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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Furryball on December 30, 2019, 05:29:15 AM



Title: Central bank coins vs crypto space coins
Post by: Furryball on December 30, 2019, 05:29:15 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?



Title: Re: Central bank coins vs crypto space coins
Post by: Bttzed03 on December 30, 2019, 06:54:52 AM
1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
They will be stable coins that's backed by each central banks national currency. From what I know so far, they won't be traded on exchanges. They will have a spefic use case and will not be subject for speculations unlike crypto coins with open blockchains (btc, eth, ltc, etc.) so do not expect to profit from them.

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4. Will regulations still come after this?
Obviously, no. Central banks will have government approval before proceeding with these coins.


Title: Re: Central bank coins vs crypto space coins
Post by: Novatech8 on December 30, 2019, 07:13:39 AM
Central banks digital currencies will definitely be stable coins, this is why facebook's Libra is having a hard time, 2020 will be the year of CB coins and this will open the eye of many into crypto atleast, I think coins like LTC and the rest will be left the way they are, do not expect any kind of regulation


Title: Re: Central bank coins vs crypto space coins
Post by: knuckey on December 30, 2019, 07:37:14 AM
I think central bank coins will be worth the same as fiat currencies, with a ratio of 1:1 (not necessarily usd, maybe it could be euro, yuan or other) based on the country or region that created the coin.

Why is this trend just made when halving bitcoin or the 4-year cycle that always triggers bullish for all cryptos? Why now or not from the previous year they created central bank coins, I think they will take advantage of the hype.


Title: Re: Central bank coins vs crypto space coins
Post by: Henrytrust on December 30, 2019, 07:44:20 AM
If the government choose to join the cryptocurrency space, they could start by launching their own tokens which should be a more stable crypto and have the back up of the government. It would be much more preferable, if the tokens could be exchanged for other cryptocurrencies in the secondary market.


Title: Re: Central bank coins vs crypto space coins
Post by: zeze18 on December 30, 2019, 07:49:13 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?



1. I'm sure it must be stable coins because it's controlled by the banks and the banks created it. No matter how big the demand will be , the banks will always create the supply because it's the same with crypto that have limited supply.


Title: Re: Central bank coins vs crypto space coins
Post by: shinratensei_ on December 30, 2019, 07:49:21 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?



1 They will be stable coin and backed by fiat. they will never be security token.
2 That will never happen because they have already reserved the fiat money to backed them all to create the stabilization and remove the volatility.
3 They will just use that as a payment system for the digital store and create tx over the world use that digital crypto.
4 It will not come for crypto (expected light regulation but still not sure about that ) but the regulation for bank's crypto will actually come.


Title: Re: Central bank coins vs crypto space coins
Post by: stadus on December 30, 2019, 08:49:51 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?

It's gonna be a stable coin , they will print when they need to, just the norms in our current monetary system now.


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2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
I'll skip this one, it's related to question no 1.

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3. Maybe people will just use them as a plus since it's from the government?
What do you mean by "use them as a plus"?
elaborate please....

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4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?
When we say government, that means centralized and regulated... so YES it will be regulated and they are not only gonna regulate their own but all the coins in the market, centralized or decentralized as all coins needs an exchange.



Title: Re: Central bank coins vs crypto space coins
Post by: duuuuude on December 30, 2019, 09:56:38 AM
I think that ahead is a test of these innovations. At the moment, I do not see the prospect of the need for cryptocurrency for ordinary citizens who make good use of electronic and paper fiat. Blockchain in banking systems is good but banks never do anything at a loss.


Title: Re: Central bank coins vs crypto space coins
Post by: xZork on December 30, 2019, 10:43:00 AM

1. These new Central Bank coins are they going to be stable coins or not?

I think they will be stable currencies backed by the gold or cash of the nation itself.
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?

If it is not a stable currency I guess it will be very difficult to attract investors, then it is no different from an ICO or IEO today.
3. Maybe people will just use them as a plus since it's from the government?

Yes, the only plus is that it was issued by a reputable organization.


Title: Re: Central bank coins vs crypto space coins
Post by: tabas on December 30, 2019, 10:49:56 AM
1. These new Central Bank coins are they going to be stable coins or not?
It is likely that they will. The central banks wouldn't go for something with currency that is unstable.
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
I don't think so, they will not have that urge to make a decentralize coins. They don't have a control with if if they does, we know how bank works and they wouldn't get on it if they have unsure results.
3. Maybe people will just use them as a plus since it's from the government?
It could be, as long as there's an approval from them.
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?
Everything that will be related to cryptocurrency will shall be covered by regulation if they have made rules to regulate it.


Title: Re: Central bank coins vs crypto space coins
Post by: tenakha on December 30, 2019, 11:01:00 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?
I am sure that coins created by governments or central banks will be a different stablecoin than these market rules. Because this is already at the level of governments and a much more serious step, and obviously will be used somewhere. Otherwise, being decentralized makes it volatile, and that volatility can ruin the government's economy.


Title: Re: Central bank coins vs crypto space coins
Post by: shiming on December 30, 2019, 11:26:20 AM
The central coin is definitely a stablecoin. Countries are now studying cryptocurrencies. I think there will be stablecoins in various countries in the future. I don't know which country will launch it first. Relative laws and regulations are currently being planned, otherwise there will be too many cryptocurrency scams. People are relatively convinced of the government, but for inflation. I am more concerned about Bitcoin development.


Title: Re: Central bank coins vs crypto space coins
Post by: avikz on December 30, 2019, 11:31:32 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?

These are just digital representation of the central bank issued currency. For example, if you can buy a McDonald's burger at 4 USD in fiat, same things can be bought by 4 EUSD.

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2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?

These are stable coins, so holding these coins would not fetch any profit.

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3. Maybe people will just use them as a plus since it's from the government?

Insted of carrying your wallet, you can carry your money in your mobile phone. That's convenient!

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4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

Yes, regulation similar to cash currency will also apply to it. However, it wil become very transparent to the government and they will be able to monitor every single transaction that happens using e-currency. So the scope of cryptos are not reducing. People who wants to use cryptos as a currency or as an investment, will continue to do so!


Title: Re: Central bank coins vs crypto space coins
Post by: Juggy777 on December 30, 2019, 11:49:26 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?



