Quote from: Averim on February 11, 2020, 07:24:29 PM

Quote from: ronbennett_ on January 24, 2020, 11:31:29 PM

Some governments recently try to create their own crypto currencies (e.g. China), according to reports. Some welcome this as a good step towards mass adoption of cryptocurrencies, others don't like it. Still, the crypto media welcomes this and we should consider whether this is good news in general or not.

What would be your opinions be on this? Should more and more governments create their own digital currencies and introduce them to their population or should we not support the creation of digital currencies made by governments?

Governments creating their own digital currency is good for mass adoption but in the equation the problem is the politics involved in the process, it may affect at some point the image of cryptocurrency (we all know politics has not always a good influence in what they do).

The creation by states of their national stable coins will inevitably happen. These events simultaneously represent both a great opportunity for the cryptocurrency market and a great threat. The massive emergence of stable coins of various states also means an increase in interest and the further development of a decentralized cryptocurrency. However, there is a possibility that stable state coins will have good demand as a means of payment, and this will reduce the use of cryptocurrency as a means of payment. How this will happen in practice, time will tell.