Quote from: kryptqnick on October 14, 2018, 11:34:10 AM

Quote from: Maheshkumar_Hrangkhawl on October 14, 2018, 08:05:01 AM

Those are not real crypto-currencies. Those are just digital versions of the fiat currency, similar to Paypal or Skrill. A crypto-currency should be decentralized. It can't be issued by any central bank.

Makes sense to me, but I still think that it's an improvement over what we have now in the world and some sort of contribution to mass adoption of cryptocurrencies. People will still get to know blockchain and learn how to deal with crypto wallets. The main potential difference from fiat could be that national cryptocurrencies can have limited supply and bring the end to serious devaluation of currencies. Also, no fake money and no accidentally destroyed money (paper becomes old and unrelaible with time and it's also naturally not protected from mud, wated, fire etc.). As people learn how to use official cryptocurrencies, it will be easier for them to turn to the ones we are used to as well.

I agree. I think governments do that not only to just keep with the times and trend, but it can also be a more secured way to delve into cryptocurrencies because a government, unlike private developers, has more capacity to safeguard the investments of people who use it in their transactions, which most likely, would be picked up by their own citizens. I think, it's just part of the function of the a government to make sure that the money and investments of its citizenry are safe against any forms of scams, which is at the moment, happening in the cryptocurrency market.