Bitcoin Forum

Why liberland chose Bitcoins as there national currency?
Liberland is a micro-nation that got established this year in April.
They had better options(Euro,dollars) but why bitcoins?
Are they trying to prove something?
P.S There have been rumors saying"Satoshi Nakamoto will be declared as the PM of liberland"  :D

Lol! I don't agree that the euro would've been a better option given the current situation.

If they were to choose the euro or us dollar, then they would be at the whim of their respective central banks. The european central bank could print lots of euro and crash the euros price, in essence they would be under their control if they did that. The only way a nation like liberland could remain free would need to have its own currency or use one that isn't issued by a central authority.

Euro is complete shit and that has been proved on a national level. The US dollar is already controlled by a central authority and using centralized currency would get them to stay on a leash. Bitcoin as a national currency could be the best possible decision but Satoshi as prime minister is a rumor hahaha.

Despite the eurozone scandal, I wouldn't call it complete shit, but yes it is barely nothing in comparison of bitcoin. As the country is small in size, it is wise for them to choose the bitcoin currency. The adoption and trade in market also increase due to this. ALTHOUGH, Satoshi as Prime minister? HAHAHAHA. Oh god, where do you guys all this kind of fake rumors?!

it make sense for them to choose something new that is decentralized, as a currency and not corrupted fiat money that are owned by another authority, since they nation is called "Liberland"

being a micro country, I think it is good to have a currency which is decentralized. having bitcoin as their currency would help them citizens save money from those greedy banksters who charge shit load of money in the name of transaction fees and all that. Btc is going to grow and I am happy about this. Satoshi as PM, hahaha

Yeah yeah its all cool to have bitcoin as your currency until its insanely crazy price fluctuations screw thing up for the whole nation. It might make sense for them as they are just a micro country but for a huge nation like china or India, fluctuation of huge amount might end and destroy lives of so many. THis shit matters, y'know.

Yeah, I do understand that heavy price changes can really screw things up for a huge country or a continent. I think it is wise for this country as it is really small in size. And if Satoshi does become Prime minister, it'd be fucking awesome lol

I don't think Liberland has any Bank,it is small country with only 7 members! And occupies only 3 sq mi
This micronation was created by some members of a Czech political party and they were Bitcoin enthusiast.

haha, I don't know about members but it is only 7 squares meter. This is what wikipedia says about them: 'The free nation of Liberland is a self proclaiming micro nation claiming a parcel of land on the western bank of the Danube river between Croatia and Serbia, sharing a land border with the former. It was proclaimed on 13 April 2015 by Czech libertarian politician and activist Vít Jedlička'. I am glad the activists were bitcoin enthusiasts ;)

Well the Liberland president Vít Jedlička has been arrested by Croatian police for illegally crossing the border of the Republic of Croatia outside border crossing. It's maybe a good news to us which a "country" accept bitcoin as the nation currency. If you are interested to be a citizen in Liberland, then you can register here https://liberland.org/en/request/

well you can fight instability and volatility only with adoption, but if no one want to start to adopt bitcoin, then we are in a blind spot...

so ironically if a great power like china america will start to use bitcoin to a great extent, the volatility will be reduced greatly

Yes, but we all know the chances of such an event happening is relatively less for now. US and China have been competing with each other regarding currency. US dollar is a global currency at the moment and China wants to replace it and get that authority and power but it is not possible for them at the moment regardless how powerful their currency is, because people have already adopted the dollar currency so well. They don't want change :( education is required regarding bitcoins to the masses, I feel.

Your description of post answers your questions itself. They chose bitcoin because they were bitcoin fanatics, they chose bitcoin because it wouldn't affect their economy as their economy is small (affect in case of price change) and they are a micro nation. I appreciate their love for bitcoin and it would great to see bigger countries slowly adopt bitcoin too. FUCK DA CENTRALIZED SYSTEM!

I think they are not building a country, but it just a community of bitcoin fanatics. Its hard for big countries to adopt bitcoin, which the government only legalized it. They still prefer to fiat than bitcoin as the currency, because like you said, its centralized system, so they have full control on fiat. In bitcoin, the government can't do anything to control it.

There has been no diplomatic recognition of Liberland by any country from the United Nations as per the Wikipedia. Beware, it could be a large scam if anyone trying to enter into Liberland for job purposes.

lol,I don't think this country offers any employment.The only work they need to get done is Political  ;D

Is Liberland actually a thing beyond some PR stunt? last time I checked that's what it looked like.
I guess they used it because well, what other options they have that are better than Bitcoin if you wanted to create a brand new country?

They could gave gone with dollars and than digitalise it.Just the same way as ecaudor did it.
Sweden too has digital currency but it is not sponsored by the state.

Liberland is still a thing? I thought it was more of an announcement than anything. Did anyone actually move there?

Either way the micronation is too irrelevant to have much effect on the nature of Bitcoin.

it was never an announcement or a joke, it does exist, but i can't think how a nation so small can protect itself from thieves and stuff like that when they have not even police there

and while it's true that they cannot impact the bitcoin price so much , what is really matter is that they could start a chain of new mini nation adopting bitcoin in the future, this is the important aspect of it

Yeah, I can't see a legit reason for them to build a country any way. They have no fucking future plans or agendas personally which do not involve bitcoin lol. But considering that they are the first one to adopt decentralized system of currency, I am happy and hope this country expands even more. The more trade, the better for the bitcoin community lol ;)

If they think they can call 7 people living on a land, a god damn country, you think they are worried about police? Don't worry about thieves, they have all of their money on their bitcoin wallets do the thieves don't have any fiat money to steal anyway. No worries in the criminal department I guess, most peaceful country in this world :P

Totally agree, guess Liberland wants to live up to it's name. We need to applaud its guts to embrace it totally and free itself from decentralized currency. Bitcoins seems to be easy to access and the best part is it side tracks the authority of these governmental bodies who for their vested interests play golf with public money. Scoundrels!

You can actually applaud all of its population in person too, as its not much than 7-8 people :P Yeah, its a nice move by them bitcoin enthusiasts, what would really take a different turn would be to see them lads expand their country and build a real economy. I wish it turns out to be more than just a publicity scheme and actually becomes a real thing y'know.

If I were Liberland I would allow the use of Bitcoin for import export but also create my own parallel digital currency with a finite amount of coins which would really boost the economy because being a digital currency of one country it would enable locals to be encouraged to save more which would drive up the price as well.

And then, what will they do after build a country? Are they planning to build the shops that accept bitcoin too? They are just 7 people, and their president is being arrested by Croatia police. Do we need a passport if we want to visit the country?

"Liberland" does not have a population of 7.
It has a population of 0 by any meaningful standard.
It is not a nation.
It does not possess any territory whatsoever, not 3 sq mi, not a single sq ft, nothing.
It does not have a government.
It does not have an economy.
It does not have a currency.
It's a joke like all those self-proclaimed micro nations.
Please stop even dreaming about such nonsense.

uhm that's the point of that joke nation...

they also recieved 20k applications , i've read that they are 50 people for now

their currency is bitcoin apaprently, at least they said so

Micro nations are fun projects. As is the naming of stars, the sale of lunar property or the sale of "Lord" titles in Scotland.
Whatever "they" (in fact a guy and his girlfriend) say, is irrelevant to the question of whether "Liberland" is a nation or not.

If Liberland has a new Hitler than this micronation can occupy the whole Globe  ;D
Of course they cant create there own army and start a World War 3
But they have a full potential to declare a Cyber War.
7km2 is enough to hold thousands of Supercomputers and Hackers(Crackers  :P)

They have potential to do that, but I don't know exactly if they have build some infrastructures there or not yet. About cyber war, why the hackers should go to Liberland since they can do what they want everywhere with their computers. There is nothing that can make them be interested to join in that country.

Hey guys, I was at the Liberland Settlement Association Headquarters recently and can say there are significant steps being made with both Serbia and Croatia toward recognition. Also there are South American countries who are on board and ready to recognize Liberland and will do so in a coordinated manner.

Furthermore, I can't say for sure, but there is a rumor going around that there would be a Liberland PoS coin, and that they would be linked to passports in some way. Idk how that would work though.

A liberland PoS coin? Liberland is on its micro-nation bullshit zone, making its own rules and regulations like a boss, leading an anarchy of 50 people expanding their country from 7 people to 50 :P Proud of them, atleast they are repping bitcoin proudly, using it as the national currency at the moment, that's awesome :D

There can be million of reasons but I think because the only resident of Liberland is a bitcoiner. He loves bitcoin, cannot create a Central Bank (beyond the fact that this is very boring for him) to produce its currency and vuala. We have bitcoin. No one can stop me to adopt it as a national currency. Is produced by everyone in the world, can be found without problem in every moment and it is a good money (in this way is told). I'm wondering how he do to buy its bread.