Topic: each state will create its own token? (Read 2120 times)
If globalization between countries strenghtens we can see the creation and development of unified international cryptocurrency.
I don't understand the idea of creation of the state currency. Why is it needed if the idea of crypto is decentralisation and globalization... but I still don't believe in the idea of a single global currency because this may lead to poverty in many countries. So, let fiat and crypto exist in parallel
What do you mean with under its currency? Most countries use the fiat system where they can create as much as they want and this creates the inflation and loss of the value of our money. Do you have any idea how a government issued token could run where they can create as much as they like?
Those tokens that will be created through each state is like they are digitizing their own fiat system. That will be useless if they'll do that if most of their citizens are into crypto already, they'll just use that token/digital currency just to purchase things that they need and majority will stay in crypto such as bitcoin since it's value is growing. Most countries don't prefer to create their own token, they are good already with cash basis.
Hello people!As you consider whether each state to create their own tokens? under its currency?
. I dont think so that every country Will create their own token, because it so expensive to do it, How much they gonna pay to produce that kind of token if just in case? One more thing we use token if ever for exchange. For what is the use then of each countries local coins if they Will produce another one. So token can only exist through computers as being a digital currency. Hello people!As you consider whether each state to create their own tokens? under its currency?
We do have. Each country has in their own currency. Realy coin, real matterial money. I dont get what you are trying to ask. If each country will produce virtual currency base in their local currency? I dont know how will it happen. 
I think this scenario will not be real, it is technically not very difficult, even some countries can make their own digital money. But is this necessary? It is not neccesary, I think. Every country has its own economy law.
I don't think this is gonna happen .
Firstly by each state.. we are counting those countries too that are.. unable to cope up with their low value of Currencyand poverty , those too that are always in a war against the world.. there are many things one needs to consider before creating a token ..
Will everyone be able to use it ?
Do they hold that much.. people with access to Internet .
You know in many parts of the world we aren't even anle to make sure they don't sleep in dark so .. I think firstly other problems needs to be solved or else it won't work .
Firstly by each state.. we are counting those countries too that are.. unable to cope up with their low value of Currencyand poverty , those too that are always in a war against the world.. there are many things one needs to consider before creating a token ..
Will everyone be able to use it ?
Do they hold that much.. people with access to Internet .
You know in many parts of the world we aren't even anle to make sure they don't sleep in dark so .. I think firstly other problems needs to be solved or else it won't work .
This is really possible to happen, but the question is this really helpful to some countries given that we use different cryptocurrency every countries and state, i can be a disaster to think in some country who has great inflation rate to adjust the change
Already each and every country have their own fiat currencies so it is no need to create tokens for each country.The basic property of crypto currency is decentralized if it was controlled by their government it is same as the fiat economy,so creating separate currency for each country is not a good idea.
Hello people!As you consider whether each state to create their own tokens? under its currency?
Actually, all states do have their own currency which maybe based from other countries currencies or just made and established by their own government. Well, if each countries or state will be creating their own customized tokens for different purposes or usages, it will be just fine because it has been already made since then that each countries have their own currencies so no matter what happen if they will established their own tokens, it will not be different anymore.
This won't work. Having its own token will just lower the value of the token that has not been in used that much. State economy might easily fall.
I think its not advisable for a country to create their token substitute for their currency because its in their control, what I am expecting is that every state will create a project that is based on blockchain to improve their services rendered to the tax payers.
All we need for trading any cryptocurrency is access to internet. So any cryptocurrency which is created is global.
yes I agree with that all readings of any cryptocurrency is always access to internet that's why it is created globally and many of them is always taking a part of it.
Every state have its own political will. They have its own government to do so. Every state having its family member, church, school, hospital, businesses.
If one state creates its own coin to use as a medium of exchange they can do it because the power to create is in their hands to make it possble. It should experience a little adjustment incase that it will happen. The communities have its own freedom to express their own will. They can decide to accept it whole heartedly. Everything goes according to what will be. Every decision to make its own coin will probably take some risk to make it happen.
If one state creates its own coin to use as a medium of exchange they can do it because the power to create is in their hands to make it possble. It should experience a little adjustment incase that it will happen. The communities have its own freedom to express their own will. They can decide to accept it whole heartedly. Everything goes according to what will be. Every decision to make its own coin will probably take some risk to make it happen.
Hello people!As you consider whether each state to create their own tokens? under its currency?
That is a fact though, that anyone or any organization can indeed create their own cryptocurrency.
Nothing is stopping them from doing so, but the process of making that token or currency survive
and endure is a different approach. It is an ambitious aspiration and maybe some have pulled it off
better than others. But wouldn't it affect the economic relations? Like any other situation, there
will always be a positive and negative factor to such a venture.
maybe soon we can see that each state create a new token because I think they can get some benefits from this and they will invite many investors from their state to join with them. I can imagine what will happen later if every state creates the tokens because as of today, there are too many states that have the chance to create a token and I don't think that every token created will be the success in the public.
Hello people!As you consider whether each state to create their own tokens? under its currency?
yes, now every country already has its own token even though it has not been able to compete with bitcoin but I am sure one day there will be a bitcoin rival
I was thinking of that possibility. New era of the world is coming thats why some changes must be done. China for example, they ban bitcoin because they want to have their own tokens which their people will utilize and might be competition of bitcoin. This process is evolving to different big country. But if its for worldwide? I doubt it. Many country dont have stable and fast connection (sadly, my country is one of them). If this coins/token will be use, ofcourse connectivity is an important factor to use. Maybe this possibility will take up more years to be globally implement.
Hello people!As you consider whether each state to create their own tokens? under its currency?
I think for me,having a token in each countries it signifies of what country it came from, is just similar to fiat currency that every country have their own local currency. I think it is not a good idea, because all we need is to have a single currency that make all of us unite not by having a discrimination towards others. Bitcoin currency is enough for us as considered to become a global currency aside from USD and I also think that if the government will make their own country coin then it will become successful but if the creation is done by just a person then the coin will not succeed like what happened in pesobit like you said that it resulted for being a waste.
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