What is the difference?

[uneng]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

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[Rodeo02]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

Transaction history. You can find transaction history publicly by searching a certain public address. Unlike digital cash that you can only see transactions if the owner of that money show it to you.
If the government adopt that it will help them to monitor every balance enter on that address and they will know how much money in it.

[ajiz138]

If the government uses cryptocurrency as the main transaction, all transactions will be seen by anyone and there will be no transparency. this will be a pro and a prolonged con. Digital money is currently used and provided by banks, held and regulated by the government so that it will have full control. if the government creates a new digital currency based on cryptocurrency it will be distinguished from the Fiat currency in circulation and there will be new regulations related to cryptocurrency currencies.

[Edraket31]

I think they will just adopt it in a way as an alternative crypto payments, as an alternative money, but will not fully adopt it as a the only legal tender, they won't allow this for now that they will make it their own country having a less society unless they have fully understand the concept, the advantage/disadvantage and how people are going to react, but up to this point it is still impossible.

[Getmon]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

The use of blockchain technology makes all the difference. If it is digital cash it really does not differ much from the current use of cards and paypal and other cashless systems. With cryptocurrency, everything will be publicly transparent. Everything is done within the network and every single person can view the transactions within a public ledger. But it could also be made a private ledger if the government prefers.

[Nivia1st]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

yes you're right, crypto issued by the government cannot be said to be crypto. so none of that will help improve the crypto market. but what about the big projects that will be launched in the future. if the government legalizes crypto, this could be a way of mass adoption. crypto is not only used as a means of payment. there is a lot that can be done by this technology and projects that are currently proven. so what is needed is a regulation that legalizes crypto, not the government to replace its currency with crypto.

[crossabdd]

the difference is the power of the system. Blockchain financial system is more powerful than a bank financial system. from blockchain safer security. so basically it doesn't make a new crypto currency. but moved the system and network of digital currencies to crypto. so it's safer. but the real desire in society is about decentralization. so they have full rights to their assets

[TRONTON]

There is no factual difference, the government will only move digital money into the blockchain cryptographic space with a transparent node recording public transactions. Usability will still be as usual, but received official support as a currency.

From there they will adopt many new things, one of which is as a link to how they finally filter the other crypto trade to enter the regulatory gate using the crypto pair provided.

[BlacksmithCorporation]

I think the difference between the two currencies is technological. Centralized cryptocurrencies of governments will use blockchain technology, which will make it more secure, cheaper, but it still has the characteristics of fiat currencies.

[bitcampaign]

if you look at digital money every transaction is not public the same as BANK, so why does the government prohibit Bitcoin and other crypto currencies, because their transactions are recorded publicly so that everyone can see each other's transactions, in fact bitcoin and cryptocurrency can be used at government to eradicate corruption, because their transactions are visible to everyone

[Strongkored]

The difference that I understand between centralized crypto and digital cash is that digital cash is very centralized which is only owned by the developer meaning that the value we have is not a real value different from the crypto even though there are centralized the owners of the crypto have full control because have direct access by having a Private key. The bad thing is that everything is controlled by a particular institution or group such as a developer.

[antsam]

Digital currency is just another form of currency besides coins and paper, the value is the same. So in my opinion it's two different things compared to crypto money. Crypto is better able to break the boundaries that currency cannot penetrate, crypto is simpler and safer in my opinion

[Aabcde]

The government does have a role related to policies in its own country. Which is in the sense that if the cryptocurrency situation is increasingly developing, surely there is no choice for a country to create its own cryptocurrency. This is to avoid being left behind by other countries that have adopted it. Furthermore, digital cash is usually held by private companies that are not under the control of the government, so it's only natural that the government will create a new one whose control is full on them. On the other hand, this does not make any difference, but the government also does not want to be outdone by its own people. If the government cannot accommodate its people and companies can do that, then the power of the government will diminish. So I don't think the government cares about the similarities between digital cash and crypto.

[patz22]

If they will adapt crypto it doesnt mean that they will create their own digital currency. We already have a lot in the sphere so meaning they just need to select which is which but then again it is possible that they will do such move. I am thinking that BTC would be the universal digital currency just in case.

[angrybirdy]

If they will adapt crypto it doesnt mean that they will create their own digital currency. We already have a lot in the sphere so meaning they just need to select which is which but then again it is possible that they will do such move. I am thinking that BTC would be the universal digital currency just in case.

The possibility for it to happen is high, and some country already created their own digital currency.
Those country who's planning to adopt digital currency will most likely create their own digital currency to control and have a benefit for it. They won't use any other existing crypto just to use for their everyday living.

[awik p]

If they will adapt crypto it doesnt mean that they will create their own digital currency. We already have a lot in the sphere so meaning they just need to select which is which but then again it is possible that they will do such move. I am thinking that BTC would be the universal digital currency just in case.

The possibility for it to happen is high, and some country already created their own digital currency.
Those country who's planning to adopt digital currency will most likely create their own digital currency to control and have a benefit for it. They won't use any other existing crypto just to use for their everyday living.

I think the government did it because of the system used. the government seems to be more comfortable with the current system of centralization, which they can control, even though the title is digital currency. different from cryptocurrency, where no one can control it

[gabmen]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

Faster and easier transactions through blockchain, i guess? Though you're not sure that that's how it will be, that governments will force people to use their own crypto. I don't think that'll work. They'll probably set a middle ground for compromise when it comes to decentralization. Of course there would be changes as to how we see crypto now to the time that it's widely accepted.

