However, Dalzell says the unknown verification system of cryptocurrency — unlike legacy financial institutions — may undermine the value of money if used in Scotland.
So the author is implying that verification systems on Bitcoin are worse than the ones on regular banking? I wonder where on Bitcoin has he seen money evaporating mysteriously...
But having a national currency backed by Bitcoin in some way (as an asset along with other assets like gold), would be cool.
Not sure of this... The idea isn't bad, but we'd risk going into that country coin craze again...
Don't get too excited, we see stuff like this all the time that leads to nothing. Remember the capital controls in Greece, it was supposed to be bullish for bitcoin but nothing happened.
I don't think Greece's issues were supposed to be bullish on Bitcoin... It's more like "big whales were supposed to be bulish after what's happened on Greece"