Bitcoin Forum

City Liberstad in norway has decided to use bitcoin as primary currency.They have said they would accept bitcoin for land sold in presale.They have even planned to give discounts to customers who pay in bitcoins for their services.It seems bitcoin moving towards its golden era of recognition.

Without solving the block size problem  is possible?  ???

This a really a great news. We shall see more countries following this trend and adopting bitcoins within their countries. Can we have the source of this important News ?

first of all, what problem? lol
you mean the spam attack that has been ended for a while? or the fact that fees went up?

second of all if we assume there is a problem with "block size" it doesn't matter when you buy land. you pay $1 fee for a $50,000 (or whatever the cost is in USD) transaction for example. do you see a problem here?

I find this comment to be example of biased perception. What is the problem here? Suddenly bitcoin is not good just because there is scaling war?

Bitcoin is still very much usable and solid cryptocurrency. Probably the best if you want to use it as payment method for luxury goods.
This project is accepting bitcoin as payment for for land sold through the presale, not groceries in local convenience store.
You don't have to 10 minutes confirmation time when you want to buy land worth more than couple thousand dollars. It will be totally fine.

Here is the link
      http://www.liberstad.com/buy-land-with-bitcoin.html
    
    A little piece of Freedom with Bitcoin.

Okey , I tought was talking about something like a bitcoin city, mea culpa my english level is regular.  :P

This is great news to hear buddy. Till now we heard the companies and individual persons who are top in the economy only started accepting bitcoins but this is good initialization one country and government. I think we can expect the price bump again due to this adoption from Norway government.

Just one land developer looking for free PR. But there 2 good reasons not to buy anything in Norway. First one is that it's an awfully cold place. To Americans, Norway is North of Quebec. My last time there was in Mid-April, and there was snow nearly everywhere. Second, Norway is a fascist country. It's impossible to live there without the government watching and controlling your every moves. Don't even think of doing anything anonymously in Norway. Credit cards are everywhere, and taxes are among the highest in the world. BTC wasn't invented to be successful in countries like Norway. BTC was invented to destroy countries like Norway.

One city in Norway is nothing, only if Norway as state will declare Bitcoin as primary currency, it is then important news. One city can declare, what they want, it is nothing in fact. And more possible Bitcoin will not be implemented in Norway or in any other country, because many people use simple paper cash.

I thought it was a private  city in Norway for Libertarians and not governed by the Norwegian government? I hope they can handle the "waiting"

periods for transaction confirmation with all the shit surrounding Bitcoin and scaling at the moment. I also saw something about this at

https://news.bitcoin.com/the-libertarian-city-liberstad-in-norway-is-moving-forward-using-bitcoin-as-primary-currency/  ;)

That's really an interesting and refreshing news for bitcoin users. We might see a great adoption within the year if these kinds of things happen more often. Though, it's kind of hard to imagine if people do use it now as there is still a lot of issues surrounding bitcoins right now with the BU and segwit war that is happening.

@Red Fish, the journey of 1,000 miles, start by a one step.

This is just the begining. It doen'nt matter if, this recognition is from a fraction city in Norway.
What's matter is that bitcoin is gradually gaining momentum 8)

Thanks
Bitcseo

It's very good news but I would like to hear more details about it.
For example, we know that each city in Norway have to follow laws in Norway.
We know that bitcoin is not official currency in Norway.
So, they can only use bitcoin as alternative way of payment, not official money, and on the end of day they will have to convert all bitcoin funds to local currency, and deposit to bank account.
I don't think that without new law any bank can legally accept bitcoin as official money.
Can you share more about this, please?
How they will solve all this legal issues?

I think it's really nice that countries start using bitcoin and realizing the huge potential it has!

I was actually looking for a source of the information before you came with this and I can say its been helpful. Although, I am happy that things are gradually moving in the right direction for bitcoin but the issue is concerning the city if the central government of federal government as the case may be will allow such. Over here., issue relating to currency are exclusively left to the federal government to decide and not the federating units whatsoever.

This thing requires a bit more nuance..

It is not an official Norwegian city or project. It is a private project where a company wants to start a city on current farming land. They want to encourage everybody to use bitcoin as primary currency.

It is definately not for everybody, even though the land price is very cheap (4 usd for a sqaure meter).

Amidst of all the chaos and uncertainty that happened in BTC these past days, this certain news somehow provided fresh outlook for the said cryptocurrency.  It would be very interesting if you could provide additional information about this. This is the first that I've heard about buying real estate using BTC. Hopefully, more of this deals will happen in the future.

Sounds good but is it realy possible? Maybe as equaly currency to fiat, that sounds feasible but Bitcoin as primary currency seems a bit like science fiction to me. Anyway, for final attitude about this more relevant information are needed although Norway is very progressive and open minded state so everything is possible.

This seems to be a good news for all the bitcoin users around the world. In the past liberland is the one which has accepted bitcoin as their major currency with primary acceptance. Now a name getting closer to it adopting bitcoin as primary currency as well accepting into property business is an added beauty. Because realtors is an huge money circulation business.

the title of this thread has misleading me because i thought the whole of norway has decide to accept bitcoin as the primary currency on that country but looks like only one city had admit it however this is good move and i wish there will be another country considering bitcoin as a part of the currency for their country

no he mean the scalability issue that is affecting bitcoin, or maybe you think that paying 50ks atoshi per transaction it's fine lol, it's a run to who pay more now, and who pay more get his tx prioritized, this is not good for bitcoin as a currency, if many other people start to use it like these liberland city, more unconfirmed transaction will get stuck, and this is not related to spam attack

Always good news for bitcoin from Norway. If this is really happening then this will be great experiment, we will see from them how bitcoin can improve current economy in little town. Isn't more logical for them to make their own coin to mine that coin or make some other way of distribution? In that way they will not have any problems with splitting, they can run the coin like they wish too.

wow, that's huge and worthy of commendation: they are following the footsteps of Arnhem Bitcoinstad- the Bitcoin city in the Netherlands. I think we need to see more of this where individual cities will start integrating Bitcoin into their payment systems.

How would they know if the money is clear or dirty? Aren't they gonna ask the source of the money? A drug dealer can easily come up with a story like "i bought it when costed dust and now im rich dawg"

Seems messy. Still a good step in the right direction.

I think this is impressive, if our respective cities all over the world start adopting Bitcoin one after the other I think it will globalize Bitcoin usage and worldwide adoption of this coin would be realized in no time. I commend what's happening in Norway and we hope to see more cities replicate that in the near future.

Don't worry about this because these transactions are very high (by volume) and are very rare to happen because of the overall value that is being transferred.


When the give discounts then bitcoin in this way gets more popular and I like their idea, but if they are selling lands then we should think that these are big money which is hard to purchase bitcoin directly and without any high fee and by providing different verification (providing documents... to exchanges) and then to purchase with these bitcoin the land.

This is a great news indeed but this does not cover all of norway and definitely not a primary currency.  They are just accepting it just like online stores.  It thought some government had accepted Bitcoin as their primary currency.  Title seems misleading but well this is a good news.  More merchant for Bitcoin means more support to the currency.

This is a pretty good progress for bitcoin as countries started noticing it's value as a real money even though i thought that the whole city of norway  started accepting it but overall it's great for bitcoin. It is only a matter of time until bitcoin is used globally.
Now all we need to do is solve the bitcoin scaling problem for bitcoin to continue innovating in many years to come that's if the community could unite and make a decision whether to have a fork or chose between BU or core devs.

I think in norway still use Krone(NOK) in primary curency
maybe about bitcoin in primary curency only use in online not real life and not international payment in norway

It is these kinds of comments that deserved to be ignored in this forum. The news is a welcome one but it is very far from bringing the golden era of recognition. That city is not even known around the world. What they are trying to do over there is trying to bring some recognition for the city by accepting Bitcoin.

hopefully this into something good for the development of bitcoin in the present and future
perhaps with the endorsement of governments to give legal force to this bitcoin will definitely make bitcoin as a second currency after the real currency

sound great, according news.Bitcoin article they had two payment methods which Bitcoin and their own currencies, so I wonder City Liberstad is the first City/Country which accepting bitcoin as payment, personally I doubt that will be succesfull

I dont think thats a good idea. Primary currency? You mean national currency? Bitcoin as a primary currency is a bad idea. It could be a disaster in their economy. Imagine how bad their economy is, if they do that. We know bitcoin could easily crash. So to think that they use it as their primary currency, very bad idea. Its not stable.

Do not take the news seriously. It is kind of a joke. Remember Liberland? It is almost the same thing as that. I believe it might be one weird individual lobbying to make Bitcoin the primary currency for their city. I suspect he is holding a lot of coins. ;D

I think the case of Norway is just like a big experiment of bitcoin adoption. And if the system will work good with bitcoin I think other countries will follow that strategy as well.

i agree but it is always like this, there is small portion of a country accepting bitcoin and people go nuts. although i have to say it is good to see a new adoption, and a real usage for bitcoin in the real world despite all this drama that is circling in the bitcoin community.

It's a great news, where did you read the information anyway? It would be helpful if you could share a useful link to us.
That is a great achievement and it will help the publicity of bitcoin if it will be featured in international news. I was just curious, what would happen to their original currency then?

