A government can create a cryptocurrency ?

[Ikay]

It will and I would invest in government crypto currencies because we all know that is 100% legit and more valuable because all people in their country will use that digital currencies so it may go to moon immediately.

[maculeth]

it could be if they have a solid team to make it. everything can make crypto currency, as long as it has a solid team and also investors.

[1Referee]

It will and I would invest in government crypto currencies because we all know that is 100% legit and more valuable because all people in their country will use that digital currencies so it may go to moon immediately.

You don't invest in governmental crypto currencies, unless they are set up by scummy governments like the one of Venezuela. In most cases governmental crypto currencies won't be anything other than an extension of their rotten fiat system. In other words, by holding fiat, which all of us do, we directly would hold an equivalent of that in crypto units. I however wouldn't consider it to be 100% legit, because this system isn't meant to work in your favor.

Permission based crypto currencies are a plague and even more of a threat to your financial freedom than the current fiat system itself is right now. Yes, it's convenient and allows you to enjoy more flashy features, but what's all that worth when your freedom has been degraded to the absolute bottom? That what you consider to be legit right now, will put people even more in a cage like they are a bunch of animals that their owner (the government) controls. I'm sure you'll change your way of thinking when governments instantly deduct your balance with whatever percentage to fill up their own debts. Don't think you'll like your fresh haircut then.

[nara1892]

Yes, of course. Everyone have the right to create of cryptocurrency include the government.
Moreover what I knowing, government of Venezuela has create of their own cryptocurrency. As far as I know the name is 'Petro'

[randyboy]

Maybe? Because they know already about crypto and they want to use it by their self and want also to control digital currencies to their people who use to it so maybe they will evolve and create one.

[btcdevil]

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

I think that surely big whales will invest in it and more mutual fund and private investment company will surely invest as it is supported by government so it will be more legal and their wont be much problem to flourish that coin.

[Dudeperfect]

Yes, as much as the trust sources are sharing the stories and even some government officials said that they are thinking about launching their own cryptocurrency. However, for me it doesn't make any sense as we all know that crypto is all about decentralization and the core philosophy is focused on taking away the power from centralized authorities and transferring it to the users. In the case of government based cryptocurrency, I am sure that government would never share the control to anyone else.

[yslyv]

they can create a crypto currency. but do you think they do it. blockchain provides anonymous transactions on decentralized basis. when they create a cryptocurrency will they be able to control it totally? if not what is the meaning of creating it?

[Pamela1966]

Government can create digital currency I've heard about that of Venezuela planning to make its own coin and yes I'll invest in my country's cryptocurrency because I think it won't be scam and my investment would be safe

[Wipeout2097]

Yes it is possible government can create own currency,Recent example UAE government have own currency and if government didnt legalize the Bitcoin will create own currency.
It can good step for the state that people will find another opportunity to invest and gain profit.

[dewi91]

yes of course they can make crypto currency especially for the country that have interested about crypto currency but I don't think that will happen in my country because the government of my country are really not interest about crypto world and may be they are never even thinking about it.

[omfg.xekcep]

Why not? If such a currency gives a nice opportunity fo investment I will buy it. Another important thing that goverment gives us an guarantee of reliability.

[BigDig]

Financial whales still treat the crypto market with caution. The long-term prospects for the development of the market and the level of its attractiveness for corporate investors are still unclear. Maybe it's for the best.

[stephanirain]

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

In my own point of view, it is possible that a government can create a cryptocurrency because they can get people to make them their own digital coin. If i was asked if i will invest or buy that coin, i would like to know first if that coin will be successful, useful and good.

[goldcoinminer]

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

In my own point of view, it is possible that a government can create a cryptocurrency because they can get people to make them their own digital coin. If i was asked if i will invest or buy that coin, i would like to know first if that coin will be successful, useful and good.

Yes.The government can make exactly their own cryptocurrency but people will be confused already since fiat currency is the one that they are used to spend.If that will really happen,i don't think that it will be more flexible and strong like bitcoin do.And we don't have assurance if people will come to patronize it just like how they give importance to bitcoin.

[ArteMixer]

At least Russian government is already implementing it. It is equivalent to the official currency and i personally don't see the sense, since the government has nothing to offer and it will just be equivalent to 1 ruble always.

[kateycoin]

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

Maybe in the future they create their own cryptocurrecy because I think they don't want to turn left of others country so they want grab whats technology can do. As they can see cryptocurrencies is popular in world so its they opportunity to make cryptocurrecy. I will invest if they do.

[BartS]

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

Yes they can do that if they want, however I will never invest in such a cryptocurrency just think about it the whole point in my opinion to invest in cryptocurrencies is to get a currency that is not printed by any government, that is decentralized, so I will have no reason to invest in such a project besides such a currency will probably be closed source which means that we will not be able to see the code we will not know if there are some backdoors that will allow the government to supervise everything that you do with their currency.

[Clara.Wilfred]

A government can and will eventually produce their own crypto. This is the cashless society we have been heading towards for years. However this will have the same fate as private intranets in the early 90s where companies tried creating their own private internets. It is an inferior protocol and the network effects for decentralised cryptos will always outpace that of a centralised one

[ucok_aball]

of course not, I never invest like that, I prefer to invest into cryptocurrency
 because it can be more comfortable in the management, we own that set it