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Author Topic: each state will create its own token?  (Read 1834 times)
nebuch
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January 01, 2018, 08:51:17 AM
 #141

Every state have its own political will. They have its own government to do so. Every state having its family member, church, school, hospital, businesses.
If one state creates its own coin to use as a medium of exchange they can do it because the power to create is in their hands to make it possble. It should experience a little adjustment incase that it will happen. The communities have its own freedom to express their own will. They can decide to accept it whole heartedly. Everything goes according to what will be. Every decision to  make its own coin will probably take some risk to make it happen.

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January 01, 2018, 12:34:56 PM
 #142

All we need for trading any cryptocurrency is access to internet. So any cryptocurrency which is created is global.
yes I agree with that all readings of any cryptocurrency is always access to internet that's why it is created globally and many of them is always taking a part of it.

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January 01, 2018, 12:44:01 PM
 #143

I think its not advisable for a country to create their token substitute for their currency because its in their control, what I am expecting is that every state will create a project that is based on blockchain to improve their services rendered to the tax payers.

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January 01, 2018, 12:53:56 PM
 #144

This won't work. Having its own token will just lower the value of the token that has not been in used that much. State economy might easily fall.

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January 01, 2018, 01:00:09 PM
Merited by assyla (2), Magkirap (1)
 #145

Hello people!As you consider whether each state to create their own tokens? under its currency?
Actually, all states do have their own currency which maybe based from other countries currencies or just made and established by their own government. Well, if each countries or state will be creating their own customized tokens for different purposes or usages, it will be just fine because it has been already made since then that each countries have their own currencies so no matter what happen if they will established their own tokens, it will not be different anymore.

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January 01, 2018, 04:17:25 PM
 #146

Already each and every country have their own fiat currencies so it is no need to create tokens for each country.The basic property of crypto currency is decentralized if it was controlled by their government it is same as the fiat economy,so creating separate currency for each country is not a good idea.
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January 01, 2018, 05:44:03 PM
 #147

This is really possible to happen, but the question is this really helpful to some countries given that we use different cryptocurrency every countries and state, i can be a disaster to think in some country who has great inflation rate to adjust the change
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January 01, 2018, 06:24:49 PM
 #148

I don't think this is gonna happen .

Firstly​ by each state.. we are counting those countries too that are.. unable to cope up with their low value of Currency​and poverty , those too that are always in a war against the world.. there are many things one needs to consider before creating a token ..
Will everyone be able to use it ?
Do they hold that much.. people with access to Internet .

You know in many parts of the world we aren't even anle to make sure they don't sleep in dark so .. I think firstly other problems needs to be solved or else it won't work .
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January 01, 2018, 08:37:39 PM
 #149

I think this scenario will not be real, it is technically not very difficult, even some countries can make their own digital money. But is this necessary? It is not neccesary, I think. Every country has its own economy law.



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January 01, 2018, 10:28:23 PM
 #150

Hello people!As you consider whether each state to create their own tokens? under its currency?
We do have. Each country has in their own currency. Realy coin, real matterial money. I dont get what you are trying to ask. If each country will produce virtual currency base in their local currency? I dont know how will it happen.
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January 01, 2018, 10:40:07 PM
 #151

Hello people!As you consider whether each state to create their own tokens? under its currency?
.                     I dont think so that every country Will create their own token, because it so expensive to do it, How much they gonna pay to produce that kind of token if just in case?  One more thing we use token if ever for exchange. For what is the use then of each countries local coins if they Will produce another one. So token can only exist through computers as being a digital currency.

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January 01, 2018, 10:43:27 PM
 #152

Those tokens that will be created through each state is like they are digitizing their own fiat system. That will be useless if they'll do that if most of their citizens are into crypto already, they'll just use that token/digital currency just to purchase things that they need and majority will stay in crypto such as bitcoin since it's value is growing. Most countries don't prefer to create their own token, they are good already with cash basis.

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January 01, 2018, 10:46:14 PM
 #153

What do you mean with under its currency? Most countries use the fiat system where they can create as much as they want and this creates the inflation and loss of the value of our money. Do you have any idea how a government issued token could run where they can create as much as they like?
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January 03, 2018, 03:58:15 PM
 #154

I don't understand the idea of creation of the state currency. Why is it needed if the idea of crypto is decentralisation and globalization... but I still don't believe in the idea of a single global currency because this may lead to poverty in many countries. So, let fiat and crypto exist in parallel
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February 24, 2018, 02:14:11 PM
 #155

If globalization between countries strenghtens we can see the creation and development of unified international cryptocurrency.
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