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Author Topic: Each country has its own crypto currency!  (Read 3574 times)
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February 18, 2019, 06:02:13 PM
 #461

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?
mostly it will not happen in any country because the country depends upon only the paper currency that they have been used for developing their economy so people will not accept the currency if they have been developed any cryptocurrency.

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February 19, 2019, 12:46:47 AM
 #462

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 function and nature of the crypto currency will change if indeed it occurs crypto currency from a country that is advancing its economy which will move forward and as the best crypto currency of course
if it is done, of course there will be very much consideration regarding this. well, maybe there will be a rejection of state regulations. well, we know that in a country there is fiat, and it will be confusing if you make 1 more legitimate transaction tool.
of course this will not be confused if implemented regulations that have been made by the government. with this policy and agreement by all countries, it will certainly be conditioned. but what needs to be considered is to continue using a decentralized system. will be meaningless if the government is in control

Its meaningless if government and central banks control the supply or transaction data. Government can make their own crypto but its not different with fiat money.

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February 19, 2019, 01:07:24 AM
 #463

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?
mostly it will not happen in any country because the country depends upon only the paper currency that they have been used for developing their economy so people will not accept the currency if they have been developed any cryptocurrency.

Most country now have digital money but not crypto. Its called digital money because still controlled by government or central banks. If government create their own crypto, the exchange must be like what happen in forex market

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February 19, 2019, 03:31:21 AM
 #464

if every country has own coin. the price will as like the fiat currency. but those several country currently ban crypto in their internal country transaction. my opinion what and why their will change their currency for crypto is not that useless. i have seeing new about the country that interested to changing fiat in to crypto but that just an issue.
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February 19, 2019, 11:48:19 AM
 #465

I think each country will still have growth. There is not much of a difference of the situation with the idea about money. If money is owned by each country then that would almost be similar to the physical money. I think there will be a kind of currency that could unify all and will stand as a sort of neutral coin, that I think could be played well by bitcoin.

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March 23, 2019, 09:32:11 AM
 #466

If countries create their own cryptocurrency, I think their price will be the same as their fiat money counterparts.

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March 23, 2019, 11:05:38 AM
 #467

If countries create their own cryptocurrency, I think their price will be the same as their fiat money counterparts.

Probably true but many dont consider this as option or they ban usage of crypto entirely. This is however good idea but this will never see light of day, maybe in developed countries they will consider this to be pilot project and gather experience for this for later doing, but for the moment this is like this.
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March 23, 2019, 10:13:11 PM
 #468

i dont know, maybe it will following fiat. who have high grade will have high value in cryptocurrency. but the point is not which country that have high value, but it will work as currency and tradable to each country or just for their country. more complex it uses is better for poeple
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March 23, 2019, 10:28:21 PM
 #469

This is a very wide imagination that may never see the daylight, did you also consider the third world countries where the countries foundation is seated on corruption? bitcoin will be two transparent and expository for them to operate on, but if by miracle all countries choose to have their own crypto definitely each country will be affected by their investment policies and economic realities.
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March 24, 2019, 04:35:53 AM
 #470

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?
certainly a country that has a more developed and developing economy and in my opinion if all countries have their own crypto currency, maybe the nature of the crypto currency will change the nature and function
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March 24, 2019, 06:40:06 AM
 #471

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?
any country don't want to develop there cryptocurrency because it can be higher risk or two manage normal currency and cryptocurrency equally in the country so I think it will not be possible now but some good regulation will made anything be possible so it can be happen in the future.

I think that this is not a good idea for every country to develop its own coins as it will not serve any purpose. Crypto currencies are decentralized and even if every country make its own coin, they will not be able to control or regulate it. I think we are moving towards "one coin one world" theory and bitcoin will be the best option for that.

