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I agree. I think government sponsorship of adoption infrastructure is exciting for exactly that reason. Plus as I think you infer this represents a gateway into other cryptocurrencies. The low price of Steem in this scenario may be more blessing then curse. But time will tell.

This also makes me want to investigate how Monaco Coin is doing and any other state sponsored coins.

I have a feeling that the state coins are testing to see how they behave in the wild.