Topic: national cryptocurrency: how far are we from seeing a country mainly rely on one (Read 286 times)
August 16, 2018, 05:20:20 PM
I think some of the countries that has mass adaptation may consider cryptocurrency to become a national currency since these countries are seeing great advantage when this will be implemented. However this may take time for deliberation and discussion by the government considering to such proposal.
August 02, 2018, 06:40:35 AM
I don't think we will see a national cryptocurrency. Government money works on fractional lending and endless amounts of debt. With cryptocurrency you can't loan money you dont have. Fiat is the only way these governments can print and loan endless amounts of money.
July 31, 2018, 10:45:08 PM
"national cryptocurrency"
These two words coming together sound like an oxymoron. The word "national" here is ironic because it contradicts the main idea behind any cryptocurrency, i.e. decentralization. Aren't I right?
"Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems."
(Wikipedia)
These two words coming together sound like an oxymoron. The word "national" here is ironic because it contradicts the main idea behind any cryptocurrency, i.e. decentralization. Aren't I right?
"Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems."
(Wikipedia)
July 31, 2018, 02:30:49 PM
I think it depends on the development stage of the country. A developed country with a higher rate of literacy and understanding of Fintech will likely implement a cryptocurrency into their main currency system that a less developed country.
July 31, 2018, 11:53:41 AM
how long before a country will implemet a national cryptocurrency that will be main currency?
Right now the overall cryptocurrency market is not having strong support from the majority of countries in the whole world and i think there will be some meetup or summit where major countries would plan to regulate the cryptocurerncy with some strict universal or atleast national rules and regulations by which they can atleast control the cryptocurerncy to a certain level and i believe that it will happen soon.
July 31, 2018, 11:11:32 AM
Some countries are already considering it because hyperinflation is killing them. How long can you act like it's all fine and reset the currency by changing its name or cut a couple zeros. Last year your loaf of bread costed 1000, now it will cost you 10, because that's how we roll, and in 2 years it will al be back to 1000 again 
People are already preferring to trade phone cards instead of their national currencies, it won't take long before they learn how to use BTC.
People are already preferring to trade phone cards instead of their national currencies, it won't take long before they learn how to use BTC.
lol. that is an accurate statement. I'm seeing a lot of movement from many countries whose economy is ready to jump off the cliff. It won't be too long before we start seeing a ripple effect and everyone starts choosing crypto
July 31, 2018, 10:49:15 AM
venezuella unleashed one, and also, iran is doing, so there are already existing
I was about to say that. However, are they really making government backup coins to circumvent trade sanctions against them by the West lead by the US? Or they are really doing it to save their country? There's a lot of questions as it is pegged on oil and gas if I'm not mistaken, so those states can clearly manipulate it in their favor that could really damage cryptocurrencies reputation.
July 31, 2018, 10:15:49 AM
venezuella unleashed one, and also, iran is doing, so there are already existing
July 31, 2018, 09:07:23 AM
Some countries are making some real good progress but it's yet early to say that'll happen to soon it can be only be possible whose currency is devaluating and badly needs another currency and one that can be globally accepted. Another problem many countries are not accepting so one country can't fully rely on bitcoins but in coming months we could see that change.
July 31, 2018, 09:00:18 AM
how long before a country will implemet a national cryptocurrency that will be main currency?
I think it should take 5-7 years after the legalization of the cryptocurrency at the government level.But national cryptocurrency will be in circulation on the rise with the usual currency.
July 31, 2018, 07:01:08 AM
how long before a country will implemet a national cryptocurrency that will be main currency?
Such government will still try to study and understand what is all about crypto. They are going to make it better first before implementing anything. We should try and wait if they are going to use cryptos in the future.
July 31, 2018, 05:11:09 AM
As far I understand government try to make a policy that why crypto and regular currency both are the medium of transaction. It will take time but I belive after some years crypto will accept all over the world
July 31, 2018, 04:48:17 AM
From my point of view these days are not far away. The government of every country try to understand the crypto market and its policy. They want to balance it for the regular currency. Untill they can’t made proper rule the crypto will not accept. I think all are concern about this. Hopefully they will approve it soon.
July 30, 2018, 04:59:14 PM
how long before a country will implemet a national cryptocurrency that will be main currency?
Its avery long process before a country will implement a national currency,because its pass a strong debate,legalization,acceptance from the world government,many positve outcomes to be presented before its will become regulated,therefore in other words its so far and hard to pass to become a national currency because you will need a global permision and i thinks this will pass through like a hole of a needle. July 30, 2018, 03:05:37 PM
I don't believe national cryptocurrencies can make it. Because it is opposite of cryptocurrencies idea with centralized shape. We will see soon with Petro. I can't believe it will be succeed.
July 30, 2018, 02:12:25 PM
It has been a suggestion for many countries but have not seen any materialized. I believe they will all be subject to bitcoin, they cant solely survive in the space even as a national currency.
July 30, 2018, 12:52:06 PM
I think if the government gives attention to native crypto, the economy of the country will be a big change. Crypto is now the most profitable and potential business field. Which would be better in the future.
July 30, 2018, 12:29:39 PM
Crypto has a clear idea about it. I do local cryptos better than before. If the government gives attention. We have to wait more. I think its future is very promising.
July 30, 2018, 12:24:34 PM
Day by day cryptocurrency becomes popular and sustainable. And it’s improving gradually. I hope in future it will be main currency of many country but it take long time.
July 27, 2018, 03:22:31 PM
At the moment the first country to create its own national cryptocurrency is Venezuela.
And I heard yesterday that they have the intention to bind it to Venezuela's national currency - Bolivar.
So, sounds very serious. I have no doubt that they will do it soon. Because the president of this country is extremely enthusiastic about the idea of national cryptocurrency because he considers it might help its country's economy growth.
And I heard yesterday that they have the intention to bind it to Venezuela's national currency - Bolivar.
So, sounds very serious. I have no doubt that they will do it soon. Because the president of this country is extremely enthusiastic about the idea of national cryptocurrency because he considers it might help its country's economy growth.
They should bind it with some magic spell, something that probably only Morgoth is able to cast
The Bolivar is in a free fall any cryptocurrency that is tied to that would have to add a digit everyday.
The way things go you will even need an additional HDD just to store the zeros for your coins.
Maduro is insane/mad/stupid, pick any and add two hundred more, his solution for hunger was to tell people to grow rabbits in their apartments, solution for energy shortage? stop using hair dryers.
Help the economic growth? You mean stop the shrinking !!!!
No centralized coin will save it, not even a decentralized one, the problems there are so deep you might just start everything once more from the stone age.
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