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So the World Bank isn’t a bank. It is [by the way] a Ponzi game and a conduit for criminal/illegal activities. And it isn’t safe given war funding destabilizing nations.
The main value of the World Bank may, in retrospect, turn out to be the lessons it offers bitcoins on the prospects of banking, and on how to enhance efficiency and cut transactions cost.
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OP's website is "Buy Bitcoin with Paypal".
I would hate Bitcoin too after trying to sell a non-refundable currency via a haphazardly refundable payment processor.
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and thats where it ends for that dream. but i done the maths many times before about the TRUE costs..
so...
...snip...
.... if only people stopped dreaming of the utopian end result and actually tested some theories and scenarios against their projects first off, less would fail and less money would be wasted.
Yes, if you want an industrial modern country it will cost more than $10 million. 20 large properties where each owner is on his own to build whatever they want? Much less. I already explained electricity. As for water, I live on the Gulf of Mexico where people can't build wells like those inland. Initially those living on the water got their water delivered from a company inland. Over time they built pipes. I ran for the water commission (our water company is a private cooperative), the yearly cost for about 10,000 residents runs about $1 million per year paid for by water bills. This includes buying land for building wells, a team of 3 guys installing and maintaining the pipes and a staff of 2 or 3 people in the main office. Everything you mention that involves more than the first 20 people includes people..people bringing revenue. Revenue that pays for infrastructure. Want to build Jersey or Singapore with all of its infrastructure within the first year? Yep...that would be pricey. I agree that such a crazy idea should not be attempted. Starting small with basic services probably with some eco-tourism living in cabins doing some fishing and hiking? Totally do-able. You are right though as you mentioned in another thread. Those that talk about it probably don't even have any bitcoins in the first place. For those that do and want to make it happen, pledge your bitcoins (keeping your BTC in your wallet) here: http://www.bitpools.com/?Bitcoin%20Island |
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so who is still feeling bullish?  Getting some great rates at these low prices. |
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Rather than creating an island nation solely for the purpose of using bitcoins we could focus all that effort and money into making the whole world using bitcoins.
All of what effort? A few dozen people focusing on a project? Should we shut down all small bitcoin projects and focus on making the whole world use bitcoins? If bitcoin island is a "small" project i don't even want to think what the well that was constructed via doge4water was. One exchange just had a $40 million investment. That could pay for 4 large islands. A single bitcoin island would have the media attention of millions of dollars in advertisement. It would be a demonstration of how effective Bitcoin is and demonstrate real world solutions uninhibited by government regulations. |
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The best thing we can do for the environment is promote Bitcoin so that all of these third world countries can grow their economies and modernize.
I'm not sure how modernizing something will be more energy efficient? what is more energy efficient? Tokyo or a village? I'm not saying 3rd world should not modernize This inefficiency is also based in part on the need to rely on outdated technologies which are freely available, do not require an expensive licence or that do not cost as much to use. These technologies are often more polluting than the state-of-the-art technologies available to industry in developed countries. Third world countries still rely on diesel, wood, etc. for fuel. They aren't even close to thinking about solar, wind or hydro due to the economic investment required. |
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Rather than creating an island nation solely for the purpose of using bitcoins we could focus all that effort and money into making the whole world using bitcoins.
All of what effort? A few dozen people focusing on a project? Should we shut down all small bitcoin projects and focus on making the whole world use bitcoins? |
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summary
bitcoin island is centralised and takes a large stake out of everyones pocket and puts it into one persons hands.
Not just one person's if the land is purchased by people pooling their money and voting using the blockchain toward what they want. And the infrastructure can be created by others pooling their money toward different investments. Billions are not needed for a small island with 20-30 land owners renting to visitors or selling out parcels. 20 people pledging 50 bitcoins each when the bitcoin price hits $10k then they have $10 million for the purchase. That would be enough for this 36,000 acre island: http://www.privateislandsonline.com/islands/ilha-das-pacasA similar amount of 20 people pledging 50 bitcoins would be enough for a solar array with electricity sent to each of the 20 1,800 acre properties. Maybe even doing solar roads instead of a solar array to kill two birds with one stone. |
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The best thing we can do for the environment is promote Bitcoin so that all of these third world countries can grow their economies and modernize.
