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RE: South Africa joins the party
Exactly. And as the government over there destroys the Rand, the flight to safety will begin in mass.
Also, as the government kills off major economic producer (the Boer), the Rand will continue its decline.
I'm not taking sides on the issue of SA politics. But it's not hard to predict that if you kill off part of your economic engine, your currency will pay the price for it.
I wonder if this "sandbox" test is partially to see if they should adopt some form of virtual currency in it's place?! ;)
I doubt the government is that strategic.
The Afrikaner, on the other hand, has figured out Bitcoin is usable. They're already on YouTube talking about it.