Post
Topic
Board Altcoin Discussion
Re: Country backed coins, a good idea?
by
stompix
on 21/05/2018, 11:07:37 UTC
What do you guys think in a near future there gonna be coins like "Bit-America" or "Canada-coin", backed up by public assets, would that be a good idea
There's one already the "Petro Coin" a coin from Venezuela.
I would invest if these big countries will make their own coins but I doubt that they would do. They are against to crypto's so why would they create one?
Another thing is this is not the section for this topic, move it to altcoin.


Invest in what?
All the coins that are going to be created by a country are going to have their values pegged to their national currency.
What stops you know for getting rupiahs and when they launch the coins the value will soar...right?

I still don't understand why some governments or even big corporations would want to create such coins but they are doing it anyways so to answer your first question, yes we will see many coins like that which are created by the governments and are backed by some real assets like Petro which is backed by oil.

Propaganda, cheap funds from morons, ways to distract the public from their problems.
And now honestly, you don't believe that whole "backed by oil" carp from Maduro, do you?  Wink