Topic: Turkey working on their own digital by end of 2020 - page 2. (Read 704 times)
Truly the Chinese are a very powerful set of people and even though they have been against Cryptocurrencies for years, it was discovered that the Chinese are one of the driving forces of Cryptocurrencies, so now that they have officially madre their interest in Cryptocurrencies and blockchain known, other countries are rushing and falling all over themselves to pick up the trend before it becomes too late, I am still waiting to see what the US would do, continue to pretend as if blockchain doesn't matter or take an official stand for or against it.
Who cares if it's crypto when it's centralized, controlled and under the eyes of the government. They would never put a cap on fiat, they can change the rules, they can now just more easily spy on transactions if they produce the wallets. It's a shit scenario. Fuck state owned crypto.
This makes sense buddy, these very centralized cryptocurrency systems are defeating the original aim for enacting crypto (Bitcoin as the pace setter). Well, since they will be acceptable by their jurisdictions, it creates more awareness and adoption for crypto, not necessarily posing a threat to Bitcoin.
I knew that the Chinese Cryptocurrency project would be a wake-up call for numerous countries to jump on the bandwagon, even those that has the capability and those that do not, it would be interesting to see how this all ends up, which country would come out at the top smelling like roses and which country's Cryptocurrency project would go down in a blaze of glory,, the Cryptocurrency space is maturing and this is one of the first steps, we are gradually inching towards worldwide adoption and it's amazing to be here to watch it happen.
im really not surprised.. eventually every country will have its own stable coin
the race has begun a lot of time ago, the real winners will be the early adopters of blockchain technology
(its us)
If all the countries are trying to come up with their version of stable coin how transparent that can be and what they will be backing to make it stable, all the markets move on a daily basis including gold and how you consider those assets stable even if they are backed by those and how things will go in the future is a puzzle for me. Sure all the countries will come up with their version of digital coin but how they will battle each other is to be seen. the race has begun a lot of time ago, the real winners will be the early adopters of blockchain technology
(its us)
It's not a surprise for me if every country creates its own digital currency after the Chinese government statement, all of them have a single purpose which is to have full control over this modern system using blockchain technology. I'm not totally against it because somehow I think their action will make a good impact on mass adoption for cryptocurrency since they will have to enlighten their citizens on how to use digital currency.
After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?
Since bitcoin has become so terrifying to them, these are just methods being derived by these countries to flood the market with centralized currency and the reason why they are quickly doing that is because of the people that are yet to know about bitcoin in their own country which I know it is still quite much, so they want to quickly introduce the coin to them, but I believe they will fail in this their centralized projects.Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?
This is not the first time we are seeing all these centralized projects, many of them has been released as we can see that we have close to 3000 projects in the market which most of them have even promised to do better than bitcoin, but even with all their promises, there is still nothing to write home about as many people would still prefer to use bitcoin.
After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?
Will see it if ever it successfully launch in 2020. This will be a great news because the countries gradually embracing the beauty of digital currency. Turkey is a large country and I am sure if it will enter this industry, then it will be benificial for cryptocurrency users and traders. Regardless with the competition in libra and bitcoin, I think soon the development from digital currency will arise. Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?
if some countries make their crypto, of course other countries will also follow it because surely they won't want to miss this advanced technology, I'm sure in the future other countries will make their crypto
China and Russia governments have announced their opinion for the currency backed digital crypto-asset but these rumours were not able to pass the rumours level, unfortunately. Maybe the new advanced technology of the developing countries will change the opinion of developed countries regarding the crypto-blockchain ecosystem and I am glad to see real work by Turkey.Almost all governments probably have some working group examining how blockchain and concurrently a digital currency can benefit their economies. In the examples of these types of countries using blockchain first, helps ultimately reduce corruption and in some circumstances, greatly enhances surveillance of their peoples. Regardless, as foretold several years ago by many in these forums, blockchain technology is revolutionary and will be adopted by the world. Crypto and digitial currencies are just one use-case.
In the case for China, China is creating a crypto for more power, influence and control. Concurrently, China is evolving at a very rapid tech-pace, in many regards passing the U.S., but using their advancements to further hold onto their power, out of fear from outside influence and more recently, issues like HK.
