Will governments create their own cryptocurrency that will replace fiat?

[SvenBomvolen]

   Now when you mention something like this, I realize how possible this actually is. If they find out advantages of crypto money and fiat money they will use it in future for their own benefit. I dont know how much will that be good for us people, and with crypto currencies they can monitor us more carefully, and they will follow us with no trouble. Also they will make system that is good for them, not for entire world, that will be the main difference bitcoins and their crypto coin.

[markyminer]

to me i think still not a single country has take the step to so one as they are just defending the fiat currency, but i think if they feel the need i think they must be at least start thinking about that, but still not a single government has taken any step about this.

[MingLee]

to me i think still not a single country has take the step to so one as they are just defending the fiat currency, but i think if they feel the need i think they must be at least start thinking about that, but still not a single government has taken any step about this.

They're trying to think of different ways to make their own cryptos and they're looking into the technology required for them to be able to do it, however, considering that fact, it is far more likely they'll write off that concept and just digitize the fiat economy is anything. There's no point to them, starting their own cryptos, one which would never get off the ground, and Bitcoin will reign supreme.

[klaaas]

It could be replaced indeed., I will not see this happening anyway soon. Maybe along the current banking system.

[deadpoolx]

If the government creates a cryptocurrency, they reduce their own power. Moreover, they will in this way get people to learn about Bitcoin, even if it is not their intention.
When people find out that Bitcoin is a better currency, which can not be inflated by governments and that is able to provide more control to the users, they'll certainly adopt it.

[FLoving]

It depends on the ability of the government. If a government is able to control bitcoin for their citizens or will be able to control their citizens' activity in bitcoin then they will not feel the use of any other cryptocurrency and will rely on bitcoin for their digital affairs while if they find it hard to control on the use of bitcoin in their state then they will not adopt it for their citizens and will like to start their own currency.

The other point is that if they will like to have their own nationality for their digital finance then they will start their own national crypto currency.

[LTU_btc]

Well, 100 years is very long period and many things can happen. In nearest future governments won't create their own cryptocurrency, it's too early stage.
And I don't think that every country would need for their own cryptocurrency. But I think EU can create crypto version of Euro for Eurozone countries. But such currency will have lot of regulations, government control and similar things. It will be like bank. And in my opinion it would be better than SEPA system.

[European Central Bank]

90 something per cent of fiat currency is already numbers on a digital ledger. no doubt they're gonna try to make it 100% pretty soon, it certainly won't be in multiples of decades either.

[Zadicar]

Well, 100 years is very long period and many things can happen. In nearest future governments won't create their own cryptocurrency, it's too early stage.
And I don't think that every country would need for their own cryptocurrency. But I think EU can create crypto version of Euro for Eurozone countries. But such currency will have lot of regulations, government control and similar things. It will be like bank. And in my opinion it would be better than SEPA system.

I don't even know if I will be still alive or able to survive the world war 3 by that time. But I'm pretty sure because of newest technology, government will able to create new digital currency or if not, the fiat money will be just turned to digital money with the use of RFID which is likely to happen earlier this 2017. So we will have paperless economy.

You cant be still assure of that it would start on 2017 on developing  fiat currency into more advanced or already digitalized. Maybe its possible on next 100 years because we all know that technology evolve very fast and for sure other things would really be affected just like fiat.Building a cashless world is not easy though and it would really takes time before it is implemented.

[pooya87]

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?

first of all why do you even care about the future 100 years none of us are going to be alive!
and besides in a 100 years the technology is nothing like today so we can not give any opinion about it because we can not consider the future technology when doing so. by then there may be something 100 times better than bitcoin and money as we know will surely not exist.

[Xenophoto]

Not sure it's a good way to spend the money of the country. The government having an altcoin, what would it be called? Would it be the currency of all the governments or would it be different in each country?

