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Launching a crypto to compete against Euro sounds bizarre for a country that needs to reinforce its European membership against the Russian threat. They need to
by logronoide 9y ago
Launching a crypto to compete against Euro sounds bizarre for a country that needs to reinforce its European membership against the Russian threat. They need to be as close as possible to the core of the EU.
But I really like the idea of a community estcoin to boost the adoption of the e-residence and all the services around. A very interesting side effect of an ICO is how the buyers become instantly in evangelist of the service/solution provided by the company backing the offering. I think the 'community effect' is key for a successful ICO, that's why I like offerings like https://www.tutellus.io https://www.tutellus.io for example.
- Falkens_Maze 9y ago> Launching a crypto to compete against Euro sounds bizarre When did they specifically say Estcoin was to be used as a currency? An ICO just requires you to issue a token[1]. [1] https://theethereum.wiki/w/index.php/ERC20_Token_Standard https://theethereum.wiki/w/index.php/ERC20_Token_Standard
- logronoide 9y ago> Much of the criticism of estcoin was based on the fact that Estonia simply can’t start its own cryptocurrency even if it wanted to. Estonia’s only currency is the euro and this is an essential feature of our EU membership, which we are proud to have. No one here is interested in changing that. If you read the first news about estcoin they used the term 'cryptocurrency', now the use 'crypto token'.
- pests 9y agoSo they took feedback, made logical changes to their plan based on that feedback... and we should fault them for this?
- Dylan16807 9y agoWhen the change is more or less just the name, yes.
- pests 9y agoThe feedback was literally about the name. How else do you change the name without... changing it?
- Dylan16807 9y agoWhen the feedback is "hey you can't make a currency", that is not feedback about the name, and changing the name is a questionable fix at best.
- mrwong 9y agoSo they have to choose between kneeing before the EU or kneeing before Russia. What glorious prosperity this EU is.
- nivertech 9y agoDon't confuse bitshaming with evangelism.
- stale2002 9y agoNot everybody believed in the mission of an ever closer union. Some countries want to take their sovereignty back. Sneakily creating their own currency could be step 1.
- mvid 9y agoEstonia is absolutely not one of those countries.
- stale2002 9y agoSeeing as they are creating their own currency, it looks like they ARE one of those countries who care about taking back their sovereignty. Or at least, they care in the area of having their own currency. This is not all or nothing. It is perfectly possible that they are fine with some regulations and want to take back control in other areas, as they seem to be doing here.