Topic: What if every country has its own crypto currency - page 23. (Read 54859 times)
I find it very interesting that this was the case and whether these coins were popular in other countries and how to put them into circulation in general, a good topic for discussion
If every country has its own password currency, it will not have any meaning for the world economy, it is just another way of Fiat. Like the oil coins of the party, it can only circulate in that country, and people will not buy their oil coins.
Hi, it could be good every country has its own crypto, but how will you determine its value, it will raise some problems if USA crypto worth more than Mexico
I am totally against these childish moves of govs. Do you know that making their own tokens and coins will open more markets and will influence on bitcoin's price and it will really make the market hype for some weeks or months and then, more and more problems will start to happen 
I highly suggest not doing that or they can integrate altcoins and bitcoin in daily life use.
I highly suggest not doing that or they can integrate altcoins and bitcoin in daily life use. 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.
Sometimes ago some countries tried to do that, but they failed miserably if they want to raise funds, they can just tax their people, instead of creating their own coin because there are still a lot of people that thinks that bitcoin and other cryptocurrency are bubble that's waiting to explode.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I think if the country has its own crypto currency then they will accepting cryptocurrency in large aspects but they will make some regulations to control the cryptocurrency movements. they will change their point of view about the digital money because they have their own crypto and they need to control their crypto so they need to getting involved in the crypto and supporting the crypto. but still, the government cannot control the cryptocurrency because cryptocurrency is not centralized and they should let the crypto decide what will happen later.
The idea is very interesting and progressive. Some countries are discussing this issue. But I have some doubts about this. The government disposes of our taxes at its discretion. They certainly take an annual budget, etc. But we can not trust it.
If the country goes over to the official cryptocurrency, then most likely the transactions will be available for viewing to any person. If the money goes not to health care but to the military sector, it will be impossible to hide it. And do you think that at least some government will agree to this? It is necessary to remake the entire economy in the country, and this is the colossal expenditure of money and labor. I don't think that the countries are ready for this.
Venezuela in this case is an instructive example for future.
Bitcoin is sound money. If governments messed up economy they can do the same with their cryptocurrency. It doesn't matter and doesn't make a lot of sense imo. If the country goes over to the official cryptocurrency, then most likely the transactions will be available for viewing to any person. If the money goes not to health care but to the military sector, it will be impossible to hide it. And do you think that at least some government will agree to this? It is necessary to remake the entire economy in the country, and this is the colossal expenditure of money and labor. I don't think that the countries are ready for this.
Venezuela in this case is an instructive example for future.
The idea is very interesting and progressive. Some countries are discussing this issue. But I have some doubts about this. The government disposes of our taxes at its discretion. They certainly take an annual budget, etc. But we can not trust it.
If the country goes over to the official cryptocurrency, then most likely the transactions will be available for viewing to any person. If the money goes not to health care but to the military sector, it will be impossible to hide it. And do you think that at least some government will agree to this? It is necessary to remake the entire economy in the country, and this is the colossal expenditure of money and labor. I don't think that the countries are ready for this.
Venezuela in this case is an instructive example for future.
If the country goes over to the official cryptocurrency, then most likely the transactions will be available for viewing to any person. If the money goes not to health care but to the military sector, it will be impossible to hide it. And do you think that at least some government will agree to this? It is necessary to remake the entire economy in the country, and this is the colossal expenditure of money and labor. I don't think that the countries are ready for this.
Venezuela in this case is an instructive example for future.
If each country come up with a plan to develop its own cryptocurrency then it will surely mark a big change around the globe. Already few countries have created their own cryptocurrency and some were under trial net. On the whole a common asset is a must to valuate each and every other digital currency. For this bitcoin can be considered.
Yes it is good, by having its own crypto currency then the country will fast forward and transact crypto will be easier and the state income will surely increase.
Hopefully this will be realized in every country in this world.
Hopefully this will be realized in every country in this world.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
If every country has its own cryptocurrency, I think that it is impossible for every country to have it first. Only the economy is very strong. And I think this is good news. Bitcoin will be more valuable. Do you think so too?
Issueing a new crypto currency is easy, it doesn't need that much resource as if it's compared to paper money, it will just need bunch of programmer who know how to work with blockchain and create a cryptocurrency, even an individual could make their own cryptocurrency so there's no point of a country not having cryptocurrency when it becomes a trend across the world. Just my prediction is that cryptocurrency will be widely used as secondary national's currency for the effectiveness as a means of value transfer.
That will be good when all country switched to digital form of money i think at some point each country will adopt blockchain technology, money printing is expensive to maintain than blockchain technology.
If every country has its own cryptocurrency, I think that it is impossible for every country to have it first. Only the economy is very strong. And I think this is good news. Bitcoin will be more valuable. Do you think so too?
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.
In the real sense I dont think this will be possible. There are countries whose government are now has established the banning of the usage of cryptocurrencies, and creating one for their own nation is like getting a stone getting a stone and hitting it to their heads. Also I think with a general crypto such as bitcoin being use by all makes the market world wide thus the price value is much higher and could reach higher potentials. I'm curious if every country distributes their cryptocurrencies in this way. What about the nature of the tokens? Is its role to replace cash? Or to commemorate something?
Well I used sovereign bonds as example, most governments do have needs to raise funds from the public what if they adopt the cryptos as a way to raise the funds you get a token thats an asset that can always be exchanged for cash at certain times in the project and it can appreciate or depreciate not necessarily governed by interest rates
It would be a lot like fiat currencies. If each country had its own then the governments would be heavily involved and they would be centralized like current fiat systems. One of the main advantages to cryptocurrencies is the ability to pay any one any way at anytime. You lose a lot of that if with each country having their own.
This certainly would be bad for the currency paper from each country that will be wasted and will not be used again. In addition, if it is indeed going to happen currency certainly crypto could not be controlled in spite of any country. This should not happen and make additional currencies as Crypto only and not the currency of a country.
I think it is very good if every country has its cryptocurrency, there will be clear rules governing if the government has cryptocurrency, and making cryptocurrency better
I'm curious if every country distributes their cryptocurrencies in this way. What about the nature of the tokens? Is its role to replace cash? Or to commemorate something?
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.
It should all come from government decisions on a country. As we know today that the government looks like banning the use of crypto, they assume that crypto is a dangerous thing. I think all we have to do is give a belief to the government that crypto is a necessity. In this increasingly sophisticated era digitalization should be a prime choice because in the future we will face a much more sophisticated era again. Jump to: