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Author Topic: A coin issued by some country government - would you go for it?  (Read 937 times)
kimochidesh
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June 07, 2018, 06:18:06 PM
 #141

Yes, definitely I’ll buy it. I mean obviously I will anticipate first its potential, the idea, how it works and everything, but since it will be issued by government there will lot of advantages. The coin will remain stable since it is backed by government. There will be less pumps and dumps and more profits. So we would be able to invest in that coin more confidently without fearing much about uncertainties.
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June 07, 2018, 07:26:28 PM
 #142

I would buy some just to support the government but I do not think that it can as much successful as bitcoins. Most of the crypto  investors will trust only old and reliable coins.
Good idea.It's not really bad to invest even a small amount into a crypto coin issued by a government since most of the people will be heading for it.But i won't leave my investments in bitcoin because it's a sure thing that i can gain huge profit compared to a newly invented crypto coin which has no assurance that it will really lasts even a year or two.

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June 07, 2018, 08:15:26 PM
 #143

It depends which country tbh. Government is shady in general but some even more so than others lol
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June 08, 2018, 03:08:47 AM
 #144

No. Why I would choose the centralized coin. The governments created by governments will surely be centralized, no matter what they will have a control over it. It is indeed blockchain gave us an ability to help improve privacy and anonymity for being the public ledger. But I believe what governments create is just similar to what Ripple does.

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June 08, 2018, 03:34:28 AM
 #145

Imagine that some respectable country would go far beyond legalizing cryptocurrency and start one of its own. It would surely be no scam and it would probably have a strong support, but would there be any drawbacks to the currency and the state itself? Would it get more attention than some of the biggest coins now?

It depends if the coin developed by the government has value. If there is no value, I would not go for it because I do not want to waste my money. But if that coin is very potential and has ability to grow, then why not. However, this would be complicated case because the government may put tax in that coin.

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June 08, 2018, 03:49:06 AM
 #146

Imagine that some respectable country would go far beyond legalizing cryptocurrency and start one of its own. It would surely be no scam and it would probably have a strong support, but would there be any drawbacks to the currency and the state itself? Would it get more attention than some of the biggest coins now?



Every country has able to do what ever they want to do their Government because all intention for progress to their Government are benefited to their constituents  all the benefits is rewarded to their community so there's no problem about they build their own coins, and its up to them on how the people  strong support their own creation.

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June 08, 2018, 05:45:06 AM
 #147

In my opinion, only the centralized national currency of your country deserves attention, since it can partially replace the national money and provide certain convenience in its use. Other centralized coins of different countries, most likely, will not be of interest to us from a practical point of view.
The situation may be different at the international level when using interstate agreements. Most likely, the states will prefer centralized crypto currency, taking into account its stability and decentralized use in trade agreements will not be.

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June 08, 2018, 06:17:31 AM
 #148

I totally would.
If a government would issue a cryptocurrency, that would mean that the country is transitioning over digital money with the purpose of convenience and benefits over the traditional fiat and ideally to be used widely on the area.
I do not think that there is much of a choice except to go with it, the government is powerful.
Interesting then who will make the coin? Who will be the developer of the government? then how is the centralized system becoming the main system of government? I'm glad to hear that, and of course it's going to be a strong and reliable coin but the question, is they want to create their own cryptocurrency which is a system different from their financial system?
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June 08, 2018, 07:03:21 AM
 #149

Yeah! why not, if government would support some coin or develop some, I think they would have a great ICO, with all signs of success!
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June 08, 2018, 07:20:59 AM
 #150

Yes, definitely I’ll buy it. I mean obviously I will anticipate first its potential, the idea, how it works and everything, but since it will be issued by government there will lot of advantages. The coin will remain stable since it is backed by government. There will be less pumps and dumps and more profits. So we would be able to invest in that coin more confidently without fearing much about uncertainties.
What is the essence of buying and holding, when you already know it is centralized and controlled anyway? It is just more like you saying you are investing in USDT when of course you know the value is not going to change from 1USD. Sure there may be fluctuations when compared to other currencies in its category, but that is actually what it is going to be good for, which is trading. If that is what you are looking for, then you could have as well just stayed in fiat and not be holding any cryptocurrency at all.
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June 09, 2018, 04:22:38 AM
 #151

