What if every country has its own crypto currency

[lovenlifelarge]

I think it is a good idea as well, but having full crypto and not having fiat cash is not feasible I think. If people will rely totally in crypto, it will be a big impact on our power consumptions.

[unusualfacts30]

The government will not allow this. However, I believe that this is a cool idea. I will refuse the fiat of money. Virtual money will make life easier.

Yeah they won't allow this and as well as the people because not everyone will agree to have a crypto currency as they'll just find this complicated and internet connection isn't available in every place so I guess this will be far to happen. It will take more years to be accepted by everyone.

although that's true but most people have internet connection these days and implementing cryptocurrency may help them become more manageable and more secure depending on which technology they go with. Those who do not have internet connection, they are either living in some village or outcasted from the current system. Our only hope is to help them rise up so they can be included in this wonderful crypto world.

[imToken]

This is contrary to the decentralization of cryptocurrencies. If every country in the world has its own crypto, I don't think this is a good trend. Once the state controls crypto, this will make crypto indistinguishable from cash.

[vova.andreyan.94]

At the moment, we are not ready to technically stand for a full calculation of the crypto currency, but the states are already trying to make domestic coins, but the Fiat money is not ready to leave the arena!

[sourish]

I think this is a probable future eventuality Which seems inevitable somehow, but definitely not in the near future.

[trill312]

Wouldnt it be nice if each country in the world issues its own crypto currency just like they issue sovereign bonds and they raise funds from there to fund projects in their economies. I know Venezuela tried to do something like that, but the project was already being killed by the governments opponents before it took off.  Now lets assume that didnt happen could it be a good way to create some form of sanity and confidence in the crypto world.

No, it will never happen otherwise the government lose its sovereignty.

Do you remember Strauss-Cahn case? He wanted to make single central bank in Europe nobody cared which country will emit money Britain, France, Italy? They started arguing about it... the best way to solve it was to kill the initiative, that's why this case showed up.

[BTCwin1]

I think every country will have its own sovereign digital currency in the future.
So I think both bitcoin and these sovereign digital currencies will exist, and the whole market will be in positive shape.

[Lazada]

Wouldnt it be nice if each country in the world issues its own crypto currency just like they issue sovereign bonds and they raise funds from there to fund projects in their economies. I know Venezuela tried to do something like that, but the project was already being killed by the governments opponents before it took off.  Now lets assume that didnt happen could it be a good way to create some form of sanity and confidence in the crypto world.

It should all come from government decisions on a country. As we know today that the government looks like banning the use of crypto, they assume that crypto is a dangerous thing. I think all we have to do is give a belief to the government that crypto is a necessity. In this increasingly sophisticated era digitalization should be a prime choice because in the future we will face a much more sophisticated era again.

[AlphaGoo]

I'm curious if every country distributes their cryptocurrencies in this way. What about the nature of the tokens? Is its role to replace cash? Or to commemorate something?

[nahnah]

I think it is very good if every country has its cryptocurrency, there will be clear rules governing if the government has cryptocurrency, and making cryptocurrency better

[bagikoin]

This certainly would be bad for the currency paper from each country that will be wasted and will not be used again. In addition, if it is indeed going to happen currency certainly crypto could not be controlled in spite of any country. This should not happen and make additional currencies as Crypto only and not the currency of a country.

[Tlongbottom]

It would be a lot like fiat currencies. If each country had its own then the governments would be heavily involved and they would be centralized like current fiat systems. One of the main advantages to cryptocurrencies is the ability to pay any one any way at anytime. You lose a lot of that if with each country having their own.

[donalfonso]

I'm curious if every country distributes their cryptocurrencies in this way. What about the nature of the tokens? Is its role to replace cash? Or to commemorate something?

Well I used sovereign bonds as example, most governments do have needs to raise funds from the public what if they adopt the cryptos as a way to raise the funds you get a token  thats an asset that can always be exchanged for cash at certain times in the project and it can appreciate or depreciate not necessarily governed by interest rates

[chickenado]

Wouldnt it be nice if each country in the world issues its own crypto currency just like they issue sovereign bonds and they raise funds from there to fund projects in their economies. I know Venezuela tried to do something like that, but the project was already being killed by the governments opponents before it took off.  Now lets assume that didnt happen could it be a good way to create some form of sanity and confidence in the crypto world.

In the real sense I dont think this will be possible. There are countries whose government are now has established the banning of  the usage of cryptocurrencies, and creating one for their own nation is like getting a stone getting a stone and hitting it to their heads.  Also I think with a general crypto such as bitcoin being use by all makes the market world wide thus the price value is much higher and could reach higher potentials.

[warcarft3]

If every country has its own cryptocurrency, I think that it is impossible for every country to have it first. Only the economy is very strong. And I think this is good news. Bitcoin will be more valuable. Do you think so too?

[micheal34]

That will be good when all country switched to digital form of money i think at some point each country will adopt blockchain technology, money printing is expensive to maintain than blockchain technology.

[TastyChillySauce00]

If every country has its own cryptocurrency, I think that it is impossible for every country to have it first. Only the economy is very strong. And I think this is good news. Bitcoin will be more valuable. Do you think so too?

Issueing a new crypto currency is easy, it doesn't need that much resource as if it's compared to paper money, it will just need bunch of programmer who know how to work with blockchain and create a cryptocurrency, even an individual could make their own cryptocurrency so there's no point of a country not having cryptocurrency when it becomes a trend across the world. Just my prediction is that cryptocurrency will be widely used as secondary national's currency for the effectiveness as a means of value transfer.

[crestella]

Yes it is good, by having its own crypto currency then the country will fast forward and transact crypto will be easier and the state income will surely increase.
Hopefully this will be realized in every country in this world.

[Altas]

If each country come up with a plan to develop its own cryptocurrency then it will surely mark a big change around the globe. Already few countries have created their own cryptocurrency and some were under trial net. On the whole a common asset is a must to valuate each and every other digital currency. For this bitcoin can be considered.

[GrandBcn]

The idea is very interesting and progressive. Some countries are discussing this issue. But I have some doubts about this. The government disposes of our taxes at its discretion. They certainly take an annual budget, etc. But we can not trust it.
If the country goes over to the official cryptocurrency, then most likely the transactions will be available for viewing to any person. If the money goes not to health care but to the military sector, it will be impossible to hide it. And do you think that at least some government will agree to this? It is necessary to remake the entire economy in the country, and this is the colossal expenditure of money and labor. I don't think that the countries are ready for this.
Venezuela in this case is an instructive example for future.