Dubai Will Issue First Ever State Cryptocurrency

[PointHope]

Bitcoin will be borderless and not bound to the political decisions of a single country, making it even better. We have seen how

stupid political decisions has ruined Fiat currencies value in some countries. {Zimbabwe, Venezuela etc...} These "State"

Crypto currencies will follow the same path. The governments wants more coins, so they just change the code <-- It's biggest

point of failure. 

right on the money!

In a free market state issued crypto will fail.

expect the federal reserve to follow, they also will fail.

security, transparency, and global acceptance will rule.

Fuck central government and fiat banking.

the people finally have a choice, and that choice is independence from corporate/government corruption.

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[stompix]

Russia also want to start them own one not know what will be difference between it and BTC 

They will just create a digital cash alternative.
Instead of visa servers there will be a blockchain.

The main differences will be:
- no mining
- no price fluctuation (one coin will always be one rubble)
- centralization (which might imply transactions rollback)
- and there might even be individual wallets generated only with an government id
- probably unlimited supply

That would be great if Dubai launch the cryptocurrency, Dubai is known for adopting the new technology and I am sure they will set an example for other countries to follow the crypto revolution.

What would be so great in creating a centralized government controlled fiat coin?