What do you think about crypto currency issued by the government? - page 6.

mornabo

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Quote from: Sum24 on January 02, 2019, 06:15:22 PM

Quote from: KesoNie on January 01, 2019, 05:48:49 AM

Quote from: Harkorede on January 01, 2019, 05:37:12 AM

Quote from: imToken on December 15, 2018, 05:37:07 AM

This is very good for the cryptocurrency market. At that time, Bitcoin will once again be take off.

Then what was the purpose of Bitcoin at the first instance, It was introduced to curb centralization and explicit control of the government over native currency, Any cryptocurrency introduced by the government will about nothing but complete centralization as the name implies to Govern "Conduct the policy, actions, and affairs of (a state, organization, or people) with authority." Why would anyone want this ?

I think it will never be a good idea because surely government are only the one that get more benefited and surely they will conduct policy which is also not good idea. So that's why crypto is decentralized which is good because government is not allowed to conduct policy to it. So I think many people will be glad because they get the benefit through it that what they deserve.

Yes because governments only think about themselves that will only control the whole system and will not spare profit making policies for investors. So personally I love crypto currency to be decentralised and out of reach for government. It is independent that’s why it makes huge profit other wise Every thing will get pre planned and no charm in investing.

if cryptocurrency be made then its not independent and decentralized like the crypto system in general, then what's the difference with fiat made by the government?

I think this issue will not become a reality, the government already has fiat and one country will not use 2 official currencies

entebah

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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.

Janation

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Quote from: West0813 on January 02, 2019, 06:52:44 PM

Its probably hard to trust cryptocurrency that is issued by governments. We all know that the government are full of corrupt officials. And i think if they release a cryptocurrency they can control it. And they can do what ever they want.

And why do you think government will be doing that?

I am talking about the cryptocurrency here not the corruptions they. Do you think governments will be making their own cryptos and let investors and other people invest on it? If you will be asking me they are busy with a lot of things that is more important than that. I don't think they will be using those cryptos to corrupt since I don't think they will be making a cryptocurrency in the first place.

andika2018

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Quote from: denuhaqiqi on October 14, 2018, 01:43:15 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.

I am agree with your opinion. If central banks creating their own cryptocurrency and still control the supply, i think its just form of digital money. Not every cryptocurrency anonymous but its should not controlled by any authority or central banks. But in the other side, its good news for blockchain technology because more institution will accepting cryptocurrency

ToyotaFortuner

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for Japanese countries it seems that they have received use and payment using cryptocurrency because they give appreciation to the existing developments and technology such as the payment of the bitcoin digtial currency, for many countries there are still many who have not received payments using cryptocurrency.

iv4n

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Quote from: hen cet on January 04, 2019, 04:20:30 AM

Quote from: mcTether on January 03, 2019, 07:46:57 PM

Quote from: tactac on September 26, 2018, 11:17:02 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?

Does japan or the other countries actually need to release their own crypto? Does it means they will ditch their current fiat paper monies? I don't see this happening.

Japan has issued MUFG coins, and some Latin American countries have also issued the same thing, I have not seen it directly about its use, but obviously it is fully supported by the central bank they have. It must be understood that developed countries do not question the dualism of currencies, the most important is legal and remain regulated in their own sovereignty. fiat and crypto will be connected to active conversions which ultimately increase economic power on a large scale.

This is actually a great comment, and very nice thinking. There are more than 4000 complementary currencies in the world, this currencies serve businesses in hospitality, construction, manufacturing, retail and professional services. For example Switzerland have WIR, it's what I remember, but I read about some others too.
What you say that fiat and crypto will be connected to active conversions which ultimately increase economic power on a large scale is true. I agree with this, it's the next step in evolution of economy, after that people will be able to choose what will they support, centralization or decentralisation.

hen cet

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Quote from: mcTether on January 03, 2019, 07:46:57 PM

Quote from: tactac on September 26, 2018, 11:17:02 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?

Does japan or the other countries actually need to release their own crypto? Does it means they will ditch their current fiat paper monies? I don't see this happening.

Japan has issued MUFG coins, and some Latin American countries have also issued the same thing, I have not seen it directly about its use, but obviously it is fully supported by the central bank they have. It must be understood that developed countries do not question the dualism of currencies, the most important is legal and remain regulated in their own sovereignty. fiat and crypto will be connected to active conversions which ultimately increase economic power on a large scale.

Burogh

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COVIR.IO

Quote from: alroys on October 16, 2018, 09:58:11 AM

Of course it will be very good, and certainly will be accepted by the community, because the issuing is the government. And of course, if this Bitcoin can be accepted by a government, then bitcoin will be very developed in the country. Therefore, one of the most important factors in the development of Bitcoin is the government's participation in it. The government created Cryptocurrency, it must be crowded.

I think if government creating their own cryptocurrency, bitcoin will regulated by government. Thats will be a good news for market because investor will more have many option to investing their money. But i think if government creating their own crypto, its like a fiat money because government still control the supply and data transaction

mcTether

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Quote from: tactac on September 26, 2018, 11:17:02 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?

Does japan or the other countries actually need to release their own crypto? Does it means they will ditch their current fiat paper monies? I don't see this happening.

Faxmate

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Quote from: syamster on January 03, 2019, 03:13:12 PM

Quote from: Visbay on January 03, 2019, 12:46:42 AM

Quote from: SteveStake on January 02, 2019, 02:16:52 AM

I think this is better than our current system but in ways defeats the purpose of what a cryptocurrency is supposed to represent.