[asriloni]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

I believe if the real intention from them to create a centralized crypto to take the hype of crypto. As far as I know that some countries have planned to launch the digital cash and not stable crypto that backed by fiat money. if that centralized comes from the regulators and there is not differences caused by both that crypto and digital cash backed by the regulation. '
When it comes to the a traditional centralized crypto that issued by a company like tether and what makes it become different than digital is about the regulation that backed it.
But again, both are still in the same definition as a digital money system.

[Jercyhora2]

There's so many reason why other country want and also don't want crypto currency  to become their fiat currenxy

[danherbias07]

Where do you store digital cash? Banks? They will provide some code or a QR code for you to scan whenever you make a payment.
Same goes with crypto currency. You might be using QR code or a paper wallet.
The difference is where you store it.
You own it. It is yours, it is not in the handle of any institution which they could use for investing. They will just be the one making profit for your saved money.

Another is the we can now see the transaction. Transparency is there. Could be used for anti-money laundering, just in case.

[Murat]

I don't think Cryptocurrency will be legalized very soon with the hand of government because they can handle and regulate the money supply and demand whatever the form of payment, So digital money is not a matter in this system, but when the cryptocurrency has come then the government has raised a question about the regulation and control in this monetary purpose so it's really difficult to approve cryptocurrency from the government end, I think decentralized system is the main point for them on this issue, so the main difference is the decentralization system following my experience so far.

[gensol]

Centralized cryptocurrency owned by and controlled by government will be the same thing as fiat currency because its easily regulated. Unlike decentralisation where volatility plays a major role, with government owned cryptocurrency, its going to be more or less a stable currency.

[Furryball]

Let government create or build coins for each countries but it won't make a difference because they will be centralized coins and tokens which means they will be able to monitor people, well one of the reasons why bitcoin and many dex token make it this far is because people prefer them over centralized projects, they don't want anything to do with the government

[Bim abk]

Centralized cryptocurrency owned by and controlled by government will be the same thing as fiat currency because its easily regulated. Unlike decentralisation where volatility plays a major role, with government owned cryptocurrency, its going to be more or less a stable currency.

certainly not much different because the crypto currency has government control, but if its purpose is used to utilize the technology it might be possible. but I personally better use decentralized crypto because it is not regulated by an institution

[TheClownSong]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

Even though the Government will issue its own cryptocurrency, I think it will still be controlled by the central bank. In my opinion, the state cannot arbitrarily issue money because it will affect the economy as a whole.

[o48o]

The use of blockchain technology makes all the difference. If it is digital cash it really does not differ much from the current use of cards and paypal and other cashless systems. With cryptocurrency, everything will be publicly transparent. Everything is done within the network and every single person can view the transactions within a public ledger. But it could also be made a private ledger if the government prefers.

Naturally they will prefer latter option as they want to be aware who spends what, not the public. If the ledger would be open, they would lose the edge on the surveillance.
It will be horrible for people wanting privacy if the government won't also apply zero knowledge proof for some transactions.

[Jiyens3]

If they will adapt crypto it doesnt mean that they will create their own digital currency. We already have a lot in the sphere so meaning they just need to select which is which but then again it is possible that they will do such move. I am thinking that BTC would be the universal digital currency just in case.

The possibility for it to happen is high, and some country already created their own digital currency.
Those country who's planning to adopt digital currency will most likely create their own digital currency to control and have a benefit for it. They won't use any other existing crypto just to use for their everyday living.

I think the government did it because of the system used. the government seems to be more comfortable with the current system of centralization, which they can control, even though the title is digital currency. different from cryptocurrency, where no one can control it

Different coins from other coins will be very able to lure many people. Because by being a different coin will bring up even more valuable investors. So for different altcoins will be highly supported with such rapid advancements and prosper more than a million investors. Different Litecoin from other altcoins is able to achieve a satisfactory price and ranking. So it was amazing with the presence of the differences.

[inanilujimi]

Centralized crypto money does not make sense to me, because a centralized cryptocurrency means that it can not be owned by just anyone.
So how can the government make it ??
Whereas digital money that has been through qualifications made by banks and the government and circulation only covers the country.

[BlackFor3st]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

If this happens, the government will surely find a way in order to control the monetary movement of their people and in case the crypto currencies will become the main currency in the future then most of the governments will surely create their own coins/tokens in order to achieve their goal.

It is not easy to replace fiat but if in case the future will dictate it, the governments will surely find a way to make the advantage to them while accepting the digital money as the main currency in the future. Control over things especially in money is the main reason why most of the governments will try to create their own digital cash.

[TravelMug]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

If people are going to used centralized or back up crypto by any government, obviously it will be recorded in blockchain and the government can follow or track with every transactions they will do in the future.

That's why crypto enthusiast would rather used bitcoin as it is (pseudo) anonymous and it gives up freedom. Digital Cash though, has been with us for years since the advent of internet. You can purchase everything with your credit cards, while centralized crypto are fairly new.

[mrdeposit]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

If this money is not built on Blockchain, why do we need it? It is not worth spending that much time to change today's money to the unnecessary new system. If so, it must be crypto. So crypto is traceable and a copy of each transaction is stored. Establishing a new decentralized system is unexpected, but at least it would be beneficial for us to use the blockchain.

[Landak]

the difference may be in the history of the transaction, if digital and centralization only the government can see the transaction, whereas for crypto it is certainly visible to the public but if controlled by the government it is likely to be made private and only the government knows.

[Soots]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

I guess it was a shady tactics that might affect a lot on entire cryptocurrency coins. Government has the chance to penetrate the system of digital currency, which I think creating own cryptocurrency will likely suppress the growth of decentralized assets. Centralized crypto, will be used for regulation and escape goat of government authority.

