both offline and online. When it comes to value, every country’s coin will still have the same value as their main currency currently has.

Rejevunator

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Quote from: kifumi on October 11, 2018, 08:21:56 AM

Quote from: Dimon8 on May 24, 2018, 07:11:42 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?

Im wonder about this one, since the coin is own by the government. It would be many manipulation to the coin becoz you know the government very sly when see something worthy. About the future it self it's depends on how can we use it, if there's no function to the coin at all then its worth nothing.

Yes every country has there own cryptocurrency but its useless to buy them because those currency will only there where it launched which mean it won't work on international they will be not world wide or global.

nightfury

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Quote from: Dimon8 on May 24, 2018, 07:11:42 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?

I can't decipher what country does GBcoin stands for. If that's Great Britain, than i think it's one of the most expensive crypto because we know how the western countries are already engaged in cryptocurrencies too.

Topic: Each country has its own crypto currency! - page 17. (Read 3603 times)