Hello people!As you consider whether each state to create their own tokens? under its currency?
I think its not a good idea for each state to have its own token or crytocurrency. Imagine that you need to have a different token when travelling considering that you are not even going overseas, you are just moving from one state to another state. This is one reason why Bitcoin is a great idea because it is universal, you can use it anywhere and no need to fall in line to exchange for fiat as long as one store is accepting Bitcoins you are good to go, no need to convert. 
Topic: each state will create its own token? - page 3. (Read 2149 times)
I believe that there is no need for us to have different tokens as long as it can be used anytime then there should be no problem. It also doesn't makes sense if different states have different tokens.
The reasons for having more than one currency are economic, it is very difficult for individual countries to manage their economy if they do not have control over their own monetary supply.
To me it's not that much bad because if every state will create their own token it will be good for them also it has to be a real and good token like btc
Hello people!As you consider whether each state to create their own tokens? under its currency?
it could and no one prohibits the making of tokens if it is a good and productive token, but if it only makes a token that is not good and not good it harms the country for making its country name ugly.
Hello people!As you consider whether each state to create their own tokens? under its currency?
There are many states i would like to say that Pakistan is one of them because because is huge marketing in bitcoin on 3rd place while India is the 2nd so i would like to say that you should need to search that in google. 
In coming days all government will form new rules and regulations for starting a coin. I think it is not possible to create coin on individual basis they need to get permission from the government sectors. I think it is not possible to create coin on every state of the country.
I think it's already began as Dubai and the likes have started exploring the opportunity of creating their own cryptocurrency which I think will promote Bitcoin and cryptocurrencies even further.
For me, state will consider creating their own cryptocurrency, there has been numerous attempts to create them in the past, however, I haven't seen anyone being successful. China and Russia already announcement that they are creating a state sponsored coins, however, I'm don't see any difference with bonds or mutual funds. I think they are just creating just to satisfy their citizens who are into crypto's. But I heard that they will have to imposed taxes on them. Russia is planning 13% tax which for me it not good. Although the wealthy can avail of this so call state sponsored crypto coins. So its not beneficial to the masses, the way I see it.
In coming days all government will form new rules and regulations for starting a coin. I think it is not possible to create coin on individual basis they need to get permission from the government sectors. I think it is not possible to create coin on every state of the country.
I think it's already began as Dubai and the likes have started exploring the opportunity of creating their own cryptocurrency which I think will promote Bitcoin and cryptocurrencies even further.
Hello people!As you consider whether each state to create their own tokens? under its currency?
Will it still be decentralized? Once each state has their own coin then it will have less damand because it is state specific.
In coming days all government will form new rules and regulations for starting a coin. I think it is not possible to create coin on individual basis they need to get permission from the government sectors. I think it is not possible to create coin on every state of the country.
I think it's already began as Dubai and the likes have started exploring the opportunity of creating their own cryptocurrency which I think will promote Bitcoin and cryptocurrencies even further.
Hello people!As you consider whether each state to create their own tokens? under its currency?
I think it is very hard for i doubt about the policy of the government with regards of their monetary policy but may happen in the future. It will be much easier for every country to transact thru digital currency.
In coming days all government will form new rules and regulations for starting a coin. I think it is not possible to create coin on individual basis they need to get permission from the government sectors. I think it is not possible to create coin on every state of the country.
I would really hope not, seeing as how the whole point of a currency is to conform to one form of payment and perform transactions with it. But if each state made their own currency....this would be no different than considering them as different countries.
Don't bother too much, i think it will not going to happen soon, sime countries bans crypto already, some wete too scared even to try it for it's ubstable and having own token can cause loses to tge banks tgat government will not allow to happen.
I would really hope not, seeing as how the whole point of a currency is to conform to one form of payment and perform transactions with it. But if each state made their own currency....this would be no different than considering them as different countries.
Hello people!As you consider whether each state to create their own tokens? under its currency?
Im not sure if that was a good idea because in order to create a token we just only need an internet means it can be use and accesible worldwide.
In my country Philippines, some bitcoin user created PSB token (pesobit) like pesos currency but it seems that coins is going to dump now.
