Post
Topic
Board Economics
Re: each state will create its own token?
by
Jewell
on 19/10/2017, 22:46:52 UTC
Hello people!As you consider whether each state to create their own tokens? under its currency?

Im not sure if that was a good idea because in order to create a token we just only need an internet means it can be use and accesible worldwide.
In my country Philippines, some bitcoin user created PSB token (pesobit) like pesos currency but it seems that coins is going to dump now.
That's true creating a own token of all countries i think its not a good idea we know that many people are not using internet. And they need a big capital for them to create and to add it on exchanger.
Yes PSB now is dumping then the developer have plan again to do a new currency.

Making token  for separate countries would result in same as current situation. It will be kind of similar to the fiats of respective countries. I think after introducing such tokens, they will mostly put on some restrictions and regulations. Bitcoin is enough with various alts currently present in the market. And yeah token wouldn't help until the country is well built with advanced infrastructure. Or literally not even 50% could use it of some specific countries.
I think that most of the countries may already have start working on it. But it will work as centralize currency and therefore i do not think that it will compete with bitcoin, because bitcoin has the beauty that it is a decentralize currency and is present throughout the world.