If you cannot beat them, join them....

[Duzter]

What the Op has stated is clearly the real fact, if you can't beat with an innovation it's good to be a part of the network. Already several countries focused making their own digital asset for transaction within the country and cross border. One such seems to be the fedcoin. Maybe in future more banks starts adopting the technology.

[mozillaspez]

Government been looking for ways to have a centralized digital currency since 2011 and we care less if any of them create their own coin and try to control it.

Let their citizens buy it and keep using while we concentrate on using our own bitcoins. We all know this is totally against the gospel of satoshi and it is so paining them that people are now becoming wiser by the day seeing a way they can give themselves freedom without the government cheating them anymore and controlling their living status.

If it is about government and freedome then it is totally freedom because i also decentralized things and it is totally decentralized and freedom while government cheat everyone which is fair from government.

[celested]

Given the explosion of interest in bitcoin and blockchain, the underlying
technology that is said to have applications even more far-reaching than creation of
currency, central banks seem to want to hop on to the crypto bandwagon.

The US Fed came up with the idea of a Fedcoin whereas, a consortium of
Canadian private banks is already exploring the possibility of clearing and settling
large value payments using blockchain using a token called CAD-coin.

The report said that Indian Reserve bank might be named after the Indian
goddess of wealth ‘Lakshmi’ - coin.
But twist is The premise of cryptocurrencies is based on the very fact that it is
a) public and b) not controlled by governments or central banks.

Business is like a battlefield forever. Everyone wants to beat his opponent. But doing business we should turn enemies into you should cooperate. And anything that should make money in the right way will last long and grow later. What is the law of cause and effect.

[Flor1982]

Given the explosion of interest in bitcoin and blockchain, the underlying
technology that is said to have applications even more far-reaching than creation of
currency, central banks seem to want to hop on to the crypto bandwagon.

The US Fed came up with the idea of a Fedcoin whereas, a consortium of
Canadian private banks is already exploring the possibility of clearing and settling
large value payments using blockchain using a token called CAD-coin.

The report said that Indian Reserve bank might be named after the Indian
goddess of wealth ‘Lakshmi’ - coin.
But twist is The premise of cryptocurrencies is based on the very fact that it is
a) public and b) not controlled by governments or central banks.

If possible, I would like to share this phrase to JP Morgan personally because i believe he was very obsessed to the down fall of bitcoin and altcoin so that his self interest hidden agenda will prevail. He is trying to hard to use the media so that it will broadcast to everyone in the world for sure that bitcoin is wrong but instead until this very moment bitcoin and altcoin value is at very stable situations.

[Herbert2020]

your title is pretty weird because all these things you named are not really joining bitcoin revolution nor they are joining the decentralization revolution. they are the same old financial systems owned by the same people doing the same thing but the only difference is that they are using a new underlying technology for the same thing.

in a sense this is good since that will improve the financial systems and increase the security of banks to some extent but it is still not the same as bitcoin which is the decentralized and without border money. and it will never be.

[fiomcorka]

none of these can really be considered "hopping on crypto wagon". they are just creating their own thing and centralizing it. that goes against the first things that bitcoin as the first big cryptocurrency introduced to the world.

many are actually interested in bitcoin just because it is decentralized and stay away from most altcoins because they are not. a government/bank issued tokens may be good and it may even make the banking system more efficient or even safer but none of them will be the cryptocurrency movement to decentralize money transfer.

The government and conventional banks want to switch their technology to a faster one and that is moving to blockchain. It will bring no change to the currency of the government nor will public except some little portion of the whole will get a wide benefits.
Even if government switches to blockchain it will not be a decentralized currency which will again be in favour of bitcoin which people like it for being decentralized.

I think the government also realized a lot of people are already into bitcoin and the technology is much modernized and faster if they use blockchains, but I really think they will secretly hold bitcoins too aside from creating a cryptocurrency. A lot of investors have realized the use of these coins and decided they'll just join them instead of going against it. It's also a form of tactics on their end.

You are absolutely right that governments have realized that they cannot control the prices of bitcoins because of its increasing popularity and a large number of users from all over the world. So they thinking of joining bitcoins and started investing in bitcoins to ensure their safety if bitcoin damages their country’s economy.

[liuqi]

your title is pretty weird because all these things you named are not really joining bitcoin revolution nor they are joining the decentralization revolution. they are the same old financial systems owned by the same people doing the same thing but the only difference is that they are using a new underlying technology for the same thing.

in a sense this is good since that will improve the financial systems and increase the security of banks to some extent but it is still not the same as bitcoin which is the decentralized and without border money. and it will never be.

Since Japan, India and Philipiness made bitcoin as a legal money to use in their country why you still saying that bitcoin is decentralized money to use.

Banks are not best doing when compare with bitcoin, they regulate everything but consumes unwanted fees but bitcoin only charge you transaction fees and act like investment if we hold the bitcoin as well.

[Trela]

none of these can really be considered "hopping on crypto wagon". they are just creating their own thing and centralizing it. that goes against the first things that bitcoin as the first big cryptocurrency introduced to the world.

many are actually interested in bitcoin just because it is decentralized and stay away from most altcoins because they are not. a government/bank issued tokens may be good and it may even make the banking system more efficient or even safer but none of them will be the cryptocurrency movement to decentralize money transfer.

The government and conventional banks want to switch their technology to a faster one and that is moving to blockchain. It will bring no change to the currency of the government nor will public except some little portion of the whole will get a wide benefits.
Even if government switches to blockchain it will not be a decentralized currency which will again be in favour of bitcoin which people like it for being decentralized.

I think the government also realized a lot of people are already into bitcoin and the technology is much modernized and faster if they use blockchains, but I really think they will secretly hold bitcoins too aside from creating a cryptocurrency. A lot of investors have realized the use of these coins and decided they'll just join them instead of going against it. It's also a form of tactics on their end.

You are absolutely right that governments have realized that they cannot control the prices of bitcoins because of its increasing popularity and a large number of users from all over the world. So they thinking of joining bitcoins and started investing in bitcoins to ensure their safety if bitcoin damages their country’s economy.

They will invest into Bitcoin, but they do not care Bitcoin can damages their country's economy or not, because the profit they can receive from Bitcoin more than that. Although this word maybe is wrong, but this is my opinion hehe.