Quote from: agentx44 on October 26, 2019, 05:21:33 PM

Quote from: Blanca_Gregory on October 24, 2018, 01:34:06 PM

We've all seen this phrase before: that the government and/or banks will more likely to create their own cryptocurrency, but what are the odds that they really will? How can we be sure that these two sectors will create their own coins eventually and will it even change the game if they do? If they did, will it not threaten bitcoins and altcoins because the common people who haven't heard of bitcoin before might choose to use these bank/government-created coins instead? Do we really need more coins?

I think it will be a hard thing for the government to make this coin successful. If we are going to look at the history of the current cryptocurrency existing today, we can see that it took a very long time before everything worked together for them. It was also made by the smartest teams in the world so if the government would just hire normal people to manipulate and make the new coin, it will definitely fail easily.

It is not possible for governments to ignore the concept of digital currencies at all and the advanced ones have already tried to take over the most potential digital asset, bitcoin. I am talking about China here. Sooner or later, all the world will be using crypt coins and those who will indulge earlier will be benefited more. Also, every big change requires time in order to get mass adoption.