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Author Topic: Many national central banks plan to launch digital currency. What do you think?  (Read 367 times)
krauzzer02
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December 05, 2017, 01:49:02 PM
 #21

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?
Even Jp Morgan released a cryptocurrency which is called quorum and I heard that China is planning to create their own digital currency, In short, the majority of them are decentralized, yes they provided the solutions for the scaling issues but the problem here is the control and centralization, some of them have good intentions and purposes for their countries and businesses but a lot of them are just greedy as hell, they've just created a coin over the computer but the monopoly and manipulation are still their agenda.
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December 05, 2017, 02:04:41 PM
 #22

It's just a way to spin the wheel. Using the advantages of crypto currencies and to mix with the disadvantages of the traditional banking system.
A bank can create their own coin it doesn't mean you will have the full control of your funds. One of the ideologies of cryptocurrencies is to be independent of the banks not to be centralized again.

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maman09
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December 05, 2017, 02:45:00 PM
 #23

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 it's the same, it's an innovation of crypto development. in the end will be many countries in the world that involve on crypto. the digital era of technology can not be separated from human life today.
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December 05, 2017, 02:47:53 PM
 #24

it'll be shitty versions and something they have full control over. the vast majority interested in this space will not care.

everyone wants the chance to mint a block of sweet digital computer bits.  Kiss

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December 05, 2017, 02:55:10 PM
 #25

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?
They would be in no way similar to bitcoin.They would be just an other form of paper currency.Same centralized nature.Every user has to be accountable to the government for their transactions.They would not give financial freedom to the people which bitcoin delivered the most.People would not use it instead of bitcoin,but rather instead of fiat currency.A digital currency released by a country would not be welcomed by the people of other countries.So,universal acceptance is highly impossible.
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December 05, 2017, 03:01:45 PM
 #26

i think it's useless. they are just hyping, nothing serious i think
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December 05, 2017, 03:05:09 PM
 #27

I think they are entering the alt-coin stage of development. After they lose their shirt with that, perhaps they will cry a bit, then buy bitcoin.  

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December 05, 2017, 03:05:33 PM
 #28

Central banks and the powers that be are trying to co-opt the movement - it's what they do when they can't control something. Whether it's successful or not will depend on a number of factors that remain to be seen.

I'm hopeful that people don't fall for this and continue on the chosen path. The cat's already out of the bag and I think these attempts by the central bankers are too little too late.

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December 05, 2017, 03:08:59 PM
 #29

I don’t think the digital currency is similar to Bitcoin. The main difference is that the digital currency is not decentralised. It is just fiat in digital form.
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December 05, 2017, 03:27:44 PM
 #30

I can't trust those "digital currency", because they are controlled by the bank, and i don't trust the banks Cheesy
And i don't think that they can be total decentralized...
So bitcoin remains the best
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December 05, 2017, 03:28:05 PM
 #31

I think they are entering the alt-coin stage of development. After they lose their shirt with that, perhaps they will cry a bit, then buy bitcoin.  

It's their inevitable future, they just don't know it yet Wink
The only thing that BTC will have with a government/bank issued cryptocurrency is the encrypted transaction, which could increase the safety of the transfer. But this is not what people are looking for when they're drawn to BTC and other real cryptocurrencies. They want to eliminate the third party and this won't happen when they use a coin issued by a bank. It will be their money from their own bank account exchanged into a cryptocurrency (with a fee taken by the bank) and transferred (probably via bank nodes that will take another fee) to another bank! Utterly useless.

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December 05, 2017, 04:08:52 PM
 #32

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?
Not even close mate, not even close. They will end up to be miserable alts, believe me. Unless and until there's some sort of regulations added to it's background, they might have some future. Otherwise it's a strong no.
For any altcoin to even come close to bitcoin, there requires a strong, legit and powerful support. Like the support shouldn't vanish in a day's gap, which is quite frequent to literally all the altcoins. Bitcoin is an exception because we saw this year how the prices got influenced and such cases are a rarity now.
Bitcoin cash has increased and is quite stable in the ~1500$ ,when frankly no one thought such a case will ever be true, eth and litecoin and monero are proven to be better than bitcoin cash but they quite didn't reach level, and given the circumstances bitcoin cash rose real quick. My point here is that one of the minor reasons for the price of bitcoin cash rose is having bitcoin as it predecessor in its name(again a minor reason ,not that big a deal but nonetheless).
So if any central bank is willing to introduce it's own crypto, let it do so ,but it sure as hell is not going to come close to bitcoin's price. We have got nothing to worry about. Take ripple for example. Price has been the same since forever now.  Makes sense, right?

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December 05, 2017, 04:41:44 PM
 #33

Bitcoin and fiat currency in digital form are totally different. The only similarity is both are powered by technology. I guess the government want transparency and easier for tax purposes.
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December 05, 2017, 04:46:28 PM
 #34

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?

Of course countries are expected to take line of action because as civilization is advancing so also are countries moving and for those who are very active about the future, they are taking the lead. For me, what they are doing is trying to fit their own objective into the objective of bitcoin and see where they align. One of those places is in the area of cashless economy which is one thing banks all over the world have been trying to push to their citizens. If teeming youth population are now going the way of crypto currency which is purely electronic, then its only fair to key into such objective.

I can say they are similar to bitcoin because they are both digital but not the same because one unique advantage bitcoin would have over others would be the anonymity and decentralization which the ones backed by government banks will never have.
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