@Furryball of course those coins created by central banks will be stable coins, because they’re Fiat money wrapped in a new avatar. I don’t know who’ll be foolish enough to dump their crypto’s for Fiat coins, because these stable coins will never be able to generate high returns that crypto’s can generate if you hodl them. As for the 3 and 4th question government may provide some incentives to people for using it, and they’ll be regulated same way Fiat money is regulated.


Title: Re: Central bank coins vs crypto space coins
Post by: Thomas-s on December 30, 2019, 11:54:25 AM
I think that all these coins of central banks will not be needed by anyone because they are centralized and will not differ from ordinary money. Our money will also not be safe, so this is a common attempt to deceive people using trends. banks see a danger in cryptocurrency and I think that the creation of their stable coin can save them, but this will not happen


Title: Re: Central bank coins vs crypto space coins
Post by: Lion BItcoin Shop on December 30, 2019, 12:01:07 PM
in my opinion, all goverment currency will be stable coin, and must be stable coin 1 = 1 with national currency, but if the rate of national currency fail, the coin price will be fail too.
ofcourse all people must use it, but people still have other option like the booming of e-money right now. people can use national e-money or other option.
and i think the regulation will not come easily, goverment will use "private blockchain" like IBM service, goverment still afraid with super computing computer where can crack private key easily from public key ( of course this issue not happen right now)


Title: Re: Central bank coins vs crypto space coins
Post by: Dickiy on December 30, 2019, 12:04:12 PM
if indeed the central bank coin is a coin stabile it should still follow the rules explained in the coin speculation! where did you get the source? and if they are not stable, the price will be damaged because the market moves according to the interests of sellers and buyers, not with economic movements, which we know is stable stable with the country's currency, before I continue, please include your source.


Title: Re: Central bank coins vs crypto space coins
Post by: moviebuff777 on December 30, 2019, 12:05:18 PM
I expect them to be stable coins, but will they be like government fiat currency where they can print more at anytime? Stable would imply that they retain value compared to something, maybe the US dollar. But the US dollar is inflationary, so it’s value decreases over time. Hard to see how this plays out.


Title: Re: Central bank coins vs crypto space coins
Post by: Furious 7 on December 30, 2019, 12:06:08 PM
1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
They will be stable coins that's backed by each central banks national currency. From what I know so far, they won't be traded on exchanges. They will have a spefic use case and will not be subject for speculations unlike crypto coins with open blockchains (btc, eth, ltc, etc.) so do not expect to profit from them.


So the coins will indeed be stable and cannot be traded on the exchange? is that true, it means there is no partner to btc, eth etc.
Maybe central bank coins will be used only for transactions or used in applications that they apply in their region, but I don't know which bank has set up their own coins.


Title: Re: Central bank coins vs crypto space coins
Post by: mcnocon2 on December 30, 2019, 12:11:47 PM
Most of the coins created by central banks will be stablecoins and backed by their own currency. So its the same like fiat papers, there is no difference at all. They can print all they want if they are short on funds. The true meaning of cryptocurrency and blockchain is that it is centralized, I don't want this generation to be backed again by centralization and governance.


Title: Re: Central bank coins vs crypto space coins
Post by: dimonstration on December 30, 2019, 12:19:06 PM
Most of the coins created by central banks will be stablecoins and backed by their own currency. So its the same like fiat papers, there is no difference at all. They can print all they want if they are short on funds. The true meaning of cryptocurrency and blockchain is that it is centralized, I don't want this generation to be backed again by centralization and governance.
But government have their ways to control and manipulates it, that's why we see many backed alts or centralised currencies now. As much as we can utilise the use of both currencies then it's fine since we can't control the government who implements banning of decentralised coins like bitcoin since they have no control over it.


Title: Re: Central bank coins vs crypto space coins
Post by: btcdie on December 30, 2019, 12:34:50 PM
Fully the central bank makes its own coins is nothing but to take a face to the public at the current crypto trend, there is no striking difference, it will definitely make a stable coin by placement on fiat or gold and so on. The real crypto is "decentralization", so my opinion about the launching of central bank coins might later be able to help / as an exchange party in certain regions or just as a store of value. if there is no difference with fiat, why make coins stable?
Yaps, honestly I prefer to see the development of the famous Bitcoin and Altcoin at this time. maybe if banks start adopting, Crypto will be known by various directions.


Title: Re: Central bank coins vs crypto space coins
Post by: crzy on December 30, 2019, 12:55:43 PM
Centralized coin kills the purpose of cryptocurrency and I don’t want to see the government creating their own coin because its a way for them to control their people again. Cryptospace doesn’t need any government coin, we already have bitcoin and many good altcoins, i wish for the government to focus on that.


Title: Re: Central bank coins vs crypto space coins
Post by: desticy on December 30, 2019, 01:04:31 PM
Coins of central banks will be stable coins and perform the function of digital analogues of various national currencies.
In fact, this is a transition to a new digital era, in which already unsecured money will be only binary code and numbers on the screen. This is much easier to control.


Title: Re: Central bank coins vs crypto space coins
Post by: oktana on December 30, 2019, 01:46:54 PM
regulations will remain formal and set the digital value of central bank coins to remain stable, they only make changes to the efficient use of them electronically.

the logical thing I'm thinking about is that they can legally replace various crypto stable coins with their own coins. Cryptocurrencies will continue to trade as usual, but their role will be far more central with an active policy on each exchange that provides support for cooperation.


Title: Re: Central bank coins vs crypto space coins
Post by: VDraci on December 30, 2019, 02:14:31 PM
Central bank digital coins are stable coins that wont offer anything than just means of payment and 1:1 with fiat currency of each country, finally the world is going digital and guess what? It's just the beginning of better crypto adoption rate


Title: Re: Central bank coins vs crypto space coins
Post by: zulfi125 on December 30, 2019, 02:16:23 PM
If Central banks will come in the crypto industry this will be a good sign for the crypto industry,
1- this will be a stable coin
2- As you know sable coin worth remains $1 and not changed so this will be profit and loss features if it will be converted into other cryptocurrencies.
3- People will use it due to Govt. Coin
4- Other coins will be regulated if concern GOVT. wants to regulate them.


