Topic: Will countries or central banks create their own cryptocurrency? - page 23. (Read 3216 times)
February 16, 2018, 04:21:18 PM
It is possible to happen. In the future countries like China or other communist country would have the time to established their own cryptocurreny where they could manage and control. The main reason is decentralization and power control. Most of countries want full adaptation of bitcoin or cryptocurrency where they could implement tax and established as system on regulation.
February 16, 2018, 02:56:55 PM
Yes, and with each month they will all be longer. Here's an example - in August last year, the Swiss bank UBS in conjunction with Clearmatics Technologies created a new crypto currency, which he called "utility settlement coin"
February 16, 2018, 02:52:08 PM
Crypto-Currency can't be stopped and governments know about it, and they also know most part of their citizens don't know much about it and that they can be easily manipulated. So there isn't any difficult in creating a centralized local Crypto-Currency and telling the people that "it is like Bitcoin, but much better, because it's regulated/protected by the country's laws".
I don't think it's good, but as you can see, many people ask for regulations and more regulations, always celebrating when a new one is approved by a government. So governments can do what they want, in parcery with banks, and in the end there will be a lot of people applauding these ideas.
I don't think it's good, but as you can see, many people ask for regulations and more regulations, always celebrating when a new one is approved by a government. So governments can do what they want, in parcery with banks, and in the end there will be a lot of people applauding these ideas.
February 16, 2018, 02:33:30 PM
You should watch the show Mr Robot. In the season 2 it goes full crypto, and there is a way of governments vs Bitcoin. The script predicts what I was predicting myself, and that is, a future in which governments want to control 100% what you do with no possible notions anymore for privacy, except they didn't count with bitcoin delivering financial freedom.
They have a cryptocurrency (developed by E Corp) that is closed source and they control everything and they hate Bitcoin since it bursted their Orwellian dream's bubble.
Whoa.. Mr.Robot seems to be the new fap - material They have a cryptocurrency (developed by E Corp) that is closed source and they control everything and they hate Bitcoin since it bursted their Orwellian dream's bubble.
To the OP, countries have already started to create their own coins but who gives a shit. It will never come close to bitcoin due to obvious reasons. There ain't no shit to worry about.
February 16, 2018, 12:54:10 PM
You should watch the show Mr Robot. In the season 2 it goes full crypto, and there is a way of governments vs Bitcoin. The script predicts what I was predicting myself, and that is, a future in which governments want to control 100% what you do with no possible notions anymore for privacy, except they didn't count with bitcoin delivering financial freedom.
They have a cryptocurrency (developed by E Corp) that is closed source and they control everything and they hate Bitcoin since it bursted their Orwellian dream's bubble.
They have a cryptocurrency (developed by E Corp) that is closed source and they control everything and they hate Bitcoin since it bursted their Orwellian dream's bubble.
February 16, 2018, 08:32:38 AM
No for sure for now, this will not happen in the near future, most of the people cannot use even computers, how can they use cryptocurrencies? But this will happen ultimately.
Of course, now the full substitution of Fiat for cryptocurrency looks fantastic enough. But everything can change in the course of even a very short time, provided a certain scientific breakthrough in the field of personal computer technology.
Fiat, even with how primitive it is, isn't actually available to everyone around the world. So if governments would decide, they can very well create their own crypto coin based on blockchain tech. Of course these coubtries would have to first accept that crypto is here to stay and they can make ways to benefit from it
February 16, 2018, 08:21:36 AM
I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.
Correct. It will grant governments more control over people's wealth than ever before, so it's in their advantage to come up with their own crypto currency sooner than later. Imagine how governments will then be in a position where they could just freeze your balances at any time of the day, or give you an instant haircut in case they think it is justified to take that amount from you. Governmental theft and barbary will be upped to the next level that goes beyond all human rights. People are muppets and cash cows of the government already, but with their heavily centralized garbage, people will be pushed into a deeper hole of slavery. One must be stupid to participate in a system like this. Bitcoin is an easy and directly the best possible way to obtain financial freedom, and to finally actually own all your value.
