Each country has its own crypto currency! - page 24.

iv4n

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Quote from: smarcio on May 31, 2018, 06:58:38 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.

You have a point about country that have a lot of natural resources have a chance to be leading country in the future. But what is more important is what you say about crypto controlled by authorities, we are trying to run away from centralized system, not to create new one.
Countries can create their own crypto but I think people will trust more in decentralized systems. At least I hope so for that, people will have to choose to use one or another, from decisions that people make in upcoming years global economy future depends, and this time people should choose smart, in favour of decentralized coins and platforms.

Quote from: shield132 on May 31, 2018, 08:29:12 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.

How will be distributed depends from creators and developers, they can share it to all people, or they can share some and keep the rest for people in power. It's not a problem to create alt now, with blockchain that is easy to do. What is important will you trust your government and politicians behind thier coin, or decentralized bitcoin or litecoin? Where people from all over the world participate in mining? Its your choice.

shield132

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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.

basyang

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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?

Well, the way I see things that is think that is I do not think it will go to the point that it countries will issue their own crypto-exchange. However, if this thing happen it means that fiat or physical money become a version of a cryptocurrency. Its means that the government is officially accepting cryptocurrency in the country. Well, I think in which you mention above will initially be expensive and show growth is USAcoins, because we all know the dollar is the main currency of many countries. And for sure just like physical money its value is also the same.

smarcio

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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.

amih

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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 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.

Starving_Marvin

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I would like to saa that happening, awesome if I would be able to buy anything anywhere for crypto currency relevant here

Dimon8

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At this forum, I met information that Sweden, Canada, Israel and India are planning to issue a national currency. Venezuela issued a currency crypt. I think that the process of issuing national currency is in development.

Lordshiva

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Well I am from India and I heard India and Reserve bank of India are launching its own coin LAXMI coin but I don’t know what happened next either it never came in market or it is complete worthless as I never shows on coinmarketcap...

Elmughni

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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 is possible. because the crypto currency is the future currency. Every country should accept it or create a new crypto.

stimliall

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If countries issue their own crypto-exchange system, these countries' cryptocurrencies rely on national credit as guarantees!
Then the cryptocurrency of the United States may be the most popular!

Colt22

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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 do not think that it will get a success like bitcoin as people if comes to crypto then they want a decentralized cryptocurrency which do not have any control from any third part or from any central power. But if it happened and the governments imposed their citizens to use only that currency then the value of them will be the same as the value of their fiat currency.

billbear

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The world on my opinion would be no different than now, because almost every county now has its own currency (just not crypto)

jlong187

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Thats a nice concept, but I have read here the comments and I am interested in the question too, how would they provide an exchange between them?

Bagaji

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I don't think there will be any need for that since each country has her own currency in existence already and the main or one of the reason for the creation of bitcoin and crypto currency in general is to remove government manipulation in the financial system.

normanderecho

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Quote from: squog on May 30, 2018, 04:50:48 AM

It really depends on the resources backed up by a country and the amount of currencies in circulation. Let's say that every coutry will have the same number of coins in circulation then i think a chinese coin would come up on top. Because i really believe that they will be in your face about using it. Besides that, china itself is a huge market then they will use it for different projects.

I think its the same the currency that started now because if the country is poor the cryptocurrency will not possible to grow because theirs not have to give supply on people to invest and the rich country theres a big possible to grow because the country can give many supply and demand of people so i think it depends of country if their a power to growth the own crypto.

squog

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It really depends on the resources backed up by a country and the amount of currencies in circulation. Let's say that every coutry will have the same number of coins in circulation then i think a chinese coin would come up on top. Because i really believe that they will be in your face about using it. Besides that, china itself is a huge market then they will use it for different projects.

prtty2gal2

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Quote from: Domanity on May 25, 2018, 06:20:02 PM

if all countries have their own currency Crypto, maybe Chinacoin or Crypto currency from China will be the most expensive coin, because China is the most populous country. or it could be the most expensive coin is a coin from another big country, whereas they only create a few coins.

A country can design its own cryptocurrency but the currency should be public friendly. The response of the cryptocurrency should be positive and should be in the benefit of people of a country other wise this currency will not survive just like old system. As we know that Bitcoin is the most precise and popular as well as public friendly currency so all the countries should design as currency like the Bitcoin if they want to make own currency.

Snaic

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Quote from: bitadviser on May 27, 2018, 10:09:50 AM

I think, in general it is a strange idea, in the world of the future we dont need borders, we dont need different money etc, all things should be easily for communication, thats why the decentralised technology started to be important, it is not only about money, it is a revolution of many aspects or our modern life that must be upgrade.

Interesting. Do you think that sometime in us the time will come without wars and armed conflicts and everywhere there will be peace and harmony? Can you name at least one period in the history of mankind, where would it be military? Such a period has never been and is not yet scheduled. Constantly in any country, a ruler with imperial ambitions will appear, as now in Russia, and the world is again gradually drawn into the arms race. We see that even within the civilized European countries there can not be consent in any way. Those were problems with England, now it seems that they are arising with Spain.
In this regard, you are unlikely to ever see a society without borders.

mrcash02

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The most powerful currency would be the one that people have more interest, the most promising currency. Probably an USA's Crypto-Currency, or China's Crypto-Currency... However another factor could influence: groups of interest pumping a country's Crypto-Currency without revealing their identity. It could be a smart way for terrorists, "philanthropists", organizations to finance the countries they like and have interest without creating polemics.

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Quote from: Dimon8 on May 28, 2018, 10:11:33 AM

Quote from: jaysabi on May 28, 2018, 08:51:04 AM

Quote from: Tan_avia)vl. on May 27, 2018, 10:40:45 AM

Very interesting question, which I have never thought of... Of course, at once all countries will release their currencies with a high price, but then everything is stabilized. Each country is delivered to hope that the visit has lost and delivered a "keep the mark" high prices at once, but then the market will all put in place.

Countries are not going to release their own cryptos. There's no reason to. Each country already has their own fiat currency that they can completely control, and the currencies already operate digitally, so there is no benefit or purpose to issuing a state-denominated crypto. The US dollar is the most robust digital currency in the world currently, and Bitcoin specifically or cypto generally is never going to come close to the level of adoption or utility the US dollar already commands.

In every country, even in the most developed, there is a large turnover of fiat money that is not taxed. The release of own crypto will allow to establish control over all money.And the main crypto currencies (btc, eth, etc.) will be used for international payments as now $ USA.

Converting to crypto doesn't necessarily address the issue about untaxed fiat money. Having access to the blockchain doesn't do anything towards identification of income transactions vs. any other type of transaction, and the disruption to the economy of switching systems would be devastating. Further, there's nothing crypto can do in terms of "control over all money" that fiat systems can't do better, and that they already don't do better. Fiat is already under total control of the government, and can be manipulated at will to affect the economy as needed. One possible use is for remittance or international transfer, but it's already used for that and already functions alongside the fiat system, not as a replacement for it.

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