each state will create its own token?

[Altas]

If such a situation arise, then surely the digital growth gets affected in a large scale. Because while a difference is created between states, automatically the capital volume gets affected and the same will create a decreased value for the tokens. Also one feels difficulty in usage when user can't use one state's token over the next state, though both states belong to the same country.

[john2231]

This is still not happening but there are some altcoin as token represent our country bu not controlled by government.. and its been a long time was already discuss this just forgot the title but the same question .. and until now its still no country are making their own token for their fiat and i think its really don't need to.. because we already have some real money and virtual money online the same name so this token will be use less if they made this .. and bitcoin could be one of the good virtual token that we can use online..

[edynolan]

if every country legalized crypto would likely make each token as a means of payment in their country, but this would make a decrease in income in banks that use where fiat money because people prefer new tokens in their country for daily payments and new investment venues they

[zarados]

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

I have exactly the same questions. As we seen today, there's alot of token has created, its even increase day by day. And I wonder , if each country in the world, have created their own cryptocurrency as a replacement of the current currency. I Thought it could be happen. For example, if USA created their own cryptocurrency, they would call it $token, or something else. Each country have a different token, and also a different price, just like the current currency. It will made the world become more digital. It might be, Someday.

[Pivo]

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

No. I would support that each country would create their own tokens ratger than each state. It would be hard to trade from one state to the other due to the volatility, difference in price due to different level of demand making a sort of barrier to one state to the other.

[Fuhre]

All we need for trading any cryptocurrency is access to internet. So any cryptocurrency which is created is global.

about your global crypto is true, maybe if the country makes their own coins, I think it's just localized.
May be used only for one country only.

[webtricks]

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

Isn't a good idea. In current fiat currency system, we consider the inflation of money to be zero/constant hence person spending either his first or last unit of money has same affection towards both.
But if such system is replaced by state-based cryptocurrency then the supply of money will become limited. This will initiate speculation activities and people will start holding their money, hence, will decrease the liquidity of money. Along with inflation of items, concept of inflation of money will enter the economy. Now the last unit of money spend will be more dearer to consumer than first unit. Thus such system may not work out very well.

[Indrawan77]

All of the state is tempted to try to make their own currencies, not only state but I am sure most of the people ever thought of making their own coin, but it is not a good idea,it will make  more unused coin and in the end the coin will have zero value, I think the country should focus on supervise and control their fiat value

[aizen10]

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

Im not sure if that was a good idea because in order to create a token we just only need an internet means it can be use and accesible worldwide.
In my country Philippines, some bitcoin user created PSB token (pesobit) like pesos currency but it seems that coins is going to dump now.

yeah, not more country want to implement their own token to be use on their own, because without the internet, its useless like for example of this PSB which implemented in philippines are soon to dump and flap like a bubble. much better to use cryptocurrency for world wide use for more clients and modern upgraded system. because most of people now are using internet in their whole daily activity for their work.

[krishnapramod]

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

At some point in time we will see governments coming up with their own state-backed cryptocurrencies. Countries like US, China, Russia, Japan, Singapore, India etc are already looking at this possibility. Adopting Blockchain technology to issue centralized cryptocurrencies would lead to digitalization of an economy and in the long-term it might gradually transform a cash-based economy to a cashless society.

A country like Sweden where only about 15% of transactions are in cash, a state-sponsored cryptocurrency would be quickly adopted by their citizens. But it isn't the same with other countries, like India where only 2% of transactions are cashless. So basically if a country comes up with their own cryptocurrency, it would be a parallel system where both a cryptocurrency pegged against the primary currency and Fiat both would co-exist. As far as adoption of a centralized cryptocurrency is concerned, it would depend on a country's cash to cashless transaction ratio.

[pugman]

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

Probably yeah, now that the market of crypto is bullish and has become a world wide trend off late thanks to one, ransomeware attack and two, bitcoin 's price. People are getting to know that such a thing called bitcoin exists and it's per coin worth is more than 4700$. So what governments are planning to do is to release their own centralized currency with blockchain interface and technology involved in it.

