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Author Topic: each state will create its own token?  (Read 1838 times)
bitllionaire
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October 24, 2017, 11:51:23 PM
 #121

Hello people!As you consider whether each state to create their own tokens? under its currency?
I cannot stop laughing to think of a time when each and every state starts their own token,who will be using those coins ,even now we have more than thousand tokens and it is really hard to keep track with all the coins and i really do think we have to have some regulation on who can start these tokens and start earning money from thin air.
Exactly what will be the purpose of having their own cryptocurrency? Because I don't see any advantage of having too many cryptocurrency floating around the world. But if a thousand or more cryptocurrencies exist in the future I can only see bad things from making crimes more easier to be done through the web through the possibility of a country's economy falling because of the cryptos' security features.
Yes that can also be a good question, because their altcoin will be centralize and may not be working anywhere else. I think they already have online system in their banks for transaction and having visa card can be use for online shopping in their local shops. they what may made them thinking about creating their own crypto currency.
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October 25, 2017, 01:06:18 AM
 #122

Maybe It's come true but each state have respective wisdom and we must respect them. Many state support cryptocurrency but the other refuse cryptocurrency. I think that the different is attractive Smiley
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October 25, 2017, 01:37:17 AM
 #123

That is essentially having 50 different countries, each with their own currency, engage in the same market. Probably not the best way to go about unifying the world under one currency.
I don't really think if that would happen, since a lot of coins created in the market. Maybe it is best if the government will adopt one coin among existing coins in the market rather than making a new one.

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October 25, 2017, 02:04:27 AM
 #124

Hello people!As you consider whether each state to create their own tokens? under its currency?
I think in a country that has already received bitcoin, they will create the token itself.
 
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October 25, 2017, 02:10:29 AM
 #125

it might happening, since putin are agree about making their own altcoin for rusia. this means rusia is prepare for what cryptocurrency would bring to their country. i think this way would drive other country to do the same as what putin might done in the future

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October 25, 2017, 02:14:34 AM
 #126

for me i don't think is necessary for every state to create there own token.
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October 25, 2017, 02:28:31 AM
 #127

If each state has own crypto than what is the difference between fiat and crypto, only difference is digital currency.
As we all know every token has different value for eg. VIB, DAO, EARTh, when people want to use other's state token than they will have to exchange own token into state token. But everything will be done in digitally no paper money anymore.

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October 25, 2017, 02:31:11 AM
 #128

i don't think that it is a good idea. it is too way impossible because i think government will not allow it to happen. each currency in different countries carries our nationality. though i believe that bitcoins will be popular in each country but creating a token in each state? is a big NO! NO!

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October 25, 2017, 02:46:49 AM
 #129

Hello people!As you consider whether each state to create their own tokens? under its currency?

I don't think so because no country wants to give a decentralize currency to their citizen and loose the economic control from their hands. And if there is Internet everywhere than it could be accessible from any part of the world. So there is no logic behind create such a vague and useless currency.
Exactly it will not be private in your country inly the fact that it can be access through the used of technology. Why do country need to make their own token? For what purpose? It will just diminished or affect the economy of your country so I think this wont happen. Just like in the philippines they mase a pesobit coin but suddenly it results to a dump of coin.

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October 25, 2017, 02:54:04 AM
 #130

Hello people!As you consider whether each state to create their own tokens? under its currency?

I don't think so because no country wants to give a decentralize currency to their citizen and loose the economic control from their hands. And if there is Internet everywhere than it could be accessible from any part of the world. So there is no logic behind create such a vague and useless currency.
Exactly it will not be private in your country inly the fact that it can be access through the used of technology. Why do country need to make their own token? For what purpose? It will just diminished or affect the economy of your country so I think this wont happen. Just like in the philippines they mase a pesobit coin but suddenly it results to a dump of coin.
If the government will make their own country coin then it will become successful but if the creation is done by just a person then the coin will not succeed like what happened in pesobit like you said that it resulted for being a waste. One of the purpose that i think why they will create their own coin is they want to have their own version and to attract their people to just use their own token rather than using the more volatile kind of coin.

