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Bitcoin => Press => Topic started by: hv_ on July 22, 2019, 06:53:54 AM



Title: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: hv_ on July 22, 2019, 06:53:54 AM

https://www.asiacryptotoday.com/iran-announces-gold-backed-national-cryptocurrency

So now US want rather to allow Libra ?

 :D


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: LeGaulois on July 22, 2019, 12:14:53 PM
Iran already wanted to launch its own crypto, Old news from July 2018 Gold-Backed Cryptocurrency Launched by Iranian Banks: Report (https://www.coindesk.com/gold-backed-cryptocurrency-launched-by-iranian-banks-report) I don't see much explained in the article. it talks only about Trump, the US Vs Iran, Trump, and again Trump. The central bank approved the issuance and nothing else explained.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: stompix on July 22, 2019, 04:07:56 PM
I miss the old days when newspapers were really made out of paper. I need to get a printer to enjoy the satisfaction of wiping my ass with these articles....

Anyhow, as LeGaulois mentioned they reheat the soup every month with articles like this one:
https://www.tehrantimes.com/news/431950/Getting-around-sanctions-with-crypto-rial

Quote
Meanwhile, as an oil producer with an oil-reliant economy dominated by petrodollars, Iran settled on the plan to utilize cryptocurrencies and blockchain technology to make up for any drop in oil revenues due to the economic sanctions designed to cut its oil sales.

Moving on the same track as China, Russia and Venezuela, Iran also hopes that blockchainization of state-backed fiats would lead to the demise of the dollar and put an end to the tyrant U.S. policies.

At least they've got that part right, they move in the same direction as Venezuela.

Again, they fail to understand something just like a lot of users here, Iran could sell its oil for sheep, goats, panda bears, tacos, candy bars, seashells, GoT figurines or used underwear, their problem, like with the Petro is that nobody wants to buy oil using that currency.

Currently, with all the sanctions China is buying oil, why would they use a coin that is controlled by Iran?
They are not stupid, unlike the Iranian leaders.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: Naida_BR on July 22, 2019, 05:27:06 PM
With all those incidents in that happen in Hormuz, their would be always a challenging situation between Iran and the US.
Having said that, if Iran will be in favor of bitcoin then I would not be surprised if I see positive comments from Trump side with regards of Libra and Facebook, even if those two projects are totally different.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: NeuroticFish on July 22, 2019, 05:58:46 PM
The only currency of Iran the world "respects" is oil. That crypto, if will ever come to life, will be a state-backed crypto, meaning something much worse than Libra, something less reliable than Libra could ever be. And believe me, I don't like not trust neither FB, nor Libra.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: cr1776 on July 22, 2019, 07:37:45 PM
Sounds like the garbage the Venezuela was peddling with their Petro.

State backed crypto is just fiat that uses buzzwords from bitcoin etc to help separate the gullible from their money.  Like Libra.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: hugeblack on July 23, 2019, 01:34:20 PM
It's news for news or picks words to attract readers.
Iran has narrow access to the US dollar, so the use of decentralized currencies makes sense but is not real.
Linking currencies to gold is a sign of what the United States did in 1970 to separate the dollar from gold and a bond of promises.
If Iran wants to link crypto to certain assets, it will choose oil rather than gold.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: Theb on July 23, 2019, 01:52:00 PM
The only currency of Iran the world "respects" is oil. That crypto, if will ever come to life, will be a state-backed crypto, meaning something much worse than Libra, something less reliable than Libra could ever be. And believe me, I don't like not trust neither FB, nor Libra.


If the authorities are already against a billion dollar company-backed crypto what more are their opinions and actions be if they see that one of their enemy states are building their own cryptocurrency? They won't let this be sold in US just like what they are doing now to establishments accepting US citizens illegally, they'll do anything just to stop this cryptocurrency from being available in their own market.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: TheWolf666 on July 23, 2019, 02:01:48 PM
Iran, Venezuela, and China, Russian, India... we are heading to national cryptocurrencies.
Then they will outlaw all the crypto that are not national.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: Slow death on July 23, 2019, 02:26:36 PM

https://www.asiacryptotoday.com/iran-announces-gold-backed-national-cryptocurrency

this is a very bad article, they did not post links from sources of the government of iran to search if this news is true or not, curiously neither on cointelegraph.com and coindesk.com said nothing about this news. Which leads me to question the truth of this news

So now US want rather to allow Libra ?

