30 Aug '14, 3pm

Dominica Bitcoin Drop Could Inspire or Repel

Dominica Bitcoin Drop Could Inspire or Repel

The Bitcoin drop in Dominica could inspire other countries that want to stabilize their inflatory rates. But what makes such an initiative a success? Last week news got out that Dominica will be the first nation in the world to use Bitcoin as an official currency. Even though Dominica can hardly be called a big country, it still is a big step for cryptocurrencies in general. For all we know, children will be learning about this small country in future history and economics lessons as the nation that helped pave the way for worldwide Bitcoin adoption . Whatever the future may hold, it’s worth to take a look at some other places that could benefit from Bitcoin as well. The ‘Let the Bit Drop’ event (that’s what the Dominicans are calling it) will take place on March 14, 2015, at 9:26am. Clever people will notice that this is the number Pi, encoded in time. At this particular ...

Full article: http://www.cryptocoinsnews.com/news/dominica-bitcoin-drop...

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