Each country has its own crypto currency! - page 3.

Pamadar

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Quote from: Janation on April 13, 2019, 10:28:26 PM

Quote from: pungopete468 on March 28, 2019, 02:36:53 AM

It is possible that later there will be an assessment of the existence of crypto currencies themselves, but for now in my opinion it is still not suitable because every country also has a lot of opinions about whether cryptocurrency is prohibited or not

I don't think we should be thinking about this.

We all know that the government wants to control all in their country. From transactions to anything that comes in and comes out of the country. If they will be making a cryptocurrency for their country, I don't think people will be using if they are fond of Bitcoin's anonymity and decentralization. They might create their own but I don't think it will be the same as other cryptocurrencies we all know.

Creating their own coins that completely controllable of their rules, the essence of being anonymous will be moved away from such plan crypto, it's nice to see that the government would be considered having their own versions of crypto currency but the fact that it will be centralized it would be a question for those true believers of this industry.

Janation

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Quote from: pungopete468 on March 28, 2019, 02:36:53 AM

It is possible that later there will be an assessment of the existence of crypto currencies themselves, but for now in my opinion it is still not suitable because every country also has a lot of opinions about whether cryptocurrency is prohibited or not

I don't think we should be thinking about this.

We all know that the government wants to control all in their country. From transactions to anything that comes in and comes out of the country. If they will be making a cryptocurrency for their country, I don't think people will be using if they are fond of Bitcoin's anonymity and decentralization. They might create their own but I don't think it will be the same as other cryptocurrencies we all know.

Pattart

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Quote from: pishite on March 26, 2019, 11:14:52 PM

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?

It all depends on what they tie the coin to. For example, El Petro is tied to oil, Russia will tie it to gas, China to gold and so on. Therefore, the course will depend on what it is tied to.

it doesn't matter, whatever the name doesn't matter, if this really happens, what will happen to fiat or local currency? throw it away? of course impossible. if you look at the current state of the world, how payments are made now, online wallets are far more popular to develop right now!

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Quote from: Adriano2010 on April 13, 2019, 07:33:41 PM

If all countries will create own crypto currency then maybe the crypto coin issued by any country will have more stable price then the crypto, but in that way maybe countries will be more secured because crypto can't be counterfeit.

It would be nice if we have one coin that will be used, bitcoin can be a global currency and therefore it's not necessary to make another one.
There is unity when there is only one coin, besides this coin will not be obsolete as we know the demand will increase and so as the value.

Adriano2010

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If all countries will create own crypto currency then maybe the crypto coin issued by any country will have more stable price then the crypto, but in that way maybe countries will be more secured because crypto can't be counterfeit.

Mahanton

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Quote from: Falgorn on April 13, 2019, 02:26:40 PM

I fully admit that states will enter their centralized national cryptocurrency as one of the types of cashless payments. Cryptocurrency has many advantages over conventional currency, but it also has its drawbacks. To complement each other's capabilities, the release of a national cryptocurrency is quite possible. In many ways, the fate of such cryptocurrencies will depend on how the decentralized cryptocurrency will continue to develop, how much people will be interested in it.

Drawbacks of crypto would really be the main reason why isnt still fully adopted yet most people would still prefer their traditional fiat note on where

if it would decide to go fully cashless then its really possible for a certain country to do such thing. Crypto would just remain as an alternative and come to think
that it would replace fiat wont happen even on my own dreams.

Falgorn

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I fully admit that states will enter their centralized national cryptocurrency as one of the types of cashless payments. Cryptocurrency has many advantages over conventional currency, but it also has its drawbacks. To complement each other's capabilities, the release of a national cryptocurrency is quite possible. In many ways, the fate of such cryptocurrencies will depend on how the decentralized cryptocurrency will continue to develop, how much people will be interested in it.

waynechong1995

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There's would be too significant differences as how currency works now, if they are pegged towards their own local currency, on the national level currencies are high in liquidity through trades so there's shouldn't any extra purpose introducing such unless the country is highly specialized in particular exports such as oil. It need la to be backed up somehow, not just by government

cydrix

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Look at their history you will know if they have more activities than your normal coin. But if they have good running campaigns and an active team responsible enough to manage it I think if will be the most profitable there is but sadly not all ICO is legit and not all will be good so finding great coins in the market right is purely on luck for some but also skills for some.