Sounds like that they are starting to saturate their place to give people familiarization of how to use bitcoin to their country. Nice opportunity that can be consider to those people who will avail to use it as currency which is bitcoin as payment procedures.

This is one of the best news I have read today. Now just out of sheer curiosity, since Bitcoin is anonymous, can this happen: Mr x a person of other country purchases, Bitcoins and transfers to Mr Y who is a resident there and if he purchases it, will the transaction be yet legal. As Bitcoins cannot be traced back. I like the move, but wanted to know if it leads to such issue won't Bitcoin suffer a negative impact. Plus won't the local bodies and agencies suffer as they won't receive any tax from the sale.

I agree that is what I thought too.  Maybe this is some kind of clickbait lol which is effective since it got my attention.  Anyway it is still a good news that some company is accepting Bitcoin as mode of payment.  More companies like this is needed to be able to increase Bitcoin stability and demand.

I am not too sure about what you mean by Norway considering it as a primary currency, what happened to the local currency and will they use bitcoin as a parallel currency. It is good to hear that countries are allowing bitcoin as a parallel currency and hope more countries would accept those changes.

Yeah It is quite misleading or sensationalized but it is a good signal for Norway and to the world where bitcoin is gaining acceptance and becoming mainstream.Also, in developing countries, bitcoin is becoming popular also like in Africa and Asia.

You are saying it is a primary currency, right? Well it is not, the primary currency in Norway is kroner, it is not Bitcoin, bitcoin can be a secondary currency but not a primary. When you say primary they are not accepted in stores or as payment, but they are using it as their money everyday. You said it yourself, they are "ACCEPTING".

This will be great if this is true.
For sure many country will follow with this movement.
We hope bitcoin will mark good in Norway to provide good impression to some other government and be inspired to use it as currency too.

That's actually a great initiative, I hope other EU countries can follow it in some way so the whole world will also consider it.
I hope there will be no controversy regarding this and everything happens smoothly, because many would be looking at it as an example, so if this worked out to be a success, bravo for bitcoin. 

Giving a declaration in one place was a big factor to all bitcoin enthusiast. Like what I read in this forum, this is a big news which is I agreed. Even me in my country I want to educate people about in bitcoin, how to use it, explain the features of bitcoin etc. Where I am planning to start with subdivision a kind of free seminars about in bitcoin, something like that. ;)

Bitcoin’s nature or say the core of it makes it impossible to identify its owner means you can steal someone else’s private key and they can’t do anything about it, and the anonymity behind bitcoin may provide the perfect cover and the best way for fraud and money laundry and other illegal financial transactions but that is what is happening with fiat and people always find a way to cover their traces so there is no fear about bitcoin’s reputation.

Now the reason why I think bitcoin is popular in Norway is because in Norway they have to pay a ridicules tax on revenue which is 16% or so and using bitcoin as an income makes them avoid paying it, but I think making a law against receiving fund from unknow sources may break down this idea.

I really doubt that they will be able to form an actual country, this sounds a bit like the whole Liberland story, which I also don't see succeeding very soon.
Liberstad is currently still Norway, right? The fact that they accept Bitcoin, doesn't really mean anything.

Also, anarchism as the form of 'governance'? I wonder how that would work  ::)

Norway is listed among the happiest countries in the world. It is evident to hear the news and using it as primart currency would push the country to a new level .except landselling price i expect the use to be more biggee when online retailers accept it .

I think no, because today bitcoin is not suitable for as primary currency
especially bitcoin be used for little transaction (buy something use bitcoin
with price under one dollar) , but it is good for big transaction because
the fees is more cheap than things will be bought.

Is there any articles that state that Bitcoin is the primary currency of choice? I think that only a small portion of the people in Norway accept the currency and that makes a big difference.
Bitcoin is pretty sketchy to use as a currency because the price goes in all kinds of directions whenever BitcoinWisdom is opened up in the browser. If the people in the small parts of Norway want to be the tester of Bitcoin then we'll watch what happens.

interested to know if there is too. its going to be on different bitcoin related blogs if this is really declared. and can make its price rise up again. but since it didn't i guess this isn't something really official. while its possible, it has to be on the news.  my Norwegian friend doesn't know anything about bitcoin though so if this is going to be a prime currency, they'd have to spread the word about bitcoin in their ciountry.

is this really happen in that city? if its true then i think its a good news for bitcoin user in every where because there are one new city in norway that accepting bitcoin and i think the other city will be follow with liberstad and people will use bitcoin for their daily life. i hope in future, we can see many place that will accept bitcoin and i think citizen of liberstad will be happy too because finally they can use bitcoin as a free stuff to buy something.

For sure, if this is true and it proves that bitcoin is a good choice to be currency, then there will be countries that will follow it and be its primary currency too.