each state will create its own token? - page 4.

cynical

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Quote from: megynacuna on October 16, 2017, 05:42:34 PM

Quote from: acquafredda on October 16, 2017, 01:45:11 PM

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 dont think so, i thi k that countries will create their own blockchain tokens and bitcoin will exist seperately as it does witn fiat now.

megynacuna

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Quote from: acquafredda on October 16, 2017, 01:45:11 PM

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.

palle11

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Quote from: uszaty43 on October 16, 2017, 11:33:21 AM

Has anyone noticed that there are a lot of ico's and tokens about states and cities? I visited the Altcoins section on Announcements, and there are some coins like "New york coin" "londres coin" "Miami coin" this is amazing, it is obviously that this has only been created by a fan or maybe a resident from there, but it is nice.
Maybe you are not reffering to this, but it makes sense that we are probably going to see coins about cities.

On the contrary, I think that if the coins keep pumping out without daily with out a means of regulation , it might breed high level corruption and fraud. Also, fake and notoriously coins will not go to the market .

goldade

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Quote from: Lanatsa on October 16, 2017, 02:05:55 PM

Quote from: acquafredda on October 16, 2017, 01:45:11 PM

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

You do really have the point on where if government would decide to switch on making their own token then for sure all of holders would really be monitored which would somehow an odd thing when it comes on privacy when someones watches us regarding on our funds and the transactions would been made and even on the total we are holding.I would rather choose up to stay on local fiat though.

The moment government issue its own crypto, the first thing you should forget is privacy or anonymity because with government, nobody is anonymous and even the procedure of getting a court order is merely by a way to satisfy all odds or for cosmetic approach. When this happen, I don't see it affecting bitcoin because its just going to be a like the various currencies we have today that with limited use to its own country and nothing else.

Lanatsa

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Quote from: acquafredda on October 16, 2017, 01:45:11 PM

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

You do really have the point on where if government would decide to switch on making their own token then for sure all of holders would really be monitored which would somehow an odd thing when it comes on privacy when someones watches us regarding on our funds and the transactions would been made and even on the total we are holding.I would rather choose up to stay on local fiat though.

santino11

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they can do that ! it is a freedom of every country but if they will let go of all the alts and create tokens with each country thehre will be a monopoly again !

acquafredda

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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

Ilegendph

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Quote from: Gameroid on October 13, 2017, 02:27:46 AM

Quote from: Soutogu on October 12, 2017, 07:41:45 AM

One coin per state is way too much, it would be a hassle for the population. Hard to learn, hard to understand for the non-tech savvy...it just wouldnt work. We need to make it easier for the average folk to get into crypto, not harder.

I think each state will be willing to have their own crypto currency just like their fiat but i think that it will still remain as centralized currency, and therefore it cannot beat bitcoin, Bitcoin is in fact a decentralize currency which is present throughout the world and people can use it equally everywhere. While the centralized currency will be under the control of a single government and they will treat it as they are treating their fiat currency.

I don't think each government will make their own coin to replace their local currency. Bitcoin and other cryptocurrency is not like local currency that is centralized and more stabilized. And also cryptocurrencies have their main purpose, like bitcoin its main purpose is to transfer money thru trust. Another is ethereum, its purpose is for smart contract. From this we can conclude that yes, government can create their own tokens but not for the purpose of eliminating their local currencies.

speedy963

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Quote from: Fulmand on October 16, 2017, 12:54:22 AM

Quote from: KalaiBTC on October 14, 2017, 06:07:41 AM

Quote from: prtty2gal2 on October 12, 2017, 09:24:29 AM

Quote from: bncbnc on October 08, 2017, 04:01:57 PM

Quote from: Zadicar on October 08, 2017, 03:56:04 PM

Quote from: kimochidesh on October 08, 2017, 02:41:14 PM

Quote from: halisakal on October 08, 2017, 10:24:51 AM

Hello people!As you consider whether each state to create their own tokens? under its currency?

I don't think so because no country wants to give a decentralize currency to their citizen and loose the economic control from their hands. And if there is Internet everywhere than it could be accessible from any part of the world. So there is no logic behind create such a vague and useless currency.

