Country specific coins / Auroracoin Spaincoin etc

[jrretirement]

Questions as I'm just curious.

Country specific coins, ie Auroracoin what will happen when the only people with these are in Iceland? 

Is it their intent to replace fiat in their country?

And if they did this wouldn't this just be like fiat anyway?

Are foreigners investing in these country specific coins just feeding the local economy?

[MicroGuy]

Questions as I'm just curious.

Country specific coins, ie Auroracoin what will happen when the only people with these are in Iceland? 

Is it their intent to replace fiat in their country?

And if they did this wouldn't this just be like fiat anyway?

Are foreigners investing in these country specific coins just feeding the local economy?

I think the popularity of these coins will be limited in much the same way ccTLDs are limited.

One of the main strengths of bitcoin and altcoins in general is their ability to transcend borders and facilitate global trade. Think gTLD.

[renodaret]

hey its microguy!

[lphelps]

Don't know to much about Spaincoin but I would highly suggest you research out Auroracoin.

It's not possible for a rational human being not to see that scam coming.


~BCX~

You are a scam....