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Author Topic: A government can create a cryptocurrency ?  (Read 1521 times)
MAJICOIN
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April 26, 2018, 05:00:14 AM
 #21

I think the government if create a crypto currency then every one will come to this side for investment and it will common here like prize bonds and it will become a legal in the country so we have no fear of losing money and other investment amount and for now the crypto is good but some countries bane bitcoin due to which the risk in bitcoin is high if government issues crypto then every one will happy with option.

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April 26, 2018, 05:00:52 AM
 #22

What do you think about this possibility ? Would you invest in your government currency ?
Anyone can create crypto currencies if they want to,so the governments also can make it for their usage but there is no usage for creating such crypto currency it is same as like the fiat money so no people will get interested on those coins.If they create decentralized coin then it may act against them so governments will never do it even if they do people won't invest on it.

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April 26, 2018, 06:11:51 AM
 #23

What do you think about this possibility ? Would you invest in your government currency ?
Yes already Venezuelan government has created petro currency and Indian government is ready to create its own digital currency Lakshmi.But such currencies may remain stable in price due to the government controls and also no body would be willing to come under government radar by investing in such currencies.

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April 26, 2018, 06:21:57 AM
 #24

What do you think about this possibility ? Would you invest in your government currency ?
Yes he did, they can make digital money but don't have a decentralized system but have a centralized system. With the current popularity of cryptocurrency will be a threat to some governments that prohibit the use of cryptocurrency in the country. As anticipation if the society want the payment system using digital currency then they will make national currency in the form of digital.

This is what will happen in my country, now the government forbids any form of cryptocurrency in circulation. And I don't think I would be interested in investing in digital currency made by the government. The currency will not be volatile like cryptocurrency, most likely it can only be used as a payment system only.

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April 26, 2018, 06:37:15 AM
 #25

Ordinary people through the use of encryption monetary gain some similar "control", therefore with decentralized anonymous encryption currency is different, so the government can create control the encryption of money is the only choice to reverse the situation.
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April 26, 2018, 06:38:59 AM
 #26

Since crypto currencies are in the rise, many banks and evem countries are looking into joining in and taking a metaphoric piece of the pie. I'm sure if companies could make their own coin, super companies and well funded banks and even countries could do the same. If they habe the money, they could even control the value of thier coins just enough so it would gain momentum and just watch the profit rise from their vantage point. Some say, they dictate the prices of coins in the market today

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April 26, 2018, 06:42:07 AM
 #27

It's easy to create own crypto, even a single person can create his own crypto, so yes the government can create it's own crypto, but not a lot of investors attracted to centralized crypto investment, and for sure I won't invest in crypto that created by government, I don't feel secure with the investment and I don't feel any freedom in my investment, it's like my investment keep being watched all the time


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April 26, 2018, 06:42:25 AM
 #28

I think the administration if make a cryptographic money then every one will result in these present circumstances side for venture and it will regular here like prize securities and it will end up being a lawful in the nation so we have no dread of losing cash and other speculation sum and for the time being the crypto is great however a few nations bane bitcoin because of which the hazard in bitcoin is high if government issues crypto then every one will content with alternative.
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April 26, 2018, 06:43:57 AM
 #29

What do you think about this possibility ? Would you invest in your government currency ?

No way, cryptocurrencies are very anarchistic in their nature, they are governed by code and consensus of users, instead of some central authority. There's no way a government would release something like that, they will either plant some backdoors or  will just have some centralization, like masternodes, permissioned mining, etc. And when you start removing decentralization from cryptocurrencies, they become just payment systems, and for now they are less efficient than traditional payment systems, so there's no point in investing in centralized coins.

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April 26, 2018, 06:47:11 AM
 #30

Yes, they can, some of them have already created their cryptocurrencies, but, for example, Venezuela's El Petro doesn't inspire much trust, because the government is not trustworthy. So the success of such cryptocurrencies depends on the credibility of the state that has issued this particular currency.
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April 26, 2018, 06:47:59 AM
 #31

A Government could create his own cryptocurrency, where the transparency is really high but the anonymity is really below. And could make a zentral cryptocurrency where everyone which wants an adress must give his ID card to become this. so at the end government would have insight in every adress, and would know everything about the person. That would be the best for every government. Money laundry could be prevented. And for sure tax investigation would be easier.
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April 26, 2018, 07:02:01 AM
 #32

What do you think about this possibility ? Would you invest in your government currency ?
This is not a possibility, there are already some countries that have their own crypto. But as usual some countries refuse to enter crypto into their country. I am sure if crypto can be received in many countries, this will improve the economy of the country. However, the Bank of England believes that a crypto currency or virtual currency such as Bitcoin could pose a risk to financial stability in Britain if adopted on a wide scale. But the fact is that many banks in the country are doing research on blockchain technology.

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April 26, 2018, 12:17:01 PM
 #33

Of course can. And most likely taking into account development of cryptocurrencies it will surely occur. Progress doesn't stand still.
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April 26, 2018, 01:42:53 PM
 #34

Governments around the world work on creation of national cryptocurrencies,some have done it a few years ago-some do it now,and some are preparing to do that.This is nothing strange if we take into consideration that money is becoming more and more digital,and with time paper money and coins will become history.But all this crypto supported by the governments is nothing else then regular money in digital way,unlike BTC which is decentralized.

As I see it one day we may just convert our fiat currency to cryptocurrency,but the world is not ready for it yet-all this we see are just experiments.Some interesting cryptocurrencies which are allegedly associated with some countries are described in this article : Which Countries Run National Cryptocurrencies?

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April 26, 2018, 01:58:05 PM
 #35

Anyone can create cryptocurrencies with investment, so Govt. should is on the positive side. However, I won't invest in any Government crypto projects. I believe Govt. won't hide my identity. Investing in cryptocurrency is high risk, in Govt. Crypto project it's DOUBLE HIGH risk.

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April 26, 2018, 02:18:39 PM
 #36

I think it's possible. Many people are also worried that there is no regulation, especially since there is no center in the cryptographic sector. I think that if the states create their own crypto money, this regulation will be achieved. Moreover, it is obvious that today's exchange rates parity will continue in the same way. I think that there will be no abnormal situation in the near future for the transaction of crypto money instead of cash.

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April 26, 2018, 02:24:13 PM
 #37

Why would government not be able to create its own cryptocurrency? I wouldn't be surprised if it happened in the next few years. Some countries like Japan and South Korea seem to really like the idea of decentralised currency and they might consider creating their own one soon. I am quite curious how governments would handle mining and distributing their cryptocurrencies, that might cause some trouble. I would invest in such cryptocurrency as long as it would have a fixed supply. I don't see any point in another currency that would have unknown amount of coins available on the market.

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April 26, 2018, 03:21:41 PM
 #38

What do you think about this possibility ? Would you invest in your government currency ?

Governments can create crypto and many are actually already planning to do so. I will however, not like to invest in it because it will not be decentralized.
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April 26, 2018, 03:24:21 PM
 #39

We all are looking forward to that government that will create their own Cryptocurrency. If by chance any one of them create one the reaming government will follow. I see a possibility with West......
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April 26, 2018, 03:25:06 PM
 #40

Of course can, any state can conduct bounty campaign on this forum and pay for reviews on YouTube and posts on forum.
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