Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
Skinnkavaj
on 04/09/2014, 16:23:17 UTC
Sounds like AnonyMint is a tinfoil hat if he is suggesting that a centralized crypto currency like Equadors state currency, will over take Bitcoin.

Regardless of what AnonyMint actually suggests, I wonder if you have a point with Ecuador.  Suppose, in some possible world differing greatly from reported plans, that Ecuador's Central Bank clones Bitcoin Core and modifies it slightly so that the Central Bank is the sole mint which can mine the digital currency. Furthermore, in this possible world, Ecuador retires its dependence on the US dollar and mandates the new digital currency as legal tender.

Are you talking about some modified version of Bitcoin that works the same way as Bitcoin but is mined and controlled solely by Equador government?
Who would support that? Do you think any government would want to give up power to Equador?

The government is all about having control, they could run their own Bitcoin and force people to use it. But who would support THAT government? The rest of the world wouldn't care about it and the truth to the Equador people would get out there as long as we have the internet for communication.

In the long term anything that is controlled by one or few people, would not be supported by the rest of the crowd.