[IadixDev]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

I talked to Someone Who was working on private blockchain for institution like this, i dont really understand the advantage of blockchain when it rely on trusted parties anyway. Maybe it can be an easy way to have a distributed database with cryptography but there are system that are more cost effective for this. Maybe they have their own use case but government are more relying on precise legal code and status and legal identity associated with keys in private consencus protocol, for the archiving aspect of such.

But in any case its a different model than common crypto currencies that you can find on exchanges etc

[duuuuude]

Technologically cryptocurrencies are much better than the notorious electronic money but it is worth remembering that the government is not a white fluffy bunny and the government always needs control over this, few people are currently interested in creating their own state currency, it is simply not interesting to anyone.

[Reid]

We could see that now.
They are creating their own crypto currency which is also equal to how much their currency is.
There is really no difference with that.

They are trying to imply that people are still foolish enough to bite that bait of them. I don't think so.
With the use of internet we could see through them now.
Here you are making the thread. Why? You saw thru them.

[Eternad]

Technologically cryptocurrencies are much better than the notorious electronic money but it is worth remembering that the government is not a white fluffy bunny and the government always needs control over this, few people are currently interested in creating their own state currency, it is simply not interesting to anyone.

Digital currency, as well mobile banking and online transactions are with government consent and they have power over the transactions. Unlike in cryptocurrencies it relies mainly on our transactions. It's just hard to imagined when the time comes that government will have their way to access crypto or have power over it since even it's decentralised they still have say to ban or not allowed their countrymen to use it.

[topbitcoin]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

What people want is we use bitcoin as payment. I not see people discuss about altcoin as payment maybe some of them yes. But there are a lot of project that allow us to deposit with ETH or BTC but still convert it to fiat. Maybe i will have question like you, because what will be different with digital fiat that already be used by people in a lot of countries.

[xiboothrezi]

We all know that cryptocurrency is full of pros and cons. In some cases, it is a little contradictory to the government so that some governments have banned the use of cryptocurrency. Even if the government wants to adopt it by making its own crypto currency, which can be fully managed by the government, it will cause another debate for crypto users, because of the shift to decentralization again, and other factors. Let the two of them, between fiat and cryptocurrency go hand in hand, there is no substitute for each other, but complement each other, to meet the increasingly high needs of modern human life.

[marcous]

Talking about digital or virtual currencies has actually been widely applied in online shopping applications (marketplace), startups and online applications such as transportation. each startup has virtual money worth Fiat. and cryptocurrency is different because it has a fluctuating price and there is no security guaranteed because it is difficult to track. actually the creators of digital currencies are inspired by crypto too I guess only the value and usefulness are different and regulated.

[Eclipse26]

They're kind of the same because both have value and can be used through digital. But they also differ at some point like the use of blockchain technology with cryptocurrency. if ever governments would adopt centralized crypto, I think they'll be more strict and put more regulations with regards to it than digital cash.
Now I'm also getting confused because of the question...

[SummerBliss]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

Digital Cash is somewhat slightly different. First of all it's nothing but merely creating money out of thin air. While cryptocurrencies are generally mined and all of them have a proof of work. This is a requisite of being a cryptocurrency. Moreover there is transparency and anonymity involved in transactions of digital cash. Anyone from any corner of the world can see what transactions are going on in cryptocurrencies just through the explorer but at the same time no one can actually tell who is sending money to whom. So transparency and anonymity are both going hand in hand. It's not merely decentralization that makes a cryptocurrency different.

[coin-investor]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

There should be a model first, a government that actually use Cryptocurrency to replace fiat, but so far we still don't have one, all are just in a planning stage, but if there's one country that successfully implemented this and all the people and it's government benefited, then we will see some countries following the model and how they are implementing it, China now has the best opportunity to do that.

[jacafbiz]

I think what Cryptocurrencies bring with it is transparencies unlike the digital cash. When a Government decide to print money out of thin air, then you will see it on the chain, it is just like someone trying to mine more BTC after the 21 million is now in circulation. Government don't want to lose control so they are not going to go the route of Cryptocurrencies

[nutriagrigia]

for me, it doesn’t matter at all whether the government will accept cryptocurrency or not. I understand that even if this does not happen, cryptocurrency will still be a very powerful tool in the future world. just without the adoption of cryptocurrency at the state level, the price increase will take a little longer, but it will be anyway

[jajorforce]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

You don't need to find different because will not create any cryptocurrency and force people to use it. Government wants to see every transaction and every funds they hold in their wallet. We just want privacy from any person that isn't possible in centralize crypto or digital cash.

[uneng]

Thanks for your replies. By reading your posts I see the pointed differences are:

Transparency (transactions historic)
Anonymity
Autonomy (full control of the money on each person's hands, and not at banks)
Economic sustainability (as there will be a fixed amount of coins in the system, not possible to create money out of thin air)

But remember we are talking about a centralized crypto currency. Being centralized, the government is the one who set the rules. It's not certain it will guarantee transparency, anonymity, autonomy and economic sustainability as the government can modify all these concepts as they are the developers.

There should be a model first, a government that actually use Cryptocurrency to replace fiat, but so far we still don't have one, all are just in a planning stage, but if there's one country that successfully implemented this and all the people and it's government benefited, then we will see some countries following the model and how they are implementing it, China now has the best opportunity to do that.

Yes, there should be a model so we could see how it works on practice.
Maybe facebook currency, libra, will be a good first example to see how a centralized crypto currency works.
It's going to be launched next year.

[bohr]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

There are going to be some differences but none of them are good for us, a cryptocurrency released by a government basically means that you have the combined power of a government and a bank on a single entity, and that should be very scary, they could basically do everything that they want with their money and in the case that you do something that they do not like they could block your wallet from making any transactions, so I will never use a cryptocurrency released by any government.