Title: Re: Central bank coins vs crypto space coins
Post by: Ken_terrance on December 30, 2019, 02:19:29 PM
If Central banks will come in the crypto industry this will be a good sign for the crypto industry,
1- this will be a stable coin
2- As you know sable coin worth remains $1 and not changed so this will be profit and loss features if it will be converted into other cryptocurrencies.
3- People will use it due to Govt. Coin
4- Other coins will be regulated if concern GOVT. wants to regulate them.
Other coins may never be regulated but since all Govt coins are going to be stable coins then it thus make sense to regulate some coins like ripple but they will have to exclude decentralized coins like bitcoin


Title: Re: Central bank coins vs crypto space coins
Post by: CodyAlfaridzi on December 30, 2019, 02:27:35 PM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?
1I haven't read about them but probably yes. If it's not stable then it must be some kind of security instead of currency. I don't see why the central bank would issue a new digital currency instead of making a digitalized system of the national currency. Why would people use it anyway? The main value of cryptocurrency is that it shouldn't have a central governing body. It should be decentralized. That's the thing that makes Bitcoin compelling in the first place.


Title: Re: Central bank coins vs crypto space coins
Post by: bittick on December 30, 2019, 02:33:56 PM
Central bank digital coins are stable coins that wont offer anything than just means of payment and 1:1 with fiat currency of each country, finally the world is going digital and guess what? It's just the beginning of better crypto adoption rate
That's true but that depends on how crypto developers can take it as a big advatage for them all. Remember not so many DeFi has made working product. That means we must need more DeFi with real working product to create a gateway to the digital currencies


Title: Re: Central bank coins vs crypto space coins
Post by: Xcode7 on December 30, 2019, 02:37:44 PM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?


This is all just our hope and for sure we want something stable, and the best for cryptocurrency. But here we see a limitation due to the role of the government, but hopefully it will not be a factor that causes instability that has an impact on falling prices and falling markets.


Title: Re: Central bank coins vs crypto space coins
Post by: V1saya on December 30, 2019, 02:40:54 PM
If there is a Central Bank coin then I assume it will be a stable one. Central Banks are owned by government. Rules exist but they will be created by the Central Bank itself.


Title: Re: Central bank coins vs crypto space coins
Post by: pikkie on December 30, 2019, 02:46:00 PM
although like that I think there are still few banks that use cryptocurrency because maybe they don't want to take the risk because some time ago they said they didn't support cryptocurrency but would make their own coins that are stable and use blockchain technology which means this can also be said to be cryptocurrency.


Title: Re: Central bank coins vs crypto space coins
Post by: jhontwis on December 30, 2019, 03:17:05 PM
Central banks must protect the value of their money. It has the power to take many measures. In normal economies, they can lower or raise bank interest rates. Central banks in the blockchain economy may lose their power. In other words, the means to intervene in the economy may be limited.


Title: Re: Central bank coins vs crypto space coins
Post by: mrdeposit on December 30, 2019, 03:29:31 PM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
You can make an addition like this to the first question: with what assets these stablecoins will be backed up, created by central banks? Because it is almost certain that they will be stablecoins. So, will the bank that wants to get rid of the paper money create stablecoin based on it again? Or will it be gold or something? The second option seems more appropriate.


Title: Re: Central bank coins vs crypto space coins
Post by: Obito on December 30, 2019, 05:14:30 PM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
Of course they will be stable coins. Banks are centralized they wouldn't go further from what they are. They will be going to create a coin in which would be as close to what a centralized banks has to offer.
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2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?

It will be added to a bunch of coins out there in the market. Just because banks have created a coin which fits the function of what crypto currency are that doesn't mean crowd would going to pay their into such coin.
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4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?
A never ending regulations, of course!


Title: Re: Central bank coins vs crypto space coins
Post by: Bharathi13 on December 30, 2019, 05:18:58 PM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
>Yes they will be stable coins based
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
~They will be stable coins because it will help go government to do audit easily.
3. Maybe people will just use them as a plus since it's from the government?
~ Yes people's will use them as plus since it's from government means it will be more secure. Also it will open window of opportunity for developers around world building wallets and other products for such central coins.
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?
~ In so many contries still there are unclear regulation about cryptocurrencies and the government are still working on clear set of regulation.


Title: Re: Central bank coins vs crypto space coins
Post by: ATSgrowth on December 30, 2019, 05:20:31 PM
Central bank coins promises stability, but the problem is that they promise. Like the whole bank system exist on a lie, we need finally solutions that can´t be owned and managed by central authority.


Title: Re: Central bank coins vs crypto space coins
Post by: Greatchu on December 30, 2019, 05:33:17 PM
1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
They will be stable coins that's backed by each central banks national currency. From what I know so far, they won't be traded on exchanges. They will have a spefic use case and will not be subject for speculations unlike crypto coins with open blockchains (btc, eth, ltc, etc.) so do not expect to profit from them.


So the coins will indeed be stable and cannot be traded on the exchange? is that true, it means there is no partner to btc, eth etc.
Maybe central bank coins will be used only for transactions or used in applications that they apply in their region, but I don't know which bank has set up their own coins.
We need to wait and see how things will go with Central bank coins and crypto coins but i am sure the central bank coins can only be used for means of payment, will surely be backed by fiat too nothing more


Title: Re: Central bank coins vs crypto space coins
Post by: stephanirain on December 30, 2019, 05:43:51 PM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?



Cryptocurrencies made by central banks are more likely to be easily be manipulated to favor their business over market. They might as well make amends with the government for favorable regulations. They will also more likely to be stable coins. The blockchain technology can revolutionize the market but it can also be used to make only some capitalist businesses take more control over the market. Hopefully, things can work out and they can be fair with their clients.


Title: Re: Central bank coins vs crypto space coins
Post by: target on December 30, 2019, 05:45:02 PM
Yes, regulation similar to cash currency will also apply to it. However, it wil become very transparent to the government and they will be able to monitor every single transaction that happens using e-currency. So the scope of cryptos are not reducing. People who wants to use cryptos as a currency or as an investment, will continue to do so!

I guess this still going to be used for surveillance and we will have to submit our data when we are going to be using it.  There wouldn't be a choice though if your country will start to impose a new law for this digital currency to effectively be accepted by merchants and to people.

There might not be a chance for those who hasn't yet submit to KYC for the first time to exchange to hide. If they own a digital currency issues by central bank and then bought BTC on exchange he will be then traced.


Title: Re: Central bank coins vs crypto space coins
Post by: mobilestrike on December 30, 2019, 05:50:50 PM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?


My observations are saying that these coins will be backed on their state currency so the question of stability skips here because it will have the same fluctuation in price as in the states local currencies which rely on the economy of the state. Then it is right that many people will have trust on it and will not worry to put their money in them but for decentralization and for profit from the price they will also not leave the coins of crypto space. Regulations may come after this in the favor of central bank coins but due to decentralization of crypto space coin people will also not have any problem in adopting the current cryptocurrencies.


