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

[mak2017]

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?

Personally i will never go for no government coin, despite how great and awesome it could be.
I do not believe that countries need their own cryptocurrency, as they can use crypto which is already on the market and suits their needs.
The only problem is - they want to control their cryptocurrency, thats the main reason why this won't be interesting for me.
I joined crypto to be my own bank, and if i join government coin my dreams falls apart straight away.
No chance that any coin made by government will overpass Bitcoin or any other huge cryptocurrency, maybe only when some particular country will remove their local money and replace it with national crypto, so that everyone must use it, till then i highly doubt it.

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[kisscoin]

Bitcoin is unlikely someone will be able to replace.. However, the transition to its own cryptocurrency within the state is a great help to make it independent and improve the well - being of people. But what government, to the best of its greed and greed, will want to make its country and people rich? Can only the United Arab Emirates....

[b_oo]

You're saying a country will get rid of their currency and start their own crypto. Unless they can prevent the volatility I don't think that would be a good idea.

[jamesclark]

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.

This is really wise words, the government are always trying to keep everything under their control, and if they would issue the cryptocurrency, this means that they by themselves get off from the steering wheel, and this is unbelievable for me.

[charlemagne_15]

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 ever the government will really introduce its own kind of coins in all of us I think it will hit because it is legal and can legalize it in every corner of a place. People will also grab it for a reason that will not be afraid to invest due to they are aware that it is not definitely a scam. Media will promote it in a positive way resulting to the extreme increase of potential user. Nevertheless, the acceptance of it depends on its system and pros.

[BitcoinMarketer39]

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 will not prefer to invest on a coin that is coming from the government because there will be always a new coin that is going to come out with a better platform so keep on waiting for new opportunities.

[Indra32]

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

I think It certainly is not a fraud and will probably get strong support, but will there be a loss on the currency and the country itself? Would it be more interesting than some of the biggest coins now?
Imagine that some respected country would go far beyond the legalization of cryptocurrency and start one of their own.

[allthingsluxury]

I would strongly and vehemently oppose this idea. This would mean absolute control over your finances and thus absolute control over you.

[stellgod]

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.

Yeah that will be the big benefit that the government issued coin will be authentic and there will be nothing of scams. This thing will grow their coin in the market and the people of that specific county would invest without any hesitation. If the government does tax its coin for some time, then can collect investment from all over the world.

[MiXxe]

Basically, if the coin will be issued by our country government, I would probably study about it first. Thus, I think I will have to try it for some reasons. Maybe first, since it has been issued by the government where I belong, it's gonna be well trusted and for sure it shall benefit me in the end. Next is that, for sure it has been well planned to help support its constituents so I think there will be no problem.

[PhucS]

The government is free to issue an electronic currency based on modern blockchain technologies. I think it will have some other characteristics than the current cryptocurrency, which is controlled and managed by the government, so its value is likely to be less volatile, which would be more stable. Its safety will be high because of strong government support. Some governments in the world have issued cryptocoin. However, I think there will be more people not investing because the nature of those currencies is government dependent, as opposed to Bitcoin.

[weblouartisan]

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 will not investing on a coin that is issued by a government because probably, it will just fail in the future since other people hates government taxes and they will not support a coin that is created by the government.

[Chrisjay29]

A coin that issue by a government? Yes i will go for it. Infact i will out my all money in that because if that happen that coin is a sureball investment and it will be huge in incoming future

[Deepa18dec]

Bitcoin or cryptocurrency was created for anonymity and decentralisation. If a country creates one coin of its own then its maine purposes are already lost. I may or may not buy it, depending on the country.

[gabmen]

A coin that issue by a government? Yes i will go for it. Infact i will out my all money in that because if that happen that coin is a sureball investment and it will be huge in incoming future

Though i agree with you that a government coin can be very profitable due to people's confidence since it's legally backed, i don't think going all in would be a good idea. On anything. You can instantly lose all you have in one go.

[Baronggot]

I don't really trust enough on crypto that is issued by country government as it might be a way by governments to topple down the crypto industry. Just like what is being thought of the reason behind the recent bitcoin crash is all because of the Petro crypto which is an oil-backed crypto created by the government of Venezuela.

[jamesclark]

I think that there are positive moments in the creation of the state currency, but for me the main drawback will the lack of confidentiality. Cash is anonymous, giving people some freedom to spend money without worrying about explaining their actions.

[uozer]

Any coin issued by any Country's Government is definitely centralized and legalized against the Crypto Ethics, though with reliable or maximum security of investment. I shall buy but not in large quantity. The reason why I would buy some is to ensure my contribution into the Government's revenue drive used for Economic growth and development, since I know this type of coin shall equally be monitored to tap the required Tax from their Holders or Users.
Why I would not buy in large quantity is to save myself the agony of loosing my investment because when the volatility becomes negative, the Government might not adequately monitor it for controlling measures and may decide to dump most or all for the Dip. 

[basyang]

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 is impossible to any coins be safe to the scammers. However, if respectable country would go far and startits own cryptocurrency I think it is possible and impossible. Possible because its a good thing that country start to acceptthe innovation of currency and it is a good opportunity for us to invest or try that cryptocurrency. Impossible because it is a huge amount to plan and conduct this kind of creating a cryptocurrency and many people will against to it especially for those who are not literate in the technology.

[crypki21]

It depends strongly on the circumstances. What is the purpose of the coin, what government issued it, what are the details of the project etc... All in all, it does not sound bad to me, but there are many factors