Topic: Will countries or central banks create their own cryptocurrency? - page 9. (Read 3239 times)
July 08, 2018, 06:08:56 PM
Several countries have begun to make use of the blockchain understanding its value over the traditional system. Some were under development, in few countries teams were initiated to research about the true need of blockchain technology for the successful financial solution.
July 08, 2018, 06:03:50 PM
Most of the powerful banks like Goldman Sachs have a fear of the disappearing value of fiat money has created their coin cryptocurrency to compete with bitcoin, so far no country alone has made its cryptocurrency, the USA is making progress towards this.
June 30, 2018, 05:08:38 AM
The Central Bank will certainly issue its own cryptocurrency. This is their territory and will not be easily transferred to the cryptocurrency.
Of course, they can always create their cryptocurrency and most of them are really doing it right as this very moment. But its not that see at it seems. I don't think that it can get enough traction from its people because what most of us wanted is a decentralized coins, not any coins that they have the ability to control and track us down. Its fun to really central banks trying to put down bitcoin and other crypto but loves blockchain technology because they want to take advantage of and used it to have their own cryptocurrency.
June 30, 2018, 03:23:55 AM
The Central Bank will certainly issue its own cryptocurrency. This is their territory and will not be easily transferred to the cryptocurrency.
June 30, 2018, 03:15:27 AM
Yes, most likely it could happen. Cryptocurrency is the advancement of the Age and Technology, If a country and a Central bank do not follow it, then they will miss it. then Cryptocurrency has developed rapidly, of course this news will affect them, to immediately create cryptocurrency.
In my opinion, they are already working on it. Maybe not everyone is talking about it openly, but they are definitely doing it. Only then will it be possible to call it a cryptocurrency if the idea of its creation was to become independent from banks.
June 29, 2018, 05:50:58 PM
States will issue their own centralized digital currency. They do not have any sense in issuing crypto currency, which they can not manage. This is quite logical. Most likely, they will issue digital analogues of their national money and these digital money will go along with national conventional money. I think it will be pretty good. It will be possible to take advantage of both types of money. Of course, centralized crypto currency will also be completely public, anonymity in it will be minimal, but at the level of peer-to-peer operations, I think it will remain. In any case, we will retain the right to choose what kind of crypto currency to use - centralized or decentralized.
Cryptocurrencies created and backed by a state are becoming a reality since Venezuela created their own and it is possible some other countries do the same but what they do not seem to understand is that we are not investing in this market just because someone had an idea to create a new term like cryptocurrency, we are here because we finally have independence from them and their useless fiat. June 29, 2018, 08:46:16 AM
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.
Currency in every countries are already existing since they have their own economy. They are using traditional currency or the currency of there ancient that can help their daily needs in life.
June 29, 2018, 08:37:20 AM
Yes, most likely it could happen. Cryptocurrency is the advancement of the Age and Technology, If a country and a Central bank do not follow it, then they will miss it. then Cryptocurrency has developed rapidly, of course this news will affect them, to immediately create cryptocurrency.
June 29, 2018, 06:58:37 AM
it seems like it could happen because I see a lot nowadays from the bank trying to make its own cryptocurrency but it can all succeed when the coin they make has a very useful usage.
June 29, 2018, 05:55:08 AM
Somehow they can do that, if the trend became the essential in the future like todays fiat money maybe they will create a crypto that will be the flag bearer of a particular county in crypto world and I guess bitcoin will be the international monetary for cryptocurrency still.
They have the power to do that but they won't gamble their business to something decentralized by adopting a coin that they don't have the authority to control it.They can create their own cryptocurrency but it can be a stable coin which is not volatile for the sake of their business and customers. It will be a digital currency if they do that but there's no need for them to do it, they have online banking and adoption of blockchain is what they only need to do.
June 27, 2018, 11:16:26 AM
Probably if they would make a decision to create some kind of worldwide united, cryptocurrency and manage it, or the other option is just to accept the existing.
June 27, 2018, 08:43:13 AM
It seems extremely unlikely to me that central banks and governments will want to give up control over money issuance. It is possible that some may introduce some form of digital currency, perhaps even using blockchain - but it will be controlled and permissioned.
June 27, 2018, 08:40:00 AM
it seems that it could happen if the country or bank has a desire and some concept to develop the technology they will make their own cryptocurrency and I have also seen some banks that make cryptocurrency itself.
June 27, 2018, 08:00:45 AM
Are the countries or central banks generating their own electronic money? We still can not say at the present time they have a lot of interests they do not like the electronic money they like the paper money they have
June 27, 2018, 08:00:27 AM
Somehow they can do that, if the trend became the essential in the future like todays fiat money maybe they will create a crypto that will be the flag bearer of a particular county in crypto world and I guess bitcoin will be the international monetary for cryptocurrency still.
June 27, 2018, 07:51:20 AM
I think they're going to have to try and create their own cryptocurrencies because as time goes on people are going to move away from using banks in general. I mean, it took me three weeks to send money somewhere once, what kind of bullshit is that? I had to pay fees as well, to wait three weeks to be allowed to use my money the way I wanted.
June 27, 2018, 07:13:19 AM
While governments are wary of creating their own crypto currencies. They have not yet decided on the general policy in the crypto market and what consequences for them can from its development.
June 27, 2018, 06:07:50 AM
This is possibility as some already working on it and few can do in near future but this could be not P2P as they are not controlled they will go with currencies on blockchain platforms that are permissioned and that can be controlled.
June 20, 2018, 06:57:24 PM
Depending on the thinking of the bank, it will have an impact on the bank if they make a crypto currency on behalf of their bank. Maybe that would be their last resort in making a crypto currency if they had lost competitiveness by another crypto currency.
June 20, 2018, 06:42:34 PM
As the future of cryptocurrency hopes to be decentralized, it will never be a surprise if countries and banks seeks to play an integral role in this digital currencies. As it stands now some countries have taken the steps in creating their digital currencies and that is a good sign that with time it will come to pass. My only concern will be that, for sure will this digital currencies by countries and banks not be subject to the same issue of our national currencies?
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