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Author Topic: Each country has its own crypto currency!  (Read 3574 times)
@Mhaiang
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November 02, 2018, 12:20:15 AM
 #281

No matter how many cryptos each countries have, the one with a better concept among others will always have a better chance of getting its market cap and price pumped basically because more investors will be attracted to it.

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November 02, 2018, 05:22:03 AM
 #282

If states begin to create their own centralized cryptocurrency, it will simply be a working complement to their regular national money.
 Most likely, they will even have the same value. The centralized cryptocurrency of individual states will provide cryptocurrency opportunities to ordinary currencies, it will be a kind of combination of cryptocurrency and local money. In my opinion, it is too early to say that such a cryptocurrency will be absolutely useless. It seems that this may be the type of current stable coins, only they will be used mainly not as a trading on the exchange, but as a payment system. This is what we lack for now.

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November 02, 2018, 06:28:39 AM
 #283

Owning a currency in a country is like a regular fiat for me and I think the highest value of them all will gonna USD Crypto currency. That's why I think I will just invest my money in a regular and popular currency like my favorite currencies which is Ethereum, XRP, BCH, etc.

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November 03, 2018, 03:33:04 PM
 #284

Electronic money is growing all over the world. But every country has its own investment in different electronic currencies. The value of each penny in each country is not the same. They depend on the economic development of the countries. Which countries are strong financially, e-money is strong.

It is possible. I can imagine that some countries will decide to do it. I have heard that Russians were talking about the appearance of their cryptoruble. maybe, their citizens will be interested in it.
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November 03, 2018, 03:58:10 PM
 #285

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 its not gonna happen,almost all governments hate cryptocurrency.If different countries have their own cryptocurrency i think they will make a coin that they can control and the concept of being decentralized in a cryptocurrency is already gone.
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November 03, 2018, 04:38:44 PM
 #286

I believe that there are two factors, one of them is associated with the literacy rate, The basic requirement to use blockchain based cryptocurrencies lies in the ability to use the internet and devices to transact and we don't have an impressive literacy rate especially when it comes to the technology. The second one is the risk of going against the fundamentals of the principles of the blockchain, it doesn't make any sense if any government is issuing cryptocurrency and holding the control of it without sharing it with the users because even in that case it won't be truly decentralized.
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November 03, 2018, 08:14:29 PM
 #287

Electronic money is growing all over the world. But every country has its own investment in different electronic currencies. The value of each penny in each country is not the same. They depend on the economic development of the countries. Which countries are strong financially, e-money is strong.

It is possible. I can imagine that some countries will decide to do it. I have heard that Russians were talking about the appearance of their cryptoruble. maybe, their citizens will be interested in it.
For sure it is good to happen because now as in this age of digitals we really need and want changes same as other systems, currency needs the change too, so I am sure this is gona be new revolution, after it all over the world people will use crypto currency not the fiat currency according to me using crypto is malty beneficial and Russia also many other countries are converting their payments to crypto currency now.
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November 03, 2018, 08:33:59 PM
 #288

Yeah sure it will grow because other countries will own other countries coin and I believe coins like USAcoin will be in high demand. and I believe it might happen in near future because it will help the government to cut down cost on maintaining the paper money

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November 04, 2018, 01:20:54 AM
 #289

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 it will be like fiat money, because still controlled by government. And like current fiat money, its depending on their economic strenght. I think it can not called cryptocurrency because central banks still control the supply and the value
Yeah there will be no difference in fiat and government owned crypto. One country’s people will not use the crypto of any other country. It will not succeed, and I think it will not be acceptable to other countries. Anyway we should not waste our time in personal coins. Bitcoin is enough for the whole country and we should promote bitcoin in the whole world.

