Topic: What do you think about crypto currency issued by the government? - page 2. (Read 3627 times)
April 03, 2019, 02:28:25 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.
April 02, 2019, 04:20:48 PM
The question is who is going to use that coin, people like us which understand that cryptocurrencies are an attempt by people to try to get free from government control will never use their cryptocurrencies, and the people that are not using bitcoin do not really have a need for a coin issued by their governments since they already have cash and other electronic payment methods so for the time being I do not see many people interested in adopting a cryptocurrency like that.
April 02, 2019, 07:25:38 AM
Government involvement in CRYPTO is sure a good development for the future, Thou government involvement is more of competition to other currency, but it will sure increase the numbers of investors and adoptors of CRYPTO community, with government issuing there own currency, it will attract a form of regulation in the space.
You can be right that the future of crypto can grow and become more popular when the government participates in this activity but you should consider carefully government actions, they do not randomly create their own crypto. They create for the purpose of competition as you say, and they want everyone to know about their crypto, attract people to invest and control other people's assets, the benefits we receive will be very small while the strict management and tax payment will certainly happen April 02, 2019, 07:00:58 AM
Government involvement in CRYPTO is sure a good development for the future, Thou government involvement is more of competition to other currency, but it will sure increase the numbers of investors and adoptors of CRYPTO community, with government issuing there own currency, it will attract a form of regulation in the space.
April 01, 2019, 01:55:29 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?
even the goverment not touch and speculation cryptocurrency to be centraliztion are good for civil. crypto will be great when goverment make a rule for safety consument. when cust got trouble, goverment can handle it and to be sure crypto will be great like fiat How do you think about these crypto?
April 01, 2019, 01:49:27 AM
I think that as soon as the central bank of any country releases its cryptocurrency, will immediately arise the possibility of its regulation and control . And this will violate the basic idea of cryptocurrency-its decentralization.
Cryptocurrency issued by the government means that it includes regulations that apply to the state, so that it is not anonymous and in conducting transactions can be taxed.By law, in my opinion it is safer because it is protected by the state compared to anonymous cryptocurrency because it is legally difficult to protect.
March 31, 2019, 11:53:53 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?
every country issues its own crypto currency, I think the nature and function of the crypto currency will actually disappear and of course it will switch functions and the currency will be centered and missing the function of the actual crypto currencyHow do you think about these crypto?
March 31, 2019, 05:19:15 PM
And what will be the cost of such a state cryptocurrency? Will it not be so that the issue of this money will be equivalent to printing an empty fiat money supply, which will lead to a new inflation?
February 23, 2019, 04:58:02 PM
I think that as soon as the central bank of any country releases its cryptocurrency, will immediately arise the possibility of its regulation and control . And this will violate the basic idea of cryptocurrency-its decentralization.
February 23, 2019, 04:26:55 PM
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 it February 23, 2019, 03:47:49 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 if crypto will be realized in Japan with government approval, crypto will only become the only digital currency to fulfill modern Japanese life How do you think about these crypto?
February 23, 2019, 03:21:58 AM
I don't believe this news and since this information is not backed with link on how to see the original news such, but to me no government with want to introduce they own crypto coin because that will kill their legal currency and the banking and traditional financial method which is always centralized.
That is right.
There is no way that a government will ever release their own cryptocurrency in their country and advertise it to be used in the same country. The first reason I see that will contradict this is that their currencies or the fiat that is being used are controlled by them hence it is a centralized currency. Why would they create their own currency and it is decentralized? They will not be able to control it and it will really affect their country.
February 23, 2019, 03:12:37 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?
every country issues its own crypto currency, I think the nature and function of the crypto currency will actually disappear and of course it will switch functions and the currency will be centered and missing the function of the actual crypto currencyHow do you think about these crypto?
If central banks issuing cryptocurrency, it will againts with their policy as last landing resort. Beside that, cryptocurrency always have limited supply and central banks must be want to control the price with more supply in market. I dont think government will issue their own crypto but if that happen, that can not be called as cryptocurrency but digital money
February 22, 2019, 02:16:29 PM
I don't believe this news and since this information is not backed with link on how to see the original news such, but to me no government with want to introduce they own crypto coin because that will kill their legal currency and the banking and traditional financial method which is always centralized.
February 22, 2019, 08:59:38 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?
every country issues its own crypto currency, I think the nature and function of the crypto currency will actually disappear and of course it will switch functions and the currency will be centered and missing the function of the actual crypto currency How do you think about these crypto?
February 22, 2019, 04:38:31 AM
for me it is better to have a currency in the country so well and it is acceptable to the whole government. because the currency is a decentrilized crypto even if it's a digital currency but for me it's the best crypto currency and it's acceptable to a central bank that bitcoin and others.
February 22, 2019, 04:07:35 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 it
February 22, 2019, 03:51:01 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 it February 21, 2019, 12:57:42 PM
I dont know if the government will issue their own crypto because they already have their own currency and its enough for them to earn a profit because they can create a supply of it whatever they wanted to.
Many country do already issue their own coins but most of them have failed because they didnt get enough support from their people . this is not a threat to crypto overall .
Personally, I don't see myself using government issued crypto currency as yes it's obviously centralized and damn don't trust any of it.
We all love bitcoin and other alts because of its decentralization and after all this is what we're yearning for.
February 08, 2019, 09:01:07 AM
there are two aspect of it one is that crypto currency whale position will be taken by government then they can further manipulate and all regulation will be imposed to own respective crypto and second one is that is we will see crypto awareness among general people then we can see market rise to next level.
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