Post
Topic
Board Economics
Re: What are the odds that the government/banks will truly create their own coin?
by
barabarian1
on 28/10/2019, 02:33:05 UTC
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?

when the adoption of the blockchain is increasingly widespread in my opinion it might be for a government or a bank to make its own crypto. and maybe the coins made are stable coins that are regulated and controlled by the government. so I don't think it will impact or threaten decentralized bitcoin. bitcoin will remain a favorite coin in cryptocurrency.