Bitcoin Forum
October 25, 2020, 04:48:26 PM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 [14] 15 16 17 18 19 20 21 22 23 24 25 26 27 28 »
  Print  
Author Topic: Each country has its own crypto currency!  (Read 3340 times)
deppil
Hero Member
*****
Offline Offline

Activity: 1008
Merit: 501



View Profile
October 25, 2018, 01:47:59 AM
 #261

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 still depends on the acceptance if the people/demand. If people encourage to patronized their own country crypto coin and exchange and they can get more profit in investing to it then it was good. But if this crypto coin has no different value as a fiat money i think there is no different from it.
If that is true. of course the country with the largest population and strong economies like China and America will have the highest
coin prices? but I don't think that will happen. crypto in every country will only erode the existence of fiat
1603644506
Hero Member
*
Offline Offline

Posts: 1603644506

View Profile Personal Message (Offline)

Ignore
1603644506
Reply with quote  #2

1603644506
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1603644506
Hero Member
*
Offline Offline

Posts: 1603644506

View Profile Personal Message (Offline)

Ignore
1603644506
Reply with quote  #2

1603644506
Report to moderator
trickyriky
Sr. Member
****
Offline Offline

Activity: 882
Merit: 251



View Profile
October 26, 2018, 07:13:08 AM
 #262

I wouldn't be surprised if there are so many currencies including crypto. If the token doesn't use some kind of decentralized distributed ledger based technology, it won't survive long term IMO. That would completely contradicts the purpose of blockchain Technology.

Even if such a situation happens, we will see these different cryptocurrencies not earlier than in 7-10 years. I guess, many countries are very skeptical still about the crypto. Probably, when Bitcoin start growing fast, something will be changed.
wxa7115
Hero Member
*****
Offline Offline

Activity: 1428
Merit: 546


Coinbene.com - Experience Fast Crypto Trading


View Profile
October 28, 2018, 06:15:00 PM
 #263

Many countries have anti-empathy for bitcoin, but not blockchain. Until now, each country has understood the blockchain performance, some have implemented it in their banking system. By adopting the system from bitcoin, their practice seems complete to launch crypto currencies themselves.
Even though this will be a reality, I think the nature of their cryptocurrenciess is not speculative, because they will be based on fiat currency. So, expensive and cheap their crypto values, this will depend on the value of their fiat currency.
A cryptocurrency created by the government is going to have the same value as their fiat the only thing that it will change is its form, but what it is the point of holding such cryptocurrency for people like us? None, we are not going to get any benefit out of this and they are not going to deceive us, however the average person is not going to have any need for that cryptocurrency either so if we have a problem with adoption and how to get people interested in cryptocurrencies, I think the governments are going to have an even bigger problem.

So I am not afraid of the governments releasing their own cryptocurrencies because I know it is going to fail in the same way their fiat currencies are going to fail as well.

denuhaqiqi
Jr. Member
*
Offline Offline

Activity: 420
Merit: 1


View Profile
October 28, 2018, 09:11:37 PM
 #264

crypto made by the state will be different from crypto most of the time. because crypto is made by the state, the value will be the same as fiat or the country's money. it makes no difference with the exchange of national currencies. crypto made by the state, will have a more stable value, and this will not be favored by most cryptocurrencies users who often trade by utilizing fluctuating prices on the market.
Btcjunpitz18
Jr. Member
*
Offline Offline

Activity: 160
Merit: 3


View Profile
October 28, 2018, 11:23:57 PM
 #265

crypto made by the state will be different from crypto most of the time. because crypto is made by the state, the value will be the same as fiat or the country's money. it makes no difference with the exchange of national currencies. crypto made by the state, will have a more stable value, and this will not be favored by most cryptocurrencies users who often trade by utilizing fluctuating prices on the market.


I agree with you mate, still have manipulation in each state coin and they can control the said crypto like the fiat currency today.

