What would be the benefits of a government doing this? Which ones are likely to try first? Would you want to buy into this currency?
Government will not start its own cryptocurrency, it wants to take the control all about cryptocurrencies. So they start a war on cryptos because they cant stop crypto world in all areas of the world. So they want to control crypto world. 
Topic: Why would a government start it's own cryptocurrency? (Read 296 times)
What would be the benefits of a government doing this? Which ones are likely to try first? Would you want to buy into this currency?
A governments coins is going to be a wonderful one and i will expect that type of coin to actually appreciate in price in no time.government coin will also help in expanding seriously cryptocurrency all over the world. the third world countries will benefits from the advert of cryptocurrencies by adopting or create they own coins using blockchain technology and break the effect of dollars on there economic.You're probably right. Lets face it, crypto is booming right and would likely be an essential part of the future. That's why a lot of countries are open as well to the notion of incorporating it to their local markets. In the long run it can boost an economy effectively
to control cryptocurrencies
The point of crypto currency is decentrynized and the governmental crypto currency is ... surprize, will be centralized. That's why a little number of people would buy it and that currency won't be popular.
It's simple. they see it as if they have there own crypto then they can take a slice of the pie.
It would not surprise me if we started seeing gov backed coins that will directly link to banks in the future
It would not surprise me if we started seeing gov backed coins that will directly link to banks in the future
What would be the benefits of a government doing this? Which ones are likely to try first? Would you want to buy into this currency?
The benefits the government will get is that they can put taxation on it. They can regulate the flow of it. I've heard that Israel is trying to create their own crypto. Nah I wouldn't because it loses it's meaning.
to get the technological benefits of cryptos without threatening their own currency
which government?
never mind - they're all lazy and stuck in old ideas...
never mind - they're all lazy and stuck in old ideas...
wont go with a centralized govn system
its highly risky buying into govn stuff....cuz dre wont b centralized
I see them making tethered currencies to get the technological benefits of cryptos without threatening their own currency
just to av control over the masses
I see them making tethered currencies to get the technological benefits of cryptos without threatening their own currency.
Cause otherwise if a govt makes crypto it will automatically devalue their current currency by a lot which will be bad for their economy in short term. Which is a gamble i dont see any politician taking.
On a different but related note, Mankind first seems to be forming a global govt with crypto early stage but im really interested to see how its going to go.
Cause otherwise if a govt makes crypto it will automatically devalue their current currency by a lot which will be bad for their economy in short term. Which is a gamble i dont see any politician taking.
On a different but related note, Mankind first seems to be forming a global govt with crypto early stage but im really interested to see how its going to go.
Bitcoin and other cryptos seems to be a treat to government that's why they would want to do their own cryptocurrency
They will sort of be able to control it. Also, they don't want their citizens to use other cryptos such as Bitcoin, Ethereum, Monero and such. They would prefer their people to adopt a country crypto. I believe China will do something similar in the near future.
Control is the main idea of government involvment in cryptocurrency. If you are watching the news the USA government is working to control the value just for the fight of decentralization.
just bcus dey want to scam d masses
just to have countrol over money supply
No, the crypto from government wont be decentralized, and all the transaction will be supervised, it is impossible for the government create a crypto so that you can hide your transaction, and the government think that crypto can make the country economic become better
Blockchain technology will be the future for real currency
Since nature resources like gold keep depleting, the currency basic will be seriously affected once not more natural resources to mine and support the currency
Blockchain and cryptocurrency, and also the crypto mining technologies will be the solution in future to overcome the problem of real world mining system which backing a country currency
Since nature resources like gold keep depleting, the currency basic will be seriously affected once not more natural resources to mine and support the currency
Blockchain and cryptocurrency, and also the crypto mining technologies will be the solution in future to overcome the problem of real world mining system which backing a country currency
They still want to retain some sort of control over finances. I don't think these should be crypto, since these are fiat in all but name. Most governments would want eventually stop printing cash and just have digital versions of their fiat. No expense minting those, not to mention they'd have more control of the banking industry. Imagine, they can simply lock your bank account and you're done.
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