Many national central banks plan to launch digital currency. What do you think?

[duola9527]

In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency， Do you think these digital currencies are similar to bitcoins?

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[duola9527]

The popularity of bitcoin has been soaring at an incredible speed. The main reason is that it is controlled by any organizational structure. It is a decentralized currency, which can break the barriers of the state and make transactions from all over the world simple and feasible～

[Lyancy001]

In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency， Do you think these digital currencies are similar to bitcoins?

Well, they are trying to get along with cryptocurrencies now, because if they don't they will be left out of the future awaiting for it.

[sangwookie]

which is a good thing but I think countries will have to really think about if it would be better for everyone in the country. I think the banks and centralized systems would be scared of losing their jobs. For the people, yes, it would be better but there is always the threat of hacking. The currency would have to be trackable which would lose the allure for most people. Then you have the credit card operators and bank transfer companies which have huge power. Crypocurrency would put them out of business. As a society, digital currency would be good. Regulations and rules however, would prevent it from being executed properly. If it is not executed properly then everyone would run to get cash, gold or something else that has value.

It will take time before the world is ready for cryptocurrency.

[Lancelot04]

In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency， Do you think these digital currencies are similar to bitcoins?

Nice. They are now practicing the world for cryptocurrencies, we will be even richer now. Perhaps, we should support them also.

[charlotte04]

In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency， Do you think these digital currencies are similar to bitcoins?

Finally, the world is going to evolve into a cashless society. Not so long from now, we will be able to buy things without FIAT.

[Keptone]

I do not think so, Bitcoin is standard out from whatever circumstances, I see great things happening in 2018

[TheGodFather]

In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency， Do you think these digital currencies are similar to bitcoins?

I think this is something that was expected of banks as they knew that with cryptocurrency on the rise and bitcoin in ascenant it would just be a few more time needed to have them being obsolete as a result they are launching their own cryptocurrency

[pootutus]

This message is a good thing for encrypted money, because it shows that many countries are beginning to attach importance to the block chain. But I don't think that the virtual currency made by these countries has a good future, because a very important problem is that these coins are not transparent, but not centralized.

[sicparvismagna]

Probably what else is at hit and sky trending with the media now none other than bitcoin. Because when probably ask by cryptocurrency they will answer you bitcoin. With the price skyrocketing as much as 11,000 there's no doubt that many more country are here to accept bitcoin as of mode of currency in their country.

[rxplcgna]

I don't approve of such an encrypted currency. These government coins are not really centralization, at least it's not a fair coin in the short term.

[btc_angela]

In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency， Do you think these digital currencies are similar to bitcoins?

But have you seen them being successful though? To my knowledge I haven't seen any crypto backup by the government becoming successful or I might be wrong though. Russia has its own just recently, but the problem is that its heavily tax around 13%. And who would buy that kind of coins if the government will kill them with high taxes?

This message is a good thing for encrypted money, because it shows that many countries are beginning to attach importance to the block chain. But I don't think that the virtual currency made by these countries has a good future, because a very important problem is that these coins are not transparent, but not centralized.

You don't understand. How can this be good if the government back up crypto is regulated or centralized? The reason why they are creating is just to satisfy their population who loves crypto but with high taxes and heavily centralized, much better to buy stocks or mutual funds or bank notes.

[senin]

So far, many states have announced the creation of their own crypto currency, but we do not yet have in practice the results of the operation of such a digital crypto currency. National crypto currency can not be compared with bitcoin, since their functions and tasks will be different. The national crypto currency will be fully centralized and controlled by the state, it will go predominantly inside this state, while the bitlocked decentralized crypto currency, which is not tied to a specific state and is not controlled by any state, its boundaries are not limited.
     We can not yet judge the effectiveness of the national crypto currency, since there is no example of such circulation of the national crypto currency. It would be interesting to see how such crypto-currencies will interact with each other.

[pooya87]

people who ask this particular question always miss the main point of using bitcoin.
you see people are not using bitcoin just because it is a digital currency. they are interested in bitcoin and use it because it is a decentralized currency. of course there are lots of other reasons such as the rising price, the security, fast speed and cheap fees (at least for high value transactions these days), but the main one is being decentralized.
with that said, all these "national coins" are centralized. there is no difference between using them and using a bank. these may become popular but bitcoin will stay strong still.

[T-Gee05]

They are like.. "If you cannot beat them.. join them!" This means that blockchain technology is being accepted by centralized banking agencies. Soon after that, government will be taxing that too.

[shezu007]

people who ask this particular question always miss the main point of using bitcoin.
you see people are not using bitcoin just because it is a digital currency. they are interested in bitcoin and use it because it is a decentralized currency. of course there are lots of other reasons such as the rising price, the security, fast speed and cheap fees (at least for high value transactions these days), but the main one is being decentralized.
with that said, all these "national coins" are centralized. there is no difference between using them and using a bank. these may become popular but bitcoin will stay strong still.

Indeed i am also agree with the point that yes now governments are trying to launch digital currency and the reason is that now more and more people are following digital currency like bitcoin but the issue between the bitcoin and the coming launching digital currency that are still planning for launching will centralized and decentralized. people are following bitcoins because they are decentralized while when government launch digital currency then that currency will be centralized and off course there will be no big difference while using bank or that centralized currency.

[btccointalk]

I think this will be a really great initiative if banks start to launch bitcoin in central banks.

[Kakmakr]

You have to look at the motives to figure out why these central Banks are doing this. One of the motives is control over all transactions being done. < they currently only have limited control over cash > If they run their own little private Blockchain, then this information can be data mined and monitored by them and also entities that are given access to monitor this. < The government & tax authorities will get access first >

Once they implement this and fiat cash is removed, you will have NO financial privacy anymore. ^grrrrrr^

[Nowherman]

I think the governments of many countries have seen the benefits of digital currencies and blockchain using, on the bitcoin,
etherium and other altcoins example. In addition, any state should conduct its monetary policy and regulate the money issue.
Mass use of crypto currency violates their monopoly. But the usual prohibitions can not stop citizens from using settlements in crypto-currencies.
Therefore, governments have only one way out for themselves to issue their own crypto currency.

[Best Dreams]

In some countries the central bank launched a digital currency independent in consideration, such as the recent news that the European Central Bank in the euro currency ECB-Coin, consider pushing digital encryption currency bank of Canada on self advantages and disadvantages, Russia must figure out the ruble, even bitcoin is not friendly to China, in consideration of the possibility of independent digital currency， Do you think these digital currencies are similar to bitcoins?

It’s a good thing that other digital currencies are going to come market but i believe that bitcoin is different than any other crypto and now bitcoin learn a lot of things in market that what to do and how to do since bitcoin arrived to market from that time till now bitcoin have faced a lot of challenges and bitcoin fight against them and also these challenges tech a lesson as well so bitcoin become strong popular and stable with high price and that’s the reason that every country is trying to accept bitcoin and some of them want to make it legal so It’s very hard to replace bitcoin.