Quote from: samcoin on November 22, 2016, 06:18:45 AM

Quote from: shamzblueworld on November 19, 2016, 06:48:55 AM

So far I think its only people or organizations that are trying to create a new crypto currency to just be out there and maybe one day compete with bitcoin. But what if a government decides to create a country's own and legit altcoin? How would that affect the whole scenario? Will it be an instant success, especially if the country is big enough in population or has decent enough international trading going on.

This idea isn't strange for me, because there are few countries declared that they will create their own digital currencies, China one of them, they want to hire blockchain experts in order to create a digital currency, I also heard the same about Sweden.

What they are trying to do is to counter the effect Bitcoin in particular is havingor going to have on their on central banks. Most people that are into Bitcoin now prefer to have thei money in BTC rather than save it banks and if this trend continues they are in for a big problem because it will be difficult to control bitcoin