What do you think about crypto currency issued by the government? - page 4.

andrei56

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Quote from: tactac on September 26, 2018, 10:17:02 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 will never use them or accept them as a form of payment, if governments can already abuse their power can you imagine the abuse they could use against a normal person? It is better we do not give them even more power than the power they already have, so if the country where you live decides to implement that refuse to take part in such an experiment.

Incodium Coin

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It all depends on what government we're talking about. The Venezuelan government issued a cryptocurrency, l don't think l am in any rush to buy that. However, if another government does, one in whom l have confidence, it'll be a no brainer.

samycoin

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Quote from: tactac on September 26, 2018, 10:17:02 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 its alright because like crypto they want to spread their platform in every country so I think it will not be a problem and also it's up to people they want to use if its crypto or banks. The important is we know to manage our investment in every investment platform.

gabmen

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Quote from: playboy654 on January 12, 2019, 11:38:29 AM

Quote from: aad140386 on January 12, 2019, 09:29:26 AM

I treat them quite normally, just as I do with fiat money now. I am only concerned about the issues of inflation within countries with weak economies. If they start to issue cryptocurrencies of their countries, and cannot devalue them during the economic crisis in their country, then a default will be inevitable. The United States, too, will not be able to print more dollars when they need it. A lot of questions about this. It all depends on how these cryptocurrencies will exist and what advantages they will give over fiat? If you simply replace fiat money with cryptocurrency and all mechanisms to leave the same, then what is the point?

I am thinking if the government will be directly accept the legalizing process for the improvement of Bitcoin to the country it will be more advantage of the Bitcoin to be developed in the country very quick and easy and the people also very useful to make some good amount of profit in their life.

Bitcoin isn't something that the government will promote and if ever there will be a crypto coin issued by them, i don't know if it will have the same support from long time crypto users. Well there will be confidence in anything government backed, but a state crypto is almost the same as digital fiat.

Irvinn

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I am quite normal with the emergence of centralized cryptocurrencies that will be issued by central banks of various countries. Moreover, it will happen even without our knowledge and desire. It will practically be the same national money of the states, only in a digital envelope. They will mostly go within this state and will not be used as the decentralized cryptocurrency is used now - for profit due to the increase in their prices. This will be a centralized cryptocurrency, which will be used primarily as a means of payment. It is unlikely that such a cryptocurrency will be widely used even within this state, since non-cash forms of payment will successfully compete with them. However, their release in general will be useful for all cryptocurrencies, since it will attract attention to it and contribute to its popularity.

playboy654

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Quote from: aad140386 on January 12, 2019, 09:29:26 AM

I treat them quite normally, just as I do with fiat money now. I am only concerned about the issues of inflation within countries with weak economies. If they start to issue cryptocurrencies of their countries, and cannot devalue them during the economic crisis in their country, then a default will be inevitable. The United States, too, will not be able to print more dollars when they need it. A lot of questions about this. It all depends on how these cryptocurrencies will exist and what advantages they will give over fiat? If you simply replace fiat money with cryptocurrency and all mechanisms to leave the same, then what is the point?

I am thinking if the government will be directly accept the legalizing process for the improvement of Bitcoin to the country it will be more advantage of the Bitcoin to be developed in the country very quick and easy and the people also very useful to make some good amount of profit in their life.

aad140386

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simply getting the job done

I treat them quite normally, just as I do with fiat money now. I am only concerned about the issues of inflation within countries with weak economies. If they start to issue cryptocurrencies of their countries, and cannot devalue them during the economic crisis in their country, then a default will be inevitable. The United States, too, will not be able to print more dollars when they need it. A lot of questions about this. It all depends on how these cryptocurrencies will exist and what advantages they will give over fiat? If you simply replace fiat money with cryptocurrency and all mechanisms to leave the same, then what is the point?

.gustafson

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Cryptocurrency can't be used at the goverment level! At least at the moment in the meaning of which we are talking. This is an ANONYMOUS currency. Cryptocurrency will be used in everyday life, but goverment regulation is unacceptable and, in principle, it doesn't exist.

