What if every country has its own crypto currency - page 14.

hellyah070

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Quote from: donalfonso on June 01, 2018, 05:20:42 AM

Wouldnt it be nice if each country in the world issues its own crypto currency just like they issue sovereign bonds and they raise funds from there to fund projects in their economies. I know Venezuela tried to do something like that, but the project was already being killed by the governments opponents before it took off. Now lets assume that didnt happen could it be a good way to create some form of sanity and confidence in the crypto world.

If each country will have its own cryptocurrency that is regulating, there not much difference in their current fiat that is used widely by the entire country. The government I think will still have the control to the money regulating.

Umkar

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Many countries are already considering the possibility of creating a state cryptocurrency. For example, Israel plans to launch a crypto shekel, Russia launch a crypto ruble, England crypto pound backed by gold, but so far these are only projects, although the prospect for the development of this idea is present in the long term.

Dasha88fed

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The global trend of accepting and using cryptocurrencies will contribute to the emergence of state cryptocurrencies, it is inevitable if the rate of development of cryptocurrencies continues to grow. I believe that the creation of state cryptocurrencies will contribute to the development and growth of the crypto industry as a whole.

emezh10

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Quote from: zcashplan on June 04, 2018, 12:17:21 PM

In my opinion, this day will soon come. I think this is a very good news. Then prove that Bitcoin in the cryptocurrency will become more valuable. It will be more expensive.

It is a great news speculation to have such crypto own currency by the government in the future, But, i just wonder when and how it will be accepted by the government and the global community? Crypto still facing a lot more pressing concern specially the issue on Regulation on the crypto market, once such issue are resolved i am still optimistic that the better future for crypto digital transaction will be on general use once all isssues are resolved.

Glomerulus22

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It would be a real mess when they would like to exchange them or it could complicated travelling. Better to have decentralized leader of all crypto which is.....BTC - he is still the king!

kotajikikox

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This will be very hard and it will take many steps for this to be accomplished, the government will have a hard time passing this kind of petition and by that for me is impossible and i dont think that a country will have a cryptocurrency.
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I agree mate this are harder but not possible to implement that propasal if ever people suppot and study how to implement each country become have own cryptocurrency.

chabapok

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I think it will be real in near future because we can hear too many countries want to create their own national cryptocurrencies and that will be amazing. I really want to see that kind of market. If all of these countries will have their national currency also too many people will start to buy ethereum and bitcoin. It will increase awareness of crypto hugely.

que91

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Quote from: donalfonso on June 01, 2018, 05:20:42 AM

Wouldnt it be nice if each country in the world issues its own crypto currency just like they issue sovereign bonds and they raise funds from there to fund projects in their economies. I know Venezuela tried to do something like that, but the project was already being killed by the governments opponents before it took off. Now lets assume that didnt happen could it be a good way to create some form of sanity and confidence in the crypto world.

Convincing to accept cryptocurrency is indeed a hard thing at the present time. We all know the potential of cryptos, but every government is concerned that it will be a barrier to national development. Therefore, we can only continue to hope and wait.

temilade200

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Quote from: donalfonso on June 01, 2018, 05:20:42 AM

Wouldnt it be nice if each country in the world issues its own crypto currency just like they issue sovereign bonds and they raise funds from there to fund projects in5 their economies. I know Venezuela tried to do something like that, but the project was already being killed by the governments opponents before it took off. Now lets assume that didnt happen could it be a good way to create some form of sanity and confidence in the crypto world.

It is possible, but sometimes it is not necessary. Then if such should eventually happen, part of what we need to know is how genuine the motive behind it is. As a matter of fact, it will make the crypto space more interesting.

TastyChillySauce00

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Quote from: Carollzinha on November 11, 2018, 05:44:11 PM

If each country has its own cryptocurrency, the government will control it accordingly. Then the basic principle of cryptocurrency - decentralization will disappear. Cryptocurrency was created so that people would have the opportunity of private life, to dispose of their funds as they like.

The coin will be pretty much the same as stablecoin, it's a cryptocurrency but not exactly a real cryptocurrency at that considering that there's a company backing it up which also means there's one entity have full control over the coin.

AnnaGeraMsk

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the market is still being created and the rulers are thinking how to make a controlled, but not transparent coin, since no one wants to sit on a leash by himself

Open4lies

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I think it's nothing different like at the moment like every country has their own currency

. It'll be much better if all countries in this world use the same cryptocurrency then everyone can trade easily without having exchange to another cryptocurrency or credit card. For me, buying something from Amazon is very difficult cause I don't have visa/debit card so it'll be very great if amazon will be the first place accept cryptocurrency for payment. LOL.

Carollzinha

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If each country has its own cryptocurrency, the government will control it accordingly. Then the basic principle of cryptocurrency - decentralization will disappear. Cryptocurrency was created so that people would have the opportunity of private life, to dispose of their funds as they like.

Samkol26

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If a country can do that and have a success in it it will be a good thing for the crypto world at large.. This will proof many people that are crypto wrong

pinoyden

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Most countries nowadays do already have their own representing cryptos but its still the same , there is no difference on the value at all and the market is still volatile .

So overall there is no real benefit on a country that has its own crypto .

Fiats will still be prioritize as it is more easier to use even if a country do already have its own crypto .

Quote from: slightmoon on November 11, 2018, 05:36:02 PM

But all we know Governments don't go like that way. Chance of like this in the near future really low. Sad

Im pretty sure that the remaining countries will also do agree about using a crypro or rather creating their own crypto because they dont want to get left behind by the latest technology knowing that cryptos is slowly becoming popular right now .

slightmoon

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It's really good if that happen in the future. If ever happen then we early adopted will be in the big profit. But all we know Governments don't go like that way. Chance of like this in the near future really low. Sad

Mrsparks

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This is a great topic for debate.. I for one think that the running of cryptocurrency via all countries of the world is a bad idea.. I believe it will to a large extent encourage centralization which is a far cry from the values great nakatomo satoshi proposed...

GhostWithin

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Quote from: kevingreen on October 22, 2018, 03:02:19 PM

Quote from: donalfonso on June 01, 2018, 05:20:42 AM

Wouldnt it be nice if each country in the world issues its own crypto currency just like they issue sovereign bonds and they raise funds from there to fund projects in their economies. I know Venezuela tried to do something like that, but the project was already being killed by the governments opponents before it took off. Now lets assume that didnt happen could it be a good way to create some form of sanity and confidence in the crypto world.

I think the idea of every country having its own cryptocurrency will run contrarily to the idea decentralization of cryptocurrency. Because no government will own what they will not control and if they should control it then it is no longer decentralized any more.

straight to the point. In fact, state cryptocurrencies will not differ from electronic money that is already in use. In the near future, no state with a strong economy (this is important) will create its own cryptocurrency. it makes no sense

Collinberg

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This would have been great because everybody would be into Cryptocurrencies when that happens, mass adoption, influx of new people and money, Crypto would boom like never before.

Semosuchi Tesongrato

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Always the same discussion: a cryptocurrency that has national borders and is under the control of the government, simply is no longer a crypto but a normal electronic fiat money.
Unfortunately, many do not understand it and when the states will issue their "crypto" they will believe it.

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