Topic: Why Governments Will Create Their Own Cryptocurrencies (Read 1525 times)
Im pretty sure they wont,why as the coin each country has ,banks as governments always control it above or down the way they like ,soo with a crypto with a country inside would just end the crypto history of decentralized coin,soo the coin would have value... as no interest of no one to get them.
This belongs in the Altcoin section.
Haha yea except a centralized gov't coin is pointless. Why not just use excel or mysql? What's the point of using "blockchain technology" if you take out the decentralized nature of the world wide ledger that can be reviewed or audited by anyone? A centralized blockchain could go back in and change previous blocks relatively easily compared to real cryptocurrencies.
There are lots of altcoins that are centralized. some with high capitalization. For me that are not really coins, just some crypto tokens being being distributed.
No Government will ever create a Proof of Work coin, end of discussion.
If they create Alts and stop Bitcoins on their countries with the intention to have more control on crypto money maybe the Bitcoin volume will increase even more. The world is globalized, connected and Bitcoin might be like dollars; The base of the network economy. We maybe do not like it but if dollar falls, the global economy falls because of globalization. Same with Bitcoin
I doubt the government will create a Cryptocurrencies as bitocin, because Cryptocurrencies as bitocin can't be control by government.
They could easily if they controlled the system that runs the coin.
how they can control a decentralized(so not controllable) system? it sounds like an oxymoron
at best they could limit it to a certain degree
their own cryptocurrency will be some fancy centralized stuff that we already know, and that aim at steal the bitcoin demand
I doubt the government will create a Cryptocurrencies as bitocin, because Cryptocurrencies as bitocin can't be control by government.
They could easily if they controlled the system that runs the coin.
Canada tried this. They held a contest called the "Mint Chip Challenge". They asked "What can you do with Mint Chip?". The number one answer was "Buy Bitcoins". So they canceled the contest and picked a runner up. 
http://en.wikipedia.org/wiki/MintChip
http://en.wikipedia.org/wiki/MintChip
yes, in Canada we dont use Mint Chips, we like our chips "all-dressed"
sorry, Canadian humor
http://www.seriouseats.com/2012/10/all-dressed-chips-from-canada-humpty-dumpty.htmlanyway, governments all want in on the digital monies thing, and we could see a move to a cashless society facilitated by centralized digital fiat, they have been talking about it for a while now. Basically it will just make it easier for people to get their head around BTC. If they are using a Govt approved crypto anyways the jump to a decentralized user-controlled one would be that much easier. Even though most money used these days is digital anyways (credit and debit cards, bank transfers) most plebes cant seem to get comfortable with the concept of digital property/currency/value-transfer. Sometimes it takes Big Brother to lead the babies by the hand until they learn to walk on their own.
They're gonna want to compete, and fail miserably, hehe 
Can't see good comin out of governments taking blockchain technology...... They will try to make people believe their blockchain is more legit than bitcoin!!! 
Can't see good comin out of governments taking blockchain technology...... They will try to make people believe their blockchain is more legit than bitcoin!!! 
Govt. like to keep tabs on their citizens all the time and if they initiate a cryptocurrency system they won't be able to do that. The fiat system is working fine for them, they don't need a crypto.
Wait, I thought Bitcoin was an NSA honeypot?
LADIES AND GENTLEMEN WE HAVE BEEN MISLED!
LADIES AND GENTLEMEN WE HAVE BEEN MISLED!
If this comes to pass, see it starting in either China, North Korea or one of the African countries (where control is still more tightly held). I dont see the Western world doing this, err let me correct that, I don't see the Western world STARTING this would be the more correct statement.
Canada tried this. They held a contest called the "Mint Chip Challenge". They asked "What can you do with Mint Chip?". The number one answer was "Buy Bitcoins". So they canceled the contest and picked a runner up.
http://en.wikipedia.org/wiki/MintChip
http://en.wikipedia.org/wiki/MintChip
We seem to be on our way to cashless society.
An imaginary tyrant could use centralized crypto currency to reach fantastic (and scary) goals, total control over people being just one of them.
Many would argue what they would create wouldnt be a true crypto currency. You can safely say no government would be capable of creating something they have no control over. Thats like trying to not breathe for alive people.
We seem to be on our way to cashless society.
An imaginary tyrant could use centralized crypto currency to reach fantastic (and scary) goals, total control over people being just one of them.
Well, if I was to guess I would say first would be either the U.S.A. or China.
Then comes Russia and probably Germany too follow.
I would put China first.
Do you think CPC would create an army(currency) that they couldn't control? In the country where the CPC controls everything?
I don't understand what you mean.
If they are going to make their own cryptocurrency it will be centralized.
So how will they be unable to control it?
I bet they will make the first centralized cryptocurrency in history
They will take over network & won't confirm our transaction if we don't put specific fee
They will take over network & won't confirm our transaction if we don't put specific fee
More like they will be able to control everyones finances.
Which is what they are after.
Yeah, cryptocoins with a public ledger are more suitable for them rather than cash.
It is hard for them to trace cash.
I bet they will make the first centralized cryptocurrency in history
They will take over network & won't confirm our transaction if we don't put specific fee
They will take over network & won't confirm our transaction if we don't put specific fee
More like they will be able to control everyones finances.
Which is what they are after.
I bet they will make the first centralized cryptocurrency in history
They will take over network & won't confirm our transaction if we don't put specific fee
They will take over network & won't confirm our transaction if we don't put specific fee
Nope.
Someone else claimed that title....
It's called: Ripple
Been around for years too...
We seem to be on our way to cashless society.
An imaginary tyrant could use centralized crypto currency to reach fantastic (and scary) goals, total control over people being just one of them.
Well, if I was to guess I would say first would be either the U.S.A. or China.
Then comes Russia and probably Germany too follow.
I would put China first.
Do you think CPC would create an army(currency) that they couldn't control? In the country where the CPC controls everything?
I don't understand what you mean.
If they are going to make their own cryptocurrency it will be centralized.
So how will they be unable to control it?
We seem to be on our way to cashless society.
An imaginary tyrant could use centralized crypto currency to reach fantastic (and scary) goals, total control over people being just one of them.
Well, if I was to guess I would say first would be either the U.S.A. or China.
Then comes Russia and probably Germany too follow.
I would put China first.
Do you think CPC would create an army(currency) that they couldn't control? In the country where the CPC controls everything?
We seem to be on our way to cashless society.
An imaginary tyrant could use centralized crypto currency to reach fantastic (and scary) goals, total control over people being just one of them.
Well, if I was to guess I would say first would be either the U.S.A. or China.
Then comes Russia and probably Germany too follow.
I would put China first.
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