Central bank coins vs crypto space coins

[Furryball]

I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

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[Bttzed03]

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?

They will be stable coins that's backed by each central banks national currency. From what I know so far, they won't be traded on exchanges. They will have a spefic use case and will not be subject for speculations unlike crypto coins with open blockchains (btc, eth, ltc, etc.) so do not expect to profit from them.

4. Will regulations still come after this?

Obviously, no. Central banks will have government approval before proceeding with these coins.

[Novatech8]

Central banks digital currencies will definitely be stable coins, this is why facebook's Libra is having a hard time, 2020 will be the year of CB coins and this will open the eye of many into crypto atleast, I think coins like LTC and the rest will be left the way they are, do not expect any kind of regulation

[knuckey]

I think central bank coins will be worth the same as fiat currencies, with a ratio of 1:1 (not necessarily usd, maybe it could be euro, yuan or other) based on the country or region that created the coin.

Why is this trend just made when halving bitcoin or the 4-year cycle that always triggers bullish for all cryptos? Why now or not from the previous year they created central bank coins, I think they will take advantage of the hype.

[Henrytrust]

If the government choose to join the cryptocurrency space, they could start by launching their own tokens which should be a more stable crypto and have the back up of the government. It would be much more preferable, if the tokens could be exchanged for other cryptocurrencies in the secondary market.

[zeze18]

I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

1. I'm sure it must be stable coins because it's controlled by the banks and the banks created it. No matter how big the demand will be , the banks will always create the supply because it's the same with crypto that have limited supply.

[shinratensei_]

I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

1 They will be stable coin and backed by fiat. they will never be security token.
2 That will never happen because they have already reserved the fiat money to backed them all to create the stabilization and remove the volatility.
3 They will just use that as a payment system for the digital store and create tx over the world use that digital crypto.
4 It will not come for crypto (expected light regulation but still not sure about that ) but the regulation for bank's crypto will actually come.

[stadus]

I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?

It's gonna be a stable coin , they will print when they need to, just the norms in our current monetary system now.

2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?

I'll skip this one, it's related to question no 1.

3. Maybe people will just use them as a plus since it's from the government?

What do you mean by "use them as a plus"?
elaborate please....

4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

When we say government, that means centralized and regulated... so YES it will be regulated and they are not only gonna regulate their own but all the coins in the market, centralized or decentralized as all coins needs an exchange.

[duuuuude]

I think that ahead is a test of these innovations. At the moment, I do not see the prospect of the need for cryptocurrency for ordinary citizens who make good use of electronic and paper fiat. Blockchain in banking systems is good but banks never do anything at a loss.

[xZork]

1. These new Central Bank coins are they going to be stable coins or not?

I think they will be stable currencies backed by the gold or cash of the nation itself.

2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?

If it is not a stable currency I guess it will be very difficult to attract investors, then it is no different from an ICO or IEO today.

3. Maybe people will just use them as a plus since it's from the government?

Yes, the only plus is that it was issued by a reputable organization.

[tabas]

1. These new Central Bank coins are they going to be stable coins or not?

It is likely that they will. The central banks wouldn't go for something with currency that is unstable.

2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?

I don't think so, they will not have that urge to make a decentralize coins. They don't have a control with if if they does, we know how bank works and they wouldn't get on it if they have unsure results.

3. Maybe people will just use them as a plus since it's from the government?

It could be, as long as there's an approval from them.

4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

Everything that will be related to cryptocurrency will shall be covered by regulation if they have made rules to regulate it.

[tenakha]

I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

I am sure that coins created by governments or central banks will be a different stablecoin than these market rules. Because this is already at the level of governments and a much more serious step, and obviously will be used somewhere. Otherwise, being decentralized makes it volatile, and that volatility can ruin the government's economy.

[shiming]

The central coin is definitely a stablecoin. Countries are now studying cryptocurrencies. I think there will be stablecoins in various countries in the future. I don't know which country will launch it first. Relative laws and regulations are currently being planned, otherwise there will be too many cryptocurrency scams. People are relatively convinced of the government, but for inflation. I am more concerned about Bitcoin development.

[avikz]

I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?

These are just digital representation of the central bank issued currency. For example, if you can buy a McDonald's burger at 4 USD in fiat, same things can be bought by 4 EUSD.

2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?

These are stable coins, so holding these coins would not fetch any profit.

3. Maybe people will just use them as a plus since it's from the government?

Insted of carrying your wallet, you can carry your money in your mobile phone. That's convenient!

4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

Yes, regulation similar to cash currency will also apply to it. However, it wil become very transparent to the government and they will be able to monitor every single transaction that happens using e-currency. So the scope of cryptos are not reducing. People who wants to use cryptos as a currency or as an investment, will continue to do so!

[Juggy777]

I've been following the trend news of central banks creating their own digital currencies but a question have since then troubling my mind.

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?
4. Will regulations still come after this? I think other coins will be neglected and regulations will only be for coins from government?

@Furryball of course those coins created by central banks will be stable coins, because they’re Fiat money wrapped in a new avatar. I don’t know who’ll be foolish enough to dump their crypto’s for Fiat coins, because these stable coins will never be able to generate high returns that crypto’s can generate if you hodl them. As for the 3 and 4th question government may provide some incentives to people for using it, and they’ll be regulated same way Fiat money is regulated.

[Thomas-s]

I think that all these coins of central banks will not be needed by anyone because they are centralized and will not differ from ordinary money. Our money will also not be safe, so this is a common attempt to deceive people using trends. banks see a danger in cryptocurrency and I think that the creation of their stable coin can save them, but this will not happen

[Lion BItcoin Shop]

in my opinion, all goverment currency will be stable coin, and must be stable coin 1 = 1 with national currency, but if the rate of national currency fail, the coin price will be fail too.
ofcourse all people must use it, but people still have other option like the booming of e-money right now. people can use national e-money or other option.
and i think the regulation will not come easily, goverment will use "private blockchain" like IBM service, goverment still afraid with super computing computer where can crack private key easily from public key ( of course this issue not happen right now)

[Dickiy]

if indeed the central bank coin is a coin stabile it should still follow the rules explained in the coin speculation! where did you get the source? and if they are not stable, the price will be damaged because the market moves according to the interests of sellers and buyers, not with economic movements, which we know is stable stable with the country's currency, before I continue, please include your source.

[moviebuff777]

I expect them to be stable coins, but will they be like government fiat currency where they can print more at anytime? Stable would imply that they retain value compared to something, maybe the US dollar. But the US dollar is inflationary, so it’s value decreases over time. Hard to see how this plays out.

[Furious 7]

1. These new Central Bank coins are they going to be stable coins or not?
2. What will happen if they are not stable coins? If holding them will be profitable many will leave crypto space and focus on these new coins?
3. Maybe people will just use them as a plus since it's from the government?

They will be stable coins that's backed by each central banks national currency. From what I know so far, they won't be traded on exchanges. They will have a spefic use case and will not be subject for speculations unlike crypto coins with open blockchains (btc, eth, ltc, etc.) so do not expect to profit from them.

So the coins will indeed be stable and cannot be traded on the exchange? is that true, it means there is no partner to btc, eth etc.
Maybe central bank coins will be used only for transactions or used in applications that they apply in their region, but I don't know which bank has set up their own coins.