people who ask this particular question always miss the main point of using bitcoin.
you see people are not using bitcoin just because it is a digital currency. they are interested in bitcoin and use it because it is a decentralized currency. of course there are lots of other reasons such as the rising price, the security, fast speed and cheap fees (at least for high value transactions these days), but the main one is being decentralized.
with that said, all these "national coins" are centralized. there is no difference between using them and using a bank. these may become popular but bitcoin will stay strong still.
Topic: Many national central banks plan to launch digital currency. What do you think? - page 2. (Read 431 times)
December 05, 2017, 12:11:23 AM
December 05, 2017, 12:09:15 AM
So far, many states have announced the creation of their own crypto currency, but we do not yet have in practice the results of the operation of such a digital crypto currency. National crypto currency can not be compared with bitcoin, since their functions and tasks will be different. The national crypto currency will be fully centralized and controlled by the state, it will go predominantly inside this state, while the bitlocked decentralized crypto currency, which is not tied to a specific state and is not controlled by any state, its boundaries are not limited.
We can not yet judge the effectiveness of the national crypto currency, since there is no example of such circulation of the national crypto currency. It would be interesting to see how such crypto-currencies will interact with each other.
We can not yet judge the effectiveness of the national crypto currency, since there is no example of such circulation of the national crypto currency. It would be interesting to see how such crypto-currencies will interact with each other.
December 04, 2017, 11:54:23 PM
In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency， Do you think these digital currencies are similar to bitcoins?
But have you seen them being successful though? To my knowledge I haven't seen any crypto backup by the government becoming successful or I might be wrong though. Russia has its own just recently, but the problem is that its heavily tax around 13%. And who would buy that kind of coins if the government will kill them with high taxes?
This message is a good thing for encrypted money, because it shows that many countries are beginning to attach importance to the block chain. But I don't think that the virtual currency made by these countries has a good future, because a very important problem is that these coins are not transparent, but not centralized.
You don't understand. How can this be good if the government back up crypto is regulated or centralized? The reason why they are creating is just to satisfy their population who loves crypto but with high taxes and heavily centralized, much better to buy stocks or mutual funds or bank notes.
December 04, 2017, 11:45:49 PM
I don't approve of such an encrypted currency. These government coins are not really centralization, at least it's not a fair coin in the short term.
December 04, 2017, 11:36:42 PM
Probably what else is at hit and sky trending with the media now none other than bitcoin. Because when probably ask by cryptocurrency they will answer you bitcoin. With the price skyrocketing as much as 11,000 there's no doubt that many more country are here to accept bitcoin as of mode of currency in their country.
December 04, 2017, 10:54:16 PM
This message is a good thing for encrypted money, because it shows that many countries are beginning to attach importance to the block chain. But I don't think that the virtual currency made by these countries has a good future, because a very important problem is that these coins are not transparent, but not centralized.
December 04, 2017, 10:45:30 PM
In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency， Do you think these digital currencies are similar to bitcoins?
I think this is something that was expected of banks as they knew that with cryptocurrency on the rise and bitcoin in ascenant it would just be a few more time needed to have them being obsolete as a result they are launching their own cryptocurrency
December 04, 2017, 10:42:37 PM
I do not think so, Bitcoin is standard out from whatever circumstances, I see great things happening in 2018
December 04, 2017, 10:41:39 PM
In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency， Do you think these digital currencies are similar to bitcoins?
Finally, the world is going to evolve into a cashless society. Not so long from now, we will be able to buy things without FIAT.
December 04, 2017, 10:38:31 PM
In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency， Do you think these digital currencies are similar to bitcoins?
Nice. They are now practicing the world for cryptocurrencies, we will be even richer now. Perhaps, we should support them also.
December 04, 2017, 10:37:51 PM
which is a good thing but I think countries will have to really think about if it would be better for everyone in the country. I think the banks and centralized systems would be scared of losing their jobs. For the people, yes, it would be better but there is always the threat of hacking. The currency would have to be trackable which would lose the allure for most people. Then you have the credit card operators and bank transfer companies which have huge power. Crypocurrency would put them out of business. As a society, digital currency would be good. Regulations and rules however, would prevent it from being executed properly. If it is not executed properly then everyone would run to get cash, gold or something else that has value.
It will take time before the world is ready for cryptocurrency.
It will take time before the world is ready for cryptocurrency.
December 04, 2017, 10:35:04 PM
In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency， Do you think these digital currencies are similar to bitcoins?
Well, they are trying to get along with cryptocurrencies now, because if they don't they will be left out of the future awaiting for it.
December 04, 2017, 10:32:32 PM
The popularity of bitcoin has been soaring at an incredible speed. The main reason is that it is controlled by any organizational structure. It is a decentralized currency, which can break the barriers of the state and make transactions from all over the world simple and feasible～ 
December 04, 2017, 10:29:28 PM
In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency， Do you think these digital currencies are similar to bitcoins?
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