Topic: What if every country has its own crypto currency - page 4. (Read 54870 times)
Every country has its own Crypto coin, I think it will be very difficult to happen. There are many problems related to the world of Cryptocurrency. At present, the government is still very difficult to give permission for cryptocurrency distribution. But if Crypto is illegal in my country, I think the economy will get better and reduce unemployment.
National cryptocurrencies are not needed. They can just issue normal money and the community builds stable coins upon those normal bills.
If every country goes for their own cryptocurrency then I must say crypto will lose its popularity and uniqueness like the typical money! I think just bitcoin should be accepted as a global digital currency, that will be enough for every country! Creating plenty of crypto coins will not help any country or crypto industry and people will get confused too! This is just my personal view!
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.
Not a very good idea, I think the market price of that crypto will not be that good, and we need that every people will surely appreciate cryptocurrency. It is not just to create a crypto and implement it, we need people to use it.
When I was a newbie and not yet active here way back 2013 if I remember there were attempts from other regions to create their own cryptocurrency for their own people, and they will airdrop it by providing their ID it was not successful because there is no product and platform involved on it, it just become a pump and dumb coin.
I think this will be very difficult to come to reality. Countries of the world having their own crypto will be like changing the current world order and financial system that has been established for more than five centuries, I think this won't be an easy task.
I am agree. In our current economic system, growth determined by money supply and inflation. If goverment issuing their own crypto, there is must have limited supply and i think its not good for growth. Its not an easy task but if government issuing their own crypto, i prefer call it as digital money because still controlled by central banks and there is must be no limited supply
It would be very interesting and also increase the real world adoption but I don't think the governments will support this idea.
This is not possible mate. Many countries are banned and announced cryptocurrency illegal, crypto is a volatile digital currency, So I don't think any country would create a volatile currency because that can affect the governments! Cryptocurrency is not accepted by the SEC, even if it goes under regulation, Countries will not create their own currency, maybe they will accept bitcoin or other currency widely!
I do want every country to at least accept the idea of using cryptocurrency legally. But not in the way that each country will make its own crpyto for this sake.
I agree on this one. I think there is more than enough cryptos out there to make this idea happen.The event that will occur if each country has its own crypto, there will be no competition between countries because all countries can already be independent in terms of the economy so that there are no more countries that need assistance from other countries.
all countries that have their own crypto do not necessarily become independent. that's just a form of changing money used, from fiat to crypto digital. it makes the transaction more attractive. and maybe transactions between currencies of different countries can be done quickly. 
if every country has its own digital currency then it will grow a system that is so extraordinary. that means there will be many countries that have good support for digital currencies. I am sure that someday more countries will have digital currencies. in calculations that digital currency is something that is needed in the future, there will be a change of time and we must be a part of it.
I think this will be very difficult to come to reality. Countries of the world having their own crypto will be like changing the current world order and financial system that has been established for more than five centuries, I think this won't be an easy task.
The event that will occur if each country has its own crypto, there will be no competition between countries because all countries can already be independent in terms of the economy so that there are no more countries that need assistance from other countries.
If countries start having their own cryptocurrencies, probably stable coins, then mainstream adoption is certain. But this is almost impossible because it has many implications. The government authorities will always oppose this. A bank in the US was closed for allegedly supporting Venezuela's PETRO, that is to show you the extent these centralized authorities can go to hinder this. I will be extremely glad if this happens, but for now, it remains a fallacy.
I don't think that's bad. It's just that every country will have a stable crypto that people can use. But it seems to me that people will not change decentralized crypto to centralized one.
You know, this makes sense and a great opportunity for each country. In my opinion, if each country had its own currency, this would help many countries become more successful than they are now and achieve a high standard of living for their citizens. The fact is that the old system has already led many countries into a dead end and into debt. A cryptocurrency would help dump this burden and give a new breath of fresh air for the development of all industries. Indeed, launching your own cryptocurrency is a great idea and an opportunity primarily for ordinary people, but I’m sure that we will soon know how it will be.
I recently became interested in a new crypto project Sound Money Coin whose creator is a mathematician who is keen on the Austrian School of Economics. I learned a lot of new things about the financial system of the world and how it can be in a mathematical model. I hope that ideas can translate ideas into the project Sound Money Coin!
Even if each country create own crypto currency the people will can get that crypto only if is backed up by real money and even so each country will put to much fee on this which i not like at all.
It would be very interesting but unfortunately useless.. Every country have their own currency right but if they start cyrpto money everything would turn worthless. All cryptocurrency coins would lost and we would loose the blockchain mentality forever.
every country has its own crypto coins, I think that's a good thing. this indicates that mass adoption has taken place. but in reality there are still many countries that still refuse for various reasons.
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