What is the difference? - page 3. | Bitcointalksearch.org

zhekinsp

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Quote from: uneng on December 09, 2019, 08:46:19 PM

But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

Mode of transaction is the difference between digital currency and crypto currency,centralized or decentralized they use blockchain for transaction so need miners and time for the transaction to be confirmed.But current existing transaction just on the bank ledgers so there is no actual money transacted.

btcdie

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The government adopted blockchain technology, of course, because none other than in terms of security features, digital money issued by banks is very vulnerable to hacking and randomizing the system. and also if you use blockchain our transactions can be seen by the public, so anyone can track (transparent). The crypto began with decentralization, but the government hated it, so I think the government will make their financial system with blockchain technology but still have full control over the money held by the public. I am surprised that the reason the government hates crypto is because it can help crime easily, one of which is the most prominent act of money laundering. so we will surrender and wait for the government to do all this.

lousie9

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Centralized cryptocurrencies are almost identical to digital currencies but their functions and uses are also different.
such as cryptocurrency, the focus is on the financial system and the value of shares depends on rising dollar prices. while digital currencies are currencies that cannot be regulated by the government or anyone, the ups and downs of digital currencies depend on supply and demand in the market.

isaac_clarke22

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Quote from: FairUser on December 19, 2019, 11:12:14 AM

Quote from: uneng on December 09, 2019, 08:46:19 PM

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

If they accept the cryptocurrency, then surely they will create a cryptocurrency of their own country. And there they can check the entire trading history of people in their country and to control it easily, I don't expect them to do so because if it comes true then all both current altcoins will die

There are already a lot of countries planning to make their own cryptos so that it will be a regulated by their own local government. It's not that far for every country to do it except to those who had decided to ban it.
We got Dubai, Venezuela, Estonia, etc.
I wonder how would people feel that their transaction are visible to their own government.

Reference: https://coinsutra.com/national-cryptocurrencies/

Edraket31

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Quote from: Magkirap on December 19, 2019, 11:14:22 AM

Quote from: Itsmylife on December 15, 2019, 10:31:30 PM

Quote from: zenhu on December 15, 2019, 06:12:21 PM

I think in any goverment they can't replace fiat money, so difficult to change a national currency to be crypto. There are many program cashless with their own currency in every country. I think they just addopt the technology, remember that high volatile cash in value can't be accepted by people.

Cryptocurrencies are created on the principle of decentralization and anonymity, but all governments want to control cryptocurrencies to protect their economies so that they do not now recognize cryptocurrencies. But I think in the future, when blockchain technology is widely used, every community will create a type of cryptocurrency, which they can control, to represent them.

I think in the future most of the countries will take advantage of the capabilities of cryptocurrency and blockchain and i think that government will surely not create their own crypto because it is something they can't control, what will happen is countries will be paper less and they will digitalized their currencies and that's all. i think countries will not make their own cryptos for like what the reply said people will not accept a high volatile currency. In my understanding crypto is a decentralized system while digital currency is like a generalized term for currency whether crypto or fiat that is working through digital techs.

Let's see what will happen in the future, we can't see for now that the government will create crypto on their own, unless and until that time will come that crypto will be fully adopted all over the world, although it will take a lot of time and effort before that will happen. But so far now, most companies are taking advantage to it in creating innovation in the world.

Magkirap

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Quote from: Itsmylife on December 15, 2019, 10:31:30 PM

Quote from: zenhu on December 15, 2019, 06:12:21 PM

I think in any goverment they can't replace fiat money, so difficult to change a national currency to be crypto. There are many program cashless with their own currency in every country. I think they just addopt the technology, remember that high volatile cash in value can't be accepted by people.

Cryptocurrencies are created on the principle of decentralization and anonymity, but all governments want to control cryptocurrencies to protect their economies so that they do not now recognize cryptocurrencies. But I think in the future, when blockchain technology is widely used, every community will create a type of cryptocurrency, which they can control, to represent them.

I think in the future most of the countries will take advantage of the capabilities of cryptocurrency and blockchain and i think that government will surely not create their own crypto because it is something they can't control, what will happen is countries will be paper less and they will digitalized their currencies and that's all. i think countries will not make their own cryptos for like what the reply said people will not accept a high volatile currency. In my understanding crypto is a decentralized system while digital currency is like a generalized term for currency whether crypto or fiat that is working through digital techs.

FairUser

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Quote from: uneng on December 09, 2019, 08:46:19 PM

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

If they accept the cryptocurrency, then surely they will create a cryptocurrency of their own country. And there they can check the entire trading history of people in their country and to control it easily, I don't expect them to do so because if it comes true then all both current altcoins will die

zenhu

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Quote from: Itsmylife on December 15, 2019, 10:31:30 PM

Quote from: zenhu on December 15, 2019, 06:12:21 PM

I think in any goverment they can't replace fiat money, so difficult to change a national currency to be crypto. There are many program cashless with their own currency in every country. I think they just addopt the technology, remember that high volatile cash in value can't be accepted by people.

Cryptocurrencies are created on the principle of decentralization and anonymity, but all governments want to control cryptocurrencies to protect their economies so that they do not now recognize cryptocurrencies. But I think in the future, when blockchain technology is widely used, every community will create a type of cryptocurrency, which they can control, to represent them.

Crypto not the solution for them to protect the economies. The goverment have bank to control, protect economy in country. Money still the same for the future with its inflation in every single year, and crypto have highly volatile which is can't be acceptable. They just can using the tech to improve.

