each state will create its own token?

[Gozie51]

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

State owned tokens I see it as regulation as there will be limitations to its usage. A state might decide how it operates her coin and so might not even list enlist it or take it off public market off and on either due to monetary policy of the local economy because they have hold on regulating.

So if it is not enlisted, would trading it still be possible?

[sofi@]

There's nothing wrong if states will make their own tokens it's like having a distinct currency just like the paper money of different nation but still bitcoin will be the global and main currency that will be used and accepted world wide.

[uszaty43]

Has anyone noticed that there are a lot of ico's and tokens about states and cities? I visited the Altcoins section on Announcements, and there are some coins like "New york coin" "londres coin" "Miami coin" this is amazing, it is obviously that this has only been created by a fan or maybe a resident from there, but it is nice.
Maybe you are not reffering to this, but it makes sense that we are probably going to see coins about cities.

[AmXProX]

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

If each state will create it's own token it may have a price as long as the number of token created is less than the state's population.Price increase will be slow because the demand is limited to few number of people.

[speedy963]

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.

If you do try out to read up again on what op said and mean then you would answer on different thing. If each state would decide to create their own tokens then it would surely be a centralized thing which would based on their own currency but this thing would be somehow take lots of works or adjustments since not all citizens is familiar on this kind of thing.

yes that is fact that if a altcoin is restricted to some particular area or state then it will certainly be centralize and will not as universal, But i think that this will not be succeeded, because people like to use a universal currency and therefore they will still refer to bitcoin, because bitcoin is a universal currency and it can be throughout the world with same value. 

Centralized or decentralized doesn’t make a currency universal. Even bitcoin cannot be used globally by everyone as so many people will not even be able to access it due to lack of internet and being hugely behind in technology. At the end for the state, we will just end up having a form of the usual fiat they have had before in the form of digital currency which will end up being controlled.

Future will be all about bitcoin and this can be surely predicted that if this coin start circulating everyone will know about it and should use it and whereas decentralization is concerned it is the quality of bitcoin it generates huge profits which are enjoyed by investors and as internet is available everywhere in world and all are using it so why not bitcoin.

Probably yes it should be like that, each state has its own token beacause we are targeting to decentralized currency in every country and each country has different fiat money. Only the government of each country will answer on how to make there national currency be defined if this digit currency will take over as a global currency nation wide.

Bitcoin was created as a sole purpose of having an international currency that can be accepted everywhere and anytime, with faster transactions although its not that fast and can be possible if you have internet connection anywhere then you can probably access, while those tokens were created with its own purpose and unique uses that is why they called it alternate, in response of bitcoin. If anything happens that each country has their own tokens then what is the main idea of those created tokens for a better purpose if a certain country wants only to use their own local digital currency? I think its no sense.

[Ilegendph]

One coin per state is way too much, it would be a hassle for the population. Hard to learn, hard to understand for the non-tech savvy...it just wouldnt work. We need to make it easier for the average folk to get into crypto, not harder.

I think each state will be willing to have their own crypto currency just like their fiat but i think that it will still remain as centralized currency, and therefore it cannot beat bitcoin, Bitcoin is in fact a decentralize currency which is present throughout the world and people can use it equally  everywhere. While the centralized currency will be under the control of a single government and they will treat it as they are treating their fiat currency.

I don't think each government will make their own coin to replace their local currency. Bitcoin and other cryptocurrency is not like local currency that is centralized and more stabilized. And also cryptocurrencies have their main purpose, like bitcoin its main purpose is to transfer money thru trust. Another is ethereum, its purpose is for smart contract. From this we can conclude that yes, government can create their own tokens but not for the purpose of eliminating their local currencies.

[acquafredda]

Our privacy will be gone forever if one day governments will start issuing their own crypto currencies. It will be worse than today where we are slowly losing touch with our wealth. We are going to be owned by the state that will know all our financial history. One might argue that this is already possible but state backed cryptos sound tremendously scary

[santino11]

they can do that ! it is a freedom of every country but if they will let go of all the alts and create tokens with each country thehre will be a monopoly again !

