Quote from: t1Zona on February 21, 2018, 03:38:37 PM

Useless coin. No sense for crypto local coins. In a global world you can choose between bitcoin or other altcoins, but to be the coin of a place is to be close mind. Can you imagine if all the regions in the world did the same? The Basque coin, the Scottish coin, Dutch coin, the Benetto Coin, the Texas Coin, the Rhode Island coin, the Tíbet Coin, New Scotland coin..., thousands of useless shitcoins.

Useless comment. Can you imagine if all of the world desided to use Bitcoin? Then it would become impossible to pay anything, without spending thousands of dollars in fees, and it is impossible to actually fit all of the monetary transactions in a single blockchain. Also, its possible for other people in other places to accept the coin, but in real life, how many do you think accepts even Bitcoin or some of the big altcoins? There is a much bigger chance for succeeding with a local fiat currency, whether it is digital or physical.

Also, you seem to ignore the fact that there will always be local currencies. Mostly because they have a higher level of trust locally, but also because one size doesn't fit all globally. So, what works in Singapore, Bangalore and Florida, doesn't necessary fit the way you do business or handle monetary transactions in Johannesburg. Or Stockholm. Or (add more places)...

Imagine if you where using euros in Gambia, where a loaf of bread is around 0.15 EUR, and a 5 EUR bill could last up to a week. A montly salary can be around 50 EUR. It would require ridiculous amounts of cent coins, and the cost of producing these coins, handling them, transporting etc. would be astronomical. So, of course its smarter to have a local currency, as the buying power of individuals is really different depending on where you are located in the world.

And history clearly shows that only a few global currencies have ever existed that was not commodities, while thousand of traditional local currencies have existed for thousand of years (usually lasts around a century). So, do a little readup on the history of money and commodities before dumping shitcoin comments on whatever you haven't invested in.

Just my 2 satoshis anyway.

emlimited

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