Quote from: Dyna on September 26, 2015, 12:51:12 PM

Quote from: DNotes on September 25, 2015, 10:32:42 PM

Quote from: KristinaHD on September 25, 2015, 09:40:12 PM

Scotland Urged to Create its own Digital Currency

http://dcebrief.com/scotland-urged-to-create-its-own-digital-currency/

This sounds like a great suggestion, but if Scotland decides to use that advise and create its own digital currency, wouldn't they be giving up some amount of control? Is there any way a government authority could gain information or control of the currency? Take Greece for instance. They basically shut people out of their own bank accounts, allowing them only to withdraw a certain amount per day. Is that at all possible with Cryptocurrency at all?

I'm sure they could adopt an existing digital currency, create a new digital currency with full control, or create a new digital currency with zero control and fully decentralized.

Probably not, depending on where they stored their coins, and how they are handled. They set a limit after closing the banks and people went on a dash for cash withdrawing from ATM's.

From a technical standpoint, can Scotland create its digital currency? Absolutely. Is that the best option for the nation? Absolutely, not. I have made several posts on this subject previously and may want to expand on this subject at another time.

It was a long day for me yesterday; driving 2 hours to attend a meeting and 3 1/2 hours to come home. Fortunately, it was a great meeting with one of the top players in Blockchain technology. Quite an impressive young man in areas covering Blockchain technology, strategies and general business issues.

I will be extremely busy the next few days but will check in when I have a chance.

Alan, GET SOME REST!!! Your meeting sounds interesting. I would have like to be a fly on the wall for that one...