Quote from: devphp on September 04, 2014, 01:40:39 PM

Quote from: AnonyMint on September 04, 2014, 01:34:05 PM

...nation-states to adopt their own digital currencies.

And what does that change? Most developed nations already use digital currency, as most payments are in electronic form. How does this affect crypto currencies though, which are stateless? Care to explain?

Quote from: Skinnkavaj on September 04, 2014, 03:55:55 PM

Sounds like AnonyMint is a tinfoil hat if he is suggesting that a centralized crypto currency like Equadors state currency, will over take Bitcoin.

Currently about 6 billion people in the world still use cash. They are the future, because they have:

1. The youth.
2. Not the retirees.
3. Not the debt.
4. Not the massive social system, taxes, and unfunded liabilities.
5. Not the destroyed family unit and reproduction.

What they adopt is what rules the world.

Already in Hong Kong, most everyone swipes a digital card to pay most transactions. I was there in January 2014.

India recently started to move towards adopting a digital currency and digital tagging of all the population.

The model predicts the financial capital of the world will shift to Shanghai and the developing world.

http://armstrongeconomics.com/2014/08/05/the-shift-from-west-to-the-east/

Now fuck off with your nonsense, ill-informed, Butthurtcoin posts.

The window of opportunity is closing while you all stroke your useless (bankrupt) Caucasian pride.

Butthurtcoin is pushing the nation-states to adopt their own national digital currencies, while Butthurtcoin is scaling too slow to be a ubiquitous replacement. And Butthurtcoin is failing and falling under control of a rich boys club.

Quote from: Skinnkavaj on September 04, 2014, 04:23:17 PM

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.

You are so naive. The people in the developing world could give a rats ass about our idealism and problems with bloated socialism. They don't have high taxes, bloated social systems.

They need to get paid to buy food. They will accept payment in what ever they are paid with. They are already adopting oDesk which they can withdraw with their ATM card. The governments will plug their digital currencies into this.