Each country has its own crypto currency! - page 4.

pishite

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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 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.

adamlillian

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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 will not talk about the value of the coins of each country. Growth will be there but this is really hard to show its growth. When e-money is issued, fiat money will be lost and forex investors will have to participate in the crypto market. it will cause a lot of change and crypto will no longer be its true nature.
I think governments should not offer the country's currency because that will not make the economy prosper.

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Quote from: CandyIzDelicious on March 25, 2019, 05:44:54 AM

if all countries make each coin very good for the crypto future
I think that a strong economy will develop quickly

If a country releases its own cryptocurrency then you can be sure that it is going to be centralized and that is not going to have any of the advantages that decentralized cryptocurrencies have, this is very similar to what happened to the coin released by the government of Venezuela and as you may guess that coin failed miserably because no one was going to invest or use a coin that comes from a government that has bankrupted a wealthy country.

kennen1113

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Quote from: CandyIzDelicious on March 25, 2019, 05:44:54 AM

if all countries make each coin very good for the crypto future
I think that a strong economy will develop quickly

I don't think so, I just feel this will create more trouble and the government will be hard to manage everything because in the present time, each country has its own currency, the management was very tiring, if they created a currency like crypto, the work will be overloaded, the management apparatus will be under pressure. In addition, people are very comfortable and satisfied with their currency, creating a crypto currency of each country is not necessary, it is a waste of time and not useful for everyone

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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 each country owns cryptocurrency it means governments will own total control over the transactions and other crypt related activities pertaining to the existence of these country coins. These coin will be no better than the fiat because it will be under the influence of the same governments and politician. Cryptocurrency must be kept unique thus decentralized.

onrise

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Quote from: BigBos on March 26, 2019, 04:06:24 AM

Quote from: sfr2017 on March 26, 2019, 01:16:57 AM

Many countries of the world are starting to issue their own cryptocurrencies because they are seeing the benefits of the technology.Sweden’s central bank is considering to launch a federal crypto-currency known as the ‘e-Krona’,Dubai- Dubai continues working in blockchain technology and many others countries i think the year 2030 will each country will have it's own cryptocurrency.

Is it true ? I have never seen news about it. if that is true, then the development of cryptocurrency is quite good in developed countries. in addition, this encourages a city to find a specific project to make crypto. however, I think this must really have permission from the government.

Not sure but I am thinking if every country starts to have their own crypto coins then it would be just like the currency which every country has now same way it will be like crypto currency. Major countries which has larger buy/sell will rule crypto currency just like how dollar rules the world in terms of the fiat currency.

BigBos

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Quote from: sfr2017 on March 26, 2019, 01:16:57 AM

Many countries of the world are starting to issue their own cryptocurrencies because they are seeing the benefits of the technology.Sweden’s central bank is considering to launch a federal crypto-currency known as the ‘e-Krona’,Dubai- Dubai continues working in blockchain technology and many others countries i think the year 2030 will each country will have it's own cryptocurrency.

Is it true ? I have never seen news about it. if that is true, then the development of cryptocurrency is quite good in developed countries. in addition, this encourages a city to find a specific project to make crypto. however, I think this must really have permission from the government.

Naida_BR

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Quote from: Karie_Legend on March 25, 2019, 09:38:39 AM

Quote from: okala on March 25, 2019, 09:28:39 AM

Well I will say this is an impossible dream for countries to now option in to cryptocurrency what will then happened to they faint paper money that is centralized and control by the government as the legal tender for the country. I don't think this will ever happen but if it does them we will see the one that will lead.

If a country has their own coins, maybe it will happen and believe that because humans will continue to grow and continue to buy new things to make it easier for everyone to do anything. Until you don't need to leave the house to buy food and drinks.

But this system where every country has its own currency (digital or not) it is just a centralized system that has no difference from the economic system that we live now at.
You will still need to exchange your coins for another currency if you want to send money in a citizen of another country. Of course time will be eliminated if this happens online but still this system is rotted.

sfr2017

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Many countries of the world are starting to issue their own cryptocurrencies because they are seeing the benefits of the technology.Sweden’s central bank is considering to launch a federal crypto-currency known as the ‘e-Krona’,Dubai- Dubai continues working in blockchain technology and many others countries i think the year 2030 will each country will have it's own cryptocurrency.

mornabo

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Quote from: ancafe on March 25, 2019, 02:01:36 AM

Quote from: Dayan1 on March 25, 2019, 01:30:31 AM

Off course, thats a particular known coin of a country. Price and volume will growth naturally because people living there have to use that coin no matter what. Coins is also a decentralized which much better than a fiat money. You can hold any money you want and have full access with it unlike banking.

well, keep in mind that cryptocurrency is not a goal like that. sometimes a coin is responsible for 1 product, and it is formed by a team of experts. when each city has 1 crypto that is different, and is used as a transaction tool, I don't think that will happen, and it will certainly violate many regulations.

of course, how would someone go out of town or leave the country if each city had its own crypto? how would they shop? of course this will cause noise? that's not the main goal of cryptocurrency, we don't want crypto in every country, we want legality of cryptocurrency, thats all.

