participating in the government of course will make the price of the cryptocurrency more stable, because controlling the price recession is the government which is also successful in maintaining the price of the FIAT currency of each country
so I also really hope all countries start adopting cryptocurrency through government agencies
Topic: What do you think about crypto currency issued by the government? - page 15. (Read 3591 times)
October 22, 2018, 03:06:36 AM
October 22, 2018, 02:56:53 AM
I believe that it allows you to erase the boundaries between those who want to use the cryptocurrency, but is afraid, and those who already use it
It is actually a matter of concern for the government only if the policies formulated by the government are not in accordance with the cryptocurrency. In my country and in majority of the developing countries, it is of course a matter of concern for the government because it disturbs the policies that have been built around the fiat system which helps control the unemployment and inflation which are the core problems for any nation. So this new system is not liked due to these reasons. 
October 21, 2018, 11:26:59 PM
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.
October 21, 2018, 11:07:40 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?
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 grow How do you think about these crypto?
October 21, 2018, 03:46:46 PM
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
October 21, 2018, 03:06:55 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?
How do you think about these crypto?
It will increase the usage of bitcoin in the supporting government of Japan.Most all the cryptocurrency are dependent on bitcoin.If any improvement occur in the price of altcoin.In turn the price of bitcoin will be increased.So just hold your bitcoin till it reaches the moon.
October 21, 2018, 02:51:39 PM
The thread will be even better if it has a reference link related to the discussion, not because lazy but it will be easier to point in the thread.
There’s actually no threat to cryptocurrency even the state issues a 'digital money', that’s a digital form of the currency of the country using. Because if you make a new currency, the agenda they’re working on won’t be realized but instead add new problems in their socio-economy.
There’s actually no threat to cryptocurrency even the state issues a 'digital money', that’s a digital form of the currency of the country using. Because if you make a new currency, the agenda they’re working on won’t be realized but instead add new problems in their socio-economy.
October 21, 2018, 02:06:54 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?
How do you think about these crypto?
If it's issues by a government I would doubt it's very decentralized and so I wouldn't think it's true to the vision of what a cryptocurrency should be. Though Japan have been very forward thinking and I wouldn't be surprised if they had a currency that was somehow tied to their own currency but without such a level on control.
October 21, 2018, 11:47:36 AM
A cryptocurrency issued by a government, with a central bank, is stupid by definition.
Bitcoin is born decentralized precisely to remove power from states and banks; in the moment a crypto is emitted by the state, it is just usual fiat money in electronic format.
Bitcoin is born decentralized precisely to remove power from states and banks; in the moment a crypto is emitted by the state, it is just usual fiat money in electronic format.
October 21, 2018, 11:25:41 AM
I think Japan created and issued their own crypto currency because they were knew that crypto will be uprising for the next century. They were just preparing their country for the outcome of the said currency.
October 21, 2018, 10:21:39 AM
I think they just created their cryptocurrency for backup another cryptocurrencies else to exchange this to fiat. USDT is example for this, maybe that japan's crypto have same function.
The country need stable currency as well, so the goverment should know how to make it stable.
The country need stable currency as well, so the goverment should know how to make it stable.
October 20, 2018, 11:43:58 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?
Nah, I wouldn’t buy that. Any coin that is issued by the government won’t be any as good as Bitcoin is. Bitcoin is complete freedom and I don’t care about the fact that it is volatile or being manipulated by the people, cause I’m pretty sure that the government wouldn’t be an exception; any coin issued out by the government will also be manipulated, this time around it wouldn’t be by the people but by some hands in government. So I’m not interested in government.How do you think about these crypto?
October 20, 2018, 07:59:20 AM
Cryptocurrency issued by any government is no longer Crypto - it is just currency that uses blockchain technology. I put it this way because the government will not issue anything without its own interest, thus if they issue Cryptocurrency it is bound to lose its essential properties - decentralization and anonymity.
The only thing is that it will not be beneficial for the government, as blockchain is transparent and almost impossible to control, that`s supposed to bring end to frauds and corruption. I wouldn`t count on government Crypto in this case.
The only thing is that it will not be beneficial for the government, as blockchain is transparent and almost impossible to control, that`s supposed to bring end to frauds and corruption. I wouldn`t count on government Crypto in this case.
October 20, 2018, 05:12:41 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?
This is bogus crypto currency, there is no difference between emitted fiat by goverment and goverment controlled crypto curencies. If they are centralised they are centralised.
October 20, 2018, 03:28:11 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.
October 20, 2018, 03:09:20 AM
blockchain is decentralize. which means everyone can make their own crypto. which include government. whether it will be widely accepted by public its another topic.
This is not a very difficult task to launch your own coin and in fact takes some dollars and a portion of your time to do so but to launch a perfect coin, with a perfect project, that can attract investors and that can make lives easier by allowing very cheap transactions is very difficult. It also requires a team of highly efficient IT professionals. But of course the technology would not be used by the citizen of another country and might be affected by the political relations between different countries therefore i think that launching a coin like Bitcoin in the market in next to impossible.
October 20, 2018, 02:38:56 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?
Governments and their central banks are entitled to issue and will issue their own centralized cryptocurrency. It will be something like a new form of non-cash money. Let them experiment. While we can not say exactly what will come of it. Here, non-cash national money will get some more advantages of cryptocurrency.How do you think about these crypto?
I do not think that the decentralized cryptocurrency will be somehow worse from this. On the contrary, in my opinion, the general interest in cryptocurrency will grow.
October 19, 2018, 10:31:53 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?
How do you think about these crypto?
Venezuela have already issued its own cryptocurrency to help its ailing economy and tame down its hyper inflation. Many central banks from several countries are also planning to issue their own cryptocurrency or token to counter the growing popularity of bitcoin. But governments might have no plans to create a decentralized virtual currencies because they can't effectively control it.
October 19, 2018, 08:13:26 AM
I am OK with government issued cryptocurrency if those governments respect the decentralization, limited supply and security of their blockchain.
Furthermore, it is also important how the governments do the coins allocation. Majority of the supply must be distributed to the public by using a fair method.
Furthermore, it is also important how the governments do the coins allocation. Majority of the supply must be distributed to the public by using a fair method.
October 19, 2018, 08:01:13 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.
it is very true what you convey the possibility of the government developing a currency system such as the performance of crypto currencies along with the development of technology and the progress of the times of course Jump to: