Bitcoin Forum
July 21, 2018, 01:04:02 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Palestine to create their own national cryptocurrency  (Read 661 times)
Actor_Tom_Truong
Legendary
*
Offline Offline

Activity: 1582
Merit: 1000



View Profile
May 13, 2017, 12:44:00 AM
 #1

State of Palestine mulling crypto-currency of its own
https://www.neowin.net/news/state-of-palestine-mulling-crypto-currency-of-its-own
1532135042
Hero Member
*
Offline Offline

Posts: 1532135042

View Profile Personal Message (Offline)

Ignore
1532135042
Reply with quote  #2

1532135042
Report to moderator
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1532135042
Hero Member
*
Offline Offline

Posts: 1532135042

View Profile Personal Message (Offline)

Ignore
1532135042
Reply with quote  #2

1532135042
Report to moderator
1532135042
Hero Member
*
Offline Offline

Posts: 1532135042

View Profile Personal Message (Offline)

Ignore
1532135042
Reply with quote  #2

1532135042
Report to moderator
clickerz
Hero Member
*****
Offline Offline

Activity: 896
Merit: 500



View Profile WWW
May 13, 2017, 01:10:21 AM
 #2

Meaning a state sponsored cryptocurrency to rival other altcoins and bitcoin. I think it is good on their country to utilized this blockchain technology and be used to enhanced the delivery of government services to its constituents. All will be accountable on the blockchain and transaction is recorded.

.......PLAY MOBILE GAMES MINE ......
███      CRYPTO-TOKENS EARN REAL MONEY      ███
                    ▄▄██▄▄
                ▄▄██████████▄▄
            ▄▄███████▀▀▀████████▄
         ▄███████▀▀        ▀███████▄▄
     ▄▄███████▀      ▄▄▄▄      ▀███████▄▄
     ███████▄      ▒███████▄▄     ▀▀█████
      ▀▀███████▄▄     ▀▀███████▄▄     ▀▀█
          ▀▀███████▄▄     ▀▀███████▄
     ██▄      ▀███████▄▄      ▀████████▄
    ▐█████▄▄      ▀███████▄▄      ▀██████
      ▀███████▄▄     ▀▀███████▄▄     ▀▀██
         ▀▀███████▄▄     ▀▀███████▄▄
    ▐█▄▄     ▀▀███████▄      ▀▀███████▄▄
    ▐█████▄      ▀████████▄      ▀███████
     ▀███████▄▄      ▀█▀▀      ▄████████▀
         ▀███████▄▄        ▄▄███████▀
            ▀▀███████▄▄▄▄███████▀▀
                ▀▀██████████▀▀
                    ▀▀██▀▀
.
     
        █░████████████████████   █░████████████████████            ██████░           ██████                  ████░░  ████████████████████  ███░████ ███████░ ███   ░███           
       ██████░░░░░░░░░░░░░░░░    ░██░██░░░░░░░░░░░░░░░           ░████░██░░          ███████░              ██████░░  █████░░░░░░░░░░░░░░   █████░   ██████░  ███   ░██░           
       █████                     ░██░█                          ████░█░█████         █████████            ███████░░  █████                 ███░     ███ ░███ ████ ░███             
       ░░████░░░░░░░░░░░░░███    ░██░█                         █████░   █████        ██████████░         ░██░████░░  █████░░░░░░░░░░░░░█░  ███░     ███  ░███ ░██████             
         ██░█████████████████░█  ░██░█             ███░█     ░█████      █████░      █████ ████░█      ██████ ███░░  ██████████████████░░                                         
                          █████  ░██░█             █████    █░██░█        ░░████     █████  █░████   ░█████   ███░░  █████                                                         
                          █░███  ░██░█             ░████   ██████          ░█████    █████   ░██████████░█    ███░░  █████                                                         
        ██████████████████░████  ███████████████████████ ░█████              ██████  █████     █░███████░     ███░░  ████████████████████                                         
       ░██████████████████████    █░████████████████░█░ ██████                ██████ █████      ░██████       ███░░  ████████████████████ 
.

▄▀▀▀▀▀▀▀▀▀▀▀▄
█   ▄▄▄▄▄▄   ██▄
█  ▓▓▓▓▓▓▓▌  ████▄
█  ▓▓▓▓▓▓▓▌  ███████▄
█  ▓▓▓▓▓▓▓▌  ▐▓███████▄
█              ▀▀▀▀▀▀▀▀█
█  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  █
█                      █
█  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  █
█  ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄  █
█                      █
█  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  █
█                      █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.

                              ▄████▄
                        ▄▄█████▀▀███
                    ▄▄████▀▀     ███
              ▄▄▄████▀▀    ▄▄   ▐██
          ▄▄█████▀       ▄█▀    ██▌
     ▄▄████▀▀▀       ▄███▀      ██▌
    ████▀        ▄▄████▀       ▐██
     ██████▄▄  ▄█████▀         ██▌
          ▀████████           ▐██
            ▀████▌            ███
             ▀███  ▄██▄▄     ▐██▀
              ███▄███▀███▄   ███
              ▀███▀▀   ▀▀███▄██▌
                          ▀▀█▀▀
deadsilent
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500



View Profile
May 13, 2017, 01:13:08 AM
 #3

Now they joining the innovative world. I bet cashless world will happen in the near future. As many countries now are creating their own cryptocurrency. Recently Ecuador https://www.google.com/amp/www.cnbc.com/amp/2015/02/06/ecuador-becomes-the-first-country-to-roll-out-its-own-digital-durrency.html
China https://coinidol.com/china-creates-its-own-cryptocurrency/
Now this. I think it will weaken more bitcoin dominance on market since China is going to have their own crypto. Since the largest volume of traders are on China.

▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄███▀▀   ▀▀███▀▀   ▀▀███▄
▄███    ▄▄   ▀   ▄▄    ███▄

███▌  ▄█████▄ ▄█████▄  ▐███
████  ███████ ███████  ████
████▌ ▐█████████████▌ ▐████
▀███▀  ▀███████████▀  ▀███▀
▀██▄▄▄▄███████████▄▄▄▄██▀
▀█████████████████████▀
▀█████████████████▀
▀▀█████████▀▀
.MOZO.
|.
||
▄▄▀▀▀▀▀▀▀▀▀▀▀▀▄▄
▄▀▀ ▄▄▀▀▀▀ ▄▄ ▀▀▄▄ ▀▀▄
▄▀▀ ▄▀▄ ▄▄▄▀▀▀▄▄ █▀▄▄▀▀▄ ▀▀▄
▄▀ ▄▀▀ █ ▀▀█▀▄  ▐▌█ ▄▄▄▀▀▄▀▀▄ ▀▄
▄▀ ▀▄▄█▄█▀▀▄ ▀▀▀▄█ █▀▄▄▀▄▀▄██▄  ▀▄
▄▀ ▄█▄▄▄▀█▄▀▀▀▄▄▀▄█▀▀▀▄▄▄ ▀▄▄▄▄▀▀▄▀▄
█▄▀▄▄▀▀▄▀ ▄▄▀▀▄▀▀█▀▄▄▀▀█ ▀▀▄▄▄▄▀▀▀██
█▄▀▀█  █▄▀▀▄▄▀▀▄█▀▄▄▄▄▀▀▄█▀▀▄ ▐▌▄  ▀▄█
█▀▀█ ▄█ ▀▀█▄▄▄▀▀      ▀▀▀█▀▀▀▀▄▀▄▀▀▄██
█ ▀▄▀▄ █  ▄▄█ ▀▀▄▀  ▄▀▀▄▀█▀▄▄▀▄█ ▄ ▄ █
█ ▄ ▀▄█ ▄ ▄█ ▀██▀ █ ▀██▀ █ ▄█ █  █ █ █
█ █  ▄ █▄▀▀█     █       █▀▄ █   █ █ █
█ █  █  ▀█▀ █    ▀▄▀   █ █ █ ▀  ▄▀ █ █
█ █ ▀▄  █ ▄█▀▄ ▄▄▄▄▄ ▄▀▄▀█▄▀  ▄▀ █ █
▀▄ █ ▀▄  █ ▀▄▀▄▄ ▀ ▄▄▀▄▀ █▐▌ ▄▀ █ ▄▀
▀▄ █  ▀ ██▀▄▀▄▄▀▀▀▄▄▀  ▐▌█ ▀ ▄▀ ▄▀
▀▄ ▀▄▄  █ ▄▀▄▄▀▄▄▀▄▀▀▄▀▄  ▄▄▀ ▄▀
▀▄▄ ▀▄▄▀▀▀       ▀▀▀ ▄▄▀ ▄▄▀
▀▄▄ ▀▀▄▄▄▄▄▄▄▄▄▄▀▀ ▄▄▀
▀▀▄▄▄▄▄▄▄▄▄▄▄▄▀▀
.
VERSACE
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
& .38,000 STORES. are
accepting MOZO TOKENS

