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Topic: How does a country fully adopt Bitcoin? - page 7. (Read 5557 times)

legendary
Activity: 1834
Merit: 1019
July 25, 2013, 12:07:15 AM
#1
Do they say hey, we're exchanging all our fiat for a lump sum in BTC? They couldn't because what would the BTC sellers use the fiat for? What steps would a country have to take to fully adopt Bitcoin as the primary trade medium?  I'm a bit iffy on the process though.

I'd deduce that once an area uses accepts bitcoin as local commerce and only charges bitcoin to export their own products, that bitcoin will truly and naturally make it by virtue of networking effects. But how will a state fully adopt bitcoin for its country?
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