|
April 06, 2014, 01:10:46 PM |
|
A coin cannot be a national cryptocurrency if the dev has to distribute a premined amount of it at a much later date. If a cryptocurrency is to be adopted by a nation, then the people of that nation would have to be able to secure the blockchain on their own and protect it against external attacks (including pump and dumps). As such, a true national cryptocurrency would not be premined and simply be promoted to and mined primarily by the people of that country. Its equivalence rate with Bitcoin and fiat must be irrelevant until the coin is firmly established as a currency, since the people of that country should be trading it amongst themselves first before any external entity considers it a real currency.
|