Topic: What do you think about crypto currency issued by the government? - page 5. (Read 3625 times)
January 11, 2019, 04:57:04 AM
The expression "central" in the wording central banks is already suspicious when it comes to the question of issuing a cryptocurrency by a government. But a government could become more credible if it manages all its expenses on a blockchain so that each citizen could always check if the taxpayers' money is consequently used. Instead of issuing a cryptocurrency, the Congress could be suppressed by replacing it with a virtual congress which work would be performed on a blockchain network.
January 10, 2019, 11:11:46 PM
When a governing body takes responsibility, surely it'll be functional same as the centralized services. We cannot see anything good similar to bitcoin. To my thinking it is same as the way of making transaction digitally for the traditional fiat. If the same cryptocurrency is developed in a separate platform with some other backing as oil, metals, etc then it'll surely make a difference though it is under a centralized system.
January 10, 2019, 10:50:50 PM
yes it's normal, there is nothing special. even though all countries in the world make their own crypto, can it save a bear market? no, because what is needed now is the development of all crypto, starting with the function of crypto itself.
January 07, 2019, 09:53:14 AM
If the government issues its digital currency, I will not trade with Coin from the government. Because I think Coin prices will tend to be slow in their movements. Because the government has always given statements to the people in my country, that digital currencies are at high risk because prices rise and fall rapidly.
- I believe many people here will make decisions like you, not participating and not using the coin that the government creates because the government always creates a playground they can control, their strict management will make the market very boring and gloomy, lack of pumps and breakthroughs. The coin issued by the government will be very little volatile and will not bring big profits to investors, focusing on their products only makes us waste money and time, observing and participating in other cryptos is still better when they are not under government control January 07, 2019, 07:18:05 AM
I would say national crypto a good idea if it lowers the costs of issuing the money. Anyway its just a little upgrade from current system. National cryptos do not offer decentralization and fixed supply.
January 07, 2019, 02:18:42 AM
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.
I think what you mean is to create a crypto that will going to compete bitcoin and will have a different blockchain. Yes it could be possible since cryptocurrency is all about decentralization. The market price of every coin will be determine by the demand and supply of the coin just like the most stable coin in the market the USDT.
However, it will.not guarantee that a certain government coin may going to work out with other coin just like bitcoin. So if I were to make a coin then I will make it under the bitcoin blockchain or somehow connected to bitcoin where it could be tradable to other cryptocurrency.
January 07, 2019, 02:15:10 AM
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.
I think what you mean is to create a crypto that will going to compete bitcoin and will have a different blockchain. Yes it could be possible since cryptocurrency is all about decentralization. The market price of every coin will be determine by the demand and supply of the coin just like the most stable coin in the market the USDT.
However, it will.not guarantee that a certain government coin may going to work out with other coin just like bitcoin. So if I were to make a coin then I will make it under the bitcoin blockchain or somehow connected to bitcoin where it could be tradable to other cryptocurrency.
January 06, 2019, 11:39:49 PM
If the government issues its digital currency, I will not trade with Coin from the government. Because I think Coin prices will tend to be slow in their movements. Because the government has always given statements to the people in my country, that digital currencies are at high risk because prices rise and fall rapidly.
If we are talking about volatility here I think fiats are more volatile than crypto the best advantage a digital currency can give to one government is the fixed amount of supply because we are all aware that government have unlimited supply of money if they implement using a public ledger and opened for transparency to public then it will be good to people. 
January 06, 2019, 10:34:52 PM
In my opinion, this will be a great opporrunity to showcase cryptocurrency because it is backed up by the government. Government releasing crypto will be a giant leap for crypto savvy because government issued crypto has so much trust into it than non-legitimate cryptocurrencies out there. With this, users can be assured of security and the protection of investors and users through guidelines and regulations in the use of it. Foe sure that in the coming years, more government bodies will soon be open to the fact that cryptocurrency will be able to aid in government's financial transactions as well.
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.
January 06, 2019, 08:23:20 PM
If the government issues its digital currency, I will not trade with Coin from the government. Because I think Coin prices will tend to be slow in their movements. Because the government has always given statements to the people in my country, that digital currencies are at high risk because prices rise and fall rapidly.
January 06, 2019, 05:51:12 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?
yes I think it's a good development. but we don't know yet whether the country can manage it or not. because no country has created crypto until now. so it took a long time for this.
January 06, 2019, 08:26:27 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?
Government-issued electronic money is no longer a new issue for some countries I think because the government wants to promote the nation's development and issue electronic money to curb inflation in the country. Such as Zimbabwe, inflation is very high and affects politics and the government must use electronic money to stabilize the economy. How do you think about these crypto?
January 05, 2019, 06:34:19 PM
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.
What kind of crypto regulation do you expect if the government cannot regulate policies intensively?if they make crypto with their own system then there will be two different centralized systems and vice versa, at least they can accommodate their own system to save potentially damaging things about the interests of their own currency.
Although we can't force everyone to choose what type of currency they want so they might be going to release it but i don't know if other government in another country would accept it.
January 05, 2019, 05:52:38 PM
Can you give me any authentic link about it please?
If government come here i think it must be good. Everything will be under control and market will be stable. But challenge is how technically government handle it where market is fully decentralized.
That’s what actually want to say mate we are well aware of crypt coin nature that it use to change all the time is I think at very first it’s not possible for government to handle it and other thing is crypto currency is totally independent that has no relative concern with it so these are just roaming there is no authentic proof about it. If government come here i think it must be good. Everything will be under control and market will be stable. But challenge is how technically government handle it where market is fully decentralized.
January 05, 2019, 06:12:44 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.
What kind of crypto regulation do you expect if the government cannot regulate policies intensively?if they make crypto with their own system then there will be two different centralized systems and vice versa, at least they can accommodate their own system to save potentially damaging things about the interests of their own currency.
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.
January 05, 2019, 02:57:58 AM
Can you give me any authentic link about it please?
If government come here i think it must be good. Everything will be under control and market will be stable. But challenge is how technically government handle it where market is fully decentralized.
If government come here i think it must be good. Everything will be under control and market will be stable. But challenge is how technically government handle it where market is fully decentralized.
January 05, 2019, 01:58:30 AM
the central bank issued a cryptocurrency I thought because I wanted to attract customers. because cryptocurreny and the blockchain system are very revulsioner. by using cryptocurrency transaction costs become cheaper and more efficient. also the transaction process is more transparent. perhaps with the use of crypto they can minimize acts of corruption committed by government officials. but still even though the cryptocurrency is made by the government. must remain decentralized.
January 04, 2019, 10:20:28 PM
My opinion about the currency issued by the government is very good, because there will be more people or new users who will be on Cryptocurrency. Because digital currency issued by the government may be legally regulated by the state, but everything depends on traders, because I think the currency issued by the government will have a stable price, not too drastic when going up and down. So it tends to be slow in seeking profits from it.
but will it use a decentralized system too? because if the government continues to maintain the existing system, it is no different from now. so I actually considered it not supporting crypto development, but like a competitor Jump to: