What do you think about crypto currency issued by the government?

[hahay]

if it happens, the existence of BTC will be truly threatened, because support from the government will never betray the Japanese population, so that the security and progress of the country that officially releases cryptocurrency and is centralized by the state, may last longer and can be used commercially
the government must always think about the economic stability of the country, so that community service and also the small risk will be preferred in every decision

I don't think so, because the cryptocurrency they released will definitely involve bitcoin in exchange, so I'm sure that will make bitcoin better. But if they don't involve bitcoin in exchange, then I'm afraid the cryptocurrency they release will not be able to grow like Bitcoin.

[1715068976]

1715068976

[1715068976]

1715068976

[1715068976]

1715068976

[1715068976]

1715068976

[1715068976]

1715068976

[1715068976]

1715068976

[Frobeek]

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 central banks creating their own cryptocurrency, its must be different with their own fiat currency. Cryptocurrency should be decentralized and central banks always want to print money from thin air. But if central banks decide to release their decentralized cryptocurrency, i think that will be good for market

Of course that will be good but you cannot call that a decentralized one because that would be under the control of the government and government might any time imposes any kind of policy that the holder might not like.

[jeromix]

A cryptocurrency run by the government is a contradiction in terms and a foolish idea: the bitcoin was born precisely to free itself from the power of states and banks; giving it back means to commit a big stupidity.

I do not see a problem with a government to issue a cryptocurrency and to apply it in their own for good to showcase transparency and limit corruption in their system. If it is being introduce also to all investors around the world then same as other crypto will going to happen. The crypto will be listed in an exchange and it will be used to utilize in every government departments in doing payments.

[ecnalubma]

In my opinion it will be best if the the government issue crypto they should apply it to monitor government funds on how they spend people’s taxes. You know government has a lot of dishonest practices instead of replacing fiat to crypto why not make people taxes transparent on how they spend and allocate those budgets it will make sense for sure.

[imToken]

At present, the government will not issue its own coins, but the government is paying close attention to the cryptocurrency market. In the future, they may issue their own cryptocurrency at the same time. This is very good for the cryptocurrency market. At that time, Bitcoin will once again be take off.

[Ozero]

It will actually be the same national money, only in the digital shell. Since centralized cryptocurrencies of states will still be considered cryptocurrencies, they will attract the attention of people and the popularity of all cryptocurrencies will increase. People will see that even the states issue their coins and the credibility of the decentralized cryptocurrency will increase. Therefore, I have a positive attitude to the centralized cryptocurrency of states.

[Rooster101]

Crypto released by the government is the instrument of control. I do not like that idea.

And I doubt if the future of government-issued virtualcoin will become successful because of what happen to Venezuela owned cryptocurrency. To become successful, the future government-owned cryptocurrency should have a big support from crypto investors and people. But since most of the cryptocommunity don't like theidea of cebtralized virtual currency, it may not get a sufficient supports.

[Argoo]

A cryptocurrency run by the government is a contradiction in terms and a foolish idea: the bitcoin was born precisely to free itself from the power of states and banks; giving it back means to commit a big stupidity.

Governments will not ask us for opinions. They will issue their own centralized cryptocurrency, which will actually be the national digital money. I take this intention quite positively. Such a cryptocurrency will cause an additional interest in all cryptocurrencies and will strengthen their intention in that this is not a fraud. Yes, and look at the circulation of such cryptocurrency would be interesting.

[Harkorede]

This is very good for the cryptocurrency market. At that time, Bitcoin will once again be take off.

Then what was the purpose of Bitcoin at the first instance, It was introduced to curb centralization and explicit control of the government over native currency, Any cryptocurrency introduced by the government will about nothing but complete centralization as the name implies to Govern "Conduct the policy, actions, and affairs of (a state, organization, or people) with authority." Why would anyone want this ?

[KesoNie]

This is very good for the cryptocurrency market. At that time, Bitcoin will once again be take off.

Then what was the purpose of Bitcoin at the first instance, It was introduced to curb centralization and explicit control of the government over native currency, Any cryptocurrency introduced by the government will about nothing but complete centralization as the name implies to Govern "Conduct the policy, actions, and affairs of (a state, organization, or people) with authority." Why would anyone want this ?

