France to launch their own cryptocurrency

[hulla]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

actually there is nothing new in this kind of changing sides.

like china's stand in past and now they are standing towards this,and many more that i already forgot.

what is important with this action is the adoption they are doing that will bring positive to crypto world.specially in EU part that we knew is starting their way towards crypto.

It will not bring anything positive to Bitcoin. France will only be developing a type digital fiat with a centralized ledger.

Yes, the France government will create a centralized coin backed with fiat but the creation of their national digital currency will precisely bring something positive to the bitcoin market if we look at the bright side because the reason why others cryptocurrency are created is because of Bitcoin inspiration and I'm sure people from France and from the rest of the world will want to know more about the coin that inspired the France governments.

[Wind_FURY]

From that statement, then France truly has understood the "essence of cryptocurrencies"? Please answer, what is the "essence of cryptocurrencies"?

I just said it. It’s a digital currency . Tell me what bitcoin solved when utilizing digital currencies? What does other “virtual currency” that bitcoin has? Why did suddenly banks thought that it’s possible to do digital cash now and possibly create their own?

That's the answer? Then I believe you too didn't get the whole "essence" of Bitcoin. No offense intended.

I didn't say something was wrong. PayPal wants to improve the financial system too, I don't hate PayPal.

So you hate central banks then?

I like Bitcoin better.

[stompix]

That's the answer? Then I believe you too didn't get the whole "essence" of Bitcoin. No offense intended.

Let me join the elite club of people who actually read what people are posting here....and are truly amazed at what they do read!!!
So, we have

I just said it. It’s a digital currency . T

No, it's not a digital currency is a digital asset, big difference.
Fiat also takes the form of digital currency when you use your credit card but this thing is not a currency. And that's not just me saying is the BiS definition.

Tell me what bitcoin solved when utilizing digital currencies?

How is bitcoin "using" a virtual currency?

What does other “virtual currency” that bitcoin has?

Hmm, this is a deep one. What is snow but it's not rain?

[tsaroz]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

They would not want to be left behind as countries move towards a crypto future. France has always been among the first to embrace change. Though they may not be the first to start it or the one to do the best, they have been consistent with their desire to create a modern and free soceity.

[S4VV4S]

They would not want to be left behind as countries move towards a crypto future. France has always been among the first to embrace change. Though they may not be the first to start it or the one to do the best, they have been consistent with their desire to create a modern and free soceity.

Of course they don't want to be left behind, Because there are many developed countries that will make their own crypto and that is a progress in the world of crypto. We will see later that many countries will make their own Crypto, I believe that will happen.

[Wind_FURY]

That's the answer? Then I believe you too didn't get the whole "essence" of Bitcoin. No offense intended.

Let me join the elite club of people who actually read what people are posting here....and are truly amazed at what they do read!!!
So, we have

I just said it. It’s a digital currency . T

No, it's not a digital currency is a digital asset, big difference.
Fiat also takes the form of digital currency when you use your credit card but this thing is not a currency. And that's not just me saying is the BiS definition.

Tell me what bitcoin solved when utilizing digital currencies?

How is bitcoin "using" a virtual currency?

What does other “virtual currency” that bitcoin has?

Hmm, this is a deep one. What is snow but it's not rain?

To put some context, the debate started because of this post, https://bitcointalk.org/index.php?topic=5208076.msg53299229#msg53299229

I hope everyone reads and actually learns the difference of Bitcoin and central bank issued digital currencies. Many many of the posts in the topic are showing lack of basic understanding.

[Shasha80]

I am among those who were surprised to see the movement of the france government so quickly in adopting cryptocurrency. But this is
positive news for the cryptocurrency community, France is a large country that can have an influence on other european countries to
adopting cryptocurrency. Making their own coins is a good step that France has taken to play a role in lifting cryptocurrency name in the
eyes of the world. Now cryptocurrency will be more famous than ever before, I'm not surprised by france taking This decision. Because
France sees the future of cryptocurrency as very good, so France does not want to be left behind by developments cryptocurrency. So they
make their own cryptocurrency coins, like China.

[AjithBtc]

Quite a positive thing for the adoption and increase in the real-time usage of cryptocurrency on the global arena. Already there were more countries that has taken cryptocurrency into consideration for usage, now it is happening with france. The surprise is the educating students about cryptocurrency which will enrich the usage for the future and help with continued growth than getting stopped within few generations.

[clickerz]

The way things are going, I will not be surprised to see the whole global economy digitalized in the next one to two decades.

True, glad to hear that each country is progressing and launching its own cryptocurrency. Venezuela has Petrol, China is announcing its own crypto also and expecting more to follow.The future looks bright in cryptocurrency and blockchain technology.

[crwth]

That's the answer? Then I believe you too didn't get the whole "essence" of Bitcoin. No offense intended.

We all have different views on what it is. I understand. No offense is taken. It's just that "essence" for me is that it's a digital currency. I'm just waiting for your answer to that.

I like Bitcoin better.

We could totally agree with that. 

No, it's not a digital currency is a digital asset, big difference.

Hmm. We see it in a different way. It's okay. Digital Currency is money in the digital form right? That is used for the transaction. An asset could be considered as something of value that could add more value in the future. So we could agree that it's both a digital currency and a digital asset. Alright?