Nahl

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I have recently read OP post that maybe government will made their own crypto and he was give an example that Japan will do that but currently as far i know bitcoin was legal in Japan and if they want to created their own crypto i'm sure people at there will be so excited because i heard Japanese people were investing bitcoin for future purposse even there was company who are willing to pay salary employments use bitcoin but for other countries i think it hard to be realized because most of them doesn't liked crypto

horrifiedx1

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Quote from: creeps on January 11, 2019, 05:59:26 PM

Quote from: SnapDown22 on January 11, 2019, 01:55:25 PM

if indeed the government issues its own crypto currency and if all countries issue also of course the value and function of the crypto currency will change and no longer be like the crypto currency and will be the same function with fiat currency

It will be more a centralize one and the purpose of cryptocurrency will die again. I know government will not do this because they already have fiat money to use for. They will just accept the fact that they cannot control cryptocurrency and let their people to use it with some regulations to follow.

I think even though the digital money that was created cannot change the decentralized system that cryptocurrency has brought, this new system is indeed the opposite of the existing system. but I think the government can regulate it elsewhere, but not the system, because this is a technological development

sclmte

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we talk about issued by the government I think the government has no other currencies that are believed to be the currencies used at all. but the cryptocurrencies are talking about knowing that all the government thinks that it's a scam because cryptocurrency is a digital currency and a decentralized, so it's hard for the government to accept it. and would have been able to prove the government that a country's crypto also works with people without jobs, so now they can also be called sideline jobs, because of the help of a bitcoin cryptocurrency in the country and may have come to us cryptocurrency in the country will be known and accepted in all gobernments.

creeps

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Quote from: SnapDown22 on January 11, 2019, 01:55:25 PM

if indeed the government issues its own crypto currency and if all countries issue also of course the value and function of the crypto currency will change and no longer be like the crypto currency and will be the same function with fiat currency

It will be more a centralize one and the purpose of cryptocurrency will die again. I know government will not do this because they already have fiat money to use for. They will just accept the fact that they cannot control cryptocurrency and let their people to use it with some regulations to follow.

Faxmate

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Quote from: Naida_BR on January 11, 2019, 02:18:54 PM

Quote from: alonelyorange on January 06, 2019, 09:50:09 PM

When many country want to created their own crypto is very good ideas, but they have connection with bitcoin and blockchain, they could created some thing without have connection with bitcoin.

Why should it be connected with bitcoin? It will be a supplementary (maybe) cryptocurrency to bitcoin but I can't find a reason why they should be connected. And I really don't like the idea of different cryptos as this returns us to the same base as does fiat right now.

I think if government will connect with crypto so it will never bad idea rather it will never harmful because working in community or consent will very beneficial and profitable for people, so economical situation will more improve and unemployment will reduce for this world but the main issue is crimes it will remove from our world by cryptocurrency.

Naida_BR

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Quote from: alonelyorange on January 06, 2019, 09:50:09 PM

When many country want to created their own crypto is very good ideas, but they have connection with bitcoin and blockchain, they could created some thing without have connection with bitcoin.

Why should it be connected with bitcoin? It will be a supplementary (maybe) cryptocurrency to bitcoin but I can't find a reason why they should be connected. And I really don't like the idea of different cryptos as this returns us to the same base as does fiat right now.

SnapDown22

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if indeed the government issues its own crypto currency and if all countries issue also of course the value and function of the crypto currency will change and no longer be like the crypto currency and will be the same function with fiat currency

semobo

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Quote from: tactac on September 26, 2018, 10:17:02 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?

Some governments were already tried issuing their own cryptocurrencies but ti doesn't make any sense at all if it is centralized and controlled by someone so no one gonna use it anyway.

Pattart

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Quote from: adzino on January 05, 2019, 03:05:05 AM

Won't be a big fan of those crypto currencies. Government issuing crypto currencies and you really think they are going to be decentralized? No way. They will try to keep it under their control as much as they can. And its the Japans central bank that will be issuing those coins and is a more no no for us. I thought crypto currencies were supposed to be anti of the banking system.

If they make a cryptocurrency but don't use a decentralized system. then what's the difference with other digital currencies? the core of crypto innovation is decentralization right ? if there is no decentralization in crypto they issued then I will not be interested in what they bring.

Yusuf77

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if every country issues its own currency, I think the nature and risk will definitely change and it will even become a function as a fiat eye,

markovicmarge

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government should regulate new entries in the market.

ggeorgeokafor

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i am afraid of the taxation that will be imposed if ever.

Topic: What do you think about crypto currency issued by the government? - page 4. (Read 3625 times)