Brace yourselves... Government "crypto" coins have arrived.
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its just the start , soon more countries will understand the need of transparency beyond their existing model. The corrupt countries will adopt it the last.
We all knew this was coming. They will want to use the blockchain to keep an iron fist of control over our economic lives, by taxing and censoring every move we make.
We can't let them be successful.
Hmm....'They' fail at everything they do. I wouldnt worry to much. Id bet on the angry geeks over our leaderships any day :)
dont be so cynical
When is the ICO for fedcoin and how does one get involved with that project?
I am a bit confused why they create crypto,is it to fight with all other crypto or they realized crypto will rule the world in near future that's why they created their own crypto currency.Just for using against all other crypto.They want their grip on crypto that's why they did it.Thank's for the post.
It will be an ICO, so their motivations are likely to raise funds. If it was anything more than a money grab, like the Petro, then they would make it legal currency, legislate that banks have to keep nodes running to preserve the blockchain and distribute the coins evenly anong their population. Bet that never crossed their central authotity's mind. 😎
Consider the crypto an asset, trading on a market. This is where the price is set , given value. They are interchangeable with each other as well.
Wow this is a great news of the year when a country make a crypto for the first time. It will be a history of crypto as well. Okey, I am going to subsribe to your newsletter right now. I must get some new information on it. Thank you very much.
Regards from Indonesia.
Do you think there's any correlation between this and the fact that the EU removed the Marshall Islands from the list of tax havens only a few days ago?
Source:
https://www.reuters.com/article/eu-tax-blacklist/eu-set-to-remove-bahrain-marshall-islands-saint-lucia-from-tax-haven-list-idUSL5N1QO3MN
That seems way too much of a coincidence!
This is a welcome development but also a threat to decentralized system operated by already existing cryptocurrencies. But certainly the benefits of the decentralized system existing already will give an edge over the government created one's if they try to operate it as like a national currency.
A centralized system is more like digital cash, than anything. It fails the de-centralized aspect of a true cryptocurrency, IMHO.
Interesting news. Gotta wonder how it all unfolds, as so many larger countries and central banks seem to be eyeing the same for themselves as well. The question is which will win out in the end - the positive move toward crypto or the negative of "governments" being involved. Thanks for sharing and keeping us all abreast of this! All the best
This is really interesting even dough Marshall Islands are kinda irrelevant in the world community. I wonder if this will actually help them grow their economy in the future
Sad, but I'd be lying if I said I wasn't expecting this sooner rather than later
All-right! Hopefully there's less scandal than in Venezuela! The sovereign nation of Allodium also has a cryptocurrency ;) https://steemit.com/allodium/@allodium/how-to-buy-allodium-appreciation-tokens-and-invest-in-og-creds
plz resteem
A small island nation with fewer than 60,000 internationally known inhabitants as a former nuclear weapons test site is joining a new trend, with the emergence of a national crypto.
The Govcoin Marshall Islands plan is due to be released later this year.
The Marshall Islands Republic plans to issue its own crypto as an official lawsuit, to be known as Ruler. The local parliament voted this week to continue its publishing plan.
Kenneth Kedi, a senator and speaker in a Bloomberg interview, explains if any council still has a few days to file an objection, a move which he says is unlikely to happen.The Marshall Islands government will arrange an initial coin offering (ICO) and the exchange will be allowed to apply for currency trading, he said.The move is seen as a way to increase local budgets. This is specifically targeted to the country's long-term needs.
Amazing @dollarvigilante
Well they certainly have a good looking flag! Hmm, tropical paradise with a bunch of people making a living using blockchain technology....I need to get a passport!
I was thinking that regions could create cryptocurrency based on what the region offers. For instance, I live in Pensacola, FL. And the area is very nice. So keeping it nice would be a way to tie the ecology to the cryptocurrency. And it's value would fluctuate based on an overall data set that comes from the area.
Wow. That was kinda fast lol.
Great post.
Joy
.
That's just a rogue state trying to become a crypto paradise and propably less dependant on the USD. Good for them, besides they are way too polluted to invest in tourism.
I upvoted you with great respect
Gee, I wonder if their crypto is open source and decentralized? NOT!
No more central banks!!!!!!!!!!!!!!!
Salut! Go Bitcoin Go 💪
What do you think of this:
https://steemit.com/bitcoin/@aro.steem/big-day-for-bitcoin-lightning-goes-live-on-mainnet-ba7988835da62
Interesting news! Nice content ;)
What kind of fight/resistance do you see the establishment making to disrupt cryptos decentralizing progress?
Cheers!