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Author Topic: What if every country has its own crypto currency  (Read 54867 times)
Hotrod_88
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March 22, 2019, 05:57:59 PM
 #421

I do want every country to at least accept the idea of using cryptocurrency legally. But not in the way that each country will make its own crpyto for this sake.
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March 22, 2019, 05:59:41 PM
 #422

I do want every country to at least accept the idea of using cryptocurrency legally. But not in the way that each country will make its own crpyto for this sake.
I agree on this one. I think there is more than enough cryptos out there to make this idea happen.
Bdstar
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March 22, 2019, 06:19:52 PM
 #423

I think then market will be spread more and Crypto currency will be more popular than now.But some crypto will be successful more Because of location and popularity of a country.But before that it wouldn’t be happen Because many country doesn’t like crypto for various reason and they already banned crypto like BTC so your idea is not bad but it Won't be real.           
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March 22, 2019, 06:28:06 PM
 #424

I think then market will be spread more and Crypto currency will be more popular than now.But some crypto will be successful more Because of location and popularity of a country.But before that it wouldn’t be happen Because many country doesn’t like crypto for various reason and they already banned crypto like BTC so your idea is not bad but it Won't be real.            
As mentioned the popularity of cryptocurrency will be high in the FUTURE. As a beginning to the same more countries have begun to adopt the technology and soon can expect them to have their own cryptocurrency. Maybe the country and the development plays a big role in grabbing the market. Importantly their will be a hard competence to be in the top market.

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Gekkoo
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March 22, 2019, 06:53:25 PM
 #425

This need for governments happens because most people do not mind taking care of their own finances and even retirement! Why would it be so beneficial for Bitcoin to create cryptocurrencie for each country? Why do people need to be submissive to governments? If that happened, it'd be the end of the cryptocurrencies we know today! Don't despise this present world of possibilities.
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March 22, 2019, 07:08:42 PM
 #426

I do want every country to at least accept the idea of using cryptocurrency legally. But not in the way that each country will make its own crpyto for this sake.
I agree on this one. I think there is more than enough cryptos out there to make this idea happen.
Altcoins really do need the exposure more to reach the majority of people. And this will be more easier if the government doesn't interfere much about this industry. That's why need to engage more to people by informing them, as well as clarifying misconceptions about blockchain and cryptocurrency. For instance, the news about the upcoming exchanger of Bitrus could help the industry get more people into crypto world.
No Pain No blood
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March 22, 2019, 07:31:14 PM
 #427

every country has its own crypto coins, I think that's a good thing. this indicates that mass adoption has taken place. but in reality there are still many countries that still refuse for various reasons.
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March 22, 2019, 08:36:35 PM
 #428

It would be very interesting but unfortunately useless.. Every country have their own currency right but if they start cyrpto money everything would turn worthless. All cryptocurrency coins would lost and we would loose the blockchain mentality forever.
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March 22, 2019, 08:42:43 PM
 #429

Even if each country create own crypto currency the people will can get that crypto only if is backed up by real money and even so each country will put to much fee on this which i not like at all.

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March 22, 2019, 09:07:56 PM
 #430

I recently became interested in a new crypto project Sound Money Coin whose creator is a mathematician who is keen on the Austrian School of Economics. I learned a lot of new things about the financial system of the world and how it can be in a mathematical model. I hope that ideas can translate ideas into the project Sound Money Coin!

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ven7net
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March 22, 2019, 09:46:18 PM
 #431

You know, this makes sense and a great opportunity for each country. In my opinion, if each country had its own currency, this would help many countries become more successful than they are now and achieve a high standard of living for their citizens. The fact is that the old system has already led many countries into a dead end and into debt. A cryptocurrency would help dump this burden and give a new breath of fresh air for the development of all industries. Indeed, launching your own cryptocurrency is a great idea and an opportunity primarily for ordinary people, but I’m sure that we will soon know how it will be.
Eildosa
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March 22, 2019, 10:04:23 PM
 #432

I don't think that's bad. It's just that every country will have a stable crypto that people can use. But it seems to me that people will not change decentralized crypto to centralized one.

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March 22, 2019, 10:05:02 PM
 #433

If countries start having their own cryptocurrencies, probably stable coins, then mainstream adoption is certain. But this is almost impossible because it has many implications. The government authorities will always oppose this. A bank in the US was closed for allegedly supporting Venezuela's PETRO, that is to show you the extent these centralized authorities can go to hinder this.  I will be extremely glad if this happens, but for now, it remains a fallacy.

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March 22, 2019, 10:07:49 PM
 #434

The event that will occur if each country has its own crypto, there will be no competition between countries because all countries can already be independent in terms of the economy so that there are no more countries that need assistance from other countries.
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March 22, 2019, 10:19:27 PM
 #435

I think this will be very difficult to come to reality. Countries of the world having their own crypto will be like changing the current world order and financial system that has been established for more than five centuries, I think this won't be an easy task.

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March 22, 2019, 10:39:24 PM
 #436

if every country has its own digital currency then it will grow a system that is so extraordinary. that means there will be many countries that have good support for digital currencies. I am sure that someday more countries will have digital currencies. in calculations that digital currency is something that is needed in the future, there will be a change of time and we must be a part of it.
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March 22, 2019, 10:43:34 PM
 #437

The event that will occur if each country has its own crypto, there will be no competition between countries because all countries can already be independent in terms of the economy so that there are no more countries that need assistance from other countries.
all countries that have their own crypto do not necessarily become independent. that's just a form of changing money used, from fiat to crypto digital. it makes the transaction more attractive. and maybe transactions between currencies of different countries can be done quickly.
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March 22, 2019, 10:57:43 PM
 #438

I do want every country to at least accept the idea of using cryptocurrency legally. But not in the way that each country will make its own crpyto for this sake.
I agree on this one. I think there is more than enough cryptos out there to make this idea happen.
A lot of tokenization platform and that will help these countries to do that, this idea can happen easily as long as there was a lot of interest by those countries to issuing their cryptocurrency, Basically, that helps crypto a lot to get more demand.

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March 22, 2019, 11:59:07 PM
Last edit: March 23, 2019, 01:57:16 AM by kickdapa
 #439

This is not possible mate. Many countries are banned and announced cryptocurrency illegal, crypto is a volatile digital currency, So I don't think any country would create a volatile currency because that can affect the governments! Cryptocurrency is not accepted by the SEC, even if it goes under regulation, Countries will not create their own currency, maybe they will accept bitcoin or other currency widely!

Dacosta Osei-Tutu
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March 23, 2019, 12:33:36 AM
 #440

It would be very interesting and also increase the real world adoption but I don't think the governments will support this idea.
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