Title: Re: Central bank coins vs crypto space coins
Post by: Febo on December 30, 2019, 05:51:53 PM
Yes, regulation similar to cash currency will also apply to it. However, it wil become very transparent to the government and they will be able to monitor every single transaction that happens using e-currency. So the scope of cryptos are not reducing. People who wants to use cryptos as a currency or as an investment, will continue to do so!

I guess this still going to be used for surveillance and we will have to submit our data when we are going to be using it.  There wouldn't be a choice though if your country will start to impose a new law for this digital currency to effectively be accepted by merchants and to people.

There might not be a chance for those who hasn't yet submit to KYC for the first time to exchange to hide. If they own a digital currency issues by central bank and then bought BTC on exchange he will be then traced.

Any transparent ledger coin is a surveillance coin. And all of them are wet dreams of George Orwell 1984 novel. We gave up a lot of privacy in last 50 years. I am surprised people plan to give even more.  Although we all read what that will bring us.


Title: Re: Central bank coins vs crypto space coins
Post by: Argoo on December 30, 2019, 07:01:52 PM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?


My observations are saying that these coins will be backed on their state currency so the question of stability skips here because it will have the same fluctuation in price as in the states local currencies which rely on the economy of the state. Then it is right that many people will have trust on it and will not worry to put their money in them but for decentralization and for profit from the price they will also not leave the coins of crypto space. Regulations may come after this in the favor of central bank coins but due to decentralization of crypto space coin people will also not have any problem in adopting the current cryptocurrencies.
That's right, own coins of various states will be issued in the form of stable coins. It will be just their ordinary money digitized. Therefore, their price will always correspond to the price of their domestic money. In the future, various combinations of stable money among themselves are also possible. Of course, they will not bring profit, but will be used primarily as a means of payment.


Title: Re: Central bank coins vs crypto space coins
Post by: jacafbiz on December 30, 2019, 07:11:23 PM
I am not surprise by the interest and the level of development of Stable coins by Central Banks, when you heard what Largade said about stable coins recently I believe they see it as a big threat to their system and power. We need to wait any see how the development of their own coin is going to be, but I have a feeling this could be the end of some failed national currencies because barrier to access most of their strong currencies would have been removed


Title: Re: Central bank coins vs crypto space coins
Post by: bittraffic on December 30, 2019, 07:33:15 PM


I hope the exchanges will pair these central bank coins though this will make it easy for anyone even a student can invest in crypto with just a phone with them.  We will be using this central coins everyday but we can also shift from central bank coin to crypto any time just like trading. There is a big difference between the two but central bank coins will help the adoption of crypto since its all digital.



Title: Re: Central bank coins vs crypto space coins
Post by: jameshugo17 on December 30, 2019, 10:07:14 PM
Central banks can transfer money via blockchain. But what if they build a blockchain-bound order? I don't think it's good for states. What about mining? These aspects don't make much sense. I think the states will be facing this market for a long time.


Title: Re: Central bank coins vs crypto space coins
Post by: ashmodeus on December 30, 2019, 10:29:19 PM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.
1. These new Central Bank coins are they going to be stable coins or not?
i dunno , as long it can be controlled by them, its fine for them,because the point is totaly being controled.

2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
well , it depend, depend about their regulations of that assets,i am sure,if that become true,its not make too much effect on crypto space,its not freedom u know,its centralized.

3. Maybe people will just use them as a plus since it's from the government?
Maybe people avoid it because it's from goverment.

4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?
i have no idea.


Title: Re: Central bank coins vs crypto space coins
Post by: boris singer on December 30, 2019, 11:02:04 PM
the government only makes one stable and controlled coin, this will not affect other coins, except for each coin that is filtered to enter a centralized crypto ecosystem that obeys some rules such as coins in Binance and Huobi US. I think their goal is not just for this, but how coins can be used as digital money and crypto money in the same economic path. Will not influence each other because it is only as a pair of trading and payment.


Title: Re: Central bank coins vs crypto space coins
Post by: Johnyz on December 30, 2019, 11:11:56 PM
If they created a fair coin that can benefit more its people, then I will support it but if the central bank still controls the financial system when there’s no freedom at all, then it will be hard to support it. Cryptocurrency alone is better and faster banks should understand this one and instead of creating a new coin better to support bitcoin.


Title: Re: Central bank coins vs crypto space coins
Post by: Teraboy on December 30, 2019, 11:45:58 PM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?


My observations are saying that these coins will be backed on their state currency so the question of stability skips here because it will have the same fluctuation in price as in the states local currencies which rely on the economy of the state. Then it is right that many people will have trust on it and will not worry to put their money in them but for decentralization and for profit from the price they will also not leave the coins of crypto space. Regulations may come after this in the favor of central bank coins but due to decentralization of crypto space coin people will also not have any problem in adopting the current cryptocurrencies.
That's right, own coins of various states will be issued in the form of stable coins. It will be just their ordinary money digitized. Therefore, their price will always correspond to the price of their domestic money. In the future, various combinations of stable money among themselves are also possible. Of course, they will not bring profit, but will be used primarily as a means of payment.
let's just take a look at how some online payment gateways just like VISA and MS have already used by some DeFi in the crypto to be integrated on it to create a payment gateway for the crypto users. that is really possible to happen with those digitized fiat money too. The developers don't need to think even more difficult about how to deal with the fiat money in the best way as the government will make it becomes digitized.
Crypto will get so many advantage in the future as that make money can be connected to the crypto easily.


Title: Re: Central bank coins vs crypto space coins
Post by: Bttzed03 on December 31, 2019, 02:47:27 AM
1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
They will be stable coins that's backed by each central banks national currency. From what I know so far, they won't be traded on exchanges. They will have a spefic use case and will not be subject for speculations unlike crypto coins with open blockchains (btc, eth, ltc, etc.) so do not expect to profit from them.
So the coins will indeed be stable and cannot be traded on the exchange? is that true, it means there is no partner to btc, eth etc.
Maybe central bank coins will be used only for transactions or used in applications that they apply in their region, but I don't know which bank has set up their own coins.
Here's an example of a bank issued stable coin https://www.bworldonline.com/unionbank-launches-stablecoin-phx-for-use-on-its-blockchain-platform/
It's not a central bank but you can already see how these centralized coins will be used exclusively.