[Amel]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

Crypto currencies work under blockchain technology while digital currencies (not crypto) do not work with blockchain technology. The important point is the technology and the system, as we know that blockchain is the leading technology now, even many countries want to adopt this technology in various aspects and fields.
So in my opinion that's the difference, you can dig deeper on google about the blockchain.

[TheGreatPython]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

You already said it yourself that the government would prefer to create a Centralized cryptocurrency, so there is no need to ask why they don't want to use the current cryptocurrencies we have now, that's because they are decentralized and are not fit to be used as real currencies for any country. Governments are already looking into cryptocurrency and a lot of them have started creating their own cryptocurrency just like China. There are also banks that have created a prototype cryptocurrency.

As for digital currencies, There is a difference between cryptocurrency and digital cash (it's called digital currency and not cash) and I will advise you to do some research to understand it better.

[livingfree]

They don't have to do that. They might create the same idea as crypto so that people will not look into other crypto's anymore and will start using the invention that they have.

Yes, it's true that there's already a digital cash and it's been existing for so many years in the form of credit cards and other of the same type. Crypto's are decentralized and this doesn't understand by a typical citizen that's why if the gov't intervenes and gets into this idea of creating their own. They have just to attract people to use it without even forcing it.

[letyouearn]

Ordinary digital currency is not the same as cryptocurrency. Crypto is based on blockchain, that's the main feature here. Blockchain is a new technology, which leads to many new possibilities if we talk about currency.

[sapnu]

Ordinary digital currency is not the same as cryptocurrency. Crypto is based on blockchain, that's the main feature here. Blockchain is a new technology, which leads to many new possibilities if we talk about currency.

The difference between fiat and cryptocurrency is big because we can say that cryptocurrency is way more easier than fiat in many terms especially in payment method, we can say that it is way faster and safer than making transaction with fiat because we can say that you only need is the address of that particular shop or person. We can say that the only difference is that the blockchain technology the famous and the efficient and effective they are the more user they get and also support. Because it is their mainstream when they are proposing a project.

[tenakha]

for me, it doesn’t matter at all whether the government will accept cryptocurrency or not. I understand that even if this does not happen, cryptocurrency will still be a very powerful tool in the future world. just without the adoption of cryptocurrency at the state level, the price increase will take a little longer, but it will be anyway

I do not think so. The acceptance of crypto as a illegal by all governments can diminish its power a lot. Look around, the majority is not here because cryptocurrency is the new technology, but here to make easier money.

But, the positive side of this is that if governments have not banned it so far, then they are all aware about power of it.

Ordinary digital currency is not the same as cryptocurrency. Crypto is based on blockchain, that's the main feature here. Blockchain is a new technology, which leads to many new possibilities if we talk about currency.

AFAIK, digital money is broader meaning, so cryptocurrency is like a branch separated from it. Building on a blockchain makes it different, and that means more power and confidence.

[metalglowd]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

I also think that way, maybe because they still cannot give up their rights as a whole if they implement a decentralized system, it is feared that there are certain parties who actually are behind it in secret. of course the government also does not want public data to be known by the public. Till now, no system can be fully trusted to store our data.

[Dart18]

Digital cash is fiat money input online or in a different type of plastic card or maybe a code.
Too far from what crypto currency is right?
When compared with bitcoin it goes even far while with other coins it looks the same.
They have been creating new coins that is almost the same as digital cash and that is why I think you are getting confused about the difference.

[Zemomtum]

There are lot of differences between digital cash and cryptocurrency. One will be central controlled with limited access while crypto related is open to public, transparent and secure

[Lecam]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

If the governments are adopt bitcoin many people can't use bitcoin because there is a lot of people that don't know how to use cellphone or a computer and many are in poor area that have no internet connection. So government can not Force all people to use cryptocurrency. And the different i think cryptocurrency have transaction and no identity you can send it all wallet as you can. But in digital have also transaction but we cannot send at a time.

[bittick]

for me, it doesn’t matter at all whether the government will accept cryptocurrency or not. I understand that even if this does not happen, cryptocurrency will still be a very powerful tool in the future world. just without the adoption of cryptocurrency at the state level, the price increase will take a little longer, but it will be anyway

im not sure if that will happen without the support from the government and regulators. we know that the regulators become the main factor for the adoption of crypto in every countries. look at canagian countries and the adoption is very smooth compared with the countries are banning crypto right now.

[maxreish]

It is still an issue for some government to actually fully allow cryptocurrency. It's not easy and other government thought that cryptocurrency will be a threat to their own currency.

On the other hand, Digital cash vs centralized cryptocurrency were both transacted onlines but still have difference. Cryptocurrency has an encrytion data like transactions and work out in blockchain. If you want to read further how those two were different from each other, you may want to read an explanation about it, here.

[naikturun]

bitcoin is not centralized, the government cannot regulate it unless they have control of the crypto, of course they are worried, which is why the Chinese government makes their own digital currency, apart from bitcoin and they are in full control.

[upyem2k]

I doubt if the government of any country can adopt cryptocurrency as their legal tender in the country. The maximum they can do is to adopt the blockchain technology in solving some paramount problems. Adoption of cryptocurrency will make them lose the power to monitor monetary policies in the country and no country can afford that.

[rahmathidayat93]

I doubt if the government of any country can adopt cryptocurrency as their legal tender in the country. The maximum they can do is to adopt the blockchain technology in solving some paramount problems. Adoption of cryptocurrency will make them lose the power to monitor monetary policies in the country and no country can afford that.