I think its hard for bitcoin to be global currency because its decentralized system. From what i am read, finance institutional already call bitcoin as digital asset but bitcoin is very flexible because we can use it as currency in merchant that accepting it
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November 04, 2018, 01:36:37 AM
 #290

I imagined this and i think the biggest value is the country that can good enough in all aspect . And i think the county that have more technologies is had a good value . There are some countries that didnt know about this but if the government keep knowing this its very interesting and more helpful to the future thats why the idea of the own crypto in every country is really great , but lets see in the future.

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November 05, 2018, 01:48:07 PM
 #291

I think there won’t be any difference between national crypto and fiat. The national crypto will be centralized and controlled by the government. The value won’t be higher just because the currency went digital. The countries with the dominant economy will maintain their positions. So, nothing will change and there isn't much sense in it.
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November 05, 2018, 02:35:09 PM
 #292

I imagined this and i think the biggest value is the country that can good enough in all aspect . And i think the county that have more technologies is had a good value . There are some countries that didnt know about this but if the government keep knowing this its very interesting and more helpful to the future thats why the idea of the own crypto in every country is really great , but lets see in the future.

You are right, the countries that are rich in everything will have the highest value of their digital currencies and those countries that lacks of it will only have a lower value. So not fair again at all.
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November 05, 2018, 02:51:04 PM
 #293

I think that'll be a kind of their present currencies and there would be no difference b/w fiat and crypto.
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November 05, 2018, 03:23:37 PM
 #294

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 if each country has own cryptocurrency it will have no difference in their own currency in their country because only people in their country will support to invest and buy their cryptocurrency, so it will not be expensive and will not show growth. But i think larger and developed countries has a chance to have an expensive cryptocurrency.
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November 05, 2018, 03:32:50 PM
 #295

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 its not gonna happen,almost all governments hate cryptocurrency.If different countries have their own cryptocurrency i think they will make a coin that they can control and the concept of being decentralized in a cryptocurrency is already gone.

I agree, crypto has to stay decentralized.

That's the biggest reason for using it.
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November 05, 2018, 03:33:25 PM
 #296

when every country already has its own cryptocurrency it will probably have a good influence on the use of digital currencies and cryptocurrency currencies that will use a lot and will make prices very expensive.
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November 05, 2018, 10:36:05 PM
 #297

I think that is a good thing if each country has its own crypto currency in the form of their country's original currency with the same symbols and exchange rates, this would have a positive effect on the crypto currency market even though the country only uses it in their territory , the prices of other crypto currencies such as bitcoin and ethereum will also increase again because the trust of the government and the community has begun to improve
wxa7115
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November 05, 2018, 10:43:12 PM
 #298

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.
Those cryptocurrencies completely controlled by the governments are not going to be useful at all because they will be centralized and even if the governments put a limit to the amount of coins, they could always change the code and change the rules as they have always did, if we want cryptocurrencies to become successful then we need to support coins that are decentralized, with a limit in the amount of coins and that have honest developers behind them that will never change the code.

Because the moment they change the code then everything is lost and eventually that coin is going to lose all its value and all of its investors are going to be the ones that will pay the price for the lack of honesty of those developers.

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November 07, 2018, 06:37:20 AM
 #299

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.
There would be no use of personal coin on international leave. If every country must open its own exchanges and transactions would be made within national terrorist, what would be profit for them. Virtual currency always works when it is dealt on international leave. millions of people come and try their skills and earn money from it. So, this wouldn’t be of some use.
in my opinion it might happen. like fiat money, where each country has its own currency, it is the same in the digital world, where it is possible for each country to do the same.

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November 07, 2018, 08:35:59 PM
 #300

Yeah sure it will grow because other countries will own other countries coin and I believe coins like USAcoin will be in high demand. and I believe it might happen in near future because it will help the government to cut down cost on maintaining the paper money
Of course, states will create their own centralized cryptocurrencies and, most likely, they will be a virtual reflection of their national money and will cost as much as the national money of these states. This sooner or later vseravno happen. As soon as the majority of states legalize cryptocurrency, this path will be inevitable.

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