TheClownSong

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Quote from: Itsmylife on December 15, 2019, 10:31:30 PM

Quote from: zenhu on December 15, 2019, 06:12:21 PM

I think in any goverment they can't replace fiat money, so difficult to change a national currency to be crypto. There are many program cashless with their own currency in every country. I think they just addopt the technology, remember that high volatile cash in value can't be accepted by people.

Cryptocurrencies are created on the principle of decentralization and anonymity, but all governments want to control cryptocurrencies to protect their economies so that they do not now recognize cryptocurrencies. But I think in the future, when blockchain technology is widely used, every community will create a type of cryptocurrency, which they can control, to represent them.

In my opinion the government wants to control cryptocurrency because of several factors. One of them is so that cryptocurrency does not interfere with the dominance of fiat money and also to get taxes from cryptocurrency transactions. I think the Government will recognize cryptocurrency sooner or later because technological development cannot be dammed by anyone

Itsmylife

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Quote from: zenhu on December 15, 2019, 06:12:21 PM

I think in any goverment they can't replace fiat money, so difficult to change a national currency to be crypto. There are many program cashless with their own currency in every country. I think they just addopt the technology, remember that high volatile cash in value can't be accepted by people.

Cryptocurrencies are created on the principle of decentralization and anonymity, but all governments want to control cryptocurrencies to protect their economies so that they do not now recognize cryptocurrencies. But I think in the future, when blockchain technology is widely used, every community will create a type of cryptocurrency, which they can control, to represent them.

leatutz

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Quote from: uneng on December 09, 2019, 08:46:19 PM

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

We know what is the main target of digital cash. Any time and any moment we can make any coin and currency. If government create their own currencies that government can't let this use to free so that anyone can't see. Government can't let this happen in any country.

zenhu

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I think in any goverment they can't replace fiat money, so difficult to change a national currency to be crypto. There are many program cashless with their own currency in every country. I think they just addopt the technology, remember that high volatile cash in value can't be accepted by people.

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Quote from: bittick on December 11, 2019, 09:55:24 PM

Quote from: nutriagrigia on December 10, 2019, 02:35:07 PM

for me, it doesn’t matter at all whether the government will accept cryptocurrency or not. I understand that even if this does not happen, cryptocurrency will still be a very powerful tool in the future world. just without the adoption of cryptocurrency at the state level, the price increase will take a little longer, but it will be anyway

im not sure if that will happen without the support from the government and regulators. we know that the regulators become the main factor for the adoption of crypto in every countries. look at canagian countries and the adoption is very smooth compared with the countries are banning crypto right now.

That is just an illusion, it may seem as regulators have the control because people still believe in the government and their fiat currency, but what it is going to happen when that is no longer the case? We see this all the time, there are many countries that after their fiat currencies show how weak they were people began to try to look for all kind of alternatives to protect themselves and when the fiat currency system that we have in place finally falls people are not going to care about regulations anymore.

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Quote from: upyem2k on December 15, 2019, 03:09:03 AM

I doubt if the government of any country can adopt cryptocurrency as their legal tender in the country. The maximum they can do is to adopt the blockchain technology in solving some paramount problems. Adoption of cryptocurrency will make them lose the power to monitor monetary policies in the country and no country can afford that.

True, every country really needs to monitor their monetary policy, so if you want to adopt cryptocurrency, you have to be able to sort it out, while things to monitor monetary policy are also needed by each country.

upyem2k

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I doubt if the government of any country can adopt cryptocurrency as their legal tender in the country. The maximum they can do is to adopt the blockchain technology in solving some paramount problems. Adoption of cryptocurrency will make them lose the power to monitor monetary policies in the country and no country can afford that.

naikturun

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bitcoin is not centralized, the government cannot regulate it unless they have control of the crypto, of course they are worried, which is why the Chinese government makes their own digital currency, apart from bitcoin and they are in full control.

maxreish

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It is still an issue for some government to actually fully allow cryptocurrency. It's not easy and other government thought that cryptocurrency will be a threat to their own currency.

On the other hand, Digital cash vs centralized cryptocurrency were both transacted onlines but still have difference. Cryptocurrency has an encrytion data like transactions and work out in blockchain. If you want to read further how those two were different from each other, you may want to read an explanation about it, here.

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Quote from: nutriagrigia on December 10, 2019, 02:35:07 PM

for me, it doesn’t matter at all whether the government will accept cryptocurrency or not. I understand that even if this does not happen, cryptocurrency will still be a very powerful tool in the future world. just without the adoption of cryptocurrency at the state level, the price increase will take a little longer, but it will be anyway

im not sure if that will happen without the support from the government and regulators. we know that the regulators become the main factor for the adoption of crypto in every countries. look at canagian countries and the adoption is very smooth compared with the countries are banning crypto right now.

Lecam

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Quote from: uneng on December 09, 2019, 08:46:19 PM

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

If the governments are adopt bitcoin many people can't use bitcoin because there is a lot of people that don't know how to use cellphone or a computer and many are in poor area that have no internet connection. So government can not Force all people to use cryptocurrency. And the different i think cryptocurrency have transaction and no identity you can send it all wallet as you can. But in digital have also transaction but we cannot send at a time.

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There are lot of differences between digital cash and cryptocurrency. One will be central controlled with limited access while crypto related is open to public, transparent and secure

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