Title: Re: Central bank coins vs crypto space coins
Post by: hello_good_sir on December 31, 2019, 02:49:38 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?



1. Absolutely. Their values will likely be pegged to the fiat currency of the country that issues it, there is no way around it. Otherwise, they wouldn't issue the coin in the first place.
2. Firstly, they won't be anything but stablecoins. But if they were to be somehow unpegged from fiats it would still not be worthwhile to dabble in these coins because they provide no extra value.
3. Perhaps the mainstream, probably not actual crypto users.
4. Yes, absolutely. But it will likely be in the form of restrictions rather than regulations.


Title: Re: Central bank coins vs crypto space coins
Post by: yulionoo on December 31, 2019, 03:12:36 AM
of course these central bank coins will become stable and fully controlled coins by the government. and these central bank coins will not be included in the exchange. but until now I have not heard and seen a country that has officially made its own crypto and released it. So far we have only heard the issue of making crypto but in reality there is still no government-made crypto that has really circulated in the community. if friends already know about crypto bank that has been released, share information.


Title: Re: Central bank coins vs crypto space coins
Post by: JeotQ on December 31, 2019, 06:58:43 AM
Government will always find a way to strip people naked of their money for their own gain, i think we will see huge manipulation from the government, to say the truth i really don't want their involvement at all but since crypto space needs regulations badly nothing can be done about it


Title: Re: Central bank coins vs crypto space coins
Post by: jossiel on December 31, 2019, 09:08:00 AM
4. It will be used by the central banks so regulation will be of no question. Regulation will occur not just for this kind of coins but it will be for the whole crypto regulated by that country. Remember that regulation depends on the country you're living.

If there's no regulation, then it will be the centralized coins made by the government which will be regulated and the rest will follow.


Title: Re: Central bank coins vs crypto space coins
Post by: leea-1334 on December 31, 2019, 11:07:34 AM
I guess this still going to be used for surveillance and we will have to submit our data when we are going to be using it.  There wouldn't be a choice though if your country will start to impose a new law for this digital currency to effectively be accepted by merchants and to people.

There might not be a chance for those who hasn't yet submit to KYC for the first time to exchange to hide. If they own a digital currency issues by central bank and then bought BTC on exchange he will be then traced.

There will always be a choice. Yes,,, you may have to be forced to submit information, but now with new privacy laws you can also request the government to delete your information. this is only applicable to European laws now, but one day it may also apply universally. I have nothing to hide and so I usually will give my KYC info if I really need the site,,, but if it comes to a site I do not need, I will seldom ever give anything.


Title: Re: Central bank coins vs crypto space coins
Post by: romanij on January 06, 2020, 08:39:36 PM
These coins will be a common substitute for fiat money and they will be under the control of the States. Of course, this will have its advantages, since we will be able to make money transfers between countries without difficulties. But there is no question of decentralization. She won't be here. Most likely, some cryptocurrencies will disappear after the appearance of national cryptocurrencies.


Title: Re: Central bank coins vs crypto space coins
Post by: bdivrik on January 06, 2020, 10:58:28 PM
The central bank is the most important actors in the economy. The power to print money is in their hands. I think central banks are very cautious towards this sector. Because an innovation they can initiate may cause them to lose power.


Title: Re: Central bank coins vs crypto space coins
Post by: TastyChillySauce00 on January 06, 2020, 11:06:31 PM
Cryptocurrencies made by central banks are more likely to be easily be manipulated to favor their business over market. They might as well make amends with the government for favorable regulations. They will also more likely to be stable coins. The blockchain technology can revolutionize the market but it can also be used to make only some capitalist businesses take more control over the market. Hopefully, things can work out and they can be fair with their clients.
Well if the central banks want to deploy and release their own stablecoin the blockchains system that is implemented to the coin will certainly be a lot more centralized and by that the blockchain will lose its nature of irreversible transaction as well as the anti manipulation. Basically just the same as the current system the bank currently has and yes that's pretty much sums up what'll happen in the future.


Title: Re: Central bank coins vs crypto space coins
Post by: Bonwin on January 06, 2020, 11:43:52 PM
@Furyball, you have good information there, but I do not know where the bank is situated and neither how and when to join, a source would have ben appreciated. Therefore, if central bank issues hers, that does not stop others from achieving their set goal.


Title: Re: Central bank coins vs crypto space coins
Post by: Google+ on January 06, 2020, 11:48:27 PM
Cryptocurrencies made by central banks are more likely to be easily be manipulated to favor their business over market. They might as well make amends with the government for favorable regulations. They will also more likely to be stable coins. The blockchain technology can revolutionize the market but it can also be used to make only some capitalist businesses take more control over the market. Hopefully, things can work out and they can be fair with their clients.
Well if the central banks want to deploy and release their own stablecoin the blockchains system that is implemented to the coin will certainly be a lot more centralized and by that the blockchain will lose its nature of irreversible transaction as well as the anti manipulation. Basically just the same as the current system the bank currently has and yes that's pretty much sums up what'll happen in the future.
indeed stable coins issued from banks will make a lot of very good changes, especially those using blockchain technology which in my opinion can provide very many benefits, banks will use blockchain technology but banks will also make their own coins which will be more stable and supported by banks the.


Title: Re: Central bank coins vs crypto space coins
Post by: Teraboy on January 07, 2020, 12:05:30 AM
Cryptocurrencies made by central banks are more likely to be easily be manipulated to favor their business over market. They might as well make amends with the government for favorable regulations. They will also more likely to be stable coins. The blockchain technology can revolutionize the market but it can also be used to make only some capitalist businesses take more control over the market. Hopefully, things can work out and they can be fair with their clients.
Well if the central banks want to deploy and release their own stablecoin the blockchains system that is implemented to the coin will certainly be a lot more centralized and by that the blockchain will lose its nature of irreversible transaction as well as the anti manipulation. Basically just the same as the current system the bank currently has and yes that's pretty much sums up what'll happen in the future.
indeed stable coins issued from banks will make a lot of very good changes, especially those using blockchain technology which in my opinion can provide very many benefits, banks will use blockchain technology but banks will also make their own coins which will be more stable and supported by banks the.
It looks like almost of all digitized fiat money will be used blockchain as the core but im still not sure if this willl happen but just try to give my opinion about that.
As long as we will have gateway with those stable coins that created by the bankers and we will fine about that. Crypto can get the new funds from there. but we must wait about the spesification of the stable coins that will be issued by those bankers whether it will be using blockchain or not.
I think we will see that very soon as the majority of central banks have already started the development.


