Reply to post: Why?

Ecuador follows Bitcoin ban with digi-currency proposal

Anonymous Coward
Anonymous Coward


Just because it is decentralized and something that others can mine, if it is only used for transactions in Ecuador, what is the reason those outside Ecuador should want to use it?

Bitcoin reached critical mass mainly because it was first, and the vast majority of the hundreds of imitators are not worth the electricity consumed to mine them. Why would Ecuador's currency be any different?

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