A coin issued by some country government - would you go for it?

[pixie85]

No, I'd never buy a coin issued by the government. I wouldn't feel safe knowing that the coin can be manipulated and that the government will be able to destroy it if it decides that it was a failed experiment. What if there's a war? My decentralized cryptocurrencies will still be valuable but the government coin won't be.

[1715000026]

1715000026

[1715000026]

1715000026

[1715000026]

1715000026

[1715000026]

1715000026

[camito]

I personally think that issuing coin by a country government would be very useful to its countrymen living in that certain country. It can be used in transactions and as a currency on that country. Its legality will be official and there will be no scam in this project, but still there will still be chances that that government can manipulate this coin, the anonymity will be out of place in this case and assets will be tracked by government. It both have its pros and cons.

 I would definitely invest some but I would still invest more on bitcoin and altcoins.

[gentlemand]

The only reason a government would use 'blockchain tech' for their own coin would be to make their existing policies - inflation, debasement, control, surveillance - easier to execute. Combined with cashlessness it would be nightmarish and you wouldn't have a say in the matter either.

[the13thsymphony]

The problem here is that the tokens that is controlled by the government is still prone to corruption which cannot be traced. For instance shade transactions in customs which cannot be traced because of the blockchain technology that is used by corrupt goverment officials which they fully control. It will be much harder to control and trace.

[berungan]

it may be that security in government investment is safer than in bitcoin, but I think it will depend on the government. they certainly make certain regulation, which is definitely not the same as bitcoin.

[Kelvinid]

it may be that security in government investment is safer than in bitcoin, but I think it will depend on the government. they certainly make certain regulation, which is definitely not the same as bitcoin.

Bitcoin is already secured but i think the coin which will be issued by the government will be more secured.For me,i would rather buy them both,bitcoin and the coin issued by the government.But i won't leave bitcoin behind because it's still the most trusted crypto currency all over the world.And this new coin has no guarantees that it will also lasts long like what bitcoin did.

[gambitcoin53]

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?

i think so, considering it came from governments, it is definitely legal in any way, therefore, many people especially on that nation will undoubtedly put in more money or invest in that coins, having high trust rating, surely it will have an edge over its rival crypto, as for drawbacks, maybe in terms of how long it will circulate and how will it co-exist with international government-made crypto. it will create more competition resulting low value on the market.

[jamesclark]

 I'm wondering for what purposes they should issue a coin if they have already there own currency and stable economy

[raven7886]

I will definitely go for it because it means that such a coin has got a guarantee to stay but as for weather it will gain more attention than some of the big coins today will solely depend on the economy and industrial power of the country in question, how influential they are will be a determinant factor

Are you serious right now? Then what are you doing there if that is what you want? Hold a centralized coin that is eventually controlled by the government? What is the difference holding your own currency then and saying you want to invest in it? Let's be realistic here, a lot of us are here just because we simply enjoy the idea of decentralization and not because we just want to invest in anything we see. A coin issued by the government is no different to fiat.

I'm wondering for what purposes they should issue a coin if they have already there own currency and stable economy

No, we cannot assume that. Even bitcoin will be finding more success which will definitely trigger such thoughts to governments. We can expect some government to come up with their own coins in near future. But the success of those coins will not last as per decentralization principles.

[lanalang]

I think, this is only good for government, and it will be not so popular in the world. The price for taxes can be big opposite to others on the market.

[Topaz72]

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

This is good suggestions all coins should be free t use and government should not compel all people to use the coin of their choose, I think we should request our government to leave the option for people of the country to choose what they like, this way I think there will be peace and good crypto atmosphere and everyone will be free to use currency of their own choice as specially the crypto currency is decentralized and no one is bound to have it, for me bitcoin is the best option.

[PrudnikovLS]

I would not have invested or supported the national crypto currency, because it will not be anonymous and for other reasons. But as most countries have already said, they will not issue a national crypto currency,

[Maddinson100]

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.

People mostly goes for the profit. They don’t want to know to whom this coin does belongs. They often don’t get to know the developing team and their projects as well. Although this isn’t right for them but still they only inquire about the coin and profit ratios for it. And on such basis they decide whether to go for this coin or not. So if governments make or not, coin must be profitable.

[Rajamuda]

I think.. anyway, it's going back to bitcoin when talking about crypto linked to the country, Bitcoin will stay on top because I think it has a prolonged, more strongest role in many places.
After all, I do not think each country will really have to make sure to have their own crypto coins, this only happens on many certain projects I guess and then supported by the country.

[EdenHazard]

You can see the Tether (USDT) in coinmarketcap, this is the first cryptocurrency made by the government. If you look at Tether price movements more suitable for trading, but for long-term investment, I do not believe it will have a high price like another cryptocurrency that has a decentralized system.

Price Tether never exceeds the price of $ 1, the price will decrease and then back again to the price of $ 1 so for the recommended short-term profit.

Perhaps this is an indication that the cryptocurrency made by the government is not very profitable for long-term investment. One's expectations of having coin investments that have a centralized system are limited by the government.

[AjithBtc]

You can see the Tether (USDT) in coinmarketcap, this is the first cryptocurrency made by the government. If you look at Tether price movements more suitable for trading, but for long-term investment, I do not believe it will have a high price like another cryptocurrency that has a decentralized system.

Price Tether never exceeds the price of $ 1, the price will decrease and then back again to the price of $ 1 so for the recommended short-term profit.

Perhaps this is an indication that the cryptocurrency made by the government is not very profitable for long-term investment. One's expectations of having coin investments that have a centralized system are limited by the government.

Agreed, it give users the trust of long lasting. One can make a very minimal profit investing on this, maybe through trading can earn little more which is also quite a hard thing to achieve as these assets won't be varying big in terms of margin. Large volume trading could get a small earning as the fluctuating margin is small.

[Karmakid]

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?

If our country would have it's coin , I think the government would still put some tax in it. It would be hard because it would be manipulated by the government. I would still choose bitcoin over any other coins because I am sure that it won't fail any of us.

[andrei56]

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.

If such a cryptocurrency existed and you are planning to use it immediately there is nothing wrong with it, but the big problem is if you want to use that cryptocurrency like an investment, you just need to look at all the inflation going on around the world and all of it is caused by governments printing too much of their currency, which is what we are trying to avoid in the first place by using coins like bitcoin.

[kenziefried]

Some point it say it is an assurance that when you invest your money in this coin will be high, since they will do a lot of fund raising to make the project successful because when we say 'national' coin it is a big responsibility since this represent a country and its economy so you will not jus play around... and you need to be engaged on serious business.

If country issues a coin that will restrict that coin to its own country because they oppose the decentralized currencies and if they want to open it for the world then they will be making it decentralized because this currency will not survive in other countries as other countries have also restrictions, they want to make their own currency better. I suggest decentralized currencies and moreover the valuable one as this is open everywhere. However a government will benefit in its own country if issues its own coin.

No country will actually give up control and issue a decentralized currency. Sure, if we get to see this happening, I am sure a lot of people based on how the country is perceived may want to kind of invest in such but for a centralized currency which apparently is what I believe almost every government is going to issue, what the point is investing in such. If I want to trade, that is a different case and I may as well just say I am trading Forex on a different level but investing? No way!

[el kaka22]

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.

I want to assume you guys are missing the whole point here ?
If you are for centralization and you prefer less volatility, then, why are you here in the first place and why are you not holding all your funds in your currency instead ?

We are talking about centralized currency that is controlled, and obviously Central Bank will be making all the decisions, so why on earth would I want to invest in something that never worked out well in the past in the first place with all the manipulations and monopolies.