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Author Topic: Bitcoin for Iceland  (Read 5094 times)
WiseOldOwl
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October 31, 2011, 03:42:57 PM
 #21

I already wrote the minister of finance. They are not thrilled.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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worldinacoin
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October 31, 2011, 03:47:46 PM
 #22

But Icelanders have a huge advantage over other miners, they do not have to worry about cooling their mining rigs.
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November 01, 2011, 01:40:18 PM
 #23

I already wrote the minister of finance. They are not thrilled.

So they are cooled? What did he said exactly?

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November 01, 2011, 06:08:48 PM
 #24

Maybe they should just back their currency with Bitcoins instead of introducing it as the national currency?

+1

even the US of A could/should do this.
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November 02, 2011, 02:45:42 PM
 #25

Maybe they should just back their currency with Bitcoins instead of introducing it as the national currency?

+1

even the US of A could/should do this.

Why not!  One day my rent would be 100 bitcoins, 2 months later 1000!

Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
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