Each country has its own crypto currency! - page 9.

legenduim

full member

Activity: 588

Merit: 101

Quote from: cryptokingdom on December 21, 2018, 07:39:29 AM

If each country decide to have cryptocurrency I feel the most popular and the most expensive will be USAcoin. The whole world sees what ever USA do as more perfect than any other part of the world.

have you come to this conclusion because of the evident dominance of the USA dollar? What if everything will be different with the cryptocurrencies? However, I do not think that many countries are ready to create their own crypto now.

pant-79

hero member

Activity: 994

Merit: 502

I suppose that when issuing their coins, these countries will provide them with the currency of their own country or with some valuable resources of their country. So real value can be estimated only later, when the currency is created. For example, if the United States creates its own currency and backs it up with the United States dollar, then that currency will obviously have a high value.
And if Russia launches its coin and backs it up with diamonds (and we know that Russia ranks first in terms of mining diamonds in the world), then its currency will also be very much appreciated.
But for earlier nothing can be said for sure.

Zapitmyname

newbie

Activity: 25

Merit: 0

Quote from: wendiar19 on December 23, 2018, 04:04:02 AM

if every country already has its own cryptocurrency, it is certain that the development of cryptocurrency will be better and that many will use cryptocurrency for sure the price of cryptocurrency will be very expensive.

With this step the governments will involve in the crypto community and as they have all the resources for the success and development of a technology so they will really give a bigger success to the blockchain technology. It will also increase the marketcap of all the coins.

krishnaverma

full member

Activity: 1372

Merit: 106

Available for rent

I am not in favour of each country issuing its own crypto as it is against the basic foundation of crypto. This would mean that these countries will completely own and operate these currencies the way they want.

It reduces the power of cryptocurrencies which is the major usp in my opinion.

Altf4

member

Activity: 322

Merit: 10

If all country has its own cryptocurrency, this means that crypto has already bso een adopted and accepted by the different country worldwide so if this happen then the cryptocurrency holders are now comfortable using their crypto to transact payments to the different establishment worldwide.

dangerousdanjon

newbie

Activity: 32

Merit: 0

Quote from: diamond_shine1 on December 22, 2018, 09:31:22 AM

if it happens like that it is likely that China will dominate the market
because the problem of Chinese trade is better than other countries ...

But I do not think that China coin will be more expensive because with the previous restrictions from China it looks that they are not supportive for Bitcoin. But Japan is more supportive for cryptocurrencies and I am sure that Japanese coin will be higher than all others.

Faxmate

sr. member

Activity: 1071

Merit: 253

Quote from: Semosuchi Tesongrato on December 23, 2018, 01:47:48 PM

At the moment when each country will have its own crypto currency, it will simply no longer be "crypto": the concept of Bitcoin is precisely that of being decentralized and transnational.
If it is under the control of a central bank, it will be a fiat currency like any other.

Bitcoin is the best currency forever because this currency is for everyone and every country so if each country has their own crypto currency so they can't improve their currency as like bitcoin, so that's why bitcoin is the best currency and each country's government should improve this currency because it will give them many opportunity and many benefits for their economy.

Semosuchi Tesongrato

member

Activity: 546

Merit: 33

Rasputin Party Mansion

At the moment when each country will have its own crypto currency, it will simply no longer be "crypto": the concept of Bitcoin is precisely that of being decentralized and transnational.
If it is under the control of a central bank, it will be a fiat currency like any other.

fianaindriati

sr. member

Activity: 700

Merit: 250

Quote from: wendiar19 on December 23, 2018, 04:04:02 AM

if every country already has its own cryptocurrency, it is certain that the development of cryptocurrency will be better and that many will use cryptocurrency for sure the price of cryptocurrency will be very expensive.

if this really happens, of course this is good news, because we certainly think that every country does not have crypto. so we just wait, how are things going for the future.

jack1111

hero member

Activity: 924

Merit: 500

I think no thing will change with regard to the value of the token, because it will be backed by the fiat currency, but that can facilitate different kinds of deals and save expenses. Most likely the smart contract will give the government the ability to freeze funds, that contradicts the essence of Crypto.

virasog

legendary

Activity: 2954

Merit: 1159

Quote from: wendiar19 on December 23, 2018, 04:04:02 AM

if every country already has its own cryptocurrency, it is certain that the development of cryptocurrency will be better and that many will use cryptocurrency for sure the price of cryptocurrency will be very expensive.

