Topic: What if every country has its own crypto currency - page 22. (Read 54868 times)
Every country having its own cryptocurrency , that seems to be nice . the market will grow bigger and the cryptocurrency will compete with the fiat currency . as bitcoin is promoting digital currency this move will really help it .when it comes to the value , I think the countrys which are more populated their cryptocurrency will be higher in value.
I think the idea of blockchain technology discovered is not for every countries to have their own cryptocurrencies but for the society to have a decentralized system that is going to help us doing business with one another all over the world. Every country to have their coin will affect decentraliziation.
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.
we know this discussion will be a long debate, but in fact the European countries are not interested in making crypto for now. maybe in the future, I never know.
Already some countries were initiated this option but I don't think this has any benefits to the citizen because it is more or like the fiat money which is already in the usage.Even if they have separate crypto currency for their country it can be used anywhere in the world and tradeable all over so it is not a good idea to do.
The day must come. But the government won't let this happen easily since the bank will lose their position.
It's not that easy, it's all a profit and a loss, if every country has crpytocurrency, what about real money, it will certainly be bad, no real money use every day
It would be nice. But it is less likely to happen. Because most governments don't support cryptocurrencies. They even discourage investing in cryptocurrencies.
If all countries had their own cryptocurrency COINS, decentralized cryptocurrency would be the most valuable.
At that time, bitcoin would be worth more, so people around the world could use it.
At that time, bitcoin would be worth more, so people around the world could use it.
I'll trade you some Japan coin for some China coin, and I need a rubdown so I'll trade you some Switzerland coin for some Thai coin IF YA KNOW WHAT I MEAN 
Each government will have to kill their own banking system first before that happens and they have to fix their own internet connections before they can fully implement their national cryptocurrency.
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.
Do you mean their own cryptocurrency? It is really possible. But, is that really good for the other cryptocurrencies? I just feel worried if they will stop or ban the other cryptocurrencies outside of their own crypto. Actually, it is a good development for the crypto world if each country has its cryptocurrency. However, we must also think of the effects of the emerging to the other crypto in the world that have been previously.
I also think if it happens like that every country has cryptocurrency, it could happen but in my opinion it will surely take quite a long time because a lot of negative news about cryptocurrency, If it happens cryptocurrency will be the payment in the future
Interesting question.This is what in my mind also before.I think this is possible if ever cryptocurrency will be legalized globally, I mean all country will accept it since every country has the represented fiat currencies so as this cryptocurrency if be legalized thoroughly.If this happens, then I think theres a little discrimination still regarding the prices just like the fiat currencies value.I think they still depends to fiat currencies value if ever they make each crypto in 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 think it'll be the ideal scenario if every country has its own cryptocurrency. But to reach that situation we have to wait for decades.
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.
Personally, I think, it would be great fun because cryptocurrency market has one vision to replace fiat currency and to promote digital currency to have faster processing and less cost. If all countries have the coin of cryptocurrency itself, perhaps its popularity is very different, and it forms another crypto coin for some particular country which is cheap compared to other known countries when it comes to economic stability. So every country will have its own crypto then it will become a market success.
If that ever happens, then the competition will increase and will become tougher. Also, every country would be able to join and enter cryptocurrency easily and convenient. Payment system will also be easier and faster and limitless. I think its a great concept but it will be difficult to do and the process will be long.
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.
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.
Then there will be no difference between cryptocurrency and their usual flat currency. Beside this will not be decentralized then. Bad Idea!
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.
The state will never take such a step. And if it goes, then only in order not to lose control over the issue of money. Imagine that this happened and there was a private decentralized national cryptocurrency, which means that there will be no need for the usual banks, it will eliminate corruption or at least reduce the likelihood of receiving bribes and money laundering. Do you believe that the state will do this?
If every country has its own crypto currency it will really make crypto space to go viral, it will be reach the highest adoption because many will get to know about crypto and adopt it and regulation won't be that much again.
Jump to: