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Author Topic: Country's creating their own Crypto Currency  (Read 5143 times)
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December 24, 2016, 02:04:22 PM
 #61

This could be an alternative. because it can make a country characterized by their digital currency. but there will be problems, is implementing the price when juxtaposed with bitcoin. ICO would be there, and it looks like an impossible thing for me.

All the things that could give innovation and bigger or better is something that can indeed provide a change from all the things there are. For if we know something is true then all of them will give you a good profit. If ico can help us to get better compared with bitcoin, then it can all change all the things that exist in the bitcoin. Just look at these things in the future and we can prepare a few things that might happen


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December 24, 2016, 02:41:06 PM
 #62


Are there any Nations working on their own Crypto Currency to rival Bitcoin and possibly replace paper and metal money? If not, do you think any nations will attempt to do so to have more control over their citizens money?
Canada already made one and totally failed.  Canada are leaders at failing. 
I doubt that any other countries would want to make a cryptocurrency after that catastrophe. And I don't think that a country would want to give up fiat and use a cryptocurrency instead.

I think it would be hard to make the virtual money to be fiat one, if so, just make sure that the country know what will happen for them
to support it, but then again it would be hard, you must conduct many tests so it would be successful.

Yes it is, the world is not yet ready for bitcoin only a few numbers in population are into bitcoin. Given this frequency even if a certain country creates an altcoin it will still not prosper due to many national issues. Before it will be implemented there should be an internet connection that is reliable and good. Next all of the populace should have a device such as a pc or a Android phone. And lastly there should be a good system and laws in the implementation.

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December 24, 2016, 02:59:02 PM
 #63

As quoted more countries were into implementation of their own digital currency based upon Blockchain technology. At the same it won't be similar to our bitcoin just the fiat will get converted to digital form.

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December 25, 2016, 12:27:29 AM
 #64

As quoted more countries were into implementation of their own digital currency based upon Blockchain technology. At the same it won't be similar to our bitcoin just the fiat will get converted to digital form.
Yes you are right, those countries will only convert their fiat into digital. I think that currency just will be the same with altcoin so bitcoin will be the best option to all people. Also may be government can control and tax  on their own crypto currency. I more loves to use bitcoin becouse I see bitcoin as a freedom from government control and bank system.  I really sure that countries crypto currency can not replace bitcoin.

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December 25, 2016, 12:30:30 AM
 #65

I don't think we will see countries creating a new currency as such, they will just move over the currency that exist onto a blockchain setup, there has been a lot of focus on blockchain this year from banks as well as governments.


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December 25, 2016, 01:09:53 AM
 #66

I don't think we will see countries creating a new currency as such, they will just move over the currency that exist onto a blockchain setup, there has been a lot of focus on blockchain this year from banks as well as governments.



Indeed, if it just converting the fiat for the crypto and to be the easiest way to get an implement on the blockchain governance. They will have made his digital ecosystem through the blockchain. The complex thing will make his system will be running for a better well. 

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December 25, 2016, 01:23:57 AM
 #67

no national currency of any type will ever resemble bitcoin in any way. there's no reason for it to operate in the same way and there's absolutely no way they'd relinquish the ability to do what the hell they want to it.

a national digital currency would make the case for bitcoin even more stark. they could track your every expenditure and shut you down wherever and whenever they wanted.
Indeed, and that's a scary proposition.  But my question is why would any one country want their own crypto?  Why not have the entire freaking world just use bitcoin or whatever one works best?  Is that not the point of bitcoin, to unite all of us with one world currency?  I get that it should be out of any one government's hands, but I'm just wondering.
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December 25, 2016, 01:46:07 AM
 #68

no national currency of any type will ever resemble bitcoin in any way. there's no reason for it to operate in the same way and there's absolutely no way they'd relinquish the ability to do what the hell they want to it.

a national digital currency would make the case for bitcoin even more stark. they could track your every expenditure and shut you down wherever and whenever they wanted.
Indeed, and that's a scary proposition.  But my question is why would any one country want their own crypto?  Why not have the entire freaking world just use bitcoin or whatever one works best?  Is that not the point of bitcoin, to unite all of us with one world currency?  I get that it should be out of any one government's hands, but I'm just wondering.

if you want a country to adopt bitcoin. your talking about government.
if you want PEOPLE to adopt bitcoin then it should not matter what country they are in

governments cannot control bitcoin so they wont adopt it. they will make their own. they already are. look into hyperledger for the IMF2.0
as for people adopting bitcoin.
bitcoin has no arms or legs or a voice. it requires people to talk to other people to get people to adopt bitcoin.

so that will only happen if people like you go to the businesses you want accepting bitcoin and you ask them to accept bitcoin.
waiting for bitcoin to talk to a business is like waiting for the sun to talk to a factory hoping th sun can convince a factory to make solar panels

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December 25, 2016, 01:55:34 AM
 #69

no national currency of any type will ever resemble bitcoin in any way. there's no reason for it to operate in the same way and there's absolutely no way they'd relinquish the ability to do what the hell they want to it.

a national digital currency would make the case for bitcoin even more stark. they could track your every expenditure and shut you down wherever and whenever they wanted.
Indeed, and that's a scary proposition.  But my question is why would any one country want their own crypto?  Why not have the entire freaking world just use bitcoin or whatever one works best?  Is that not the point of bitcoin, to unite all of us with one world currency?  I get that it should be out of any one government's hands, but I'm just wondering.

I have simple answer on your questions, firat is that governments want to control their citizens as much as possible, some governments will try to control even bitcoin. Also profit is important, how will government tax the bitcoin, how will they make profit from distribution, credits, loans. With their own crypto currency they will be able to set up things as they wish it.
Second answer is connected with first one, how will they allow us to use something that is not controlled by them? I expect them to fight back in some moment, I mean some more serious actions against bitcoin.

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December 25, 2016, 02:09:09 AM
 #70

Are there any Nations working on their own Crypto Currency to rival Bitcoin and possibly replace paper and metal money? If not, do you think any nations will attempt to do so to have more control over their citizens money?

You do not get it. First please clarify. When you say a "national cryptocurrency", what do you mean? Will it be like Bitcoin or something else like a POS coin? Because if it is going to be exactly like Bitcoin then that nation is giving up control of its national currency. So why not use Bitcoin instead? Why create a digital version of national IOU?


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December 25, 2016, 03:50:55 AM
 #71

if each country makes its own CryptoCurrency. Well, if that happens, I feel that I will keep looking for bitcoin. I have good reason to look for bitcoin. in addition to their high price, bitcoin has been reliable since the first, so I would not hesitate to seek it. different from the others, or Crypto Currency is new. Crypto new Currency, or who owned the state, will not guarantee that it would get more than bitcoin.
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December 25, 2016, 07:56:01 AM
 #72

if countries wanted to regulate and control a crypto currency creating their own Crypto Currency would be their best option to start with but this would be expensive to build

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December 25, 2016, 11:01:09 AM
 #73

I suppose Venezuela can benefit from this, if they'd try. The financial situation there is a mess.



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December 25, 2016, 11:10:31 AM
 #74

Are there any Nations working on their own Crypto Currency to rival Bitcoin and possibly replace paper and metal money? If not, do you think any nations will attempt to do so to have more control over their citizens money?

They can try all they want but what they never can understand is that bitcoin worked cause it was decentralised and all these will be centralized and easy to manipulate. They won't ever succeed. And don't ever fall in their trap you will loose stick to Bitcoin it's best. So try and acculumate Bitcoin only and ignore this all stuff you will be safe. 

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Tanic
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December 25, 2016, 11:11:21 AM
 #75

Such idea as making its own crypto currency by some country looks for me as just more way to get money from citizens in the form of taxes to it go in the wallet of this people who are working in the government.
zahra4577
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December 25, 2016, 11:26:45 AM
 #76

I am not aware of any country officially announced creating or intending to create own cryptocurruncy but four major bank s UBS, Deutsche Bank, Santander and
Bank of New York Mellon are developing their own blockchain and I hope central banks will soon follow the suit

Shenzou
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December 25, 2016, 05:57:56 PM
 #77

I think that the world today is headed toward using internet more and more in banking shopping and everything and that is where the world is headed to, so it may be a good idea to use a crypto curency specific to each country , it could make sending money over seas much easier , it could help the investments in the third word .

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energycr
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December 25, 2016, 06:01:00 PM
 #78

I did hear that somewhere in Europe (Denmark perhaps  Undecided ) that there is a small town that accepts bitcoin at most of there shops on it's main street.
They were saying they were going to be the first place in the world where eventually their entire ecosystem will revolve around bitcoin. And have a flag for it too? Smiley
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December 25, 2016, 07:17:32 PM
 #79

if countries wanted to regulate and control a crypto currency creating their own Crypto Currency would be their best option to start with but this would be expensive to build
but to me i think still it cannot be compare with bitcoin, as the alt coin make by the countries will also be centralize, while bitcoin is a decentralize currency, having same value all over the world.

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December 25, 2016, 10:39:10 PM
 #80

if countries wanted to regulate and control a crypto currency creating their own Crypto Currency would be their best option to start with but this would be expensive to build
but to me i think still it cannot be compare with bitcoin, as the alt coin make by the countries will also be centralize, while bitcoin is a decentralize currency, having same value all over the world.
actually the governments are not realizing the increasing the demand of bitcoin, people are now giving preference to online trading using bitcoin, therefore government may have decided to create their own currency and implement it in their own country.
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