Bitcoin Forum
January 29, 2020, 06:09:26 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 [18] 19 20 21 22 23 24 25 26 27 »
  Print  
Author Topic: Will governments create their own cryptocurrency that will replace fiat?  (Read 39084 times)
alroys
Jr. Member
*
Offline Offline

Activity: 466
Merit: 1


View Profile WWW
September 25, 2018, 01:18:21 PM
 #341

This could happen, because we know that today the era of increasingly advanced technology is increasingly modern. In ancient times people used gold, silver to exchange goods before there was fiat money like this. 100 years is a long time, and it is not impossible that changes will occur, and the government creates cryptocurrency for transaction tools, this can happen but not spontaneously. slowly Fiat will be withdrawn from circulation and eventually the crypto currency replaces it.

▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Cannacor.io [/b]║Cannacor:Cannabis Cultivation║ (https://cannacor.io/[b)
▄▄▄▄▄▄▄
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1580321366
Hero Member
*
Offline Offline

Posts: 1580321366

View Profile Personal Message (Offline)

Ignore
1580321366
Reply with quote  #2

1580321366
Report to moderator
1580321366
Hero Member
*
Offline Offline

Posts: 1580321366

View Profile Personal Message (Offline)

Ignore
1580321366
Reply with quote  #2

1580321366
Report to moderator
1580321366
Hero Member
*
Offline Offline

Posts: 1580321366

View Profile Personal Message (Offline)

Ignore
1580321366
Reply with quote  #2

1580321366
Report to moderator
Commitments
Member
**
Offline Offline

Activity: 532
Merit: 10


View Profile
September 25, 2018, 01:21:59 PM
 #342

Not important who created coin, government or not but how most interested of investor to buy an altcoin have created by government. Maybe less trust if government created coin and make investor interested for invest at the government coin.
Summation
Member
**
Offline Offline

Activity: 210
Merit: 17


View Profile
September 25, 2018, 02:00:04 PM
 #343

I think the government will definitely do this, but it does not mean that they have the ability to compete with decentralized coins. If the cryptocurrency loses its concealment, it may lose its future.

              ◊ ◊ ◊ 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗖𝗹𝗮𝘀𝘀𝗶𝗰 𝗩𝗶𝘀𝗶𝗼𝗻 ◊ ◊  ▬▬  ▬▬  ▬  ▬  ▬  ▬  ▬   Free ETCV coins ◊ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
    ANN ◊ ◊   ▬▬▬▬▬▬  ▬▬▬▬▬▬  ▬▬▬▬  ▬▬▬▬  ▬▬  ▬▬  ▬  ▬  ▬  ▬  ▬  ◊ ◊ Hard fork of Ethereum ◊ ◊  ▬▬▬▬▬▬  ▬▬▬▬  ▬▬▬▬  WhitePaper ▬▬  ▬▬  Github
                       ◊  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬    Twitter ▬  ▬ Telegram ▬▬▬▬  ▬▬▬▬  ◊ ◊  All Ethereum holders will receive 3 ETCV  ◊ ◊ ◊
missyqt29
Member
**
Offline Offline

Activity: 434
Merit: 10


View Profile
September 25, 2018, 03:16:56 PM
 #344

In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar,  etc.?

If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?


I think if the government creates their own currency I think the demand of bitcoin can experience decreasing, because the currency that the govenrment did is legal so the users of bitcoin switch on the legal currency. But I think it may suffer a failure.
SanSanTar
Newbie
*
Offline Offline

Activity: 37
Merit: 0


View Profile
September 25, 2018, 03:19:07 PM
 #345

From my view, even the government can create their own cryptocurrency, it still can not compare to decentralized coin. And it will soon be destroyed by bitcoin
Leyss
Member
**
Offline Offline

Activity: 574
Merit: 12


View Profile
September 25, 2018, 04:04:22 PM
 #346

In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar,  etc.?

If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
Many governments will indeed create their own centralized crypto currency. However, it will not replace the national money, but will simply complement them. Citizens will be able to enjoy the advantages of both crypto currency and ordinary money. In addition, the government will do this to distract people from the use of decentralized crypto currency.

mr.nby
Member
**
Offline Offline

Activity: 305
Merit: 10


View Profile
September 25, 2018, 05:03:36 PM
 #347

it seems unlikely that the government will make digital currencies that can replace real currencies. because surely it would not want a currency as a symbol of the state to be replaced by digital currency

If governments do it then national cryptocurrencies will function next to fiat money. They will be their digital equivalent. Rather, they do not withdraw fiat from circulation to replace them by cryptocurrencies.
arin_muah
Sr. Member
****
Offline Offline

Activity: 504
Merit: 250



View Profile
September 25, 2018, 05:33:02 PM
 #348

In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar,  etc.?