To be honest, I would definitely use it because the government would take a step further to optimise the potential of traditional fiat currencies so if it would definitely have more benefits as compared to that of the current Fiat payment system. However, I won't call it a truly decentralized cryptocurrency because even in the worst case government will never share the control with anyone else so even if it is on blockchain it doesn't mean that it is decentralized. There will be people who will always use pea and currencies irrespective of the benefits of cryptocurrencies and if it is from merchant side then as the user we have to reciprocate the payment method of their convenience.
A cryptocurrency created by a governments could have some benefits that is true, but the problem is they will never let themselves be audited, we will never know the exact code behind the coin and whether they can know everything about what you do in their network, which by the way is very likely, and even if the code was clean there is no guarantee they are not going to change it in the future.
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June 09, 2018, 04:28:50 AM
 #152



If the coin is using blockchain or even an existing chain today, I think I would use it still after all blockchain is blockchain and I'm always going to be a fan of it.
A governments issuing a coin is definitely a very exciting government. Their central bank would be open to also allow let us buy btc on them, wouldn't they?

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June 10, 2018, 03:43:53 PM
Last edit: June 14, 2018, 10:02:38 PM by andrei56
 #153

Imagine that some respectable country would go far beyond legalizing cryptocurrency and start one of its own. It would surely be no scam and it would probably have a strong support, but would there be any drawbacks to the currency and the state itself? Would it get more attention than some of the biggest coins now?
It does not matter what country creates a cryptocurrency I will never use it, the first cryptocurrency bitcoin was created by satoshi as an effort to get away from the current economic system, and I'm not going to begin to use a cryptocurrency that is nothing more than a fiat currency that is designed to keep us captive of a system that is institutionalized fraud.
I don't really want the government get involve in crypto since they might make some manipulation to their people, but if they will make coin that can do easy access on government facilities or will implement wide use it will be a good idea tho.
It will be just like fiat so it is likely you will be able to use it for everything, so many people are going to be deceived by this, thinking this is an even better version of cryptocurrencies but nothing could be further from the truth, when the system begins to collapse we will see the difference between those cryptocurrencies and the real ones like bitcoin, this is going to be similar to what it is going to happen to those holding paper gold and those holding the real thing.
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June 10, 2018, 04:16:52 PM
 #154

nah, all crypto currencies should be open for the world, it is decentralised thing, so we have a new way to make a new world, with a new economic model, with new progressive system of government, the national coin is the way to contol it by its country
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June 10, 2018, 04:22:53 PM
 #155

I totally would.
If a government would issue a cryptocurrency, that would mean that the country is transitioning over digital money with the purpose of convenience and benefits over the traditional fiat and ideally to be used widely on the area.
I do not think that there is much of a choice except to go with it, the government is powerful.
Except that I am 100% sure it would not be a cryptocurrency. I guess some of you must have forgotten that the ideal meaning of cryptocurrency is something that is decentralized and not controlled by any form of central bank whatsoever, and in that case, we all both know that no government is going to be creating something they are not going to be able to control.

In the case where it comes as a decentralized currency though and it is a country with a lot of prospect and need to create a huge demand for the currency, then it may be worth considering but we sure do know that is a dream that would not come through.
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June 10, 2018, 04:25:29 PM
 #156

I travel sometimes and if this coin will be issued by some country I love - I will go for it, why not? Don't see anything from with that.
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June 10, 2018, 04:50:16 PM
 #157

if the coin has developments and products that are really very useful for the people and can provide or be a solution of some problems and can provide benefits then I will buy it but if it is not profitable then I will not buy.

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June 10, 2018, 06:55:38 PM
 #158

government issued crypto coin is equivalent to the market fiat currency in digital form so there is no much difference between fiat currency and govt owned crypto coin
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June 10, 2018, 07:06:34 PM
 #159

if the coin has developments and products that are really very useful for the people and can provide or be a solution of some problems and can provide benefits then I will buy it but if it is not profitable then I will not buy.
If the essence of this aid coin is really for the benefits of the nations and it will be use inside the country then I'll take the risk, it will open the door from each country to adopt the chain, and allow fiat and crypto to work alongside of each other, coins can be use as an alternative to digital services and cashless transactions, looking forward to see who's going to take the first step and begin the journey using blockchain system.

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June 10, 2018, 07:51:52 PM
 #160

if the government has a coin that is very useful for the people and can be the right solution and can provide a lot of benefits for those who have the coin, when the coin can be like that then I will buy but if not profitable maybe I will not buy it.
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