Inventing the Altcoin

[jtipt]

So far I think its only people or organizations that are trying to create a new crypto currency to just be out there and maybe one day compete with bitcoin. But what if a government decides to create a country's own and legit altcoin? How would that affect the whole scenario? Will it be an instant success, especially if the country is big enough in population or has decent enough international trading going on.

Probably, it's a big maybe like if US creates a altcoin and doesn't have any taxes on its transactions then it may become successful, but the thing is ultimately it will still be a altcoin and it's price will depend on the traders and miners. Still I think it would be more successful than the current altcoins atleast.

[BAGOBO]

As we know bitcoin first then altcoin second so the risk for being second is it must work harder to make it better than original !
But sometimes life can change based on luck so if you want to keep inventing another altcoin, you need learn more and more since there will be new altcoin that keep occur and keep competing !

[theothersmith]

DECENTRALIZATION - that is what crypto is all about. A Gov is just another form of centralized fiat for the fractional banking system. That can not compete.

[samcoin]

So far I think its only people or organizations that are trying to create a new crypto currency to just be out there and maybe one day compete with bitcoin. But what if a government decides to create a country's own and legit altcoin? How would that affect the whole scenario? Will it be an instant success, especially if the country is big enough in population or has decent enough international trading going on.

This idea isn't strange for me, because there are few countries declared that they will create their own digital currencies, China one of them, they want to hire blockchain experts in order to create a digital currency, I also heard the same about Sweden.

[btcdiggingmaster]

i don't think that government will do this because they should know about the technology first and make a study and research before they want to apply this. i think it will make an affect with crypto currency business but its not a big problem with other altcoins since the coins from the government is new and people still don't know what is the main benefit of that coins. if there is many of benefit from the coins, then people will be make use in trading like other altcoins.

Yes you are right, the government will not do this because country has it's own fees structure on banks, as bitcoin free structure is very low so government won't show much interest on other altcoins, now many countries are impressed with bitcoin technology so the government will plan to install this new technology for further access of buying and selling bitcoin, same as other commodities.

[legdunes]

This should have little affect as it would be controlled which sort of defeats the object of crypto.

[hubballi]

So far I think its only people or organizations that are trying to create a new crypto currency to just be out there and maybe one day compete with bitcoin. But what if a government decides to create a country's own and legit altcoin? How would that affect the whole scenario? Will it be an instant success, especially if the country is big enough in population or has decent enough international trading going on.

as per my view it will be success but it will take time and manipulation will also be high as the coin will be used by all the people just like fiat currency but even then i think main Bitcoin wont get affected much as it is used by full world and who ever is in crypto world will be knowing this

[thepo1m]

So far I think its only people or organizations that are trying to create a new crypto currency to just be out there and maybe one day compete with bitcoin. But what if a government decides to create a country's own and legit altcoin? How would that affect the whole scenario? Will it be an instant success, especially if the country is big enough in population or has decent enough international trading going on.

This idea isn't strange for me, because there are few countries declared that they will create their own digital currencies, China one of them, they want to hire blockchain experts in order to create a digital currency, I also heard the same about Sweden.

What they are trying to do is to counter the effect Bitcoin in particular is havingor going to have on their on central banks. Most people that are into Bitcoin now prefer to have thei money in BTC rather than save it banks and if this trend continues they are in for a big problem because it will be difficult to control bitcoin

[g3rszpi]

So far I think its only people or organizations that are trying to create a new crypto currency to just be out there and maybe one day compete with bitcoin. But what if a government decides to create a country's own and legit altcoin? How would that affect the whole scenario? Will it be an instant success, especially if the country is big enough in population or has decent enough international trading going on.

as per my view it will be success but it will take time and manipulation will also be high as the coin will be used by all the people just like fiat currency but even then i think main Bitcoin wont get affected much as it is used by full world and who ever is in crypto world will be knowing this

Here will come George Soros 

[electronicash]

So far I think its only people or organizations that are trying to create a new crypto currency to just be out there and maybe one day compete with bitcoin. But what if a government decides to create a country's own and legit altcoin? How would that affect the whole scenario? Will it be an instant success, especially if the country is big enough in population or has decent enough international trading going on.

Not sure if its really possible for a country to have thier own altcoin, country's central bank would mean useless.
But granting this can happen, bitcoin might just be one of the coin with high value. It will be good for us.