Each country has its own crypto currency! - page 20.

suzanne5223

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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

Never say never cause all things are possible and even most of the political that seems to hate bitcoin when they are in office later confess the potential of bitcoin after they leave office. This shows that they also know the capacity of cryptocurrency.
Concerning the OP statement. I believe if the government national cryptocurrency the currency will be expensive/grow base on there global trading status (1 USD, 2 EUR, 3 YEN, 4 GBP) etc.

andriw

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I think it will be the same as the current fiat condition, its currency technology may be new and up-to-date, but the system applied to the new currency will be the same as fiat at the moment.

inding

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This is indeed a trend of development. Now many governments are trying to make their own currency. This event has created many stable coins. This is a very good news.

ninis45

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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.

deppil

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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

cathalary153

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I don't think it is necessesary to create countries's cryptocurrency. we can try to use a global currency for people world wide to use

BigTeeths

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It would not be expensive and it will be fixed or will have a steady growth. I'm sure that huge countries that very progressive will never let the chance to make their own cryptocurrency. So expect USA and China to lead the way because they have the big markets that make worldwide trades and deals.

gambitcoin53

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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?

if you are referring GBcoin as Great Britain, i think they will top up all the other countries you have mentioned, let us put it this way, you can replace coin into fiat for example, in terms of fiat, Great Britain has the most valuable fiat compared to the other countries, so as simply as that, if all those countries you have mentioned will issue their own coin, which is probably not so soon to happen, it will depend on the value of coins' counterpart, fiats.

eSurge

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Quote from: davit putra on October 07, 2018, 03:02:15 PM

But I think the country prefers fiat because they can control fiat completely. Cryptocurrency are decentralized and that will make it difficult for the state to control them.

Tend to agree here.

For a government-issue crypto, it is either A) KYCed and fully controlled or B) Decentralized and hard to control.

Any government is interested in controlling its financial system, thus they can only consider an option A. However, any traceable crypto with a mandatory KYC is per se contrary to the idea of a cryptocurrency.

That's why one can hardly believe in a huge success of cryptos issued by the govs. Look at Petro, basically a Dash clone, controlled by Maduro and some hired devs. It does not produce anything but skepticism.
Do not want to sound like a crypto-anarchist of some kind or an old-school cypherpunk, but to be honest, the rationale is really unobvious for gov-cryptos.

ridho002

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Actually it's a great way to show their talent and interest in crypto, they do this because see the others getting a big success while done it. The more altcoins in coming, means more new ideas will emerge.

sieemma

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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 think it will follow that of their respective fiats in a sense that the fiat will be converted to the occurrences and then later, it will be determined by how much support each has in the crypto space.

bangkit tri

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Quote from: AjithBtc on October 08, 2018, 03:08:41 AM

Already there were few countries that have developed their own cryptocurrency. However this will help with the functioning within the country. For transactions beyond border, there is a need for common cryptocurrency. Right now this is being fulfilled by bitcoin. In such a way the growth will continue with gradual spreading about cryptocurrencies.

maybe at this time it doesn't have a big effect, but i think this is a good step, considering that not many countries have legalized it. and bitcoin acts as a mecca for all existing cryptocurrency like usd

AjithBtc

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Already there were few countries that have developed their own cryptocurrency. However this will help with the functioning within the country. For transactions beyond border, there is a need for common cryptocurrency. Right now this is being fulfilled by bitcoin. In such a way the growth will continue with gradual spreading about cryptocurrencies.

Blasteros

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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?

Whats the point of such a separation between cryptos? I think the main point is to have one crypto that can be used from everyone around the world and do a transaction in just few seconds. If every country has its own crypto then this is more than centralized than we want, so I don't think it will show growth or anything positive to the society.

Blackhammer321

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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?

Probably it will be the coin from the rich country or countries. Those are the first world countries such as US, probably it will be. But then there might be a huge changes to come first. We cannot really say what will reign but we can predict that is will cme from the rich countries.

dmamigo

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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.

patarfweefwee

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I don't think so. They wouldn't care about public sales. What they would do is that inside their country, you can only use the country's crypto currency. This crypto currency will be backed up by the country's GNP. They could always don't ban other crypto currencies but they'll have a tax free system with using their national coin.

setialovers

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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 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

dlhezter

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Quote from: rutherford on October 07, 2018, 11:11:48 AM

If every country has their own cryptocurrency then that makes no difference than what we have now because then we can consider cryptocurrency as a fiat. Their value will grow according to their country's effort towards the world. What i'm trying to say is that there will be no use if every country has their own cryptocurrency, that means the value of world cryptocurrency will be weaken. The value won't be as high as now.

Yes, you have a point, It will be much easier if the other nations have the same currency, imagine all the people in the world using a single currency , you can use it anywhere you want, But I think that logic is hard to achieve , because of the nations other perspective leaders, It will depend on the economy and other things.It will surely affects the living of the people.

yatogami

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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?

If countries do so, we will witness crypto wars resulting from the wish of each government to be in the first place.
And I'm not sure if they won't use physical abuse to fight-off competition..

All in all, like in the "real" world digitized trading is also critically bound to the available end market - and they will have to turn themselves inside out to earn a decent reputation.

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