Quote from: MCVXYZ on April 20, 2018, 12:24:34 PM

Quote from: Lieldoryn on April 20, 2018, 11:45:35 AM

Quote from: Doge dealer on April 19, 2018, 04:41:30 PM

that would be a difficult prospect because the crypto currencies are still very volatile and that would spell further economic problems for a weak economy because noting in that country could be stable , the cost of an item would also have to be volatile for example if your using bitcoins and you bought an item for re-sale and the price for a bitcoin went up that would there fore mean that you would also have to amend the price of that item to reflect that increase. That would make absolutely no sense as you would have no idea exactly what your money is worth or what portion of goods it would pay for.

Why should the state use cryptocurrency? Fiat's money, too. Initially, Fiat has real value and any government has the opportunity to support this value. But the problem is that the government doesn't know how to run the economy. They are always spending more than they earn and compensate it at the expense of inflation. They cannot exist in a fair economy.

I think it's not the main problem and reason,First of all governments can not control cryptocurrencies emission,despite the fact that usually there is limited supply and cryptocurrencies are making emission with mathematical algorithms and not by central administrators and central banks.So just imagine how much electricity do they need,For example let's get bitcoin,Bitcoin's energy usage is very hug(For example as I remember correctly in Iceland bitcoin miners used more electricity than citizens for their daily need in one year).This is a very complex issue and needs distinctive approaches,Special structures must consider every details to do something like this,new power-stations,Hydro station,solar energy,other alternative energy sources,etc.

This is not a problem. Many countries buy electricity abroad. If the price of electricity does not exceed profitability, I see no problems. But this problem applies only to miners. Normal users don't consume a lot of electricity. Now the majority of miners are concentrated in China. They ensure the use of cryptocurrencies around the world.