Bitcoin Forum
February 21, 2018, 01:55:44 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Should Ecuador be legally allowed to create their own digital currency?  (Read 1486 times)
Marlo Stanfield
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250



View Profile
September 01, 2014, 06:27:00 PM
 #21

I find it a bit laughable that the general reaction from the bitcoin community is disgust at the fact that a country is attempting to modernize its currency system.

Although it's not too surprising considering anything that remotely goes against Bitcoin is viewed with utter disdain. That includes altcoins of course.

1519221344
Hero Member
*
Offline Offline

Posts: 1519221344

View Profile Personal Message (Offline)

Ignore
1519221344
Reply with quote  #2

1519221344
Report to moderator
1519221344
Hero Member
*
Offline Offline

Posts: 1519221344

View Profile Personal Message (Offline)

Ignore
1519221344
Reply with quote  #2

1519221344
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Lauda
Legendary
*
Offline Offline

Activity: 1764
Merit: 1440


GUNBOT Licenses -15% with ref. code 'GrumpyKitty'


View Profile WWW
September 01, 2014, 06:36:10 PM
 #22

Well if it should and should not be is discussable. The question if you could stop them legally? Not really.
I would stop them. What they are creating isn't even a real digital currency, nor do we need one that is centralized by them.

.
▀ ▀ ▀▀▀
                 ▄█▄
         ▄▄      ███
         ▀██▄    ███
      ▄▄▄▄▄███▄  ███
   ▄███████████▀ ███
 ▄███▀    ▄██▀   ███
▄███     ██▀     ███
███              ███
███              ███
███▄            ▄███
 ███▄          ▄███
  ▀███▄▄▄▄▄▄▄▄███▀
    ▀▀████████▀


          ██                            ██               ▄▄
          ██                            ██               ▀▀
          ██                            ██     ▄▄
  ▄██████▄██    ▄██████▄      ▄██████▄  ██   ▄██▀        ██    ▄██████▄
▄██▀    ▀███  ▄██▀    ▀██▄  ▄██▀    ▀▀  ██ ▄██▀          ██  ▄██▀    ▀██▄
██        ██  ██        ██  ██          █████▄           ██  ██        ██
██        ██  ██        ██  ██          ██▀▀██▄          ██  ██        ██
▀██▄    ▄██▀  ▀██▄    ▄██▀  ▀██▄    ▄▄  ██   ▀██▄   ▄▄▄  ██  ▀██▄    ▄██▀
  ▀██████▀      ▀██████▀      ▀██████▀  ██     ▀██  ███  ██    ▀██████▀

▬▬   WHITEPAPER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
..........FACEBOOK        TWITTER        TELEGRAM..........
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬   ANN THREAD   ▬▬
.

instacalm
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


View Profile WWW
September 01, 2014, 06:48:27 PM
 #23

don't get me wrong i'm not suggesting we bomb Ecuador or anything like that, I think we are a long way from there, but certainly sanctions could persuade them?

what? lol

so you say bomb?

it's the wrong thing to do straight away i think.

Ecuador can create whatever digital currency it wants, it's not yours or my business Wink

Isn't there some sort of international law that would make this sort of thing illegal?
No
Marlo Stanfield
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250



View Profile
September 01, 2014, 07:34:27 PM
 #24

Well if it should and should not be is discussable. The question if you could stop them legally? Not really.
I would stop them. What they are creating isn't even a real digital currency, nor do we need one that is centralized by them.

They're digitizing their own money. So what?

Who is 'we'? Are you from Ecuador?

Why shouldn't they upgrade their monetary system to something more efficient than cash?

wobble
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
September 01, 2014, 07:40:21 PM
 #25

Shit coin devs have flooded the market with hundreds of shit coins and nobody stopped them. If nobody can stop the shit coins devs then nobody can stop Ecuador. On top of that Ecuador might actually produce a coin that's not shit.
counter
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


Time is on our side, yes it is!


View Profile
September 02, 2014, 03:46:02 AM
 #26

Ofcourse they should be allowed to, that is like asking should BTC be allowed to exist, no?  I say more power to them but best to improve upon the foundation Bitcoin has laid out.  I think it could be a good way to generate money to their economy and can't blame them for trying it out.
rgm108
Sr. Member
****
Offline Offline

Activity: 278
Merit: 250



View Profile
September 02, 2014, 10:06:13 AM
 #27

Ofcourse they should be allowed to, that is like asking should BTC be allowed to exist, no?  I say more power to them but best to improve upon the foundation Bitcoin has laid out.  I think it could be a good way to generate money to their economy and can't blame them for trying it out.

