Quote from: EugeneReigns on July 27, 2018, 05:39:03 PM

At the moment the first country to create its own national cryptocurrency is Venezuela.

And I heard yesterday that they have the intention to bind it to Venezuela's national currency - Bolivar.

So, sounds very serious. I have no doubt that they will do it soon. Because the president of this country is extremely enthusiastic about the idea of national cryptocurrency because he considers it might help its country's economy growth.

They should bind it with some magic spell, something that probably only Morgoth is able to cast

The Bolivar is in a free fall any cryptocurrency that is tied to that would have to add a digit everyday.
The way things go you will even need an additional HDD just to store the zeros for your coins.

Maduro is insane/mad/stupid, pick any and add two hundred more, his solution for hunger was to tell people to grow rabbits in their apartments, solution for energy shortage? stop using hair dryers.
Help the economic growth? You mean stop the shrinking !!!!

No centralized coin will save it, not even a decentralized one, the problems there are so deep you might just start everything once more from the stone age.