Isn't it funny that countries are testing their own crypto? - page 3.

Flight-87

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Quote from: piloder on April 06, 2018, 03:55:48 AM

One of the recent jackass news is coming out of India where RBI have announced none of the bank will support bitcoin or related businesses but at the same time they are experimenting with their own crypto. Grin

Hahaa.. That's a pure example of hypocrisy Tongue

Quote from: piloder on April 06, 2018, 03:55:48 AM

They are trying to fool their citizens with their centralized token based on blockchain or something like that and they think if they will block people from trading crypto than people will be forced to only use those fuc*** government backed tokens as future money. LOL

Though it's good if those coins are tradable with Bitcoin or alts Grin

liamnorthcoins

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Quote from: Flight-87 on April 06, 2018, 03:41:05 AM

Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.

Heheheh yes it might be funny for some but this action i believe is also very helpful to test the capability of a new cryptocurrency. Like any other investments there are risks that pertains so the best thing to do is to double check the pros and cons so totally i would say that if other countries are testing their own crypto it just means they are just securing their investments and that is a wise thing to do.

piloder

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One of the recent jackass news is coming out of India where RBI have announced none of the bank will support bitcoin or related businesses but at the same time they are experimenting with their own crypto. Grin

They are trying to fool their citizens with their centralized token based on blockchain or something like that and they think if they will block people from trading crypto than people will be forced to only use those fuc*** government backed tokens as future money. LOL

SuperD007

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Activity: 322

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Treat People How You Would Like To Be Treated.

I think many countries understand that it is inevitable. The only way they might be able to maintain some control is if they adapt and introduce their own crypto's as well. Off course government backed crypto's will be fully centralized, monitored and taxed.

Xester

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Quote from: Flight-87 on April 06, 2018, 03:41:05 AM

Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.

Countries are trying to make their own cryptocurrency, a currency which is centralized but at the same time transparent. While others are trying to save themselves from monetary deflation and they thought that it is one way to do that. Others such as Venezuela it is one way of getting away from the US dollars. There are many reasons but one thing is for sure it is controlled by the government at the same time it is transparent.

Flight-87

newbie

Activity: 56

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Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.

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