Iran it's not the first country who introduced its own cryptocurrency. Having in mind previous experiences this is just another crypto that will not affect the crypto world at definetely will not influence on Bitcoin.
Although Iran is controversial country and this might also connected with terrorism financing I don't expect any negative or positive reflection.
This will more or less be used only in promotion purposes.
Topic: IRAN TO LAUNCH ITS OWN CRYPTOCURRENCY, GOOD OR BAD FOR CRYPTO ADOPTION? - page 2. (Read 293 times)
July 30, 2018, 03:38:21 PM
July 30, 2018, 03:36:15 PM
A few months back, we had Venezuela launching its own cryptocurrency- The Petro, now we have some announcement than IRAN will be doing same soon, 'Govcoin' as it will be called is meant to help the Iranian Government boycott international sanctions.It seem other countries with similar restriction will be exploring the blockchain to achieve similar goals.I have my reservations about government-issues cryptos, do you think this is healthy for the cryptocurrency in general?
SOURCE:https://news.bitcoin.com/the-iranian-government-is-preparing-to-launch-its-own-cryptocurrency/
SOURCE:https://news.bitcoin.com/the-iranian-government-is-preparing-to-launch-its-own-cryptocurrency/
Most countries laughing their own crypto currency are doing it for one main reason which is to avoid sanctions from world powers and from my own point of view, its done for the wrong reasons because the same way they are scheming ways to avoid the sanctions, so also is the other governments would be working so hard that all the efforts become futile. Launching a crypto currency should go beyond avoidance but acceptance. They can only control the use of it in their own locality but what then happens to those that want to trade with them? Would they also enforce the rule on them? Unless they want to operate in the black market, I don't see this as a lasting solution to the problem being faced at all.
July 30, 2018, 03:28:45 PM
I also wouldnt be able to state the effect this will have on crypto.
I suppose it wi gjve those people in Iran and Venezuela the chance
to get used to 'digital currency' and the similarities to decentralised
crypto.
Its slowly changing, all that is needed now is for a few more countries
to make the move it more shoukd follow.
I suppose it wi gjve those people in Iran and Venezuela the chance
to get used to 'digital currency' and the similarities to decentralised
crypto.
Its slowly changing, all that is needed now is for a few more countries
to make the move it more shoukd follow.
July 30, 2018, 03:21:49 PM
The effect is not all bad it will surely add value in the launch of a coin for Iran, if Iran is smart in managing cryptocurrency I'm sure there will be a lot of enthusiasm in the community, maybe not concentrated on one coin and will be more than that, everyone wants more valuable coins like Bitcoin , major adoption is likely to happen in the next few months, Venezuela has established itself to be more reorganized and well received by the people, now is the first step of Iran following the development that should occur in the economic development of the country, I hope there are many countries others are thinking about this.
Come do not think too much, everyone expects a good achievement for cryptocurrency.
No effect at all for crypto. Do you realized what's the reason for them to lauch their own crypto? Its because they want to circumvent the possibility that they would be a heavy embargo against them by the West. So in anticipation and to looks like they have to find a way and somewhat legitimize it, they will have to go under crypto and hide it. And what's interesting is the individuals or nations who will buy and support them. YES. it will be the same nations that are anti-West. But for the effect, on crypto market, I don't see anything weird (good or bad) that will happen to us so there's no significant effect whatsoever, imo.
Come do not think too much, everyone expects a good achievement for cryptocurrency.
July 30, 2018, 03:19:54 PM
It's Iran, and the news is meh. I can see why Venezuela would want some sort of cryptocurrency, since what they have now is obviously not cutting it--but the people of that country could have adopted one of the established cryptos, I think. From what I've read, usually when there's hyperinflation the go-to asset is another currency (like the USD) or gold & silver. People need something of value to use, and honestly I'm not sure why something like bitcoin would appeal to them, given how volatile it is.
I don't have any prediction as to how the Iran thing is going to affect crypto. My guess is that it probably won't, but it'll be interesting to see how it all plays out.
