Each country has its own crypto currency! - page 6.

befriendmywater

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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 the nation's coin development is a big mistake and it can't happen. policies and funds are kept confidential and it cannot be disclosed to those who hold multiple tokens.
In addition, the government is not suitable for creating a coin because it is not a small business.
This is really a crazy idea. Grin

micher143

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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?

All of them can have that capability and capacity to further grow depending on how people will perceive on which coin will suit and benefit them. If they will be depending their choice on the nationality or the place where they belong, all of them also have the chances because those countries have lots of people to consider the top of the most populated places in the world.

shoreno

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Quote from: goaldigger on February 17, 2019, 08:48:11 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?

I guess its USAcoin. They said everything in there is expensive and besides, they are the most influential country in the world, with this they can use their influence to develop their coin or even make it more expensive.

Us is only small compare to other countries like russia and china . the two countries that i mention were also more influencial than us .

But even if china and russia are more influencial , i guess they wont ever create their own cryptocurrencies because they already have their own local currencies .

But let say they will try to create their own crypto . i think people wont easily attracted on them and it will take a lot of time for their coins to gain alot of attention and impression because people get already used to bitcoin and etherium .

goaldigger

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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 guess its USAcoin. They said everything in there is expensive and besides, they are the most influential country in the world, with this they can use their influence to develop their coin or even make it more expensive. Also, this currency can make those third world countries become top if they know how to use it well.

Taki

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Hmm interesting question. I know the only example of national crypto is Venezuelan Petro and as, I see it's totally unpopular. Maybe it's because of the financial and political situation in the country or maybe it's because of the place of Venezuela on the globe arena.
Probably in the situation if such national coins will exist in another countries they will face with same kind of problems. For example Russiancoin will be pressed by sanctions and ect.

StarofBTC

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I don’t see any need for them to be doing that, it’s going to look stupid. Anyway, if they do, there is going to be a big competition between all of them in the market as each one of them will be fighting to be the best in the market. But countries shouldn’t be talking about Cryptocurrency, there are more important things to focus on and cryptocurrency is never one of them.

Farma

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Quote from: babarian on February 10, 2019, 10:12:14 AM

This is a very good idea and idea, if cryptocurrencies are acceptable throughout the world and every country can create their own crypto currency then this would be very good for the development of crypto currencies in the world.

however, for now, I think some countries that support cryptocurrency have done several developments regarding crypto and currently have more than 1 cryptocurrency. if this is used for official matters, then it will make fiat disappear. I think about it like that

brotherwood12

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if each country has its own crypto , that mean every country was accept bitcoin also with that the price will always depend on bitcoin and people in that country who used cryptocurrency i think

pinoyden

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Quote from: nur rochid on February 10, 2019, 11:17:30 PM

Quote from: Bitfling on February 10, 2019, 07:48:12 PM

Quote from: Caladonian on February 08, 2019, 09:11:30 PM

Quote from: Bunsomjelican on February 08, 2019, 01:18:08 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?

That's impossible to be happen dude, due to government was a kind of centralized based while crypto is decentralized don't ever forget that in your mind. Government don't like transparency as the way of decentralization has transparency. And because of this system of digital currency people around the world embrace this things.

This decentralized feature of crypto makes tough acceptance coming from different government institutions, as they want transparency and complete
control with this system, digital currency might attract other countries but not all for this moment, the idea will continue being reviewed and process
we can't say no nor yes if this things will happen to every places.

Having own crypto from each countries needs them to embrace and adopt the whole system itself.

Its true that decentralized need transparant legder and anyone can see the transaction. It will make government or central banks hard to manipulate on money supply. If government issuing their own cryptocurrency, they should make regulation first

but I think it is very suitable to be applied in my country, because the government agencies in my country currently fighting corruption by using a transparency system on the use of the budget, hopefully it will soon be applied

thats good if you are one of the countries that fights corruption and yes creating a crypto can be the best solution to combat those issue's as we all know that cryptocurrencies are not controllable .

mersal

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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 it will not be a workable in all time it will definitely affect the development of paper currency in any country so no one will accept it while cryptocurrency development than their country currency had it not been possible also.

TheClownSong

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Quote from: Pattart on February 10, 2019, 12:47:41 AM

Quote from: TheClownSong on February 09, 2019, 11:17:29 PM

Quote from: umbara ardian on February 09, 2019, 11:17:06 AM

Quote from: Bunsomjelican on February 08, 2019, 01:18:08 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?

That's impossible to be happen dude, due to government was a kind of centralized based while crypto is decentralized don't ever forget that in your mind. Government don't like transparency as the way of decentralization has transparency. And because of this system of digital currency people around the world embrace this things.

if every country own cryptocurrency that is difficult to happen because if every country makes its own cryptocurrency they will definitely play a price game and certainly will make coin prices easy to manipulate and there will be many bad risks that might occur later.

Its seem like fiat money but in digital. Every government or central banks must be control their currency value and its easy for government or central banks to control their own crypto price with more supply in market. If every government create their own crypto, they still have to control the price in market because its affecting to their export or import balance

so the government has to work more if they have 2 currencies, if the government tries to stabilize and improve the rate of local currency so that their economy is far better. Should crypto also describe their economy? I think it is impossible for every country to make an idea like this?