I think the same that crypto currency is much better than our regular money because according to me it really does not give us anything but only the waste of time. Government should take wise step of regulating crypto currency which is good not only for them but also for ordinary people as well who are investing to make the economy well grown.

Agree with you mate that crypto currency has very good impact on our life and because of this our life has got the New turns that improved our life style. With crypto currency governments has no connection but if they will make their own so it will surely be safer and will be higher in value so I think if investors found it beneficial they will use it.

Yes if government's own currency has more benefits as like bitcoin so people should join but I think it will more good for us because government will accept this currency and more secure for people to easily use then their own currency will also useful so if governmental people can use it because their salary is connected with government and that's why they can easily invest their some of salary for secure future.

syamster

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Quote from: Visbay on January 03, 2019, 12:46:42 AM

Quote from: SteveStake on January 02, 2019, 02:16:52 AM

I think this is better than our current system but in ways defeats the purpose of what a cryptocurrency is supposed to represent.

I think the same that crypto currency is much better than our regular money because according to me it really does not give us anything but only the waste of time. Government should take wise step of regulating crypto currency which is good not only for them but also for ordinary people as well who are investing to make the economy well grown.

Agree with you mate that crypto currency has very good impact on our life and because of this our life has got the New turns that improved our life style. With crypto currency governments has no connection but if they will make their own so it will surely be safer and will be higher in value so I think if investors found it beneficial they will use it.

Lexurdania

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Quote from: tactac on September 26, 2018, 11:17:02 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?

If central banks release their own cryptocurrency, i think its good news for cryptocommunity as long central banks not control the supply and having a limited supply. It should be decentralized if not there is no different with paper money

Visbay

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Quote from: SteveStake on January 02, 2019, 02:16:52 AM

I think this is better than our current system but in ways defeats the purpose of what a cryptocurrency is supposed to represent.

I think the same that crypto currency is much better than our regular money because according to me it really does not give us anything but only the waste of time. Government should take wise step of regulating crypto currency which is good not only for them but also for ordinary people as well who are investing to make the economy well grown.

Firefox07

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Why not. If the government will assure their investors that they can make their own cryptocurrency safer for every one and that will be better for all of us.

West0813

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Its probably hard to trust cryptocurrency that is issued by governments. We all know that the government are full of corrupt officials. And i think if they release a cryptocurrency they can control it. And they can do what ever they want.

Sum24

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Quote from: KesoNie on January 01, 2019, 05:48:49 AM

Quote from: Harkorede on January 01, 2019, 05:37:12 AM

Quote from: imToken on December 15, 2018, 05:37:07 AM

This is very good for the cryptocurrency market. At that time, Bitcoin will once again be take off.

Then what was the purpose of Bitcoin at the first instance, It was introduced to curb centralization and explicit control of the government over native currency, Any cryptocurrency introduced by the government will about nothing but complete centralization as the name implies to Govern "Conduct the policy, actions, and affairs of (a state, organization, or people) with authority." Why would anyone want this ?

I think it will never be a good idea because surely government are only the one that get more benefited and surely they will conduct policy which is also not good idea. So that's why crypto is decentralized which is good because government is not allowed to conduct policy to it. So I think many people will be glad because they get the benefit through it that what they deserve.

Yes because governments only think about themselves that will only control the whole system and will not spare profit making policies for investors. So personally I love crypto currency to be decentralised and out of reach for government. It is independent that’s why it makes huge profit other wise Every thing will get pre planned and no charm in investing.

Pab

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Activity: 1862

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Quote from: tactac on September 26, 2018, 11:17:02 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 central banks are thinking about it
It is good idea because it will lower trade costs and trade will be faster and much more transparent
Interesting will be to see digital Yuan .China has that project under development
Even it will be only gov currency anyway it can be also used on crypto market in some cases
For example to buy licensed ico
As usual in any case of digital innovation it will start from Asia countries
It can benefit trading between Asia countries than
I know euro area is not even thinking about it and it will not change anytime soon

chenille

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chenille!

Quote from: Naida_BR on January 02, 2019, 06:53:17 AM

Quote from: tactac on September 26, 2018, 11:17:02 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?

Cryptocurrencies are all about decentralization. If the government issued crypto will have this feature then I totally agree with such a cryptocurrency. I am in favor of a little "control" in the cryptos in order to avoid scams but not in a high volume because then the system will not be decentralized.

But the question will be, why should a country release a national cryptocurrency? Most national currencies are launched in corrupt or bankrupt countries. Decetralisation will be very difficult to ensure because it's already limited to the country.
In addition, one of the biggest features resulting of decetralisation is being global. Like BTC is not restricted to a country, BTC can be used everywhere worldwide. National cryptocurrencies will have always disadvantages in my opinion.

Naida_BR

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Quote from: tactac on September 26, 2018, 11:17:02 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?

Cryptocurrencies are all about decentralization. If the government issued crypto will have this feature then I totally agree with such a cryptocurrency. I am in favor of a little "control" in the cryptos in order to avoid scams but not in a high volume because then the system will not be decentralized.

Lumi3004

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Quote from: tactac on September 26, 2018, 11:17:02 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?

If there is a country that thinks like that, a country or a bank wants to develop its own meta crypto money is better and better, I am sure that many investors or traders who glance and are interested in the currency are more guaranteed in terms of security, this is a very positive step Cryptocurrency in the country.

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