 :D

scammers are taking advantage of the situation:

Facebook and Instagram Now Have a Problem With Scam Libra Ads (https://cointelegraph.com/news/facebook-and-instagram-now-have-a-problem-with-scam-libra-ad)




Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: joelsamuya on July 23, 2019, 03:24:45 PM


In my own opinion, Iran is just wasting time and resources in launching its own cryptocurrency. In the first place, any cryptoconcurrency that is backed and issued by the government is not actually cryptocurrency -- okay maybe fake or pseudo-cryptocurrency can be its category. And the only way it can be popular and be used widely is if the government will be imposing it to its own people. All the factors or features of a a real cryptocurrency can never be found with state-released digital money even if the whole thing is backed by real gold or whatever.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: Vishnu.Reang on July 23, 2019, 03:35:26 PM
How practical is this? Iran doesn't have any large gold deposits and the central bank gets most of the yellow metal from other countries. Also, the Iranian gold reserves have fallen during the past few months. I am afraid that the Iranian gold backed cryptocurrency will end up just like the petroleum backed cryptocurrency of Venezuela.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: enhu on July 23, 2019, 03:45:25 PM

https://www.asiacryptotoday.com/iran-announces-gold-backed-national-cryptocurrency

this is a very bad article, they did not post links from sources of the government of iran to search if this news is true or not, curiously neither on cointelegraph.com and coindesk.com said nothing about this news. Which leads me to question the truth of this news


Didn't bother to put some sources of their news, so its more like a clickbait. But spreading fake news as well. 

If true however, Iran must be in the very good position to advance itself in the crypto economy. They've be the first to do it and will probably have the chance to grow economically that they wouldn't have to resort to sea piracy.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: Naida_BR on July 23, 2019, 04:25:03 PM
Sounds like the garbage the Venezuela was peddling with their Petro.

State backed crypto is just fiat that uses buzzwords from bitcoin etc to help separate the gullible from their money.  Like Libra.

I agree that those currencies are just shitcoins, but we need those initiatives in order more people will start learning about cryptos.
National currencies can help us reach mass adoption or bring new investors to the market.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: Ozero on February 25, 2020, 05:58:41 AM
The only currency of Iran the world "respects" is oil. That crypto, if will ever come to life, will be a state-backed crypto, meaning something much worse than Libra, something less reliable than Libra could ever be. And believe me, I don't like not trust neither FB, nor Libra.
I do not think that national stable digital coins of states will be useless. Soon almost every state will have its own stable coin, and I see nothing wrong with that. It will be the same national currency, only in digitized form. It will combine the possibilities of currency and cryptocurrency. Stable state coins will compete with a decentralized cryptocurrency as a means of payment, however, at the same time, they will contribute to its distribution.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: cr1776 on February 25, 2020, 04:56:04 PM
Centralized crypto backed by a physical asset that can be seized? What’s the point?  I’ll answer that question - I think the point is to capitalize on buzzwords and control their citizens.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: Thekool1s on February 25, 2020, 10:27:51 PM
Centralized crypto backed by a physical asset that can be seized? What’s the point?  I’ll answer that question - I think the point is to capitalize on buzzwords and control their citizens.

Exactly, TBH I don't see what's the point of all these Gold backed and other "backed" cryptocurrencies, One order from a government and puff it's all confiscated, locked away and resold to the highest bidder... Also, why would anybody trust Iran at the end of the day to ensure the Physical asset is being indeed backed and the currency isn't being printed out of thin air like FIAT. These attempts are a joke! and TBH I dunno why this thread wasn't deleted, The Article itself is clickbaity. The article didn't have any sources to back what it talked about and we didn't even get a date for when this will be available to the public. All I read was contradicting information from start to finish... Pathetic reporting tbh...


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: bbc.reporter on February 26, 2020, 12:32:53 AM
@Thekool1s. The point? I reckon it is always greed. I do not know how their gold backed cryptocoin scam works, however, it always ends on more wealth for themselves and less for their people.

The Iran government does not want an unseizable cryptocoin that cannot be taken down. It wants to scam similar to how those ICO scammers scam.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: Kounter on February 28, 2020, 12:51:06 AM
Cryptocurrency with government support - the path to gaining independence in the international space


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: borya.kapustin.79 on March 27, 2020, 09:09:42 AM
Good news ) Cryptocurrency BTC comes into the life of the new million people )


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: leoagro on March 27, 2020, 01:55:36 PM
This is absolutely the right decision for Iran, and other countries should do the same.


Title: Re: [2019-07-22] Iran Announces Gold Backed National Cryptocurrency
Post by: kami2k on March 28, 2020, 04:36:53 AM
lets see when they will start that after conva recovery