[Lanatsa]

Our privacy will be gone forever if one day governments will start issuing their own crypto currencies. It will be worse than today where we are slowly losing touch with our wealth. We are going to be owned by the state that will know all our financial history. One might argue that this is already possible but state backed cryptos sound tremendously scary

You do really have the point on where if government would decide to switch on making their own token then for sure all of holders would really be monitored which would somehow an odd thing when it comes on privacy when someones watches us regarding on our funds and the transactions would been made and even on the total we are holding.I would rather choose up to stay on local fiat though.

[goldade]

Our privacy will be gone forever if one day governments will start issuing their own crypto currencies. It will be worse than today where we are slowly losing touch with our wealth. We are going to be owned by the state that will know all our financial history. One might argue that this is already possible but state backed cryptos sound tremendously scary

You do really have the point on where if government would decide to switch on making their own token then for sure all of holders would really be monitored which would somehow an odd thing when it comes on privacy when someones watches us regarding on our funds and the transactions would been made and even on the total we are holding.I would rather choose up to stay on local fiat though.

The moment government issue its own crypto, the first thing you should forget is privacy or anonymity because with government, nobody is anonymous and even the procedure of getting a court order is merely by a way to satisfy all odds or for cosmetic approach. When this happen, I don't see it affecting bitcoin because its just going to be a like the various currencies we have today that with limited use to its own country and nothing else.

[palle11]

Has anyone noticed that there are a lot of ico's and tokens about states and cities? I visited the Altcoins section on Announcements, and there are some coins like "New york coin" "londres coin" "Miami coin" this is amazing, it is obviously that this has only been created by a fan or maybe a resident from there, but it is nice.
Maybe you are not reffering to this, but it makes sense that we are probably going to see coins about cities.

On the contrary, I think that if the coins keep pumping out without daily with out a means of regulation , it might breed high level corruption and fraud. Also, fake and notoriously coins will not go to the market .

[megynacuna]

Our privacy will be gone forever if one day governments will start issuing their own crypto currencies. It will be worse than today where we are slowly losing touch with our wealth. We are going to be owned by the state that will know all our financial history. One might argue that this is already possible but state backed cryptos sound tremendously scary

Exactly, that's why we shouldn't tolerate any little interference by the governments to regulate bitcoin or set new rules that seeks to control its usage in particular jurisdictions because they will end up invading our privacy and view all transactions and personal informations.

[cynical]

Our privacy will be gone forever if one day governments will start issuing their own crypto currencies. It will be worse than today where we are slowly losing touch with our wealth. We are going to be owned by the state that will know all our financial history. One might argue that this is already possible but state backed cryptos sound tremendously scary

Exactly, that's why we shouldn't tolerate any little interference by the governments to regulate bitcoin or set new rules that seeks to control its usage in particular jurisdictions because they will end up invading our privacy and view all transactions and personal informations.

i dont think so, i thi k that countries will create their own blockchain tokens and bitcoin will exist seperately as it does witn fiat now.

[Silberman]

The population still needs an internet connection to be able to use. So what about the citizens who don't have an internet access? They will become "unbanked"
USA (~300 million citizens) and Australia (~25 million citizens) are the top countries with internet access but still, only 90% of the population has access to the internet. It means over 32 million citizens won't have access to a banking (crypto-based) system
In some countries in Africa, only 10% of the citizens have internet access, it means 90% of the population won't have access to a banking system. Can't run this type of economy (cryptos based) in those countries.

The OP only suggested if each country will create their own tokens not that those tokens will replace cash, I think governments are going to try to create their tokens but whether those tokens are going to be successful is another story, people will use them but when things get difficult in the economy people will recognize that bitcoin is way better since it is independent of government direct control.

