Bitcoin Forum
October 18, 2019, 10:02:37 AM *
News: 10th anniversary art contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2014-08-19] USDcoin May Become Reality, Says Cryptolina Bitcoin Regulation Pane  (Read 798 times)
erono
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
August 19, 2014, 03:44:47 AM
 #1

http://www.cryptocoinsnews.com/news/usdcoin-may-become-reality-says-cryptolina-bitcoin-regulation-panel/2014/08/17

This weekend’s Cryptolina Bitcoin Expo sought to be the Carolinas’ “defining Bitcoin event.” The expo featured a diversity of presentations, which focused both on high-level Bitcoin theory and topics specific to cryptocurrency in the Carolinas. One of the more lively discussions took place during the Cryptolina Bitcoin Regulation Panel. The panelists discussed a variety of topics related to the government’s present and future role in the cryptocurrency industry, and several panel members suggested the United States government may try to implement its own fiat cryptocurrency – a USD coin.

1571392957
Hero Member
*
Offline Offline

Posts: 1571392957

View Profile Personal Message (Offline)

Ignore
1571392957
Reply with quote  #2

1571392957
Report to moderator
1571392957
Hero Member
*
Offline Offline

Posts: 1571392957

View Profile Personal Message (Offline)

Ignore
1571392957
Reply with quote  #2

1571392957
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
TraderTimm
Legendary
*
Offline Offline

Activity: 2394
Merit: 1066



View Profile
August 19, 2014, 02:01:42 PM
 #2

I doubt that the US Government would even dare try.

They already have their hands full trying to manage ballooning debts and dwindling tax revenues. Crypto may displace fiat, but it won't be because they welcomed it with open arms, that's for sure.

fortitudinem multis - catenum regit omnia
aigeezer
Legendary
*
Offline Offline

Activity: 1444
Merit: 1013


Cryptanalyst castrated by his government, 1952


View Profile
August 19, 2014, 02:56:23 PM
 #3

Mint chip lite?       Wink
CryptInvest
Legendary
*
Offline Offline

Activity: 1848
Merit: 1109


View Profile
August 19, 2014, 05:27:02 PM
 #4

May be easier to just make the state a fork with 100% Amero premine and and the possibility of additional issue? Grin
bitbouillion
Sr. Member
****
Offline Offline

Activity: 870
Merit: 250



View Profile
August 19, 2014, 06:03:54 PM
 #5

and several panel members suggested the United States government may try to implement its own fiat cryptocurrency – a USD coin.

Technically possible, but

Bitcoin = decentralized, international, consensus currency
USD =  centralized, national, fiat currency

It's like integrating freedom of speech into a dictatorship. There will be not much left of the original idea.

On the other hand, with the USDCoin we don't need banks anymore to convert USDCoins into Bitcoins and vice versa, just send your USDCoins to the exchange and receive Bitcoins. You can do it even step by step in small amounts to reduce the risks.

bitcool
Legendary
*
Offline Offline

Activity: 1441
Merit: 1000

Live and enjoy experiments


View Profile
August 19, 2014, 09:21:37 PM
 #6

Yep, try to issue a 100% PoS coin with unknown annual new coins creation rate. Good luck with that.
 
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!