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Author Topic: Each country has its own crypto currency!  (Read 3283 times)
Dimon8
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May 24, 2018, 11:11:42 AM
 #1

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
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May 24, 2018, 11:24:12 AM
 #2

ROSSIAcoin

That's a very interesting way for you to spell "Russia". I can't tell how serious this question is, but I'll give you the benefit of the doubt and assume that we're operating in good faith. Seems to me if each country issues their own cryptocurrency then they would probably be exactly the same as they are today. What would make you think these countries issuing their own cryptocurrency would be any different of an outcome than them issuing their own fiat currency?

There is no inherent difference between cryptocurrency and fiat currency, in terms of growth or adoption, when it is being directly distributed by a particular government and is centralized. It would be identical to the way things are now. Read up on economic statistics for USD, JPY, GBP, AUD and you will see how they would perform.
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May 24, 2018, 11:32:12 AM
 #3

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

They don't need to. What for? That would have no use.

p.s.
Also your
ROSSIAcoin
makes everyone understand your citizenship in one moment.  Grin
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May 24, 2018, 11:44:30 AM
 #4

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

The value of each coin will always depend on the crypto market like their own paper money in which the strength of their currency will depend upon the Foreign exchange markets. If one of this nation will just insist that their currency is much expensive than the others without marketing then that certain crypto currency will not be recognize by the other countries making it for internal use only within their country.

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May 24, 2018, 11:49:46 AM
 #5

Assuming that they'll be playing by the crypto rules, things may look a lot different than what it is now. Crypto is honest, everybody can see how much an address do have. (unless it is monero) It is too honest/transparent for some people. I don't think governments will like the way of crypto.

Tbh, If countries were moving to crypto, they would probably prefer something like monero instead of a bitcoin like coin which is a bit ironic.




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May 24, 2018, 12:08:15 PM
 #6

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

The value of each coin will always depend on the crypto market like their own paper money in which the strength of their currency will depend upon the Foreign exchange markets. If one of this nation will just insist that their currency is much expensive than the others without marketing then that certain crypto currency will not be recognize by the other countries making it for internal use only within their country.
i think after this they will make rules to raise the price of their digital currency. moreover this is the official of the government of the country, surely this would be a symbol of their currency just like their real currency

Dimon8
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May 24, 2018, 12:11:46 PM
Last edit: May 24, 2018, 05:54:15 PM by Dimon8
 #7

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

They don't need to. What for? That would have no use.

p.s.
Also your
ROSSIAcoin
makes everyone understand your citizenship in one moment.  Grin
I must surprise you), I do not have Russian citizenship. I am indifferent to Russia. Russia mentioned, because it is a significant player in the political arena of the world.
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May 24, 2018, 12:18:07 PM
 #8

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

It will be just simply an exchange, but for somw reason, what you think is a good idea for a new investment.  It may replace the current exchange of flat currency and it will be much cheaper for a country since no physical money is needed.

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May 24, 2018, 12:21:39 PM
 #9

I must surprise you), I do not have Russian citizenship. I am indifferent to Russia. Russia mentioned, because it is a significant player in the political arena of the world.

What do you mean 'you are indifferent to Russia?' like you are a Russian but grow up in different country? or Mix citezen but have the blood of Russian? (Just I saw your signature with a Russian Alphabet). lols

---as for the crypto per country, not sure why they need to that, I believe a coin has its purpose like helping peoples living in a digital way, if they turn fiat to coin then I don't see any different at all.
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May 24, 2018, 12:32:59 PM
 #10

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
when this happens I think it will not be a coin development, and the funsi of this coin will be more like a fiat in every country now.
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May 24, 2018, 12:50:13 PM
 #11

Each country having a centralized crypto with a full control over it's supply and circulation would kill the whole principle of blockchain and make such coins highly uncompetitive compared to decentralized coins. If governments don't have control over their currencies, then what is the reason to make a national crypto?
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May 24, 2018, 12:55:50 PM
 #12

The only serious thing that I see with "national" cryptocurrencies that can benefit crypto community is that there will be a chance to trade their bitcoins (or altcoins) to fiat pairs without taking much risk with 3rd parties (like Tether). But I doubt that someone will ever trade his money with pairs to russian rouble or the other currency that currently don't have leading volumes on forex market.
On the other aspects it mostly will be the same as the current money.
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May 24, 2018, 01:13:57 PM
 #13

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

If countries make their own crypto-exchange for sure its really centralized which they can control anytime the market. I think this thing will not happen in the future because cryptocurrency is meant to be decentralized and government will just ruin the whole concept of this thing. Each country will not make their own cryptocurrency, because fiat money is way more convenient for them to corrupt it.

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May 24, 2018, 01:43:08 PM
 #14

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

It is a good idea, maybe in the future it will be happen. because crypto currency is the future technology, So  the governmenr should accept or create ne crypto.
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May 24, 2018, 02:06:37 PM
 #15

Well it isn't that bad having an own cryptocurrecy in each country because they are actually developing and it is good that countries as of today are accepting the offer of the future to all of us that is good. But in trading we can't say that all of them will be rise because as far as I know they are regulated and there are chances that it can be manipulated.

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May 24, 2018, 02:33:40 PM
 #16

It is likely to be just as expensive when many have commented on it and are likely to be in the value of the digital coin will always depend on the crypto market. It's their own interest why they make digital coins just for their country. if there is a fiat money now
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May 24, 2018, 02:37:55 PM
 #17

Each country has its own electronic money. Because the value of each currency in each other. And the psychology of players is different in every country. That is why bitcoin in Japan is very developed and in Vietnam is not equal.
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May 24, 2018, 02:40:11 PM
 #18

If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?

In my opinion, the currencies of those countries where there are many resources and industries will be highly valued. Where the currency will be provided with something.
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May 24, 2018, 02:40:25 PM
 #19

This is an endless scource for political jokes, but I would say, that we wont feel any difference, now every country already do have their currency
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May 24, 2018, 03:35:39 PM
 #20

It will be the same as todays currencies. The expensive one will be the one with the strongest economic development.
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