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Author Topic: How about establish a grand new country whose official money is BTC?  (Read 556 times)
tiggytomb
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September 11, 2017, 04:20:25 PM
 #21

Great idea and we can call it Bitcoinland smilar to Poundoand but everything is slightly more than a pound lol.
FabulousZombie
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September 11, 2017, 04:52:58 PM
 #22

If one day most of countries in the world ban BTC, will someone with a lot of money spend million or even billion of dollars to establish a whole country. In this country, you will exchange with BTC and other crypto. Will you leave your coutry and move to this 'wonderland'?

Realistically: No thats freaking impossible XD. Establishing a whole country with btc? thats freaking impossible . But a government could actually apply this. maybe a small country could do that?
But by doing that they also  risk their people's well-being since btc is unstable.
They would be rich and poor in one moment to another. o.O pretty bad if you ask me.
Not realistically: Yess!! everything is possible!!(That's the point when you are not realistic xD)
Pearls Before Swine
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September 11, 2017, 04:56:22 PM
 #23

This hypothetical country would be hacked into bankruptcy before
you could even blink. That's one of the good things about paper money
and banks.  And this country would probably be like a penal colony
with all the scammers that would no doubt seek asylum there.

Thanks but no thanks.
Loveydovey04
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September 11, 2017, 04:58:43 PM
 #24

If one day most of countries in the world ban BTC, will someone with a lot of money spend million or even billion of dollars to establish a whole country. In this country, you will exchange with BTC and other crypto. Will you leave your coutry and move to this 'wonderland'?
I wonder where would that country be? Who will give or sell a piece of their land to be a country other than theirs? If moon and mars would have been livable maybe could be there.  

Al Amin
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September 13, 2017, 01:26:34 AM
 #25

I do not think 1 century would make people a new country with official bills of bitcoin. Because building a country in need of the land of sovereignty and unity. Moreover, bitcoin is used as official money which is fluctuating and the government must be difficult to arrange it and trade which for any time will change the price due to bitcoin which is fluctuation. Although there are countries that use bitcoin as the official money I still love my nation and my own homeland.

Samueltalk
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September 13, 2017, 03:54:29 AM
 #26

It will be no, a country using crypto currencies is a bad idea, the fluctuation will happened everyday and the retail shop need to change the price everyday and your salary will be fluctuative and the country will be controlled by whale who got a huge amount of Bitcoin, it will be miserable
No country will ever ban bitcoin, for example until today the bitcoin is getting more and more expensive ...
el kaka22
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September 14, 2017, 06:27:07 PM
 #27

It will be no, a country using crypto currencies is a bad idea, the fluctuation will happened everyday and the retail shop need to change the price everyday and your salary will be fluctuative and the country will be controlled by whale who got a huge amount of Bitcoin, it will be miserable
A country must be economically stable or tends to become stable. Reason is, one country have to trade with a huge number of other countries every day. On the flip side, bitcoin have beauty of fluctuation continuously. Then how this water and fire can stay together empowering the economics of country. It is a hell no.

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Jmmerquita
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September 14, 2017, 06:36:47 PM
 #28

it won't happen. It's impossible though maybe a new currency not bitcoin.
super5star
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September 15, 2017, 03:10:44 PM
 #29

If one day most of countries in the world ban BTC, will someone with a lot of money spend million or even billion of dollars to establish a whole country. In this country, you will exchange with BTC and other crypto. Will you leave your coutry and move to this 'wonderland'?
I wonder where would that country be? Who will give or sell a piece of their land to be a country other than theirs? If moon and mars would have been livable maybe could be there.  
This is a great idea and no doubt that country will progress more than other and it economy will have better situation than rest of world if people living in it start working with bitcoins patiently. Bitcoins have the potential of turning unemployed people into useful ones, stabilizing the country economy.
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