I don't want these so-called small countries to issue digital currencies.
Because most of the time as they have the purpose of digital currency is clear, for the money, to avoid the economic sanctions, so this is not conducive to the development of monetary market the encryption, and this is not the blockchain.
Topic: What if every country has its own crypto currency - page 20. (Read 54859 times)
It would be very nice if every country will have its own cryptocurrency.There are many countries thinking about creating their own cryptocurrency.That can make the crypto-world more popular among people, and help spread crypto all over the world. But it may take a few years.
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 the countries today will have different cryptocurrencies of their own then what will happen is that, the coins in the market will be useless since everyone have their own coin allocated on their country.
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 Estonia was trying to do this as well. They wanted to create a national coin called estcoin, read more about it here https://www.coindesk.com/estonia-inches-closer-to-national-crypto-token-launch/
Very interesting post on Estonia, the first 3 ways stated here are jest examples of how crypto currencies could be adopted without destabilizing the traditional financial and banking systems. The euro backed option will however be an exercise in futility
It will be cool if every country has their crypto. But the chance of this becoming a reality is slim because of the mixed feelings people have about crypto. Some school of thought see crypto as more of a trading platform than being a means of exchange. Some people believe it's going to take away the jobs of the bankers and that explains why banks in my country don't like hearing the name -bitcoin. There are others like myself that believe in the bright future of crypto and hope to see it thrive every country.
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 dont think it's good, anyway it does not happen. every country is more focused on its business and its local currency. and for a country that adopts a virutal currency like Venezuela, I think there is a dying political and economic role.
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 that happens it will become centralized but the good thing is that you still have an option whether you use it or use altcoins in your daily transaction. One big problem of the government if they make their own cryptocurrency is they cannot reproduce the coin unlike fiat. The positive impact of this is that the inflation will be minimize.
Global Market competitiveness will arise because of the every each country has its very own crypto, because of that, every crypto will step up on their game and wants to rule and of course the fiat banks will decrease their demands due to people's choice of crypto over banks.
that's good, so the development of crypto will also be more developed in the world. but now there are still many negative issues about crypto and it makes people afraid to join it. if more and more people are afraid and not interested in joining crypto then the plans to launch crypto in every country will fail. it's important to show people that crypto is a good currency and can be a profitable investment.
If a crypto-currency is being created by the central bank of a particular country, how you are going to distinguish it from the official fiat currency? I would say that in this case, it is just similar to the national currency. An example is the crypto-currency recently created by the Venezuelan government.
The sharp rise in Bitcoin's popularity made many countries pay attention. The world is moving rapidly in this direction. I think that the government of any country is interested in creating its own crypto currency, because it will be economically profitable.
it can make a profit in many ways. but I think if every country has its own crypto currency it must be that the competition between crypto will get bigger, so I think it can be used as one to introduce crypto to every citizen. 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.
That's exactly the strategy that the country India is following. I read in need that the government was coming up with its own coin called lakshmi coin as they want to cut down on expenses of the printing notes and circulating fiat money in hard form.This was said during the time bitcoin exchanges in the country were disabled.
It is obviously a welcoming news but they shouldn't ban crypto exchanges also.
The sharp rise in Bitcoin's popularity made many countries pay attention. The world is moving rapidly in this direction. I think that the government of any country is interested in creating its own crypto currency, because it will be economically profitable.
isn't it so amazing 
if i can see this in my life i will cry in my room for a one day.
if i can see this in my life i will cry in my room for a one day. is not that good because I know crypto and bitcoin currencies are still not approved by some countries and if every country has its own crypto money it is good and so the government will not ban trading and exchange with bitcoin because now the government is also starting to go into the world of cryptocurrency
Please rest assured that if each country has its own cryptocurrency. So dispersing cryptocurrency is the most valuable. There is no difference between these central cryptocurrencies and banks. So the government can't kill cryptocurrencies. Because the government can't do this.
That's right. Personally, I think that cryptocurrencies are a kind of contradiction to the money of the state, so you should not create cryptocurrencies, which are created by the state.
Well, Venezuela tried it and Russia is preparing for it. This day may come, sooner than most of us think. Venezuelan government didn't succeed but RuCoin might be successful. If they succeed, then it is a new age in crypto.
After crypto currency scales it will be like it is now but better - more transparent and reliable. U til the it will only be able to serve some functions.
That would be a great challenge for every country. It will be great but for sure more complications might come up in regards with security.
Sanity? Are you telling that we are insane here? 
https://www.merriam-webster.com/dictionary/sanityHaving our very own fiat so why not have our own cryptocurrency for each country? The idea of crypto is to be decentralized so if there are countries that will call their own crypto, it shouldn't be called as crypto because it will become centralized and ruled by them.
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