Topic: [2014-07-26] The Case for Merging Mexico’s Peso With Block Chain Technology (Read 696 times)
July 27, 2014, 02:32:38 PM
Wouldn't it be fascinating if some 2nd or 3rd world nation did ultimately take the lead on something like this? I suspect very quickly Mexico's economy would start improving drastically but I suspect there is far too much government corruption to allow anything like a truly decentralized currency to replace the Mexican Peso anytime soon. Here's to hoping I'm wrong (again)
July 27, 2014, 04:56:28 AM
http://www.coindesk.com/case-merging-mexicos-peso-block-chain-technology/
A developing plan in Mexico to create a digital peso could demonstrate the potential of bitcoin technology to the rest of the world, if it’s successful.
I highlighted the bad part :
Peso Digital would be the digital version of the country’s fiat currency, using block chain technology. Instead of one block chain, three would back the digital peso, each to fulfill a different need. It would be controlled by the Mexican central bank – making block chain technology legal technology – to strengthen the country’s democracy and transparency.
A developing plan in Mexico to create a digital peso could demonstrate the potential of bitcoin technology to the rest of the world, if it’s successful.
I highlighted the bad part :
Peso Digital would be the digital version of the country’s fiat currency, using block chain technology. Instead of one block chain, three would back the digital peso, each to fulfill a different need. It would be controlled by the Mexican central bank – making block chain technology legal technology – to strengthen the country’s democracy and transparency.
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