Title: Re: Central bank coins vs crypto space coins
Post by: karanggatak on January 07, 2020, 01:54:24 AM
1. I think coins made by the government are certainly stable and centralized coins and definitely make fiat currencies the benchmark.
2. Central bank coins are stable coins so that they will not threaten or reduce the dominance of bitcoin and altcoin in the cryptocurrency market.
3. Yes maybe someone will use this stable coin as a substitute for fiat money.
4. Certainly the government will definitely make rules so that its cryptocurrency can run well and be controlled by the government.


Title: Re: Central bank coins vs crypto space coins
Post by: BlackFor3st on January 07, 2020, 02:00:27 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?


There's a lot of puzzle once this will happen, if Central Bank will create their own currency there is a big chance that it is a stable coins because most of the banks didn't like the big fluctuations of their currencies as what I have observe base on fiat.

If in case it is not a stable coins then the crypto community have plenty of options for investment but it doesn't mean that many will leave crypto space.
Regulations is what came from the government and Central Bank also therefore there is a big chance that regulations will come after their successful launch. 


Title: Re: Central bank coins vs crypto space coins
Post by: South Park on January 10, 2020, 08:09:06 PM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?


To answer your questions:

1. Yes, they are going to create stable coins that will be based on their fiat except that those coins will be worse since they will know everything you are doing with your money.
2. Not going to happen.
3. Many people will prefer to use those coins instead of decentralized currencies just as it is happening with fiat.
4. Regulations will still to come to this market even if that happened, since the whole point of releasing their own coins is to create a competition between their coins and the coins of this market to confuse the general public and they do not invest in true decentralized currencies and settle for cheap imitations.


Title: Re: Central bank coins vs crypto space coins
Post by: bittraffic on January 10, 2020, 08:25:01 PM


I'd like to believe these stablecoin are going ot be on exchanges as well for easy access to fiat to crypto and maybe it would also be easy for forex traders to withdraw their funds without having to go thru paypal but from the broker itself going to their bank accounts. Government backed coins will replace the fiat which will turn the country into cashless, the old folks I guess must adopt.


Title: Re: Central bank coins vs crypto space coins
Post by: Rcoinmoon on January 10, 2020, 10:55:22 PM
Crypto will always win because of it decentralized nature of operation which is way different from that of a centralized bank.


Title: Re: Central bank coins vs crypto space coins
Post by: meliodas on January 11, 2020, 12:46:02 AM
Please be very clear that even if every country or institute launch its own coin the uniqueness and market for real crypto that is for btc, eth etc will stay and grow further, these govt coins will infact help adoption and the impact will be huge for the real crypto market in my opinion.
Yes, there will be an impact to the original cryptocurrencies in the market. If the government or the banks issue their own type of cryptocurrency, mostly stable coins then it will make the majority of its citizen that the cryptocurrencies are a good choice in general and that is how the demand for the original cryptocurrency will grow.


Title: Re: Central bank coins vs crypto space coins
Post by: TheClownSong on January 11, 2020, 06:52:25 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?



I think coins originating from central banks can still be called fiat money because their supplies are controlled by the central bank and only other forms of paper money. The central bank can still increase supply in the market and I think there is no supply limit for this coin because the role of the central bank is to balance the value of the currency


Title: Re: Central bank coins vs crypto space coins
Post by: desticy on January 11, 2020, 08:48:40 PM
Obviously, all presented coins of this type will be stable, because they represent the currency of certain banks.
That is, each bank simply dreams of converting its currency into a digital environment. Thus, an unsecured currency will turn into just a set of numbers, and in case of default, nothing will have to be returned to customers.


Title: Re: Central bank coins vs crypto space coins
Post by: Baofeng on January 11, 2020, 11:59:22 PM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?

I think majority of them will be stable coins, but I might be wrong.

2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?

I doubt it, crypto enthusiast would invest on crypto back by government because of huge tax.

3. Maybe people will just use them as a plus since it's from the government?

It wouldn't hurt if you're going to invest, but I would rather put my money on crypto that I have total control.

4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

Regulations will come, but I don't think that other coins will be neglected. People are still going to invest with crypto.


Title: Re: Central bank coins vs crypto space coins
Post by: Aabcde on January 12, 2020, 03:00:31 AM
It will definitely become a stable coin. Because the bank will not make its currency a matter of speculation.
And I don't think much can be obtained from stable coins other than to secure funds from volatility. And although stable coins provide benefits, I think crypto will not die because crypto coverage is wider while stable coins are only limited to payments and securities.


Title: Re: Central bank coins vs crypto space coins
Post by: NathanJB on January 12, 2020, 03:05:00 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?

They are going to be stablecoins most likely.

Quote
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?

If they are not stablecoins, the central bank, the monetary policy makers, the economists, and the whole government itself would have a very hard time planning what happens to their economy next. That is why it is most likely a stable coin.

Quote
3. Maybe people will just use them as a plus since it's from the government?

Many people will find it easier to spend and accept because it is under the government.

Quote
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

Regulations will always be there in all aspects.


Title: Re: Central bank coins vs crypto space coins
Post by: Kyraishi on January 12, 2020, 10:42:50 AM
I don't even think that they should be put into the same categories as cryptocurrencies.

Sure, they use the underlying mechanisms, but cryptocurrencies generally have the connotation with them that they are decentralized and independent from the government and this is clearly not what central bank coins are for. In fact, they are simply a type of fiat currency which is hosted on a different platform, if you will.

It's very difficult to evaluate the exact impact of these central bank tokens on the wider decentralized crypto market, but it shouldn't be anything overly positive.


Title: Re: Central bank coins vs crypto space coins
Post by: CryptoOtopusso on January 12, 2020, 11:05:32 AM
I see very often nowdays that appear on market applications for sending money from bank to bank without our account log in.... like BLIK or something else - its take a cryptocurrency role... We have now only decentralisation and own store value arguments.


Title: Re: Central bank coins vs crypto space coins
Post by: huu78 on January 12, 2020, 11:16:05 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?


1. The possibility of some banks will adopt because China already adopted the blockchain first.
2. As well as the investment they are looking for profit and they can leave the crypto if the profit given is bigger is not stagnant.
3. Because it comes from the government and is assured of the fraud, real projects, assets monitored and protected by the agency could possibly be an asset 2nd of CRYTPO to save the reserve funds to them.
4. As with China after making their own coins, people are forbidden to use crypto or other coins and can only use coins from the government.


