amorfuse (OP)
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November 06, 2018, 10:06:05 PM |
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In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.
How much can this contradict the very idea of Bitcoin as a free, decentralized system?
Need cryptocurrency state control?
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Marcel555
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November 06, 2018, 10:18:29 PM |
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I don't see why every country would develop it's own custom cryptocurrency.
The block ledger technology can be adopted and modified to function in various sectors.
And the creation of new cryptocurrencies does not really directly affect bitcoin or it's decentralization. Nor would it give authorities control over the digital currency market.
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Hivalley
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November 06, 2018, 10:25:16 PM |
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In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.
You cannot be sure of this, and there is no fact that points to this, apparently the only country making such claims happen to be China,i do not see the reason why countries would create it's own cryptocurrency,when they can manipulate their very own fiat currencies.. How much can this contradict the very idea of Bitcoin as a free, decentralized system?
Even if such creations happen to come into effect,they will just be creating some other Altcoins/shitcoins and it has absolutely nothing whatsoever to do with the bitcoin,how it works or it's nature.. We already have over 2000 Altcoins,they will just be additions to those numbers |
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Initscri
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November 06, 2018, 10:25:25 PM |
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I don't see why every country would develop it's own custom cryptocurrency.
The block ledger technology can be adopted and modified to function in various sectors.
And the creation of new cryptocurrencies does not really directly affect bitcoin or it's decentralization. Nor would it give authorities control over the digital currency market.
I mean to be completely fair, we have seen certain countries attempt to implement some form of cryptocurrency. Realistically, Bitcoin & other cryptocurrencies are going to be financially difficult to control. It really comes down to the countries opposition to the currency in general, the risk they feel by the currency (if any) & how much they are willing to spend to enforce such control. |
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amorfuse (OP)
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November 06, 2018, 10:38:21 PM |
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You cannot be sure of this, and there is no fact that points to this, apparently the only country making such claims happen to be China,i do not see the reason why countries would create it's own cryptocurrency,when they can manipulate their very own fiat currencies..
If you search in the press, at least more than ten countries stated this. Therefore, all this is only a matter of the future. Even if such creations happen to come into effect,they will just be creating some other Altcoins/shitcoins and it has absolutely nothing whatsoever to do with the bitcoin,how it works or it's nature..
We already have over 2000 Altcoins,they will just be additions to those numbers
national crypto currency is a secure national currency - this is not some shitcoins  |
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amorfuse (OP)
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November 06, 2018, 10:40:27 PM |
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I don't see why every country would develop it's own custom cryptocurrency.
The block ledger technology can be adopted and modified to function in various sectors.
Because any state is not interested in mechanics, which cannot be controlled and regulated. |
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Initscri
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November 06, 2018, 10:40:42 PM |
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In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.
You cannot be sure of this, and there is no fact that points to this, apparently the only country making such claims happen to be China,i do not see the reason why countries would create it's own cryptocurrency,when they can manipulate their very own fiat currencies.. Technological hype perhaps? Realistically, the primary benefit to a country creating a crypto themselves is the hype/press that they are joining the technical revolution of cryptocurrencies. Only problem is, I feel like due to the nature of the cryptocurrency market, where-as fiat is considered safe because it's backed by a country, I also feel as if the distrust in the market would have the opposite effect for a cryptocurrency established by a country. The reason cryptocurrency became so popular was that it was more or less out of countries full control. |
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palle11
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November 06, 2018, 10:58:48 PM |
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How much can this contradict the very idea of Bitcoin as a free, decentralized system?
I don't see that affecting bitcoin in any way. It will still maintain its purpose because everybody knows it is anonymous. So, it is going to operate like that while crypto that is country base, will remain centralized and operate like fiat. |
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sunsilk
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November 06, 2018, 11:27:48 PM |
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There's no need to worry about it, two currencies can still operate whether its provided by the government and the other one is bitcoin. As you said, it's free so that makes everyone able to use it whether the government is providing their own currency.
What will happen if cryptocurrencies will have its own state of control? then it will have something that controls above so that sounds centralizing and that really contradicts to bitcoin as decentralized.
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hadveach
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November 06, 2018, 11:32:55 PM |
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Cryptocurrencies are decentralized, and cannot be controlled, but regulations made by countries or the world can regulate the stability of crypto development.
yes, bitcoin and crypto need regulation to control security, transactions, and every crypto growth.
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triciaa478
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November 06, 2018, 11:34:50 PM |
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If all countries will have it own crytptocurrency cloned from the ideas of bitcoins then bitcoins decentralization aim will be adopted by each of the countries that will create it own crypto. Though the national authority will control it but the decentralize nature of each country currency won't be lost.
