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Author Topic: National Cryptocurrency. Is there a future for her?  (Read 213 times)
AlexMilton (OP)
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January 22, 2018, 10:06:07 AM
 #1

Many non-developed countries want to issue their own cryptocurrency. Among these there are:

Belarus
Russia
Poland
Kazakhstan.

In the white paper of these cryptocurrencies, it is written that they will not be anonymous and will be controlled by the country itself.

I want to know if the future of these crypto currency. Now there are a lot of cryptocurrencies, mainly they are speculated and not used for their intended purpose.
ANENOOB
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January 22, 2018, 10:19:48 AM
 #2

If goverment start to controling cryptocurrency too it has no different from fiat. people chose cryptocurrency such bitcoin because i can use it without anyone know who really i am.
coinsons
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January 22, 2018, 10:34:13 AM
 #3

Petro already started
u can google it
but i think its not point Smiley
russians want to make crypto rubles and future to cashout crypto form it with fixed price on national currency with 13% vat
AlexMilton (OP)
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January 23, 2018, 06:41:32 AM
 #4

Petro already started
u can google it
but i think its not point Smiley
russians want to make crypto rubles and future to cashout crypto form it with fixed price on national currency with 13% vat

I think that the very essence changes if there is such a cryptocurrency.
stompix
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January 23, 2018, 10:48:14 AM
 #5

Many non-developed countries want to issue their own cryptocurrency. Among these there are:
.....
Poland
.....

This one is personal.... Shocked Shocked
Poland is a non-developed country?

You are honestly comparing Poland to Belarus and Kazakhstan?


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machinek20
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January 23, 2018, 10:55:55 AM
 #6

When a digital currency is controlled by the government, then it got no different with fiat, people dont want that kind of things anymore, if they want a centralized currency they will choose fiat, so I dont see this thing will work out, the government need to think a better solution to develop the country economics
AlexMilton (OP)
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January 23, 2018, 10:59:28 AM
 #7

When a digital currency is controlled by the government, then it got no different with fiat, people dont want that kind of things anymore, if they want a centralized currency they will choose fiat, so I dont see this thing will work out, the government need to think a better solution to develop the country economics

I have the same opinion, I just want to understand why it is needed?
Red-Apple
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January 23, 2018, 11:02:22 AM
 #8

non-developed countries
what is a "non-developed country"?
we have developed and under developed or developing!

Quote
In the white paper of these cryptocurrencies, it is written that they will not be anonymous and will be controlled by the country itself.
and what is your point here?
of course when a country creates a centralized currency like their fiat and banks, it will not be anonymous and fully controlled by the country itself. it is fiat after all just with a new technology!

also do you have any links to their papers? i have never been able to locate one so far!

Quote
I want to know if the future of these crypto currency. Now there are a lot of cryptocurrencies, mainly they are speculated and not used for their intended purpose.
these cryptocurrencies should not be compared with majority of cryptocurrencies specially not with bitcoin because bitcoin and some others are decentralized but these ones will be centralized and exactly like fiat.

--signature space for rent; sent PM--
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January 23, 2018, 11:04:09 AM
 #9

If each country develops their own cryptocurrency and use the eth blockchain technology just as Canada government did I think it is something positive, for transparency and fairness with citizens, I would like to see that kind of scenario, but there would also be other cryptocurrencies of course so you don't need to worry.
AlexMilton (OP)
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January 23, 2018, 11:24:30 AM
 #10

If each country develops their own cryptocurrency and use the eth blockchain technology just as Canada government did I think it is something positive, for transparency and fairness with citizens, I would like to see that kind of scenario, but there would also be other cryptocurrencies of course so you don't need to worry.

The very idea of cryptocurrency is very good, many people think that this is not right and they are afraid of cryptocurrency. But I like them.
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January 23, 2018, 11:33:53 AM
 #11

Many non-developed countries want to issue their own cryptocurrency. Among these there are:

Belarus
Russia
Poland
Kazakhstan.

In the white paper of these cryptocurrencies, it is written that they will not be anonymous and will be controlled by the country itself.

I want to know if the future of these crypto currency. Now there are a lot of cryptocurrencies, mainly they are speculated and not used for their intended purpose.

Well..

1) Russia is not a non§developed country. I understand what you mean, but still, please, pay attention to the words you are using.

2) A crypto which is not anonymous and controlled by an institutionnal authority... Is not a crypto. Again, I understand the idea: those States want to launch a 100% digital money, but this characteristic is not enough to call it "crypto".