If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?


I think if the government creates their own currency I think the demand of bitcoin can experience decreasing, because the currency that the govenrment did is legal so the users of bitcoin switch on the legal currency. But I think it may suffer a failure.
that's true bitcoin and cryptocurrency demand rise alot.but they have difficulties too when controlling their currency rate.their focus is devided between currency rate and coins rate.
romantic007
Member
**
Offline Offline

Activity: 224
Merit: 10


View Profile
September 25, 2018, 07:18:28 PM
 #349

Probably it won't replace fiat and it won't be even equal but I definitely believe that many governments will consider creating their own currency.

spongegar
Full Member
***
Offline Offline

Activity: 476
Merit: 100



View Profile
September 26, 2018, 04:00:13 AM
 #350

I believe that they will create a fiat like crypto currency that they could control using their own country's economical value. I don't think a government will use a currency they wouldn't be able to control themselves. As such, they will do a sort of ICO so it will look like it is decentralized but they will find a way to control it for their gain.

▬▬▬▬▬▬▬▬▬▬  ▬▬▬▬▬▬  ▬▬▬▬▬▬  ▬▬▬▬  ▬▬▬▬ |  𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗖𝗹𝗮𝘀𝘀𝗶𝗰 𝗩𝗶𝘀𝗶𝗼𝗻  ⎮ ▬▬  ▬▬  ▬  ▬  ▬  ▬  ▬  ▬  ▬  ▬  ▬  ▬
▬▬ ▬▬ ▬▬ Hard fork Ethereum  ▬▬▬ ▬▬▬ ▬▬▬▬ ▬▬▬▬▬▬  11.1.19  ▬▬▬▬▬▬  ▬▬▬▬▬▬  ▬▬▬▬  ANN  ▬▬▬▬ ▬▬▬▬▬▬
▬▬▬▬ All Ethereum holders will receive 3 ETCV ▬▬▬▬▬▬▬▬  ▬▬▬▬▬▬  Telegram  ▬▬▬▬▬  Twitter  ▬▬▬▬  White Paper  ▬▬▬ ▬▬
bajingluncat
Jr. Member
*
Offline Offline

Activity: 392
Merit: 2

HUBRISONE.com


View Profile
September 26, 2018, 06:13:03 AM
 #351

I am sure that digital virtual money replacement will occur, even now the government has encouraged people to become people without cash, even though they still use banking products such as debit cards, credit cards, transfers and so on. But to make crypto money itself is still into consideration, however, it uses a different technology, blockchain, besides the government is constrained by legislation that still considers the negative effects of cripto, especially the problem of money laundering

│      HUBRISONE.com      │▐▐  Your Cryptocurrency Friendly Digital Bank   ▌▌
basyang
Full Member
***
Offline Offline

Activity: 644
Merit: 100



View Profile
September 26, 2018, 06:57:02 AM
 #352

In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar,  etc.?

If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?

In my own opinion, If the Government today do not want to embrace the cryptocurrency what is more in the future?. It is impossible to have a cryptocurrency in every country. If the Government fully accepted cryptocurrency in their countries their has a big chance for creating a new cryptocurrency that can replace their fiat or physical money, but yet it is impossible.

.com/?utm_source=BCT&utm_medium=Sig&utm_campaign=MD&utm_term=Full]M I N T D I C E[/url] ◉◉ MULTIPLE CURRENCIES. MULTIPLE GAMES. DONE BETTER. ◉◉ M I N T D I C E
Introducing the world's best fully featured cryptocurrency casino
▬▬▬▬▬▬▮ Facebook[/url
ipanks
Hero Member
*****
Offline Offline

Activity: 994
Merit: 503


View Profile
September 26, 2018, 07:10:45 AM
 #353

The governments can easily create their cryptocurrency, but I don't think that they can easily replace fiat with their crypto. To do this, they need to consider if this is the best solution that they can do to solve the financial problem in that country and they need to listen to many people about the decision. They cannot instantly replace fiat with their coin before all people in their country agree, and it will need more discussion in the government itself. The money will transform into digital money, but maybe the physical fiat will still exist among us.
calya
Sr. Member
****
Offline Offline

Activity: 756
Merit: 250


Erotic Industry on the Blockchain! RachelX


View Profile
September 26, 2018, 07:17:07 AM
 #354

In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar,  etc.?

If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?

In my own opinion, If the Government today do not want to embrace the cryptocurrency what is more in the future?. It is impossible to have a cryptocurrency in every country. If the Government fully accepted cryptocurrency in their countries their has a big chance for creating a new cryptocurrency that can replace their fiat or physical money, but yet it is impossible.
each government has their own policy about cryptocurrency implementation.developting country maybe has different policy, maybe they still consider about advantages and disadvantages creating own cryptocurrency.

