A Free Currency for a Free Scotland: a New Coin Takes on British Pound
Temple Melville, Scotcoin’s majority holder, discusses the future of a cryptocurrency designed for the Scottish people. In late 2015, a major pub in Glasgow started accepting Scotcoin payments for pints. Scotcoin, a cryptocurrency created by Derek Nisbet, meant to serve as a currency for Scotland as an alternative to the British Pound, rose into prominence before Scotland’s referendum for independence from the United Kingdom. Rather than fading away after the “no” vote, Scotcoin has continued to rise in the cryptocurrency charts since. CoinTelegraph spoke to Temple Melville, majority....
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Although Scotland has yet to vote whether or not to secede from the United Kingdom, pundits have already begun debating how an independent Scotland should structure its society - specifically its monetary policy. Theorists have noted that, if the Scots vote "yes" on the independence referendum, Scotland could prove a perfect testing ground for large-scale bitcoin implementation. Naysayers argue that free banking systems are unsustainable, pointing to the so-called "free banking" era in 18th and 19th century Scotland. Consequently, if Scotland's independence vote passes and bitcoin becomes....
A year on from the national referendum where Scotland rejected independence from the UK - leaving the pound sterling to continue as its national currency, a member of Parliament from the Scottish National Party (SNP) issued a rallying call to his party and the country to begin experimenting with digital currency. George Kerevan, MP for East Lothian and a member of the SNP called for the country to start experimenting with digital currency and spoke about the British pound not being "the be-all and end-all," insisting that a new digital currency could help Scotland reach beyond its reliance....
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When Scotland was contemplating seceding from the United Kingdom, some citizens put forward proposals that an independent Scotland should adopt bitcoin-or another cryptocurrency such as the Scotland-themed Scotcoin-as its national currency. However, Scotland voted down the independence referendum, meaning that Scotland will remain in the United Kingdom and retain the British Pound as legal currency. Once this became clear from the polls in the days leading up to the vote, the Scotcoin price dropped. However, despite its decline, the Scotcoin price has avoided collapse. Scotcoin Price....