Post
Topic
Board Bitcoin Discussion
Re: Could Scotland’s currency be bitcoin?
by
johncarpe64
on 18/09/2014, 17:02:32 UTC
No it would not be possible. The economy of scottland is in the trillions of dollars, while the market cap of bitcoin is under 10 billion dollars. This is simply not feasible.

Also if scottland were to use bitcoin as a currency then the price of bitcoin would go up so quickly that there would be too great of incentives to attack the network verses the costs to attack the network that bitcoin would be destined to fail.