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Author Topic: What do you think about crypto currency issued by the government?  (Read 3004 times)
Dodoymabs
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November 03, 2018, 10:53:09 PM
 #101

Obviously, we won't have the chance to enjoy the benefits and also all our assets could be in danger. They can probably make some manipulation which could end our assets to zero.
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November 04, 2018, 03:23:54 AM
 #102

Those are not real crypto-currencies. Those are just digital versions of the fiat currency, similar to Paypal or Skrill. A crypto-currency should be decentralized. It can't be issued by any central bank.

i am agree with your statement. If crypto issued by central banks or government, i am believe its not different with fiat money but in digital form. They still control the supply and the price to maintain their money supply in market
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November 05, 2018, 09:29:19 AM
 #103

I think these kinds of crypto currency, the ones that are made by the government, will be alot more stable than the ones we have now because for one thing, this crypto currency will definitely be backed by the country's GDP and maybe precious metals and gems. This in turn will have a more stable price plus the blockchain it will create.
Yeah I also think the same. Atleast people of that country will surely invest in government’s crypto. It will be more reliable and authentic. People will have no fear of losing their money because of scams. They will be mentally relaxed and satisfied if they have their own cryptocurrency which is also usable throughout the country. Money will also remain in the country.
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November 05, 2018, 11:17:00 AM
 #104

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?

If ever the governments will issued a cryptocurrency of their own I think it will be hit for a reason that many people are still a believer of their own government however I don't see it as a totally positive thing because I think the government only wanted to control the cryptocurrency such as maybe put a tax into it. Well we can't really say something.

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November 05, 2018, 12:08:48 PM
 #105

they make crypto currencies themselves because they want to have control over their currencies. this is contrary to decentralized crypto currencies. although I think they will have difficulties regarding the anonymity of their users.

I agree. They tend to create their own because of the wants of them. Wanting to be number one and on top. Maybe it is a goox indication that they are loving the use of cryptocurrency but not really a good idea in creating their own. There will a adjustments thay may happen.
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November 05, 2018, 12:34:33 PM
 #106

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?
It is a very bad money. It will be like the ETF fund and there is no growth for us. because the government is not a business enterprise. So this is a meaningless money for me.

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November 05, 2018, 01:02:18 PM
 #107

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?
It is a very bad money. It will be like the ETF fund and there is no growth for us. because the government is not a business enterprise. So this is a meaningless money for me.
I think cryptocurrency will never be grow higher because they will control it and also they will put on tax to it. Also if cryptocurrency issued by government surely most of crypto are bought by them. And I think its not good idea its better if cryptocurrency is decentralized even its goes up and down its value but atleast you can encounter a higher value possible that you can get.

 
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November 05, 2018, 01:39:22 PM
 #108

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?

Then that will be the first crypto that people in that place will look into since it is provided by Government it will likely be safe to use.
Yes, it can be a major solution for those who want to get full security and control from the government, I don't think it's the best of decentralized cryptocurrency, what we think is that the public interest in centralized crypto will be swollen because now? this is not a guarantee of good security, here we still have security depending on the personality of how to maintain security, I am not too fond of being centralized after feeling the benefits of decentralization.
I think that is possible and that is the thinking of the people towards the government because they have seen that it always have an exchange for the improvement and aside from that it alwats depends of what they aim for. It should always have a win-win situation to happen.
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November 05, 2018, 01:58:15 PM
 #109

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?


For me, the government has the reason why they want to have their own cyrpto so that people who are interested in digital currency would invest on it, no hesitation and more secure.

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November 05, 2018, 02:31:22 PM
 #110

the government might know the advantages of the existence of bitcoin and bitcoin technology called blockchain because we know in the world of governance there are many cases of corruption and money laundering whereas when you use cryptocurrency it will be very difficult to do money laundering and corruption so that the government does not want to approve and use cryptocurrency.
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November 05, 2018, 03:11:34 PM
 #111

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?
It is a very bad money. It will be like the ETF fund and there is no growth for us. because the government is not a business enterprise. So this is a meaningless money for me.
The growth can always be questionable as we knew how government works, they always wants to make sure that they've got a fully control over this matters, crypto that will be issued by the government will be use same a like with a current fiat that they've have the essence of being crypto or being
decentralized will be surely forgotten by this government that will create their own coin.
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November 05, 2018, 09:13:16 PM
 #112

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?
Honestly, I have not heard any facts that a bank will issue its own token, and this is all just at the level of conversations and rumors. I believe that at the moment it makes no sense for them to do this, because in this way they will be competing with fiat money.

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November 05, 2018, 10:31:07 PM
 #113

It is a good sign, if governments want to do something about cryptocurrencies, and it is not about bann, destroy, … it. Looking forward to see national cryptocurrencies, even if I am not sure if they are realy needed.

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November 05, 2018, 11:40:10 PM
 #114

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?
Honestly, I have not heard any facts that a bank will issue its own token, and this is all just at the level of conversations and rumors. I believe that at the moment it makes no sense for them to do this, because in this way they will be competing with fiat money.

I agree.I don't think that they will create their own cryptocurrency just to have another payment option.The people might be confused already promoting two currencies at the same time.But if blockchain technology will attract a mass adoption,then they will be force to create their own which is still controlled by the government.

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November 06, 2018, 12:06:30 AM
 #115

Those are not real crypto-currencies. Those are just digital versions of the fiat currency, similar to Paypal or Skrill. A crypto-currency should be decentralized. It can't be issued by any central bank.

i am agree with your statement. If crypto issued by central banks or government, i am believe its not different with fiat money but in digital form. They still control the supply and the price to maintain their money supply in market
The government or the central bank will not be able to officially issued other currencies other than fiat. especially cryptocurrency is decentralized. certainly outside the government system. other than that the rules in the government are also not allowed to make 2 currencies in 1 country
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November 06, 2018, 12:28:20 AM
 #116

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?

the price is stable, because it gets support from FIAT currencies, banks and the government, it is likely to be used as a daily transaction tool for Japanese citizens. And it looks like they will make the hybrid cryptocurrency between centralized and decentralized, we can track all existing transactions on the blockchain, but the government participates in controlling prices to remain stable and allows it to be used as a daily transaction by coffee and fruit juice stores

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November 06, 2018, 03:53:24 AM
 #117

I guess thwy would be stable in a snap of a finger if the crypto currency made by central banks woupd be backed up by the bank's assets. I mean if it does happen thenaybe we will see a crypto currency that woyld be adopted in record time. I don't care who it will come from, be it satoshi or a central bank, so long as it happens.

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November 06, 2018, 07:29:28 AM
 #118

This is a very good event, from a certain perspective, the government's emphasis on cryptocurrency. The cryptocurrency is very likely to win. This is the help of cryptocurrencies, and more stable coins have emerged to bridge the gap between traditional and cryptocurrencies.

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November 06, 2018, 07:55:13 AM
 #119

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?
if indeed that happens maybe the government will make the economy system that will be more advanced and developed of course, one day all will use a system that develops in line with the times and technology

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November 06, 2018, 09:24:26 AM
 #120

It is said that central banks plan to release their own curypto currency in some countries,for example Japan..
 
How do you think about these crypto?
surely the crypto currency issued by the government certainly has a negative and positive side, maybe the positive security issues and legality are guaranteed to be possible, which makes investors afraid of tax problems, it seems that if it is not detrimental I think it will be fine
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