Hmmmmm interesting,

+ Increasing consumers/citizens access to funds give beneficial insights
for economic analysis.
Good attempt at "tightening ship." They want to count every penny.
Coolstorybro.

+I had no idea Ecuador used USD. That doesn't seem like something they'd be
too proud of.
So I think they brainstormed a way to stop using USD as the digital
currency's value/availability will be based on demand. Not contracts with
the Federal Reserve.

Smart move by Ecuador

I'm biased towards U.S. currency but it sounds like they don't want our
money.
I would expect them to embrace crypto currencies soon.

Hooray for technology!



On Sat, Aug 30, 2014 at 10:06 AM, Amir Taaki <genjix@???> wrote:

> http://phys.org/news/2014-08-ecuador-heralds-digital-currency.html
>
> Guys, I actually think this is pretty interesting. Rafael Correa has an
> economics background and an interesting personal history:
>
> https://en.wikipedia.org/wiki/Rafael_Correa#Early_life
>
> He's an advocate of economic sovereignty.
>
> Although I have mixed feelings about this which can be interpreted in
> multiple ways.
>
>
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