Bitcoin Forum

seriously,
this is borderline stupid.
one currency-  bitcoin, litecoin etc - universal
nationalistic currency seems like going back to stupid pointless ideals.
bitcoin is doing something of making 1 currency, universal why put up unnecessary barriers or requirements by making currencies/property based on nationalities.

opposite of progress

um, because there are fools with money that can be separated from it quite easily?

Totally agreed. Well.. after the "success" of Aurora coin, some people have been trying to scam people's money by launching a national/regional coin.

This is exactly the case of HongKongCoin (a Mainland Chinese coin).  >:(

Check this thread out for why HongKongCoin is a SCAM!
https://bitcointalk.org/index.php?topic=523292.0 (https://bitcointalk.org/index.php?topic=523292.0)

If you don't expect overseas cables and other Internet-sharing mediums to continue, whether in the event of censorship at source points, an EMP-heavy WW3, or some other situation, it's possible to see some benefits to having national "sub-coins," where Bitcoin remains the International standard, but where these coins can pick up where BTC left off in case of catastrophe - especially on islands. It's super-easy to convert bitcoins to altcoins and vice versa, so - at least from a super-paranoid perspective - I see it as something definitely not worth fighting merely on the basis that they're supposedly geographically- or politically-restricted. As for buying them, though - I wouldn't because I don't hoard bottlecaps in case of nuclear apocalypse, either.

I like the idea of PlanetDollar, it aims to distribute to everyone. Currently implemented with Facebook, but I'm sure there could be other implementations (vkontakte, etc.)