Title: Re: Central bank coins vs crypto space coins
Post by: doctor877 on January 12, 2020, 11:23:05 AM
This will definitely be a stable coin backed by fiat and it will be regulated . This won't be profitable by usage because it's just going to be a crypto model centrally controlled to counter the real crypto so people can at  least use it for online payment and transaction. It will definitely be regulated.


Title: Re: Central bank coins vs crypto space coins
Post by: cryptoknight527 on January 12, 2020, 11:34:21 AM
Would make sense if this can be done.. A stable coin in each currency too will be good


Title: Re: Central bank coins vs crypto space coins
Post by: Beparanf on January 12, 2020, 12:21:24 PM
It will definitely become a stable coin. Because the bank will not make its currency a matter of speculation.
And I don't think much can be obtained from stable coins other than to secure funds from volatility. And although stable coins provide benefits, I think crypto will not die because crypto coverage is wider while stable coins are only limited to payments and securities.
Some have different reason why they choose one and another. Some stable coins are worth having as it provides much security in terms of volatility of prices. But some altcoins were better as they give chance for us to earn as much as we didn't know till how much. Both have difference it's on how risky and depends on benefit that we wanted.


Title: Re: Central bank coins vs crypto space coins
Post by: naikturun on January 12, 2020, 12:57:41 PM
I think the coin central bank that you say is the same as Fiat, will it be profitable if held?
and how do you say that the coin is not stable, if like BTC or ETH and others are experiencing fluctuations, how do they back it up whether there will be a guarantee that the coin is up or down?
of course those who control the coins will benefit, and of course these coins will not be of interest at all. ::)


Title: Re: Central bank coins vs crypto space coins
Post by: boris singer on January 12, 2020, 01:06:45 PM
I don't even think that they should be put into the same categories as cryptocurrencies.

Sure, they use the underlying mechanisms, but cryptocurrencies generally have the connotation with them that they are decentralized and independent from the government and this is clearly not what central bank coins are for. In fact, they are simply a type of fiat currency which is hosted on a different platform, if you will.

It's very difficult to evaluate the exact impact of these central bank tokens on the wider decentralized crypto market, but it shouldn't be anything overly positive.

banks also until now only want to think of their products as digital money even though they also use blockchain. they will concentrate on stable coins, and as we know, the impact will be the same as stable coins that have been involved with the crypto market, the full function of their coins still cannot be analyzed, but I believe it will still involve efforts to lead to more controlled circulation in a decentralized space, and it will be positive to bring new investor interest.


Title: Re: Central bank coins vs crypto space coins
Post by: olumyd on January 12, 2020, 01:12:04 PM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?



It would be an attempt at a stable coin. But if there's anything the conventional currency market has taught us is that there's nothing as such as a stable coin if it is not decentralized and backed by another asset. So the Central Bank issued coins are more like digitized national currencies with probably more security, and will have similar functions to those of the already existing fiat currencies.

Frankly, there's no innovation there.


Title: Re: Central bank coins vs crypto space coins
Post by: duuuuude on January 12, 2020, 03:21:30 PM
These coins will not be what crypto enthusiasts want to see them because banks and the government want to control everything. Personally, I do not see much interest in this.


Title: Re: Central bank coins vs crypto space coins
Post by: South Park on January 17, 2020, 07:34:38 PM
I don't even think that they should be put into the same categories as cryptocurrencies.

Sure, they use the underlying mechanisms, but cryptocurrencies generally have the connotation with them that they are decentralized and independent from the government and this is clearly not what central bank coins are for. In fact, they are simply a type of fiat currency which is hosted on a different platform, if you will.

It's very difficult to evaluate the exact impact of these central bank tokens on the wider decentralized crypto market, but it shouldn't be anything overly positive.
You can call them stable coins, digital currencies or simply centralized cryptocurrencies but whatever name they receive the concept behind them will not change and the intention behind them will not change either, it is obvious those coins are going to be created to create competition for bitcoin in this market because if they let bitcoin to keep moving completely free at some point it is going to be adopted by enough people that it will allow the smart people to quit using their fiat and that is something they cannot allow.


Title: Re: Central bank coins vs crypto space coins
Post by: key4co.in on January 17, 2020, 08:04:22 PM
Central Bank coins to me will be stable coins, with very negligible fluctuations, hence not threat to cryptocurrencies. The more reason why they will be stable coins pegged to FIAT is because the government won't want speculations to affect the price obviously. Well, I don't really have a deep insight on this for now, till any central bank coin is officially launched, then we will know better.


Title: Re: Central bank coins vs crypto space coins
Post by: South Park on January 21, 2020, 08:30:30 PM
Central Bank coins to me will be stable coins, with very negligible fluctuations, hence not threat to cryptocurrencies. The more reason why they will be stable coins pegged to FIAT is because the government won't want speculations to affect the price obviously. Well, I don't really have a deep insight on this for now, till any central bank coin is officially launched, then we will know better.
That is not really the way in which those currencies are going to threaten bitcoin, what governments are trying to achieve is to try to deceive people again, they are trying to make people to switch from bitcoin to those currencies in the future in order to keep this market small and they will have some success at the beginning, but when people finally realize the fiat system has been used against them they will renounce those coins and buy bitcoin instead.


Title: Re: Central bank coins vs crypto space coins
Post by: Kyraishi on January 21, 2020, 10:09:07 PM
I don't even think that they should be put into the same categories as cryptocurrencies.

Sure, they use the underlying mechanisms, but cryptocurrencies generally have the connotation with them that they are decentralized and independent from the government and this is clearly not what central bank coins are for. In fact, they are simply a type of fiat currency which is hosted on a different platform, if you will.

It's very difficult to evaluate the exact impact of these central bank tokens on the wider decentralized crypto market, but it shouldn't be anything overly positive.
You can call them stable coins, digital currencies or simply centralized cryptocurrencies but whatever name they receive the concept behind them will not change and the intention behind them will not change either, it is obvious those coins are going to be created to create competition for bitcoin in this market because if they let bitcoin to keep moving completely free at some point it is going to be adopted by enough people that it will allow the smart people to quit using their fiat and that is something they cannot allow.

They're not created for the sole purpose of competing with BTC.

In fact I think a lot of these coins were going to be created whether or not it's directly competitive against BTC, simply because of the fact that once a technology is mature enough, governments and institutions are obviously going to utilize it to the best of their ability to support their internal structures and monetary policy, in the case of central banks.

