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Author Topic: Will governments create their own cryptocurrency that will replace fiat?  (Read 6627 times)
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June 12, 2018, 05:21:29 PM
 #321

Its on a possibility that they will or maybe accept Bitcoin. Its obvious those who are at the seat of power won't want to loose in anyway, so they might create a currency to make them remain on top and still get profit off people. It is posdible.

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June 13, 2018, 05:02:04 PM
 #322

I do not think that the government will create their own crypto, but I do believe that they will try to centralize and regulate all the other cryptos. We already see that with banning ICO's in some countries, adding taxes and offering crypto bank accounts, they are taking some steps to this.
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June 13, 2018, 05:07:32 PM
 #323

For sure not to replace fiat.China are working on digital yuan.It will make trading goods more easy and will lower costs.EBC is not going to create and digital euro usa will not create fed coin
So govs will not create his cryptocurrencies anytime soon and for sure not to replace fiat money


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June 13, 2018, 05:49:28 PM
 #324

I have seen in many publications statements that this or that country plans to issue its own cryptocurrency. It seems India, South Korea, Russia was. But so far these are only intentions. And also very revealing is the experiment in Venezuela with the El Petro token.
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June 24, 2018, 02:22:52 PM
 #325

Perhaps this will happen sometime. Perhaps it will take many years, and maybe in 10-20 years there will be no paper money at all. Now everything is developing and is being implemented so quickly. Many things that we now have for us 20-30 years ago seemed something supernatural

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June 24, 2018, 02:41:09 PM
 #326

II think in future, maybe 10 to 20 years from now all government in each countries will have their on cryptocurrency and also their on trading platform. But replacing the fiat maybe not but developing it.
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June 24, 2018, 04:16:44 PM
 #327

I don't think that will have a lot of support and following though since it goes against the nature of btc that people look for. Decentralized and beyond any government's control. I don't think any government would try that and it won't qualified as a cryptocurrency if ever.
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June 24, 2018, 04:33:41 PM
 #328

I think this will continue to be a contradiction, the transaction certainly becomes easier and certainly the government can control the coins in total, but I'm sure many do not agree because they are worried about not having more access.
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June 24, 2018, 06:36:09 PM
 #329

Probably, yes. Government always adjust on what majority of their people do. When internet was invented, they provided ways of getting your documents by online registration so I know they'll do the same with crypto.
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June 24, 2018, 07:47:28 PM
 #330

I think that maybe will happen only when all block of btc has been mined, but if government is going to create another cryptocurrency, I don't think that it will be succesful
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June 24, 2018, 08:08:02 PM
 #331

I believe, that it will gonna happen or it will symbiosis fiat and cryptocurrency, but  from another side I understand, that it's impossible, like how government will regulate cash moving, because like with other cryptocurrencies, where you can send any amount to another country with no problems, and if they will try to personalize any user by asking to provide documents that only mean, that all transactions will be public, so everyone will able to see how much and when user "A" transferred to user "B". But I don't think people are ready for transparency policies.
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June 24, 2018, 10:14:40 PM
 #332

Maybe it can be happen because government will do anything just to make more more profit or to make what more easier to the public or hopefully if they will not create their own crypto they can accept bitcoin for the benefit of everyone.

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June 24, 2018, 11:27:01 PM
 #333

The government will issue its own cryptocurrency! They want to control the distribution rights and supervision rights of cryptocurrencies again through blockchain technology! The government can crack down on tax evasion through cryptocurrency
Issuing cryptocurrencies is attractive to any government.

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June 24, 2018, 11:42:15 PM
 #334

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?
do not think too much, because I'm not sure crypto will survive until 100 years into the future. because by looking at the many people who want to fight crypto, like government, and social media, facebook and goole also go against the crypto. let's see together this year, whether bitcoin can face all, because I see the price is getting destroyed.

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Today at 11:45:11 AM
 #335

The states are already beginning to move in this direction, because everyone understands that eventually the Fiat will have to be replaced and create its own currency.




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Today at 12:04:52 PM
 #336

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?

Only stupid country will look forward abandoning their own currency because thats the sign of the country’s and the proof of their economy,yes governments may create their own crypto but like japan this will only support the fiats and will work together with this cryptocoin

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Today at 12:24:28 PM
 #337

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?

Yes, this is an event, but it is also possible to see an out-of-ordinary pricing. Just like today's exchange rates, such cryptocurrencies can be traded in a market where there is no quiet movement and no serious fluctuations. But one thing to keep in mind is that cryptocurrencies are uncontrollable, decentralized currencies. Therefore, it is possible to switch to a different network without making these operations in a possible situation and to regulate all these options. Of course, at this point, central banks will not lose their effects and will continue to control the market in accordance with the docket. For that reason, it is difficult to predict how well this would be achieved if something like this is done.


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Today at 12:28:28 PM
 #338

That is a very possible thing because actually this cryptocurrency can be used and created by anyone because now there is a smart contract so that it can make cryptocurrency easier, but I am sure that coins or tokens created from the government will be very difficult to stabilize and will definitely be used for price games and many will suffer losses.


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Today at 12:40:45 PM
 #339

I would rather keep fiat/cash in that case... who needs  a centralized crypto? It's going to be the same as fiat currency but just digital...and even less privacy.

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Today at 12:44:04 PM
 #340

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?

It is very possible to happen. Since we cannot be sure what future brings us, something like ideas is not impossible. Government will surely have this kind of proposal in their mind. They might also think about the new system of trading in each places. It is a good news because the technology is advancing so it is better to have a cryptpcurrency that created by government for a reason that people will believe in it and try to use it daily.

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