Post
Topic
Board Economics
Re: If a cryptocurrency were to replace a fiat national currency...
by
Sefton
on 08/12/2014, 18:29:53 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?

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.

Why would you? You can make physical bitcoins or paper wallets ie notes yourself.