[2014-07-23] Top-down digital currency coming to Ecuador with ban on competition

[capa]

I wonder if this has anything to do with the fact that Julian Assange of wikileaks fame is currently holed up the Equadorian Embassy in London.

[BurtW]

There is only one thing that really matters here:  is this new form of USD "cash" going to be irreversible or reversible?

If reversible then is is just another form of debit card, nothing to see here.

If irreversible, now that would be fantastic!  Is would then be very easy to convert larger sums of USD to/from BTC and by banning the BTC they almost guarantee public interest in and higher prices for BTC.  It will be a thing o beauty to see a huge black market in this developed and thrive.