🗣 Voice Controlled Ai Trading Assistant 👨‍💻 Portfolio Manager
📊 Analytics  ✦ AiBB ✦ Crypto ID 🔐
▬▬▬▬▬▬▬▬▬▬▬• https://aibb.io •▬▬▬
boyz97
Full Member
***
Offline Offline

Activity: 658
Merit: 106



View Profile
October 29, 2018, 02:23:30 AM
 #266

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 still depends on the acceptance if the people/demand. If people encourage to patronized their own country crypto coin and exchange and they can get more profit in investing to it then it was good. But if this crypto coin has no different value as a fiat money i think there is no different from it.
If that is true. of course the country with the largest population and strong economies like China and America will have the highest
coin prices? but I don't think that will happen. crypto in every country will only erode the existence of fiat
cryptocurrency price did not depend on population amount.demand on its coins give big influence to price.if coins developt well and has clear roadmap there were much investor support it.

M!R△CLE TELE     BRINGING MAGIC TO THE TELECOM INDUSTRY     JOIN US NOW!
▐▐   40% Biweekly Rewards     ▬▬▬   Calls at €0.2   ▬▬▬     Traffic from €0.01 worldwide   ▌▌
▬▬▬▬▬▬   ANN  Lightpaper  Bounty  Facebook  Twitter  Telegram   ▬▬▬▬▬▬
Greed Dev
Member
**
Offline Offline

Activity: 490
Merit: 10


View Profile
October 29, 2018, 02:27:45 AM
 #267

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 see cryptocurrency only able to serve the business and it can not serve a country. Because the government always knows how their people transfer money to and how they source their income through banks and income information. If blockchain technology is involved in this, the government can not control the income as well as other information about the people. It is absolutely detrimental to the development of appropriate policies to stabilize and balance the country.

───────────────    IMO Ecosystem    ───────────────
Customer First, Innovation from Everyone, Fair & Transparent
TELEGRAM  ]              J O I N   U S              [   TWITTER   ]
mkmdoc
Sr. Member
****
Offline Offline

Activity: 658
Merit: 251


VIMee - Social Network


View Profile
October 29, 2018, 02:56:56 AM
 #268

Still, I don't see any country creating their own cryptocurrency but if the situation comes true defensively they will have their own coin because each country will have different rules and regulation in order to accept payment. Each country has different names of currency which will help them to have their own cryptocurrency.


   VIMee
Social Platform
|
  VIMee - Indonesia based Islamic Social Network
●   ANN THREAD   ●   WHITEPAPER   ●

|


                     ▄█████▄   ▄▄
     ▐█▄           ▄███████████▀
     ████▄▄       ▐█████████████▀
     ▐███████▄▄   ▐████████████
       ███████████████████████▌
     ▐████████████████████████
      ▀███████████████████████
        ▀████████████████████
        ████████████████████
         ▀█████████████████
           ▄█████████████▀
     ▄▄▄▄█████████████▀
       ▀▀█████████▀▀
     

                                    ▄▄▄█▄▄
                              ▄▄███▀▀▀ ██▌
                         ▄▄███▀▀▀     ▐██
                    ▄▄████▀▀          ██▌
               ▄▄████▀▀     ▄▄▀      ███
          ▄▄████▀▀       ▄█▀        ▐██
      ▄████▀▀         ▄██▀         ▄██
    ▐██▀          ▄▄███            ██▌
     ▀████▄▄▄ ▄▄████▀             ███
          ▀▀▀██████▄             ▄██
             ██▌ ▀▀█████▄▄       ██▀
              ██▄    ███▀▀████▄▄███
               ██▌ ▄██▀       ▀▀▀▀
                ████▀


             ▄▄█████████
         ▄██████████████
         █████████▀
         ████████▌
     ███████████████████
     ██████████████████▀
         ████████▌
         ████████▌
         ████████▌
         ████████▌
         ████████▌
         ████████
sirohige
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500