CryptoBry
Sr. Member
****
Offline Offline

Activity: 462
Merit: 271


Zichain.io


View Profile WWW
May 13, 2017, 02:41:25 AM
 #4

I don't think it would have any effect on Bitcoin. Look here, the currency for international commerce is dollar and all nations have their own sovereign currency and they all live side by side as dollar did not kill the local currencies as well as local currencies did not kill the dollar. Bitcoin is that dollar here in the crypto-world and so we expect all cryptocurrencies to be living each other in harmony and even be complementing each other in the near future.

The so-called dominance is just all about numbers and can even be a myth...Bitcoin does not need to be that dominating force to be that useful and to continue to lead. Plus nationally-introduced cryptos can be limited in scope, value and usage...well just like the local currencies we have.

naughty1
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


BLOCKCHAIN BASED REIT


View Profile
May 13, 2017, 02:53:12 AM
 #5

Meaning a state sponsored cryptocurrency to rival other altcoins and bitcoin. I think it is good on their country to utilized this blockchain technology and be used to enhanced the delivery of government services to its constituents. All will be accountable on the blockchain and transaction is recorded.

No, they do not choose cryptocurrency to deal with bitcoin, they choose what coin they think is stronger than bitcoin for development. It depends on each person's thoughts. And in fact, bitcoin and cryptocurrency do not confront each other, they compete and support each other to generate a profit.

               ▐█▀▄███████▄▀██▄▄             
          ▄██▀█ ▄ █▄▄▄▄▄██▀▀     ▀▄         
       ▄▀█▄███▀███▐█████████        ▄       
      ▄██████▀█████▐█████████▄      ███▄     
    ▐███████ ███████▐█████████▌████▄████▌   
   ▄▐██████▀█████████▐████████▐██████▀███▌   
  ▐█▌█████▌███████████▐██████ ████████ ██ ▌ 
  ███▄▀    ▀███████████▐████▌██████████  ██ 
  ██▌        ▐██████████▐███▐███████▀▀▄▄ ▐█▌
  ██          ███████████▐█ ███▀▀▄▄████ ██▌ 
  ██          ▄▄▄▄▄███▀▀▀  ▐▄▄████████▌████▌
  ▀██        ▄██████████▀▄▄▄▀█████████▐███▀ 
   ██▌▄▄   ▄███████████▄█████▄▀██████▐██▀▄   
    █▐█████▐█████████▀▄████████▄█▀▀▀ ▀▀▄█▀   
     ▀██████▐██████▀▄██████████▀      █▀     
       ▀█████▄███▀▄██████████▀▀     ▄█▀     
         ▀▄█▀▀ ▀ ▀▀▀▀▀▀█▄▄▄████ ▄▄▄▌▀       
            ▀▀▄█▄▀▀██████████▀▄█▀▀           
                ▀▀▀▀ ▀▀▀▀▀▀                 
GLOBAL REIT       
REAL ESTATE INVESTMENT TRUST

