Each country has its own crypto currency! - page 23.

Zachwolf

newbie

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Quote from: shulio on May 24, 2018, 10:35:39 AM

It will be the same as todays currencies. The expensive one will be the one with the strongest economic development.

Yes every country has their own currency which currently use as of present. It is the traditional currency from their ancient until now. Maybe that's the why some countries do not accepting crypto currency.

Coin-1

legendary

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Several moths ago there are the rumors about creating a national crypto currencies of China and Russia. Such questions were discussed by the governments of these countries. In my opinion, if one of the powerful countries creates its own crypto currency, then other countries will create the own crypto currency too. I guess that the powerful countries negotiated to stop the developing of their national crypto currencies, therefore the crypto yuan and crypto ruble are still stayed a rumors.

Btcepoy11

newbie

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If it would be happen having cryptocurrecy on thier own country, there will be more things will change in our economy. If it would be happen, we connot tell who's the most curenccy will be more demandable and high value. It depends how it's government and people accept it, and how worthy of having on that cryptocurrecy.

FADI1

newbie

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I dont see how they will gain value. If they dont use them, anyways cryptos always follows the demand and offer so the one with most demand will be the most valuable.

DonateBB

newbie

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Quote from: Icoalert00 on June 01, 2018, 06:54:56 AM

It will be good into another country because they will have the right to own a cryptocurrency it will be legal in their country to make investment to specific tokens in market and they will now about CRYPTOcurrency. I guess it will not be expensive they will think of it for sure for the family that will try to invest even they are not wealth enough.

If this happens, it will probably be quite good, and each country will sign the electronic currency the same as their country name, so that when trading is likely to trade faster it will decrease. Reduce costs and time for traders. I hope this will come true soon.

iMark

sr. member

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Quote from: trako on May 31, 2018, 11:41:48 AM

America is the most open to this market. So I think that USAcoin will grow faster than others. investment and trading power will grow faster than others.

Lol I see this little bit as a joke, who will make cryptocurrency in every country? government? I think they will not do that, because the government system is different from the crypto financial system, maybe a third party? but even if the coin is made in that country does not mean it is representative of the country, and is not automatically popular in that country

localcrypto

member

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in the coming five years we can see every country will have its own cryptocurrency but country owned currency are centralized coins mostly transparent issued in place of fiat currency

Harley29

full member

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Quote from: trako on May 31, 2018, 11:41:48 AM

America is the most open to this market. So I think that USAcoin will grow faster than others. investment and trading power will grow faster than others.

In my opinion, if every country come forward with their own currencies, it will be nothing but a digital for of their paper currencies and there will be still the need to an individual form one country to know about the currency of the other. Bitcoin being one whole entity is an international currency with all its features the same across all the countries and anyone in any country can use the same knowledge upon moving to another. Simple is that.

meanwords

full member

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We won't really know what will happen if countries do make their own cryptocurrency but we have this plausible theories that might happen. In my opinion, having their own cryptocurrency would signal investors to invest into crypto further atleast the known and trusted ones. It would I think drive the price a little high. But there will always be a downside. Since it is issued by the government itself, it means that they would regulate it enough for the safety of their people.

saifanik

jr. member

Activity: 147

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If each country has it's own crypto currency,there will undervalued their national money.There will overflowing of digital money and current money.Every country will have value of their own crypto.They will want to induce on international market this will make conflict in the world.

Icoalert00

full member

Activity: 278

Merit: 100

It will be good into another country because they will have the right to own a cryptocurrency it will be legal in their country to make investment to specific tokens in market and they will now about CRYPTOcurrency. I guess it will not be expensive they will think of it for sure for the family that will try to invest even they are not wealth enough.

Mapalast

jr. member

Activity: 87

Merit: 4

Quote from: Dimon8 on May 24, 2018, 06:11:42 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?

