Bitcoin Forum

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Dubai, a playground for developers, architects and engineers has given birth to many iconic buildings with different stories to tell. It is known for it's mind-blowing and ground-breaking edifices and skyscrapers. Today, it is at the forefront of history as it's going to be home to the world's first bitcoin tower. The developer, Salvatore Liggiero designed the 40 storey tower to demonstrate Bitcoin significance and also as a sign of recognition for the world's number one cryptocurrency. The bitcoin tower hopes to take the hospitality industry to a whole new level as guests will be able to make rental payment in the form of crypto-staking producing an annual percentage yield (APY) for them to claim during their stay in the hotel.

Congratulations Bitcoin! Keep making giant strides and attaining greater heights.

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https://cointelegraph.com/news/bitcoin-tower-dubai-first-look-at-design-images

https://www.cryptopolitan.com/dubai-makes-waves-with-worlds-first-bitcoin-tower/

This Bitcoin tower to be constructed will be a significant development for the Bitcoin community and evidence that the cryptocurrency is gaining popularity.
It's just showing that Bitcoin is going mainstream, this will gain more people to be introduced to Bitcoin and Dubai is one of the most city that in bucket list of tourists.

Dubai want it to be the central hub for fintech atleast for the Asian countries. This have directed the country to support bitcoin and other form of growth connected with bitcoin. The Bitcoin tower will surely be a big structure and for sure it'll have more connect with the bitcoin. Country that completely depends on tourism for its economy apart from the oil source have got its plan to make the city and the entire country to be an tourist attraction spot. So that, even if the oil source gets limited the country can stay strong with its tourism economy.

This is so freaking amazing. I have visited Dubai 2-3 times however I am really impressed that they are the only City in the world that is paving towards Cryptocurrency.
Almost 95% of the investment businesses from South Asia moved to Dubai because of the zero tax and chill government polices.

They are utilising the oil money in a future technology, which will keep them in the richest list for longer run.

Smart move again from the most luxurious city in the world. This for sure is going to be adding to their wealth. Not only does the city, the artist who's making NFTs and the guest are benefiting from this project but also for all the Bitcoin believers and hodlers as it may catch the world attention that people who's not into Bitcoin will start digging information and most probably going to invest as well. This will then expand the global bitcoin adoption.

I super excited on whether or not their narrative being the first hotel that gives you back the money you paid, plus interest is going to work.

I hope the design which created by the architecture will not become really different when civil engineer want to start construction because it's not easy for civil engineer to make sure such design is strong and not harm the other buildings. If the Bitcoin tower isn't strong and collapse, people will spread FUD around talking if Bitcoin will dump and destroyed etc lol.

El Salvador and Central African Republic have accept Bitcoin as legal tender but they're not construct a Bitcoin tower, will Dubai accept Bitcoin as legal tender?

Bitcoin is now gaining more momentum in Asia. With this new venture, no doubt the growth of adoption will gain more speed in the region. Dubai in particular will probably be enticing as the new Bitcoin destination. The regulation is healthy unlike in other developed countries. I am seeing a potential transfer of headquarters of Bitcoin-supporting companies from western countries to more friendly eastern countries like the United Arab Emirates. I like how open-minded they are there.

That is really good news for us and for the bitcoin community, as that can bring significant growth in adaptation in bitcoin. But first, if ever this building is already done, having rental on it is very expensive, which only those rich guys can afford, and their staking is very expensive. I am very curious on how they will do it and how the developer or owner of it can still gain profit. But again, Dubai is always surprising us. The same is true with their The Line project, which they already started. Let's hope this bitcoin build will be successful in the future.

Congratulations to Dubai and the entire UAE instead, for positioning itself to benefit from Bitcoin in the future. The more receptive a country is towards new innovations like Bitcoin the more the best minds and businesses would move over there. United Arab Emirates is looking to want to be a technology hub in the future, sort of the Silicon valley of the Middle East.

Far more complex buildings have been designed and built.

this is very extraordinary ,, dubai is a beautiful city and lots of people who come to vacation there.
so it is very suitable if a bitcoin tower is built there.

I think this is a good breakthrough, and at the same time good news for btc investors
hopefully with news like this it will make us stronger in holding btc.

It's always Dubai first I guess. As far as I know, Dubai is a crypto friendly country and using of bitcoin is encouraged there. Wasn't there supposed to be a part of the city that is completely "digital" and will be using crypto currencies? Also as far as I remember, companies from that part has to pay no crypto taxes.
Anyway, the tower is a good thing for them. More people will be curious about bitcoin, more people will know about it and eventually more people will start using it as a currency. The country knows what lies in the future...

Well, if they go through with this...it will be an iconic building for Bitcoin awareness and a good destination for Bitcoin tourists. I for one, will like to take a photo in front of a building shaped like that. (Bucket lists item)

The building will also boost Bitcoin adoption, because a lot of people are looking up to the people in Dubai, for what they have achieved in the global financial scene and they follow their lead, because they know that they are at the forefront of technology.  ;)

It's basically going to be the world's first Bitcoin Hotel and it's sure to be a popular place to visit in the future. especially by people like us who do have some enthusiasm for bitcoin.
I wouldn't be surprised if it was in dubai. because Dubai has indeed shown hospitality to all renewable technologies and even to cryptocurrencies.

he even said that this one innovation project would also combine blockchain technology and AI. In essence, this hotel may later have the goal of becoming a hotel that has sophisticated and renewable technology. I even read in the news that guests who come to this Bitcoin tower will also be given a special NFT prize. or guests can also do staking and get rewards. Maybe rich people would be enthusiastic to try it. but I think for sure it will be very expensive to be able to visiting  there.

So even though I'm interested, I might think twice about visiting there.  8)

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Sourch : https://chainsightnews.com (https://chainsightnews.com/post/hotel-bitcoin-pertama-di-dunia-akan-dibangun-di-dubai)

Yep, of course, they are going to incorporate web3, metaverse, DAO, NFT, Staking, and APY-rewards while polishing it with Bitcoin.

The developer wants to signify Bitcoin but only on the sole surface and from the architectural perspective. Deep down, surely a mere Bitcoin logo isn't enough for the project's sustainabilities and hype, as a consequence, those web3 things I mentioned are mixed up with the idea of Bitcoin Tower.

This project also boasts it will innovate the hospitality and real estate sectors, which seems an empty promise that some of us are already aware of it back in ICO hype. Well, at the very least they try to build the real thing, the building itself.

I do hope they go through with this, imagine asking your rich friends if they've ever visited the Bitcoin Tower, such a great name for the project compared to bitcoin hotel, also Dubai is full of tourists, this will be a significant approach for Bitcoin, China, and Dubai, follows by the test of the world, United States will be left behind if they are not careful and the community will have to fight for Bitcoin to prosper, its time that power is been given back to the people around the world. Bitcoin is death-proof.

Dubai is a perfect place for big crypto companies to settle down but expenses are very high in that country, if you are not rich don't go to Dubai, or you will end up stranded in the country and you will start doing everything to survive.

I have not heard of any plans for the Dubai Municipality to construct a Bitcoin Tower, so all the current plans are an imaginary of what the tower will be like if the design is implemented or an investor is found willing to do so, but so far there is no news of an investor who will make such an investment.

Personally, I don't like Salvatore Leggiero's designs, and I think the building's design is ugly, although the idea is excellent. I hope they find an investor who is enthusiastic about such ideas.

I don’t get it. So the name is Bitcoin Tower but they’ll offer apartments for rent in some weird shitcoin that’ll pay the owner in stakes? Is tht what happens? Cause if so, then why even call it Bitcoin Tower? Call it Shitcoin Tower instead lol because this has nothing to do with BTC besides the name

Congratulations to Dubai for showing the token of recognition for Bitcoin. This will bring more adoption in the surrounding locations as people notice a Bitcoin logo on the building.

Dubai is now becoming a location that is receptive to new things and is helping the development of crypto so that more and more people can accept it. We are all probably curious about what it will be like once the building is up and running because guests can pay their rent using crypto.

And, of course, it will bring more tourists to Dubai to enjoy the new atmosphere.

Over the years now, i can see a lot of tremendous bitcoin and crypto activities ongoing in Dubai and this has serves it more with the opportunity to be among the top most high ranking bitcoin enabling environment after El-Savador, despite the country being a religious one, they never undermine any business opportunity for them to grow and develop, this has been the footprint they laid down since the introduction of bitcoin whereby you could find in Dubai many schools accepting bitcoin, businesses and enterprises also accepting the payment through the use of this digital currency, they have the bitcoin free trading zone and many more to show forth they are in support of the use of bitcoin in Dubai.

Maybe the unexpected could stream forth from this country if it surprised us by adopting bitcoin as a legal tender, considering the circumstances on ground and this recent construction of a bitcoin tower in the country to serve as a monument for remembering bitcoin always and forever, they unde the technology advancement in digital world and that's why you can see them among the top rated developed countries in the world because they always create rooms for advancement.

Dubai is an attractive city for tourists to visit. It will be very good for bitcoin community and us if bitcoin tower is established in this city. Bitcoin will continue to peak in popularity. However, if the steps taken by Dubai are successful, Dubai will move forward more economically. But we can hope that if Dubai can build this Bitcoin tower successfully then one day Dubai will be able to legalize Bitcoin as legal tender.

Nice idea I guess but it will definitely be one of the ugliest buildings in the world to me.

Why would anyone rich enough to stay there make stakes into the building during their stay anyway, seems just a dumb marketing idea. Which blockchain are you gonna wrap your BTC on?

Or are we supposed to trust them like a ponzi? In this case building a pyramid is a better idea ;)

This is fantastic news for bitcoin's development, and having it acknowledged and ready to be established in a large metropolis like Dubai is a huge success for the bitcoin community. Dubai is recognized as a tourism center where people from all over the world love to visit and explore, and this new project to make hotel rental payments in the form of crypto-staking will make it one of a kind to take place there. If large cities like Dubai embrace this strategy, we'll see the mass acceptance we've been hoping for sooner than expected.

AFAIK, as they've been dependent on their fossil fuels and oil reserve, they just can't rely to it forever so this is a good diversification that they do for their country.

I guess that Dubai is going to be one of the best countries in terms of skyscrapers and as Bitcoin is getting widely accepted. They can capitalze on that moment while the others are still reluctant towards getting involved and adopting it.

Isn't it that Binance has already an office there? And that's why Dubai is a Bitcoin friendly country.

Looking at it from a positive perspective, we can see that Dubai's investment in cryptocurrencies shows their interest in blockchain technology and its potential in the future. This can promote the development of accessibility of blockchain technology and cryptocurrencies to other countries and regions. And in my opinion if Dubai successfully develops its Bitcoin tower, this idea can become an example for other countries that want to invest in crypto. However, the success or failure of this project depends on various factors, including the stability of the Bitcoin market and the business world at large.

Hi, Helena.Yu;
What does a tower have to do with making Bitcoin legal, we have the Trump coin for example,  ;)  , although it is true El Salvador has a bitcoin city or plans to have it, surely we will have the tower first, but anyway no relation building-legal bitcoin.

This is a good impression and it is going to make the adoption of Bitcoin to increase. It shows that there are people that really cares a out Bitcoin even though there are some countries that had been fighting against the adoption and recognition of Bitcoin. Dubia is a big state and it is the hub of luxuries which is gaining more attention from business mens and people who cares more about luxury. I hope if other countries would take the same step without been too desperate of having a control on Bitcoin, then the market is going to gain more influence and it's going to attract more investors that think Bitcoin and the entire cryptocurrency would die off soon.

I think this is a brilliant way to promote the adoption and innovation of digital assets, as well as to showcase the potential of blockchain and artificial intelligence. I would love to visit this tower and experience its unique features and benefits. Kudos to the developer Salvatore Leggiero and the architect Simone Micheli for creating this visionary project13.

How sad, I know I'm going against the tide I won't celebrate this milestone but unfortunately Bitcoin doesn't need these ads to grow, plus I consider it a big waste of money that could have been invested to improve Bitcoin's code and infrastructure or improve mass adoption .  It is not with this advertising that Bitcoin is improved.

Dubai is going to build the world's first bitcoin tower, which is definitely a tribute to Satoshi Nakamoto and a declaration of war on the old financial system, which is a very positive signal. At least it represents the belief of a large number of people in Bitcoin. Of course, there will be different voices here. As a famous tourist city, Dubai has attracted the attention of everyone in the world, and it may also be for higher economic benefits.

indeed, news like this will usually have a positive impact on bitcoin, but we will not know about the price of bitcoin in the future.

because indeed the most important thing is the economy that must be developed because if the people's economy goes down, of course who will buy BTC, but if the economy goes up, of course many will also adopt BTC.

but hopefully with the construction of the btc tower the price of btc will increase.
and this is very interesting news.

Dubai is one thing that can make astounding developments in the world. Whether you take the LINE project or Burj anything is possible for them. They have already started billions of dollars investment in the Line project which means the new Bitcoin Tower would not be any issue for them at all. In fact, Dubai’s most of the income is coming from tourism and new attractions that gets added every year. Otherwise Dubai would be deserted land one more time. If they build the Bitcoin Tower, then yes it’s gonna be a success already. Dubai is also Tax Free country so definitely it will benefit the investors to fullest. Kudos to this development.

I see this is a great commitment that has been shown by Dubai by initiating an Infrastructure in the form of Construction of the world's first bitcoin tower that will come in Dubai marking a significant moment in our history. It embodies the harmonious unification of technology and architecture, increasing the significance of Bitcoin and the limitless potential for human innovation. An extraordinary project that pushes boundaries and its undying passion to embrace the future and as a testament to Bitcoin's incredible journey.

You nailed it... They could've gone with other shitcoins for the tower name, but clearly, they know the only way to expect a good outcome from announcing such projects is by masking out the part that shows their true nature.

Looks can be deceiving ^{[the only thing that they care about is making some adjustments to fill their pockets more (unfortunately)]}!

That's what I would professionally call "parasitizing on Bitcoin", and regardless of the idea that Satoshi had when he created Bitcoin, I'm sorry that he didn't protect that name because it would have really spared us from fake creators and those who use Bitcoin to achieve some completely different goals. We can have such a tower in every city in the world, but steel, concrete and plastic will change almost nothing if people continue to think in the wrong way.

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That same country recently rejected Bitcoin, so it would be good if we finally adopt that fact on the forum and not repeat some things like broken records. Legal tender in the context of Bitcoin is an overrated thing, and if the example of El Salvador didn't show it, why do people expect another country to do it?

The idea of naming the Tower to Bitcoin is very good to promote Bitcoin. The problem will come once the owner introduced more shitcoin than Bitcoin itself. They are planning to create a DAO and probably shitcoin for governance on the structure. They might focus more into shitcoin rather than Bitcoin and it’s very dangerous when they offer ponzinomics to all the participants on this tower.

Any publicity is good since this is the first of its kind. I’m just worried about the future reputation of this building once the owner start cash out money from investors pocket that will reflect on the brand that they are using which is Bitcoin.

So it is just for the name; they are just masking it and putting the name Bitcoin on it so people will say it's legit, but it turns out they will be using another shitcoin? and not the bitcoin itself, because that is also my question in my head on how they will do it, like how do they do the staking? One of the ways that I can think of is that they will create their own token, and then it is useless because they name the tower Bitcoin, but they are using another coin.

Yeah talk about true striving for technological advancement, dubai has been on the forefront of advancement of any sort. They are one of the crypto friendly countries who are always looking for ways for crypto inclusion. Am not surprised by this wonderful news, they are very capable financially and tech wise so I don't expect anything less. More business opportunities on the way.

I think Dubai is the best place for such innovative ideas and the city has shown great interest towards architecture from its beginnings. It's a dream-come-true experience to see something like Bitcoin tower in a city like Dubai. The place is already very beautiful and the buildings as well as hotels of Dubai are best in the world, and especially there is no competition of the buildings and hotels in Asia.

Tourists love to visit the beautiful city and now the Bitcoin enthusiasts would love to visit the place where Bitcoin tower is going to be built. The tower seems to be very nice and the design of the tower is truly eye-catching. A Bitcoin lover would definitely dream to spend a night in that tower because it's name is enough for a Bitcoin enthusiast.

I must say that Salvatore Liggiero is doing a great job in designing that tower, and because of his efforts the recognition of Bitcoin will increase in UAE. People from many places will visit the building and the idea of adding rental payment in the form of crypto-staking is marvelous. If I get a chance to visit the tower then I will definitely go to the tower and love to spend sometime in that beautiful building.

Dubai clearly knows how to make very impressive buildings, and they have enough resources to implement even the boldest plans. Considering that, I think there's a decent chance that we'll truly see Bitcoin Tower there. If they really do it, I think it'll be a huge popularity boost to Bitcoin, as the design is unique and so... Bitcoin-forward (I mean, they could just make a regular building with some sort of Bitcoin sign on top, but they're making the whole building in a form of Bitcoin symbol instead).
Some are saying here that it's not really about Bitcoin, but I think that it will be to most people. I'll just be a sightseeing thing, and the Bitcoin symbol is right there. I don't think their actual project with some crypto staking will be successful.

This is really amazing! I'm interested to know more about this project. Once this project becomes successful, it can bring awareness to a lot of people locally in Dubai, and even internationally. Though I assume it would probably be an expensive one, and not everyone can afford it, it can still make others curious about Bitcoin and crypto. And of course, it can bring great adoption. Once it's almost done, for sure, more articles will publish about this Bitcoin Tower. It's a great way of promoting Bitcoin. Although it may take a long way before they can complete the tower, but it's a big step and achievement. Looking forward to its update

What is the legal status of bitcoin in Dubai?

So, I didn't understand. What does "will be able to make rental payment in the form of crypto-staking producing an annual percentage yield (APY) for them to claim during their stay in the hotel" mean and how does it work? Please explain with examples. Will it be possible to pay in bitcoin for rent or not? That would be the giant stride you are talking about.

And this development will help grow the entire Bitcoin ecosystem Dubai has the money to do whatever they please and they have quite a number of investors in Dubai, and also el salvador shows how Bitcoin is gradually gaining ground and this project will involve a lot of investors in bitcoin and this is one of the best opportunity to make use of to accumulate as many have you can and with funds, you can afford to lose since investing in bitcoin has its own risk. I am sure the next bull run will be massive and only those with patience will benefit. I love Dubai for something the business nature in them.

This idea is not the brainchild of the government or Dubai, neither are they the financiers. This project is spearheaded by Salvatore Leggiero, a real estate developer, and Simone Micheli an architect. These entrepreneurs will have to seek for approval, funds and land to carry out this project. I hope they will have access to the funds they need to make this project a reality so that it wouldn't be like other ambitious Bitcoin projects that we later abandoned. If the government approves the project, it will mean that they are in support of the project. Nevertheless, this project when completed will lead to Bitcoin awareness and adoption.

Are you serious? They are not going to hire an amateur engineer or newbie constructors for this, such projects are assigned to the most skilled individuals and workers that don't make mistakes as you are describing, and Dubai has always been known for its skyscraper constructions from the past and they will obviously going to make this one a historic one as well.

This is obviously going to be a great thing for Bitcoin overall, the adoption level will increase, more people all over the world will come to know about Bitcoin and its significance, and every single citizen and tourist of Dubai will see Bitcoin through the tower.

Good marketing, definitely something that may attract a lot of crypto companies as well, why not have an office at the "bitcoin tower" if you are a bitcoin company and if the laws are abiding to bitcoin as well and not really making it harder, then Dubai could very well be a nation that will benefit from this.

I keep saying that taxes are what makes a nation poor, keep the taxes low to business and high to individuals and you will have very rich companies, and the richer a person is the more you should tax them. This way there will be a ton of rich companies, and not a lot of rich people, so in order to spend what the company has, it will have to spend a lot to local other people, workers, other companies, resources. Dubai is on a great path right now.