Post
Topic
Board Economics
Re: each state will create its own token?
by
Fulmand
on 16/10/2017, 04:54:22 UTC
Hello people!As you consider whether each state to create their own tokens? under its currency?

I don't think so because no country wants to give a decentralize currency to their citizen and loose the economic control from their hands. And if there is Internet everywhere than it could be accessible from any part of the world. So there is no logic behind create such a vague and useless currency.
If you do try out to read up again on what op said and mean then you would answer on different thing. If each state would decide to create their own tokens then it would surely be a centralized thing which would based on their own currency but this thing would be somehow take lots of works or adjustments since not all citizens is familiar on this kind of thing.
yes that is fact that if a altcoin is restricted to some particular area or state then it will certainly be centralize and will not as universal, But i think that this will not be succeeded, because people like to use a universal currency and therefore they will still refer to bitcoin, because bitcoin is a universal currency and it can be throughout the world with same value. 
Centralized or decentralized doesn’t make a currency universal. Even bitcoin cannot be used globally by everyone as so many people will not even be able to access it due to lack of internet and being hugely behind in technology. At the end for the state, we will just end up having a form of the usual fiat they have had before in the form of digital currency which will end up being controlled.
Future will be all about bitcoin and this can be surely predicted that if this coin start circulating everyone will know about it and should use it and whereas decentralization is concerned it is the quality of bitcoin it generates huge profits which are enjoyed by investors and as internet is available everywhere in world and all are using it so why not bitcoin.


Probably yes it should be like that, each state has its own token beacause we are targeting to decentralized currency in every country and each country has different fiat money. Only the government of each country will answer on how to make there national currency be defined if this digit currency will take over as a global currency nation wide.