Quote from: Zisove28 on November 16, 2016, 08:26:20 AM

Quote from: caindependence on November 16, 2016, 07:51:14 AM

Quote from: electronicash on November 16, 2016, 04:16:48 AM

Quote from: caindependence on November 12, 2016, 11:37:56 AM

The California Republic will quit the US dollar system and switch to Bitcoins.

Isn't Potcoin a better option for them if they succeed to exit? If it really they can get out, I wouldn't be surprise if there will be a calicoin later or calexitcoin. Thier independence and switching to btc would be good for crypto economy.

That's absolutely on our agenda. Calcoin will be built on a bitcoin standard monetary system!

That what you mean?) Is never going to happen. The government does not allow it. This incurs losses to the state. After all, if it will make one part of the country, then others will follow.

If Bitcoin has the same functionality as gold does, then it would be natural to derive Bitcoin standard from gold standard. The government will not allow circulation of Bitcoins, rather, it issues Calcoin which trust is backed by the Bitcoin balance of the government. The mining cost is the counterpart of storage cost for gold.