Even at this stage people have already been enlightened enough that whatever comes directly from the government is not good for them and will end up sticking with a decentralized currency instead. What is the point having something in form of a token that is not different from the usual fiat that you have been holding ever since.

This is true for us but what do you think it is going to happen, when more people adopt bitcoin and they are not aware of the real reason bitcoin was created on the first place, people are consumers and if their government gives to them a new coin they are going to accept without question, only people like us that know the true purpose of bitcoin will reject such a coin.

[BlueStackz]

It's possible but its not profitable in some cases. For example, a third-world country tries to create a token just a couple of months after its launch it might fail miserably. Internet and Advertisement is key in every ICO. If one fails to do so then it is bounded for failure.

It is crystal clear that every country is highly impressed by digital currencies and the way they work. They are definitely going to attempt launching their own currency. Recently India has given a hint about launching her currency called Lakshmi.

But again the question here is whether these will be successful or not? You have answered it well and I also believe that it demands hell of publicity to make your currency popular.

I don’t think so that there is any need of creating its own token when we have such a wonderful thing in the form of crypto currencies. The way crypto currencies are making such a good reputation in this world, I must say that each state should encourage the usage of the coins present in the world of crypto currency. Introduction of their own tokens will not serve the purpose.

[acquafredda]

Our privacy will be gone forever if one day governments will start issuing their own crypto currencies. It will be worse than today where we are slowly losing touch with our wealth. We are going to be owned by the state that will know all our financial history. One might argue that this is already possible but state backed cryptos sound tremendously scary

Exactly, that's why we shouldn't tolerate any little interference by the governments to regulate bitcoin or set new rules that seeks to control its usage in particular jurisdictions because they will end up invading our privacy and view all transactions and personal informations.

I'm sorry man, your view is too simplistic. We have no control over this. So long as Bitcoin and cryptocurrencies will give us a bit of choice I think we have to learn how to protect ourselves. As for the rest there's not much we can do.

[palle11]

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

I'm not really sure if you meant state as a country or state as a fraction of a country. Anyway , if you are talking about a  country, that won't be a bad idea because the it might make the fiat there to either compete with each other which could be healthy and it will boost the country's strength if it is listed in ICO market.

On the other hand, for a state as a fraction of a country to have a separate crypto, that will be a difficult task to do and it will breed division in the country as a whole.

[Wowcoin]

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.

That's true creating a own token of all countries i think its not a good idea we know that many people are not using internet. And they need a big capital for them to create and to add it on exchanger.
Yes PSB now is dumping then the developer have plan again to do a new currency.

[dmamigo]

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.

That's true creating a own token of all countries i think its not a good idea we know that many people are not using internet. And they need a big capital for them to create and to add it on exchanger.
Yes PSB now is dumping then the developer have plan again to do a new currency.

Making token  for separate countries would result in same as current situation. It will be kind of similar to the fiats of respective countries. I think after introducing such tokens, they will mostly put on some restrictions and regulations. Bitcoin is enough with various alts currently present in the market. And yeah token wouldn't help until the country is well built with advanced infrastructure. Or literally not even 50% could use it of some specific countries.

[Jewell]

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.

That's true creating a own token of all countries i think its not a good idea we know that many people are not using internet. And they need a big capital for them to create and to add it on exchanger.
Yes PSB now is dumping then the developer have plan again to do a new currency.

Making token  for separate countries would result in same as current situation. It will be kind of similar to the fiats of respective countries. I think after introducing such tokens, they will mostly put on some restrictions and regulations. Bitcoin is enough with various alts currently present in the market. And yeah token wouldn't help until the country is well built with advanced infrastructure. Or literally not even 50% could use it of some specific countries.

I think that most of the countries may already have start working on it. But it will work as centralize currency and therefore i do not think that it will compete with bitcoin, because bitcoin has the beauty that it is a decentralize currency and is present throughout the world.