                                                                                                       ▄███▓w
    ▓██▌                                                                                              "██████▄  ╗███▄
    ████M ██████▄                                           ▐█▌                                  ██     ██████  █████▌
  ╔█ ████,     ▀██▄                                         ▐█▌                                  ██     ╙█████▌▓█████▀
   `▀███▀`      ▐██      ▄▄█████▄▄  ██       ▄▄█████▄▄      ▐█▌▄▄█████▄▄         ▄▄█████▄▄       ██       ██████████╨
   ▄██▌Ü        ▐██    ██▀▀     ▀▀████     ███▀     ▀███    ▐███▀     ▀██▄     ██▀▀     ▀▀██     ██       `████████
   ▀███        ▄██▌  ▐██           ███   ▐██           ██   ▐██         ██   ▐██           ██▌   ██        j█████▌
    ███▌   █████▀    ██            ▐██   ██                 ▐█▌         ██   ██▄▄▄▄▄▄▄▄▄▄▄▄▄██   ██       ,╣██████▄
  ▄████    ██▌      ██            ▐██   ██                 ▐█▌         ██   ██▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ██      ╫▓████████▌
██▀ █▌       ███     ▐██           ███   ▐█▌           ▄▄   ▐█▌         ██   ▐█▌           ▄▄    ██     ,╣███▓! ╠▓███,
    ▌        ▐██▌    ▀██▄       ▄████    ▀██▄       ▄██▀   ▐█▌         ██    ▀██▄       ▄██▀    ██    ╗▓███▀    !▓▓██▄
    ▌█          ██▌     ▀█████████▀ ██      ▀█████████▀     ▐█▌         ██      ▀█████████▀      ██    ▓██▀`       ╠▓▀█▄
                                                                                                     ╓▓█▀`            ╙╨
                                                                                                     `▀▀
██▀
▐▌
▐║
▐║
▐▌
██▄
THE REVOLUTION OF THE EROTIC INDUSTRY
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Hot Manga 360°-Cam Virtual Reality
▀██
▐▌
║▌
║▌
▐▌
▄██
──── SOCIAL MEDIA ────
  Facebook Twitter  Instagram 
Telegram  YouTube  LinkedIn
williamweber
Newbie
*
Offline Offline

Activity: 22
Merit: 0


View Profile
September 26, 2018, 07:24:05 AM
 #355

In the next 100 years, perhaps the cryptocurrency will completely replace the Fiat. Each country will have their own cryptocurrency. As such, cryptocurrency will play a role as fiat today.
andriw
Member
**
Offline Offline

Activity: 406
Merit: 11


View Profile
September 26, 2018, 07:32:49 AM
 #356

I think that it will happen and the treatment will be the same as fiat, and if the government wants to make its own cryptocurrency, surely the government can regulate and supervise itself.
admosfir
Full Member
***
Offline Offline

Activity: 294
Merit: 100



View Profile
September 26, 2018, 08:14:38 AM
 #357

it seems unlikely that the government will make digital currencies that can replace real currencies. because surely it would not want a currency as a symbol of the state to be replaced by digital currency
i don't think so, because currently many governments are expanding the cashless society, this indicates that money will turn out to be digital and very likely the country to make their own crypto

Sidera | Blockchain Technologies
Decentralized Wearable Devices WEARING THE FUTURE
➜ TELEGRAM ➜ FACEBOOK ➜ TWITTER ➜ REDDIT ➜ LINKEDIN
Evacarter
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
September 26, 2018, 08:26:45 AM
 #358

Governments will not create their own cryptocurrency, because it is difficult to provide a common cryptocurrency rule for all countries as well as changing the value from fiat to cryptocurrency.
blacknigga
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
September 26, 2018, 08:44:18 AM
 #359

100 years is too long, I think in the next 10 or 20 years, governments will have their own cryptocurrency for each country.
YinShuiSiYuan
Hero Member
*****
Offline Offline

Activity: 980
Merit: 501

CryptoTalk.Org - Get Paid for every Post!


View Profile
September 26, 2018, 11:57:48 AM
 #360

Governments will not create their own cryptocurrency, because it is difficult to provide a common cryptocurrency rule for all countries as well as changing the value from fiat to cryptocurrency.

Countries are already working on their own cryptocurrencies. The process of their implementation will definitely take time for legal reasons, because they will be centralized. However, the complete replacement of fiat money will be difficult for a long time.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 [18] 19 20 21 22 23 24 25 26 27 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!