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Author Topic: Each country has its own crypto currency!  (Read 3575 times)
BigDig
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May 25, 2018, 09:24:39 PM
 #41

The state can not afford to issue a crypto currency. Control over money issue and a single national currency are the bases of any state. governments simply do not want to create a competitor that they can not control
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May 25, 2018, 09:29:18 PM
 #42

No crypto is a digital currency that applies in all countries and no country has its own crypto currency because most governments of a country still prohibit this circulation of crypto currency therefore crypto currency should not be in Nut by certain countries.

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May 25, 2018, 09:58:28 PM
 #43

Each country having its own cryptocurrency is a possible thing, and to make these grow in the perfect manner something is required to make the interconnection. For this bitcoin or ethereum a common platform can be used. If this happens it is same as different countries having different fiat for usage with few assets for common need.

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May 25, 2018, 10:20:02 PM
 #44

if all countries have their own currency Crypto, maybe Chinacoin or Crypto currency from China will be the most expensive coin, because China is the most populous country. or it could be the most expensive coin is a coin from another big country, whereas they only create a few coins.
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May 25, 2018, 10:27:31 PM
 #45

if all countries have their own currency Crypto, maybe Chinacoin or Crypto currency from China will be the most expensive coin, because China is the most populous country. or it could be the most expensive coin is a coin from another big country, whereas they only create a few coins.

i think china did already released their own crypto coin but still bitcoin is still the leading crypto because bitcoin has a millions and billions user worldwide not just on a specific country.

The state can not afford to issue a crypto currency. Control over money issue and a single national currency are the bases of any state. governments simply do not want to create a competitor that they can not control

Creating a coin with your own desired name on it is not expensive and anyone can afford it . As you can see there are lots of people offering their coin creation service and most of them can also be found on the marketplace services section.

Quote
governments simply do not want to create a competitor that they can not control

it is not governments that creating their own coin to be their competitor but rather any single person can create their own coin .governments are not also related to cryptos because cryptos are not run by them.
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May 25, 2018, 10:38:40 PM
 #46

i think china did already released their own crypto coin but still bitcoin is still the leading crypto because bitcoin has a millions and billions user worldwide not just on a specific country.
China has a lot of ways of paying online or digitally. They have alipay and wechat pay so I doubt it that they will create their own coin that's named after their country.
If ever they'll make their own then I think they will be also the first country coin that will have their fork, they are famous for duplicating and replicating things.



 

 

 

 

 

 


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May 25, 2018, 10:44:05 PM
 #47

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?
Cryptocurrency is made for all the people worldwide. Cryptocurrency is a global digital currency that works in a peer to peer network. Therefore, it is impossible to have 1 cryptocurrency per country because it seems like the fiat currency, the difference is just, crypto is digital.
I believe that every country will make a way to have their own cryptocurrency in which all the people can use, hold and sell.



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May 25, 2018, 10:44:24 PM
 #48

We wouldn't know for sure. It could be the country that makes the most use of cryptocurrency or the country that has most stocks. It could also determine from their economy and stability to maintain cryptocurrency.
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May 25, 2018, 11:21:32 PM
 #49

Yes, if!! the big investors are continue to make their own coin for example I've read an article that Many "pacman" Paquiao are planing to invest and his coin are called "paccoin". And also some legendary boxer are also planing to invest but the problem is it's only a plan they didn't do it.
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May 25, 2018, 11:23:51 PM
 #50

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 cryptos is based on demand and supply... The more the demand, the more will be price of coin... The more the number of people in a country (population), the more will be the demand.. Hence, India and China will be at the forefront in terms of % profit / growth of coin - price wise
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May 27, 2018, 06:39:24 AM
 #51

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?
I think that the creation of national centralized crypto currency will not be superfluous. We need more experience with various types of crypto currency, they have to interact with each other, only in this way it will be possible to determine the best forms of mutual settlements in the crypto currency. Why should we be afraid of such centralized coins? Why will some species directly destroy others? We need to give people diversity and choice without imposing their own stereotypes on them.
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May 27, 2018, 07:55:40 AM
 #52

I think if each state emits their own cryptocurrency then they might be exactly the same as they are now. What makes you think that these countries are issuing cryptocurrency
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May 27, 2018, 08:11:05 AM
 #53

I think if each state emits their own cryptocurrency then they might be exactly the same as they are now. What makes you think that these countries are issuing cryptocurrency

i think if each country have their own cryptocurrency, maybe bubble will come true.it's community would not be solid community.they have to choose one of crytpocurrency between thousands of them.and decentralize system will disappear.
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May 27, 2018, 09:11:21 AM
 #54

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

Every country has there own currency but about crypto currency not all country because some are not legalize and accepting it. They are still using the current currency they have and to contribute in their economy.
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May 27, 2018, 09:33:55 AM
 #55

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 good if every country has its own cryptocurrencies because that is a good way to make cryptocurrencies and bitcoin more popular, but what will be the use of it if every country has its own cryptocurrencies. I think it will the same as the real money, so they don't need to make their own crypto.

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May 27, 2018, 09:46:09 AM
 #56

If each country has its own cryptocoin definitely the biggest countries coins will essentially grow faster because they have capable in making there coins more demands in reflect to there biggest economic stability and industry to pursue there coins more valuable than others.
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May 27, 2018, 10:00:36 AM
 #57

if every country has its own crypto money exchange tool then i will choose russia which will experience success and development fastest and advanced, because my consideration is in this country even give access to its people and facilitate it, and besides that many emerging bounty managers and experts crypto is there, I think one of the supporters of the progress and development of digital exchange tools, thank you
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May 27, 2018, 10:04:42 AM
 #58

They will be the same as the Value of the fiat is what I think because off the richer ones have higher people who will invest.
It will be same as fiat no difference the only thing would be it being digital thus I do have no hopes with something of that sort since it can only digitilize the present fiat system.
As long as it's decentralized it will be backed by the government the stronger the government is the better the currency will be.

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May 27, 2018, 11:08:17 AM
 #59

First of all it wont be expensive in the first glance. It will be very cheap as it would be a government initiative where they will allow the people to buy it at very low cost. They will attract many people around the country and thus slowly the demand will keep rising. One time will come when that will be really expensive to earn.

However government should provide some facilities against these coins, otherwise no one will use it. Government project can also fail!

- They should allow the use of it to get public transport tickets
- Pay all the bills sticking to home
- Insurance can be covered with it
- Education system should be improved via it

And much more to count on. Government does have many facilities like this then the national crypto coin will get the special attention.
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May 27, 2018, 11:49:50 AM
 #60

if this happen i think it would be regulated and the price will be the same as fiat. it will be more stable compared to others altcoins and not an ideal for investment. we know that crypto is fast in transaction so country with own crypto will be convenient.
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