Topic: Scottish Independence: Is Bitcoin the Solution to Currency Problems? - page 2. (Read 1881 times)
May 13, 2014, 06:22:11 PM
Seems to risky and dramatic change
May 13, 2014, 04:21:45 PM
As a supporter of the cryptocurrency idea I actually don't think there's any reason to ever switch to cryptocurrencies at a level this high.
There are good reasons for both and both should exist.
And fractional reserve banking _does_ have it's eligibility.
They do need to do their economic calculations though. Just like any government.
Even thinking about big steps before having any sense of realism established is .. well typically goverment style..
There are good reasons for both and both should exist.
And fractional reserve banking _does_ have it's eligibility.
They do need to do their economic calculations though. Just like any government.
Even thinking about big steps before having any sense of realism established is .. well typically goverment style..
May 13, 2014, 04:10:00 PM
Anyone asking this question, or taking the proposition seriously, hasn't understood why there is a currency problem for an independent Scotland.
They will need to borrow, and do so heavily as a proportion of GDP, in order to offer the services and state benefits they think they can afford.
They will need to borrow, and do so heavily as a proportion of GDP, in order to offer the services and state benefits they think they can afford.
May 13, 2014, 04:00:25 PM
SNP bringing BTC into the Independance debate would be political suicide.
Plus, I don't think that at this stage it would be viable anyhow - not by a long long way.
The BTC revolution will be a multilateral, grassroots and rapidly snowballing kind of a revolution I reckon.
Plus, I don't think that at this stage it would be viable anyhow - not by a long long way.
The BTC revolution will be a multilateral, grassroots and rapidly snowballing kind of a revolution I reckon.
May 13, 2014, 01:54:10 PM
Scottish Independence: Is Bitcoin the Solution to Currency Problems?
http://www.ibtimes.co.uk/scottish-independence-bitcoin-solution-currency-problems-1448294
http://www.ibtimes.co.uk/scottish-independence-bitcoin-solution-currency-problems-1448294
No.
May 13, 2014, 01:53:04 PM
If Scotland adopted bitcoin their population would explode. Even I with my pitifully small amount of bitcoin would love the idea of living in a bitcoin only economy.
May 13, 2014, 11:47:42 AM
bitcoin will make the government accountable for every dollar, instead of printing to abandon
banks will have less controll of scottish government as they cant print and give money to the government
banks will have less controll of scottish government as they cant print and give money to the government
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May 13, 2014, 11:27:35 AM
Quote
A Scottish retailer will only use bitcoin for three days this week in a bid to test out whether the cryptocurrency has the potential to take over from pound as the country's new currency in the event of independence.
CeX, the second-hand electronics, DVD and video game store, has turned its Glasgow Sauchiehall store into a "pound-free zone" for the next three days, only accepting bitcoin as payment for any good bought - as well as only paying customers in bitcoin.
CeX, the second-hand electronics, DVD and video game store, has turned its Glasgow Sauchiehall store into a "pound-free zone" for the next three days, only accepting bitcoin as payment for any good bought - as well as only paying customers in bitcoin.
Jeeze, I didn't know they were going completely cashless, just that they'd started accepting and paying in bitcoin. At first I thought it'd be a terrible idea for business accepting only bitcoin, but they do have an ATM in store, so customers can use that, but still, will most be arsed to?
As for Scotland using as a currency? Too early for that sort of risky leap.
May 13, 2014, 11:21:53 AM
Scottish Independence: Is Bitcoin the Solution to Currency Problems?
http://www.ibtimes.co.uk/scottish-independence-bitcoin-solution-currency-problems-1448294
http://www.ibtimes.co.uk/scottish-independence-bitcoin-solution-currency-problems-1448294
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