Post
Topic
Board Economics
Re: How to strengthen a country's currency?
by
Swordsoffreedom
on 22/06/2014, 02:56:02 UTC
I would really like to know the best way to strengthen a country's currency.
Increase in it's import or export?
Please share some good ideas.

Back it with bitcoins.


That is an interesting idea unlike gold and silver reserves a Bitcoin address is publicly verifiable and accessible
As long as individuals know the Bitcoin address they can see that their is a reserve available.

I am not certain if that would give Bitcoin an official currency status though which may raise a few legal issues but it is a unique approach that a digital economy provides

Verified reserves visible to all and secure from attack seems like a win win win.