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Title: Ecuador Digital Currency Post by: CryptoCurrencyInc.com on July 31, 2014, 05:34:36 PM Ecuador Digital Currency
http://www.cryptocoinsnews.com/news/ecuador-first-nation-create-digital-currency/2014/07/31 any thoughts? Title: Re: Ecuador Digital Currency Post by: cbeast on July 31, 2014, 05:39:48 PM It would make it easier to buy bitcoins.
Title: Re: Ecuador Digital Currency Post by: odolvlobo on July 31, 2014, 05:42:35 PM I applaud Ecuador's rejection of the dollar hegemony, but ecuatorianos should be aware of their government's true goal -- the ability to go deep into debt and never have to repay it.
Anyway, Ecuador's digital currency will have more in common with the U.S. dollar and Canada's dollar-backed MintChip than with Bitcoin. Title: Re: Ecuador Digital Currency Post by: joe 90 on July 31, 2014, 05:51:09 PM I never heard of Canada's dollar-backed MintChip. What is it?
Title: Re: Ecuador Digital Currency Post by: remotemass on July 31, 2014, 06:06:06 PM I never heard of Canada's dollar-backed MintChip. What is it? http://bitcoinmagazine.com/776/the-mintchip-the-canadian-governments-answer-to-bitcoin/ (http://bitcoinmagazine.com/776/the-mintchip-the-canadian-governments-answer-to-bitcoin/) Title: Re: Ecuador Digital Currency Post by: joe 90 on July 31, 2014, 06:14:46 PM I never heard of Canada's dollar-backed MintChip. What is it? http://bitcoinmagazine.com/776/the-mintchip-the-canadian-governments-answer-to-bitcoin/ (http://bitcoinmagazine.com/776/the-mintchip-the-canadian-governments-answer-to-bitcoin/) Thanks, the article says it's not as secure as bitcoin, but it looks very interesting. Title: Re: Ecuador Digital Currency Post by: EvilDave on July 31, 2014, 06:52:26 PM Mintchips issues are very obvious, though:
Closed source, hardware reliant, centralised, controlled by a central bank. Not really crypto as we know it, Jim. |