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javadsalehi
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November 06, 2018, 11:40:28 PM |
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Cryptocurrencies must be decentralized. Their supply must be limited and they don't a third party. Otherwise I don't call the currency a cryptocurrency. But It is something governments will likely prefer over real cryptocurrencies like bitcoin. I think it's better than the papers called money. If such a currency is created and replace fiat money, some organization will be needed for controlling the supply, identity of the people and crimes.
So, a real cryptocurrency needs no third party, but this fake cryptocurrency will need it.
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RodeoX
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The revolution will be monetized!
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November 06, 2018, 11:50:17 PM |
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A state that wants to create an open source, de-centralized network may work. It must have no ability to manipulate the distribution, supply, or valuation. I don't know how you would pay for this unless you copied bitcoin's competitive math for money idea and issue a reward for discovered blocks. So if Iceland made a currency like this it may gain a legitimate value.
However, it is really just copy of bitcoin that only works in Iceland. It would be better to fully use bitcoin's potential and adopt it globally as an accepted form of money. Cut out the banks, the governments, the advertisers. You don't need them to engage in most transactions. And in the end that would not only be good for consumers, but for banks and governments.
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gesdan
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November 07, 2018, 12:12:28 AM |
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it will be good when there are many countries that have their own cryptocurrency, but we should know that not all people that believe and accept bitcoin as the legal currency, so I think the government need to control it with their policy
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silent17
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November 07, 2018, 01:13:03 AM |
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In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.
You cannot be sure of this, and there is no fact that points to this, apparently the only country making such claims happen to be China,i do not see the reason why countries would create it's own cryptocurrency,when they can manipulate their very own fiat currencies.. How much can this contradict the very idea of Bitcoin as a free, decentralized system?
Even if such creations happen to come into effect,they will just be creating some other Altcoins/shitcoins and it has absolutely nothing whatsoever to do with the bitcoin,how it works or it's nature.. We already have over 2000 Altcoins,they will just be additions to those numbers That is true, altcoin is just another currency and Bitcoin is still bitcoin, even though we have a lot of altcoin most of them are just shitcoins, and I think if country will create more, then it will be an additional shitcoin. |
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BuyBuyBitcoin
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Get Maximalist or Get Wrecked
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November 07, 2018, 01:23:12 AM |
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In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.
How much can this contradict the very idea of Bitcoin as a free, decentralized system?
Need cryptocurrency state control?
So? Bitcoin is still Bitcoin. Anyone can create an Altcoin. People trusting it and valuing it isn't something governments can just force. Ask Maduro. |
Avoiding ICO's and Shitcoins | Finding where people can Buy Bitcoin Around the World. |
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ShowOff
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November 07, 2018, 02:06:12 AM |
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In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.
How much can this contradict the very idea of Bitcoin as a free, decentralized system?
Need cryptocurrency state control?
I think it wouldn't really affect bitcoin's consistency because it will still be altcoins. And in crypto, bitcoin is main thing from all of that and we know market will focus too on bitcoin and not on other currency. |
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hugeblack
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Buy/Sell crypto at BestChange
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November 07, 2018, 03:59:46 AM |
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In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.
This belief is wrong, there is no reason for governments to do that and cryptocurrencies are not the solution to all the world's financial problems. The current financial systems and cryptos are separate systems and for all the advantages and disadvantages, so people and companies will be driven to accept it, not governments. The concept of cryptocurrencies is based on peer-to-peer interaction, a concept quite different from that of a "trusted third party" government. |
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pooya87
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November 07, 2018, 04:02:50 AM |
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why do you think that can even contradict bitcoin?!!! to be honest your question doesn't make any sense at all. you can go and take a look at thousands of altcoins that existed in the past 10 years, many of them have been centralized, some good, some shit,... and none of them ever "contradicted" bitcoin because they have nothing to do with bitcoin. they are "ALT"coins and no matter how many of them exist and how they are, bitcoin is still bitcoin.
a government created coin is not much different from these altcoins.
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cellard
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November 07, 2018, 04:12:06 AM
Last edit: November 07, 2018, 04:24:27 AM by cellard |
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The up and coming destruction of physical cash and introduction of closed source government issued cryptocurrency will be the perfect catalyst for bitcoin, as it will make a strong case in why it has value, hopefully it will become increasingly obvious for the average joe.
Banning of physical cash will be great news since people will be forced to get into crypto and bitcoin has #1 security.
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