Post
Topic
Board Economics
Re: If a cryptocurrency were to replace a fiat national currency...
by
Q7
on 07/12/2014, 06:47:52 UTC
...what changes would need to be made?

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

Technically I don't how that could be made possible. currency of a nation is tied up to the state of economy, natural resources, political stability and things like that. if based on crypto concept where everyone could mine and own a portion or a share of a country, what would that mean? If a country is at civil war or experiencing trade deficit or in a state whereby the natural resources have completely depleted, would that value get reflected in the crypto coin??? Certain concept of distribution has to be worked out but definitely not POW