Crypto currency made by the government will have price stability, because the government itself regulates it and allows buyers to feel safe, but in my opinion Crypto is not pure cryptography, because Crypto is made without anyone managing it.
It is true that cryptocurrencies have great volatility but how can people say that the currencies printed by governments have any stability when every year there is inflation that is eating away the ability of your currency to buy whatever you want and at the end all the fiat currencies in the history of the world have always returned to their inherent value which is zero, if the government of the country in which you live begins to print their own cryptocurrency do not deal with it or you will regret it in the future. 
Topic: What do you think about crypto currency issued by the government? (Read 3566 times)
April 14, 2019, 03:18:12 PM
Crypto currency made by the government will have price stability, because the government itself regulates it and allows buyers to feel safe, but in my opinion Crypto is not pure cryptography, because Crypto is made without anyone managing it.
April 14, 2019, 01:10:25 PM
It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
How do you think about these crypto?
in today's situation there is no possibility for that to accept the cryptocurrency by the government especially Bitcoin will not been accepted by any type of government in the society so it takes some times to convince the government and the country to accept then only it will be valuable for them. How do you think about these crypto?
April 14, 2019, 12:37:45 PM
If the central bank makes cryptocurrency, would it be operated this way?would it have ICO and bounty? Are they trying to shift totally into crypto? This are my questions. Because that should not actually be a big deal if it will be adding value to the present.of which I think that is going to lay off many human resources called bankers.
April 14, 2019, 12:23:10 PM
I think it violates the most important principles. The government can block your account at any time and you will be left without any savings. I like coins where only I have access to my wallet.
April 14, 2019, 11:11:32 AM
It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
How do you think about these crypto?
How do you think about these crypto?
..i think this is one stratedy of the government to be get involve in crypto..they will make their own coin so that many would patronize it and if many people will invest on it,they will going to centralized all the transactions so that they will going to have the control on it..but I think this is not a simple task to do,,the government will need to have a long range of study in the flow of crypto so that the coin they will create will not become a shit coin..
April 14, 2019, 10:42:43 AM
It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
How do you think about these crypto?
How do you think about these crypto?
I think that couldn't be considered as a decentralized currency because they couldn't control it but they would issue their own digital money just to make things more convenient for them. It would be hard for the government to take control of cryptocurrency so they will just make their own.
April 14, 2019, 07:26:58 AM
It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
How do you think about these crypto?
For me it just sounds like they want to be part of the crypto world since they couldn't control it.How do you think about these crypto?
Most of the crypto is decentralized and they want to create their own crypto so they could benefit from it.
They just want to be in control again since they couldn't do it in Bitcoin or other decentralized crypto.
April 14, 2019, 06:51:07 AM
For now it will not work. Venezuela's Petro is one prime example. Who will be allowed to be a node for this network? How will the government structure rewards for miners or stakers? Just think of Bittorrents and compare them with paid online video streaming service. P2P doesn't work for central authority structures.
Venezuela itself is in bad situation and crypto will not help it. I do not agree with the idea that governments will create p2p coins. The centralized government will create crypto like itself. Persia has also created its own gold backed coin, review it. April 13, 2019, 07:13:33 PM
Cryptocurrency issued by government is as good as fiat currency. The government will probably strip important features of cryptocurrency off such currency.
It's better they stick with fiat than trying to reinvent the wheel.
Yes, the Crypto currency issued by the government will have price stability, because it is very different from the original Crypto which tends to have very fast price movements. It's better they stick with fiat than trying to reinvent the wheel.
April 13, 2019, 06:01:35 PM
Cryptocurrency issued by government is as good as fiat currency. The government will probably strip important features of cryptocurrency off such currency.
It's better they stick with fiat than trying to reinvent the wheel.
It's better they stick with fiat than trying to reinvent the wheel.
April 13, 2019, 03:52:46 AM
they make crypto currencies themselves because they want to have control over their currencies. this is contrary to decentralized crypto currencies. although I think they will have difficulties regarding the anonymity of their users.
Crypto currency created by the government will certainly change the nature and change the system in my opinion and of course the legality we will get in the security investment will be guaranteed but the tax will follow itExactly, it will happened. But i think people will not interest on government's own crypto, Basically people start working on crypto because of bitcoin, and who are using bitcoin they will not like government's currency. Just like me, if bank create its own crypto then i have no interest on it.
There is already price manipulation with current "no-crypto-fiat money", and it happens in a lot of third world countries (very common in some countries of South America, Africa, Asia): they devaluate the currency to bring down the salaries, prices goes up, salaries stay down, and multinational companies (you name it, cloth companies, technology companies, phones, TVs, etc) hire your "now almost slave workforce" for nothing.
Right now it is happening in Argentina, the current "world weakest currency":
https://www.bloomberg.com/news/articles/2019-04-01/argentina-central-bank-to-keep-rates-at-a-minimum-62-5-in-april
So, a centralized goverment issued crypto would be the same, or worst.
April 13, 2019, 03:22:44 AM
For now it will not work. Venezuela's Petro is one prime example. Who will be allowed to be a node for this network? How will the government structure rewards for miners or stakers? Just think of Bittorrents and compare them with paid online video streaming service. P2P doesn't work for central authority structures.
National cryptocurrencies can be issued in the form of tokens that do not require mining and miners. This will be another type of non-cash money in the state. I think that on the whole it would be useful for the development of decentralized cryptocurrency, since people would have a logical interest in the general cryptocurrency, they would better understand its essence and rules of use. In addition, the emergence of a national centralized cryptocurrency would create more confidence in the decentralized cryptocurrency. April 04, 2019, 11:21:15 AM
they make crypto currencies themselves because they want to have control over their currencies. this is contrary to decentralized crypto currencies. although I think they will have difficulties regarding the anonymity of their users.
Crypto currency created by the government will certainly change the nature and change the system in my opinion and of course the legality we will get in the security investment will be guaranteed but the tax will follow itExactly, it will happened. But i think people will not interest on government's own crypto, Basically people start working on crypto because of bitcoin, and who are using bitcoin they will not like government's currency. Just like me, if bank create its own crypto then i have no interest on it.
April 03, 2019, 09:15:04 AM
It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
How do you think about these crypto?
If Your Biggest country take a step to you accept it then the possibility of cryptocurrency entering into the banks will be possible otherwise it can be hold by the bank to accept but in future there will be a heat possibility to collaborate with cryptocurrencies from the bags are available. How do you think about these crypto?
April 03, 2019, 07:45:31 AM
For now it will not work. Venezuela's Petro is one prime example. Who will be allowed to be a node for this network? How will the government structure rewards for miners or stakers? Just think of Bittorrents and compare them with paid online video streaming service. P2P doesn't work for central authority structures.
April 03, 2019, 07:40:33 AM
That would basically defeat the purpose, BTC is supposed to be a decentralized currency, and if government issues it, there will be heavy regulations and it will be centralized, controlled and issued by a central banking authority. Indian govt. was planning to do this with Lakshmi Coin but the buzz just drowned, so I guess it is no more.
I think that is a strategy from the government that tries to make the price of bitcoin fall by giving a statement like that it will make many traders panic, while those who already understand bitcoin should not need to panic so stay calm and enjoy bitcoin price movements and as much as possible to looking for very much profit.
April 03, 2019, 06:30:52 AM
That would basically defeat the purpose, BTC is supposed to be a decentralized currency, and if government issues it, there will be heavy regulations and it will be centralized, controlled and issued by a central banking authority. Indian govt. was planning to do this with Lakshmi Coin but the buzz just drowned, so I guess it is no more.
I think that is a strategy from the government that tries to make the price of bitcoin fall by giving a statement like that it will make many traders panic, while those who already understand bitcoin should not need to panic so stay calm and enjoy bitcoin price movements and as much as possible to looking for very much profit. 
April 03, 2019, 05:59:08 AM
they make crypto currencies themselves because they want to have control over their currencies. this is contrary to decentralized crypto currencies. although I think they will have difficulties regarding the anonymity of their users.
Crypto currency created by the government will certainly change the nature and change the system in my opinion and of course the legality we will get in the security investment will be guaranteed but the tax will follow itExactly, it will happened. But i think people will not interest on government's own crypto, Basically people start working on crypto because of bitcoin, and who are using bitcoin they will not like government's currency. Just like me, if bank create its own crypto then i have no interest on it.
April 03, 2019, 05:35:58 AM
Those are not real crypto-currencies. Those are just digital versions of the fiat currency, similar to Paypal or Skrill. A crypto-currency should be decentralized. It can't be issued by any central bank.
Makes sense to me, but I still think that it's an improvement over what we have now in the world and some sort of contribution to mass adoption of cryptocurrencies. People will still get to know blockchain and learn how to deal with crypto wallets. The main potential difference from fiat could be that national cryptocurrencies can have limited supply and bring the end to serious devaluation of currencies. Also, no fake money and no accidentally destroyed money (paper becomes old and unrelaible with time and it's also naturally not protected from mud, wated, fire etc.). As people learn how to use official cryptocurrencies, it will be easier for them to turn to the ones we are used to as well.I agree. I think governments do that not only to just keep with the times and trend, but it can also be a more secured way to delve into cryptocurrencies because a government, unlike private developers, has more capacity to safeguard the investments of people who use it in their transactions, which most likely, would be picked up by their own citizens. I think, it's just part of the function of the a government to make sure that the money and investments of its citizenry are safe against any forms of scams, which is at the moment, happening in the cryptocurrency market.
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