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October 25, 2017, 03:05:01 AM
 #131

This is a good question. The countries have their own money (fiat moneys) and are used everyday. If the crypto would be a currency the whole world would be in a hurry and of course the wealthy nations and the poor would be fair. So the nations will make their own coins so that they will see how much they are at a higher price.
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October 25, 2017, 04:23:09 AM
 #132

Hello people!As you consider whether each state to create their own tokens? under its currency?
Having a token in each countries it signifies of what country it came from, is just similar to fiat currency that every country have their own local currency. I think it is not a good idea, because all we need is to have a single currency that make all of us unite not by having a discrimination towards others. Bitcoin currency is enough for us as considered to become a global currency aside from USD.

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October 26, 2017, 01:58:41 PM
 #133

Hello people!As you consider whether each state to create their own tokens? under its currency?
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I don't agree with this. I mean if every state were to have their own tokens, then this will just complicate things. Imagine if you go to a different state, you need to convert your own token to that particular token just for things to work out.

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October 30, 2017, 11:24:55 PM
 #134

Hello people!As you consider whether each state to create their own tokens? under its currency?
I cannot stop laughing to think of a time when each and every state starts their own token,who will be using those coins ,even now we have more than thousand tokens and it is really hard to keep track with all the coins and i really do think we have to have some regulation on who can start these tokens and start earning money from thin air.
Exactly what will be the purpose of having their own cryptocurrency? Because I don't see any advantage of having too many cryptocurrency floating around the world. But if a thousand or more cryptocurrencies exist in the future I can only see bad things from making crimes more easier to be done through the web through the possibility of a country's economy falling because of the cryptos' security features.
There will not be a point for those tokens, the general public will not accept them and people like us that know what it is going on are never going to accept to use a coin created by a government we are not dumb the reason we are using bitcoin in the first place is because we no longer believe in the fiat printed by governments and I’m not going to trust a government with printing my crypto either.
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December 17, 2017, 01:04:55 PM
 #135

Regarding the token of each country must explain in detail related to the purpose to the public, if at any time the country releases the government must be thorough not only for the sake of sudden or personal interest, I think the community must be guided in advance to be conducive.

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December 17, 2017, 01:23:33 PM
 #136

Hello people!As you consider whether each state to create their own tokens? under its currency?

I think for me,having a token in each countries it signifies of what country it came from, is just similar to fiat currency that every country have their own local currency. I think it is not a good idea, because all we need is to have a single currency that make all of us unite not by having a discrimination towards others. Bitcoin currency is enough for us as considered to become a global currency aside from USD and I also think that if the government will make their own country coin then it will become successful but if the creation is done by just a person then the coin will not succeed like what happened in pesobit like you said that it resulted for being a waste.
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December 17, 2017, 01:26:13 PM
 #137

I was thinking of that possibility. New era of the world is coming thats why some changes must be done. China for example, they ban bitcoin because they want to have their own tokens which their people will utilize and might be competition of bitcoin. This process is evolving to different big country. But if its for worldwide? I doubt it. Many country dont have stable and fast connection (sadly, my country is one of them). If this coins/token will be use, ofcourse connectivity is an important factor to use. Maybe this possibility will take up more years to be globally implement.

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January 01, 2018, 12:31:31 AM
 #138

Hello people!As you consider whether each state to create their own tokens? under its currency?
yes, now every country already has its own token even though it has not been able to compete with bitcoin but I am sure one day there will be a bitcoin rival

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January 01, 2018, 01:57:37 AM
 #139

maybe soon we can see that each state create a new token because I think they can get some benefits from this and they will invite many investors from their state to join with them. I can imagine what will happen later if every state creates the tokens because as of today, there are too many states that have the chance to create a token and I don't think that every token created will be the success in the public.

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January 01, 2018, 08:26:47 AM
 #140

Hello people!As you consider whether each state to create their own tokens? under its currency?

That is a fact though, that anyone or any organization can indeed create their own cryptocurrency.
Nothing is stopping them from doing so, but the process of making that token or currency survive
and endure is a different approach. It is an ambitious aspiration and maybe some have pulled it off
better than others. But wouldn't it affect the economic relations? Like any other situation, there
will always be a positive and negative factor to such a venture.
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