What if every country has its own crypto currency

[chixka000]

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.

Bitcoin is sound money. If governments messed up economy they can do the same with their cryptocurrency. It doesn't matter and doesn't make a lot of sense imo.

[ethereumhunter]

I think if the country has its own crypto currency then they will accepting cryptocurrency in large aspects but they will make some regulations to control the cryptocurrency movements. they will change their point of view about the digital money because they have their own crypto and they need to control their crypto so they need to getting involved in the crypto and supporting the crypto. but still, the government cannot control the cryptocurrency because cryptocurrency is not centralized and they should let the crypto decide what will happen later.

[plr]

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.

Sometimes ago some countries tried to do that, but they failed miserably if they want to raise funds, they can just tax their people, instead of creating their own coin because there are still a lot of people that thinks that bitcoin and other cryptocurrency are bubble that's waiting to explode.

[FaucetKING]

I am totally against these childish moves of govs. Do you know that making their own tokens and coins will open more markets and will influence on bitcoin's price and it will really make the market hype for some weeks or months and then, more and more problems will start to happen I highly suggest not doing that or they can integrate altcoins and bitcoin in daily life use.

[PadenoM]

Hi, it could be good every country has its own crypto, but how will you determine its value, it will raise some problems if USA crypto worth more than Mexico

[dkkhfhar]

If every country has its own password currency, it will not have any meaning for the world economy, it is just another way of Fiat. Like the oil coins of the party, it can only circulate in that country, and people will not buy their oil coins.

[Semen89]

I find it very interesting that this was the case and whether these coins were popular in other countries and how to put them into circulation in general, a good topic for discussion

[alimarh]

If every country has its own crypto currency it will really make crypto space to go viral, it will be reach  the highest adoption because many will get to know about crypto and adopt it and regulation won't be that much again.

[defoman]

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.

The state will never take such a step. And if it goes, then only in order not to lose control over the issue of money. Imagine that this happened and there was a private decentralized national cryptocurrency, which means that there will be no need for the usual banks, it will eliminate corruption or at least reduce the likelihood of receiving bribes and money laundering. Do you believe that the state will do this?

[rahimali]

Then there will be no difference between cryptocurrency and their usual flat currency. Beside this will not be decentralized then. Bad Idea!

[Predator25]

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.

This will be very hard and it will take many steps for this to be accomplished, the government will have a hard time passing this kind of petition and by that for me is impossible and i dont think that a country will have a cryptocurrency.

I think it is a good one. It is a good speculation if any country has one cryptocurrency. Maybe it have already replacing the real money into a digital money which makes the transaction very fast because it is moderated by the technology and by the internet also for a secure transaction.

[benjamin11]

If that ever happens, then the competition will increase and will become tougher. Also, every country would be able to join and enter cryptocurrency easily and convenient. Payment system will also be easier and faster and limitless. I think its a great concept but it will be difficult to do and the process will be long.

[joesastro]

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.

Personally, I think, it would be great fun because cryptocurrency market has one vision to replace fiat currency and to promote digital currency to have faster processing and less cost. If all countries have the coin of cryptocurrency itself, perhaps its popularity is very different, and it forms another crypto coin for some particular country which is cheap compared to other known countries when it comes to economic stability. So every country will have its own crypto then it will become a market success.

[linkybit]

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.

I think it'll be the ideal scenario if every country has its own cryptocurrency. But to reach that situation we have to wait for decades.  

[labilaab]

Interesting question.This is what in my mind also before.I think this is possible if ever cryptocurrency will be legalized globally, I mean all country will accept it since every country has the represented fiat currencies so as this cryptocurrency if be legalized thoroughly.If this happens, then I think theres a little discrimination still regarding the prices just like the fiat currencies value.I think they still depends to fiat currencies value if ever they make each crypto in every country.

[Dextord]

I also think if it happens like that every country has cryptocurrency, it could happen but in my opinion it will surely take quite a long time because a lot of negative news about cryptocurrency,  If it happens cryptocurrency will be the payment in the future

[boller]

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.

Do you mean their own cryptocurrency? It is really possible. But, is that really good for the other cryptocurrencies? I just feel worried if they will stop or ban the other cryptocurrencies outside of their own crypto. Actually, it is a good development for the crypto world if each country has its cryptocurrency. However, we must also think of the effects of the emerging to the other crypto in the world that have been previously.

[Bttzed03]

Each government will have to kill their own banking system first before that happens and they have to fix their own internet connections before they can fully implement their national cryptocurrency.

[Where2Go]

I'll trade you some Japan coin for some China coin, and I need a rubdown so I'll trade you some Switzerland coin for some Thai coin IF YA KNOW WHAT I MEAN  

[shoujiuhaituo7]

If all countries had their own cryptocurrency COINS, decentralized cryptocurrency would be the most valuable.

At that time, bitcoin would be worth more, so people around the world could use it.