True, every country really needs to monitor their monetary policy, so if you want to adopt cryptocurrency, you have to be able to sort it out, while things to monitor monetary policy are also needed by each country.

[bohr]

for me, it doesn’t matter at all whether the government will accept cryptocurrency or not. I understand that even if this does not happen, cryptocurrency will still be a very powerful tool in the future world. just without the adoption of cryptocurrency at the state level, the price increase will take a little longer, but it will be anyway

im not sure if that will happen without the support from the government and regulators. we know that the regulators become the main factor for the adoption of crypto in every countries. look at canagian countries and the adoption is very smooth compared with the countries are banning crypto right now.

That is just an illusion, it may seem as regulators have the control because people still believe in the government and their fiat currency, but what it is going to happen when that is no longer the case? We see this all the time, there are many countries that after their fiat currencies show how weak they were people began to try to look for all kind of alternatives to protect themselves and when the fiat currency system that we have in place finally falls people are not going to care about regulations anymore.

[zenhu]

I think in any goverment they can't replace fiat money, so difficult to change a national currency to be crypto. There are many program cashless with their own currency in every country. I think they just addopt the technology, remember that high volatile cash in value can't be accepted by people.

[leatutz]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

We know what is the main target of digital cash. Any time and any moment we can make any coin and currency. If government create their own currencies that government can't let this use to free so that anyone can't see. Government can't let this happen in any country.

[Itsmylife]

I think in any goverment they can't replace fiat money, so difficult to change a national currency to be crypto. There are many program cashless with their own currency in every country. I think they just addopt the technology, remember that high volatile cash in value can't be accepted by people.

Cryptocurrencies are created on the principle of decentralization and anonymity, but all governments want to control cryptocurrencies to protect their economies so that they do not now recognize cryptocurrencies. But I think in the future, when blockchain technology is widely used, every community will create a type of cryptocurrency, which they can control, to represent them.

[TheClownSong]

I think in any goverment they can't replace fiat money, so difficult to change a national currency to be crypto. There are many program cashless with their own currency in every country. I think they just addopt the technology, remember that high volatile cash in value can't be accepted by people.

Cryptocurrencies are created on the principle of decentralization and anonymity, but all governments want to control cryptocurrencies to protect their economies so that they do not now recognize cryptocurrencies. But I think in the future, when blockchain technology is widely used, every community will create a type of cryptocurrency, which they can control, to represent them.

In my opinion the government wants to control cryptocurrency because of several factors. One of them is so that cryptocurrency does not interfere with the dominance of fiat money and also to get taxes from cryptocurrency transactions. I think the Government will recognize cryptocurrency sooner or later because technological development cannot be dammed by anyone

[zenhu]

I think in any goverment they can't replace fiat money, so difficult to change a national currency to be crypto. There are many program cashless with their own currency in every country. I think they just addopt the technology, remember that high volatile cash in value can't be accepted by people.

Cryptocurrencies are created on the principle of decentralization and anonymity, but all governments want to control cryptocurrencies to protect their economies so that they do not now recognize cryptocurrencies. But I think in the future, when blockchain technology is widely used, every community will create a type of cryptocurrency, which they can control, to represent them.

Crypto not the solution for them to protect the economies. The goverment have bank to control, protect economy in country. Money still the same for the future with its inflation in every single year, and crypto have highly volatile which is can't be acceptable. They just can using the tech to improve.

[FairUser]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

If they accept the cryptocurrency, then surely they will create a cryptocurrency of their own country. And there they can check the entire trading history of people in their country and to control it easily, I don't expect them to do so because if it comes true then all both current altcoins will die

[Magkirap]

I think in any goverment they can't replace fiat money, so difficult to change a national currency to be crypto. There are many program cashless with their own currency in every country. I think they just addopt the technology, remember that high volatile cash in value can't be accepted by people.

Cryptocurrencies are created on the principle of decentralization and anonymity, but all governments want to control cryptocurrencies to protect their economies so that they do not now recognize cryptocurrencies. But I think in the future, when blockchain technology is widely used, every community will create a type of cryptocurrency, which they can control, to represent them.

I think in the future most of the countries will take advantage of the capabilities of cryptocurrency and blockchain and i think that government will surely not create their own crypto because it is something they can't control, what will happen is countries will be paper less and they will digitalized their currencies and that's all. i think countries will not make their own cryptos for like what the reply said people will not accept a high volatile currency. In my understanding crypto is a decentralized system while digital currency is like a generalized term for currency whether crypto or fiat that is working through digital techs.

[Edraket31]

I think in any goverment they can't replace fiat money, so difficult to change a national currency to be crypto. There are many program cashless with their own currency in every country. I think they just addopt the technology, remember that high volatile cash in value can't be accepted by people.

Cryptocurrencies are created on the principle of decentralization and anonymity, but all governments want to control cryptocurrencies to protect their economies so that they do not now recognize cryptocurrencies. But I think in the future, when blockchain technology is widely used, every community will create a type of cryptocurrency, which they can control, to represent them.

I think in the future most of the countries will take advantage of the capabilities of cryptocurrency and blockchain and i think that government will surely not create their own crypto because it is something they can't control, what will happen is countries will be paper less and they will digitalized their currencies and that's all. i think countries will not make their own cryptos for like what the reply said people will not accept a high volatile currency. In my understanding crypto is a decentralized system while digital currency is like a generalized term for currency whether crypto or fiat that is working through digital techs.

Let's see what will happen in the future, we can't see for now that the government will create crypto on their own, unless and until that time will come that crypto will be fully adopted all over the world, although it will take a lot of time and effort before that will happen. But so far now, most companies are taking advantage to it in creating innovation in the world.

