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RE: Why I Left Canada and Became A Citizen of the Dominican Republic

in #money8 years ago (edited)

I am looking forward to my conversation with them on getting rid of their central bank and instituting bitcoin and Steem as their national currency

I don't think Steem is anywhere stable and well proven enough to be a national currency. Bitcoin on the other hand would be more credible. Calling that a "national currency" would be a paradox though. You'd get 80% of the benefit, and 20% of the hassle by simply having them accept Bitcoin as legal tender, alongside whatever they currently accept as legal tender. Much less disruptive. Much less work for them. And much less risk and responsibility if things don't work as well as planned. And it's also more ancap in spirit to compete with incumbant currencies (and crush them, no doubt about that) than trying to get a state-sponsored monopoly.