This looks like a step in the in the right direction...

Question: Wouldn't there be a legal issue if they use Bitcoin tech (particularly blockchain tech) and not keep it open source? How would the open source license be enforced?

SPECTRE                ▄▄███▄▄
            ▄▄███▀▀▀▀▀███▄▄
▄▄      ▄▄███▀▀ ▄▄███▄▄ ▀▀███▄▄      ▄▄
████▄▄  ▀▀▀ ▄▄███████████▄▄ ▀▀▀  ▄▄████
  ▀▀████▄    ▀▀█████████▀▀    ▄████▀▀
 ██▄▄ ▀██ █▄▄    ▀▀▀▀▀    ▄▄█ ██▀ ▄▄██
 ▀▀███ ██ █████▄       ▄█████ ██ ███▀▀
     ██ ███████▄   ▄███████ ██
       ██ ████████   ████████ ██
       ██▄▄ ▀▀████   ████▀▀ ▄▄██
        ▀▀███▄▄ ▀▀   ▀▀ ▄▄███▀▀
            ▀▀███▄▄▄▄▄███▀▀
                ▀▀███▀▀
            │
     │      ███
     │      ███
    │    ███
███  │    ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
▬▬     WHITEPAPER    ▬▬
FACEBOOK     TELEGRAM
TWITTER     SLACK     MEDIUM
.
PRE-SALE.
PUBLIC SALE.
murraypaul
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


View Profile
September 02, 2014, 10:59:09 AM
 #28

Ofcourse they should be allowed to, that is like asking should BTC be allowed to exist, no?  I say more power to them but best to improve upon the foundation Bitcoin has laid out.  I think it could be a good way to generate money to their economy and can't blame them for trying it out.

This looks like a step in the in the right direction...

Question: Wouldn't there be a legal issue if they use Bitcoin tech (particularly blockchain tech) and not keep it open source? How would the open source license be enforced?

No.
Bitcoin is licensed under the MIT License, which does not require sharing of derived source code:

https://github.com/bitcoin/bitcoin/blob/master/COPYING
Quote
Copyright (c) 2009-2014 Bitcoin Developers

Permission is hereby granted, free of charge, to any person obtaining a copy
of this software and associated documentation files (the "Software"), to deal
in the Software without restriction, including without limitation the rights
to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
copies of the Software, and to permit persons to whom the Software is
furnished to do so, subject to the following conditions:

The above copyright notice and this permission notice shall be included in
all copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN
THE SOFTWARE.


If the only library is closed source, then there's a project to make an open source one.

If the only library is GPL, then there's a project to make a non-GPL one.

If the best library is MIT, Boost, new-BSD or public domain, then we can stop re-writing it.

I don't question that GPL is a good license for operating systems, especially since non-GPL code is allowed to interface with the OS.  For smaller projects, I think the fear of a closed-source takeover is overdone.

BTC: 16TgAGdiTSsTWSsBDphebNJCFr1NT78xFW
SRC: scefi1XMhq91n3oF5FrE3HqddVvvCZP9KB
chowderman
Full Member
***
Offline Offline

Activity: 134
Merit: 100


View Profile
September 02, 2014, 05:18:48 PM
 #29

So, what I am and I believe others with even a shred of reasoning in their brains is seeing, that all is fair in "Free-market society" unless it doesn't involve bitcoins or serve your specific interests in some way?

The entitlement some people display is Fucking unbelievable...
Winner
Legendary
*
Offline Offline

Activity: 1022
Merit: 1000


Gambling Investment Fund


View Profile
September 03, 2014, 05:13:38 AM
 #30

Maybe Ecuador will start something like cojacks

http://www.thedenverchannel.com/news/local-news/business-launching-new-colorado-currency-called-cojacks


GIFcoin




.
Gambling
Investment Fund
  Invest in a working business  .......        ✔︎ 
  80% of the net profits are shared .....      ✔︎ 
  Profit share token     ✔︎ 
Follow us & check out the .      whitepaper     .
.
Website    Announcement    Twitter    Telegram    Facebook
Pages: « 1 [2]  All
  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!