> The first country that wises up to bitcoin, starts investing in mining and other bitcoin infrastructure in a big way, and legitimises its mainstream usage as a currency, is going to reap tremendous benefits.
Like what? Being tied to a deflationary currency? Being unable to influence their own monetary supply? Tying the buying power of its citizens to the computational ability to hash numbers really quickly?
Seriously, what benefits possibly favor this approach over creation of an e-currency that the central bank has control over?
Like what? Being tied to a deflationary currency? Being unable to influence their own monetary supply? Tying the buying power of its citizens to the computational ability to hash numbers really quickly?
Seriously, what benefits possibly favor this approach over creation of an e-currency that the central bank has control over?