View Profile
October 29, 2018, 03:43:51 AM
 #269

when each country has its own cryptocurrency, the country can develop more advanced and the country will be able to receive payments through various countries with safe and very fast shipping or transactions, hopefully this future can be created and can facilitate economic conditions in all countries .
Johann Cruyff
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
October 29, 2018, 07:19:29 AM
 #270

I think that everything is double-sided. For cryptocurrency too. The diversification of the crypto market will make the investor have many options. However, it can also lead to market volatility.
margaret22
Member
**
Offline Offline

Activity: 196
Merit: 10


View Profile
October 30, 2018, 09:28:26 AM
 #271

Would say USAcoin, but this is not really a realistic question IMO. Smiley If all the countries launch their cryptocurrencies, which they control, than it is not really different, than traditional Fiat money.

blackhawkeye1912
Sr. Member
****
Offline Offline

Activity: 784
Merit: 250


View Profile
October 30, 2018, 10:07:18 AM
 #272

That is very interesting, but as far as I know each cryptocurrency coin has its functions and purposes. So, what would be the functions of the coins if ever each country would have? It is possible, but the depicts the purpose of the coins.
project_delta
Jr. Member
*
Offline Offline

Activity: 98
Merit: 2


View Profile WWW
October 30, 2018, 10:26:01 AM
 #273

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?
Ok so then we will have a whole market of cryptos then, being controlled as US dollars controls all other currencies.
Wouldn't that centralize the power to super power country again?
Also same manipulation an suppression will continue.
We couldn't enjoy the benefits of "global money".
That would be life changing,
You don't have to keep calculating what the product is worth in your currency.


PROJECT DELTA
Shaping the Future of Blockchain
Project DELTA develops a game-changing Blockchain Protocol; projectdelta.io/
Wonder_woman
Full Member
***
Offline Offline

Activity: 611
Merit: 101

I am hired and not own by any Team!


View Profile
October 30, 2018, 10:31:00 AM
 #274

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?
Yeah because each countries has a lot of IT's, programmers and excellent coders ofcourse others already involved in crypto and if they want to earn more money they need to make their own coin and project.
Banebdjedet
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
October 30, 2018, 12:19:00 PM
 #275

That may be the diversity in the crypto market. However, it is difficult to control the flow of traffic between countries.
Faeton
Member
**
Offline Offline

Activity: 308
Merit: 11


View Profile
November 01, 2018, 07:17:10 PM
 #276

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?
Centralized coins of various countries will actually be digital copies of these national currencies. That is, they should cost as much as their national money. Therefore, it makes no sense to discuss how much the digital ruble or other digital currency of a particular state will cost. Most likely, these centralized cryptocurrencies will go mainly within each state and be used by their citizens. It is difficult to say how much they will be in demand.

Lorence.xD
Full Member
***
Offline Offline

Activity: 756
Merit: 129


★Bitvest.io★ Play Plinko or Invest!


View Profile
November 01, 2018, 07:47:21 PM
 #277

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 depends on how its people will initially accept and recognize its own cryptocurrency for the fact that a country will only do the issuing once its government and the people have already know its worth to be considerate on deciding to establish and create their cryptocurrency. Maybe same thing will apply on how fiat currency of each country will work. The expensive ones will be those cryptocurrencies that are massively used by people and the rest are cheaper because only few are into it. I like the idea that each country will do represent their own by having cryptocurrency which can be probably possible to happen in the near future.

wxa7115
Hero Member
*****
Offline Offline

Activity: 1428
Merit: 546


Coinbene.com - Experience Fast Crypto Trading


View Profile
November 01, 2018, 07:48:55 PM
 #278

when each country has its own cryptocurrency, the country can develop more advanced and the country will be able to receive payments through various countries with safe and very fast shipping or transactions, hopefully this future can be created and can facilitate economic conditions in all countries .
Cryptocurrencies are not going to solve the problems of governments just like that, this is a vision that I see in the forum and it is mistaken, what makes you think that the same politicians that take the decisions that eventually ruin the economy are going to be able to create a cryptocurrency that is going to solve their problems? If they were interested in solving their problems they will adopt bitcoin but they always think they can do better only to be shown time and time again that is not the case.

