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

[alyssa85]

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.

Because value is relative.

A centralised currency issued by say the Swiss is definitely something of value as it may hold it's own against other currencies and against bitcoin.

(Since the start of the year the dollar has done well against bitcoin!)

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[green_fish]

I will invest in the cryptocurrencies issued by some big countries, such as the United States, Britain, Germany, France, etc.
In these countries, economic and political development is good and credit is guaranteed! The prospect of cryptocurrency is certainly good!

[KingdomHearts]

Of course, it depends on which government would support that coin, because if it is my government I doubd, that would go into it!

No matter the government that is creating the coin, there is nothing actually there to go for. Sure, I may still be trading it just the same way I trade Forex and that may actually bring about a better way to trade. However, we also need to remember that there is actually no way it would not be centralized and controlled, so holding it would really not bring about anything different from the fiat we have been holding all our lives.

[perfect999]

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.

That is if the government is actually issuing a cryptocurrency which we all know it is impossible. Cryptocurrencies are not centralized nor controlled by any central entity. The only thing the government will be doing which I believe is to use the blockchain technology to create a centralized digital currency and nothing more. Just the same way we have USDT, and nothing more. You guys should not deceive yourselves, you won't get anything different from the fiat you have been holding all your life.

[andrei56]

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!

If a country does that the first thing you need to think is that it is a trap, they may issue a cryptocurrency but I think they are going to do it to try to deceive people into thinking they are modernizing when in fact if the governments get control of cryptocurrencies they will know what you did with your money and when and that is knowledge a government must not have.

[yndye]

Of course, it depends on which government would support that coin, because if it is my government I doubd, that would go into it!

No matter the government that is creating the coin, there is nothing actually there to go for. Sure, I may still be trading it just the same way I trade Forex and that may actually bring about a better way to trade. However, we also need to remember that there is actually no way it would not be centralized and controlled, so holding it would really not bring about anything different from the fiat we have been holding all our lives.

It would just be the same as holding fiat then because it would centralized and controlled by the government. It may use the blockchain technology but it would be controlled then and holding it for investment purposes would not be worth it if you intend to make it as long term investment. It would be pegged to the fiat currency of the government. If I intend to invest in a cryptocurrency then it would be decentralized just like the cryptocurrencies now and maybe issued or have some partnership with reputable companies.

[Argoo]

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?

Most likely, we can only be interested in the centralized country's crypto currency. It will be like more convenient use of national money. Centralized crypto currency of another state is unlikely to be necessary if we just do not intend to visit this particular country. Therefore, it seems to me that centralized crypto currency will play a certain positive role. In addition, such a crypto currency will help restore confidence in the decentralized crypto currency.

[nidacoinlove]

It's a big no. People are here supporting bitcoin because they want decentralized currency. It brings no change if a country launches it's own crypto currency, that should be treated as a traditional currency the only difference will be that it will be a digital one.
The drawbacks I see is an economic structure will be destabilize, also crypto is not meant to run a country economy. We saw Cryptocurrency launched by institutions have no future. They are promoted and given a hype in the market but they can't maintain that level as the other decentralized coins are marking their success in the market.

[gunungkembar]

if the coin is very useful for the people and can be a solution of the existing economic and financial mkaa coin will surely be supported.

[breathlessz]

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?

Most likely, we can only be interested in the centralized country's crypto currency. It will be like more convenient use of national money. Centralized crypto currency of another state is unlikely to be necessary if we just do not intend to visit this particular country. Therefore, it seems to me that centralized crypto currency will play a certain positive role. In addition, such a crypto currency will help restore confidence in the decentralized crypto currency.

right, and to explore the world wide, i think most choose bitcoin. unless we are going to transact with a country that requires the use of government coins in that country, so i think it will still be on the bitcoin

[wewe123]

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?

Most likely, we can only be interested in the centralized country's crypto currency. It will be like more convenient use of national money. Centralized crypto currency of another state is unlikely to be necessary if we just do not intend to visit this particular country. Therefore, it seems to me that centralized crypto currency will play a certain positive role. In addition, such a crypto currency will help restore confidence in the decentralized crypto currency.

right, and to explore the world wide, i think most choose bitcoin. unless we are going to transact with a country that requires the use of government coins in that country, so i think it will still be on the bitcoin

Even if there is a coin issued by government in a certain country ,I would not go for it unless I will be familiar with the details aroun that coin veing issued by the government can it match the funcyion and purpose of bitcoin ,if it will not meet the criteria of a coin in crypto then , I will remain with bitcoin and other altcoins that are already prestigious.

[aeternus]

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 would be a scam, you say that a cryptocurrency created by a government will not be a scam, but if that is what you think then tell me, what it is fiat for you? To me it is a scam, governments get to print as much currency as they want without any limit or restriction and by doing so they are stealing from the people, so a crypto created by them will be a scam.

[Shushale65]

I would not invest in such a crypto currency, because it will not 100% meet the criteria that should be in the crypto currency. I think many will agree with me.

[kram31]

It will depend on what government will issue the coin.
also, i will depend on the project they will use the coin.
There are so many corruption in the government and another way to have is also cryptocurrency.
it may gone to another way to corrupt the people.

[cherrymobile]

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?

The first is to invest it you are respectable in the world so much for your savings is to invest, the right now is to invest in this day and technology. The first to invest, but its value for those of cryptocurrency and technology in this era. The first is that bitcoin and I support the market. I believe that bitcoin

[esatceza]

There are always two advantages and disadvantages of a coin. If the government releases a coin, it will certainly never be fraudulent and will have strong support and stability. However, we will be controlled by the government and taxed. This is not something that the participant wants

[Gheka]

There are always two advantages and disadvantages of a coin. If the government releases a coin, it will certainly never be fraudulent and will have strong support and stability. However, we will be controlled by the government and taxed. This is not something that the participant wants

Of course, fraud is impossible when the government is issuer, they will not become a scammer, this will make people fight against them and their reputation will go down low, they do not have time for that matter. But surely, I will not participate in it regardless of whether it has strong support or stable because when the government controls, big volatility will not happen, things just fluctuate to a very low level, an investor would not be able to make too much money in this situation, our money will not be safe when the government can doubt the origin and then a series of taxes

[lukesimon]

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?

Sure lots of people will invest in it. However, there will always be someone from the government that will take advantage of it.

[bycocoricos]

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.

Because value is relative.

A centralised currency issued by say the Swiss is definitely something of value as it may hold it's own against other currencies and against bitcoin.

(Since the start of the year the dollar has done well against bitcoin!)

But that currency issued by the Swiss has the same potential to fall victim to mentioned manipulations.

[Gab23]

Their purpose is to watch every transaction happen on the blockchain. Also when country issue the cryptocurrency, they will try to stable price in stablize the inflation. When considering about this there is no merit for investors to invest in crpytocurrency that county issue for purpose of profit