I am among those who will support the government if indeed the government intends to make its own crypto coin. This is not a threat
in my opinion, because the possibility of cryptocurrency is legalized and if it is like that the news is very encouraging. Because it's time
for all countries to have their own crypto coins, so that financial transactions will be more effective and efficient. I hope this will soon
come true, because so the government can adopt blockchain technology.
Topic: Goverments creating digital currencies - Threat or Opportunity? - page 6. (Read 3558 times)
April 23, 2020, 07:04:10 PM
April 23, 2020, 06:30:08 PM
if the government starts creating their own cryptocurrency then I think that's an opportunity, Cryptocurrencies have the opportunity to be legally valid and can be used for transactions
threats may exist, but only threats to market competition
threats may exist, but only threats to market competition
April 23, 2020, 06:14:55 PM
In accordance to what you said, country controlled currency is more of a threat because of one simple thing and that is tax. They want a controlled and centralized crypto because they simply can't control the pioneering cryptocurrency, just imagine how much money the government have if they have taxed the people who earned cryptocurrency but they can't do it because they do not have control over it. If in the near future that all countries have their own crypto would spell bad thing for the prices of all the cryptocurrency, because there are more crypto to choose which in turn will dramtically decrease the demand and thus lowering its prices. We also shouldn't forget that when this nation controlled crypto come into fruition, there is a high possibility of banning all other decentralized crypto.
Cryptocurrency being controlled by the government might have taxes because that is how fiat currency works that we use it in paying taxes for the economy of a country, so if the government will create their own cryptocurrency it will not have any differences to fiat at all or it is not unique anymore.I think the difference with fiat is the ease of transaction as you don't have to use the physical paper money anymore. Of course, there will be taxes as it is controlled by the government. But the idea of using digital currency is not far as like in this pandemic situation. If people have the choice to use their own digital currency and shops are accepting it, they will use it instead of the paper money because of the risk of transferring the virus. So I guess, creating digital currencies is not a threat but an opportunity to widen the usage of crypto. People will always have a choice if they will use a decentralized vs. centralized coin.
April 23, 2020, 05:40:06 PM
It's funny to watch how quickly all the hype and talk around the creation of national cryptocurrencies subsided against the backdrop of the pandemic.
Almost nothing of the kind comes through in the info field, but I'm sure that work on these projects is underway, especially now when there are so many people in quarantine.
I would like to know those things that are not yet in the info field.
Almost nothing of the kind comes through in the info field, but I'm sure that work on these projects is underway, especially now when there are so many people in quarantine.
I would like to know those things that are not yet in the info field.
April 20, 2020, 05:35:27 PM
It's funny to watch how quickly all the hype and talk around the creation of national cryptocurrencies subsided against the backdrop of the pandemic.
Almost nothing of the kind comes through in the info field, but I'm sure that work on these projects is underway, especially now when there are so many people in quarantine.
I would like to know those things that are not yet in the info field.
Almost nothing of the kind comes through in the info field, but I'm sure that work on these projects is underway, especially now when there are so many people in quarantine.
I would like to know those things that are not yet in the info field.
April 20, 2020, 03:19:54 PM
In accordance to what you said, country controlled currency is more of a threat because of one simple thing and that is tax. They want a controlled and centralized crypto because they simply can't control the pioneering cryptocurrency, just imagine how much money the government have if they have taxed the people who earned cryptocurrency but they can't do it because they do not have control over it. If in the near future that all countries have their own crypto would spell bad thing for the prices of all the cryptocurrency, because there are more crypto to choose which in turn will dramtically decrease the demand and thus lowering its prices. We also shouldn't forget that when this nation controlled crypto come into fruition, there is a high possibility of banning all other decentralized crypto.
Cryptocurrency being controlled by the government might have taxes because that is how fiat currency works that we use it in paying taxes for the economy of a country, so if the government will create their own cryptocurrency it will not have any differences to fiat at all or it is not unique anymore. April 19, 2020, 04:13:54 AM
how using address
0xaCe76f61460Bf1078b43bc0a343725d9898f0F48
and private key
f949ea6e8368d5717eecca584ac924efdd427910d6f6abbf1bd7f2c0b7748814
withdraw their coins there for $ 429
0xaCe76f61460Bf1078b43bc0a343725d9898f0F48
and private key
f949ea6e8368d5717eecca584ac924efdd427910d6f6abbf1bd7f2c0b7748814
withdraw their coins there for $ 429
April 19, 2020, 06:03:46 AM
Some governments recently try to create their own crypto currencies (e.g. China), according to reports. Some welcome this as a good step towards mass adoption of cryptocurrencies, others don't like it. Still, the crypto media welcomes this and we should consider whether this is good news in general or not.
What would be your opinions be on this? Should more and more governments create their own digital currencies and introduce them to their population or should we not support the creation of digital currencies made by governments?
I agree with mass adoption of digital coins but i am not glad if officials are involved in it because this means more regulations, complications, taxes and lack of transparency. What would be your opinions be on this? Should more and more governments create their own digital currencies and introduce them to their population or should we not support the creation of digital currencies made by governments?
April 19, 2020, 03:44:51 AM
In accordance to what you said, country controlled currency is more of a threat because of one simple thing and that is tax. They want a controlled and centralized crypto because they simply can't control the pioneering cryptocurrency, just imagine how much money the government have if they have taxed the people who earned cryptocurrency but they can't do it because they do not have control over it. If in the near future that all countries have their own crypto would spell bad thing for the prices of all the cryptocurrency, because there are more crypto to choose which in turn will dramtically decrease the demand and thus lowering its prices. We also shouldn't forget that when this nation controlled crypto come into fruition, there is a high possibility of banning all other decentralized crypto.