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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?

It's not relevant to make their own cryptocurrency since they already have their own currency. I don't think that these country will promote crypto even if they accept the usage of it in their nation.

usorin

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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?

The question is if this crypto coins will be related with their fiat coin. Judgeinging on the popyuarity i would go with usacoin (usdt).

pishite

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And why bother to invent something, nationalizing cryptocurrency. Russia: Waves, China: Neo, Canada: Ethereum... Ready-made solutions have long been there.

JohnBitCo

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Quote from: pishite on March 26, 2019, 11:14:52 PM

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?

It all depends on what they tie the coin to. For example, El Petro is tied to oil, Russia will tie it to gas, China to gold and so on. Therefore, the course will depend on what it is tied to.

Each coin for each country will be a terrible idea. Even if it happens, then what will be the price determination factor for each coin ? Would this mean that the coin which has a bigger volume and price, it is a sign of developed country ? Will any nation can buy any country coin ?

There are a lot of unanswered question if we were to implement any such sort of country based coins.

jademaxsuy

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Quote from: pungopete468 on March 28, 2019, 02:36:53 AM

It is possible that later there will be an assessment of the existence of crypto currencies themselves, but for now in my opinion it is still not suitable because every country also has a lot of opinions about whether cryptocurrency is prohibited or not

I think it may take sometime before assessment will going to happen. It must be adaptation first prior to assessment. Each country will have to adapt first the decentralized ways of cryptocurrency and made some use of it before any assessment will be given to each crypto. Of course the assessment will be intervene globally as like to what happen to fiat money.

pungopete468

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It is possible that later there will be an assessment of the existence of crypto currencies themselves, but for now in my opinion it is still not suitable because every country also has a lot of opinions about whether cryptocurrency is prohibited or not

terrorJR

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If other countries make COIN themselves, will it not damage their currency? because on the basis of their currency stronger than COIN.

apilpirman.bisnis

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Every country have each own crypto is best and good for the next higher price of bitcoin, but they have make price is higher and never have lower price after listing on exchange market and have bad effect for bitcoin.

DAVETUN

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Bitcoin is the currency of this age

It is Dependent on the impact of the countries economy to the global world, I feel USAcoin will do well followed by countries with industrial revolution with high exporting rate, ChinaCOIN, GERMANcoin and others are sure to be profitable on this basis, developing countries that depend on importation are sure to be affected.

Faxmate

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Quote from: pishite on March 26, 2019, 11:14:52 PM

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?

It all depends on what they tie the coin to. For example, El Petro is tied to oil, Russia will tie it to gas, China to gold and so on. Therefore, the course will depend on what it is tied to.

My country is tie with recent crypto adoption because it is being populate and making good economical state for many people, I know each country has its own better things which people uses for earning, but having each crypto currency is not possible because creating crypto currency is not that easy, it takes hard work of expert people and also years and years to become popular or famous.

KennyR

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Quote from: pishite on March 26, 2019, 11:14:52 PM

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?

It all depends on what they tie the coin to. For example, El Petro is tied to oil, Russia will tie it to gas, China to gold and so on. Therefore, the course will depend on what it is tied to.

But these are just and outlook, but in depth there isn't anything as a backing. Just the technology backs the network, Petro evolved big and gained good response even from the common people. But, in the mean there were more collapse as it wasn't taken to the common people in the right way. Therefor before getting into cryptocurrency countries needs to know better about the market, innovation and the people's benefits through the same.

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