I think it will never be a good idea because surely government are only the one that get more benefited and surely they will conduct policy which is also not good idea. So that's why crypto is decentralized which is good because government is not allowed to conduct policy to it. So I think many people will be glad because they get the benefit through it that what they deserve.

[Kang Bahar]

If a cryptocurrency created by the government, it is not decentralized cryptocurrency anymore, not a revolution of the currency and not the future for the digital currency.
Because they want to control cryptocurrency with the banking system, all transactions will always be monitored by the government, and we as crypto holder will be imposed the tax.

[[btc]YSG]

This statement quoted here explains it all "Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." -- Satoshi

[awik p]

This is very good for the cryptocurrency market. At that time, Bitcoin will once again be take off.

Then what was the purpose of Bitcoin at the first instance, It was introduced to curb centralization and explicit control of the government over native currency, Any cryptocurrency introduced by the government will about nothing but complete centralization as the name implies to Govern "Conduct the policy, actions, and affairs of (a state, organization, or people) with authority." Why would anyone want this ?

I think it will never be a good idea because surely government are only the one that get more benefited and surely they will conduct policy which is also not good idea. So that's why crypto is decentralized which is good because government is not allowed to conduct policy to it. So I think many people will be glad because they get the benefit through it that what they deserve.

I think if indeed it will damage the essence of bitcoin, which is an option of a centralized system that has a weakness, Bitcoin is present by offering a decentralized system, which has an advantage for the development of the world's needs. therefore I think it is not suitable if the existing system will be returned to its origin

[wahyu wida]

If a cryptocurrency created by the government, it is not decentralized cryptocurrency anymore, not a revolution of the currency and not the future for the digital currency.
Because they want to control cryptocurrency with the banking system, all transactions will always be monitored by the government, and we as crypto holder will be imposed the tax.

of course from that the government still wants to be in control. I think it is the same as the country's fiat currency, but it is only realized in digital form. and I think that is different from crypto essence

[Artemis3]

It is very unlikely that a government would create a decentralized cryptocurrency like Bitcoin, and people would not trust it anyway. One of the main points of Bitcoin is precisely to separate coin from state, to quote Antopoulos:

Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted. -- Andreas Antonopoulos

If the government is unable to control it, then they might as well adopt Bitcoin or legalize it. Now that would be progress. Odd that Japan retracted from treating it like a coin and think of treating it as an asset.

But anyway I don't think any government issued crypto currency has a future, unless its truly decentralized like Bitcoin is. But then why bother making "yet another altcoin"? Marketing? "national pride"?...

[SteveStake]

I think this is better than our current system but in ways defeats the purpose of what a cryptocurrency is supposed to represent.

[Lumi3004]

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 there is a country that thinks like that, a country or a bank wants to develop its own meta crypto money is better and better, I am sure that many investors or traders who glance and are interested in the currency are more guaranteed in terms of security, this is a very positive step Cryptocurrency in the country.

[Naida_BR]

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?

Cryptocurrencies are all about decentralization. If the government issued crypto will have this feature then I totally agree with such a cryptocurrency. I am in favor of a little "control" in the cryptos in order to avoid scams but not in a high volume because then the system will not be decentralized.

[chenille]

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?

Cryptocurrencies are all about decentralization. If the government issued crypto will have this feature then I totally agree with such a cryptocurrency. I am in favor of a little "control" in the cryptos in order to avoid scams but not in a high volume because then the system will not be decentralized.

But the question will be, why should a country release a national cryptocurrency? Most national currencies are launched in corrupt or bankrupt countries. Decetralisation will be very difficult to ensure because it's already limited to the country.
In addition, one of the biggest features resulting of decetralisation is being global. Like BTC is not restricted to a country, BTC can be used everywhere worldwide. National cryptocurrencies will have always disadvantages in my opinion.

[Pab]

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?

Some central banks are thinking about it
It is good idea because it will lower trade costs and trade will be faster and much more transparent
Interesting will be to see digital Yuan .China has that project under development
Even it will be only gov currency anyway it can be also used on crypto market in some cases
For example to buy licensed ico
As usual in any case of digital innovation it will start from Asia countries
It can benefit trading between Asia countries than
I know euro area is not even thinking about it and it will not change anytime soon