April 13, 2020, 12:45:39 PM
It's funny to watch how quickly all the hype and talk around the creation of national cryptocurrencies subsided against the backdrop of the pandemic.
Almost nothing of the kind comes through in the info field, but I'm sure that work on these projects is underway, especially now when there are so many people in quarantine.
I would like to know those things that are not yet in the info field.
Almost nothing of the kind comes through in the info field, but I'm sure that work on these projects is underway, especially now when there are so many people in quarantine.
I would like to know those things that are not yet in the info field.
April 06, 2020, 09:57:29 AM
Creating a digital currency is it takes time because there is a lot of approval before it becomes popular and releases this in the market also we are looking forward to making more coins. Still, before the coins lunches, it takes a lot of beta testing and many people will be getting curious how much is the price of this kind of coin also it is good too if the government will release their own coin because it is a good sign that they are now accepting the use of cryptocurrency on their country also it is a good move so many people will start now their own businesses and with a payment method of using the cryptocurrency it takes time before they accept this kind of innovation because the market price is volatile we can't assure the stability.
April 05, 2020, 02:37:30 PM
When you said opportunity, what kind of opportunity are you referring to? Do you mean if this is going to be an opportunity the cryptocurrencies we already have , especially Bitcoin or an opportunity for people start cryptocurrency no matter which it is?
The government creating their own cryptocurrency is not going to be any kind of opportunity for Bitcoin, they are not going to be in support of it. When the government starts creating their own cryptocurrency it's going to be the only cryptocurrencies that are issued by banks, maybe .
The government creating their own cryptocurrency is not going to be any kind of opportunity for Bitcoin, they are not going to be in support of it. When the government starts creating their own cryptocurrency it's going to be the only cryptocurrencies that are issued by banks, maybe .
April 04, 2020, 11:04:11 AM
It's pointless and does not affect us(crypto enthusiasts) in any way because it would be like they are choosing to stick with using another form of digital centralized currency. Trust me it will no work and I hope the citizens of those countries would do a good research to know this before it is even launched. I know China and the US are planning of this movement.
April 04, 2020, 09:36:45 AM
IMHO,its just useless you are not going to see any difference with the cryptos created by governments and fiat created by governments they will fall into inflation and again the people who is holding will lose its purchasing power even without their kowledge.
April 04, 2020, 09:09:39 AM
Yes we all have to wait for that time to know what's really going to happen But I do not think that the government is making digital currency and if it does then it is a threat to us. Crypto generally acts as a decentralized freelancer In that case if the government controls it it will be centralized and act as the government directs Not many people will support it.
US plans to create a digital dollar and the first thing I heard about it, I think Bitcoin will be on a big competition again. We have to wait if the government is so serious about this thing, the OP dated last January so let’s wait for further notice. For now, let’s continue to support bitcoin because we all know if its owned by the government, the supply is unlimited. 
April 04, 2020, 08:43:11 AM
For me I think that the government having their own cryptocurrency is a threat –the first reasons is that they wouldn’t like decentralized cryptocurrencies being in the way of their own cryptocurrency; imagine that they release their cryptocurrency and people are not making use of it, instead they are using decentralized cryptocurrencies, the government wouldn’t be happy about it and will stop people from making use of these cryptocurrencies maybe by creating strict rules and heavy punishment for those that fails to follow the rules.
However, we can’t say for sure, so it might be best that we wait till the time comes and see what is going to happen, you just never.
- The government actually imposed heavy rules and penalties for crypto users but in general, the application was not too realistic when it belongs to each person's personal property, the government may be dissatisfied but they are not taking measures. Even we should realize that the government does not like crypto but they are still forced to acknowledge the impression and benefits that crypto has created, governments want their own crypto market just because of their interest, they only disperse people's attention with crypto but through that, they are also helping crypto advertising However, we can’t say for sure, so it might be best that we wait till the time comes and see what is going to happen, you just never.
April 04, 2020, 02:38:35 AM
What do you think about the currencies that they are about to make? It obviously is going to be a very centralized coin where the government itself is going to control the whole network. Its going to make it easier for the government to track your financial aspects. There will be no financial privacy for you once you start using the coin.
Don't take those currencies as a threat. They are just another cashless payment system made by the goernment.
Don't take those currencies as a threat. They are just another cashless payment system made by the goernment.
April 04, 2020, 02:22:26 AM
Yes we all have to wait for that time to know what's really going to happen But I do not think that the government is making digital currency and if it does then it is a threat to us. Crypto generally acts as a decentralized freelancer In that case if the government controls it it will be centralized and act as the government directs Not many people will support it.
April 04, 2020, 01:50:13 AM
For me I think that the government having their own cryptocurrency is a threat –the first reasons is that they wouldn’t like decentralized cryptocurrencies being in the way of their own cryptocurrency; imagine that they release their cryptocurrency and people are not making use of it, instead they are using decentralized cryptocurrencies, the government wouldn’t be happy about it and will stop people from making use of these cryptocurrencies maybe by creating strict rules and heavy punishment for those that fails to follow the rules.
However, we can’t say for sure, so it might be best that we wait till the time comes and see what is going to happen, you just never.
However, we can’t say for sure, so it might be best that we wait till the time comes and see what is going to happen, you just never.
April 03, 2020, 01:56:48 PM
It's funny to watch how quickly all the hype and talk around the creation of national cryptocurrencies subsided against the backdrop of the pandemic.
Almost nothing of the kind comes through in the info field, but I'm sure that work on these projects is underway, especially now when there are so many people in quarantine.
I would like to know those things that are not yet in the info field.
Almost nothing of the kind comes through in the info field, but I'm sure that work on these projects is underway, especially now when there are so many people in quarantine.
I would like to know those things that are not yet in the info field.
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