Topic: If a cryptocurrency were to replace a fiat national currency... - page 2. (Read 2419 times)
December 07, 2014, 12:24:23 AM
It has to be Bitcoin. The world would have been so much better.
December 06, 2014, 11:38:14 PM
Cryptocurrencies are terribly unstable and volatile, how would this be addressed?
What other barriers may need addressing?
Cryptocurrencies will not replace fiat until they are no longer unstable. This kind of volatility is not able to be addressed economically What other barriers may need addressing?
December 06, 2014, 07:44:16 PM
...what changes would need to be made?
Cryptocurrencies are terribly unstable and volatile, how would this be addressed?
What other barriers may need addressing?
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.
I think only a country with large surplus and substantial assets would be able to do this.
They can protect their citizens from volatility to a certain extent.
December 06, 2014, 07:31:37 PM
When the cryptocurrency system is robust and extensive, ppl recognize the benefits by adopting it and the merchants tend to price their provided goods and service in bitcoin, it is the time the price of bitcoin will stable without consideration the inflation factor of fiat.
December 06, 2014, 02:52:57 PM
...what changes would need to be made?
Cryptocurrencies are terribly unstable and volatile, how would this be addressed?
What other barriers may need addressing?
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.
With respect, I'd have to decree this statement to be nothing other than Hogwash. Jking.. Just wanted to use the word hogwash
Why would they need to use physical coins? And why would the coins need to be backed by a reserve?
wouldn't that turn a decentralized currency into one that is bastardized just like the USD?
digital is the way forward friend. lets not take 10 steps backwards into the darkages here
I think only a country with large surplus and substantial assets would be able to do this.
They can protect their citizens from volatility to a certain extent.
They can protect their citizens from volatility to a certain extent.
If an entire nation were to adopt bitcoin, then so much money would flow into bitcoin that you wouldn't know what to do. This alone will stabilize the currency. With respect, the citizens don't need to be "protected" by anyone. That is some defect that has been implanted into your mind by your western government.
We don't need protection sir
December 06, 2014, 07:23:59 AM
...what changes would need to be made?
Cryptocurrencies are terribly unstable and volatile, how would this be addressed?
What other barriers may need addressing?
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.
I think only a country with large surplus and substantial assets would be able to do this.
They can protect their citizens from volatility to a certain extent.
December 06, 2014, 07:20:03 AM
...what changes would need to be made?
Cryptocurrencies are terribly unstable and volatile, how would this be addressed?
What other barriers may need addressing?
Cryptocurrencies are terribly unstable and volatile, how would this be addressed?
What other barriers may need addressing?
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