Jericka D Ranillo

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If a country have its own coin, it will be the same as their fiat money. Progressive and reliable, there is no doubt that coin like what you stated above, usacoin and chinacoin. For sure it is not weak crypto coin i find it with various uses since it was provided largest country. A lot of companies will soon to enter in crypto world.

Bitcoin-Turkiye

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petro coin has no value at all.. But if the USA , Russia and China create a crypto money, these coins will gain value.. even now we can evaluate this.. Russia - Ethereum, Waves, China - EOS - NEO and USA - Bitcoin, Litecoin , even in this ranking you can see that the coins are valuable.

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Quote from: Karie_Legend on March 25, 2019, 09:38:39 AM

Until you don't need to leave the house to buy food and drinks.

No matter what happened, you have to go outside to buy something even the technology becomes way more uptodate until now there is no reason to do that.

Quote from: Dayan1 on March 25, 2019, 01:30:31 AM

~snipped~

Yet still there are some countries that are banning cryptocurrency because of its crimes like terrorism/buying drugs and some shit. That's why they are neglecting to make their own cryptos.

Karie_Legend

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Quote from: okala on March 25, 2019, 09:28:39 AM

Well I will say this is an impossible dream for countries to now option in to cryptocurrency what will then happened to they faint paper money that is centralized and control by the government as the legal tender for the country. I don't think this will ever happen but if it does them we will see the one that will lead.

If a country has their own coins, maybe it will happen and believe that because humans will continue to grow and continue to buy new things to make it easier for everyone to do anything. Until you don't need to leave the house to buy food and drinks.

okala

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Well I will say this is an impossible dream for countries to now option in to cryptocurrency what will then happened to they faint paper money that is centralized and control by the government as the legal tender for the country. I don't think this will ever happen but if it does them we will see the one that will lead.

CandyIzDelicious

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if all countries make each coin very good for the crypto future
I think that a strong economy will develop quickly

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Quote from: ancafe on March 25, 2019, 02:01:36 AM

Quote from: Dayan1 on March 25, 2019, 01:30:31 AM

Off course, thats a particular known coin of a country. Price and volume will growth naturally because people living there have to use that coin no matter what. Coins is also a decentralized which much better than a fiat money. You can hold any money you want and have full access with it unlike banking.

well, keep in mind that cryptocurrency is not a goal like that. sometimes a coin is responsible for 1 product, and it is formed by a team of experts. when each city has 1 crypto that is different, and is used as a transaction tool, I don't think that will happen, and it will certainly violate many regulations.

there's a target venue for each projects that has been created and being developed, if such countries will penetrate and allow their people to use the existing crypto coins to act as the alternative digital currencies, seems to be possible if the government is responsible enough to adopt only the good
side of this system and not to use it for personal greed.

bitzizzix

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There is no guarantee to make crypto currencies in your own country, because people still care and will use fiat as a buying and selling transaction in their country.
like in my country there is crypto currency itself but there is no development and only groups or communities use it because they already trust old digital currencies like bitcoin, etehereum and some crypto coins that prove to be profitable for them.
but that would be an example of introducing digital or crypto currencies around the world so they would understand and understand what crypto currencies are.

Labumi

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Quote from: Stavri on March 24, 2019, 01:38:21 PM

cryptocurrencies are based on blockchain technology. that is why they are considered to be decentralized. they can not be under control or effect of any government or any group. so it is not a logical idea for countries to have their own cryptos.

It is true that cryptocurrency is based on blockchain technology but if you say the price movement and development of cryptocurrency from country to country depends on the team, at least they must be able to move quickly to introduce technology and use cryptocurrency in their country.

ancafe

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Quote from: Dayan1 on March 25, 2019, 01:30:31 AM

Off course, thats a particular known coin of a country. Price and volume will growth naturally because people living there have to use that coin no matter what. Coins is also a decentralized which much better than a fiat money. You can hold any money you want and have full access with it unlike banking.

well, keep in mind that cryptocurrency is not a goal like that. sometimes a coin is responsible for 1 product, and it is formed by a team of experts. when each city has 1 crypto that is different, and is used as a transaction tool, I don't think that will happen, and it will certainly violate many regulations.

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