Hello people!As you consider whether each state to create their own tokens? under its currency?
It will be good for each state to create their own token under blockchain technology or ethereum and if possible the monetary system we have now should be scrap. Bitcoin and cryptocoins technology provides the best system for all of us and it creates the best system. Bitcoin represent freedom and governments should study this great system and adopting it to their financial institutions and if possible are Educational system. 
Topic: each state will create its own token? - page 6. (Read 2149 times)
It will not matter if all country creates their own token out of their own currencies what important is that the people who will use their tokens because if the market for such will not increase then their tokens might only got lost and may be out in the circulation after few moments besides if there are lots of token I don't think people will love having them all. surely only few can stand.
Hello people!As you consider whether each state to create their own tokens? under its currency?
Probably yeah, now that the market of crypto is bullish and has become a world wide trend off late thanks to one, ransomeware attack and two, bitcoin 's price. People are getting to know that such a thing called bitcoin exists and it's per coin worth is more than 4700$. So what governments are planning to do is to release their own centralized currency with blockchain interface and technology involved in it. Hello people!As you consider whether each state to create their own tokens? under its currency?
At some point in time we will see governments coming up with their own state-backed cryptocurrencies. Countries like US, China, Russia, Japan, Singapore, India etc are already looking at this possibility. Adopting Blockchain technology to issue centralized cryptocurrencies would lead to digitalization of an economy and in the long-term it might gradually transform a cash-based economy to a cashless society.
A country like Sweden where only about 15% of transactions are in cash, a state-sponsored cryptocurrency would be quickly adopted by their citizens. But it isn't the same with other countries, like India where only 2% of transactions are cashless. So basically if a country comes up with their own cryptocurrency, it would be a parallel system where both a cryptocurrency pegged against the primary currency and Fiat both would co-exist. As far as adoption of a centralized cryptocurrency is concerned, it would depend on a country's cash to cashless transaction ratio.
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.
yeah, not more country want to implement their own token to be use on their own, because without the internet, its useless like for example of this PSB which implemented in philippines are soon to dump and flap like a bubble. much better to use cryptocurrency for world wide use for more clients and modern upgraded system. because most of people now are using internet in their whole daily activity for their work.
All of the state is tempted to try to make their own currencies, not only state but I am sure most of the people ever thought of making their own coin, but it is not a good idea,it will make more unused coin and in the end the coin will have zero value, I think the country should focus on supervise and control their fiat value
Hello people!As you consider whether each state to create their own tokens? under its currency?
Isn't a good idea. In current fiat currency system, we consider the inflation of money to be zero/constant hence person spending either his first or last unit of money has same affection towards both.
But if such system is replaced by state-based cryptocurrency then the supply of money will become limited. This will initiate speculation activities and people will start holding their money, hence, will decrease the liquidity of money. Along with inflation of items, concept of inflation of money will enter the economy. Now the last unit of money spend will be more dearer to consumer than first unit. Thus such system may not work out very well.
All we need for trading any cryptocurrency is access to internet. So any cryptocurrency which is created is global.
about your global crypto is true, maybe if the country makes their own coins, I think it's just localized.May be used only for one country only.
Hello people!As you consider whether each state to create their own tokens? under its currency?
No. I would support that each country would create their own tokens ratger than each state. It would be hard to trade from one state to the other due to the volatility, difference in price due to different level of demand making a sort of barrier to one state to the other. Hello people!As you consider whether each state to create their own tokens? under its currency?
I have exactly the same questions. As we seen today, there's alot of token has created, its even increase day by day. And I wonder , if each country in the world, have created their own cryptocurrency as a replacement of the current currency. I Thought it could be happen. For example, if USA created their own cryptocurrency, they would call it $token, or something else. Each country have a different token, and also a different price, just like the current currency. It will made the world become more digital. It might be, Someday.
if every country legalized crypto would likely make each token as a means of payment in their country, but this would make a decrease in income in banks that use where fiat money because people prefer new tokens in their country for daily payments and new investment venues they
This is still not happening but there are some altcoin as token represent our country bu not controlled by government.. and its been a long time was already discuss this just forgot the title but the same question .. and until now its still no country are making their own token for their fiat and i think its really don't need to.. because we already have some real money and virtual money online the same name so this token will be use less if they made this .. and bitcoin could be one of the good virtual token that we can use online..
If such a situation arise, then surely the digital growth gets affected in a large scale. Because while a difference is created between states, automatically the capital volume gets affected and the same will create a decreased value for the tokens. Also one feels difficulty in usage when user can't use one state's token over the next state, though both states belong to the same country.
Hello people!As you consider whether each state to create their own tokens? under its currency?
Maybe it can but I don't think it will happen world wide because it is just like inventing a car that can be use water as an alternative gas, we all know that cryptocurrency is good and we all feel that it is the future of digital currency but if you will implement it in each state for an alternative to Fiat currencies then many political parties and business man will hinder it and do some extraordinary movement to stop it no matter how good it is.
Let's just hope for the best to happen in the next years for Bitcoin and support it wholeheartedly.
It's probably the only way to go.
Monetary system with no guns to enforce it can work on a small scale, like BTC today.
Once it grows enough to become interesting for people with big guns, they will start appropriating it. For instance, it would be a minor thing for China to declare mining illegal, seize the gear and start mining their Chinacoins. The money involved is peanuts for them at the moment, so we can enjoy our breaks for a while.
Monetary system with no guns to enforce it can work on a small scale, like BTC today.
Once it grows enough to become interesting for people with big guns, they will start appropriating it. For instance, it would be a minor thing for China to declare mining illegal, seize the gear and start mining their Chinacoins. The money involved is peanuts for them at the moment, so we can enjoy our breaks for a while.
I think that this is a possibility and as a STRONG advocate of a free money competition based system, I'm all for it. The best will remain, the rest will vanish.
I think it is not with states but i am sure i saw some coins like Europe Coin and Asia Coin also i saw a lot of others like Putin Coin and Trump coin i did not know those exists but when i was studying a little bit about bitcoin and i found them.
Thats what they want atm.
Just like their individual currencies, they want their own fiat currencies also. Whic is really dumb when conpared to the fact that they cn rather aim to bring a universal currency that solves all the trade issues and makes he monvement of people worldwide much easier and eliminates forex fees and stuff.
Just like their individual currencies, they want their own fiat currencies also. Whic is really dumb when conpared to the fact that they cn rather aim to bring a universal currency that solves all the trade issues and makes he monvement of people worldwide much easier and eliminates forex fees and stuff.
My immediate reaction to the idea of each state creating its own tokens was initially that of "that's not how it works, guys". Then again, I've had a whole year to watch this crypto space get flooded with new coins, new forks, new tokens, and tokens on top of chains, on the side of chains, tokens on top of coins on top of chains... I guess it's only natural that some states would want to exert their own influence on blockchain... if only for their own piece of history.
If anyone read Putin's recent words to the press, it might even seem he might approve of the idea of Russia's own national crypto too.
If anyone read Putin's recent words to the press, it might even seem he might approve of the idea of Russia's own national crypto too.
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.
Yes because it will be dome at the high risk but on the other hand there is nothing possible without the risk the price of the bitcoin will be high and the other currency will be invented then it will take high time to grow and to make the more profit than the present currencies, the bitcoin is already very famous and the people are very interested in the bitcoin so I don’t think that the new token or the currency will take the place of the bitcoin. Jump to: