Bitcoin Forum

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

Every island out there is already controlled by a government, uninhabited or not - they will not allow you to just take over and build your own jurisdiction. You will still be subject to all the laws of the governing country, so cannot make your own laws. I think Sealand have gotten the closest to this idea, an offshore rig that offers hosting and other online services, along with "citizenship". If their closest neighbour wanted to take them over it could be done with ease.

Every country has their own law and so is the case with Bitcoin . Few countries have legalised it while some are I. Process of how to bring this under purview so that it can be monitored and legalised as well. How does it benefit economy and citizens of the country is also what government takes into consideration .

Yeah, normally every island is located somewhere that falls under the jurisdiction of some country. There are not many if any pieces of land which are not owned by a government, or have overriding rules for it. There are some private islands available that you can buy and as long as they don't infringe on or override any other laws, you can make any rules you want on your own property. But those private islands are ridiculously expensive. Your idea wouldn't work this way.

The idea in itself is not bad at all. In the same way that communism was a great political system - on paper.
The problem with making this idea works lies with execution and legal framework being weak points of this project.
What you want to create here is like hippie community and projects like these are very often ending very badly.

Conclusion:

Do I like the idea? Yes, very much.

Do I think it will succeed? No, it will be a disaster.

Who cares if bitcoin is declared legal or not in your country? I'm not using bitcoins because my government said it's OK I'm using it because I can make my own decisions with my own money.

The idea is good but the implementation is really really tough. Because most of the islands are controlled by the government. Even if the sell it to the group, they won't allow to introduce your own legalities there. The group will still have to act within their legal framework.

Also I believe, bitcoin is not really a good idea for transactions. It is really slow and transaction fees is also high which makes it an investor's currency. Personally I prefer to transact in fiat instead of bitcoin. Because bitcoin has got huge upside potential which makes it an attractive investment asset.

Yes you right. But remember one thing, when a country start to decide to make bitcoin as legal currency it will give bitcoin one step to become more popular and impact its increasing price.

Bitcoin is already legal in almost every country. Here's a list of Bitcoin's legality by Country: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory (https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory)

In some cases the Country hasn't formally declared Bitcoin legal but they don't declare it illegal, therefore it is legal.

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And I don't like the "piece of this island" idea. How do you split up an island by a million or more people? What do we do with our small plot of land? Nothing.

This is not a good idea, I'm sorry to say that. We live in a world where pirates and other bandits are still there. So to live on that island we'll need an army, weapons and stuff and that's not what we want at all, right?

Actually we already have an island in a way, this forum, and seeing how people fight with each other sometimes we can can imagine what life would be like on the island you proposed even if we had no other problems.

Novel idea but it will be very difficult to implement. Organising different folks from different backgrounds,  cultures and countries to come together to pull this off will be very very difficult. Unless there is some financial benefit for signing up to such a scheme, people wouldn't. And bitcoin has been adopted in some countries already, and more will follow shortly.

Making bitcoin is legal in any country makes the money evaluation in the pipeline more than what world bank do now. It will organize the each transaction with the tx id so there is no corruption will take place in the Government. If the corrupted people leave from the bitcoin then it will be legal in everywhere.

Ahh no. Even buying an uninhabited island from a country wouldn't work since no one would sell it to you and secondly, almost every island in this world is already under the sovereignty of a country. Besides, some countries are trying to put one step forward towards bitcoin legalization, one of which is Australia. Also by legalizing bitcoin means submitting yourself over to the government's control and you're allowed to use bitcoin under their mandates. Would you even like that?

Some country forbid bitcoin for security reason , for example for preventing them to using bitcoin for terorism funding.
Logically the reason is valid but all depend on their goverment to take the decision

The legalization of bitcoin at this time as it is highly expected by the entrepreneurs, because this I think is very profitable for various parties, in addition, of course there will be no more any kind of corruption, but everyone of course has a different thinking, it Just a little thought of me

In all respects the legalization of Bitcoin is very good things, but the fact is that every Bitcoin user will have to prepare to lose his independence. This means that every state that recognizes Bitcoin will demand payment of taxes from this income.

I'd love to see a Bitcoin country. There were similar project in the past, just look it up.
One of those projects was the Isle of Man, but it's still under a government's jurisdiction.
https://www.bloomberg.com/news/features/2015-09-07/isle-of-man-tax-haven-with-tailless-cats-becomes-bitcoin-hub

Like others have already said, you won't find an island that doesn't belong to someone. There are uninhabited islands, but the waters they are on belong to a country.

I'm having a hard time trying to understand why anyone would want a country with bitcoin as the main form of currency. As a really volatile coin, prices would raise and fall almost daily, as globalization made almost every single product international. Living in the island would be a really terrible experience, or just plainly impossible. It would make bitcoin a "real" currency... But that would change nothing on how things work today. It's a bad idea, in general.

I like the idea but wherever you go bitcoin anyone can use it regardless of the country's law, there will be people that will keep on using it.


I also like this idea that this island will be a bitcoin paradise where every transaction will be in bitcoin. But for sure there will be people hoarding and will pay for piece of that island. And of course since it is just an island, invasion is a risk.

The idea is terrible because it is not possible in the real work as every island comes under some country or the other so you really go and own something just like that and top of that you really cannot make rules over ruling the laws of that country,so it is an impossible task.

the idea of a island is just that, an idea, something like that would have worked of there was a country sized pice of land that no one currently occupied, witch doesn't exist. (except Antarctica but that's crazy talk) having every transaction in bitcoin would be a bit nutty too, imagine getting a cup of coffee in the morning with the transaction fees and time needed. bitcoin in its current state is better suited as a investment commodity or large transaction currency. anything commonplace is bit cumbersome. i would be glad to see improvements in this area. as now with the volatility you would see things like in some countries where someone gets their paycheck on payday and tells the spouse to go spend it that day in fear of loosing value. there are still things to work out with the island idea.

It will not happen, every single piece of land has an owner, and when a new piece of land emerges due to volcanic activity or something like that, a government will claim ownership of that land, so unfortunately it is not possible to do that at the moment.

Anyway that does not stop that somebody can buy an island or yes? The thing is maybe that you could not buy much on that island, perhaps the direct exchange of goods would give much better result on that island, but in any case there isn´t need to mix one thing with another, it's almost like saying legalize internet,
oh wait, was it ever oneday illegal? in any case could be try of "regulate" but depending on what or for whom,
only starting from there already represents a problem define it.

doesn't make sense , the legalization is done by a central authority and will help bitcoin getting more recognized or adopted, people also want to be controlled it seems...


well if it's not legal you can't use it without trouble, it would hinder adoption, and no one will buy it locally for example, altought you can still use it on the web for purchasing stuff abroad, outside of your country

Let society do it works because as time pass by the bitcoin will be accepted by every country don't force it, it will happen automatically and step by step for now bitcoin is still gaining popularity so let's just wait for the future what will happen.

Legalized usage will bring more users into the community. But the same will affect several unique features that bitcoin has got, and importantly the system becomes centralized and because of this surely it will loss the value it gained to certain extent.

Yes, there is true...even the remotest island and even those that may not be on the map yet are all claimed by a certain country. In fact, here in my region there are many countries vying for islands and they are so willing to die just to get even a very small one thinking that it can be a beacon of wealth within, under or just in its periphery.

Maybe what we can do is to colonize a planet...maybe in Mars there can be an abundance of real estate where Bitcoin can be an official currency without the interference of those in power. We are living in a greedy world where anything of value can worth of the fight that may ensued.

Soon even the very air we are breathing can be fought with blood and nails.

It seems that if bitcoin legality in a country can be realized there will be consequences of the government's enforced regulations on bitcoin, such as tax laws for example as well as security rules may be more assured if the government gives its legality to bitcoin.

In our country the bitcoin is now approved by the government. The bitcoin is now using in our daily payment. I feel happy about it because our life will become easier. I hope that in some country the bitcoin will approve by their government.

My first thought when I read the tittle, oh it may about how to support legalization of bitcoin in some countries. But lol, it's totally different compares to what Op mentioned above, to buy an island? You should change the title of your thread man.

There will be few people that might be interested, depends on the location of the island, idea to share it, how much it costs and for what purpose/benefits to collect bitcoin from many people to buy an island?
I won't invest obviously, the island may not so important for me in the future, except if the idea is really really good.

I like this idea, but I don't want the legalization of bitcoin. For me legalization will not change anything except that my government will be able to legally demand payment from me in taxes over transactions with bitcoin. I like the way it is.

It is an interesting idea, i do not deny that. But i do not think it is possible. That would mean making your own country which is hard, because even if you find an island to buy, that island would be part of some other country, and they would not agree with our new country making. But it is an interesting thing to think of. :D

You don't buy the Island, you buy the Government.. To get a cheap Gov, looking for a island in economic distress but with not to much debt, put the hard sell on them by saying if do not do something some about you're island , America banks will take it over & rape you're resources.

They will should say yes after that i would imagine     

Legalization of bitcoins would be a problem at this current stage now,since bitcoins has its weaknesses when it comes tobe being solid and having legalized by government which has a high regulations

The idea is a very good one but the issue of concern here is that we have all mortgaged our freedom to the institution called government. Because if we all agree that we want to have a property there, then how do we migrate considering the fact that leaving from a country to another involves owning a passport and to which country are we saying we are going to and how will government allow us leave out respective countries among other concerns.

I live in Ukraine and I am very pleased that the government starts to recognize the crypto currency and it seems that it is possible to use it without any problems and conduct financial transactions. The National Bank has already announced the possibility of creating its own crypto currency, while other commercial banks take upon themselves the right to sell and exchange bitcoins for different currencies.

I don't like these idea, it is just like you are saying that we need to be controlled by someone else. It is obvious to inhabit an island we need a leader, we need money to make that place work and that means we will live in the place where we use bitcoin and being taxed by the upper mans. Where is the freedom there? Where is the decentralization? Even the privacy is gone.

Bitcoin is now rising through its popularization in many states and nation. In that case of legalizing bitcoin, it may be depend upon the state because each state or nation have their own law and rules to follow. If the government see that bitcoin is a good way to lessen unemployed individuals, maybe they would accept to legalize it but with that matter when people learn that it will be easier to earn money in bitcoin than working physically, they would grab the opportunity on focusing in bitcoin and that will cause for the rise of unemployed men because they will retire and try up bitcoin.

Well said, bitcoin itself in this world have a big role and I think that is right no more changes need to be done because the bitcoin itself didn't make that king of idea because as soon as bitcoin gain more popularity many countries will going to adopt it as a mode of payment, So owning a new island is not a good idea.

If many people start using the crypto currency, then for their more confidence, legal assistance will be needed. Because a lot will arise questions that are still incomprehensible to the beginner. And To avoid bad consequences, you must first understand how you can protect such a person before legalizing the crypto currency.

If any government legalizes bitcoin it could attract more business and that is the only advantage it has because there is clarity regarding on the government will be dealing with crypto currency and here the OP wants to own an island and start regulating bitcoin.  :D No comments on that.

Op except the island is another planet if not if is on this planet earth the government control the island will send their army after you. Bitcoin is going to be legalized as far as it maintaining it scope as a pioneer crypto currencies.

It is possible that if bitcoin is legal in a country, there will be a change in bitcoin. Even with tax regulation of bitcoin.
This is a consequence of the bitcoin legality that follows the country's government regulations.

The point is that the legalization of Bitcoin is very topical today. A lot of states are already starting to create their own crypto currency, and therefore I have a question why, until now, I but the country are opposed to the legalization of the crypto currency.

Guns on every corner of the form you can find information about that each or almost every user says the legalization of Bitcoin. That's just I can not understand why so strong a desire to lose all of their virtues that give Bitcoin. You understand that the anonymity of Bitcoin and its users makes it possible to avoid paying taxes. What is very important is the last time when many countries and the government simply strangle the people with their taxation.

In most countries, bitcoin is nothing illegal, only the government does not recognise it as a currency. Infact there are a few countries like Japan who have officially accepted Bitcoins as a currency and in some countries it is accepted as a legal form of tender for trade.

Yeah that's a good future on bitcoin if it really be possible, but I don't think government will make it non taxable based on the government regulations those politicians will implement. The plans of legalization of bitcoin will take a long ways process and before that is going to be in reality, every business owners has the profitable earnings to determine and make sure to it the stability of digital currency price. It's so hard to think about this situation of legalization and I think some of thr government leader will be thinking out of the box and bitcoin is really prone to corruption.

if only those bigger countries around would accept bitcoin if what it is and serve its purpose as a currency i think the value would be huge and it can really help economy but government will make sure that it will be favored them whenever they will start regulating and accepting bitcoin from their country.

In other countries embraced cryptocurrency with an open mind. Just the government don't recognized it. For me, it's better to bitcoin be legalized because as a matter of fact it can help other unemployed people to have a job eventhough he/she is at home. If we're just open minded with it. It may be our future

This idea really doesn’t seem possible since every island out there is currently under the possession of a country. The idea sounds nice though, on paper, but it will be to hard to implement. The reason is: every country has different laws, some countries have legalised it and some countries haven’t even acknowledged it. It would also be way to hard to organise with people from different countries who might not even speak whatever language you speak. The idea seems very similar to a bitcoin paradise.
 
One more thing is, why would you use a currency that rises and falls for your daily needs? The prices of groceries  would change every day if not hour. The island would be way to hard to manage and laws would have to implemented also. In theory this idea sounds great, but in reality it seems to hard to implement and too many factors to consider.

Good idea but i think it is impossible to materialize! It because all countries are bounded by their own laws. That laws governing the policies used in their operation.

There are many country who have already fully adopted the bitcoin currency that is why i think legalization of country in the world is not that hard to achieved we need just wait to proved that bitcoin need to be legalized because of its stability.

Rightly pointed out, it is not illegal in most of the countries, the only thing is they do not accept it as a legal currency. But if they do recognize it as a currency and make it legal globally, then they will also try to control it, which will be a total massacre on the ease and anonymity of bitcoins.

Wait, I've read somewhere that there are some uninhabited islands in south pacific (not sure tho) that you can freely settle on if no one did before you, and also those things in the sea west of UK? That were used during the war, you can also buy those, they're for sale.

I do accept the fact that it gives us more options on what we do with our money and the freedom to make our living according to our choices, i am not in favor of a mad idea of OP,to get an island and make bitcoin legal,without all that madness governments all over will start accepting bitcoin and they will be legalizing it pretty soon.

Yes it is true for sure and good as well using a legal currency . making bitcoin is legal in any country makes the money evolution in the pipeline more then want world bank to now . it will organize the each transistor  with the id so there is no corruption will take place in the government . if the corruption people leave from the bitcoin then it will be legal in everywhere and its gonna be legal very soon so its really will be a good step.

Even if they're for sale that island is still in control of the government that is near it, which is UK you said so if they don't recognize bitcoin and make it legal, it is pointless. The legalization of bitcoin will just happen in due time if bitcoin will not be dethroned by other crypto in the next few decades. I like the idea of OP though but he can't create another country in a deserted island easily, OP's idea is too hard to do because a country near it won't allow it that easily.

Unique idea.
Too hard to do. Just look at the current development of almost many countries accept Bitcoin as an official payment. Such as India, Japan, China and Russia.
Think simple  ;D

1. To build a whole economy out of an uninhabited island sounds like an impossible feat to achieve at best, fantasy at worst. We do not need this at all because bitcoin functions without any form of regulation/central intervention. Even if it's outlawed, as long as bitcoin software is being run on computers, then the P2P network still exists. What would be the point of moving everyone to a remote island where food is scarce and no infrustructure is available?

2. Bitcoin is designed to be a way to transfer money over the internet, with minimal costs. Based on your ideas, this would be completely redundant to have bitcoin as everyone lives very close to each other, thus reducing the usefulness of bitcoin.

What we really need is an economic collapse, although that sounds almost sadistic it's true. We need people to stop having a false sense of security in fiats, and look for better, decentralized alternatives.

Extremely unique idea but unfortunately it's going to remain a dream...

Right now countries are not even willing to make sacrifices to make bitcoin legal. When they do make sacrifices it is not enough to allow people to freely trade their bitcoins for fiat currencies and vice versa, labelling the change useless. There are certain countries though that were able to come to a decision, for example, Japan and Australia are two prime examples that every other country in the world should follow. They made real changes that have a real impact on bitcoin users in their country.

The thing is, there are probably less than 1 million people using bitcoin. lets just say that only 2% of them is willing to give you money in return for this land. Firstly how are you going to obtain an island in the middle of nowhere? Obviously, how are you going to run your economy? How are you going to defend yourself? Why is this whole thing even necessary to get the rest of the world to legalize bitcoin? Think about all these questions.

In my opinion, the idea is not bad, but it is doomed to failure. All parts of the planet have long been distributed among states and are controlled, and this will already be a violation of rights.

You can buy an island but you cannot impose your own laws, you are still subject to the laws of the country that island belongs, you cannot try to create a country out of nowhere, believe me some have tried, look for the principality of sealand if you don’t believe me.

This is the existing problem why bitcoin can't be legit all around the world. Us, its supporters, need to know that bitcoin will not be a a legit system soon.

The governments don't like bitcoin and its uncontrallable features.

Governments all over the world will legalize bitcoin pretty soon,which means that they will bring in more rules and regulations on how things work with the exchanges and how people could send money and the restrictions imposed and so on,so what i feel is there will be more restrictions for bitcoin in the name of legalization.

Actually, bitcoin is a legal currency. I hink you are just pertaining for the government's support. Regarding that, they'll do it as time goes by. However, it's quite difficult to happen since it's decentralized that competes with fiat money in which government can regulated it.

There is not a single government body that is in favor of Bitcoin that doesn't also want to have a tight leash on what it is able to do, and making sure they get their share of taxes from it. It's just normal for them at this point. There is no way they do not want to have their hands all over whatever their citizens are using and they will always seek to be belligerent when it comes to something that does not comply.

We have long past the legal phase and we are currently in the acceptance phase with more and more countries starting to accept and regulate it. After that comes the support phase where I think some countries will support it and others won't.

I don't think bitcoin really competes with fiat but rather works well alongside it, at the end of the day it will never be a replacement for cold hard cash and some governments will realize that and actively support it others will remain skeptical.

I can't deny that they will do such things that you've just said above. Our government have regulate bitcoin, now if you're holding bitcoin or transaction with it, it can be taxed. They the government will try their best to control it even though they can't control it completely. Well is it just me or,,,, that i don't like legalization of the bitcoin it might be good for bitcoin adoption but i just love bitcoin being decentralized without intervention from the government.

Correct this should be seen as a process. Like a first part of a long chain. One government will accept it and the rest will follow it by time.

An alternative would be to buy a whole existing nation. There are several struggling Pacific microstates that are threatened with inundation by AGW and whose inhabitants already have the right of abode in another country. The idea would be to wait until most of the inhabitants had left, then offer the remaining ones $$$ to (a) amend their constitution to make NewCountry Inc. the sovereign, and (b) leave.

Actually the more people are using it the less volatile it becomes. More distribution = more stabilization. If a country started using it as a main currency, there would be 20 million people using it on a daily basis. That's 20 million more users who have to turn their savings into Bitcoin.
We'd have a sharp increase in price, a lot of new users that will receive their wages in Bitcoin, more stability in the market as new people won't be playing, they will be using it to buy stuff, which means they won't be dumping or reacting to dumps, as there will be nothing to dump into with no national fiat currency.

This is a good idea and more advance way of currency.
Since there are multiple redundant copies of the transactions database, no one can seize bitcoins. The most someone can do is force the user, by other means, to send the the bitcoins to someone else. This means that governments can’t freeze someone’s wealth, and thus users of Bitcoins will have complete freedom to do anything they want with their money. Sending and receiving Bitcoins requires users to keep the Bitcoin client running and connected to other nodes. Essentially, by using bitcoins users will be contributing to the network, and thus sharing the burden of authorizing transactions. Sharing this work greatly reduces transaction costs, and thus makes transaction costs negligible.

In my opinion it will take times to happen or maybe its impossible to legalized. All of country have a legal fiat and they have follow their own laws in implementing the adaptation of new currencies entering in their custody. The fact is bitcoin is hard to legalize because of status in economic growth of one country. The situation bitcoin can't contribute the economic system of one nation. Also bitcoin is anonymous and the used of this is through internet. Another thing is there are a lot of hindrances to legalized it and some country can't accept or adopt bitcoin.

True, you could buy an island however you could not still create your own law because you are still in the teritory of that county. I mean if that possible then there are many country sprouting now and every rich man have thier own country. Legalization of bitcoin in ones country is possible as long as the government will accept it.

Your opinion is impossible for me however the bitcoin can be adopted in the countries that is open for change and in upgrade if that is going to happen the bitcoin price will pump because that is a milestone for bitcoin and I think if that will happen in just one country many countries will be interested and make a move also.

Yes every country have their own rules to be follow. Legalization of bitcoin was depend on the government of one country. Before government accept bitcoin they look first on its advantages and disadvantages. if its help people or not. In my country bitcoin was still not legalized.

That's off the chart idea. You can't just hold any island out there as all of them will be ruled by next government present nearest to that land. For example if it is in western Pacific Ocean then it is most probably under the rules of USA while the islands in the eastern Pacific Ocean would be under the territory of India. So you go anywhere in the world you will have to face the legislation first to acquire that particular island. It is good idea but bitcoin is not that powerful to get you island as government should accept that particular currency that is bitcoin to let you buy it. It seems to be complex idea and may not be possible at this point.

I think thats impossible to be happen, due to all mountains, forest, river, and island are property of each government of the
nation. Unless you own that island and paid it in the goverment.

If they collected enough fund they can just buy these pieces of lands and own the rights on that property.  I do not think that this kind of thing will bring a violation of rights as long as all is processed in legal ways.  We do not need to barge in and say we own this land, we can just all act as a responsible law abiding adult and buy land that is owned by other people if they agree.

Every property comes under some form of government ,so it is an impossible task,OP is planning to build an entire township and have his rules imposed other than that what is the real use,if he is the sole habitat in that island,that does not make any sense either. :D There is no restrictions to use bitcoin so what is the problem now,he could accept bitcoin for his business can trade and you can have all the freedom in the world with bitcoin even now.

Yep, totally agree. It would be pointless to make state of bitcoin, if we could call it that. I mean it is an interesting idea, to think that there would be an island, where only bitcoin would be used as an currency. But with current situation it would be impossible, because of high fees and low transaction fee. Maybe in future, when more people start using bitcoin. :D

We are not able to use just one currency like bitcoin for all the people in the world because the very first reason is, the supply of bitcoin that is limited to fixed number and it will not able to supply all the needs of people and also the fees of bitcoin which is getting higher and higher and it means that we are not able to transact regularly because the fees is such a pain in the ass for us.

First of all, I think that the idea is really great and I love to see people being creative, like yourself.

However, do I ever see this idea ever taking off? Now that is a different story. There isn't really an island out there that isn't owned by some country. Literally every country claims all the islands they find which makes this idea obsolete. Although the island is uninhabited, the same rules and laws apply to it, making the legal currency fiat. If you wanted to use Bitcoin on that island, it would be close to impossible as a lot of work would need to be put in by the country's government.

I like the idea, but the chance of it succeeding are very low.

So you are hoping for the creation of an independant state because of Bitcoin on an island. This is impossible for the sole reason that no state will leave sovereignty over a piece of its land, so except if your plan is to buy a whole country that will not be feasable.

To achieve this won't be something of a short journey at all because how do we even get those products there in the first place, how do we even get out of our individual country, which country will allow us have an Island that won't hesitate? How do we even protect ourselves against foreign aggression? These and many questions begs for answer to show that our generation might not even the one that will benefit form such initiative while those coming after cannot be trusted to get it to reasonable conclusion.

Actually you are getting wrong when it is become a legalize it will strong your economy even more than before. Suppose it is legalize by any state than that state will give an acceptance later to bank to accept the bitcoin investment into banks. So it will keep protected in your banks. And the risk will be also reduced.

Lol or unless you're president of a country, you can just apply bitcoin as your primary currency but I'm sure you'll get pressure and protest from many parties, your cabinet, etc. Bitcoin is obviously still impossible for now getting legalized. The government has not yet wanted to legalize something anonymous and decentralized

We can create a group or organization but why aim for an island if we are living decently at home. And we can have transactions that are going to be done while we are at home. No need to make this idea happen, we are already using bitcoin and its our official currency.

Why would you do this?

This isn't even an iniative to just legalize bitcoin in all of the countries, is to essentially create a bitcoin nation.

You'll have to face a lot of legal processes, and how are you going to find an uninhabited island anyways? Border disputes are common between big countries and as a country with a maximum population of 1000 people you're going to probably be told off as soon as you settle there.

Plus, legalizing bitcoin is not necessary. Governments cannot ban bitcoin completely. As long as a country is not putting crazy restrictions around bitcoin, i'm fine with it. They don't need to explicitly state that they want to legalize it, in fact a lot of the times legalization = regulation which isn't something a lot of bitcoiners want. Even if they do ban it, trading will just go p2p, and they can't do a thing to stop it completely.

That is too impossible and maybe a wild dream. I am okay with the state of bitcoin now as a long term investment for me and a source of income let's just wait for the future decides what will happen in the bitcoin if bitcoin will be adopted or a new coin will surpass the bitcoin.

However, the best part is we do not have to, I think countries known as tax havens will welcome bitcoin since they don’t depend on taxes from external income to maintain themselves, for years major countries have tried for those countries to change that but they resist.

There is hardly any land around the world which doesn't come under the territory of any nation. And if there's any then I doubt you could even survive on that barren land.
However, I have alternative idea for you. Why not join such activists, form a party, contest the election, form a government and implement bitcoin as currency.
This will also work as litmus test of bitcoin that whether common folk accept bitcoin or not.

Firstly, good luck finding someone to cooperate with you for creating such a group,because none of them would be happy to get just a piece of your so called "uninhabited Bitcoin island".
Secondly, all the islands are occupied by the government.
Thirdly,the climate varies and think about your basic necessities like food,and important goods, you will import form other countries using Bitcoin?
Next, which reputated person would support you?
I don't think you would find an island that will match your needs,but your idea of being an independent state of Bitcoin seems good ,just requires proper thought keeping all the pros and cons in mind.

There is a very good proverb, Who seeks the one will always find. This can be said for very dubious people. Bitcoin will grow very well with increasing popularity. Legalization also depends on users in many ways. That's just one question, Do you need this by the user? The fact is that with the legalization of Bitcoin in some countries, the government will immediately begin to levy taxes from users. I'm sure that many users do not want this at all.

bitcoin is a worldwide currency and most of countries accepted bitcoin as a legal currency and they u5e it as a legal currency in their country . They buy goods through it and go for trips using bitcoins and use it for gambling and to do anything they want so legalizing bitcoin will be beneficial.

It is very important for the establishment of bitcoin at everywhere, without legalization many people can't put trust on anything specially in the monetary system. So legalization is of the vital issue for bitcoin nowadays, Japan already approved it and South Korea also going to accept Bitcoin as a legal currency so it should be everywhere in a legalized​ way...

I really like this idea, although its feasibility is not high, but I see your enthusiasm here, I hope you will implement this idea, no matter what, I always support you.

Here in Australia, the senate is now issuing and discussing the legal status of bitcoin. It was declared like bitcoin was formally got legal status, yet this is not working like you imagine when you first heard of it.

The idea is good, but the fact is that you have to imagine what Bitcoin users will lose when the coin is legalized? The fact is that users will be able to lose their independence and anonymity. This means that the payment of tax bills will be required with the profit from Bitcoin.

I like that idea. haha However i think all land over earth is owned by a government/person, so it's not that easy.

Does that mean that bitcoin is not legal in Australia yet. I thought i read somewhere that they will be legalizing it by now,so what is the status now,more countries are legalizing bitcoin and hope the end user does not have any difficulties because of that.

More likely, who cares if bitcoin is declared or not in each of everyones country, we can use it as long as we are not violating any rules of the law and we are not harming any one.

I think the key just gets the blessing and permission from the government. After that happens then bitcoin will grow very fast, many stores and agencies will adopt bitcoin, but to get legalization from the government is not easy, may have to remove the decentralization of bitcoin?

If bitcoin has been legalize, the government will take in full control over tax in bitcoin. The government knows that they are losing taxes in terms of digital currency. Bitcoin will grow fast if it has been legalize but how about the users and earners of bitcoin? Does this thing has a positive result?

I think bitcoin can not free itself, bitcoin need government that will guarantee bitcoin continuation, with bitcoin legality in every country better make bitcoin..

Even though theoretically it is possible to implement such idea, I don't think it would be worth it. The best practice should be something that would really bring the difference, such as helping the governments to learn about bitcoin and blockchain technology. It will help them to understand it and so that it will make easier to bring bitcoin in legal area which will boost the growth of the bitcoin.

All the islands already belong to some countries and the legalization of bitcoin will scare away many users. It's used mainly because of anonymity and lack of taxes. The idea is doomed to failure.

may be use may be no.  i think that it is not bad to pay tax on bitcoin.  through tax our government run department, pay salaries and complete the development project, so paying tax is not such a big problems.

Things don’t work like that, you cannot just create a country out of nowhere, unless other countries recognize then you have not created a country, so like you see, we will have the same problem we have with bitcoin but now it will be a country instead of a currency what we will be fighting for.

exactly that why bitcoin not legalized all over the world because of the law and policy of every country when it comes to bitcoin. Government will legalized it if they complete know the advantages and disadvantages of it. They also first look on the possible effect on it. Government have many consideration because they make sure first that it will have a good effect to us people who is living in one particular country.

Yah I know. If the bitcoin will legalize in all country there is a big possibility that the government will control the bitcoin. The government for sure take full over tax in the bitcoin.

that is not so easy, they should only announce like japan that they have legalize bitcoin and i am sure that there will be no need to have full control over bitcoin and bitcoin will remain in its original form.

It seems to me that the government of Japan will always find a way out of this situation. The point is that the legalization of Bitcoin also involves a number of consequences. I think that many Bitcoin users already know this. I do not know how things will be in Japan, but the fact that the Bitcoin user in other countries will have to pay taxes with the legalization of the crypto currency is a fact. That's just whether we are ready for this?

Paying tax from our earnings in bitcoin is a positive for me because even though there will be a less in our earnings, we can still have a good legalized currency in our country and that is bitcoin which in Japan they can use it to buy things in their country and paying tax is still a good side for me because we can help our country to improve itself by just paying tax.

The legalization is not as bad of an idea as you make it sound, if a country makes it legal, that does not necessarily mean that they are going to charge you taxes on it, there are some tax haven that were interested in getting in the bitcoin market and charge no taxes.

As long as the tax rates are reasonable, I don't have an issue paying them. But look at nations such as Germany. They have income tax as high as 45%, and on top of that the indirect taxes are also high. The VAT for most of the common goods range from 20% to 50%.

Although paying taxes is a liability but it seems objectionable if you have to pay income tax payments if applying about 45% of the monthly results. I think this geman government is less wise in regulating and managing income tax rules.

So you are hoping for the creation of an independant state because of Bitcoin on an island. This is impossible for the sole reason that no state will leave sovereignty over a piece of its land, so except if your plan is to buy a whole country that will not be feasable.

Thats not as easy as your speaking here. Letting government rule the bitcoin will make the bitcoin centralised asset for which government may levy different taxes and being trading asset it will have heavy taxes to acquire. There will be one more issue with this governance and thats the mining industry might just collapse. Just imagine mining is nothing but bitcoin printing machines according to government and that would be their potential target so they will start levying lot of amendments to make it more centralised. Currently anyone can mine from the home and I doubt if this will continue or not.


Bitcoin would be just another currency if they start regulating it and there are chances the price of bitcoin will fall to cents because nobody will like to get paid bitcoin with taxes and other charges. They will stop investing into it and that would be fall of bitcoins.

i guess even if we say that we would find an island, as long as the government is there, we coild not pass that eaily or just take that island immediately, as the law was being handled by the government, and it is obviously once we want property or something like that we need to pay it or we need to buy it or rent if possible. The government also wants to have their own share of that property because they would claim it as theirs when it is not yet owned by someone.

It is simple, if the Bicoin community wanted to conquer the entire world, they need the government approval for that.  Else Bitcoin will be banned and not allowed to be transacted in their country.  If this happen, bitcoin will never be on  mainstream if it is not approved and legalized by government.  Whether we like it or not Bitcoin needs the government for its passage through greatness.

Economic and financial experts say that virtual currency is becoming increasingly popular in the world as well as in Vietnam and will thrive in the future as it easily overcomes the control of financial systems. of governments. This will create favorable conditions for money laundering, consumer risk and other issues.
Bitcoin has been considered as a payment currency in a number of countries like Japan, USA but at a limited level. In the future may be more popular. If bitcoin and virtual currency are the means of payment of goods, it is only the first step. Considering Bitcoin and virtual currencies as a payment method is inevitable. "

Yes it is, it may gained more users of the tokens which may inceease the value of bitcoin soon, even though most of the country for now is not yet recognizing bitcoin I think soon it ia possible to see that they may slowly thinking to legalized it in each country because it may also increase country's economy since it can contribute a lot in terms of money, but if bitcoin has been legalized worldwide we should be ready in the taxes it may acquire.

I think that bitcoin does not need to be legalized. Legalization will lead to the loss of anonymity and bitcoin will lose the demand of most users that in time will simply depreciate it.

Legalisation just means regulation.  Why do you want that?  Maybe the correct work is recognition.

The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them.[1] Whilst the majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.

In our country, bitcoin are accepted as a mode of payment in different things by our national bank. I think it will be accepted as days go by.

The legalization of bitcoin nowadays is not yet implemented throughout the world. Some country's were already legalized through paying transaction. I would say that by legalization it will take time, the congress of the government will discussed in several sessions they must study first, if it will be fit through the economy in the country. Also, other government agency will obliged to approved. Soon, it will be implemented as the time passes by due to the value of bitcoin is increasing.

If bitcoin being legalized it means that they control bitcoin so it will affect bitcoin paradigm as decentralized currency.
There are pros and cons for legalization but overall it's also keep bitcoin popularity getting increase

Legalization is a very long process, we ard talking here about the whole world and not with a single nation. It is very hard but let us just take it in the positive way. May the legalization make BTC becomes useful and popular.

some countries are legalization bitcoin it's enough for me.. I do not really hope bitcoin can be legalization in my country, during my country not banned bitcoin eventhough the goverment not recognize bitcoin and I still can using bitcoin it's no problem.. 

Well may be its true that bitcoin will not be legal some countries but I have a confusion here its working everywhere easily in any country its transition are also very fast and in some countries bitcoin have a credit card as well and I’m hundred present sure that all the intelligence agencies knows about bitcoin that its working in their country and it’s also true that in some countries bitcoin is already legal.

Although bitcoin legality is needed for the ease and progress of bitcoin in the country in doing bitcoin transactions in the country because of course there will be various facilities about bitcoin services, but this is not too a priority for bitcoin users as long as they can still do bitcoin transactions well. Of course this is good enough.

Yes you're quiet right, but even if this is not priority of our bitcoin users in became legalized of our country is make us benifits also not just us, but all of us bitcoin users or not. Because the cashless payment will apply in that moment and it would be easy for everyone to shopping or buying good and others. I hope it will be apply in the Philippines so that we can compete in other countries who already legalized bitcoin, like canada, japan,Europe and other.

I couldn't agree with you more, there is no need  for a legal backing for bitcoin because we are able to do all the basic things with it without any failure or restrictions and so i don't see why we should subject ourselves to governmental interference for bitcoin to become effectual.

For me, there is nothing to afraid of making it legal. Because with this, it could give additional trust and confidence to the people who are investing bitcoin. Even though it happens that bitcoin is being legalize, it doesn't mean that the goverment will take control of bitcoin. Still bitcoin is decentralized.

No,you can't. Every island has its own government. They will not give you to judge it.We have to wait for the world legalization opinion. I hope it will happen soon.

This will come a long way and obstacles to legalize bitcoin. Government alone will not let this happen , many will oppose with their own intentions and because this is actually a loss of control over the money flows from abroad. Some of them thinks that bitcoin has the risk of undermining monetary circulation and, of course, they will not allow or accept the use of cryptocurrency as a money substitute.

I don't think that will help as easy as we are depicting it here. I mean just imagine about the whole procedure for acquiring those islands. You will first need the government evaluation of the property and put some extra efforts in acquiring it first. How would you tendor that much money in first place and also why anyone would want to contribute to that piece if you don't have the legal possession in first place. What I mean is, you will have to purchase it from the government first and then you can do the further business the way you want it. But you will be taxed double, once for buying and second for selling. Lolz. That would be costly affair and dint know how everyone will react upon it.

i think bitcoin is legal on the first place, since there is no criminal activity behind, only people who uses bitcoin in illegal activities that's why bitcoin is being tagged as illegal, there are also a lot of scammers out there, that will say if you invest your bitcoin with them it will grow to 100% in a short amount of time and i think this is one of the reasons why governments declare hat bitcoin is illegal or banned in the or banned in their country, but if people will only use bitcoin not to take advantage of others, i think bitcoin will be legalized in all countries. there was once a company who are selling gold, if you joined them, i think they turned gold into a pyramiding scheme, but we don't see gold being banned from countries, possibly because people have accepted gold to be a currency or an asset, i think bitcoin will also go through that stage, wherein countries will accept bitcoin as currency and as an asset, hopefully those people who scam others will change their ways, since legalization of bitcoin by all countries, will benefit all, and i think that bitcoin having anonymity and being decentralized will not be a problem, a good example for this is japan.

I think it's about time that they make bitcoin legal. I mean there is nothing wrong with bitcoin. Even some of the countries like Japan have already legalized and implemented it. So, I don't see anything wrong in using bitcoin.

Many Asian countries have legalized it but again some of its big supporters like china and Russia have made some move against it in the past while they were big supporter of it once so it is difficult to say who is going to legalize bitcoin and who is not. Also, nobody knows for how long will a country support this currency but many businesses are accepting it and it has been praised by all great tech tycoons. The love of people for bitcoin is increasing and that is all what matters

China and Russia just temporarily against bitcoin, did you know the latest news regarding the cryptocurrency condition in Russia, they do make their own CryptoRuble. Russia make this to prevent from any crypto users avoiding taxes and you know what? It means that they do allow the usage of bitcoin as long the users always comply with the regulation and pay taxes.
same goes for china, the exchanges there are now already resumed and everything is going fine.

The same thing will be happened soon in Vietnam, the government is going to ban Bitcoin and cryptocurrency in next year cause they don't have enough ability to control Bitcoin to avoid it's taken advatage. In Vietnam, a lot of HYIP organizations are taking advatage of Bitcoin to scam people. Beside a lot of crime trying to use cryptocurrency to evade taxes.

Idea of piece of island is great.
But its only an idea in practise it is not possible.
All the islands of the world are owned by governments.
Regarding legal status of bitcoins, it depends on the rules and regulations of every country.
At the time of introduction all have opposed concept and operation of bitcoins.
But now after understanding its importance or benifits or may be popularity of bitcoins compelling the governments to accept them as it is.
Many governments have allowed bitcoin trades.
Japan is promoting bitcoin currency by  opening bitcoin ATM`s.
Still communist countries like China and Russia are opposing they as they think bitcoin is a threat to their economies.
India is in confusing state, its had not banned trade or investments in bitcoins but warning citizens against its use. To obtain legal status for bitcpin in every country, the citizens must put pressure on their respective governments.

Good to hear that, this will cause a good images of bitcoin and become popular in the future. Bitcoin is very beneficial on user cause it gives an opportunity in earning money using this, just like what happen in some countries (australia, japan, south korea and etc.) that their economy was already accepting the bitcoin due to the profits and income by the country.

The idea is so futuristic and fictional. The truth is you might find an unhabitable island but that belongs to a government, you cant just have it instantly. But that would happen in the future, this idea maybe use as an experimental way of identifying wether a crypto system society will work out. Once it work out, this may possibly be the start for each government to adapt with Bitcoin system. Well this project seems to be impossible but once work out, it will be a new season fir bitcoin.

I think this is a good plot for a movie.  ;D

Seriously though we don't need that kind of effort to make bitcoin legal. If nations says its legal to them then its binding and legal, otherwise they are against it. We don't need to force them to accept bitcoin. Its their lost. And dump your idea, no one will take it seriously. No man is an island. And everyone will try to get a piece of the land, huge portion of the island. LOL. There will be fighting there.

That is coreect, bitcoin has helped a lot of economies like you mentioned without a legal backing whatsoever and so we don't necessarily need  any legalization for it to become effective in our day to day lives.

Different countries have different laws and rules, The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them.Whilst the majority of countries do not make the usage of bitcoin itself illegal (with the exceptions of: Bangladesh, Bolivia, Ecuador & Kyrgyzstan), its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.

Making bitcoin legal is not even a problem. Looking at the number of countries that has declared it illegal, it is smaller to the countries not saying anything about it and countries that have legalized it. There is so much coming up for bitcoin over the years and legalization by some countries so they can start benefiting from it once and for all is one.

Also, according to the OP, even though his idea sounds nice, it is impossible as you cannot just go to a country and start imposing laws when they already have theirs.

Serious Japan have been working in it officially and like you said they have legalized bitcoin transaction and mining in their country. They will be enjoying special perks as developers in the near future because future is all about bitcoins.

But other countries, they know well what are the advantages bitcoin is taking along with, still just the decentralized feature of bitcoin is hurdle.

The idea is fantastic from both points of view. I mean it is really cool, but on the other way, there are 99 chances from 100 that it will be not supported. Besides it, Bitcoin legalization can lead the cryptocurrency market to the situation when BTC will start falling dramatically.

Actually, having and using this doesn't give any criminal liabilities to us that make us afraid to have it in our wallet. Declaration of bitcoin legalization is totally a long way process, it takes time to have a final decision from the authorities. Once it become legalized, probably it is possible taxes will be imposed to the bitcoin holders. But in terms of controlling bitcoin-absolutely they can't make it.

Even though the idea is utopic I liked it. In my opinion If you consider doing it seriously, you should in the first place publish your plan on how to do it and clarify those needed legal and tax requirements because no one will follow you and will tell you what is needed to do in order to make it. So if you publish an article and convince people on how this is possible to be done the idea takes a different level. As an example, telling people where this inhabitant island is, how it can be bought, who holds its shares, ... can be helpful on taking the idea in next step. 

No one could control the bitcoin network but any government could control the flow of money going out of their country and that is how these legalization works too,they monitor the flow of money to bitcoin by controlling or keep a tab at the exchanges running in that particular country and taxing the users on the process.

I have come to know that many countries legalized bitcoin and they are using bitcoin as a regular currency not only internationally but also in their local markets. Like south Africa, japan, India, Vietnam and now the Russia have also decided that in the next year they will also legalized bitcoin.

Then the Russian will also use bitcoin for their needs. I appreciate and submit that now the world is turning towards legalization of bitcoin.

It is just the matter of time which will make the things better not only for bitcoin but also for the ones who are having bitcoins and are investing in bitcoin. There are number of countries in this world who are actually showing a very positive interest in declaring bitcoin as legal currency and there are very bright chances of this thing to happen as well. We just need to wait and watch.

Honestly, the adoption in Asian countries is really surprising. It sounds more like they are seeing much of the benefits they stand to gain from it than the rest of the world. It is pleasing though and I really hope some other part of the world would start taking steps towards it than trying to attack it. China may soon have a comeback and I really see that getting huge.

They have not stopped its usage yet and can be used as long as it is P2P, and hopefully if the regulations of the exchanges get concluded, it would be a good thing for the people, the country and bitcoin community. But one thing for sure is that bitcoin's growth is not dependent on their decisions as it would still grow anyway.

Somehow, I don't want bitcoin to be legalized. The problem will be the government. I'm sure that they will implement tax on bitcoin if it were to be legalized. So, the problem is a lot of bitcoin will go to the government and not to the users anymore.

You are saying the fact mate. Legalization of the bitcoin is the dream of the all the bitcoin user because now the bitcoin is being the legal currency and the it is increasing the value and the importance of the bitcoin so buy the bitcoin for the best of the future so as much as the people will hold the bitcoin it will get more and more famous and the future of the bitcoin user will be bright if the bitcoin will become the world best currency.

According to a recent report, IT ministry officials, Finance ministry officials, Reserve Bank officials, and NITI Aayog officials committee will legalize the virtual currencies in India soon.

The Government of India is finally thinking over the Bitcoin and other cryptocurrencies as these digital currencies are gaining popularity in the financial market and becoming a hyper-growth investment.

but do we need legalization in general? this is why it was invented to ensure decentralization and anonymity in managing your finances. I think this policy can lead to a slowdown in the development of bitcoin.

It’s true that bitcoin is already legal in some countries if it can work in some countries its transition are also easy in use so if transition are going to take place and its also easy in use so its mean its already legal because now a days it’s a very strong intelligence of the countries and how it’s possible that it can work so easily.

Bitcoin legalization or adoption in these countries has been seen as a triumph for the digital asset it may say less about the potential so far opinion on bitcoin and other digital currencies tends to vary from country to country while some are considering various forms or legalization others are either denying it existense or looking for ways to crack down on the coin the most recent positive case is the Philippines which is reportedly preparing the legalization of Bitcoin through regulation

You are basically saying that you are creating your own government in a piece of land. From what I know your proposal seems to be far from happening as everybody is now a citizen of their respective countries, and yes there are thousands of islands yet to be explored out there how can you build your own functioning government out there with no internet and worst of all no means of having a sustainable life? You must have think it through before you have posted such question. Even legality of Bitcoin seems to be not an issue anymore.

Anyhow however.. it's not easy to do, if we're just the ordinary people who are still dependent on government regulations.
I myself haven't been able to thinking that far to makes such an effort, still unreachable to my mind personally. And I think it seems like if it really intends to doing that, it would be really takes a very hard effort.

I agree with your idea, but the endorsement can only be done by the government and the result of deliberation from government banks and bitcoin representatives in the country, new bitcoin can be legalkan.

Its very complicated, some or most government are against Bitcoin and in order for your idea to succeed we need the help and support of the government but because government are not very helpful unless they get a cut from the blockchain transaction then this idea will surely just an imagination.

There is a bad and good side of legalizing Bitcoin. The negative effect will justify your statement. It can only lead to Bitcoin being centralized because of the government's control. The positive side is that it may also lead Bitcoin into a much stable economy. In which the bitcoin users can decide whether they will be supporting it or not and should accept the outcome.

Bitcoin is a popular issue in the world.It become popular day by day.It is the mother of all crypto currency. I think,it is very needed to legalize Bitcoin as a currency in thehe whole world.It isn't harmful things.Everyone can change his life by working in this forum.

I don't think this is a grate idea because it contradicts bitcoin's ideology and concept on which it was based on . Bitcoin shouldn't be linked to any state , government , land or party . It should only be defined by people and  for people to be completely free from any controlling organisms . In addition setting a plan like this means you'll need equipment and regimen for that , even an army to protect it ! And you can't just acquire all of that with bitcoin only  .

Its really very complicated indeed. It was designed to be de-centralized in the first place and having some control over it will violates what it is it intended. Maybe the best that the government can do is to put regulations around bitcoin. One benefits of putting regulations is for tax purposes. So we need to have like a consensus in the middle. However, those government who are against it want's total ban. While friendlies still stay on the side of regulations. So it's not easy as it looks from the outside. So my conclusion, is that governments will be having a hard time really accepting bitcoin. Their Central Banks will resists such adoption because they perceived bitcoin as a threat.

It is increasing in values and price because now bitcoin demand is very high and people are getting into bitcoin. I am happy because it is going to become legal currency and will increase value more high I am saving money with bitcoin and tell all my friends about bitcoin to increase more and save money for our future as well. Bitcoin is famous for high rates and till now it has increased price more than double.

The legalization still takes place. In some assian countries, the regulation is very rigid against bitcoin. In europe too, it's still in the gray zone of the world economy. The near time legalization looks away.

The current Bitcoin adaptation phase involves all major economies, including the United States, Japan, South Korea and Russia. Vladimir Putin announced that the Bitcoin regulatory frameworks and the crypto-points will be launched in the future

Other governments have legalized Bitcon. It is becoming increasingly difficult for any government simply to reject and prevent the provision of regulatory frameworks for crypto-wave for businesses and investors.

Actually, we do not have to isolate ourselves by making or creating an initiative group for the legalization of bitcoin because bitcoin itself was already attractive meaning with the rise of its popularity and demands, bitcoin itself is making itself turn into legalization since people know what benefits bitcoin can already make for them. Different states or country do already have a certain currency what just needed is to adapt and make way for the entry of the new type of currency and make it legal for massive usage.

It is not possible to forbid Bitcoin in the current phase, as this would lead to the separation of the government or the economy from the Bitcoin world market . Therefore, in the long run, governments and states are likely to regulate their Bitcoin markets.

The government held already the islands, even uninhabitable islands. We cannot push the legalization of bitcoin to that particular island if the government does not want bitcoin to exist in their territory. As far as I know, there are lots of countries applied bitcoin in the sense that the people using it as earnings and to transact. I've been searched also the different countries that bitcoin is legitimate and I found out that bitcoin already spread in our world.

Legalization of Bitcoin will bring big revolution in crypto world.Many investors who are not investing more due to legalization,after legalization investor ratio will increase and prices go on peak many existence investor will take profit may be they become millionaires. Legalization of Bitcoin will bring many positive changes.

More than legalization/legistaltion, is not prohibition of bitcoin,
Bitcoin doesn't need to be regulated, actually its why it was created its way decetralized.

I think people are increasingly using virtual money,like Bitcoin, that not backed by an government.Many central banks have cautioned against it.But most authorities take a hands-off approach.And also Legalization of bitcoin will bring big revolution and many positive changes.

Legalization of bitcoin it seems to be coming soon. Not only just because it is supported by the government, but in the fact that  bitcoin is being used by the community that really needs a certain policies to have a fair in the other forms of investment. What will make worries for us is that, it could be lead bitcoin from being controlled with the government.

I totally agree with you in the half of your answer, But I doubt for the truth of the rest. In fact, it is clear that the legalization of bitcoin will generate a storm, but it can have a positive or negative influence on the most valuable virtual currency in the world, in other words, it may be at the base of a rise or a  fall of its value. However, we must never forget that whatever thing forbidden became extremely desirable, therefore it may that bitcoin loses its fame once this prohibition does not exist anymore.

Nothing contradicts the ideology of bitcoin even if it ends up being legalized eventually. This does not change it from being a digital currency nor does it change it from being a decentralized one for that matter. Every country has their laws with monetary policies and as long as you are still going to be making use of fiat, come on !

Unless you want to be robbing your government, this is classified as capital gains. One day though, when bitcoin becomes more useful to be used as a currency, then we should expect taxing to really be a problem for the government so we better wait for that but I am sure they will always find a way.

I dont understand what u mean by legalization because not all countries are considering bitcoins as illegal. My country alone, our government through our central bank has taken an initiative to regulate bitcoin.

Legalization should really not be a problem. I see a lot of people talking about tax, but even without the government solely declaring that they are legalizing bitcoin, a lot of countries are still seeing it as a commodity and it is being taxed. I am sure it will eventually mean a lot for bitcoin as that would show the government really accepting that there is nothing they can do to stop bitcoin than accepting and just benefiting from it.

First, legalizing bitcoin will not even in anyway change it from being decentralized. Also, bitcoin itself is not completely anonymous and we can refer to it as pseudo anonymous instead.

So, there is nothing legalizing bitcoin is really going to change except for the fact that if you are making use of an exchange in conversion to fiat, then the tax law is applicable to you and until bitcoin can be used without having to convert to fiat, we just have to accept that and even without legalization, some countries are already doing that anyway.

Bitcoin is already very legal so I'm not so sure what you mean entirely by this comments.

In my opinion, bitcoin can’t be legal to all county, but bitcoin can be legalized in some country. Bitcoin is ban to some countries because of some reason; they don’t like the bitcoin capability and the way you can use it anonymously. The government can’t control, bitcoin and the user are complicated to find. But some country legalized bitcoin, because of the economic growth it can make.

the legalization of bitcoin will give it even more strength and he will indeed become the strongest international currency

This is the truth to be said, we are ordinary people living on legislation (in many countries such a document is already completely out of date). This same rules and dictates how we should live what we must do with our money and what we should believe in, I believe that in the current model btc is a few years of being legalized, we have to climb many stairs still to show how profitable and if we do trade based on cryptos, but truth be told many countries are already entering this new where and implementing versions of their fiats to cryptocurrency.

Fantasies like that will never be true how would you accomplish something like that if you dont have the internet connection. First off all you need to have something like a tower to avail some internet. Then why would you want an island if you have your own security and strategy that keeps away suspicious acts from yourself

maybe it's too much, if we have to make a separate group on an island that legalizes bitcoin
we wait for the regulation of our respective government

I think they will legalize it and regulate it in many countries. Already, some governments understand that this is a benefit for themselves. For example, in France they are already starting to take this seriously, in Russia too

Bitcoin is legal in the most of the world, there are only a few countrys who banned bitcoin and another wich leaded to high interested on BTC deals. eg taxes and etc.

It will be a very good step to be taken because if bitcoin become legal in all over the world so I think bitcoin will be able to end world poverty everyone knows that bitcoin is decentralized and in this situation countries are accepting bitcoin because bitcoin is the only currency which is not only accepting by countries but also countries are going to making it legal so it's mean bitcoin have an importance in world and I hope every single country will make bitcoin legal.

talking about the legality of bitcoin, this is very interesting. because not all countries can legalize bitcoin. there are some who block bitcoin access in the country for reasons of state security and even fear of inflation in its currency due to bitcoin.

legalizing bitcoin in developed countries is easy, but in developing countries bitcoin is less acceptable to governments, because they consider bitcoin to cause inflation in their currencies

Lol! Exactly. Every island there is occupied or not surely belong to one of its neighboring countries and no country will give a piece of its land to be governed and managed by others. Much more if it will not benefit the corrupt government. But the idea is nice. Could also dream of that.   ;)

You are right just because of this they are trying hard to stop this but until now most of countries completely fail to do this because now its spreading they need to do work with experts and try to bring this in legalizing which is much better for any country because this is currently most hot topic and bring new technology day by day

You know that nowadays somebody just has a plan to create something like that for only crypto users? I don't know how is it going but i saw plan of this exclusive island!

Nice idea but there is a need for a deeper analysis regarding your idea, in deed every island is owned by a government and i don't think that they will accept bitcoin, and i have a theory: people are selfish so it is hard to involve a lot of people in one project when it comes to investments.

Blockchain (an bitcoin) is a marker new evolution. And as beings who could not adapt and died out - the states and governments that will try to resist this new evolution remain on the sidelines of progress,with all their citizens.

Uninhabited island is still under the government supervisions and territory abided by law. I think it's too soon to legalize bitcoin since many adjustments should be made to its adoption

I think it is quite possible if it changes its some of the conditions and upgrade its technology. i think right now it is not possible the supply of bitcoin that is limited to fixed number and it will not able to supply all the needs of people and also the fees of bitcoin which is getting higher and higher and it means that we are not able to transact regularly because the fees is such a pain in the ass for us as i am a jr member and the pay i got for my rank through signature campaign is less than its transection fee which is very painful for me as well as many members like me.

Of course, governments will try to outlaw bitcoin at the beginning, the they'll find a way to control them.
In europe they're talking about a general database of bitcoin addresses...

There's no free island now, even those uninhabited are already owned and controlled by one country. Also, if you live in that uninhabited island, how about the internet? Can you still connect with bitcoin?

It could be hard for that certain plan because i believe the community wont let it to happen.  This is one reason also why some countries are banning bitcoin. Bitcoin investment is a really a big money, and making it legalized it could add interest to the government for taking it controlled.

This is a fantasy idea. will be hard to realize. You can imagine how difficult it is to bring people from different countries, cultures, languages, tribes who then unite on an island. In addition, all uninhabited or inhabited islands are the sovereignty of a state, and we must obey the rules. I think it will be very difficult to do.

I think all of the government should legalize the bitcoin. The bitcoin has many advantages and benefits to the society. Many people in my community have now job because of the bitcoin.

Legalizing bitcoin is not a bad thing as long as it is being tolerated properly. Doing such thing is a good idea but I don't think it's feasible enough. We should focus more on having bitcoin acknowledge as a good curreny in different parts of the world so that it will end up being legalized for the greater good of the many. Bitcoin has already proven enough ever since and I think it deserves to be prioritized because of the good things it has brought to us.

We all have our different variations of law in relation with bitcoin and it widely affects our living nowadays. Having bitcoin legalized within our region may be considered as a great opportunity knowing that it has a lot of great features which is helpful for the convenience of everyone. Somehow it can also be a threat wherein bitcoin's power may grow and take over the whole nation or maybe bitcoin will be used in some illegal transactions.

I think every country has its own laws to regulate the currency that circulates in its country. so also bitcoins have rules that you can still use when your country allows the use of bitcoins. but there are some countries that have laws to ban bitcoin so bitcoin can not be used in that country. maybe bitcoin does not yet have a strong legality to be free in any country. but all you can do is keep the bitcoin in order to stay afloat.

Not all country has the same idea regarding to bitcoins. There are countries that are oppose to bitcoin but there are some who promotes bitcoin on their own way. We have different way to see what are the capabilities of bitcoin, the what it can do to us and to the surroundings. So this idea is quite difficult to achieve.

I feel that if bitcoin is legalized, there is a high probability that a lot of people will be drawn more to it. Legalization of something gives people the confidence and trust that nothing could go wrong. In addition, there is also the chance that the volatility range of bitcoin when it's low will be lessen and the  increase would be greater than what is usual.

But I think, bitcoin cannot be legalized as it is deep into the internet. The only fact why government thinks of legalization is to ensure that people pay proper taxes, otherwise users can anonymous buy and sell through bitcoin. No matter, how they try to outlaw or find ways to control the bitcoin and the end it is going to remain decentralized, there are various methods to get anonymous on internet and crypto lovers will always find ways to escape these legalization also.

it seems that it does not really matter because bitcoin technology is having points in all countries if bitcoin is only focused on an island then bitcoin security system will be disrupted as it could become target of terrorist attack.

Exactly! And we don't like for it to happen. Many people are interested about the power and the influence of Bitcoin in every country that is why it is near to terrorist attack. Better to have another idea if he really want it to happen. Nice idea but seems like we have a problem about this idea.

if governments make the bitcoin legal, they will want to take advantage of it. various taxation schemes will emerge. also legalization of the bitcoin will cause the value to decrease. Let's leave it as it is.  ;D

True, it will be nothing but another trap from the government. I hardly think that the government is planning something good for us in the future. They are planning something good for themselves. I'm all about being free and bitcoin allows me to do that with my money. The legalization of bitcoin will be the fall of bitcoin. In my country, the Philippines, there's a certain bank company that closes your account when it finds out that your funds all came from bitcoin transactions. I guess it's just a FUD and that certain bank company just wants to scam crypto millionaires or they are just trying to be 100% safe. Regardless, our online wallet has a strong connection with the government and have made sure since the start that they are doing nothing wrong and now they are closing the accounts of bitcoin users.

I don't necessarily care about the bank company itself but I'm a little afraid that the same thing might happen to all of us if this continues. Or maybe it was nothing but FUD because there were only a couple of people saying that it's true and the rest are just saying nothing. I guess they are saying nothing because they didn't really experience anything just yet because if they did, they wouldn't shut up and warn everyone about it nonstop.

This can't be happen because there are too many users of bitcoin i mean investors that are just trusting bitcoin because they know that bitcoin is decentralized and also they trust bitcoin because the government can't manipulate the price of it.

I strongly believe in no matter and serious about the legalization of bitcoin. It is nothing to do with legalization of bitcoin so far we are all having access let it to be as it is and don't bother about it and things will be all right with us. No need to trap ourselves in legalization of bitcoin.

Bitcoins is pretty much legal in our country and as a matter of fact we have bank that highly accept bitcoins in exchange into cash so that would be legal in our country even if we do not have any stores and establishments that accept bitcoins as a payment we have a bank that highly accept bitcoins in change to cash bybsimply withdrawing the money in an atm machines even without atm card  that is pretty much legal in our country and i am looking forward for that thing to happen

This generalization of bitcoin is really a very hot topic all over the globe, bitcoin is gaining the attention of almost every one of us especially the ones who are government officials. The legalization of bitcoin seems to be an impossible thing right now but there are chances that things will get in very much favor of bitcoin in the next coming days. Governments are planning of making it as a legal currency.

The bitcoins are purely legal in our country and as a matter of fact we have a banks that accept bitcoins in exchange into cash and that bank named security bank here in the Philippines and we can easily get our money into an atm machine and that is pretty conveniently because even if we do not have any stores that accept bitcoins as a payment we have a bank that convert bitcoins into real cash so we can buy thing that we wanted using our bitcoins and that is pretty much legal for me.

The legalization of bitcoin it defends upon the approval of the places or certain country by which the leaders of a certain country adopt by making decisions of the majority leaders to accept used bitcoin legalizing on which transaction of goverment will used bitcoin instead of cash because bitcoin currency is like an automatic machine which directly used quickly opposite from money paper. So the legalization of bitcoin are on how leaders of countries and the makers of bitcoin make a dialog on how to legalize it and when it happens it involves taxes also that affects some changes between users and providers.

Fantasy idea indeed. It is not even something that can happen. At the end of the day, there would be a lot of problem even among all the people who have come together to cohabit on the island, most especially when it comes to power, leadership and co.

It is easy to say everyone should go occupy an uninhabited island and it is one other thing to be able to pull it off, but even at that, it is impossible considering all it would take in resources to be able to put everything in place and most especially the internet which is very much needed.

I don't think it's easy as you guys think :). It's not easy to change the government decision. LOL. Legalize Bitcoin or not will affect a lot to the economy maybe it'll ruin the economy that why at the moment there are no country legalize or accept Bitcoin as a local currency yet. Although I very like your idea but I think it's impossible :D

As I know in "Isle of a man" has not very tough laws too. Because many casinos and poker rooms having the company address on this island.

The legality of bitcoin varies substantially from country to country and is still undefined or changing in many of them. The majority of countries do not make the usage of bitcoin illegal, its status as money varies, with differing regulatory implications.

There is a country which strongly bans bitcoin. Nepal  :'(, the Nepalese Government has jailed many cryptocurrency enthusiasm. People aren't the same, Its seems the governments who ban bitcoin are won't lose control of their citizens money. Their reason is bitcoin is pose a treat for their economy and other bad thing.

According to my own knowledge bitcoin approval of legality is depend on each everyone country, on how does this bitcoin become being important to the contribution of there economy.making an initiative group for the legalization of bitcoin i thinks thats not helpul,because you collecting a funds to individual,and that things can create confusion of each everyone members and maybe its turn into fraud.we let the things happen in own time,because  i believe evertythings happen for a reason

in my opinion it is too dangerous, because every country has its own rules about bitcoin

Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.

Governments will legalize bitcoin only when they'll find a way to control it (practically, to put some kind of taxes and to connect a bitcoin address with a human identity)

Well, with bitcoin, you can cash out from another country and use that fund to build the uninhabited island to become a country of its own. lol. But I wish it was that easy considering international laws and all that. Legalization is something that we cannot run from and that is the only tool the government have to control crypto related activities and possibly implement tax laws on bitcoin.

But legalization has nothing to do with taxation on bitcoins as many countries are preparing to tax bitcoins regardless of unveiling their stand on legality of bitcoins.

They are trying to legalize bitcoin in my country, you will be able to withdraw as many bitcoins as you want and you will only need to pay 18% of taxes for all the cashouts that you made.
That is great, and bad at the same time

Yes, the country has the control about their law about this.
So we can not do something that out of the law of every country. Anyway, i support legalized bitcoin but not control it.

Lol, then I am trying to think, how do they want to even achieve that in Europe ? I have liked multiple addresses and even within a single wallet, I can change my address easily.

Hence I wonder, except they want to have access to your account or get to have your private key, or probably open an exchange and force everyone to be using it so they can trace what they have, there is just no way it would be that easy to get such a database. I may be wrong though.

I think if you want to legalize Bitcoin then we should not just create a group, we should link our members in different countries to make a big team, Link to the local or city government level, convince them in the ways we set out during group formation.

Yep. I also want bitcoin to be legalize because in our country bitcoin was very helpful in a sense that many people now are started to earn eventhough they doesn't have any jobs. If bitcoin will be somehow legalize it may affecr all the people or the users today. And many of them will actually become rich and started to earn.

Every country needs to legalize bitcoin in a proper way! Yes we all know traditional banks hate bitcoin. but we must ready for the rule coz they want to control the economy, and bitcoin will help us to maintain our stability

There are many countries trying to legalize bitcoin and altcoin in their countries, many of which have successfully legalized bureaucracy, but many countries are trying to ban it.

The Most of countries trying to ban are developing as they don't want to give good benefit to peoples and want to control them by power and dictatorship which is not good but working but countries allowing this are giving good benefit to peoples and they are working hard for this and many are bringing new technology for help of humanity 

Even if you are the government, won't you want to get a benefit or a cut as the case may be from every transaction as long as you are converting to fiat. That makes fiat to still be very usable and most government would definitely tax that since they see it as capital gains. Nevertheless, legalizing or not, some have silently done that cause if they did not, then they would not have placed it under tax laws.

No, bitcoin in itself cannot be easily controlled. I can decide to make transactions directly with you now without going through an exchange and get whatever I need. Imagine bitcoin becoming a well-used currency, it would be a crazy one for the government to start tagging down on tax and that is the main reason fiats will still be in the system, knowing that at a point, someone will need to cash out.

I am sure a lot must have been thought about anyway on how to implement some of these things, but legalization itself will create awareness, will not remove the decentralization properties and will only laws surrounding it will only be effective when converting to fiat.

In many parts of the world, the establishment of bitcoin is very important and without legalization, many people can't trust the virtual currency in the blockchain system. Therefore, legalization is a key problem in today's currency, such as Japan has approved it, South Korea will also accept the currency as legal currency, so the legal globalization is that the currency must be the trend

This would be the best thing to happen in Bitcoin.I mean,if government recognized and legalized it,there would so many changes to happen here in the forum especially in making accounts because it needed to verify and determined the identification of the user.And it can help to eliminate spammers and hackers or those who are trying to ruin the forum.And lastly and the most good effect of having legalized Bitcoin is,it can help and give hope to those who are jobless now.

This idea sounds interesting but there is no island in any part of the world that is not owned or controlled by a government. Creating an independent republic in a bid to make Bitcoin it official currency is not the best way to sell the idea of legalising the cryptocurrency. First we need to continue to spread the bitcoin message as true ambassadors and continue to advocate for its wide acceptance. With time, governments and corporations will be forced to adopt it as a legal tender.

I'm afraid that legalization will mean the creation of a "government coin", full centralized, and trying to convince the population that it's a "legal" bitcoin. Btw, I'm very curious to see how they'll try to control the blockchain.

The legalization of bitcoin this time is highly expected by the enterpreneurs.It is very good and profitable  for varios parties.logically the reason is valid but depends on the government

As a really volatile coin, prices would rise and fall almost daily, as globalization made almost every single product international. Living on the island would be a really terrible experience, or just plainly impossible.  That's just I can not understand why so strong a desire to lose all of their virtues that give Bitcoin. You understand that the anonymity of Bitcoin and its users makes it possible to avoid paying taxes.  It would also be the way to hard to organize with people from different countries who might not even speak whatever language you speak. The idea seems very similar to a bitcoin paradise. When they do make sacrifices it is not enough to allow people to freely trade their bitcoins for fiat currencies and vice versa, labeling the change useless. There are certain countries though that were able to come to a decision, for example, Japan and Australia are two prime examples that every other country in the world should follow. They made real changes that have a real impact on bitcoin users in their country.

In my country there are some who already using bitcoint .but there are stil many argument whether it is safe or not,but total legalization is still un resolved..

I also think of established that idea.It will really great for those person who are really want to know about Bitcoin and other currency as well as.By establishing this,there will be come a revolutionary change in all state.

This is not fair. It will make this society a feudal society, the landlords come to power, the rich will occupy all parts of the island and they will oppress the poor. That's not the nature of Bitcoin so it should not be applied. I do not like this

Do you think that idea is gonna be succesfull ever?? huh? everyone would join it for land wothout any of your net income LOL

Can't wait till it's legalized worldwide

Actually this dream is good, but this is hard to happen, because even though the island is empty, remain in control by this country. the state will not remain silent about it.

Bitcoin  have not  been  legalised by many countries  but banned officially by Bolivia.  The legality  is being considered  and moderated by individual country  to suit their law and regulations.

Nasty idea with no reality base -_-

Island for bitcoins?? seriously you are doing harm to yourself only ha ha

Well for me, the legalization of bitcoin at this time is highly expected by the entrepreneurs, because this it is very profitable, and there will be no more any kind of corruption, but still everyone of course has a different thinking. We have different opinions regarding about this.

How about diverting the proceeds of bitcoin in helping those poor and street children and get the sympathy of the people to change their perception about bitcoin? Isntnit great? Anyway about the title which is legalization of bitcoin and your thread post which concern about an inhabitant island does is possible though. But think of it all  the lands own by the government even if there are no people living. in it. You have to comply if your acquire that certain island with the government of that certain country which the island is located. Again you could not say that an island is not inhabited then its for free to own it where in fact the government owned it already so we dont have the chance in acquiring these property without consultong first the agencynof goverment concern with owninh a property.

Good idea but government not allow that happen because you know that theres a law that we need to follow and there many things you need to consider and I think you know that

I think if bitcoin will be legalize, the government will take in full control over tax in bitcoin. But there are some counries dont knownto whom will they collect the taxes because it is a digital currency. Nonetheless, there are some countries that accept bitcoin and didnt get banned of it. For sure bitcoin will grow fast if it has been legalize to all nations.

