Phillppine Gov't to Study Bitcoin for Backed Money -- Opportunity for Bitshares?

[Gentso1]

My take on this is that once the bureaucracy realizes it will not have the capability to control the delegates, it's gonna move on. What they will try to make is a sort of closed off blockchain that only banks can run full nodes for. I don't think there's any chance they'd ever go with a truly decentralized system.

Your right in that this will be a hurdle but if we pitch to them the idea of a user created asset they will have control over their on asset. Don't get me wrong I would prefer they use bitUSD but I would be happy if they used the platform in anyway.

[xeroc]

If the banks are doing their job well (or better than others) I will be fine with them ... until they screw things up .. as with any other delegate ..

it doesn't matter HOW the delegate runs (if you are fine with the party getting the money) .. as long as the rules are followed.
Sure .. people might see a problem sending their fees towards banks .. especially once, we "killed the banks" ;-) (joking)

[Rune]

My take on this is that once the bureaucracy realizes it will not have the capability to control the delegates, it's gonna move on. What they will try to make is a sort of closed off blockchain that only banks can run full nodes for. I don't think there's any chance they'd ever go with a truly decentralized system.

[xeroc]

I've emailed the representative that presented the bill a few links.

http://5thdistrictpangasinan.com/contact-us/

+5% for the initiative!!

[hpenvy]

I've emailed the representative that presented the bill a few links.

http://5thdistrictpangasinan.com/contact-us/

[hpenvy]

http://www.coindesk.com/philippines-government-consider-bitcoin-e-peso/