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March 24, 2019, 06:38:21 PM
 #472

cryptocurrencies are based on blockchain technology. that is why they are considered to be decentralized. they can not be under control or effect of any government or any group. so it is not a logical idea for countries to have their own cryptos.
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March 24, 2019, 10:32:04 PM
 #473

cryptocurrencies are based on blockchain technology. that is why they are considered to be decentralized. they can not be under control or effect of any government or any group. so it is not a logical idea for countries to have their own cryptos.

And why not ?  If blockhcain is decentralized does it mean a country is not applicable to create their own currency/crypto ?   .   they can still create thier coin because creating a coin does not need any restriction as long as the coin is not a local currency  . for example bitcoin is created by satoshi nakamoto and satoshi is known to be born in the usa   .   same applies to other coins .  their founders nationatlity is what represent them    
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March 25, 2019, 04:01:09 AM
 #474

cryptocurrencies are based on blockchain technology. that is why they are considered to be decentralized. they can not be under control or effect of any government or any group. so it is not a logical idea for countries to have their own cryptos.

And why not ?  If blockhcain is decentralized does it mean a country is not applicable to create their own currency/crypto ?   .   they can still create thier coin because creating a coin does not need any restriction as long as the coin is not a local currency  . for example bitcoin is created by satoshi nakamoto and satoshi is known to be born in the usa   .   same applies to other coins .  their founders nationatlity is what represent them    
right, as long as I still use a decentralized system, I don't think this is a problem. of course, with every country having crypto itself, it will become the same function as paper money today
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March 25, 2019, 06:30:31 AM
 #475

Off course, thats a particular known coin of a country. Price and volume will growth naturally because people living there have to use that coin no matter what. Coins is also a decentralized which much better than a fiat money. You can hold any money you want and have full access with it unlike banking.

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March 25, 2019, 07:01:36 AM
 #476

Off course, thats a particular known coin of a country. Price and volume will growth naturally because people living there have to use that coin no matter what. Coins is also a decentralized which much better than a fiat money. You can hold any money you want and have full access with it unlike banking.
well, keep in mind that cryptocurrency is not a goal like that. sometimes a coin is responsible for 1 product, and it is formed by a team of experts. when each city has 1 crypto that is different, and is used as a transaction tool, I don't think that will happen, and it will certainly violate many regulations.

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March 25, 2019, 08:05:15 AM
 #477

cryptocurrencies are based on blockchain technology. that is why they are considered to be decentralized. they can not be under control or effect of any government or any group. so it is not a logical idea for countries to have their own cryptos.
It is true that cryptocurrency is based on blockchain technology but if you say the price movement and development of cryptocurrency from country to country depends on the team, at least they must be able to move quickly to introduce technology and use cryptocurrency in their country.
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March 25, 2019, 09:17:08 AM
 #478

There is no guarantee to make crypto currencies in your own country, because people still care and will use fiat as a buying and selling transaction in their country.
like in my country there is crypto currency itself but there is no development and only groups or communities use it because they already trust old digital currencies like bitcoin, etehereum and some crypto coins that prove to be profitable for them.
but that would be an example of introducing digital or crypto currencies around the world so they would understand and understand what crypto currencies are.

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March 25, 2019, 09:51:30 AM
 #479

Off course, thats a particular known coin of a country. Price and volume will growth naturally because people living there have to use that coin no matter what. Coins is also a decentralized which much better than a fiat money. You can hold any money you want and have full access with it unlike banking.
well, keep in mind that cryptocurrency is not a goal like that. sometimes a coin is responsible for 1 product, and it is formed by a team of experts. when each city has 1 crypto that is different, and is used as a transaction tool, I don't think that will happen, and it will certainly violate many regulations.
there's a target venue for each projects that has been created and being developed, if such countries will penetrate and allow their people to use the existing crypto coins to act as the alternative digital currencies, seems to be possible if the government is responsible enough to adopt only the good
side of this system and not to use it for personal greed.

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March 25, 2019, 10:44:54 AM
 #480

if all countries make each coin very good for the crypto future
I think that a strong economy will develop quickly
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