Re: State-Backed Iranian Cryptocurrency - Is this the end for all other cryptos?

Quote from: Samyalson on January 28, 2019, 07:34:04 PM

The Iranian regime is looking at state-sponsored crypto as a way to get around the US sanctions.

This measure has far-reaching implications from the perspective that central bank cryptocurrencies/state-backed cryptocurrencies hold the potential to end all others.

Is this a step towards the end of BTC and the rest?

https://cryptomenow.com/iran-decision-on-launching-a-state-backed-cryptocurrency/

And why you should think that way? No matter how many iranian government backed crypto-currency will made. As long as the crypto-currency is working in the principles of decentralization i think it doesnt affect the entire crypto-sphere. Thats not logical to conclude that the iranian state back cryptocurrency project will influence the current state of the most crypto-currencies that exist today!