Ausbit to replace AUD

[bitkilo]

I very much doubt this will happen, although i will research it now until this article i had never even heard of Ausbit and they say it may take over the Australian dollar within 10 years.
http://cointelegraph.com/news/113615/anu-professor-ausbit-not-bitcoin-will-replace-cash-in-australia-within-10-years

[ajareselde]

I very much doubt this will happen, although i will research it now until this article i had never even heard of Ausbit and they say it may take over the Australian dollar within 10 years.
http://cointelegraph.com/news/113615/anu-professor-ausbit-not-bitcoin-will-replace-cash-in-australia-within-10-years

If that happens it would be just another attempts to create bitcoin clone, and it would be a bad one. If every country creates their coin, it doesnt make sence, it would be like it is today, it would be centraly controled, manipulated and just bad.
Bitcoin idea was created on thought of freedom and being beyond borders and countries, same for everyone, and it doesnt surprise me that people want to copy it, but that just prooves that they missed the general idea.

cheers

[kelsey]

so much dumb this thread, that link 

gotta love this quote;

“In 10 years’ time there won’t be any paper cash. The big question is what’s going to replace it in Australia? Will it be Bitcoin? I don’t think so. More likely it will be ‘AusBit’[…].”

ummmm

there isn't any PAPER cash in Australia now and hasn't been for years noobs.

[bitkilo]

^^ haha thats great, there hasn't been any paper cash here for years your right!
I missed that myself and i'm from Australia.

[ShintoshiBTC]

I very much doubt this will happen, although i will research it now until this article i had never even heard of Ausbit and they say it may take over the Australian dollar within 10 years.
http://cointelegraph.com/news/113615/anu-professor-ausbit-not-bitcoin-will-replace-cash-in-australia-within-10-years

We still don't about that.
Let us just wait what move will the AU government will do involving bitcoin and AUD.

[Monetizer]

Another attempted knock of on bitcoin I assume? It is good to see people warming up to the idea of spending and using a digital currency.

[j.jaymes]

This seems like lofty goal. I thinks that replacing any standard monetary system is very difficult to do. Just remember how hard Euro had to work to get widespread use.