[lousie9]

Centralized cryptocurrencies are almost identical to digital currencies but their functions and uses are also different.
such as cryptocurrency, the focus is on the financial system and the value of shares depends on rising dollar prices. while digital currencies are currencies that cannot be regulated by the government or anyone, the ups and downs of digital currencies depend on supply and demand in the market.

[btcdie]

The government adopted blockchain technology, of course, because none other than in terms of security features, digital money issued by banks is very vulnerable to hacking and randomizing the system. and also if you use blockchain our transactions can be seen by the public, so anyone can track (transparent). The crypto began with decentralization, but the government hated it, so I think the government will make their financial system with blockchain technology but still have full control over the money held by the public. I am surprised that the reason the government hates crypto is because it can help crime easily, one of which is the most prominent act of money laundering. so we will surrender and wait for the government to do all this.

[zhekinsp]

But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

Mode of transaction is the difference between digital currency and crypto currency,centralized or decentralized they use blockchain for transaction so need miners and time for the transaction to be confirmed.But current existing transaction just on the bank ledgers so there is no actual money transacted.

[Adriano2010]

I not wait that governments to adopt crypto i only want that governments to not ban crypto, but if they centralize it they expect tax, what i want is that to have most shops to accept crypto.

[BRODIN]

as we have seen many companies begin to develop their own cryptoqurrency and some governments have begun to adopt the crypto currency for their country. but for now I have not heard that digital currency can be used as a payment system like paper money or for everyday use.

[killerfrost]

I not wait that governments to adopt crypto i only want that governments to not ban crypto, but if they centralize it they expect tax, what i want is that to have most shops to accept crypto.

If stores accept cryptocurrencies, they will certainly be taxed and paid to the government. But if it happens then it will not be a cryptocurrency anymore, It's difficult to make such decisions. And if the government bans cryptocurrency, I think this market will not be able to grow in the future

[Obito]

With crypto currency been adopted, and blockchain as well transparency will be lifted up. Corrupt officials, and some sort of illegal activities being held behind will be visible. If crypto currency be adopted, and were to control by government I don't think it would work still the same the way it used to be. The better way is just to adopt, and regulate moderately not going to the point of going close to banning it.

[adzino]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

You are talking about digital cash like paypal right? When can you easily see and track transactions made by people using paypal? Nope. Is paypal government controlled? Nope. But if the government makes a centralized controlled crypto currency, then life becomes really easy for them. They can easily track peoples transaction and keep an eye on everyones financial aspects. Tracking monetary fraudulent activities can become really easy for them. They will have full access to everything without any problem.

[bohr]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

If they accept the cryptocurrency, then surely they will create a cryptocurrency of their own country. And there they can check the entire trading history of people in their country and to control it easily, I don't expect them to do so because if it comes true then all both current altcoins will die

There are already a lot of countries planning to make their own cryptos so that it will be a regulated by their own local government. It's not that far for every country to do it except to those who had decided to ban it.
We got Dubai, Venezuela, Estonia, etc.
I wonder how would people feel that their transaction are visible to their own government.

Reference: https://coinsutra.com/national-cryptocurrencies/

It is definitely going to happen but it is up in the air how popular those coins could be, after all even if the country in which I live created its own cryptocurrency I know that I will never use it, there will be no point in using such cryptocurrency when we already have fiat currencies and I can use cash that leaves no trace in any blockchain, if I have decided to use bitcoin is because of the freedom that it gives me and the fact that is decentralized and I'm not going to change that for a centralized cryptocurrency.

[stephanirain]

I not wait that governments to adopt crypto i only want that governments to not ban crypto, but if they centralize it they expect tax, what i want is that to have most shops to accept crypto.

If stores accept cryptocurrencies, they will certainly be taxed and paid to the government. But if it happens then it will not be a cryptocurrency anymore, It's difficult to make such decisions. And if the government bans cryptocurrency, I think this market will not be able to grow in the future

Indeed, many cryptocurrencies are not taxed by the government. Personally, I do not want to have only crypto as a mode of payment. Both fiat and crypto is needed and can be used depending on the nature of the transaction. Especially in the context of my country, it is almost impossible to implement only crypto since most of the population is ignorant of the existence of such technology.

[fuer44]

actually I also do not agree with discourse or thoughts like that. if the government legalizes crypto and makes it centralized, then the actual crypto function is lost here because it will be the same as fiat transactions in digital or online form. I think it's better like this, crypto let it have its own space and the government is enough to not prohibit it.

[huu78]

Indeed the pros cons of many people if their governance adopts the blockchain. Partially agree because the government currency is stable and secure because it is held by the Government itself. That does not agree to impose them using it while others are more profitable and useful or such.

[bgaf]

If it includes government then it will be all boil down to tax. This is their goal if the cryptocurrency is put on legal state. How come they always argue with its development? Of course this is because they can't benefited from it and can't accept the fact that they can't extort some money out of huge income on crypto business.

[blckhawk]

It could be the same in terms of use, but the implementation could be different. Hence the name 'crypto' currency, this type of currency relies on transparency (blockchain), security (cryptography), and validity (irreversible transactions).

On the contrary, digital fiat could still run the same way of centralization as a centralized blockchain, but is more private, and could have ammendments and modifications more easily than a hashed linked list of blocks offer.

[batang_bitcoin]

Let's just embrace the reality that we are still far from that scenario that we will use crypto in our daily lives and replace fiat which we are already used to. The government is very strict with this kind of innovation because it evades their centralized power and authority.
They might just inform the people that centralized crypto that they'll create is just the same as digital cash to avoid confusion from explaining it.