So a cryptocurrency created by the government is going to have all the same flaws as their fiat and there are going to be even greater risks since the government will know every single thing you do with your money.

Dimas99
Sr. Member
****
Offline Offline

Activity: 854
Merit: 250



View Profile
November 01, 2018, 08:03:01 PM
 #279

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 is possible for each country to issue its own currency, it means that the crypto currency has more or less the same function as the fiat currency, but different forms, if possible, may be more supportive.
Harlot
Hero Member
*****
Offline Offline

Activity: 1596
Merit: 665



View Profile
November 01, 2018, 08:52:06 PM
 #280

crypto made by the state will be different from crypto most of the time. because crypto is made by the state, the value will be the same as fiat or the country's money. it makes no difference with the exchange of national currencies. crypto made by the state, will have a more stable value, and this will not be favored by most cryptocurrencies users who often trade by utilizing fluctuating prices on the market.
It still depends on what kind of cryptocurrency they are making, if it will be based on their fiat currency then for sure it will be the same or almost the same as there fiat currency. But if it is a cryptocurrency that has unique values or it will act out like any other project based crypto then its value will be different from their fiat currency. If I'll be creating my own state issued cryptocurrency then I think it is better to stray away from our fiat currency and make it be based on some kind of project as this kinds of cryptocurrency will definitely help the economy if it will turn out to be good.

.BitDice.               ▄▄███▄▄
           ▄▄██▀▀ ▄ ▀▀██▄▄
      ▄▄█ ▀▀  ▄▄█████▄▄  ▀▀ █▄▄
  ▄▄██▀▀     ▀▀ █████ ▀▀     ▀▀██▄▄
██▀▀ ▄▄██▀      ▀███▀      ▀██▄▄ ▀▀██
██  ████▄▄       ███       ▄▄████  ██
██  █▀▀████▄▄  ▄█████▄  ▄▄████▀▀█  ██
██  ▀     ▀▀▀███████████▀▀▀     ▀  ██
             ███████████
██  ▄     ▄▄▄███████████▄▄▄     ▄  ██
██  █▄▄████▀▀  ▀█████▀  ▀▀████▄▄█  ██
██  ████▀▀       ███       ▀▀████  ██
██▄▄ ▀▀██▄      ▄███▄      ▄██▀▀ ▄▄██
  ▀▀██▄▄     ▄▄ █████ ▄▄     ▄▄██▀▀
      ▀▀█ ▄▄  ▀▀█████▀▀  ▄▄ █▀▀
           ▀▀██▄▄ ▀ ▄▄██▀▀
               ▀▀███▀▀
        ▄▄███████▄▄
     ▄███████████████▄
    ████▀▀       ▀▀████
   ████▀           ▀████
   ████             ████
   ████ ▄▄▄▄▄▄▄▄▄▄▄ ████
▄█████████████████████████▄
██████████▀▀▀▀▀▀▀██████████
████                   ████
████                   ████
████                   ████
████                   ████
████                   ████
████▄                 ▄████
████████▄▄▄     ▄▄▄████████
  ▀▀▀█████████████████▀▀▀
        ▀▀▀█████▀▀▀
▄▄████████████████████████████████▄▄
██████████████████████████████████████
█████                            █████
█████                            █████
█████                            █████
█████                            █████
█████                     ▄▄▄▄▄▄▄▄▄▄
█████                   ▄█▀▀▀▀▀▀▀▀▀▀█▄
█████                   ██          ██
█████                   ██          ██
█████                   ██          ██
██████████████████▀▀███ ██          ██
 ████████████████▄  ▄██ ██          ██
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ██          ██
             ██████████ ██          ██
           ▄███████████ ██████▀▀██████
          █████████████  ▀████▄▄████▀
[/]
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 [14] 15 16 17 18 19 20 21 22 23 24 25 26 27 28 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!