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The Malaysian Patriot
Drew Binsky
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Comments by "The Malaysian Patriot" (@themalaysianpatriot3099) on "" video.
And Alipay.
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That would be a bad idea.
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@ragulms20 Central banking is already good, why would we need to adopt cryptocurrency which is decentralized?
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@ragulms20 Which is why I support the idea of adopting a digital currency, and btw the only reason Zimbabwe was in this situation is because of the government's incompetence, if you look at every successful countries you would find that none of them ever used cryptocurrency as their sole currency, their official currencies are all issued directly by the central bank. Using cryptocurrency will only make things worse due to it's volatility being unstable, not to mentioned the Bitcoin crash whereby Bitcoin lost a lot of value due tot he fact that no one controls Bitcoin so there is no one to defend it's value.
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@ragulms20 Zimbabwe and Venezuela are both ruled by incompetent governments, oh and btw, do you know that Bitcoin is link to the stock market? When China banned it;s citizens from mining Bitcoin guess what happens? The Bitcoin value has dropped significantly. Also, it's not up to you to predict that since it isn't happening. You also apparently ignored my point about cryptocurrencies being unstable due to their values going up and down. And besides, digital currency will have the same value as fiat money, making it easy to use for everyday people. Cryptocurrency can never be stable because there is no organization to defend it's value, so therefore if we all adopt cryptocurrencies and the price dropped, say goodbye to the world economy.
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So in other words, EcoCash works exactly like a digital wallet would.
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