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Topic: Each country will have his own altcoin , how about bitcoin? - page 2. (Read 988 times)

legendary
Activity: 980
Merit: 1000
even those countries will have their own cryptocurrency but doesn't mean people in there will not use bitcoin especially for those who has get benefit from bitcoin but it all depends on global market because if bitcoin prices going down and will became useless may be another cryptocurrency will replace bitcoin but if we see the current situations i think not possible because people still like and use bitcoin
hero member
Activity: 1274
Merit: 516
Bitcoin will still survive no matter how many alt coins will come out or being created, bitcoin will be used globally
Unless the alt coin can become as famous as bitcoin then maybe the alt coin can replace bitcoin but i dont think that can happen
newbie
Activity: 36
Merit: 0
No country will replace bitcoins because to many users are now using them. But I agree to some extent that one or another cryptocurrency will rise sooner or later to compete with Bitcoins.
hero member
Activity: 770
Merit: 500
Forza Roma
this week i read 2 news same news
1. Bank of Tokyo-Mitsubishi says testing its own digital currency ( source)
2. Canada Has Been Experimenting With A Digital Fiat Currency ( source)

so in future each country will have his own altcoin, what do you think about bitcoin ?
bitcoin still be 1st crypto currency ? or the new altcoin from biggest country will replace it ?

Both the UK (Bank of England) also started developing it's own crypto coin, and from what i heard more countries are behind them.
There will come more countries but none of them will really succeed. They don't realize what the people want
sr. member
Activity: 364
Merit: 250
I think it's hard for the country to replace bitcoin from being main cryptocurrency because of the volume users that will get financial loss if bitcoin replaced by other altcoins.
legendary
Activity: 3080
Merit: 1500
I doubt all other countries will have their own digital currency because not every country is open to experiment specially when it comes to economy.

Bitcoin is the number one and it will remain number one because of its market capitalization. It is currency standing at 11 billion which is far greater than most of the countries' economy. It is not easy to downgrade from this level. TO decrease the market cap from this level, a mass movement is required and it is very very tough to organize because bitcoin users are spread across the world.
legendary
Activity: 2282
Merit: 1023
These government back digital currencies will be completely centralized, and therefore different from the idea of bitcoin. Change in government itself will very likely resulting in the breakdown of the system and render them useless.

Bitcoin is decentralized and will not be affected by all these human/political changes.
sr. member
Activity: 364
Merit: 250
this week i read 2 news same news
1. Bank of Tokyo-Mitsubishi says testing its own digital currency ( source)
2. Canada Has Been Experimenting With A Digital Fiat Currency ( source)

so in future each country will have his own altcoin, what do you think about bitcoin ?
bitcoin still be 1st crypto currency ? or the new altcoin from biggest country will replace it ?

I think it will be hard for other country to replace bitcoin because many people around the world are already using bitcoins for years.
copper member
Activity: 1218
Merit: 1007
Post your ann & bounty just contact me
this week i read 2 news same news
1. Bank of Tokyo-Mitsubishi says testing its own digital currency ( source)
2. Canada Has Been Experimenting With A Digital Fiat Currency ( source)

so in future each country will have his own altcoin, what do you think about bitcoin ?
bitcoin still be 1st crypto currency ? or the new altcoin from biggest country will replace it ?
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