Fiat also takes the form of digital currency when you use your credit card but this thing is not a currency. And that's not just me saying is the BiS definition.

Understood. It's a bunch of numbers on a computer.

What does other “virtual currency” that bitcoin has?

Hmm, this is a deep one. What is snow but it's not rain?

I'm basing this on how Bitcoin was created. The solution to solving the double-spending issue. Resulting in the blockchain technology. That's what other virtual currency doesn't have (before). Now that there are central banks who want to use that kind of technology to create their own.

[stompix]

No, it's not a digital currency is a digital asset, big difference.

Hmm. We see it in a different way. It's okay. Digital Currency is money in the digital form right? That is used for the transaction. An asset could be considered as something of value that could add more value in the future. So we could agree that it's both a digital currency and a digital asset. Alright?

Bro, how about we listen to what the guy said?
https://www.bis.org/review/r191204f.htm

Additional skills will be recruited to strengthen its expertise, and, with the help of our Lab, the DIIP will work with industry innovators from the private sector: we want to start running experiments rapidly and will launch a call for projects before the end of the first quarter of 2020. We are particularly keen to take part in experiments to integrate a "wholesale" CBDC into innovative procedures for exchanging and settling tokenised financial assets.

And no, we can't agree that digital currency is a digital asset when they are different things.
Not all assets are currencies!

I'm basing this on how Bitcoin was created. The solution to solving the double-spending issue. Resulting in the blockchain technology. That's what other virtual currency doesn't have (before). Now that there are central banks who want to use that kind of technology to create their own.

Bitcoin wasn't created to solve a problem that is found in it!
And double spending can be easily solved without the blockchain.
Furthermore, bitcoin is not safe from double spending attacks:
https://bitcointalk.org/index.php?topic=327767.40.

Banks don't care, as long as it's a centralized system they can revert transactions anytime they want, that's how refunds have been working for half a century.


LE: fixed quotes

[tungaqhd]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

Venezuela launched their own cryptocurrency call Petro time ago and i heard that many big countries are planning to do the same. The governments are more open with cryptocurrencies now and i think this is a good signal.

[Eugenar]

There are more and more countries launching their own cryptocurrency at this time. I think this is an indication that the world is now open for innovation to financial currency, and the result of this might be good because cryptocurrency could unify people around the world. If we are to help people adopt bitcoin and cryptocurrency, or have their own cryptocurrency, it will be easy for the to know bitcoin and altcoins. In this case, people could transact anywhere in the world in which for me is a sign of massive world development.

[cotton ball]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

Trusted source link for believing with France want to launch their own cryptocurrency, we got positive side before when France have allowed blockchain become their syllabus in senior high school for giving their student take benefit by digital currency payment like bitcoin, not France try to adopt and create their own coin give chance for their people investing and make digital as currency payment at the future.

[crwth]

Bro, how about we listen to what the guy said?
https://www.bis.org/review/r191204f.htm

Thank you for this. It's an informative read that gave me more information about the upcoming CBDC plans and what it could offer for consumers and private entities as well. With the wholesale and retail type of currency. I may have gotten out of topic thinking that I know what I'm talking about. Anyways, we still have to wait on the "positive externalities" and the "potentially negative externalities" with having CBDC.

Banks don't care, as long as it's a centralized system they can revert transactions anytime they want, that's how refunds have been working for half a century.

I have never thought about it that way. That's the advantage of that centralized system.

[plvbob0070]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

Yes because of influence of Bitcoins many country and companies take a chance to experience its beauty. All in all Bitcoins and other crypto currency is good for the economy why they decline to do that. Just relax and in the future crypto currency will be more accessible to the public.

[coin-investor]

well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year

Venezuela launched their own cryptocurrency call Petro time ago and i heard that many big countries are planning to do the same. The governments are more open with cryptocurrencies now and i think this is a good signal.

So far it is not yet in the Coinmarketcap, it will be very interesting if we are going to have one coin creating by one country that makes it in the market list like Coingecko and Coinmarketcap, and many countries will follow if these coins make it at least in the top 50 if this happens expect more countries will follow and this could become a new trend.

[Wind_FURY]

That's the answer? Then I believe you too didn't get the whole "essence" of Bitcoin. No offense intended.

We all have different views on what it is. I understand. No offense is taken. It's just that "essence" for me is that it's a digital currency. I'm just waiting for your answer to that.

It was not a debate. I was merely pointing out that you need to do your research and learn about the basics of Bitcoin. Start your path in topics about Bitcoin's value proposition/decentralization/censorship-resistance, and mining/POW-rewards/fees, and how they relate to the incentive-structure.

Learn that, then prepare to laugh at France's "cryptocurrency".

[Free1bitco.in]

I think something like this will always happen. starting from China, Facebook, Google, Twitter, etc., they again received crypto and began to develop, and take advantage of it. Even Germany has also accepted bitcoin. Yeah, but this is one of the pretty good news. Before entering 2020, I thought France would support crypto and I hope this will make the price of bitcoin. besides, it seems like other countries are also preparing for this.

[BitcoinsGreat]

The way things are going, I will not be surprised to see the whole global economy digitalized in the next one to two decades.

Yes, but i do not like the idea of every country making its own cryptocurrency. Just that we have local fiat for every country do we really needed to make replica of it by making a separate coin for every country. Why can't we have a one world currency bitcoin which is free from inflation and everyone trust it.