Topic: Each country has its own crypto currency! - page 2. (Read 3644 times)
It is a good news and a bad news at the same time to know that each country has their own cryptocurrency. For good news, it is a good news because we can really say that cryptocurrency are now very well known for every country while the bad news or bad side for this is it will just become another type of altcoin that is going to be worthless after a few months or years because it is really unnecessary for each country to make their own cryptocurrency because there is already useful cryptocurrencies like bitcoin out there.
if all countries have their own crypto currencies, then it will not become a national currency.
and because there are already many crypto currencies created, I'm not sure if the crypto currencies of that country will be expensive.
and because there are already many crypto currencies created, I'm not sure if the crypto currencies of that country will be expensive.
What do you mean by that?
If all the countries have their own cryptocurrencies, then that means they have their own national cryptocurrency, easy as that. Doesn't mean that there are a lot of cryptos circulating, they will be having no national crypto, in terms of what you said, they have since you said thay they have their own. Also, it might happen that every country has their crypto but don't expect that it will be the same as Bitcoin. It will be following the system of fiat and I guess mobile wallets and cards will be first before cryptos.
I don't think this will ever work, people will not stand by as governments start to have too much control over everyone. People flock to bitcoin because it is decentralized and fair.
It doesn't make any difference from the current system other than its physical appearance so there will be no use if countries were doing it.And some countries created their own centralized crypto but it doesn't get much popular which shows that people are against centralization which made the decentralized bitcoin to grow faster.
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 question is if this crypto coins will be related with their fiat coin. Judgeinging on the popyuarity i would go with usacoin (usdt).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 quite interesting. But they will not release now because blockchain technology is still not good enough to be used by governments of countries. it's only appropriate in the decentralized market and it's only for a small group. I think the stock market is still better for this.
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?
cryptocurrency is decentralized and each country creating there on coins may reset our economic system and create another competition among the world power of who control who. I think we are going to have that, one day and it might not be now but in 20 to 30 years to come. 
Well that would just be the central banks demonetizing their fiats and going digital so I expect the price in relation to each other to be the same before the change. I mean, do you expect Zimbabwe's digital money to have a large value than what would be expected of their economy? (OK that's a joke, they don't even use their currency anymore).
Where does it make sense, then, if every state has its coins? I think that does not happen, only if whole macroeconomy is digitized globally, sons it has no sense, where is different from normal fiat currency
If every country will issue their own cryptocurrency then what will be the use of their physical currency? That will be to replace it I think because if they want to be a paperless currency country then they will have to switch to crypto-currency or digital one. What determines the value by the way of every country's currency? that factor will also be the factor for the value of their cryptocurrency.
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?
Why Bitcoin of course. Why would I want a local coin when I could have universal money? That is the B.S we have now. Constantly changing money for the location I happen to be in. Then losing money on each sell and buy. When I travel abroad I use bitcoin now. That is not going to change.
if all countries have their own crypto currencies, then it will not become a national currency.
and because there are already many crypto currencies created, I'm not sure if the crypto currencies of that country will be expensive.
and because there are already many crypto currencies created, I'm not sure if the crypto currencies of that country will be expensive.
Yes, these cryptocurrencies will not cost a lot. For instance, I have read somewhere that Russians are going to create their crypto Ruble, which will have the same value that their national currency.
You are partially right.
But it can also be considered as a supplement of their own fiat currency. There are still many people who prefer cashless transactions and there are others that prefer cash.
The usage is different but the point of the usage is not different, if you see my point.
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 not be a workable in all time it will definitely affect the development of paper currency in any country so no one will accept it while cryptocurrency development than their country currency had it not been possible also.
if all countries have their own crypto currencies, then it will not become a national currency.
and because there are already many crypto currencies created, I'm not sure if the crypto currencies of that country will be expensive.
and because there are already many crypto currencies created, I'm not sure if the crypto currencies of that country will be expensive.
Yes, these cryptocurrencies will not cost a lot. For instance, I have read somewhere that Russians are going to create their crypto Ruble, which will have the same value that their national currency.
if all countries have their own crypto currencies, then it will not become a national currency.
and because there are already many crypto currencies created, I'm not sure if the crypto currencies of that country will be expensive.
and because there are already many crypto currencies created, I'm not sure if the crypto currencies of that country will be expensive.
Yes, these cryptocurrencies will not cost a lot. For instance, I have read somewhere that Russians are going to create their crypto Ruble, which will have the same value that their national currency.
if all countries have their own crypto currencies, then it will not become a national currency.
and because there are already many crypto currencies created, I'm not sure if the crypto currencies of that country will be expensive.
and because there are already many crypto currencies created, I'm not sure if the crypto currencies of that country will be expensive.
Yes, these cryptocurrencies will not cost a lot. For instance, I have read somewhere that Russians are going to create their crypto Ruble, which will have the same value that their national 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?
Cryptocurrency is inappropriate for this because countries need to print money to control their economy, although some of them print it regardless the amount of gold that they have. I think cryptocurrency only appropriate as an alternative currency for online transaction. If countries issue their own cryptocurrency then cryptocurrency that will initially be expensive and will show growth is USAcoin because USA is the strongest country. 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 quite interesting. But they will not release now because blockchain technology is still not good enough to be used by governments of countries. it's only appropriate in the decentralized market and it's only for a small group. I think the stock market is still better for this.
Recently, Christine Lagarde gave a clear message to central banks that the economy needed to be digital. For this, it is necessary that central banks create their digital currencies. But I’m worried that when central banks create their digital currencies, then Bitcoin and other cryptocurrencies can be banned, only centralized government coins will be used, and only them can be legally traded on exchanges. But this is only a possible development of the situation.
if all countries have their own crypto currencies, then it will not become a national currency.
and because there are already many crypto currencies created, I'm not sure if the crypto currencies of that country will be expensive.
and because there are already many crypto currencies created, I'm not sure if the crypto currencies of that country will be expensive.
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