3) Nobody knows what the future of crypto is. I guess that if some States are ready to take real risks launching their own digital currency, then it is a good signal for the real cryptos! Smiley

bitfocus
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January 23, 2018, 11:36:21 AM
 #12

the governments who understand crypto will always look for a scope to launch state-backed crypto so that they can control it just as fiat. So, I see good future for such cryptos.
AlexMilton (OP)
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January 23, 2018, 11:40:11 AM
 #13

Many non-developed countries want to issue their own cryptocurrency. Among these there are:

Belarus
Russia
Poland
Kazakhstan.

In the white paper of these cryptocurrencies, it is written that they will not be anonymous and will be controlled by the country itself.

I want to know if the future of these crypto currency. Now there are a lot of cryptocurrencies, mainly they are speculated and not used for their intended purpose.

Well..

1) Russia is not a non§developed country. I understand what you mean, but still, please, pay attention to the words you are using.

2) A crypto which is not anonymous and controlled by an institutionnal authority... Is not a crypto. Again, I understand the idea: those States want to launch a 100% digital money, but this characteristic is not enough to call it "crypto".

3) Nobody knows what the future of crypto is. I guess that if some States are ready to take real risks launching their own digital currency, then it is a good signal for the real cryptos! Smiley

Thank you, very good answer. And it became a little clear what's wrong, again this is your opinion, and the more opinions the more options there are.
Monodont
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January 23, 2018, 11:44:45 AM
 #14

There's only a future for a national cryptocurrency if the government adapts to the cryptocurrency so it decentralizes power instead of the government adapting the cryptocurrency and centralizing the money.
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January 23, 2018, 11:45:52 AM
 #15

A substantial number of people who have invested in BTC and altcoins are anarchists. They won't touch ever any national cryptocurrency. I understand it could raise cryptocurrency interest though, but only at a local level. Nobody outside Russia wants rubles, and nobody outside Russia will want a Russian cryptocurrency, so the whole thing is doomed. It will only make BTC stronger, because it is the real cryptocurrency, safe from any government's actions.

I used to be a citizen and a taxpayer. Those days are long gone.
drwhobox
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January 23, 2018, 11:48:16 AM
 #16

Many non-developed countries want to issue their own cryptocurrency. Among these there are:

Belarus
Russia
Poland
Kazakhstan.

In the white paper of these cryptocurrencies, it is written that they will not be anonymous and will be controlled by the country itself.

I want to know if the future of these crypto currency. Now there are a lot of cryptocurrencies, mainly they are speculated and not used for their intended purpose.
Most likely they would all turn out like Ripple (XRP) due to centralized Blockchain the users would not even remain anonymous with sending transaction unlike with fiat. Yes Fiat is  centralized but, it does not have any database when it comes to sending and reciving money. people would still support Bitcoin. No one would even support a cryptocurrency that is controlled by a country
AlexMilton (OP)
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January 23, 2018, 12:02:35 PM
 #17

Many non-developed countries want to issue their own cryptocurrency. Among these there are:

Belarus
Russia
Poland
Kazakhstan.

In the white paper of these cryptocurrencies, it is written that they will not be anonymous and will be controlled by the country itself.

I want to know if the future of these crypto currency. Now there are a lot of cryptocurrencies, mainly they are speculated and not used for their intended purpose.
Most likely they would all turn out like Ripple (XRP) due to centralized Blockchain the users would not even remain anonymous with sending transaction unlike with fiat. Yes Fiat is  centralized but, it does not have any database when it comes to sending and reciving money. people would still support Bitcoin. No one would even support a cryptocurrency that is controlled by a country

The total amount of money in my opinion will increase if everyone wants to issue their own cryptocurrency
Blockchanger95
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January 24, 2018, 12:28:48 PM
 #18

Cryptocurrency that is not anonymous, contolled by government and which you can't mine is not a national CRYPTOcurrency. It's just one more kind of common national currency
AlexMilton (OP)
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January 24, 2018, 12:35:30 PM
 #19

Cryptocurrency that is not anonymous, contolled by government and which you can't mine is not a national CRYPTOcurrency. It's just one more kind of common national currency
Would you use such currency?
With the same you can just use a visa.
jeronimosuykens
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January 24, 2018, 12:38:31 PM
 #20

There's only a future for a national cryptocurrency if the government adapts to the cryptocurrency so it decentralizes power instead of the government adapting the cryptocurrency and centralizing the money.
I think that in the future, it would be possible for each country to have this kind of cryptocurrency. But I think that is not too much of a necessity as it is not so different from each other's current currency, given that each country's crypto will have a certain degree of control over it coin his and that makes investors not interested.
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