But I think it's very unlikely that if the United States offers some help to the upcoming ICO, the ICO will be snapped up and will soon be over.
And that's great news for the cryptocurrency market, but I don't think the U.S. will do that.
Topic: State sponsored Altcoin(s) and ICO(s)? (Read 129 times)
There have been reports periodically of governments and countries being apprehensive of using cryptocurrency. There have also been news of banning ICOs. And with some criminal events associated with bitcoin transaction being surfaced once in a while, many countries and people across the globe are apprehensive of the potential of cryptocurrency. Along with this, the lack of a good opinion and comprehension of the working of blockchain system keeps many states skeptical over the success of cryptocurrency.
In order to change this if the members of the states officially introduce Altcoins / ICOs and enter into mining what will be the impact in the crypto ecosystem is something that would be interesting. This perhaps can also reduce the fear of absolving a particular coin because the state keeps pushing for the survival of their coin. In such circumstances the preference to trade and invest in that coin becomes greater for all citizens of that country and other countries as well especially because of the stability factor.
This would bring us to a situation of 'recognised' coins which can be trusted. This can perhaps bring a newer dimension into the whole ecosystem and perception of cryptocurrency. This will also pave way for people recognizing cryptocurrency as a serious alternative to fiat currencies and crypto use gets more prevalent.
In order to change this if the members of the states officially introduce Altcoins / ICOs and enter into mining what will be the impact in the crypto ecosystem is something that would be interesting. This perhaps can also reduce the fear of absolving a particular coin because the state keeps pushing for the survival of their coin. In such circumstances the preference to trade and invest in that coin becomes greater for all citizens of that country and other countries as well especially because of the stability factor.
This would bring us to a situation of 'recognised' coins which can be trusted. This can perhaps bring a newer dimension into the whole ecosystem and perception of cryptocurrency. This will also pave way for people recognizing cryptocurrency as a serious alternative to fiat currencies and crypto use gets more prevalent.
I'd trust the government to use or integrate blockchain technology into its day-today functions, but fuck no on using any state-sponsored or -created crypto assets. Crypto is getting all the exposure it needs as it is. The last thing we need is the (any) government fucking it up. If they want to tokenize a service or something, maybe, but not an actual cryptocurrency.
So you want to take blockchain which is in nature open, borderless, decentralized, transnational, transparent technology and make it opaque, censored, geopolitical, and so forth? Doesn't seem like it is what I signed up for and I would never invest or get involved with a centralized government coin.
There have been reports periodically of governments and countries being apprehensive of using cryptocurrency. There have also been news of banning ICOs. And with some criminal events associated with bitcoin transaction being surfaced once in a while, many countries and people across the globe are apprehensive of the potential of cryptocurrency. Along with this, the lack of a good opinion and comprehension of the working of blockchain system keeps many states skeptical over the success of cryptocurrency.
In order to change this if the members of the states officially introduce Altcoins / ICOs and enter into mining what will be the impact in the crypto ecosystem is something that would be interesting. This perhaps can also reduce the fear of absolving a particular coin because the state keeps pushing for the survival of their coin. In such circumstances the preference to trade and invest in that coin becomes greater for all citizens of that country and other countries as well especially because of the stability factor.
This would bring us to a situation of 'recognised' coins which can be trusted. This can perhaps bring a newer dimension into the whole ecosystem and perception of cryptocurrency. This will also pave way for people recognizing cryptocurrency as a serious alternative to fiat currencies and crypto use gets more prevalent.
In order to change this if the members of the states officially introduce Altcoins / ICOs and enter into mining what will be the impact in the crypto ecosystem is something that would be interesting. This perhaps can also reduce the fear of absolving a particular coin because the state keeps pushing for the survival of their coin. In such circumstances the preference to trade and invest in that coin becomes greater for all citizens of that country and other countries as well especially because of the stability factor.
This would bring us to a situation of 'recognised' coins which can be trusted. This can perhaps bring a newer dimension into the whole ecosystem and perception of cryptocurrency. This will also pave way for people recognizing cryptocurrency as a serious alternative to fiat currencies and crypto use gets more prevalent.
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