What if every country has its own crypto currency

[stue]

Personally, I tend to disagree with the proposal. Crypto will be better if it can be accessed generally by everyone from various countries, it will facilitate the transaction. More crypto types will make some crypto weak and its use is also inefficient.

[Litefoxx1698]

I don't think this is a good idea. Crypto is great because it is an intentational and have not borders in it using for all people

[llecrf]

A country has its own rules regarding cryptocurrency and I still hope that the State and government can accept Bitcoin without having to make their own coins, this will make crypto prices more competitive and Bitcoin will lead to crypto market capitalization

[Sendi blackspade team]

maybe the crypto currency will be different in nature and function like the previous crypto currency and maybe the function will be like a fiat currency, of course

maybe that will happen, because in some countries there have been those who use bitcoin or other crypto money as certain payment fees, not just as trading assets. when the government makes their own cryptocurrency it will be good because the function of crypto money as a means of payment will be carried out in all governments.

[EvgenOrel]

What are they for? Rate of every currency is formed by demand and there will be no demand for cryptos in places, where fiat coulb be used much better.

[Who I]

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.

Most countries can't have their own national cryptocurrencies because they don't have any reserves of natural resources and the like. The national currency should be provided with something. Russia for example oil, what any other country-gold....

[ned.ryerson]

maybe the crypto currency will be different in nature and function like the previous crypto currency and maybe the function will be like a fiat currency, of course

cryptocurrency will not be able to become the same as fiat money. if you see a cryptocurrency that looks like fiat money, then it is not a cryptocurrency. everything is very simple.

[cichaescut]

I have some doubts that every county would have its own crypto for several reasons. First of all, you need that every single country in the world should switch to the blockchain standard and to become decentralised. I do not think that everybody will do that.

[faisaladitya]

in my opinion it is very good if every country has its own crypto currency. because with the presence of the kryto currency in each country, people easily make transactions.

[AgentZero23]

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 don't think it is a good idea and having two currency in a country would be impractical. If you create a currency that has only one goal is for payment then there is no need to create another one.

[Transformbitz]

Actually it's happening around the world the mass adoption continuous in every several regions nationwide/worldwide. Analysts says that the cryptocurrency/blockchain is bigger than the internet or the .com bubble. Just sit back and relax we are all going to get what we wanted to have.

[VPScreator]

Now and so many coins for different purposes or sometimes just one coin is a copy of another. We do not need so many coins, and if each country will produce its own cryptocurrency, as for me, it is meaningless.

[Ini35]

If any or every country decides that today, then that would be a plus to such country, because it would aid so many developmental processes. Then such cryptocurrency might just serve the purpose that any crypto would serve.
If such should happen, the populace in such country would be aided financially, because that would be an opportunity for them to benefit from the crypto space.

[Fidelius]

Wel, dreams of governers will become true, they will be able of taxing cryptocurrencies, but I can see no use cases for such cryptocurrencies in the neares future.

[tsaroz]

That soon would be the case. As you know paper money is just a banknote/bill payable to bearer on demand. Tokens can easily replace banknotes and would be cheaper than to regularly printing new issued or replaced banknotes and also would be more auditable. Tokens would replace banknotes as the national currency token in near future.

[bestpikka]

That soon would be the case. As you know paper money is just a banknote/bill payable to bearer on demand. Tokens can easily replace banknotes and would be cheaper than to regularly printing new issued or replaced banknotes and also would be more auditable. Tokens would replace banknotes as the national currency token in near future.

but what about the price of the token? because if prices are too extreme like this, it would be very difficult to convince state governments to make tokens to replace paper money in the near future.

[paveel90]

Now every celebrity and every nerd has its own crypto. It mean appearence of the huge amount of shitcoins only, because best fiat currencies already have crypto analogues.

[babykika2027]

although in the future there will be innovations from cryptocurrency, I don't think it will be easy for a country to make crypto for official transactions, there are still many countries that have not legalized crypto, but I will later make it easier and more widely used for all fields

[bvg96634]

As far as I earned more than I have put in, I am not regreting, because all of my portfolios are from earned money before.

[Jaggi90]

This will be a good idea of all countries have their own crypto currency. Since all countries have their specific currency controlled by the dollar , so if crypto currency is also their , it will be controlled by the Bitcoin.