Yes I agree with this idea it is really nice when it will be implement to us as a bitcoin users. But there is a big hindrance, the government will not agree with this because not all people will contribute or use bitcoin it's too unfair to them.

Bitcoin must be legalized to every country worldwide for its own survival.If once it was legalized, banning of it will be stop and it will survive for much longer years.Bitcoins legalization will be important not only for its survival but also for its people who trusts it.

I really like this idea, but I can't live in an uninhabited island. why don't we make it in our own country? and we made several agreements with the government on the legalization of this bitcoin.

If you want to do this.. you should not think about a uninhabited island. Cos you will not an uninhabited island that will be desirable for humans to stay.

If you can find sufficient bitcoin holders, you can incentivize a third world small island nation to make bitcoin their currency. That would be possible but you will need people with sufficient connections and able to pull enough bitcoins and be prepared to give it away to the governments for them to do this.

But I think it will be next to impossible..

Good Thing to hear bitcoin will be legalized, As a matter of fact bitcoin is very useful in practical application in terms of investment. It also assess our economic status in the field of employment rate, This is also a good source of income, Since bitcoin focuses more on trading and processing transactions. In conclusion bitcoin makes our way of living easier:)

i dont think it will be possible unless someone is owning island or big land and is crypto geek that is willing to sell his/her land for crypto .first of all government will not legalise it ,bcz they dont have control over it ,maybe they take initiative to take crypto in mainstream buy controlling it through tax regulation and i already think crypto will become future stock market.

That is something that's a bit hard to accept since the governments has control in every part of this world. Every island every country has.

there's other countries have legalized the bitcoin,while some are not...processes of how to bring this under purview so that it can be monitored and legalized as well...How does it benefit economy and citizens of the country is also what government takes into consideration...

Bitcoin has its own  purpose one of those are being decentralized  to eradicate third-party intervention that is that's why it is P2P and anonymous because to elude unnecessary taxation these characteristics of bitcoins would contradict government policies. That’s why  legalization.

No its not a good idea because accroding to regulations if anyone finds such island, it should immediately be reported to the govt

The bitcoin legality in my country was rejected by the government. However, there have been rumors that bitcoin has been legal in my country after the bitcoin legality in Thailand

That's just a fantasy as finding such island is not an easy task and if someone would find it why will he donate it just for mere btcs?

I agree. It is impossible to happen today. There is no land did not owned by a government. Unless that is a virtual island, just kidding! But if someone will donate his land, then maybe that might happen but it is still under the governments jurisdiction.

Just one problem is that for such an island to het we have to pay a huge huge tax and even we do so there's no gurantee we will get it

There need to set up a electric and suitable platforn in that new island to have such a btc capitalised country

I think there will be pros and cons for legalization, but overall it also makes the popularity of bitcoin increasing. If bitcoin is legalized it means they control the bitcoin so that it will affect the paradigm of bitcoin as a decentralized currency

That's utopia, if you know what it is ::)
Without reading all those previous comments I can conclude that opinions shared and there are people who would love to be a citizen of such Bitcoin-welcome island. But whole the idea seems to me hard for realization. The first of all - an island, where do you plan to find it or create it, and creation of the island asks for huge investments which only some arabin sheikh can realize :D
If to talk about my own _ for now I am totally satisfied with the situation around crypto currencies how it is now, so I would not even dream about any island.

I am very sure that almost every land or island on this earth has already been discovered so i think this idea will never work and also most major and powerful countries have already legalized bitcoins and due to that this whole thing isn't even necessary.

I'm sure that BTC will not be officially legalized at least next couple of years as a payment tool (though it will be accepted as an investment asset). There are a lot of risks and challenges for sovereign states in its legalization. Moreover, I wait for restrictions in crypto exchange regulation and control of investment inflow that can severely lessen attractiveness of BTC as a speculative trading asset.

That is the thing, we all want to have a legal thing in the way that we could trust bitcoin in all of our transaction and investments. Yet, there is quite a big change if it will happen in the future. There will be a big implementation of tax system on bitcoin in the point that transaction could have fees and can be manipulated by the government which is a bad thing on investors.

Every country has its own laws and bitcoin is also in this case. In some countries it has been legalized. It is under surveillance to verify how to bring it under the prosecution and may also be legalized. The Government will consider how it benefits the economy and the citizens of the country.

Soon a lot of country will legalize crypto , because its very good way to earn a lot of money from taxes of exchange and buy crypto , Russia did legalize today ! they make crypto ruble and you could buy crypto with fiat via crypto ruble :)

It is not going to happen first of all every single island is already own by a government and you are not going to be able to create your own government out of it, believe it or not some people have already tried to create their own islands in order to create their own country that can be really expensive and at the end it's not going to work because another country will just appropriate the island.

Every country has its own laws and they are the one responsible in legalizing bitcoin and they know the consequences of legalizing and the benefit they can get with it and when they made that law we have no choice but to obey it.

if only those bigger countries around would accept bitcoin if what it is and serve its purpose as a currency i think the value would be huge and it can really help economy but government will make sure that it will be favored them whenever they will start regulating and accepting bitcoin from their country.

I agree, it seems a fantasy island. I'm sure that bitcoin or other cryptocurrency will be in the mainstream in the near future. Once bitcoin or other cryptocurency will be accepted and utilized by many merchant, our economy will probably going to fully engage in the digital currency. That will be the time Government will legalize cryptocurrency (legitimate only :).

This idea with the island etc. is sooo idealistic and remote from the reality. And I don't see a point of gathering people, buying island, collecting funds and so on. Too much fuss that will end up in nothing. It's easier to move to a country where BTC is legal.

Although your idea is very difficult to appear. but I like it. If we have a place independent of the outside world and all the transactions on it use bitcoin. Then bitcoin really becomes currency like dollars and other currencies

There is no fun in finding a place where we can legalize the bitcoin because so far we have been living in our respective countries with our needs and demands being met here, so it will be better if our countries start legalizing the crypto currency just like the Mexico and the Philippines so that we can get those advantages here from the bitcoin.

We can also participate on different platforms to support this currency so that people can get more knowledge about it and also that governments should also start thinking about this step.

Evry land now is own by evry country and government we  can't do such a thing are we going to  make in artificial  land  just like China did in spratlyst if ever bitcoin has legalized I don't think that the government don't getting on it a big tax will apply for evry crypto earner

Actually, bitcoin in the Philippines is not fully legal, but you can freely do bitcoin in the Philippines. Bitcoin exchange services were being registered with the Central Bank of the Philippines.  Thus, bitcoin exchange services are authorized to deal with banks. This is much better than legalizing bitcoin. Hopefully, even if bitcoin will not be legalized in our country, we can still freely do bitcoin transactions. I am not hoping for bitcoin to be legalized, but I am hoping that people will not be deprived to use bitcoin in their country for them to make their life become better.

The thought is great however the usage is outrageously intense. Since the majority of the islands are controlled by the administration. Regardless of whether the pitch it to the gathering, they won't permit to present your own legalities there. The gathering will even now need to act inside their lawful system.
Likewise I trust, bitcoin isn't generally a smart thought for exchanges. It is extremely moderate and exchange expenses is additionally high which makes it a speculator's cash. By and by I like to execute in fiat rather than bitcoin. Since bitcoin has immense upside potential which makes it an alluring speculation resource.

the legalization of bitcoin is still not comprehensive for all countries. bitcoin is still illegal in many countries. but bitcoin legalization is improving. the more countries that legalize bitcoin.

the legalization of bitcoin is still not comprehensive in many countries. including my country, I hope the government immediately legalize bitcoin so as not to miss the countries that have legalized bitcoin.

I feel that legalisation of bitcoin will take us back to to what we are trying to run away from. The government will still have control over it just like the FIAT money.

I absolutely agree with you. That's the we should do.

I have some more ways to legalize bitcoin

 1. Give away Bitcoin
What I've always found to be a great idea is to give people free money. It doesn't have to be much but most people won't pass the opportunity for free money even if it is in a strange new currency to them. There are a lot of different ways to do this but what I normally do is when I'm talking with friends about bitcoin I'll ask if they want some free Bitcoin, then I'll ask them for their phone and download Coinbase and transfer some to them. I always use Coinbase because later if they go home and research Bitcoin and want to buy some, there is a quick button right in front of them to make it easy.

 2. Set up a Poster
I understand that not everyone has as much time to go around promoting insane ideas and trying to completely change the world, but one of the easiest ways of passively spreading the world is to get on Photoshop, or modded paint.net if your poor like me, and design a quick poster. It doesn't even have to be something nice, just add some explanation of blockchain technology and a few stock images and see what you can come up with. This is one I spent about 15 minutes with and I literally just picked up two random images from google and gave some basic insight into bitcoin.

 3. Educate People
A lot of people associate bitcoin with either a lot of buzzwords that nobody seems to understand or an overly simplified way of saying it, "it's internet money,"and it really draws them away from the space. What we need to do is draw people by telling them how interesting Bitcoin really is, and there's not just Bitcoin there's an entire market where you can make thousands in a day by just making smart investments. If you have the time and courage, go do a class at your community college, if you don't that's fine. Just think of some great way to promote great technology.
So these are some easy ways that you can promote Bitcoin in your community, thanks for reading, don't forget to upvote.

said legal or illegal bitcoin is very difficult because every country has its own rules, but I know many countries that prohibit only do not allow the bitcoin be used as a medium of exchange or a replacement currency.

What are you saying? How can they control Bitcoin? They are just legalizing or regulating Bitcoin, that means they are just allowing Bitcoin in that certain country they can't still control Bitcoin.

Legalizing Bitcoin doesn't mean they control it, they are just allowing it.

Yeah I would agree.Its legal or not as long as people believe that bitcoin is a matter of choice that make our profits expanded  and possible to make us wealthy.

I'm agree. they cannt control bitcoin, just allowing bitcoin. in my opinion.

Bitcoin may be legalized in some small countries or regions. We know that gambling industry is legal in several small countries. In the world, the economy and every industry have a close link. If the legalization of bitcoin is certain, it will impact the economic order of those countries, especially the banking industry. This is not willing for most of the world's great powers.

The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them.Whereas the majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. So legalization of bitcoin depends on the country from its government.