Topic: Turkey working on their own digital by end of 2020 - page 3. (Read 704 times)
cryptocurrency with blockhain technology has attracted many countries to create their own cryptocurrency. and after China now Turkey will also make its own crypto. I'm not too surprised because we know that 20% of cryptocurrency users are Turkish citizens. so do not be surprised if at this time they will make their own crypto. with more and more countries making their own crypto I think it will make the cryptocurrency market more crowded. but I'm sure those stable coins won't be able to beat bitcoin. bitcoin will remain the king of cryptocurrency.
I am sure other countries will soon follow when China and Turkey succeed in implementing the blockchain in their countries.
There are definitely crypto lovers who disagree with this because what the country is making is a centralized currency digitalization. But I am neutral, as long as it is beneficial for the country and makes it easier for the people, I cannot say bad words. At least, later, many ordinary people will be aware of the existence of crypto beside their country's coin. And it is hoped they will buy other assets such as bitcoin and altcoin.
It seems government are now seeing the capabilities of Blockchain technology, this could now be now the beginning of digitalization of currency. They create their own cryptocurrency probably because they want to replace or simply dethrone the leading decentralized currency which is Bitcoin. They want to create a cryptocurrency for their people that can be regulated unlike Bitcoin.There are definitely crypto lovers who disagree with this because what the country is making is a centralized currency digitalization. But I am neutral, as long as it is beneficial for the country and makes it easier for the people, I cannot say bad words. At least, later, many ordinary people will be aware of the existence of crypto beside their country's coin. And it is hoped they will buy other assets such as bitcoin and altcoin.
In addition, a country's crypto is certainly a stable coin rather than a volatile commodity such as bitcoin. So for the people who like to trade, bitcoin is more profitable than the crypto of a country. Because at Stablecoin there is no significant price that can give market excitement because of profit.
Same as china, well what can i say than this is a good news, its finally coming to reality and i feel good about the future of crypto and blockchain especially 2020 bitcoin halving
It is not good news.... everything countries end up launching is solely meant to further enslave the people using it because governments have more control over their financial system than ever before.Currently they control the financial system through regulations where financial institutions have to comply with every single law, but this burdensome form of control has many weaknesses that are being exploited left and right.
By having full control over the network directly, they can force through changes effective immediately, either for or against you (mostly against you). It feels good to have Bitcoin as alternative.... it's an escape from this tyranny.
If Turkey is coming out to do this, I believe more countries will start considering to do launch theirs too. China opened the floor for others to follow to do the same. A time is coming the cryptocurrency that many thought might not last long, will turn to what people are running after.
Countries nowadays are building their own digital currency; but what does this mean actually? I see it from two perspective, first it shows that blockchain really opened the eyes of the world to more possibilities. Secondly, I see this as a means to more centralization, because these countries will try their best to ensure they monitor their citizens. However, with Bitcoin and other privacy coins, users will still be able to maintain a degree of privacy.
I think majority of countries will have came up with their national crypto or some will merge their crypto on the basis of region, i would also be excited to hear about new king of legal and regulated exchanges where we can exchange all these national or regional cryptos from and to each other.
I don't understand what you mean by new king of legal and regulated exchanges but both the countries which name were mentioned will definitely have their national crypto available on exchange which KYC and AML features.
I think majority of countries will have came up with their national crypto or some will merge their crypto on the basis of region, i would also be excited to hear about new king of legal and regulated exchanges where we can exchange all these national or regional cryptos from and to each other.
Same as china, well what can i say than this is a good news, its finally coming to reality and i feel good about the future of crypto and blockchain especially 2020 bitcoin halving
I am sure other countries will soon follow when China and Turkey succeed in implementing the blockchain in their countries.
There are definitely crypto lovers who disagree with this because what the country is making is a centralized currency digitalization. But I am neutral, as long as it is beneficial for the country and makes it easier for the people, I cannot say bad words. At least, later, many ordinary people will be aware of the existence of crypto beside their country's coin. And it is hoped they will buy other assets such as bitcoin and altcoin.
It seems government are now seeing the capabilities of Blockchain technology, this could now be now the beginning of digitalization of currency. They create their own cryptocurrency probably because they want to replace or simply dethrone the leading decentralized currency which is Bitcoin. They want to create a cryptocurrency for their people that can be regulated unlike Bitcoin.There are definitely crypto lovers who disagree with this because what the country is making is a centralized currency digitalization. But I am neutral, as long as it is beneficial for the country and makes it easier for the people, I cannot say bad words. At least, later, many ordinary people will be aware of the existence of crypto beside their country's coin. And it is hoped they will buy other assets such as bitcoin and altcoin.
I am sure other countries will soon follow when China and Turkey succeed in implementing the blockchain in their countries.
There are definitely crypto lovers who disagree with this because what the country is making is a centralized currency digitalization. But I am neutral, as long as it is beneficial for the country and makes it easier for the people, I cannot say bad words. At least, later, many ordinary people will be aware of the existence of crypto beside their country's coin. And it is hoped they will buy other assets such as bitcoin and altcoin.
