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gesdan
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April 06, 2018, 01:44:21 PM |
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why is the country making their own cryptocurrency? is it important? I think the government just try to follow the hype in the public that every institution making their own crypto, so the government want to makes the crypto too to follow the hype, i think its not important because the country have a national money that every people who lived in that country use that money.
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elston6x
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April 06, 2018, 01:45:32 PM |
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Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.
Theo me, because of the striking feature of coin secret, no one can deny it. Countries have the power of regulators, they try to manage them then they will control taxes and control inflation, manipulating the market. In addition, countries soon realize that the code will replace the current currency because of the fast, easy, convenient, safe and economical elements ... so they are trying to set up the country code. |
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simeonza
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April 06, 2018, 01:47:22 PM |
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Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.
It is not funny , it is a proof of how much revolutionary bitcoins is. Even countries have to change their banking system and adopt i. Some are trying to ban bitcoins to eliminate competition. |
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MoonJeina
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Make winning bets on sports with Sportsbet.io!
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April 06, 2018, 02:00:25 PM |
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Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.
That is funny and ironic at the same time . While the countries are trying their hardest to ban and negatively publicize bitcoin and other crypto currencies , The same governments are also coming up with their own crypto currencies . That is just bull shit . Why governments doesn't seem to take a single side in the case of crypto world . If they don't want it why are they making practices to develop their own ? |
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FrueGreads
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April 06, 2018, 02:00:25 PM |
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Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.
Well I completely agree with you, and the most important thing about crypto is its decentralized aspect. We can't forget however, that they also provide great improvements in terms of security, and speed transaction. Maybe not for normal purchases yet, but they sure are already better for international payments. So it makes perfect sense that banks and governments will want to improve the way they process transactions. People must understand that crypto don't offer just an advancement in terms of technology, and banks can only offer that an nothing else, but that's not enough. |
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djkyno
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April 06, 2018, 02:04:12 PM |
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They are trying in many ways to fight Bitcoin and crypto currencies, by creating their own crypto and encouraging people to deal with them. But they will fail because most crypto users dont trust this local coins, and don't believe in them, and will keep using BTC and the similar decentralized crypto currencies, which have real potential.
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hohlova
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April 06, 2018, 02:06:34 PM |
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Most of the countries are scared with the growth of bitcoins and no they want their own coins to keep control on it. They will not understand that bitcoins is now unstoppable.
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MakeMoneyBtc
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April 06, 2018, 02:10:01 PM |
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I think governments saw how popular are cryptocurrencies these days and they know they cant take bitcoin down because they would have to cut down the whole internet on the planet wich is ridiculous and impossible. By creating their own cryptocurrencies they want to take advantage of people and destroy bitcoin and other coin so that at the the end they are the ones that control the market of cryptocurrencies. Will be interesting to see how all this works but I dont think it is going to be very successful because people choosed bitcoin for the reason that is decentralized and it is not controlled by anyone.
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Flight-87 (OP)
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April 06, 2018, 02:29:04 PM |
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Yes, governments in every country are now aware of the changes that bitcoin has brought to the world. Because bitcoin is fragmented, they can't kill bitcoin completely, so it's a good idea for them to choose to join the cryptocurrency to gain revenue.
I partly agree with you in this matter. What I believe is if Govt. wants they can nearly kill bitcoin/crypto, at least in terms of it's value. I believe Govt. itself don't want to kill it, but wants to take profit out of it. |
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wheirs
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April 06, 2018, 02:30:26 PM |
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I think they want own crypto because then people will make fees for them not to some random bitcoin, and you can control people more easier.
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stompix
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Blackjack.fun
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April 06, 2018, 02:49:20 PM |
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Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.