██
██ ██
██ ██
██ ██
██ ██
   ██

██
██ ██
██ ██
██ ██
██ ██
   ██




█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ ████████████▀▀▀████ ██
██ ████████▀▀     ████ ██
██ █████▀    ▄▀  ▐████ ██
██ ██▀     ▄▀    ▐████ ██
██ ████▄▄ █▀     █████ ██
██ ██████ ▄▄█   ▐█████ ██
██ ████████████ ██████ ██
██ ███████████████████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

                We Are Everywhere 

Pre ICO: 20% Bonus! Get Whitelisted now!
rekinthis
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
May 13, 2017, 03:24:51 AM
 #6

That becomes more and more often nowadays, I'm assuming countries and the banks are starting to poop their pants when they see massive amounts of money flowing not only to bitcoin but to cryptocurrencies as well. It is the only question of time when banks will start going bankrupt again and the new crisis start. Also Palestine coin isn't the craziest thing I've heard, anyone heard about fedcoin before? Yes, usa is planning to launch their own cryptocurrency, it's just ridiculous, hopefully the inflation of their coin won't be as massive as the us dollar Cheesy
krishnapramod
Legendary
*
Offline Offline

Activity: 1316
Merit: 1035


View Profile
May 13, 2017, 04:39:28 AM
 #7


If they implement it then Palestine becomes the first country to choose a cryptocurrency as their national currency. Since it is going to be a country specific cryptocurrency, it is not going to affect bitcoin or other altcoins. Palestine has its reasons, no singular official currency, no money printing facility, no control over money supply. Sure this new currency is not going to be as decentralized as BTC.

Many countries are testing the blockchain technology and if some developed countries come up with this same concept then that might affect bitcoin.

Sithara007
Legendary
*
Offline Offline

Activity: 1148
Merit: 1013


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
May 13, 2017, 05:05:21 AM
 #8

They should rather use the Bitcoin and declare it as their national currency, rather than inventing yet another altcoin. Also, if the currency is controlled by the Palestinian Authority, then it will not be a decentralized cryptocurrency.

ubercool
Hero Member
*****
Offline Offline

Activity: 770
Merit: 503


Blockchain with a Purpose


View Profile
May 13, 2017, 05:29:32 AM
 #9

They should rather use the Bitcoin and declare it as their national currency, rather than inventing yet another altcoin. Also, if the currency is controlled by the Palestinian Authority, then it will not be a decentralized cryptocurrency.

And exactly that's why Palestinian Authority wants to make their own currency. They dont want their money to be controlled by people all around the globe. And thats why governments wont accept Bitcoin or any other cryptocurrencies.


      ▄▄█████████▄▄██
   ▄███▀▀       ▀▀███▄██
  ██▀   ▄        ▄▄ ▀██▀
 ██    ██        ██   ██
██     ██        ██    ██
██     ██ ▄▄▄▄▄▄▄██    ██
██    ██  ▀▀▀▀▀▀██     ██
██    ██        ██     ██
 ██   ██        ██    ██
 ▄██▄ ▀▀        ▀   ▄██
 ██▀███▄▄       ▄▄███▀
    ██▀▀█████████▀▀
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
      ▄▄█████████▄▄██
   ▄███▀▀       ▀▀███▄██
  ██▀   ▄        ▄▄ ▀██▀
 ██    ██        ██   ██
██     ██        ██    ██
██     ██ ▄▄▄▄▄▄▄██    ██
██    ██  ▀▀▀▀▀▀██     ██
██    ██        ██     ██
 ██   ██        ██    ██
 ▄██▄ ▀▀        ▀   ▄██
 ██▀███▄▄       ▄▄███▀
    ██▀▀█████████▀▀
Amph
Legendary
*
Offline Offline

Activity: 1946
Merit: 1001



View Profile
May 13, 2017, 05:37:33 AM
 #10

They should rather use the Bitcoin and declare it as their national currency, rather than inventing yet another altcoin. Also, if the currency is controlled by the Palestinian Authority, then it will not be a decentralized cryptocurrency.

