Quote from: Beliathon on October 06, 2014, 08:33:42 PM

Quote from: David Latapie on October 06, 2014, 08:13:35 PM

Cryptofiat: governments (and megacorpo) recognize the usefulness of the blockchain tech but don't want to share the power of minting money with the world at large (Bitcoin) but want to keep tight control over it...

Please alert me when this FascismCoin hits the market, I'd sure love to divest my savings from bitcoin and dump them there. I'm sure I'm not the only one, either!

Roll Eyes

This is what I've been proposing for a long time. Basically it has the security, pseudonymity, and protection from counterfeiting of a cryptocurrency, but no speculative value because it is fiat and issued by a state. Basically it's a bitcoin premined coin backed by the treasury debt. It's also an ideal platform for a PoS coin.

Folks would trade bitcoins with other cryptofiat coin's. Governments would have the best of both worlds and bitcoin becomes the defacto reserve currency.