I don't think they will do it because fiat can already be transferred digitally using Paypal and other websites like that. That's basically the crypto-currency of the government. Also, government having their own cryptocurrency would raise awareness about bitcoin to the public which means they technically advertised bitcoins for us. That would make bitcoin's price rise and the community larger.

[jondeen707]

These won't be the cryptocurrencies the way we understand them. They won't be decentralized nor with limited supply. They will be churning out more digital cash whenever necessary. Other than that, most of the governments are on the way to making it all digital.

[serjent05]

to me i think still not a single country has take the step to so one as they are just defending the fiat currency, but i think if they feel the need i think they must be at least start thinking about that, but still not a single government has taken any step about this.

Of course government should be careful in implementing decisions.  They need to compare the gain against the lost.  They need to make sure that everything is done according to their law.  So it will take sometime before a government to decide if they will create and let cryptocurrency represents their currency.  And I think that there is a huge possibility that this will hapen, government creating cryptocurrency to replace their local currency.

[talkbitcoin]

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?

government created cryptocurrency is the worst idea of all times and it will stay the same even in the future. there will surely be so much change in the future in our monetary systems for sure, specially since you are talking about 100 years from now but one of the benefits of cryptocurrencies like bitcoin for example is that they are decentralized which makes it a lot better than anything government issues.

[Shinpako09]

I dont think they will do that. Government wont change their paper money into crypto currency even in the future. They wont put all their funds into a hackable thing. Nothing is impossible in the internet for the hacker.

[betohell]

It could be replaced indeed., I will not see this happening anyway soon. Maybe along the current banking system.

nope I think the government would make no new cryptocurrency because certainly they will not be able to accept the terms of decentralization? because cryptocurrency should be decentralized? so I think they will make virtual money like bitcoin

[ivanst776]

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 don't think they will create they own cryptocurrency because everything now it going to be globalized.

So people like to use same currency on different countries and no need to convert them from one currency to another one because of loss and lots of fees.

[Xester]

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 don't think they will create they own cryptocurrency because everything now it going to be globalized.

So people like to use same currency on different countries and no need to convert them from one currency to another one because of loss and lots of fees.

I think the government are not interested to create thier own cryptocurrency, because if they are, they do it already. The government will not create cryptocurrency because they know that it might be use in illegal activities and cryptocurrency are hard to control and not easy to detect even they can trace the ip adress people can use it anywhere.

[ivanst776]

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 don't think they will create they own cryptocurrency because everything now it going to be globalized.

So people like to use same currency on different countries and no need to convert them from one currency to another one because of loss and lots of fees.

I think the government are not interested to create thier own cryptocurrency, because if they are, they do it already. The government will not create cryptocurrency because they know that it might be use in illegal activities and cryptocurrency are hard to control and not easy to detect even they can trace the ip adress people can use it anywhere.

What would happen if every country would have their own (crypto)currency? Just imagine 50 countries of U.S.A having their own currency, there would be a mess trading something between each countries.

The same is in Europe where mostly they use EUR expect some countries which think that euro is not good for them and their economy.

[Qartersa]

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 don't think they will create they own cryptocurrency because everything now it going to be globalized.

So people like to use same currency on different countries and no need to convert them from one currency to another one because of loss and lots of fees.

I think the government are not interested to create thier own cryptocurrency, because if they are, they do it already. The government will not create cryptocurrency because they know that it might be use in illegal activities and cryptocurrency are hard to control and not easy to detect even they can trace the ip adress people can use it anywhere.

What would happen if every country would have their own (crypto)currency? Just imagine 50 countries of U.S.A having their own currency, there would be a mess trading something between each country.

The same is in Europe where mostly they use EUR expect some countries which think that euro is not good for them and their economy.

Then probably, the world should develop some cryptocurrency that would work like the Euro. However, I don't think all countries would agree to this proposal. The least we could probably get is every country has its own cryptocurrency or digital currency and will work like how Fiat is working. It would be like fiat currency but less the paper and coin form of money.