February 16, 2018, 08:10:46 AM
As soon as the tech will be scaled enough and it will allow them to create their own cryptocurrencies, I am rather sure that the banks will create their own cryptocurrencies. After that, the Armageddon for Bitcoin & Altcoins would be likely unleashed by the big banks in cahoots with givernments.
February 16, 2018, 07:59:15 AM
No for sure for now, this will not happen in the near future, most of the people cannot use even computers, how can they use cryptocurrencies? But this will happen ultimately.
Of course, now the full substitution of Fiat for cryptocurrency looks fantastic enough. But everything can change in the course of even a very short time, provided a certain scientific breakthrough in the field of personal computer technology.
February 16, 2018, 05:48:06 AM
No for sure for now, this will not happen in the near future, most of the people cannot use even computers, how can they use cryptocurrencies? But this will happen ultimately.
Of course, now the full substitution of Fiat for cryptocurrency looks fantastic enough. But everything can change in the course of even a very short time, provided a certain scientific breakthrough in the field of personal computer technology.
February 16, 2018, 05:28:58 AM
No for sure for now, this will not happen in the near future, most of the people cannot use even computers, how can they use cryptocurrencies? But this will happen ultimately.
February 16, 2018, 05:21:19 AM
Possibly, but cryptocurrencies at layer1 are quite slow at those kind of tx levels unless you want to sacrifice decentralization.. and since i imagine they don't really care much for decentralization they may just be better off using ripple or some derivative of it or an alternate solution in the future.
February 16, 2018, 04:31:00 AM
I don’t think that the tax payers of any sane country would see a good business case in expending billions of dollars on random numbers.
Central banks already have their own ‘blockchain’ technology through the IBS, and have for quite some time, and won’t start to become involved in a pyramid scheme.
Central banks already have their own ‘blockchain’ technology through the IBS, and have for quite some time, and won’t start to become involved in a pyramid scheme.
February 16, 2018, 04:27:36 AM
A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?
February 16, 2018, 03:20:24 AM
A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?
I doubt about it. Creating a cryptocurrency would originate from the blockchain technology, which in fact cannot be regulated. By this, it's like the government is contradicting their own platform against a currency that cannot be regulated. But this is highly debatable and depends upon the conditions of the government with their stand against cryptocurrencies. For example, Japan has been keen and supportive towards bitcoin and I believe that they are developing an international process of payment that relies on bitcoin as its basis.
February 16, 2018, 03:15:30 AM
Zimbabwe, Venezuela and Sudan have taken the lead of countries to launch their cryptocurrency. How many others that will join we will see.
February 16, 2018, 03:12:53 AM
they had to change their regulation first, as we know, world bank play as role to control modern banks. but for me is impossible, because they need certainties from bitcoin community
February 16, 2018, 02:49:38 AM
A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?
It doesn't matter whether the government creates a digital currency or crypto currency. What matters is whether the currency is decentralized or not. This is not something which they will be keen on - why would they want to cede control to the masses? So a government created crypto/digital currency will be subject to the same old failings as the existing fiat currencies.
February 16, 2018, 02:43:23 AM
Yes, now we have official crypto of Kazakhstan, Belarus has already legalized crypto and the next step will be creating their own currency. Also Russia together with National bank is preparing rules for crypto, and will create it's own crypto-rubl. Karbovanec in Ukraine(not sure it's official currency, but i'm sure that government has it's own interest in this crypto).
That's why, the Banks would be involved in crypto, because they don't interesting in losing such a big profit.
That's why, the Banks would be involved in crypto, because they don't interesting in losing such a big profit.
February 16, 2018, 02:20:57 AM
I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.
japan already planning about this one thats why some of the japanese investors pullout their money in bitcoin because they want to have japanese coin. Jump to: