Bitcoin Forum
August 19, 2019, 03:29:30 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   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 3283 times)
markus124
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500



View Profile
April 21, 2019, 12:30:29 PM
 #541

Hope a crypto currency type of money get created in Argentina. Is so need it here, we have a 50% inflation and people save their money in dollars. With a blockchain powered currency theres going to be more confidence that the goverment wont have power to destroy the currency. As long the new crypto doesnt look like the "venezuelan petro"  Grin I"ll buy it.
1566228570
Hero Member
*
Offline Offline

Posts: 1566228570

View Profile Personal Message (Offline)

Ignore
1566228570
Reply with quote  #2

1566228570
Report to moderator
1566228570
Hero Member
*
Offline Offline

Posts: 1566228570

View Profile Personal Message (Offline)

Ignore
1566228570
Reply with quote  #2

1566228570
Report to moderator
1566228570
Hero Member
*
Offline Offline

Posts: 1566228570

View Profile Personal Message (Offline)

Ignore
1566228570
Reply with quote  #2

1566228570
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1566228570
Hero Member
*
Offline Offline

Posts: 1566228570

View Profile Personal Message (Offline)

Ignore
1566228570
Reply with quote  #2

1566228570
Report to moderator
1566228570
Hero Member
*
Offline Offline

Posts: 1566228570

View Profile Personal Message (Offline)

Ignore
1566228570
Reply with quote  #2

1566228570
Report to moderator
alyssa85
Legendary
*
Offline Offline

Activity: 1512
Merit: 1059


View Profile
April 29, 2019, 12:50:37 PM
 #542

Just to update on this topic, it looks like Sweden's central bank is considering issuing it's own cryptocurrency:

https://www.bloomberg.com/news/articles/2019-04-29/swedish-central-bank-wants-answer-to-what-s-legal-tender-fast

Quote
Cash use has decreased rapidly in Sweden and a scenario within the not-too-distant future, in which cash is not generally accepted, can’t be ruled out.”

Sweden is becoming a guinea pig in what constitutes legal cash in a digital world as the Nordic country’s citizens flock to credit and debit cards and other digital payment services. Many bank branches have now stopped offering money withdrawals as stores and restaurants are phasing out cash. Some people are finding it difficult to cope without access to mobile phones or bank cards. There are also fears around what would happen if the digital payments systems suddenly crashed.

The Riksbank is exploring its own digital currency, while legislators are leaning toward forcing banks to handle cash.

Irvinn
Full Member
***
Offline Offline

Activity: 742
Merit: 104



View Profile
April 29, 2019, 06:19:57 PM
 #543

If almost every state creates its own centralized cryptocurrency, I think that this will positively affect the whole decentralized cryptocurrency. The national cryptocurrency is likely to have signs of stable coins and will be equated to the price of the usual currency of each state. That is, such a cryptocurrency should not grow much or fall in value. Its price movements will reflect the state of the economy of each state.

Xalata
Member
**
Offline Offline

Activity: 266
Merit: 10


View Profile
April 30, 2019, 05:54:25 AM
 #544

Each country having its own coin is not something crypto enthusiasts wish to see but to see that bitcoin is accepted in every country. that would bring extra value to bitcoin. Anyway if every country is to create their own cryptocurrency then you can be rest assured that China coin would be the most expensive coin.

Golftech
Hero Member
*****
Offline Offline

Activity: 1316
Merit: 510



View Profile
April 30, 2019, 06:05:49 AM
 #545

Just to update on this topic, it looks like Sweden's central bank is considering issuing it's own cryptocurrency:

https://www.bloomberg.com/news/articles/2019-04-29/swedish-central-bank-wants-answer-to-what-s-legal-tender-fast

Quote
Cash use has decreased rapidly in Sweden and a scenario within the not-too-distant future, in which cash is not generally accepted, can’t be ruled out.”

Sweden is becoming a guinea pig in what constitutes legal cash in a digital world as the Nordic country’s citizens flock to credit and debit cards and other digital payment services. Many bank branches have now stopped offering money withdrawals as stores and restaurants are phasing out cash. Some people are finding it difficult to cope without access to mobile phones or bank cards. There are also fears around what would happen if the digital payments systems suddenly crashed.

The Riksbank is exploring its own digital currency, while legislators are leaning toward forcing banks to handle cash.

Another great news to consider, though they've haven't mentioned about crypto but digital currency, we do hope to see that options for crypto will also be considered, as this oldest Central bank will be a big impact if they will begin to use crypto currency for their own benefits.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

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

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
onrise
Sr. Member
****
Offline Offline

Activity: 952
Merit: 280



View Profile
April 30, 2019, 07:59:32 AM
 #546

Each country having its own coin is not something crypto enthusiasts wish to see but to see that bitcoin is accepted in every country. that would bring extra value to bitcoin. Anyway if every country is to create their own cryptocurrency then you can be rest assured that China coin would be the most expensive coin.

This is certainly not what the people would want it because it would be just like fiat where each country has their own currency and just like dollar some other country's currency would dominate and btc will collapse in such case.

incomefromcoins
Jr. Member
*
Offline Offline

Activity: 336
Merit: 1


View Profile
April 30, 2019, 08:40:17 AM
 #547

with the invention of the stable coin, every country and big financial institutions  are also launching stable coin This year 2019 is the year of stable coins
usorin
Hero Member
*****
Offline Offline

Activity: 1134
Merit: 500



View Profile
April 30, 2019, 11:52:09 AM
 #548

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?
To be realistic it has to make a connection with the status of the national economy. A strong economy brings with it a strong crypto coin like the american dollar.
galundan9
Full Member
***
Offline Offline

Activity: 630
Merit: 100



View Profile
April 30, 2019, 04:58:30 PM
 #549

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?
To be realistic it has to make a connection with the status of the national economy. A strong economy brings with it a strong crypto coin like the american dollar.
in the end it was like where a centralized economic enforcement would be forced to enter into the crypto system. This will not be too complicated for the US because they only need to take important policies towards Usdt so that they no longer start from the bottom.

Crypto from other countries will also not automatically be able to talk much globally, but they will be more structured in domestic crypto finance.
logicgate
Sr. Member
****
Offline Offline

Activity: 840
Merit: 252



View Profile
April 30, 2019, 08:26:52 PM
 #550

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?
To be realistic it has to make a connection with the status of the national economy. A strong economy brings with it a strong crypto coin like the american dollar.
 American dollar not same as digital coin because dollar has physical presence but digital currency does not have, for me this is not possible to generate digital currency for every country if it will happen I think crypto currency will reduce name and value, so better we promote and use the crypto currency we have in market.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

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

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
BeGoods
Legendary
*
Offline Offline

Activity: 1372
Merit: 1008



View Profile
May 01, 2019, 02:07:06 AM
 #551

Each country having its own coin is not something crypto enthusiasts wish to see but to see that bitcoin is accepted in every country. that would bring extra value to bitcoin. Anyway if every country is to create their own cryptocurrency then you can be rest assured that China coin would be the most expensive coin.

This is certainly not what the people would want it because it would be just like fiat where each country has their own currency and just like dollar some other country's currency would dominate and btc will collapse in such case.

of course it is not my desire too, besides that it is impossible to happen. the existence of 2 legitimate currencies will only make the people of that country become confused, which are the main currency and which are the options, because both are legitimate currencies?
alonelyorange
Member
**
Offline Offline

Activity: 532
Merit: 10



View Profile
May 01, 2019, 03:07:14 AM
 #552

Each country have own currency I think will make bitcoin and altcoin price have higher at the future, always support when have country want to legal bitcoin as transaction payment and we will see how bitcoin and altcoin get to higher price.
nak02
Full Member
***
Offline Offline

Activity: 486
Merit: 100


Harmony for One and All


View Profile
May 01, 2019, 02:31:58 PM
 #553

We don't need it as long as the country is still using the FIAT money because it was represent just like own crypto-currency, but you said exchange right ? Well there is nothing because our fiat is already have a value in other country that's equivalent to it.

munareal
Full Member
***
Offline Offline

Activity: 644
Merit: 102


View Profile
May 01, 2019, 05:56:04 PM
 #554

Presently all countries of the world have their own different fiat currency so each country having its own different cyptocurrency will not be an issue if adapted.It will bring massive utilization of cryptocurrency which can stabilize troubles economy and Bitcoin will be in demand and will gain more value being the pioneer of crypto coins
Harith65
Member
**
Offline Offline

Activity: 448
Merit: 10


View Profile WWW
May 01, 2019, 06:01:25 PM
 #555

all the world have their own crypto currency not for country, but some countries have introduce their currency but normally it use all world. in a country it is difficulty take one crypto currency as their own currency because this currency will yous all the countries without any regulations as well as the will be able to trade that in many exchanges. therefore a country can take profit by making currency but they can keep one as their currency,

alyssa85
Legendary
*
Offline Offline

Activity: 1512
Merit: 1059


View Profile
May 01, 2019, 11:13:30 PM
 #556

It looks like Ethiopia is looking to launch it's own cryptocurrency too:

https://www.investinblockchain.com/cardano-founder-collaborates-with-ethiopian-government-create-cryptocurrency/

Quote
According to Hoskinson, Atala is a groundbreaking blockchain framework built from the ground up to serve real-world use cases such as property registration, supply chain management, voting systems, and cryptocurrency adoption.

Per the Forbes report:

    “Atala is an enterprise framework similar to Hyperledger Fabric. However, the point is to be a solutions provider for governments in need of a municipal currency or a supply chain management system.”

The first implementation of the Atala framework will be used to develop a cryptocurrency for the Ethiopian capital, Addis Ababa, to provide a secure and dependable means of payment

It totally makes sense for them to just start with the capital city - that way if it's a flop (say people prefer to hold bitcoin rather than the Ethiopian crypto) it can easily abandoned.

KennyR
Hero Member
*****
Offline Offline

Activity: 1204
Merit: 501


View Profile
May 02, 2019, 12:34:29 AM
 #557

Each country having its own cryptocurrency is good, but this won't be cryptocurrency in my view. Those were digital form of fiat currencies integrated to a blockchain platform backed by gold or the fiat currency. With bitcoin the scenario is different, and these country owned cryptocurrencies can be used for the good of faster transactions and we cannot expect similar growth same as that happens with decentralized ones.
Opnsrc
Hero Member
*****
Offline Offline

Activity: 1064
Merit: 500



View Profile
May 02, 2019, 03:39:08 PM
 #558

If almost every state creates its own centralized cryptocurrency, I think that this will positively affect the whole decentralized cryptocurrency. The national cryptocurrency is likely to have signs of stable coins and will be equated to the price of the usual currency of each state. That is, such a cryptocurrency should not grow much or fall in value. Its price movements will reflect the state of the economy of each state.

It is not a problem to create a national cryptocurrency but I do not think that it has any sense. First, people should learn how to use Bitcoin and existing altcoins. Further, they can think about their local crypto.
Argoo
Full Member
***
Offline Offline

Activity: 742
Merit: 102


CurioInvest [IEO Live]


View Profile
May 28, 2019, 08:30:45 PM
 #559

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 the majority of states issue their own cryptocurrency, it will actually be one of the stable coins and a digital copy of the national currency. Therefore, its value will not change. The national cryptocurrency will be equal in value to the ordinary currency of this state. These currencies should go together and complement each other's capabilities.

Ayiranorea
Sr. Member
****
Offline Offline

Activity: 826
Merit: 253



View Profile
May 28, 2019, 10:45:03 PM
 #560

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 the majority of states issue their own cryptocurrency, it will actually be one of the stable coins and a digital copy of the national currency. Therefore, its value will not change. The national cryptocurrency will be equal in value to the ordinary currency of this state. These currencies should go together and complement each other's capabilities.
As in the quote particular country's national currency will get integrated into some smart contract and gets used as a cryptocurrency which will be having the stable value and already we've got digital copy usage through the electronic money transfer. Already there were few countries with its own cryptocurrency, but hasn't used much. Probably these cryptocurrencies get importance as a transaction medium within the country while for cross country transaction something common as bitcoin or ethereum is the possible cryptocurrency to be used.

           ▄▄████▄▄
      ▄▄███▀    ▀███▄▄
   ▄████████▄▄▄▄████████▄
  ▀██████████████████████▀
▐█▄▄ ▀▀████▀    ▀████▀▀ ▄▄██
▐█████▄▄ ▀██▄▄▄▄██▀ ▄▄██▀  █
▐██ ▀████▄▄ ▀██▀ ▄▄████  ▄██
▐██  ███████▄  ▄████████████
▐██  █▌▐█ ▀██  ██████▀  ████
▐██  █▌▐█  ██  █████  ▄█████
 ███▄ ▌▐█  ██  ████████████▀
  ▀▀████▄ ▄██  ██▀  ████▀▀
      ▀▀█████  █  ▄██▀▀
         ▀▀██  ██▀▀
.
WINDICE
.


      ▄████████▀
     ▄████████
    ▄███████▀
   ▄███████▀
  ▄█████████████
 ▄████████████▀
▄███████████▀
     █████▀
    ████▀
   ████
  ███▀
 ██▀
█▀
.


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


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


.


.
OPlay NowO
.


.



.
.
Follow Us
▀▀▀▀▀▀▀▀▀▀▀▀
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:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!