Topic: Will governments create their own cryptocurrency that will replace fiat? - page 2. (Read 39306 times)
May 27, 2019, 03:04:47 PM
Maybe in a period of 100 years it is a very long time to predict something because the term has been very far developed so that it is difficult for us to predict if the government will make cryptocurinary currencies, before we have to think about whether or not the cryptocurenncy currency can be think about how the cryptocurinary currency will be in the next 100 years
May 26, 2019, 07:52:35 PM
In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
Anything can in the next 100 years, so much also have happened in the last one hundred years, that we didn't expect to happen so expect the unexpected to happen also in the next 100 years, some of us will not live to see that but I believe there will be one country that's going to start that and we should support that country if it happens. If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
May 26, 2019, 03:22:50 AM
I really think government will create their own cryptocurrency that will replace Fiat. Cryptocurrencies will dominate the world and the government would have no choice than to create theirs which they feel they will have control over. Government actually don't like what they can control. And when the people starts going for things that ain't controlled by the government, government would try to create something similar in order to attract the people.
No, this will not happen for several reasons.First, a significant part of the population does not agree with the fact that they have been deprived of the opportunity to use paper money. This is still the most simple and convenient form of financial calculations.
Secondly, states will always support their national money and never refuse it. The economy can grow with a healthy and reliable financial and credit policy, which will be based on national money. Cryptocurrency can not replace them, because between the cryptocurrency and the economy of any state there is no necessary relationship.
May 26, 2019, 03:21:24 AM
I think every state in the future will create its own digital currency. Although these currencies are similar to Bitcoin, they will not have the same features. The money of the states will surely remain central, and they will not have a decentralized currency such as Bitcoin.
When governments implement this they will have complete control over the currency with the function to revoke transactions and freeze accounts. It is a very scary thing but at least hackers would have a more difficult time with stealing money.
May 26, 2019, 12:36:02 AM
I think in this very fast development, surely payments will be done digitally, especially in the next 100 years, maybe every country will use payment using crypto. rather than the government making digital currencies better to adopt existing crypto
May 25, 2019, 05:26:04 PM
Not now but in very near future they will many say not so soon but i think it will happen sooner than we can expect it we have big adaptation process so it will happen to believe me but int not so easy of course.
May 25, 2019, 05:19:35 PM
I think every state in the future will create its own digital currency. Although these currencies are similar to Bitcoin, they will not have the same features. The money of the states will surely remain central, and they will not have a decentralized currency such as Bitcoin.
When governments implement this they will have complete control over the currency with the function to revoke transactions and freeze accounts. It is a very scary thing but at least hackers would have a more difficult time with stealing money.
May 25, 2019, 05:01:39 PM
I think every state in the future will create its own digital currency. Although these currencies are similar to Bitcoin, they will not have the same features. The money of the states will surely remain central, and they will not have a decentralized currency such as Bitcoin.
It is almost impossible that every state/country will create their own crypto currency. Probably you know PayPal, skrill, neteller are too old virtual currency but still they are missing on a lot of country so how you think every state will allow and even create own currency. May 22, 2019, 09:30:40 AM
I really think government will create their own cryptocurrency that will replace Fiat. Cryptocurrencies will dominate the world and the government would have no choice than to create theirs which they feel they will have control over. Government actually don't like what they can control. And when the people starts going for things that ain't controlled by the government, government would try to create something similar in order to attract the people.
May 22, 2019, 08:38:47 AM
It is unlikely that all states will create their own cryptocurrency. Those who will do this will most likely create something similar to stable coins. That is, it will be the same national money, only in the digital shell. Such a centralized cryptocurrency will be useful for the state, since it will interact with its economy and strengthen it. In fact, it will be a new type of non-cash cash payments.
Such a cryptocurrency will not replace fiat, they will be walking in society at the same time.
Such a cryptocurrency will not replace fiat, they will be walking in society at the same time.
May 22, 2019, 07:06:54 AM
I think every state in the future will create its own digital currency. Although these currencies are similar to Bitcoin, they will not have the same features. The money of the states will surely remain central, and they will not have a decentralized currency such as Bitcoin.
I agree, by following the increasingly advanced technological developments with the presence of digital currencies, of course the government will make its own digital version of the currency. and with a system that is still centralized, the government does not want to lose control
May 22, 2019, 02:23:06 AM
In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
well i do think they will do. Bitcoin has profen that transaction using cryptocurrency is trustable and effective for cross-border country. I do read about rusia going to make their own cryptocurrency, rusia is a big country, i think it would trigger others country to also make their own cryptocurrency. If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
May 21, 2019, 10:59:54 PM
I think every state in the future will create its own digital currency. Although these currencies are similar to Bitcoin, they will not have the same features. The money of the states will surely remain central, and they will not have a decentralized currency such as Bitcoin.
I agree, by following the increasingly advanced technological developments with the presence of digital currencies, of course the government will make its own digital version of the currency. and with a system that is still centralized, the government does not want to lose control May 21, 2019, 04:16:35 PM
I doubt governments would ever make the decision of creating their own cryptocurrencies because most of them are actually not in the support of the use of cryptocurrencies in the first place so how then would then even think of making their own cryptocurrencies.
Well, I think if a government want to create their own crypto currency, it's purely because they don't want to lose their income from their citizen. The government want to their people to use their native crypto currency for daily expense than to let people use Bitcoin which is owned by no country.What do you mean that they will lose their income from their citizen? You know that people pay their taxes to the government right? Even if all of the people in a country starts to use crypto currency, the government can just legalize Bitcoin and make people pay taxes for it, that is not a problem. If the government will be creating a crypto currency, I don't know what they are thinking since that is just a waste of time.
Cryptocurrencies could be a great way to force governments to become fiscal responsible once again and to diminish their size, but for that to happen we need crypto to be adopted all over the world, something that will not be easy.
May 21, 2019, 12:58:34 PM
I think every state in the future will create its own digital currency. Although these currencies are similar to Bitcoin, they will not have the same features. The money of the states will surely remain central, and they will not have a decentralized currency such as Bitcoin.
May 19, 2019, 03:12:22 PM
In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
all possibilities can occur without being able to ensure the development of good or bad developments no one can know but I am sure the development of the crypto currency will be needed in the times and economies of courseIf it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
May 13, 2019, 12:01:40 AM
In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
all possibilities can occur without being able to ensure the development of good or bad developments no one can know but I am sure the development of the crypto currency will be needed in the times and economies of courseIf it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
May 12, 2019, 07:05:27 PM
In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
all possibilities can occur without being able to ensure the development of good or bad developments no one can know but I am sure the development of the crypto currency will be needed in the times and economies of course If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
May 12, 2019, 03:36:44 PM
In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
I think no, government need money that they can control so create decentralized currency is very big mistake. The velocity of money will affect the country's economy so if government cannot control the number of money that spread in the market then it will become big trouble. I learn about it in my university.If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
And they can have various forms - cash, non-cash, or their various combinations. Governments can also issue their own centralized cryptocurrency, which they can fully control and interact with their own money. However, even its own cryptocurrency is unlikely to ever replace cash. Maybe in three hundred years ...
May 12, 2019, 12:14:05 PM
I doubt governments would ever make the decision of creating their own cryptocurrencies because most of them are actually not in the support of the use of cryptocurrencies in the first place so how then would then even think of making their own cryptocurrencies.
Well, I think if a government want to create their own crypto currency, it's purely because they don't want to lose their income from their citizen. The government want to their people to use their native crypto currency for daily expense than to let people use Bitcoin which is owned by no country.What do you mean that they will lose their income from their citizen? You know that people pay their taxes to the government right? Even if all of the people in a country starts to use crypto currency, the government can just legalize Bitcoin and make people pay taxes for it, that is not a problem. If the government will be creating a crypto currency, I don't know what they are thinking since that is just a waste of time.
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