What makes btc decentralized then?? Its just the same with currency today. What differenciate them is just the type whether it is fiat or coins

ss890

sr. member

Activity: 644

Merit: 263

It would turn out as miracle. May be they will have to make it unregulated because thats what crypto currency is. If they do so then obviously everyone will go buy theses coins like crazy. I think people will go for the coins from the countries who are highly developed one, for example; USAcoin as you said. This coin might just bring up more customers than anyone else in the market as people will have more trust on their government and development aspect. May be this is the way everything will get divided in that crypto sphere. Cheesy

nelsledma

sr. member

Activity: 572

Merit: 250

Quote from: amih on May 31, 2018, 05:49:05 AM

Quote from: Dimon8 on May 24, 2018, 06:11:42 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 each country creates its own crypto it certainly does not exist any decentralized system as it does for now. and I think it will be just like the fiat currency in general because the highest value will depend on the highest level of crypto trading exchanges. and as we know in fiat currency of course US Dollar which has the highest value.

Yes, that’s true man… any cryptocurrency made by the government will not have the decentralized feature that Bitcoin and other cryptocurrencies has. It will be made to be centralized so that the money that goes into it stays in the country and nobody would make use of it for money laundering as the government believes people does with Bitcoin.. And I wouldn’t be interested in something that has to do with government, especially crypto.

Kemarit

legendary

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Quote from: Osarman on June 01, 2018, 03:12:36 AM

Quote from: Dimon8 on May 24, 2018, 06:11:42 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 should issue out their cryptocurrency I believe that China coin will have the fastest growth followed by Russia’s. USA might follow next as the third, I don’t know for others. But if I may ask, why would you have any interest in a coin that is being issued out by the government? If the government issues out their own cryptocurrency, as long as Bitcoin is still around I will continue to go for Bitcoin cause it’s always the best. Going for something that belongs to the government will be taking a risk.

Hmmm. Obviously China is one of the fastest growing economy but in order for their local crypto currency to. grow, their people need to support it like they did with bitcoins. But with taxes all over, do you think that government backup crypto will just flourish? I don't think so, unless the government pump their own coin and portray it as something their people love, but I don't think that it will be case. Just look at how the Venezuela's Petro, they say it has a lot of investors, but do you really know who are the people behind? For all we know its just the same people who brought up this coin to evade the US sanctions. So I don't think the government backup crypto will succeed in the long run.

Osarman

hero member

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Quote from: Dimon8 on May 24, 2018, 06:11:42 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 should issue out their cryptocurrency I believe that China coin will have the fastest growth followed by Russia’s. USA might follow next as the third, I don’t know for others. But if I may ask, why would you have any interest in a coin that is being issued out by the government? If the government issues out their own cryptocurrency, as long as Bitcoin is still around I will continue to go for Bitcoin cause it’s always the best. Going for something that belongs to the government will be taking a risk.

trako

hero member

Activity: 756

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America is the most open to this market. So I think that USAcoin will grow faster than others. investment and trading power will grow faster than others.

cfif123

sr. member

Activity: 532

Merit: 250

Quote from: smarcio on May 31, 2018, 05:58:38 AM

I think the most potential will have Russia, which very rich in natural resources (oil, gas, minerals). But actually, I don't like idea own cryptocurrency which will be controlled by authorities.

and Russia also has a virtual currency in the country. and russia is also the biggest country for coin ethereum and other coins as well

mobiljonson

newbie

Activity: 56

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Quote from: Dimon8 on May 24, 2018, 06:11:42 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 if these countries issue or create their own coins will cause chaos and the government in the country will not silently take a policy that will harm the coin itself. Probably because the system will be centralized

SlickMoTwoToe

full member

Activity: 438

Merit: 100

Quote from: shield132 on May 31, 2018, 07:29:12 AM

That's the silliest idea to be fair. Firstly are we going to make it mineable or not? If it's mineable, then it can't be local because everyone in the world will be able to mine your country's coin.
If we don't make it mineable, then how? How much will be sold on person? What will be,it's market cup?
Overally your opinion will be just an unreleased idea.

I agree with that, it is not essential to other countries to give their currencies to other countries, on the second thought , I think he is referring to independent currencies? One country must have their own crypto currency exclusive for a single country, but to think of it, the resources in able to do that will fall apart because not all country can afford that.

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