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Author Topic: Each country has its own crypto currency!  (Read 1788 times)
acheampong64
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May 24, 2018, 03:50:23 PM
 #21

The fact that the countries issued them themselves means it will still be controlled by them (that is, it becomes centralized again), but that is not the innovation behind cryptocurrencies. It should be decentralized. So the overall fact is that, it will still be the same as the fiat currencies.
By the way check the spelling of "RUSSIA"

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May 24, 2018, 07:08:19 PM
 #22

It has long been said about the globalization of the whole world. Who is 100% sure that BTC, ETH and other crypt currencies are not a secret services project for control and introduction to the digital world of all who use money. And if each country releases its cryptography in the guise of fighting corruption, illegal trafficking in human beings, weapons, drugs, etc., they will establish full control over the population.

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May 24, 2018, 07:13:48 PM
 #23

I think that it is better to have a universal currency bitcoin. )) As for me, this is the best possible solution!I think that it is better to substitute dollar with bitcoin and make it one for all countries) I would like to have such system

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May 24, 2018, 07:36:22 PM
 #24

The downside of this is that there are some countries that are not that known so most probably it is not showing any growth than those other countries that are well known. It would be better to have a universal coin than to have a coin in each country though.

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May 24, 2018, 07:43:59 PM
 #25

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 every country will be issuing their own cryptocurrency then there will be no use for their physical money. And what is the use then?  It is either they will abolish the physical money and shift cryptocurrency or continue with physical money and forget about cryptocurrency. If they issue cryptocurrency, what will be the use, will they be able to trade it with USAcoin or RUSSIAcoin as you said?


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May 24, 2018, 07:51:22 PM
 #26

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?

Each country has already their own currency. However, if they will have their own crypto, then they will have two currencies and people will be confused. But if they do, I believe the growth will be determined on how many people would use it and the demands for it. If we try to study the number of people involve in crypto per country, USA has the largest number of people involved in crytpo. So, basically, it will have the highest price.

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May 24, 2018, 08:10:04 PM
 #27

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?

I don't know.Why you like to separate coins on this countries.Incase it occurred,the price of USA coin will be on the top of this crypto currency .The order you had mentioned is reasonable,but some of country coins you had skipped.The most important one is Euro coin.It will be on the second position.

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May 24, 2018, 09:09:58 PM
 #28

I think it will be a tough thing to happen, I think it will be a lot of waste of time these countries, the government will rearrange their economic policy, these countries will survive with their respective currencies, I am just curious about the fate cryptocurrency in these countries.
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May 24, 2018, 09:39:12 PM
 #29

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 whole idea of using cryptocurrencies is to get away from the government's control, and having governments issue their own cryptocurrency defies that idea and i don't think that anyone who is familiar with bitcoin and other currencies will support that idea and invest in them, unless he is after the money, but probably if this thing will goes viral the Us currency would be the most expensive, since it is the most powerful economical country .
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May 25, 2018, 03:21:49 PM
 #30

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?

Why would countries need to issue their own cryptos when they already issue their own fiat? All state-issued fiat is already electronic as well and operates predominantly electronically already, so there is absolutely no benefit to a state-issued crypto over the system already in place. The USD is far more versatile in electronic form than Bitcoin is currently and likely ever will be. It's cheaper and easier to send electronic payments currently within the electronic fiat system, the only edge Bitcoin has is possibly speed in that Bitcoin transactions "settle" generally within an hour and electronic fiat transfers take a couple days still to fully transfer, but this would not be difficult to change and stems from the banking system's legacy infrastructure. But it's only moving electrons through a computer, the same as Bitcoin, so shouldn't be difficult to change at all once the banks decide they should.
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May 25, 2018, 03:39:52 PM
 #31

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?
Still bitcoin will be more expensive than all of that lol,because they will still use blockchain .

But i believe before that thing happens atleast cryptocurrency will be legalized first on all that countries for the betterment of usage of their own coins..its Rossiacoin will be the expensive growth for me,

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May 25, 2018, 03:42:20 PM
 #32

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?

will if all countries have there own suitable  country crypto coin,i thinks there is no difference than using our own traditional currency,and i thinks this is not good  for the economy,because everyone have  there own crypto monopoly and make there own crypto coins and if this possible happen maybe  there is a big competition or war against the cryptocurrency investment  of each other country and  maybe the winner nation is those  who have a strong monetary fund in the crypto world,so therefore my opinion is not good in the economy investment to have  there own different kind of country cyptocurrency,because its like have there own self interest by means of competition.

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May 25, 2018, 03:43:54 PM
 #33

All digital currency here in crypto already have impact in the market so if your question OP is the owning a coin by different country of course it has impact in market but i think better to a country to create new exchanger then do a coin because they can spread their coin in that then also there's a lot of dead coin here because they not popular or they not achieved to be a popular in crypto after they run a coins

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May 25, 2018, 03:49:53 PM
 #34

it is too soon to say anything  in my opinion. a cryptocurrency that is issued by the government is somewhat a strange mixture. because one of the factors that has been making cryptocurrency (imagine bitcoin) popular and useful is its decentralized nature. and if a government issues a cryptocurreny it will be centralized and also it may be: closed source and without an open-to-public blockchain.

so it is really hard to say what kind of cryptocurrency they are going to create and depending on what kind, the usefulness of it may be limited and it may not attract any attention and fail.

for now we have to wait and see what happens to the handful of countries that have already done this.

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May 25, 2018, 03:57:00 PM
 #35

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 it comes to what your speculation is then there won't be a difference between this and having fiat money. The politicians will become fully involved in crypto and so much manipulation will become obvious. I do not think this will be a good thing and idea to happen.

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May 25, 2018, 04:28:12 PM
 #36

is that possible . I do not think it's possible
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May 25, 2018, 05:13:16 PM
 #37

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?

Thats not gonna happen for sure. Why would each of the country will disturb their own economy just for the purpose of fun or what? The fiat is already working just fine each and every country. The swift technology has already made the leap forward and thus it is really unrealistic to form the another currency in the same circulation of economy. This will break the monopoly of fiat use and will collapse the economic growth due to the imbalanced circulation of the money in fiat and the crypto currency of that nation itself. People might just go and choose any one they like or may be they will just prefer the crypto and thus fiat will fall. Could be dramatic.







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May 25, 2018, 06:48:53 PM
 #38

they do that, as if they want to precede the development of the digital world, so that later they will be better prepared compared to other countries, and i think that coin has greatest demand that will have highest price

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bachus
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May 25, 2018, 09:00:30 PM
 #39

I will like to see that happen in real life. It can be very interesting, how the currencies will be exchanged then
fishball
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May 25, 2018, 09:12:27 PM
 #40

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?

I think countries around the would not bother doing that since they all have their own monetary unit. So it is realistically useless.
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