Thanks for your insight Louis. I think there’s a difference to be made between a country porting its national currency on a blockchain via some central bank-managed peg and the actual adoption of a decentralized blockchain-based currency. The former opens the door to easy mobile and micro paiements for the existing national currency. The latter is more challenging as it could effectively remove the power of creating money from the state/banks "cartel". That would introduce many problems for the state and the current financial/banking system. The most likely outcome is a system of competing currencies where the debt-based, inflation-ridden sovereign currencies will have to compete with sounder decentralized cryptocurrencies. Nothing beats a free market. Time to end the state monopoly on currencies.
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