[Rossi$]

The governments of developed countries express the interests of large business, including banking. Banks want to control governments and businesses, and for this one must not allow anyone else to issue money. Bitcoin cannot be undone, which means banks have decided to swallow it with their state cryptocurrencies.

[cassavachips]

Now there is already a digital currency and it really helps the community, the digital currency will be very much different from currencies that use blockchain technology. Many advantages of the blockchain that are not owned by digital currencies that are used now

[andriarto]

Let's just embrace the reality that we are still far from that scenario that we will use crypto in our daily lives and replace fiat which we are already used to. The government is very strict with this kind of innovation because it evades their centralized power and authority.
They might just inform the people that centralized crypto that they'll create is just the same as digital cash to avoid confusion from explaining it.

if the government does that, I think it is no different from the current fiat currency which has a centralized system. in this case the form is only different. freedom of transactions with a decentralized system, in fact no one can control it, all purely from demand and supply

[zhekinsp]

Ordinary digital currency is not the same as cryptocurrency. Crypto is based on blockchain, that's the main feature here. Blockchain is a new technology, which leads to many new possibilities if we talk about currency.

AFAIK, digital money is broader meaning, so cryptocurrency is like a branch separated from it. Building on a blockchain makes it different, and that means more power and confidence.

Any currencies which are using via internet for transaction and for payment is digitized money but cryptos are more transparent and secured compared to the banking servers and ledger which doesn't need any third party but for digital fiat transaction we need bank account.

[Bitbtc8]

Governments can't force people to use centralized coin unless they find a way to kill other decentralized coins, we already have decentralized exchanges as well so the freedom will always be present

[BChydro]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.

Many people might dream that the government will adopt crypto currency but that is far from the truth and no government will pass those adoption but all the governments around will world will look for a digital platforms and might force the citizens to use every transaction digitally so that they will have complete control over the finance and monitor every transaction and they might integrate blockchain at a later time.

 

[samuraijin]

digital currencies where funds can be added at any time and they are centralized, developers and groups of digital currencies can manipulate there, unlike crypto currencies have a limited and un-centralized supply so there is no manipulation there, when you want to send money to your friends, maybe with digital currency you can only do a screenshot but for crypto currencies you can provide tx id a proof of transactions that can be seen in public, digital currency is suitable for corruptors playing but not in crypto currencies

[seleme]

As it looks hard for the average Joe, the tricky payment flows can be detected by the professionals. That's why the secrets of money laundering are unknown by many people who work on the banks, they are supposed to do what their boss order. Blockchain transparency is far from these realities, governments will not want to take a headache just for the "sake of transparency".

[makolz26]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.

Many people might dream that the government will adopt crypto currency but that is far from the truth and no government will pass those adoption but all the governments around will world will look for a digital platforms and might force the citizens to use every transaction digitally so that they will have complete control over the finance and monitor every transaction and they might integrate blockchain at a later time.

 

So far the adoption of crypto by the government will for sure happen in the future, let's not close the door for it as we need our government to handle this kind of matter, although they can't control but at least have some regulations that they will implement for the protection of the team of the project and especially investors.

[Ucy]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

Transaction history. You can find transaction history publicly by searching a certain public address. Unlike digital cash that you can only see transactions if the owner of that money show it to you.
If the government adopt that it will help them to monitor every balance enter on that address and they will know how much money in it.

I think it's beyond Blockchain transaction history. Afterall they have more advantages with the current bank ledgers. They will probably go for private "Blockchain" or for some sort of immutable ledger/pseudo-Blockchain. I bet there are serious research towards this or they already have the solutions.

[Henrytrust]

The government would certainly prefer to have their own cryptocurrency so as to have control over the value and ensure that its relatively stable. It may be easier to get such tokens exchanged for other more popular cryptocurrency like bitcoin. It would be a great boost to the financial freedom dream which cryptocurrency is Striving to accomplish.

[batang_bitcoin]

Let's just embrace the reality that we are still far from that scenario that we will use crypto in our daily lives and replace fiat which we are already used to. The government is very strict with this kind of innovation because it evades their centralized power and authority.
They might just inform the people that centralized crypto that they'll create is just the same as digital cash to avoid confusion from explaining it.

if the government does that, I think it is no different from the current fiat currency which has a centralized system. in this case the form is only different. freedom of transactions with a decentralized system, in fact no one can control it, all purely from demand and supply

Yes, that's the point. The form is in digital but there's no actual difference from the currency that we've used to use. There's already digital cash that payment processor offers, these are the known third party companies that provide services to their consumers.
It's decentralized so obviously, there's no one that can control it. There could be manipulators that agree to do the same thing as they have the power to move a bit the demand which we always suspect of manipulation.

[marcous]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.

Many people might dream that the government will adopt crypto currency but that is far from the truth and no government will pass those adoption but all the governments around will world will look for a digital platforms and might force the citizens to use every transaction digitally so that they will have complete control over the finance and monitor every transaction and they might integrate blockchain at a later time.

 

So far the adoption of crypto by the government will for sure happen in the future, let's not close the door for it as we need our government to handle this kind of matter, although they can't control but at least have some regulations that they will implement for the protection of the team of the project and especially investors.

I still doubt that cryptocurrency will be adopted by the government if viewed from the governance system in my country. maybe not all countries, but there are too many cons regarding crypto if it is related to the financial industry. moreover it is only a project in which a project is rarely realized in the long term.

[Sembadapuja]

Everything is done within the network and every single person can view the transactions within a public ledger. But it could also be made a private ledger if the government prefers. If the government legalizes crypto, this could be a way of mass adoption. crypto is not only used as a means of payment. Of course there would be changes as to how we see crypto now to the time that it's widely accepted.