[audrey12]

It will not matter if all country creates their own token out of their own currencies what important is that the people who will use their tokens because if the market for such will not increase then their tokens might only got lost and may be out in the circulation after few moments besides if there are lots of token I don't think people will love having them all. surely only few can stand.

[omonuyak]

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

It will be good for each state to create their own token under blockchain technology or ethereum and if possible the monetary system we have now should be scrap. Bitcoin and cryptocoins technology provides the best system for all of us and it creates the best system. Bitcoin represent freedom and governments should study this great system and adopting it to their financial institutions and if possible are Educational system.

[adam1230]

Limiting tokens to only one state is not a good idea. Every token needs to reach more people so no one wants to limit its market.
Also all fiat currencies are global and not limited to a country.

[PETES]

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

Nah, I don't like the idea. I would prefer more just to use one token as currency not only in one country but in whole world. Well I'm definitely talking about bitcoin. In this way, many more people around the world will use bitcoin and its price will get more valuable. We don't need many tokens that will just end up a shitty coin.

[ethereumhunter]

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

it could be happen as long as before they create their own tokens there is internet connection available. without the internet, they can not create the tokens. but i don't think their tokens can get famous because the tokens is for them only and if the outsider wants to use, then they should thinking what their benefit from using the tokens.

[Gotomoon]

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

Nah, I don't like the idea. I would prefer more just to use one token as currency not only in one country but in whole world. Well I'm definitely talking about bitcoin. In this way, many more people around the world will use bitcoin and its price will get more valuable. We don't need many tokens that will just end up a shitty coin.

Yes, it is best if one will create token this would be globally to become popular. It is needed of internet access to implement this token. If state will create token probably it will not be hit in industry, so much better to create token which can be access by many.

[avikz]

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

The goal of the digitization of money to make it simplified and not complicated. So if each state of a particular currency creates its own token under the main currency, it will create a lot of confusion and also slow down the inter-state business due to the huge exchange rate fluctuation. It will make things more complicated instead of simplify it.

What we must aim for is "one world one currency". That is the most complicated matter to implement but once it is implemented, it will simplify the world economy to a different extent. There will be no exchange rate difference around the world. So it will create a healthy competition among the production industries. Same wage will be given worldwide so that world economy will come at par. A steel producer from China will have to compete against a steelk producer of UK because the product price will be same. The the product quality will be increased at the same old price. There are a lot of other benefits as well which can't be written in this thread. I know "one world one currency" is a distant dream but if it happens, it will bring good news for all the common hard working people worldwide.

[azguard]

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

Nah, I don't like the idea. I would prefer more just to use one token as currency not only in one country but in whole world. Well I'm definitely talking about bitcoin. In this way, many more people around the world will use bitcoin and its price will get more valuable. We don't need many tokens that will just end up a shitty coin.

Yes, it is best if one will create token this would be globally to become popular. It is needed of internet access to implement this token. If state will create token probably it will not be hit in industry, so much better to create token which can be access by many.

Dont think that even creating Token will be good idea. What will crypto community gain in this nothing except another altcoin. Just image what would it be if every state create another 200 coin, this would be by me total disaster, and believe that many exchanges would not allow this to be placed under them.

[Basmic]

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

Nah, I don't like the idea. I would prefer more just to use one token as currency not only in one country but in whole world. Well I'm definitely talking about bitcoin. In this way, many more people around the world will use bitcoin and its price will get more valuable. We don't need many tokens that will just end up a shitty coin.

Yes, it is best if one will create token this would be globally to become popular. It is needed of internet access to implement this token. If state will create token probably it will not be hit in industry, so much better to create token which can be access by many.

Dont think that even creating Token will be good idea. What will crypto community gain in this nothing except another altcoin. Just image what would it be if every state create another 200 coin, this would be by me total disaster, and believe that many exchanges would not allow this to be placed under them.

States have a great opportunity in order to establish themselves and to ensure the exchange and circulation of their own altcoins. With the advent of the bitcoin and the existing banking system is losing its relevance and tanks will have to upgrade their activities. Therefore, this scenario is very possible.