Darkman3301
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February 08, 2019, 08:02:49 PM |
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Naturally, any government will try to equate the price of its cryptocurrency to ordinary money in its own country. But it is unlikely to succeed immediately. For a start, they need to "get" people to use them.
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Halmater
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February 08, 2019, 08:05:00 PM |
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Even if each country starts to use its own crypto currency, this will have a positive impact on the widely accepted bitcoin and will increase the use of bitcoin. Because people have experienced the advantages of decentralized and anonymous payment and money transfer system.
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tinkerr10
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February 08, 2019, 09:23:41 PM |
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Naturally, any government will try to equate the price of its cryptocurrency to ordinary money in its own country. But it is unlikely to succeed immediately. For a start, they need to "get" people to use them.
Not only the government should do this. All companies, shops and others should start accepting their currency, and then gradually it will infiltrate the lives of people.
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Bitfling
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February 09, 2019, 01:05:51 AM |
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If countries issue their own crypto system, this will certainly be very interesting. So every country has its own digital currency like real currency. But I am sure if this happens surely many people will only have crypto from their respective countries, this will be very different from current crypto. I am sure crypto will become expensive and show definite growth from developed countries. Because their economy is well established, of course the crypto they make will have good development and high prices, it looks like the United States will be at the forefront if this happens.
Indeed it will be very interesting. But how is this going to be related with the current decentralized cryptoworld? It will be a totally centralized digitalization of payment methods for countries that will provide to the citizens another way of digital cash. Nothing more. Cryptocurrencies and Bitcoin initially, are created in order to connect and let people make transactions from one place of the world to another instantly. If every country issue its own crypto, I can't imagine how many regulations will this system have that will discourage people of using them. Its must be centalized currency and its should not called cryptocurrency but digital currency. As long controlled by government on the supply and the price, its should called as digital currency. Cryptocurrency should be decentralized and no authorities control the supply and the price
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maman567
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February 09, 2019, 02:05:38 AM |
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Good ideas if every country have own crypto currency, but they have depend on bitcoin and their own coin crypto have connection with bitcoin and become of bitcoin part, how ever bitcoin is main of altcoin and without bitcoin altcoin is nothing.
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Caladonian
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February 09, 2019, 02:11:30 AM |
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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?
That's impossible to be happen dude, due to government was a kind of centralized based while crypto is decentralized don't ever forget that in your mind. Government don't like transparency as the way of decentralization has transparency. And because of this system of digital currency people around the world embrace this things. This decentralized feature of crypto makes tough acceptance coming from different government institutions, as they want transparency and complete control with this system, digital currency might attract other countries but not all for this moment, the idea will continue being reviewed and process we can't say no nor yes if this things will happen to every places. Having own crypto from each countries needs them to embrace and adopt the whole system itself.
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bitcoin31
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February 09, 2019, 07:32:08 AM |
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If the citizen of the country support their coin. Because in my country have my own coin but it will not grow because the coin the price now is very cheap and I don't think any update. But in the other country if they release their own coin maybe it will become successful or the value of the coin will increase because other country have unity which is needed to the coin to rise the price and become popular to others but I think some country Have already.
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babarian
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February 09, 2019, 07:53:50 AM |
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if that happens, the crypto currency will become the world-recognized currency as the legitimate currency to use, and bitcoin as the parent of all crypto currencies will become the biggest exchange of crypto currencies in the entire world.
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Wellyan
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February 09, 2019, 10:30:37 AM |
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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 all countries have their own crypto currency of course the crypto currency will change the nature and function and of course a country that is an advanced and developing economy that will have the greatest value of course
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Crypdon
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February 09, 2019, 02:18:32 PM |
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It is happening already, venezuela has done it, soon iran will make their rial coin, then russia after that. I predict the russian rouble coin will be the most valuable for energy and weapons trading
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Kuchiyose
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February 09, 2019, 02:54:04 PM |
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It is happening already, venezuela has done it, soon iran will make their rial coin, then russia after that. I predict the russian rouble coin will be the most valuable for energy and weapons trading
Every country that legalizes Bitcoin will make a great Altcoin from each country to take advantage of the benefits that can be achieved in the future and continue to grow for everyone in the world.
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shesheboy
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February 09, 2019, 03:04:12 PM |
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Good ideas if every country have own crypto currency, but they have depend on bitcoin and their own coin crypto have connection with bitcoin and become of bitcoin part, how ever bitcoin is main of altcoin and without bitcoin altcoin is nothing.
i understand what you are trying to say and yes i agree on you . no matter how many country will create thier own coins . many people will still stick on bitcoin and also on other popular cryptos . if that happens, the crypto currency will become the world-recognized currency as the legitimate currency to use, and bitcoin as the parent of all crypto currencies will become the biggest exchange of crypto currencies in the entire world.
and bitcoin as the parent of all crypto currencies will become the biggest exchange of crypto currencies in the entire world. bitcoin is not an exchange because it is a currency ( a crypto ) if that happens, the crypto currency will become the world-recognized currency every country do already have thier own crypto's but that isnt enough for cryptos to become famous . - So far , i have never seen a country based coin that become popular but online exchange yes .
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umbara ardian
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February 09, 2019, 04:17:06 PM |
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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?
That's impossible to be happen dude, due to government was a kind of centralized based while crypto is decentralized don't ever forget that in your mind. Government don't like transparency as the way of decentralization has transparency. And because of this system of digital currency people around the world embrace this things. if every country own cryptocurrency that is difficult to happen because if every country makes its own cryptocurrency they will definitely play a price game and certainly will make coin prices easy to manipulate and there will be many bad risks that might occur later.
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Forbiddenone
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February 09, 2019, 04:20:53 PM |
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It will similar to usd,euro,etc and we take that possibility in account then it will comparable to fiat ranking,but we might see more digital transactions if this happen and thus more regulations would be there which is not good as concept of decentralization.
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akram143
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February 10, 2019, 01:31:38 AM |
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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 based on how people will accept them in the beginning and how the country will promote their own cryptocurrency for development these two things will decide how the currency will develop and when it will be more powerful.
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STT
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February 10, 2019, 02:00:57 AM |
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Funny as this topic is, its closer to reality then we might suspect. Rather then separate national currencies, there is a standing proposal for a united currency called the SDR which is right now traded. Its a FIAT based currency and the organisation the IMF has proposed similarly a crypto based currency that would also be available.
It is feasible however I do think it would differ from BTC in its distribution and main control, not being decentralised and so on. Venezuela in theory proposed a national crypto currency but I also doubt that has really taken off, again it was never going to be decentralised so very lacking in most minds of people who support crypto
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TheClownSong
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February 10, 2019, 04:17:29 AM |
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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?
That's impossible to be happen dude, due to government was a kind of centralized based while crypto is decentralized don't ever forget that in your mind. Government don't like transparency as the way of decentralization has transparency. And because of this system of digital currency people around the world embrace this things. if every country own cryptocurrency that is difficult to happen because if every country makes its own cryptocurrency they will definitely play a price game and certainly will make coin prices easy to manipulate and there will be many bad risks that might occur later. Its seem like fiat money but in digital. Every government or central banks must be control their currency value and its easy for government or central banks to control their own crypto price with more supply in market. If every government create their own crypto, they still have to control the price in market because its affecting to their export or import balance
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Pattart
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February 10, 2019, 05:47:41 AM |
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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?
That's impossible to be happen dude, due to government was a kind of centralized based while crypto is decentralized don't ever forget that in your mind. Government don't like transparency as the way of decentralization has transparency. And because of this system of digital currency people around the world embrace this things. if every country own cryptocurrency that is difficult to happen because if every country makes its own cryptocurrency they will definitely play a price game and certainly will make coin prices easy to manipulate and there will be many bad risks that might occur later. Its seem like fiat money but in digital. Every government or central banks must be control their currency value and its easy for government or central banks to control their own crypto price with more supply in market. If every government create their own crypto, they still have to control the price in market because its affecting to their export or import balance so the government has to work more if they have 2 currencies, if the government tries to stabilize and improve the rate of local currency so that their economy is far better. Should crypto also describe their economy? I think it is impossible for every country to make an idea like this?
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tinystone26
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February 10, 2019, 02:08:33 PM |
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I think it be the same to their regular currency which is their fiat but still it will make some sort of thing that can also get a chance to grow in the future. And I think it will increase the potential growth of some currencies if all people would know how much helpful online currency is in the our growing technology.
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babarian
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February 10, 2019, 03:12:14 PM |
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This is a very good idea and idea, if cryptocurrencies are acceptable throughout the world and every country can create their own crypto currency then this would be very good for the development of crypto currencies in the world.
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