So no, don't think of them as some foe to BTC, but their news is quite irrelevant to the decentralized cryptos.


Title: Re: Central bank coins vs crypto space coins
Post by: makishart on January 21, 2020, 11:34:19 PM
Central Bank coins to me will be stable coins, with very negligible fluctuations, hence not threat to cryptocurrencies. The more reason why they will be stable coins pegged to FIAT is because the government won't want speculations to affect the price obviously. Well, I don't really have a deep insight on this for now, till any central bank coin is officially launched, then we will know better.
That is not really the way in which those currencies are going to threaten bitcoin, what governments are trying to achieve is to try to deceive people again, they are trying to make people to switch from bitcoin to those currencies in the future in order to keep this market small and they will have some success at the beginning, but when people finally realize the fiat system has been used against them they will renounce those coins and buy bitcoin instead.
I don't even agree about your statement as when the developer can create a gateway to the fiat digital and then bitcoin will also very easy to create a connection to fiat digital.
The government has no intention to do that because so many times the regulators have already stated if they wanna use crypto and they are taking their own risk. Regulators just give awareness.
The fact is if those countries are  preparing for the future as anything will be controlled by the technology ( include financial sector).
It's not always to be a threat for bitcoin. I remember when so many people have said if stable coin will be a threat for bitcoin in the past.


Title: Re: Central bank coins vs crypto space coins
Post by: setialovers on January 22, 2020, 01:06:25 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?



Coins issued by the central bank in my opinion are stable coins because it may be gradually to replace banknotes in circulation in the community. Besides being easier to trace, transactions using crypto will be more transparent and in my opinion this is good for monetary policy


Title: Re: Central bank coins vs crypto space coins
Post by: albrots on January 22, 2020, 03:35:13 AM
I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
Obviously coins made by central bank will be more stable because it is all supported by the local government because it applies to its country only, and whether it will be stable when aligned with Cryptocurrencys in general? Will not be stable

2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
Ii will not happen because the Coin made by a system especially a country, of course this only applies to the country only, and this is clearly different from the more global altcoins and the current BTC USD, this is obviously 2 different things.


Title: Re: Central bank coins vs crypto space coins
Post by: Polar91 on January 22, 2020, 03:37:13 AM
Coins issued by the central bank in my opinion are stable coins because it may be gradually to replace banknotes in circulation in the community. Besides being easier to trace, transactions using crypto will be more transparent and in my opinion this is good for monetary policy

It is evident that Central Bank do really makes their step now to follow the trend of digital currencies and to think about the fiats that they are transitioning to digital currencies, I highly see that the currency they could create will not be a crypto based on blockchain, since whenever that happens, if fiat currencies will be aligned to crypto, conversion of money will be easier and the fiats will just be a tool to mediate people buying cryptocurrency. In which I find good


Title: Re: Central bank coins vs crypto space coins
Post by: bitvalak on January 22, 2020, 05:53:14 AM
Central coins issued by banks will certainly be stable because the value is not for sale, but only to replace the position of fiat currencies. Therefore, why are many altcoins being banned by the government because it can damage the ecosystem created by banks. They use the excuse if altcoin has the potential to bubble so people are hesitant to have altcoin.


Title: Re: Central bank coins vs crypto space coins
Post by: letyouearn on January 23, 2020, 10:36:00 AM
I think these new centralised coins will just replace their old fashioned analogues and the will be the same in fact, but based on blockchain technology. And of course that will be stable coins.


Title: Re: Central bank coins vs crypto space coins
Post by: OasisDre on January 23, 2020, 12:10:33 PM
Central bank coins will work like a regulated version of stable coins that we have in crypto space now, there is nothing exciting about CB coins because they aren't volatile, so no one can make profit out of them


Title: Re: Central bank coins vs crypto space coins
Post by: olumyd on January 24, 2020, 12:39:44 AM
Central bank coins will work like a regulated version of stable coins that we have in crypto space now, there is nothing exciting about CB coins because they aren't volatile, so no one can make profit out of them

I quite agree, 'no one' in crypto space may likely not trade them, but their existence would really boost the crypto market, as it would mean that governments finally understand the value of the tech behind them. Secondly, it might be easier to integrate them to existing crypto exchanges and having not to deal with third party fiat processors.


Title: Re: Central bank coins vs crypto space coins
Post by: Adriano2010 on January 24, 2020, 12:44:54 AM
I think mostly these banks will work as normal banks just they will issue crypto coins to customer or i'm wrong? And yes they will be already approved by governments and will bit have any problem to use them, but the main question is if a people need fiat money will can withdraw directly from ATM or can be used only as online payment and direct card payment?


Title: Re: Central bank coins vs crypto space coins
Post by: setialovers on January 24, 2020, 03:40:14 AM
Coins issued by the central bank in my opinion are stable coins because it may be gradually to replace banknotes in circulation in the community. Besides being easier to trace, transactions using crypto will be more transparent and in my opinion this is good for monetary policy

It is evident that Central Bank do really makes their step now to follow the trend of digital currencies and to think about the fiats that they are transitioning to digital currencies, I highly see that the currency they could create will not be a crypto based on blockchain, since whenever that happens, if fiat currencies will be aligned to crypto, conversion of money will be easier and the fiats will just be a tool to mediate people buying cryptocurrency. In which I find good

It is possible that crypto made by the central bank will use blockchain technology but what needs to be considered is the total supply. For central banks, it is difficult to determine the total supply of coins made because this depends on the size of the economy they have


Title: Re: Central bank coins vs crypto space coins
Post by: South Park on January 26, 2020, 06:03:22 PM
I think these new centralised coins will just replace their old fashioned analogues and the will be the same in fact, but based on blockchain technology. And of course that will be stable coins.
There is going to be an attempt to do that, governments are trying to spy on you to the best of their ability and what better way to do this than to create a currency in which every single transaction can be viewed by them exclusively and if they want they can take your money with just a few clicks, that has been their dream from the beginning but bitcoin is going to be there so people like us have a way to defend ourselves from those attempts at eroding our privacy.


Title: Re: Central bank coins vs crypto space coins
Post by: henrybek3 on January 26, 2020, 10:44:51 PM
Bitcoin is a threat to central banks. Central banks can only produce a fixed cryptocurrency. Otherwise, the economies of the country may collapse with huge manipulations. Bitcoin may seem sympathetic to us. The problem, however, is that it involves huge risks for large organizations.