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Topic: Each country has its own crypto currency! - page 26. (Read 3603 times)

sr. member
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Merit: 257
Freshdice.com
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?
It will be good if every country has its own cryptocurrencies because that is a good way to make cryptocurrencies and bitcoin more popular, but what will be the use of it if every country has its own cryptocurrencies. I think it will the same as the real money, so they don't need to make their own crypto.
newbie
Activity: 121
Merit: 0
It will be the same as todays currencies. The expensive one will be the one with the strongest economic development.

Every country has there own currency but about crypto currency not all country because some are not legalize and accepting it. They are still using the current currency they have and to contribute in their economy.
sr. member
Activity: 532
Merit: 250
I think if each state emits their own cryptocurrency then they might be exactly the same as they are now. What makes you think that these countries are issuing cryptocurrency

i think if each country have their own cryptocurrency, maybe bubble will come true.it's community would not be solid community.they have to choose one of crytpocurrency between thousands of them.and decentralize system will disappear.
newbie
Activity: 70
Merit: 0
I think if each state emits their own cryptocurrency then they might be exactly the same as they are now. What makes you think that these countries are issuing cryptocurrency
full member
Activity: 938
Merit: 137
Each country having a centralized crypto with a full control over it's supply and circulation would kill the whole principle of blockchain and make such coins highly uncompetitive compared to decentralized coins. If governments don't have control over their currencies, then what is the reason to make a national crypto?
I think that the creation of national centralized crypto currency will not be superfluous. We need more experience with various types of crypto currency, they have to interact with each other, only in this way it will be possible to determine the best forms of mutual settlements in the crypto currency. Why should we be afraid of such centralized coins? Why will some species directly destroy others? We need to give people diversity and choice without imposing their own stereotypes on them.
newbie
Activity: 1
Merit: 0
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 cryptos is based on demand and supply... The more the demand, the more will be price of coin... The more the number of people in a country (population), the more will be the demand.. Hence, India and China will be at the forefront in terms of % profit / growth of coin - price wise
member
Activity: 266
Merit: 16
Yes, if!! the big investors are continue to make their own coin for example I've read an article that Many "pacman" Paquiao are planing to invest and his coin are called "paccoin". And also some legendary boxer are also planing to invest but the problem is it's only a plan they didn't do it.
newbie
Activity: 69
Merit: 0
We wouldn't know for sure. It could be the country that makes the most use of cryptocurrency or the country that has most stocks. It could also determine from their economy and stability to maintain cryptocurrency.
sr. member
Activity: 1372
Merit: 269
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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 made for all the people worldwide. Cryptocurrency is a global digital currency that works in a peer to peer network. Therefore, it is impossible to have 1 cryptocurrency per country because it seems like the fiat currency, the difference is just, crypto is digital.
I believe that every country will make a way to have their own cryptocurrency in which all the people can use, hold and sell.
hero member
Activity: 3080
Merit: 603
i think china did already released their own crypto coin but still bitcoin is still the leading crypto because bitcoin has a millions and billions user worldwide not just on a specific country.
China has a lot of ways of paying online or digitally. They have alipay and wechat pay so I doubt it that they will create their own coin that's named after their country.
If ever they'll make their own then I think they will be also the first country coin that will have their fork, they are famous for duplicating and replicating things.
full member
Activity: 1638
Merit: 122
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.

i think china did already released their own crypto coin but still bitcoin is still the leading crypto because bitcoin has a millions and billions user worldwide not just on a specific country.

The state can not afford to issue a crypto currency. Control over money issue and a single national currency are the bases of any state. governments simply do not want to create a competitor that they can not control

Creating a coin with your own desired name on it is not expensive and anyone can afford it . As you can see there are lots of people offering their coin creation service and most of them can also be found on the marketplace services section.

Quote
governments simply do not want to create a competitor that they can not control

it is not governments that creating their own coin to be their competitor but rather any single person can create their own coin .governments are not also related to cryptos because cryptos are not run by them.
newbie
Activity: 182
Merit: 0
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.
legendary
Activity: 3206
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Each country having its own cryptocurrency is a possible thing, and to make these grow in the perfect manner something is required to make the interconnection. For this bitcoin or ethereum a common platform can be used. If this happens it is same as different countries having different fiat for usage with few assets for common need.
full member
Activity: 532
Merit: 101
No crypto is a digital currency that applies in all countries and no country has its own crypto currency because most governments of a country still prohibit this circulation of crypto currency therefore crypto currency should not be in Nut by certain countries.
member
Activity: 277
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The state can not afford to issue a crypto currency. Control over money issue and a single national currency are the bases of any state. governments simply do not want to create a competitor that they can not control
hero member
Activity: 3038
Merit: 628
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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?
Hahaha I didn't end up to have this type of question on my head.

If these powerful countries started to join the crypto revolution by having their own coins then it will be Chinacoin vs USAcoin. We know on how dominant these countries from different economic sectors right? But we don't have to think about this, bitcoin will dominating these coins if ever they'll start creating one.
member
Activity: 336
Merit: 10
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 countries around the would not bother doing that since they all have their own monetary unit. So it is realistically useless.
member
Activity: 226
Merit: 10
I will like to see that happen in real life. It can be very interesting, how the currencies will be exchanged then
sr. member
Activity: 1344
Merit: 253
they do that, as if they want to precede the development of the digital world, so that later they will be better prepared compared to other countries, and i think that coin has greatest demand that will have highest price
sr. member
Activity: 700
Merit: 275
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?

Thats not gonna happen for sure. Why would each of the country will disturb their own economy just for the purpose of fun or what? The fiat is already working just fine each and every country. The swift technology has already made the leap forward and thus it is really unrealistic to form the another currency in the same circulation of economy. This will break the monopoly of fiat use and will collapse the economic growth due to the imbalanced circulation of the money in fiat and the crypto currency of that nation itself. People might just go and choose any one they like or may be they will just prefer the crypto and thus fiat will fall. Could be dramatic.
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