Re: Ecuador: The First Country to make it's own CrytoCurrency

is this good or bad for bitcoin? i'm not really sure.

It just doesn't make any sense, fiat has already existed mostly in digital form for years, and what they say they will create is definitely not Bitcoin-like. Ignore it, it's just noise.

maybe it's a 100% premine Wink

like nxt...

Yes, I thought something like premined cryptocoin could be used as official government cryptocoin. Obviously at start government owns all coins so they can slowly sell and release more and more coins for people to use.

They could just exchange the crypto coins for their local currency at a fixed rate, and say that the local fiat currency will no longer be accepted after "x" date. This is how the Euro was distributed.