Most say that it's because they want control over the flow of money. That might be right for further cryptos but not for the only one that is being "developed" right now. The petro (or petrocoin) is just a way of getting money in a bankrupt country, I even doubt it it going to really work, but the ones that "invested" or are planning on doing so will never see a penny. But those news are just news. I've been hearing about a crypto rubble for years, nothing happened. Just because they spent millions on "developing" it means nothing, I bet those money just entered the pockets of a a few corrupt officials and their businesses, printing thousands of papers and reports that could have been done by a monkey copy pasting. |
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Basmic
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April 06, 2018, 02:58:41 PM |
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Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.
I fully support you. Never cryptocurrencies that are produced by the state will not be popular. It seems to me that governments understand this and for this reason they do not create such cryptocurrencies. But they really want to take control of all existing cryptocurrencies. There are people who support it. But I'm a big opponent of legalization. |
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bartolo
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April 06, 2018, 03:06:41 PM |
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I don't know if the idea of a government backed cryptocurrency makes much sense. Virtual fiat money exists and can be used in many ways, credit/debit cards, mobile apps. What would be the purpose of these cryptocoins? Would this coins be traded in exchanges?
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Flight-87 (OP)
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April 06, 2018, 06:19:48 PM |
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Would this coins be traded in exchanges?
Who knows! Even if it's tradable on the exchanges what difference would it make than traditional online forex trading? Except for the new names of the currencies. Govt. acquiring blockchain is like redesigning an old CSS 2 website with Bootstrap! The administration stays the same, just a new cover. |
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Umkar
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Merit: 10
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April 06, 2018, 06:52:08 PM |
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Governments already see that the introduction of crypto currency into our lives is inevitably inevitable, but they do not like the decentralized, uncontrolled crypts. So they are trying to create their national centralized crypto currency in order to create their own alternative and try to subordinate this new kind of financial relations. In each country there are also some of their reasons for the introduction of centralized crypto currency. Let them introduce. Vseravno we can not interfere with it. At the same time, in practice, we can see the difference between centralized and decentralized crypto currency and only in this way can we prove the advantages of decentralized crypto currency.
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paul00
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April 06, 2018, 10:07:22 PM |
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Maybe government want to centralize crypto on their own or maybe they want to gain alot using their own crypto then introduce it to the market so they will benefit unlike using bitcoin they have nothing to get as long as they don't have tax which they can also be gained if a good law would be implemented
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Rozita
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April 06, 2018, 10:23:50 PM |
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There isn't something in the world called "National cryptocurrency" and it won't be. If a government wants to create its own cryptocurrency, there is no doubt that the government wants to control it.
If a currency is controlled by an authority, it is not a cryptocurrency. Cryptocurrency is something like bitcoin which is not controlled.
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gamechangers
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April 06, 2018, 10:31:20 PM |
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We now know why the several attacks on bitcoin. Government wants to bring bitcoin under control but it is meant to be decentralized. Government fears that cryptocurrencies will take the nation's economy away from its grip and now they want to own the cryptocurrency they can control. It won't change the fact that people have settled for Decentralization.
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adzino
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Merit: 574
www.Crypto.Games: Multiple coins, multiple games
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April 06, 2018, 10:38:08 PM |
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Recently news are coming about countries testing to bring their own cryptocurrency, which IMO is a joke. Cryptos like Bitcoin was not built just to make it more secured. It was built to make it decentralized, take control back from Governments and give people the freedom they deserve. It seems like Govt. wants to make people think that Govt. have no idea about that. Why do they need to create a national crypto? I want to know one good reason.
To divert people from investing on decentralized coins and start using government made centralized (shitty) coins. The government hates bitcoins and other decentralized crypto currency and unfortunately it has become quite a nuisance for them to control and regulate it. So they chose to spread fear amoung people who invested on bitcoin and make their own coins so people start using them. |
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Indrawan77
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April 06, 2018, 11:06:13 PM |
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The government want to implemented crypto but also want to fully control the crypto, so the country try to make their own crypto, which I think is no used, like OP said the main reason bitcoin created was to become decentralised and for sure the government creation will never be decentralised, its just fiat changing form into digital, I saw a lot of countries try to make their own crypto and all of them failed
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