I don't have any prediction as to how the Iran thing is going to affect crypto. My guess is that it probably won't, but it'll be interesting to see how it all plays out.
July 30, 2018, 03:14:19 PM
There's a reason things like the dollar, EUR and gold are used in international trade. Enough people no matter where they are can agree that they're worth something.
A 'national crypto' conjured out of thin air is a slightly less enticing proposition to everyone except the sweaty man trying to offload them. I'm really intrigued to see what becomes of them. Very little is my guess.
A 'national crypto' conjured out of thin air is a slightly less enticing proposition to everyone except the sweaty man trying to offload them. I'm really intrigued to see what becomes of them. Very little is my guess.
July 30, 2018, 03:03:59 PM
...cryptocurrency centralized... and perhaps not even using cryptography, just a pure scriptural money with a database server. And on the top of that, I doubt a lot of countries will accept to deal with Iran using this currency. I agree they're just trying to bypass any embargo.
Not much to get excited about other than the the technical side
Not much to get excited about other than the the technical side
July 30, 2018, 01:17:56 PM
A few months back, we had Venezuela launching its own cryptocurrency- The Petro, now we have some announcement than IRAN will be doing same soon, 'Govcoin' as it will be called is meant to help the Iranian Government boycott international sanctions.It seem other countries with similar restriction will be exploring the blockchain to achieve similar goals.I have my reservations about government-issues cryptos, do you think this is healthy for the cryptocurrency in general?
SOURCE:https://news.bitcoin.com/the-iranian-government-is-preparing-to-launch-its-own-cryptocurrency/
SOURCE:https://news.bitcoin.com/the-iranian-government-is-preparing-to-launch-its-own-cryptocurrency/
What impact the creation of this cryptocurrency will have on the market will turn out only after its creation. For now it is too early to judge whether it is good or bad. Will it be possible to avoid sanctions imposed on Iran in this way? We also have to wait for it. If it succeeds, then other countries in a similar situation can go this way and start creating their own cryptocurrencies.
July 30, 2018, 01:09:46 PM
No effect at all for crypto. Do you realized what's the reason for them to lauch their own crypto? Its because they want to circumvent the possibility that they would be a heavy embargo against them by the West. So in anticipation and to looks like they have to find a way and somewhat legitimize it, they will have to go under crypto and hide it. And what's interesting is the individuals or nations who will buy and support them. YES. it will be the same nations that are anti-West. But for the effect, on crypto market, I don't see anything weird (good or bad) that will happen to us so there's no significant effect whatsoever, imo.
July 30, 2018, 11:57:58 AM
a while ago when Venezuela created their very own centralized cryptocurrency i said soon we will see other countries to follow. and now it is happening. although in this case i am interested to know HOW they are going to "boycott international sanctions" though? it is still going to be tough making a trade even if you use another means of "medium of exchange"
how this affects the cryptocurrency adoption depends on the country's approach. based on what i saw from Venezuela they started educating their people about cryptocurrencies and bitcoin so the bitcoin adoption also grew. so i guess we can say countries that take that approach can increase the adoption of cryptocurrencies in general also.
how this affects the cryptocurrency adoption depends on the country's approach. based on what i saw from Venezuela they started educating their people about cryptocurrencies and bitcoin so the bitcoin adoption also grew. so i guess we can say countries that take that approach can increase the adoption of cryptocurrencies in general also.
July 30, 2018, 10:33:32 AM
A few months back, we had Venezuela launching its own cryptocurrency- The Petro, now we have some announcement than IRAN will be doing same soon, 'Govcoin' as it will be called is meant to help the Iranian Government boycott international sanctions.It seem other countries with similar restriction will be exploring the blockchain to achieve similar goals.I have my reservations about government-issues cryptos, do you think this is healthy for the cryptocurrency in general?
SOURCE:https://news.bitcoin.com/the-iranian-government-is-preparing-to-launch-its-own-cryptocurrency/
SOURCE:https://news.bitcoin.com/the-iranian-government-is-preparing-to-launch-its-own-cryptocurrency/
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