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Still about $100 more expensive. I think it was because of the specific flight to a small airport. The other sites like travelocity and expedia also had higher rates. I did an extensive search. I will add btctrip.com to my list though. Thanks. Are you including things like rent and bills in "spending"? I currently have no rent and bills (living on a military base) but next month when I get out I will add that to my routine. It will encourage me to get a cheaper apartment instead of getting too greedy. I will use bitcoins as much as possible, mainly because I enjoy how easy it is to spend compared to filling out a form with my credit card information. As for how I can afford it. I'm single. I am just finishing 20 months in Afghanistan as a defense contractor making a lot of money working 12 hour days, 7 days a week. I spent most of those 20 months putting all of my money into bitcoins (after I paid off all credit cards and other debts). Now I head to Germany where my company will give me money toward housing. I have downsized my life to be able to fit all of my belongings into a carry-on bag and a backpack. I don't plan on spending a lot on material items unless I absolutely need it or don't care about donating it when I'm done with it. |
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----Very Very Expensive----
Something similar to the mesh network offered by the concept of Google Drones.
there will be a need for Antennas with good range, and Satellite Uplink and Downlink To cover the whole world with the mesh.
Instead, if we find a way to mask the data, under the packets which will not face The control from the ISP's would be easily the best, cost effective way to accomplish what we desire.
I maybe blunt and naive in this, but with the right minds working on it, it is very likely to be possible.
Thoughts?
You are describing safecoin if it ever gets going. It's not like we need to cover the globe in order to turn things on. A small network in major cities connected through an encrypted tunnel via the ISPs will be fine for a long time in most places. But think of places like China where their Internet is severely censored. This is likely to be the way of things everyone else. Government likes to fill spaces where it is not involved. The Internet is like a vacuum of freedom that will be filled by government regulation eventually. |
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Ahh good ol' Russian propaganda. 80s flashback. |
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If you want a tax you must accept that you are willing to force someone to involuntarily give up their rightfully earned property. Otherwise known as theft.
Why do so many people accept forcing someone to do something against their will as the right thing to do?
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... and inevitably, only the rich will enjoy these services, since they will leave any 'club' that gives them out for free to those who can't afford it. The poor will either rely on the protection of their masters, or fend for themselves in a world where any criminal knows there will be no repercussions for robbing or killing someone who can't afford protection. Welcome to medieval Europe So you are saying...the rich will eventually leave the 'clubs' that are giving away free stuff to those who can't afford it? Like how people tend to emigrate from states with high taxes and move to low tax states? Perhaps we should build walls to keep the rich in? Welcome to Stalin's Russia. |
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The problem is that then you have to put into place a ton of checks to avoid free riders. Which I doubt is worth it as realistically people will have to join a "club." Without the "protection" of the police it's perfectly ok for anyone to randomly shoot you. Including the owner of any given "club." Which just puts you back in the "pay or we shoot you" situation anywat. Until there are open-source drones protecting everyone from violence unconditionally, the pay or we shoot you system will automatically survive.
Our modern, free, police system is a relatively new concept. Even in the old movies you see the private detectives. Before that it was usually just a constable or sheriff. Btw...pay or we shoot you (kidnap you if you don't resist) is what we have now. |
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The only fee should be payment for citizenship and all that comes with it.
It should be like paying for membership into a club. All benefits are outlined up front, you can join or not.
You want free education, police protection, fire department services, etc. You pay up front like a package deal.
Otherwise, you pay for those things separately.
Can't afford it? Don't join the citizen club.
Don't think the benefits of joining are worth the money? Don't join the citizen club.
Want all the free stuff that comes with being a citizen without paying anything? Go find a citizenship club that gives you all of that stuff for free without payment.
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I have started a new approach to my spending habits.
Every time I spend money, I buy the equivalent amount of bitcoins.
I booked my flight for a vacation (used Lufthansa.com because the price was a lot lower than cheapair.com) which cost about $630. So after booking the flight I went to Coinbase and bought 1 bitcoin.
I paid for the hotel with bitcoins on Expedia for 3 bitcoins. So I turned around and bought 6 bitcoins on Coinbase after that.
Doing it this way, I will be forced to save 50% of all of my spending. And if the price of bitcoin doubles I will have paid for all of my spending up to that point.
And if I spend bitcoins, it does not matter if the price is low when I spend it and goes up after the purchase. That just means I gained money.
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