It seems government are now seeing the capabilities of Blockchain technology, this could now be now the beginning of digitalization of currency. They create their own cryptocurrency probably because they want to replace or simply dethrone the leading decentralized currency which is Bitcoin. They want to create a cryptocurrency for their people that can be regulated unlike Bitcoin. There are definitely crypto lovers who disagree with this because what the country is making is a centralized currency digitalization. But I am neutral, as long as it is beneficial for the country and makes it easier for the people, I cannot say bad words. At least, later, many ordinary people will be aware of the existence of crypto beside their country's coin. And it is hoped they will buy other assets such as bitcoin and altcoin.
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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.
Basically it is a step to turn their fiat into cryptocurrency. Not for the sake of being centralized and some characteristics that privacy coin mostly has. The main advantage they can see is to make their transactions much more efficient in terms of speed and reliability. The government will not and never support their own crypto if they will not have control over it in such a way that they need to regulate it for the sake of their economic stability and improvements.
I don't trust this shit at all.
Mind you, people won't be force to use the national digital coin, for crypto to be mainstream of payments need something like this and if the governments create their own crypto is a plus for the whole community and crypto user.
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.
Aren't the so called big boys in the cryptocurrency space already an exact of what you just described? Ripple (XRP) and EOS are an example of a centralized cryptocurrency yet the community is patronizing them. If this is what we have to sacrifice for the adoption of cryptocurrency globally then I'm ok with government owned cryptocurrency although that doesn't mean I would be patronizing them. The development of this national cryptocurrency will skyrocket the awareness on cryptocurrency and probably enlightening more individual on digital currency.
We needs this government centralized coins so more individual can realize how important bitcoin is since it isn't operated in the manner those centralized coins would be. While bitcoin provides freedom, the government issued coin would just be a replica of fiat (mode of operation) on blockchain probably stablecoins.
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?
Here we go i guess! look for the next 10 years all sorts of countries to follow China in making a reserve currency
the temptation is too great, talk about greed tho, they already, by control of their countries mints, inflated most of their currencies to worthless status
Now they are making up NEW money systems to do it again. Crazy greedy govs are
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?
I never heard if the IMF boss has already advised the country to create their crypto. As far as I know, this to help the country to defend its country from an embargo that has already happened. Turki is also a country which is near from the crisis. 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?
I never think if IMF boss gives advice for a country to create their own crypto because so many bankers are feeling contradicted with it. For me, it can't be a strong reason why more country is interesting to issue its own nation cryptocurrency.
We have so many things to be discussed. May I know where are you getting that rumour if IMF boss is giving it? I meant about advice that already mentioned in your post.
Meanwhile, the huge number of bankers which are against crypto by ignoring it better was the reason why she make that statement then.
Indeed more and more countries are joining the train. Binance has also announced its partnership with Ukrainian government to provide an advisory role in their upcoming finances digitization and crypto regulations. https://cryptopress.news/binance-to-play-advisory-role-in-the-upcoming-ukraine-crypto-regulations/
This is definitely also a big one and I'm sure the binance partnership with the Ukrainian government will yield something good to the crypto space.
Only under pressure of sanctions that countries start to pay attention to digital asset/cryptocurrency. Same thing with China as they also turn 180* about Bitcoin, remove restrictions on it and not so hell-bent on banning it.
I am sure other countries will soon follow when China and Turkey succeed in implementing the blockchain in their countries.
There are definitely crypto lovers who disagree with this because what the country is making is a centralized currency digitalization. But I am neutral, as long as it is beneficial for the country and makes it easier for the people, I cannot say bad words. At least, later, many ordinary people will be aware of the existence of crypto beside their country's coin. And it is hoped they will buy other assets such as bitcoin and altcoin.
There are definitely crypto lovers who disagree with this because what the country is making is a centralized currency digitalization. But I am neutral, as long as it is beneficial for the country and makes it easier for the people, I cannot say bad words. At least, later, many ordinary people will be aware of the existence of crypto beside their country's coin. And it is hoped they will buy other assets such as bitcoin and altcoin.
Well this is a good news however one needs to fully understand the working principles of these countries digital currency so that one won't end up loosing all privacy etc. From another angle, this will give or throw more limelight to the crypto space and when people gets educated and finds out Bitcoin is better it will attract more growth to the crypto space. Furthermore, I think other countries will also be thinking of creating theirs because no one will like to lose out.
Whenever a country says they are adopting blockchain technology or working in it they mean to create their own digital currency in order to stay up to the latest technology and now this news of China embracing blockchain technology has spread like a wildfire and there will be more countries who will follow the same in order stay up to date with modern technology and definitely this will benefit crypto as one the users studies more they will understand the benefit of crypto over centralized digital currency.
The only thing I see good with this news is that it shows that of a truth digital currency or cryptocurrencies are doing a good work or filling a huge void in our everyday lives. Apart from this, one needs to be careful with these government owned coins because it will be highly centralized. Also, with these countries taking this step, will make other countries to follow suit and in all, will show that indeed Bitcoin is the only truly decentralized 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?
This will be good in terms of mass adoption, but on the other hand I am afraid of its bad impact on the decentralized world. If all governments join in this trend and everyone has their own digital money, others will not be given the occasion and will do anything to exploit their digital money. Therefore, what concerns me in this case is the future location of decentralization, and unfortunately, it does not look bright to me at all. 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?
I am still confused that is national currency will be good for the crypto market or bad! When a government creates a digital coin that means that it will be backed by a dollar or they will control it! A government Won't create totally decentralized currency! I am sure that more countries will follow China's movements!
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