The social credits system, a digital currency that will most definitely be tracked and etc. While what has been stated by China is great, the intent and purpose... use of blockchain/crypto is fundamentally and ideologically incompatible for what crypto inherently stands for.
Turkey following tunisia that will starting developt their own digital currency.more countries developt their digital currency it will give positive impact to crypto market,many investors thinking new era of currency usage will change soon.adoption in many countries should start after they issue their own currency.everything was changed now,and goverment must follow this changed,so their country will be more competitive in internasional trade and rellation.
Yes, that is right,
Such countries, such as Venezuela, Turkey, etc., are showing more interest in the cryptocurrency as inflation is very high.
Therefore, these economically weak countries are trying to improve their economies by using blockchain technology.
Perhaps it will not be the ultimate solution, but it is worth trying.
Such countries, such as Venezuela, Turkey, etc., are showing more interest in the cryptocurrency as inflation is very high.
Therefore, these economically weak countries are trying to improve their economies by using blockchain technology.
Perhaps it will not be the ultimate solution, but it is worth trying.
I do not understand what is happening. How they can say about these digital currencies that they are cryptocurrencies? Are they decentralized? Could be mined by everyone? Everyone has same rights in the ecosystem?
They already have digital money in their bank accounts, you can send them electronically? So what they are really creating?
They already have digital money in their bank accounts, you can send them electronically? So what they are really creating?
After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?
These might be called cryptocurrencies, but they won't be real cryptos. Countries won't launch coins that they cannot control. We have already seen many times what cryptos launched by governments and major companies look like. Venezuela's Petro is one example. Facebook's Libra (while not launched yet) is another. China would rather shoot itself in the foot than release a real crypto, otherwise they would have just accepted BTC. These will be centralized coins controlled by governments and companies, nothing more.
if some countries make their crypto, of course other countries will also follow it because surely they won't want to miss this advanced technology, I'm sure in the future other countries will make their crypto
Why suddenly some countries working on having their own crypto, is this the best way of adoption? Why can't they work some good coin already existing in the market to give more strength to such project, I already read about China now I read about Turkey I wonder which country will be next in line. I hope this will bring positive things to crypto.
Though any sovereign country cryptocurrency will be centrally managed, it's still a good news for the entire cryptocurrency industry. Countries should continue to make their centralized cryptocurrency and we also will continue to work on decentralized ones and at the end, blockchain technology will be the winners.
Remember the race to south pole ? Now its a race to create its own currency for every country that gets involved into blockchain projects in order to try to be above Bitcoin , which will never happen even if its about USA , China , Turkey or Russia. However , the positive idea is that more countries are seeing blockchain as something they must develop in order to prepare their citizen to adopt cryptocurrencies ( even if in Turkey we know that there are a lot of cryptos supporters ) so I would expect more countries to join in this race in the next months/years.
After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?
Since bitcoin has become so terrifying to them, these are just methods being derived by these countries to flood the market with centralized currency and the reason why they are quickly doing that is because of the people that are yet to know about bitcoin in their own country which I know it is still quite much, so they want to quickly introduce the coin to them, but I believe they will fail in this their centralized projects.Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?
This is not the first time we are seeing all these centralized projects, many of them has been released as we can see that we have close to 3000 projects in the market which most of them have even promised to do better than bitcoin, but even with all their promises, there is still nothing to write home about as many people would still prefer to use bitcoin.
Just like it is believed that blockchain technology is the future of the world, every countries that doesn't want to keep dwelling in the past will sure embrace cryptocurrency in order not to be behind when the blockchain revolution truly arrives.
I think the reason why countries are now creating their own crypto is they the opportunity that they need to change their life in terms of investment and daily transactions that be more easy. And the there is also a good benefits to the netizens and users if their country launched their own crypto and one of those benefits is legalization and wide acceptance.
After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?
Will see it if ever it successfully launch in 2020. This will be a great news because the countries gradually embracing the beauty of digital currency. Turkey is a large country and I am sure if it will enter this industry, then it will be benificial for cryptocurrency users and traders. Regardless with the competition in libra and bitcoin, I think soon the development from digital currency will arise. Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?
After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?
Right, it is a new trend right now, i think in near future most of the countries will launch their own cryptocurrencies, but what it changes?! Currency which is totally centralized and regulated.. Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?
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