Re: [ANN][NOTE]DNotes - DNotes is now listed on Cryptsy!

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.

It's important to note money or creation of money is not an inherent government function.

Thanks Bergman,

I'm going to consider making room for that point in my next article - more in a passing manner, since it is difficult to go into everything and substantiate it without things becoming really loooonnnng.

Understood. I do encourage you to post expanded comments. One global digital currency, as a supplement or alternative, for everyone to participate, including nations, is the best option and in the best interest of everyone. We envision that digital currencies will not replace national currencies but supplement them, especial to make the movement and the transfer of money and digital assets of value significantly more efficient and transparent. Additionally, it provides a viable option or alternative for those who strongly believe that the citizens of the world should have the alternative to be in control of their hard earned dollars and not be at risk of loosing them due to unfavorable political decisions.