Yes PSB now is dumping then the developer have plan again to do a new currency.
Making token for separate countries would result in same as current situation. It will be kind of similar to the fiats of respective countries. I think after introducing such tokens, they will mostly put on some restrictions and regulations. Bitcoin is enough with various alts currently present in the market. And yeah token wouldn't help until the country is well built with advanced infrastructure. Or literally not even 50% could use it of some specific countries.
Hello people!As you consider whether each state to create their own tokens? under its currency?
Im not sure if that was a good idea because in order to create a token we just only need an internet means it can be use and accesible worldwide.
In my country Philippines, some bitcoin user created PSB token (pesobit) like pesos currency but it seems that coins is going to dump now.
Yes PSB now is dumping then the developer have plan again to do a new currency.
Making token for separate countries would result in same as current situation. It will be kind of similar to the fiats of respective countries. I think after introducing such tokens, they will mostly put on some restrictions and regulations. Bitcoin is enough with various alts currently present in the market. And yeah token wouldn't help until the country is well built with advanced infrastructure. Or literally not even 50% could use it of some specific countries.
Hello people!As you consider whether each state to create their own tokens? under its currency?
Im not sure if that was a good idea because in order to create a token we just only need an internet means it can be use and accesible worldwide.
In my country Philippines, some bitcoin user created PSB token (pesobit) like pesos currency but it seems that coins is going to dump now.
Yes PSB now is dumping then the developer have plan again to do a new currency.
Hello people!As you consider whether each state to create their own tokens? under its currency?
I'm not really sure if you meant state as a country or state as a fraction of a country. Anyway , if you are talking about a country, that won't be a bad idea because the it might make the fiat there to either compete with each other which could be healthy and it will boost the country's strength if it is listed in ICO market.
On the other hand, for a state as a fraction of a country to have a separate crypto, that will be a difficult task to do and it will breed division in the country as a whole.
Our privacy will be gone forever if one day governments will start issuing their own crypto currencies. It will be worse than today where we are slowly losing touch with our wealth. We are going to be owned by the state that will know all our financial history. One might argue that this is already possible but state backed cryptos sound tremendously scary
Exactly, that's why we shouldn't tolerate any little interference by the governments to regulate bitcoin or set new rules that seeks to control its usage in particular jurisdictions because they will end up invading our privacy and view all transactions and personal informations.
I'm sorry man, your view is too simplistic. We have no control over this. So long as Bitcoin and cryptocurrencies will give us a bit of choice I think we have to learn how to protect ourselves. As for the rest there's not much we can do.
It's possible but its not profitable in some cases. For example, a third-world country tries to create a token just a couple of months after its launch it might fail miserably. Internet and Advertisement is key in every ICO. If one fails to do so then it is bounded for failure.
It is crystal clear that every country is highly impressed by digital currencies and the way they work. They are definitely going to attempt launching their own currency. Recently India has given a hint about launching her currency called Lakshmi. But again the question here is whether these will be successful or not? You have answered it well and I also believe that it demands hell of publicity to make your currency popular.
The population still needs an internet connection to be able to use. So what about the citizens who don't have an internet access? They will become "unbanked"
USA (~300 million citizens) and Australia (~25 million citizens) are the top countries with internet access but still, only 90% of the population has access to the internet. It means over 32 million citizens won't have access to a banking (crypto-based) system
In some countries in Africa, only 10% of the citizens have internet access, it means 90% of the population won't have access to a banking system. Can't run this type of economy (cryptos based) in those countries.
The OP only suggested if each country will create their own tokens not that those tokens will replace cash, I think governments are going to try to create their tokens but whether those tokens are going to be successful is another story, people will use them but when things get difficult in the economy people will recognize that bitcoin is way better since it is independent of government direct control.USA (~300 million citizens) and Australia (~25 million citizens) are the top countries with internet access but still, only 90% of the population has access to the internet. It means over 32 million citizens won't have access to a banking (crypto-based) system
In some countries in Africa, only 10% of the citizens have internet access, it means 90% of the population won't have access to a banking system. Can't run this type of economy (cryptos based) in those countries.
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