Which city do you think can be the global bitcoin hub in the future?

[Huobi-USD]

Hello everyone, I am "Hobbit" from BitYes, Huobi's BTC-USD exchange. From now on, BitYes will raise a bitcoin related fun topic each week! Please speak out your fun and creative ideas.

Today's topic is Which city do you think can be the global bitcoin hub in the future? Why? Recently, London staked its claim to be the global bitcoin hub. ( http://www.reuters.com/article/2015/04/15/us-currency-bitcoin-london-insight-idUSKBN0N622320150415) Do you think London will surpass San Francisco with web expertise and New York with financial clout to be the foremost fintech center in the world? Or do you think Amsterdam is more likely because there are so many places you can use bitcoin?

Let us know your fun and valuable ideas!

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[futureofbitcoin]

if bitcoin goes mainstream, it'll really just be the global tech-finance hub.

I hope It'll be in Asia, say Shanghai/Singapore/Tokyo/Seoul, or a combination of those.

[Amph]

better to have it accross multiple hubs, or it would be seen as a centralization thing

anyway the usual city are okish, new york london, but i do like japan zone, to bad there is a restriction there or a ban? i don't remember

[americanpegasus]

Altus, Oklahoma.

[bryant.coleman]

None of the major nations are going to support the Bitcoin. So I expect the global bitcoin hub to come somewhere in the smaller nations. It can come up in the semi-independent nations such as Jersey or the Cayman Islands, or it can be in the nominally independent nations such as Dominica and Grenada. Singapore is another attractive destination, but to be honest, it is a long shot.

[Shindo1988]

Nice, another Bitcoin hub thread.
Wasn't there one the other day asking if London will be the Bitcoin hub?

Is it really that important that Bitcoin has a hub, therefor a central location?

[cryptojumper]

Nice, another Bitcoin hub thread.
Wasn't there one the other day asking if London will be the Bitcoin hub?

Is it really that important that Bitcoin has a hub, therefor a central location?

It is important for bitcoin not to have a central hub actually. It should be as hard as possible and as complicated tas possible to shutdown the network, exchanges and other operations.

[jaberwock]

Denmark maybe, or some other place that has no taxes about BTC gains and little regulation

[hellyeah]

First of all I do not agree that Bitcoin should have a hub.
However, if I was to guess where that hub would be, my bet would be in Amsterdam.

[Mikestang]

Bitcoin it about decentralizing, a central hub is the exact opposite.

[hellyeah]

Bitcoin it about decentralizing, a central hub is the exact opposite.

Exactly, however, Bitcoin is slowly being led to centralization.
Sooner or later most of the large mining operations will vanish due to the expenses of maintaining the operation.
Only the few that can handle the "heat" will survive, and once everyone else is gone, they will be central authority.
- True story - Satoshi said so himself

[Huobi-USD]

if bitcoin goes mainstream, it'll really just be the global tech-finance hub.

I hope It'll be in Asia, say Shanghai/Singapore/Tokyo/Seoul, or a combination of those.

I'm glad you mentioned Shanghai as we based in China. And the receptivity of bitcoin in South Korea and Singapore is quite high.

[Honeybooboo]

None of the major nations are going to support the Bitcoin. So I expect the global bitcoin hub to come somewhere in the smaller nations. It can come up in the semi-independent nations such as Jersey or the Cayman Islands, or it can be in the nominally independent nations such as Dominica and Grenada. Singapore is another attractive destination, but to be honest, it is a long shot.

Why not? London seems to be positive about bitcoin with even some politicians like George Osbourne encouraging it.

Bitcoin it about decentralizing, a central hub is the exact opposite.

Hub is just a silly buzzword journalists like to use. Means nothing really, but its natural that bitcoin adoption will start off in smaller places and businesses grow around it. Hopefully this happens all over the world rapidly not just one or two places.

[Whitehouse]

Nice, another Bitcoin hub thread.
Wasn't there one the other day asking if London will be the Bitcoin hub?

Is it really that important that Bitcoin has a hub, therefor a central location?

Yes there was: https://bitcointalk.org/index.php?topic=1039267.0

I'll reiterate what I said in there:

I don't get why people are so concerned with making certain cities bitcoin 'hubs' or 'capitals'. Isn't the biggest thing about bitcoin it being decentralized and essentially boderless? We don't need any central places so lets concentrate on spreading adoption far and wide rather than trying to get clusters in cities.

[TheButterZone]

Galt's Gulch

[--Encrypted--]

it looks to me that OP only wanted to do some advertising by using this not very clever article.

[Huobi-USD]

Nice, another Bitcoin hub thread.
Wasn't there one the other day asking if London will be the Bitcoin hub?

Is it really that important that Bitcoin has a hub, therefor a central location?

Yes there was: https://bitcointalk.org/index.php?topic=1039267.0

I'll reiterate what I said in there:

I don't get why people are so concerned with making certain cities bitcoin 'hubs' or 'capitals'. Isn't the biggest thing about bitcoin it being decentralized and essentially boderless? We don't need any central places so lets concentrate on spreading adoption far and wide rather than trying to get clusters in cities.

The "Hub" here probably refers to a place where people gathered to establish bitcoin business. When bitcoin develops into a new level that don't need them to maintain bitcoin's status, then the "hub" will eventually vanish. As for this phase, I think a hub is good for bitcoin.

[TheNewAnon135246]

Denmark maybe, or some other place that has no taxes about BTC gains and little regulation

Holland doesn't have taxes on BTC (yet). Amsterdam is starting to accept Bitcoin more and more and it attracts a lot of tourists. I smell a business opportunity

[MicroGuy]

Today's topic is Which city do you think can be the global bitcoin hub in the future? Why?

I'm not so sure that bitcoin has a future. It seems to me that the real innovation is occurring on alternate blockchains.

In my view, Bitcoin needs Satoshi to return and to continue inventing and innovating. Right now bitcoin development is nil. It's like what if Henry Ford died and they had just kept cranking out Model T's. People like cup holders, rear view mirrors, and power steering.

[futureofbitcoin]

Today's topic is Which city do you think can be the global bitcoin hub in the future? Why?

I'm not so sure that bitcoin has a future. It seems to me that the real innovation is occurring on alternate blockchains.

In my view, Bitcoin needs Satoshi to return and to continue inventing and innovating. Right now bitcoin development is nil. It's like what if Henry Ford died and they had just kept cranking out Model T's. People like cup holders, rear view mirrors, and power steering.

Not a good example. Money doesn't work that way. People can't just change from one form of money to another like replacing a chair or something.

It's more like using a president for one issue, and then electing a new president for the next issue. It won't work that way.


EDIT: Actually a better way to put it is, even if those little accessories like cup holders are useful, I think most people would prefer a lambourghini without a cup holder to a horse with a cup holder strapped on.

altcoins are missing the biggest thing bitcoin has (more of), which is network effects. Even if it was marginally better, it lags behind so far in the most important criteria that it just won't be used (as much).