Ninjastic
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Re: Will the Scottish people choose Bitcoin rather than a "Scottish Pound"?
by
samcrypto
on 01/05/2019, 13:16:41 UTC
Quote from: James_CRYPTOSTAR.MONEY on April 30, 2019, 08:04:27 AM
The SNP voted to drop the British Pound after independence (they will have to win a referendum first). Will the Scottish people accept this or will they use Bitcoin?

https://cryptostar.money/blog/scots-want-to-abandon-the-pound-will-they-choose-bitcoin/

-- Update 1 May 2019 --
Thanks for lots of feedback. Lots of good points about currency independence and volitility. I have addressed them here.

https://cryptostar.money/blog/will-scotland-choose-bitcoin-part-an-academic-analysis/

TLDR: Small nations will often sacrifice currency independence. Bitcoin volatility will go down.
Bitcoin will not become their main option because it is not stable yet and there’s a lot of people there that still don’t know the importance of bitcoin. They must still look for a fiat money where they can have more liquidity, they’ve beel looking for it years ago i believe and yet they still refure to go for bitcoin.