Paying a Small Country to Make Bitcoin an ADITIONAL Official Currency

[ajareselde]

http://geography.about.com/cs/countries/a/smallcountries.htm

There are recognized countries that have only 13,000 - 50,000 citizens. Imagine we can gather 1BTC from each of 100,000 Bitcoin believers. That would be quite some money for a small country that does not happen to be tax haven.

In Germany Bitcoin is already treated like a foreign currency but it might still make things more certain. Also there might be benefits from such an action for the status of Bitcoin in other countries. It would sure make it more difficult to ban.

What do you say?


edited for brevity

edit: The main purpose of this project would be to make Bitcoin an official currency so that there is a higher legal certainty in OTHER countries. Also it might be more difficult to prohibit a foreign currency.
It is not necessary that anybody in the small country actually uses Bitcoin.

every country is printing their own money, they dont need(want) bitcoin to replace their currency.
if you want to see real price spikes, bitcoin needs wall.st , nothing more, nothing less

[1Nuke1]

you dont need to money grab millions to buy an island to do this..

just find an island that already has freedom of laws away from whatever mainland/continent. (which you would need to do anyway if you were to buy an island)

and simply not need to money grab multi-million dollar land purchase, to instead cheaply switch the inhabitants over to bitcoin with my last idea..

again making an island bitcoin friendly, is making it a concentration camp... think bigger.. make the world bitcoin friendly and get laws changed.

using the quoted post about poland and VAT. if the polish want an island that is VAT free for bitcoins.. come to england, itsa nice big island, you can do your trades without issues and you can get many merchants, hotels, vacation spots to accept bitcoin.. if ngland is too big for you, come to isle of man or jersey, smaller island, again no need to purchase it, again tax rules on bitcoin dont apply.. and even better people are already starting some bitcoin stuff on these smaller islands.

.......
oh wait its not about the island.. its about being fund managers of a massive money grab... i see finshaggy inspired operation of greed, rather then actually producing something of value.

if you are willing to get off your sofa to dig sewers and ditches to lay pipes and cables to build an island. then go use that same energy to change laws by lobbying,.. its far cheaper and closer to home for you. if your not into lobbying but want financial freedom o an island. then pack your bags you can move to one today, without needing to buy the whole island

You do not understand. For me it is important to state announced Bitcoin as its currency.

Then Poland and other countries will not require silly taxes, from not know which, because bitcoin will be the legal currency.

In Poland, a few million is not able to lobby marijuana over many years, and look at handful and bitcoin.

[Beliathon]

Would it not perhaps be better to simply have bitcoin recognised as a currency in its own right by institution like the EU and the US?

Seeking legitimacy from nation-states is both bad form and poor strategy.

Nation-states CANNOT lend Bitcoin any legitimacy, because they have none to give. All nations derive their authority from violence, and are therefore illegitimate entities to be despised and resisted.

Bitcoin is sovereign above all nations, because it does NOT depend on violence for its value. Bitcoin is the first form of money in the history of Earth with this unique and vitally important characteristic.

Yours in compassion and solidarity,

World Citizen Beliathon

[phelix]

Wrong, wrong, wrong.
The Bitcoin Country is in order to make bitcoin more legal.
[...]

This!!! Nobody actually needs to use Bitcoins for this anywhere. Updated the OP to make things more clear.