Quote from: TeeGee on September 26, 2015, 03:50:54 PM

Quote from: Dyna on September 26, 2015, 01:12:14 PM

Quote from: TeeGee on September 26, 2015, 12:49:14 PM

Quote from: Bergman on September 25, 2015, 10:55:22 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.

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.

I feel inclined to agree with you Alan,

After hitting 1800 words (which I plan to cull a few hundred) and having realised I need to expand on key points further and add in a key point I didn't explicitly explain, I now think I'll need to split into two articles. This is of course, after I already split my original topic into three articles, and then one of those articles, is now being split into two, but no biggie.

I'll let the community contribute towards potential titles for participation huh? Feel free to modify the following titles any which way.

"The Story You Aren't Being Told; How Fiat Money Causes Inequality"

[huge topic - but Fiat money sends money upwards - central banking works for only a select elite who don't contribute anything to the economy, they merely counterfeit money / are the first to spend it at everybody else's expense].

Crypto blows Fiat out of the water.

followed by:

"Fix Inequality Causes Not Symptoms; The Lack of Diversity Among The Academic Elite"

[Academics are overwhelmingly ill-disposed to free-markets, and nearly all studies are carried out by sociologist professors who perpetually spout the same nonsense that focuses on fixing inequality after the fact - by redistributing wealth from productive citizens who earn wealth fairly, rather than fixing the cause - the way fiat money sends wealth upwards by design to a wealthy elite who earn it illegitimately. The only word for it is theft. Fixing this will nip a lot of the inequality issue in the butt, and it won't affect people who earn exorbitantly high wages fair and square nor business entrepreneurs one bit.]

Lemme know your thoughts

"The Story You Aren't Being Told; How Fiat Money Causes Inequality" - I really like this title as is, and it is a good subject to cover. I think this is an issue that most people are totally unaware of and in order to adopt digital currency, they need to learn why it is a better choice than fiat. But I wouldn't use the word counterfeit if we are trying to make nice with these people. lol

"Fix Inequality Causes Not Symptoms; The Lack of Diversity Among The Academic Elite" This article will be awesome! I hate when bandaid solutions are applied to anything, especially because it is usually broken beyond repair. How will cryptocurrency fix this inequality, where fiat (and the old fix-it bandaids) failed? Looking forward to it!!

A couple of suggestions for the title:

Inequality Needs To Be Addressed At It's Foundation; The Lack of Diversity Among The Academic Elite

Fix Inequality At It's Foundation (or Source?); The Lack of Diversity Among The Academic Elite