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Today's complacency is more dangerous since none of the euro's underlying problems — from yawning economic imbalances among the 16 nations using the currency to a lack of credible fiscal enforcement mechanisms — have been addressed.
Line has dodged the legal questions around token sales by not holding an ICO, and the fact it is using the currency to incentivize user engagement and activity isn't a huge surprise.
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"It seems like a logical step to use the currency to pay for movies," he said.
Even as economists warned that the ruble would fall again a lot after the holidays, people continued to use the currency to negotiate salaries and apartment rentals.
Even as economists warned that the ruble would fall again — a lot — after the holidays, people continued to use the currency to negotiate salaries and apartment rentals.
The idea is for the 1.5 billion of the world's population living in extreme poverty to use the currency to build new houses, roads, schools and health clinics.
The euro zone's debt crisis is also forcing the 17 European Union countries that use the currency to integrate more closely in areas like banking, raising issues for member states outside the monetary union.
The use of Bitcoins has been slowly spilling from the online into the physical world - for example, it is now possible to use the currency to buy pizza.
The PBOC set the dollar/yuan mid-point at 6.3167 on Monday, stronger than Friday's 6.3209 and near the record-high fixing of 6.3165 on November 4. The yuan has appreciated 4.27percentt so far this year, with most of the gain being recorded in the first 10 months of the year as China tries to rebalance trade and use the currency to help fight high inflation.
Two of the 16 countries using the currency have had to be bailed out, despite the ban on such rescues in 1992's Maastricht treaty that created Europe's monetary union.
It is expected longer term that Chinese businesses operating in Zambia will start using the currency amongst themselves to reduce the amount of commission paid when changing from the Zambian kwacha via the US Dollar.
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