Yes, this will help each country to focus on their own digital currency and it will bring good healthy competition between the altcoins. I wonder what will be the role of bitcoin if every country will use its own currency ?

marcelocoin

hero member

Activity: 1085

Merit: 500

hi =D

everything that comes from the government of any country is at least suspect, the crypto-coins are decentralized in parts, but a government currency would be interesting, but many would try to overthrow it, since many people are libertarians, do not like control of their funds, investments or money!

maemunah

sr. member

Activity: 672

Merit: 250

Quote from: wendiar19 on December 23, 2018, 04:04:02 AM

if every country already has its own cryptocurrency, it is certain that the development of cryptocurrency will be better and that many will use cryptocurrency for sure the price of cryptocurrency will be very expensive.

therefore, with many countries that already have their own digital currency, it will be a good way for the development of crypto currencies to be able to get better and brighter as well as their future.

KKH84

full member

Activity: 602

Merit: 100

Quote from: Janation on December 23, 2018, 03:06:29 AM

Quote from: KKH84 on December 22, 2018, 08:48:44 AM

I think that in the future possibility can occur, every country will have its own fiat currency because it will have many benefits, such as minimizing corrupt practices in government institutions.

And how can that reduce the corruption that is happening in a country?

I don't think it will be able to stop the corruption of a country even if you use cryptocurrencies. First off, cryptocurrencies are decentralized; it may have a site where you see the transactions like Blockchain.info but do you know whose wallet it was? Second, the anonymity of it is a favor to these politicians that corrupt their country. I think if a country use Bitcoin or any other cryptocurrencies, it is still prone to corruption.

Indeed, it is necessary to innovate further, if the wallet has an identity, what do you think, is it possible? like motorized vehicles that have their own identities in each region of the country.

TelolettOm

hero member

Activity: 2086

Merit: 553

Leading Crypto Sports Betting & Casino Platform

It's still a long way off when we talk about it now. there needs to be prior research in doing things like this. cryptocurrency itself is still a debate for many people today.

automaticmoney

member

Activity: 420

Merit: 18

Now the market trend for stable coin craze is going to every country or organizations are planning for stable coin in return cryptocurrency is getting publicity

wendiar19

full member

Activity: 470

Merit: 102

if every country already has its own cryptocurrency, it is certain that the development of cryptocurrency will be better and that many will use cryptocurrency for sure the price of cryptocurrency will be very expensive.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: KKH84 on December 22, 2018, 08:48:44 AM

I think that in the future possibility can occur, every country will have its own fiat currency because it will have many benefits, such as minimizing corrupt practices in government institutions.

And how can that reduce the corruption that is happening in a country?

I don't think it will be able to stop the corruption of a country even if you use cryptocurrencies. First off, cryptocurrencies are decentralized; it may have a site where you see the transactions like Blockchain.info but do you know whose wallet it was? Second, the anonymity of it is a favor to these politicians that corrupt their country. I think if a country use Bitcoin or any other cryptocurrencies, it is still prone to corruption.

NavI_027

full member

Activity: 1232

Merit: 186

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?

That is a very hard question but if we assume that each country will fully support their crypto coin then I will go with China because they've got the largest population,just imagine the demand they can make.

Well, each country having their own coin was a nice concept but for me it is ideal not not practcal. Ideal in a sense that it is way impossible for a particular counyry to suddenly abolish their current monetary system and switch to cryptocurrency; and impractical in a sense that there is no a common coin that can be used for trading internationally. For example, Great Britain don't want to have USAcoin because it's valueless inside their country (and vice versa)

Seeker#9

full member

Activity: 658

Merit: 102

Quote from: ufalo3 on November 12, 2018, 11:58:56 AM

If each country releases its own coin then it will stand in little price and will soon die because it will not bring significant benefits. Better to accept bitcoin in all countries of the world.

I think only the ones that are not constantly updated will going to die because their developers are not active improving the coin of their state. If wealthy nations like US, Japan and Germany make their own cryptocurrency that tied on their national currencies, they will surely hire developers that will be always active and constantly improving the features of their coin to match the popular cryptocurrencies in the market.

Topic: Each country has its own crypto currency! - page 9. (Read 3603 times)