And exactly that's why Palestinian Authority wants to make their own currency. They dont want their money to be controlled by people all around the globe. And thats why governments wont accept Bitcoin or any other cryptocurrencies.

why not? in the first case they would not change their global economy in the second yes, they would receive more money from other countries

every country that adopt bitcoin instead of his own fiat altcoin, it's like will receive a gift from other people around the world that buy and increase the value

doing what they are doing it's not different than remainig with their fiat money, minus maybe some lower cost because they would use the blockchain technology
Yuhee
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
May 13, 2017, 05:56:42 AM
 #11

Well that's rather new because i heard btc adapted by japan and why not a country making there own crypto currency?. And i think it's good to invest here because in time other countries would want to make there own currency and low chances of scams. But if these would happen countries that would make there own currency will make most transactions around the world in the blockchain or some the same sort and banks would be useless.
alani123
Legendary
*
Offline Offline

Activity: 1764
Merit: 1038


View Profile
May 13, 2017, 05:59:38 AM
 #12

Provided that cryprocurrency network's can be prone to remote attacks K don't see why an entire state would really on a national one. Perhaps this is just another piece of fake news because I don't see how this could be true.
davis196
Hero Member
*****
Offline Offline

Activity: 910
Merit: 508


View Profile
May 13, 2017, 06:01:33 AM
 #13


This sounds more like joke.Maybe Izreal will control this new cryptocurrency.
I don`t know how many people in Palestine have computers and electricity?
It`s better for them to adopt btc instead of creating altcoin.

ekoice
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
May 13, 2017, 11:00:53 AM
 #14


If they implement it then Palestine becomes the first country to choose a cryptocurrency as their national currency. Since it is going to be a country specific cryptocurrency, it is not going to affect bitcoin or other altcoins. Palestine has its reasons, no singular official currency, no money printing facility, no control over money supply. Sure this new currency is not going to be as decentralized as BTC.

Many countries are testing the blockchain technology and if some developed countries come up with this same concept then that might affect bitcoin.
Sure,it will be much helpful for palestine's progress.They are suffering a lot due to economic crisis and bitcoin has surely shown a new way for countries to create their own coins.
BitcoinHodler
Hero Member
*****
Offline Offline

Activity: 952
Merit: 547


HODLing is an art, not just a word...


View Profile
May 13, 2017, 11:12:57 AM
 #15

Provided that cryprocurrency network's can be prone to remote attacks K don't see why an entire state would really on a national one. Perhaps this is just another piece of fake news because I don't see how this could be true.

what is a "remote attacks K"?

anyways this is my understanding of these cryptocurrencies:
these things are usually a centralized altcoin they create to make their internal transactions safer and it is not open to public like bitcoin or altcoins. this means it is like how banks are communicating with each other now but in a much safer manner and using a different technology to keep the records also on their internal blockchain.














 

 

█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
BitBlender 

 













 















 












 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
stompix
Hero Member
*****
Offline Offline

Activity: 770
Merit: 629



View Profile
May 13, 2017, 01:12:03 PM
 #16


If they implement it then Palestine becomes the first country to choose a cryptocurrency as their national currency. Since it is going to be a country specific cryptocurrency, it is not going to affect bitcoin or other altcoins. Palestine has its reasons, no singular official currency, no money printing facility, no control over money supply. Sure this new currency is not going to be as decentralized as BTC.

Many countries are testing the blockchain technology and if some developed countries come up with this same concept then that might affect bitcoin.
Sure,it will be much helpful for palestine's progress.They are suffering a lot due to economic crisis and bitcoin has surely shown a new way for countries to create their own coins.
Progress?I doubt it.
They have far to many problems that can't be solved with a crypotocurrency.

And this whole thing is actually bad for bitcoin.
It would mean that once Palestine wants their own crypto probably they will take measures against bitcoin and any other altcoin.

A government or entity wanting more control over something is always bad news.





Pages: [1]
  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!