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Author Topic: The first country to fully adopt bitcoin will be....  (Read 2778 times)
xingqiaoyin
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August 04, 2014, 04:11:36 AM
 #41

If any country will ever fully adopt bitcoin it will probably be a very small country. I think a country would probably rather experiment with their own form of digital currency than bitcoin, but I'm not sure if bitcoin would be a safe experiment to use with current volataility.

i think it's already happening. iceland has their own cryptocurrency: auroracoin. http://motherboard.vice.com/blog/in-one-month-everyone-in-iceland-will-own-cryptocurrency

IIRC that is a one-sided agenda and their goverment is against it.
harrymmmm
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August 04, 2014, 04:29:18 AM
 #42

I wouldn't completely rule out Scotland, if:
1) they vote for independence
2) they can't use the GBP as they now do
3) they can't/won't change to EUR

Long shot, of course.

jbreher
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August 04, 2014, 04:42:12 AM
 #43

i think it's already happening. iceland has their own cryptocurrency: auroracoin. http://motherboard.vice.com/blog/in-one-month-everyone-in-iceland-will-own-cryptocurrency

I don't think the non-adoption of Auroracoin is anything like a country adopting a crypto. Coinmarketcap tells me that the entire market cap of Auroracoin is << 300 BTC. Meanwhile, Finland's GDP is about $250Billiion USD. Nope.

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Night Owl
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August 05, 2014, 02:28:24 AM
 #44

No country will ever adopt BTC, but I could see a country starting their own crypto, where they have overall control and can fork whenever they need to.
jaberwock
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August 05, 2014, 02:45:21 AM
 #45

would need to be a country with high internet usage and small population.

Not Israel, because there are traditional Jews that probably don't use internet, and all the war paranoia may make them decline to use an internet based currency

Maybe Andorra or Luxemburgo?

Mobius
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August 05, 2014, 06:03:56 AM
 #46

If any country will ever fully adopt bitcoin it will probably be a very small country. I think a country would probably rather experiment with their own form of digital currency than bitcoin, but I'm not sure if bitcoin would be a safe experiment to use with current volataility.

i think it's already happening. iceland has their own cryptocurrency: auroracoin. http://motherboard.vice.com/blog/in-one-month-everyone-in-iceland-will-own-cryptocurrency
Iceland got the auroacoin via an airdrop that horribly failed. After the airdrop the price fell like a rock. This kind of rollout is almost certain to fail as anyone that gets something for nothing like this will have a big incentive to sell it for fiat instead of use it as a currency.
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