Topic: Political coin = PetroDollar, what precedent is this setting? (Read 80 times)
I think it is just the same thing as creating a fiat currency via your country's reserves. It most likely doesn't do anything special besides maybe making it a bit more secure (who knows).
Is this the foundation being laid for more federal cryptocurrencies? I believe this is coming but will it be a good or bad thing? I believe if governments are in control of their own crypto then it can be corrupted just like the fiat system has been. If they do enter the space then they should be open source and decentralized if there is a way for centralized nations to do such a thing. I feel that this would be undermining what Nakamota had in mind when he created BTC. Let's see how this develops, thought or opinions on what else will come down the pipeline of nation coins?
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