If you do try out to read up again on what op said and mean then you would answer on different thing. If each state would decide to create their own tokens then it would surely be a centralized thing which would based on their own currency but this thing would be somehow take lots of works or adjustments since not all citizens is familiar on this kind of thing.

yes that is fact that if a altcoin is restricted to some particular area or state then it will certainly be centralize and will not as universal, But i think that this will not be succeeded, because people like to use a universal currency and therefore they will still refer to bitcoin, because bitcoin is a universal currency and it can be throughout the world with same value.

Centralized or decentralized doesn’t make a currency universal. Even bitcoin cannot be used globally by everyone as so many people will not even be able to access it due to lack of internet and being hugely behind in technology. At the end for the state, we will just end up having a form of the usual fiat they have had before in the form of digital currency which will end up being controlled.

Future will be all about bitcoin and this can be surely predicted that if this coin start circulating everyone will know about it and should use it and whereas decentralization is concerned it is the quality of bitcoin it generates huge profits which are enjoyed by investors and as internet is available everywhere in world and all are using it so why not bitcoin.

Probably yes it should be like that, each state has its own token beacause we are targeting to decentralized currency in every country and each country has different fiat money. Only the government of each country will answer on how to make there national currency be defined if this digit currency will take over as a global currency nation wide.

Bitcoin was created as a sole purpose of having an international currency that can be accepted everywhere and anytime, with faster transactions although its not that fast and can be possible if you have internet connection anywhere then you can probably access, while those tokens were created with its own purpose and unique uses that is why they called it alternate, in response of bitcoin. If anything happens that each country has their own tokens then what is the main idea of those created tokens for a better purpose if a certain country wants only to use their own local digital currency? I think its no sense.

AmXProX

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Quote from: halisakal on October 08, 2017, 10:24:51 AM

Hello people!As you consider whether each state to create their own tokens? under its currency?

If each state will create it's own token it may have a price as long as the number of token created is less than the state's population.Price increase will be slow because the demand is limited to few number of people.

uszaty43

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Has anyone noticed that there are a lot of ico's and tokens about states and cities? I visited the Altcoins section on Announcements, and there are some coins like "New york coin" "londres coin" "Miami coin" this is amazing, it is obviously that this has only been created by a fan or maybe a resident from there, but it is nice.
Maybe you are not reffering to this, but it makes sense that we are probably going to see coins about cities.

sofi@

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There's nothing wrong if states will make their own tokens it's like having a distinct currency just like the paper money of different nation but still bitcoin will be the global and main currency that will be used and accepted world wide.

Gozie51

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Quote from: Rozita on October 08, 2017, 10:34:37 AM

All we need for trading any cryptocurrency is access to internet. So any cryptocurrency which is created is global.

State owned tokens I see it as regulation as there will be limitations to its usage. A state might decide how it operates her coin and so might not even list enlist it or take it off public market off and on either due to monetary policy of the local economy because they have hold on regulating.

So if it is not enlisted, would trading it still be possible?

Fulmand

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Quote from: KalaiBTC on October 14, 2017, 06:07:41 AM

Quote from: prtty2gal2 on October 12, 2017, 09:24:29 AM

Quote from: bncbnc on October 08, 2017, 04:01:57 PM

Quote from: Zadicar on October 08, 2017, 03:56:04 PM

Quote from: kimochidesh on October 08, 2017, 02:41:14 PM

Quote from: halisakal on October 08, 2017, 10:24:51 AM

Hello people!As you consider whether each state to create their own tokens? under its currency?

I don't think so because no country wants to give a decentralize currency to their citizen and loose the economic control from their hands. And if there is Internet everywhere than it could be accessible from any part of the world. So there is no logic behind create such a vague and useless currency.

If you do try out to read up again on what op said and mean then you would answer on different thing. If each state would decide to create their own tokens then it would surely be a centralized thing which would based on their own currency but this thing would be somehow take lots of works or adjustments since not all citizens is familiar on this kind of thing.

yes that is fact that if a altcoin is restricted to some particular area or state then it will certainly be centralize and will not as universal, But i think that this will not be succeeded, because people like to use a universal currency and therefore they will still refer to bitcoin, because bitcoin is a universal currency and it can be throughout the world with same value.

Centralized or decentralized doesn’t make a currency universal. Even bitcoin cannot be used globally by everyone as so many people will not even be able to access it due to lack of internet and being hugely behind in technology. At the end for the state, we will just end up having a form of the usual fiat they have had before in the form of digital currency which will end up being controlled.

