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Topic: Isn't it funny that countries are testing their own crypto? - page 3. (Read 316 times)

newbie
Activity: 56
Merit: 0
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

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
newbie
Activity: 211
Merit: 0
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.
legendary
Activity: 966
Merit: 1006
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



member
Activity: 322
Merit: 12
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.
hero member
Activity: 994
Merit: 544
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.
newbie
Activity: 56
Merit: 0
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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