I dont think government will create new currency and to be different currency. Government crypto still a fiat money and controlled by central bank but in digital form and its centralized. Government still control the fluctuation and supply to maintain economic more stable.

nur rochid

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Quote from: Bitfling on February 10, 2019, 07:48:12 PM

Quote from: Caladonian on February 08, 2019, 09:11:30 PM

Quote from: Bunsomjelican on February 08, 2019, 01:18:08 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?

That's impossible to be happen dude, due to government was a kind of centralized based while crypto is decentralized don't ever forget that in your mind. Government don't like transparency as the way of decentralization has transparency. And because of this system of digital currency people around the world embrace this things.

This decentralized feature of crypto makes tough acceptance coming from different government institutions, as they want transparency and complete
control with this system, digital currency might attract other countries but not all for this moment, the idea will continue being reviewed and process
we can't say no nor yes if this things will happen to every places.

Having own crypto from each countries needs them to embrace and adopt the whole system itself.

Its true that decentralized need transparant legder and anyone can see the transaction. It will make government or central banks hard to manipulate on money supply. If government issuing their own cryptocurrency, they should make regulation first

but I think it is very suitable to be applied in my country, because the government agencies in my country currently fighting corruption by using a transparency system on the use of the budget, hopefully it will soon be applied

juragane

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CAT.EX Exchange

if something like this happens, there will be a balance in every trade between countries, if every country wants to adopt crypto and every country wants to be open to crypto, there will be no inflation in every country, because crypto in all countries has the same value. there will be no more pressure from one country to another through currency wars.

Bitfling

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Quote from: Caladonian on February 08, 2019, 09:11:30 PM

Quote from: Bunsomjelican on February 08, 2019, 01:18:08 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?

That's impossible to be happen dude, due to government was a kind of centralized based while crypto is decentralized don't ever forget that in your mind. Government don't like transparency as the way of decentralization has transparency. And because of this system of digital currency people around the world embrace this things.

This decentralized feature of crypto makes tough acceptance coming from different government institutions, as they want transparency and complete
control with this system, digital currency might attract other countries but not all for this moment, the idea will continue being reviewed and process
we can't say no nor yes if this things will happen to every places.

Having own crypto from each countries needs them to embrace and adopt the whole system itself.

Its true that decentralized need transparant legder and anyone can see the transaction. It will make government or central banks hard to manipulate on money supply. If government issuing their own cryptocurrency, they should make regulation first

eann014

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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?

Every country has its own fiat currency already, so what should be the reason for making cryptocurrencies of each country? Is there be other use for it after making their own cryptocurrency or crypto-exchange system? I think the current cryptos right now are already good enough that we have right now. It can be used already in any other countries.

babarian

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This is a very good idea and idea, if cryptocurrencies are acceptable throughout the world and every country can create their own crypto currency then this would be very good for the development of crypto currencies in the world.

tinystone26

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Unleash the Power of the World's Crypto Data

I think it be the same to their regular currency which is their fiat but still it will make some sort of thing that can also get a chance to grow in the future. And I think it will increase the potential growth of some currencies if all people would know how much helpful online currency is in the our growing technology.

Pattart

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Quote from: TheClownSong on February 09, 2019, 11:17:29 PM

Quote from: umbara ardian on February 09, 2019, 11:17:06 AM

Quote from: Bunsomjelican on February 08, 2019, 01:18:08 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?

That's impossible to be happen dude, due to government was a kind of centralized based while crypto is decentralized don't ever forget that in your mind. Government don't like transparency as the way of decentralization has transparency. And because of this system of digital currency people around the world embrace this things.

if every country own cryptocurrency that is difficult to happen because if every country makes its own cryptocurrency they will definitely play a price game and certainly will make coin prices easy to manipulate and there will be many bad risks that might occur later.

Its seem like fiat money but in digital. Every government or central banks must be control their currency value and its easy for government or central banks to control their own crypto price with more supply in market. If every government create their own crypto, they still have to control the price in market because its affecting to their export or import balance

so the government has to work more if they have 2 currencies, if the government tries to stabilize and improve the rate of local currency so that their economy is far better. Should crypto also describe their economy? I think it is impossible for every country to make an idea like this?

TheClownSong

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Quote from: umbara ardian on February 09, 2019, 11:17:06 AM

Quote from: Bunsomjelican on February 08, 2019, 01:18:08 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?

That's impossible to be happen dude, due to government was a kind of centralized based while crypto is decentralized don't ever forget that in your mind. Government don't like transparency as the way of decentralization has transparency. And because of this system of digital currency people around the world embrace this things.

if every country own cryptocurrency that is difficult to happen because if every country makes its own cryptocurrency they will definitely play a price game and certainly will make coin prices easy to manipulate and there will be many bad risks that might occur later.

Its seem like fiat money but in digital. Every government or central banks must be control their currency value and its easy for government or central banks to control their own crypto price with more supply in market. If every government create their own crypto, they still have to control the price in market because its affecting to their export or import balance

STT

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Funny as this topic is, its closer to reality then we might suspect. Rather then separate national currencies, there is a standing proposal for a united currency called the SDR which is right now traded. Its a FIAT based currency and the organisation the IMF has proposed similarly a crypto based currency that would also be available.

It is feasible however I do think it would differ from BTC in its distribution and main control, not being decentralised and so on. Venezuela in theory proposed a national crypto currency but I also doubt that has really taken off, again it was never going to be decentralised so very lacking in most minds of people who support crypto

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