I think every country will have its own sovereign digital currency in the future.
So I think both bitcoin and these sovereign digital currencies will exist, and the whole market will be in positive shape.
Topic: What if every country has its own crypto currency - page 24. (Read 54859 times)
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.
No, it will never happen otherwise the government lose its sovereignty.
Do you remember Strauss-Cahn case? He wanted to make single central bank in Europe nobody cared which country will emit money Britain, France, Italy? They started arguing about it... the best way to solve it was to kill the initiative, that's why this case showed up.
I think this is a probable future eventuality Which seems inevitable somehow, but definitely not in the near future.
At the moment, we are not ready to technically stand for a full calculation of the crypto currency, but the states are already trying to make domestic coins, but the Fiat money is not ready to leave the arena!
This is contrary to the decentralization of cryptocurrencies. If every country in the world has its own crypto, I don't think this is a good trend. Once the state controls crypto, this will make crypto indistinguishable from cash.
The government will not allow this. However, I believe that this is a cool idea. I will refuse the fiat of money. Virtual money will make life easier.
Yeah they won't allow this and as well as the people because not everyone will agree to have a crypto currency as they'll just find this complicated and internet connection isn't available in every place so I guess this will be far to happen. It will take more years to be accepted by everyone.
although that's true but most people have internet connection these days and implementing cryptocurrency may help them become more manageable and more secure depending on which technology they go with. Those who do not have internet connection, they are either living in some village or outcasted from the current system. Our only hope is to help them rise up so they can be included in this wonderful crypto world.
I think it is a good idea as well, but having full crypto and not having fiat cash is not feasible I think. If people will rely totally in crypto, it will be a big impact on our power consumptions.
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.
perhaps implementing blockchain in the current system and then allowing people to use bitcoin or other mode of cryptocurrency. There are numerous government/banks already working on this. Venezuela is one, I believe Russia mentioned something similar but they would just be creating their own cryptocurrency which may or may not help other alts.
In my opinion I don't think it is ethical for every country to have it's own Cryptocurrency because it will only lead us back to the days of fiat money where governments will still be in control and therefore the main purpose of cryptocurrency will not be fulfilled. Cryptocurrency is meant to be your private bank and anonymous.
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.
there's a lot of possible things that might happen. it can grow the the volume of cryptocurrency in the market, and it might be the reason for overcrowding. imagine if every country will have their own crypto, then that crypto is only in demand for that certain country, it will have a limit on its price and also, it might trigger more scam ico. The government will not allow this. However, I believe that this is a cool idea. I will refuse the fiat of money. Virtual money will make life easier.
Yeah they won't allow this and as well as the people because not everyone will agree to have a crypto currency as they'll just find this complicated and internet connection isn't available in every place so I guess this will be far to happen. It will take more years to be accepted by everyone.
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.Some country doesn't agree by bitcoin and they not want bitcoin in their country that's why they banned it. I think it is good but there are more ICO release and many more token do create so there are more added token will be again. The cryptocurrency was for the whole world so why we need to take our own by every country, right?
and of course, when every country have own crypto, it take by government and they didn't agree by it because of the issue on some bank.
When every country has own crypto then it circulate by own country only unlike when the whole world use one crypto world only, it takes for the good circulation.
maybe if every country has its own crypto currency will be created and there is competition price value and but before each country owns and issued a crypto currency itself its status kelegalan it needs to be recognized.
The government will not allow this. However, I believe that this is a cool idea. I will refuse the fiat of money. Virtual money will make life easier.
If that happens that I believe that it'll just be the same with the paper money. In which all countries can just will just repeat the same mistake.
I think it possible. There are a lot of countries thinking about creating their own cryptocurrency. That can make crypto more popular among populations, and help spread crypto all over the world. But it takes many years.
a good idea, but I think it will be difficult. because launching a cryptocurrency is not easy, let alone many countries think that cryptocurrency is an illegal coin. surely it will make it more difficult. the most important thing now is to give a positive impression on cryptocurrency so that more and more people believe in cryptocurrency and support the development.
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 would like to say would not it be better if every country has its own cryptocurrency and in that way, there would probably not be anything like this that sometimes until the price of crypto collides or how because faithfully the country has its own cryptocurrency can raise funds from each country
Certainly isn't possible with so many nations already standing up against cryptocurrencies. Expecting every country to pull off a Venezuela is as good as a daydream.
In the case something along the lines actually happens, the crypto market would be topped by 'national' coins backed by resources of the respective countries and the projects we are witnessing today at mass, might get sidelined real hard.
In the case something along the lines actually happens, the crypto market would be topped by 'national' coins backed by resources of the respective countries and the projects we are witnessing today at mass, might get sidelined real hard.
This certainly will make the former crypto will be even greater because crypto is increasingly tight competition with each other. However, it was later also will be just the same as before where the weak currency will fail to compete and have a low value. but I think it also would not have been possible because the State already has its own currency and it's been their policy provision.
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