In my opinion cryptocurrency should never be centralised.
Topic: What do you think about crypto currency issued by the government? - page 14. (Read 3625 times)
November 03, 2018, 11:47:32 AM
November 03, 2018, 11:41:41 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?
By and large, government cryptocurrencies are nothing more than fiat currencies in digital form. This is not about decentralization. These are the usual currencies in another form. Therefore, I would not dare to talk about government cryptocurrencies in the context of the cryptocurrency market.
November 03, 2018, 10:35:03 AM
That is not a decentralized Cryptocurrency, that is probably a digital currency because the real Cryptocurrency is decentralized and not controlled by any financial services authority. Digital currency that created by Japan probably will be becoming the opposite of crypto as all will definitely controlled by the government. Honestly, I wish to see it if it is a serious plan or just an issue.
November 03, 2018, 10:28:09 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 governments and banks release Altcoin, it will make Cryptocurrency more developed and widely known. But I believe Altcoin is going to be like usdt always have a level of stability and less volatility. So it's not like an Altcoin should invest.How do you think about these crypto?
November 03, 2018, 09:51:53 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 governments and banks release Altcoin, it will make Cryptocurrency more developed and widely known. But I believe Altcoin is going to be like usdt always have a level of stability and less volatility. So it's not like an Altcoin should invest. How do you think about these crypto?
November 03, 2018, 09:46:00 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 the amount is limited then it is okay, it is meant that the country don't just print it like fiat. The price of that cryptocurrency must be paired with gold only, if it's price is always the same with fiat then that cryptocurrency price will tend to down. How do you think about these crypto?
November 03, 2018, 09:03:51 AM
Hahahahah
crypto currency issued by the government?
It will be the most scamy thing I ever seen - they will mine crypto with their own - u will work for that crypto
) the most scam thing ever
crypto currency issued by the government?
It will be the most scamy thing I ever seen - they will mine crypto with their own - u will work for that crypto
) the most scam thing ever November 03, 2018, 08:20:59 AM
The idea of some governments issuing their own cryptocurrency is a good thing, but the intention behind this launching is what I perceive to be a bad one. They want to get involved and at the same time want to have control over everything. Whatever the outcome of their launching is, I believe people in this space are knowledgeable enough and can differentiate a centralised coin from a decentralized and from there, individuals can make the decision to follow the governmental route or the no man's land route.
November 03, 2018, 07:17:01 AM
It seems to me that the states will necessarily ensure these coins with something and that this will turn out to be a regular steblcoin!
Government-issued cryptocurrency is clearly very controlled to increase the country's revenue and minimize adverse impacts such as money laundering, terrorists and other criminals, and monitoring bitcoin owners so that anonymous factors will disappear. November 01, 2018, 06:39:25 AM
I think about government having their own Cryptocurrency is just like the same with other currency that are being launched because the only difference of having their own currency it would be more popular in their country unlike the currency that are made for everyone.
November 01, 2018, 05:31:54 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?
the government is always opposed to crypto, but I am sure that someday crypto will become the big spell that is accepted in all countries, crypto users will continue to growHow do you think about these crypto?
October 24, 2018, 03:41:21 AM
Well, Ripple is centralized and many people call it a revolutionary cryptocurrency which will be widely used in the future.
To this day I still don't understand how XRP managed to sneak into the cryptocurrency category. It bears no resemblance to any of the factors that I'd consider make a valid coin.
As for a government issued crypto, look to China and its drive towards cashlessness because that's what it would look like. It would award governments total control over their population in a way the current lash up of a system does not. With a few presses of buttons they could bail in, inflate, impose negative interest rates, cut you off from any spending at all, censor who you spend with, analyse every single transaction and plenty else. Without cash and with nowhere else to go other than government controlled wallets and banks you're locked into a system that there's no way out of.
A government crypto would make the current discontent with the state of things look like child's play. It would be one move deeper into an absolute nightmare.
They can always do that but i don't think they are on that trend of thinking, The issue of the government are the issue on Regulation control on crypto currency digital transaction in the market, if the people had a total acceptance on Crypto Currency Digital Transaction globally, the government should address these issue before the Crypto market will go into the mainstream market with out regulation.
October 24, 2018, 03:32:43 AM
It seems to me that the states will necessarily ensure these coins with something and that this will turn out to be a regular steblcoin!
It has its uses. I mean I do not think it could be a total "crypto currency" in the sense we know how it could be. It will be more like government tracking everyone's economics and money and doing whatever they want anyway while still controlling the public in a "big brother" sense however doing all kinds of non crypto currency stuff themselves with dollars and what not so it won't be really that much amazing but it would certainly be amazing to have it as an "option" so people can get more knowledgeable about the crypto world. It is not common for countries to have their own crypto currency so it won't be easy but when it starts to get more common it would definitely help us out a lot for people who uses bitcoin and so forth because it would create an awareness about them as well. Say uk started a new coin called e-sterlin, that would only create more interest towards bitcoin in the end as long as it is not the only currency and still allowed to use fiat otherwise it could be dangerous.
October 24, 2018, 12:53:59 AM
This may be a trend. In the future, more countries will issue their own cryptocurrencies. Perhaps this requires a better technology to achieve, and they may all speed up research and development.
This is not bad if a country launches her own cryptocurrency because it will upgrade the economy to the digital system but again the cryptocurrency launched by the government will b controlled by the government and they will be able to impose the same taxes and charges that you may not need to pay in case of using a decentralized cryptocurrency. Another disadvantage is that that the crypto launched by the government will only be used by the citizen and might not attract foreigners to invest so it will be merely a currency within the geographical boundaries.
October 23, 2018, 05:54:48 AM
The decentralization is gone as soon an authority is controlling the money. Without decentralization, there isn't any fun to use cryptos, or we could call it "high tech money". Only the technology behind would be used and still no full control over your money. In such a case, better to turn for a cashless lifestyle with the scriptural money
That is the thing! The main reason why a lot of us are here today is because of the great potential and freedom we see with decentralization without having to involve a third party in our transactions, that is something that we will most definitely not get to see with anything that comes from the government. We all know the response of the government to things that have to do with decentralization and not having control, so apparently, we cannot expect government to come up with something they cannot control and at the end, I will only see it as a new fiat in the digital form just like we have tether and the likes now.
October 23, 2018, 12:30:01 AM
I think these kinds of crypto currency, the ones that are made by the government, will be alot more stable than the ones we have now because for one thing, this crypto currency will definitely be backed by the country's GDP and maybe precious metals and gems. This in turn will have a more stable price plus the blockchain it will create.
Apparently, why won't it be stable? Have you forgotten that anything that will have to come from the government will be centralized and therefore controlled? It won't be any different from the fiat we have been used to over the years as far as I am concerned. I would not even consider anything that comes from the government as cryptocurrency as it would most definitely not have the decentralized features. The only difference I will only see here is the fact that it at least bring about some transparency when it comes to the system of governance spending somehow.I’m not support in government taking over.
I believe most people here will not support a government based crypto. Because it will kill all the freedom for which we do have these decentralized coins. Bitcoin is having many amazing features only just due to the concept of decentralization. If those things will not available with a coin, why we should adopt them ? October 22, 2018, 05:40:06 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?
I don’t really know how it’s going to be for other countries, but judging from my own country government, if that should happen then we are finished. Doing such means creating a way for them to even make away with people’s money without being traced. I do know that Bitcoin can be traced, but not in a place like my country, they will always make away with their evil acts. So I’m not support in government taking over. How do you think about these crypto?
October 22, 2018, 05:09:21 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?
I think this is hard because they can not do anything in this market. You know, there are a lot of manipulative organizations working anonymously so nobody knows what they are planning to do. The government involved in this market will also be dominated by the rich. How do you think about these crypto?
October 22, 2018, 04:50:53 AM
It seems to me that the states will necessarily ensure these coins with something and that this will turn out to be a regular steblcoin!
October 22, 2018, 04:25:36 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?
I do not find these any further improvement over regular fiat. Regular fiats are not too much "banknotes" anymore anyway, we are here talking about how much money we have and we spend it and so forth all via our debit cards and credit cards and all of our money is tied to a bank account that shows numbers and when we pay it to someone else it changes hands and my numbers go down and wherever I gave my money gets their numbers higher thanks to it.How do you think about these crypto?
All of money changing hand is digitized right now and there are really only a few places we use cash anymore and spending cash got littler and littler with time. So I do not think having a crypto currency issued by a government would really make a huge difference anyway considering we already have a digital currency by the government anyway.
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