[FairUser]

Because they have full control over the cryptocurrency they create, and they have control over its price like cash. So that banks and governments don't like bitcoin and the current altcoins, there is now a lot of news that some governments are experimenting with cryptocurrencies and will be operational by 2020. If they decide to put it into operation, I hope it will not adversely affect the current market

[letyouearn]

Governments may just imply blockchain and improve already existing digital currency systems. But of course this new system will be centralised and even more cabalistic.

[CarnagexD]

Governments may just imply blockchain and improve already existing digital currency systems. But of course this new system will be centralised and even more cabalistic.

Governments are really against with the cryptocurrencies but let us not expect for them to welcome the cryptocurrencies as a whole but rather the blockchain technology that bqcks it up. Let us be real government does not any decentralized syst overcome them as it will result to uncontrollable freedom to the peoplr that would cause an economic confusion. It is good to see great news abput cryptocurrencies let us not expect a lot from it.

[rmhuntley]

the difference is the power of the system. Blockchain financial system is more powerful than a bank financial system. from blockchain safer security. so basically it doesn't make a new crypto currency. but moved the system and network of digital currencies to crypto. so it's safer. but the real desire in society is about decentralization. so they have full rights to their assets

Yes agree what you say, if the government wants to make its own crypto and impose the public to use as currency then the community desires in crypto only one as long as it can be fully controlled assets by the community itself. I think it's safer.

[starblocks]

What you are referring to are Central Bank Digital Currencies (CBDC)'s and there will be some launched starting from next year and they are centralized and a digital version of cash except the difference will be the ledgers will likely be public so anyone can see the transaction just not who's transacting

[karanggatak]

I think there really is a difference between government-made crypto currencies and digital currencies. Digital currencies are usually issued by startups and we usually buy these currencies through banks and this technology does not use a blockchain. and digital currencies do not have volatility. but the crypto currency is always based on a blockchain and its value will fluctuate and later this government-made crypto currency will be controlled by the government.

[nicolas1979]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

No need to create new crypto, government only need to enter crypto into their financial instrument and give regulations to control it. Digital cash is method is reduce fake and physical money, have no correlation with centrelized crypto anyway. Government need wise respond about crypto, like or not crypto help people to get income when government can't provide job. That's the fact and as crypto user we need to keep support crypto in every section using promotion, education and free job.

[bohr]

actually I also do not agree with discourse or thoughts like that. if the government legalizes crypto and makes it centralized, then the actual crypto function is lost here because it will be the same as fiat transactions in digital or online form. I think it's better like this, crypto let it have its own space and the government is enough to not prohibit it.

Not going to happen, governments until recently controlled all forms of money, but then cryptocurrencies appeared and they challenged that authority and governments are not going to like that because now you have the option of not using their fiat currencies which as we know is a system that benefits them and anyone that is their ally, and they do not want that to change as such they are never going to allow cryptocurrencies to grow on their own without any kind of supervision coming from them.

[pgbit]

Just take a look at what the Chinese Government is doing right now, taking every opportunity to restrict the activities of most Cryptocurrency projects and even going as Fara s banning bitcoin mining rigs and all these are after they have announced their interest in launching their own Cryptocurrency, I believe all these activities and lockdown of other Cryptocurrency projects is to shift the focus fully on their own Cryptocurrency when it launches and I am seriously beginning to doubt if it would have any element of decentralisation at all.

[Perfect35]

Governments will not make the mistake of replacing Fiat with digital crypyocurrency, because it also has its importance. As a matter of fact, not everyone would want to use government digital currency, because of its centrality and no one will be compelled to use it. In a democratically led government, there will always be choices.

[devillnj2.1]

there are some other countries that accept crypto currencies as mode of payment for gas, groceries and other products and services, digit money is very different in crypto currency, digital money is still fiat value, you just store it in a digital wallet like credit or debit card, crypto currencies adoption for government is possible but to replace local money not this time, but in the near future if people fully understand crypto currencies and all problems in crypto currencies resolve that would the time for new era of money evolution.

[HabiebRiziq]

I think in any goverment they can't replace fiat money, so difficult to change a national currency to be crypto. There are many program cashless with their own currency in every country. I think they just addopt the technology, remember that high volatile cash in value can't be accepted by people.

Cryptocurrencies are created on the principle of decentralization and anonymity, but all governments want to control cryptocurrencies to protect their economies so that they do not now recognize cryptocurrencies. But I think in the future, when blockchain technology is widely used, every community will create a type of cryptocurrency, which they can control, to represent them.

In my opinion the government wants to control cryptocurrency because of several factors. One of them is so that cryptocurrency does not interfere with the dominance of fiat money and also to get taxes from cryptocurrency transactions. I think the Government will recognize cryptocurrency sooner or later because technological development cannot be dammed by anyone

Yes, the government must be able to control so that cryptocurrency does not interfere with fiat money. And I think if the government cannot control this there might be something that becomes a problem in the exchange rate and maybe slowly the government will also begin to understand the development of cryptocurrency and slowly be accepted by many people.

[mr_random]

The blockchain is based on math and technology, there is no similar features of the recent traditional monetary system and elecetornic/digital cash. The math-based digital cash will be available for everyone but the USD based global economy is dangerous at this point. FED can print any amount of cash with pressing a single button but it wouldn't be possible in the blockchain-based digital cash. Just my 2 cents.

[GideonGono]

Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?

Share your thoughts, please.

There are pros and cons always so if there are maybe better happen but there will have a worst happen. If this was promoting by a government then they will hard to stop it when sometimes doesnt good happen because they already started and they can't control crypto by their own hands so they have or think wise before they do that.