Future will be all about bitcoin and this can be surely predicted that if this coin start circulating everyone will know about it and should use it and whereas decentralization is concerned it is the quality of bitcoin it generates huge profits which are enjoyed by investors and as internet is available everywhere in world and all are using it so why not bitcoin.

Probably yes it should be like that, each state has its own token beacause we are targeting to decentralized currency in every country and each country has different fiat money. Only the government of each country will answer on how to make there national currency be defined if this digit currency will take over as a global currency nation wide.

KalaiBTC

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Quote from: prtty2gal2 on October 12, 2017, 09:24:29 AM

Quote from: bncbnc on October 08, 2017, 04:01:57 PM

Quote from: Zadicar on October 08, 2017, 03:56:04 PM

Quote from: kimochidesh on October 08, 2017, 02:41:14 PM

Quote from: halisakal on October 08, 2017, 10:24:51 AM

Hello people!As you consider whether each state to create their own tokens? under its currency?

I don't think so because no country wants to give a decentralize currency to their citizen and loose the economic control from their hands. And if there is Internet everywhere than it could be accessible from any part of the world. So there is no logic behind create such a vague and useless currency.

If you do try out to read up again on what op said and mean then you would answer on different thing. If each state would decide to create their own tokens then it would surely be a centralized thing which would based on their own currency but this thing would be somehow take lots of works or adjustments since not all citizens is familiar on this kind of thing.

yes that is fact that if a altcoin is restricted to some particular area or state then it will certainly be centralize and will not as universal, But i think that this will not be succeeded, because people like to use a universal currency and therefore they will still refer to bitcoin, because bitcoin is a universal currency and it can be throughout the world with same value.

Centralized or decentralized doesn’t make a currency universal. Even bitcoin cannot be used globally by everyone as so many people will not even be able to access it due to lack of internet and being hugely behind in technology. At the end for the state, we will just end up having a form of the usual fiat they have had before in the form of digital currency which will end up being controlled.

Future will be all about bitcoin and this can be surely predicted that if this coin start circulating everyone will know about it and should use it and whereas decentralization is concerned it is the quality of bitcoin it generates huge profits which are enjoyed by investors and as internet is available everywhere in world and all are using it so why not bitcoin.

katiecbell

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Quote from: Unplugged on October 11, 2017, 08:33:11 AM

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.

tdrinker

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Quote from: Persiville on October 13, 2017, 01:52:49 AM

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.

warrior333

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Quote from: lordquanta on October 13, 2017, 03:08:52 PM

Quote from: halisakal on October 08, 2017, 10:24:51 AM

Hello people!As you consider whether each state to create their own tokens? under its currency?

There are some who are area in world who have local currency than national currency. Creating currency or token by each state is not good idea because currrency that is common currency is what keeps a country as a country. If each state gets different token then it is added load on the economy and danger to the society. Who is going to keep tab on these tokens from each state? Who will decide worth of token? with different or independent currency or token wouldn't it enable process of separatist movement?
It would definitely start a separatist movement, the states who have token value greater will try to keep others from entering their state.

our apocalyptic scenario is very similar to our future. It now seems incredible but I think that it will. Print your own money the territory will not be able to release their but a cryptocurrency can easily. Perhaps they will join corporations such as AMD, Nvidia. Why would they trade stocks if they can attract investment through its own cryptocurrency. Their hardware directly stimulates the release of cryptocurrency. This currency will be the only one to have physical security and will be very popular.

lordquanta

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Quote from: halisakal on October 08, 2017, 10:24:51 AM

Hello people!As you consider whether each state to create their own tokens? under its currency?

There are some who are area in world who have local currency than national currency. Creating currency or token by each state is not good idea because currrency that is common currency is what keeps a country as a country. If each state gets different token then it is added load on the economy and danger to the society. Who is going to keep tab on these tokens from each state? Who will decide worth of token? with different or independent currency or token wouldn't it enable process of separatist movement?
It would definitely start a separatist movement, the states who have token value greater will try to keep others from entering their state.

iluvpie60

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If each state in the USA created their own crytpo it would be massively confusing and a waste of time.

We only need BTC + a few altcoins that are actually worth having(ETH/Monero/Zcash/Litecoin etc).

Having another 50+ crypto for each state is dumb and almost nobody would use it.

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