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RE: What Happens To Government Owned Bitcoins?

in #bitcoin7 years ago

I heard somewhere that the Chinese government considered a proposal to buy 1 bitcoin to give to little villages, with the expectation of bitcoin rising over the next few years into hundreds of thousands of dollars. At that point, they'd use the bitcoin as collateral for loans etc, encouraging the whole town to thrive. I realize it sounds crazy, I think it was just a proposal but it's fascinating how many benefits there are to bitcoin over fiat.

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upvoted your on point bud