Post
Topic
Board Economics
Re: Bitcoin as legal tender
by
netrin
on 24/06/2011, 15:57:04 UTC
Why would a government impose as legal tender a currency that it can not print and therefore can not profit from it?

I happen to live in a quasi-independent nation with a tiny population that has requested that the colonial power print its own currency. The imperial nation agreed to print a special colonial-version that could not be redeemed outside of the colony. The offer was declined. So, I don't think the possibility of using or backing bitcoin is too far out.