Quote from: toleng on December 06, 2014, 07:52:57 PM

Quote from: botany on December 06, 2014, 12:23:59 PM

Quote from: Intermatic on December 06, 2014, 12:20:03 PM

...what changes would need to be made?

Cryptocurrencies are terribly unstable and volatile, how would this be addressed?
What other barriers may need addressing?

You would have to issue physical bitcoins backed by a reserve.
This is the only way to have bitcoins used for day to day transactions.

With respect, I'd have to decree this statement to be nothing other than Hogwash. Jking.. Just wanted to use the word hogwash

Why would they need to use physical coins? And why would the coins need to be backed by a reserve?

wouldn't that turn a decentralized currency into one that is bastardized just like the USD?

digital is the way forward friend. lets not take 10 steps backwards into the darkages here

Quote from: botany on December 06, 2014, 12:23:59 PM

I think only a country with large surplus and substantial assets would be able to do this.
They can protect their citizens from volatility to a certain extent.

Well, you should try buying a hotdog off a vendor of the street without physical coins and see.
Then you would get an idea.

If it is backed by a reserve of bitcoins, then you know that all the government can't issue physical coins at will and that there is some control on inflation.