So...bitcoin is now a national currency ("nation" of 4 people)

[pedrog]

Not a country, not an island, just a building:

He is a funny guy, one can even say he is a joke.

He bought a building in 2000 that has a particular history in Portugal because it was sold by the king of Portugal when the country was broke in 1903.

He clearly likes monarchy and likes people to call him "Your Majesty".

Here's the building:

https://www.google.pt/maps/place/Funchal/@32.64118,-16.9180759,142m/data=!3m1!1e3!4m2!3m1!1s0xc605fc3501f8bab:0xffd84d2c15cda139!6m1!1e1

[chennuan]

this is complete crap! I'm Portuguese and that island is basically a joke... the guy thinks he's a king of that place, or something like that, lol! And yes, nobody lives there basically, and there is no commerce... no real places to use Bitcoin, to make it circulate.

as discussed on this forum quite a few times, Bitcoin can't really be a national currency but it can be widely adopted... But on places where more than half a dozen people live and where there's commerce

Maybe you're right, Bitcoin is decentralized and freedom, not a government will start them can not control the money

[krunox123]

No matter how small the "island" is, this is a good start. Who knows, maybe next year Bitcoin will be a foreign currency in every country.

[Kprawn]

Good title, but seriously this bit of land is 178m,sq .  Hardly a world leader in global finance.  We use Bitcoin in my house also, and you know what they say, "every English mans home is his castle"  so on my lands i decree that Bitcoin is the national currency also.

My info differ from yours.... The wiki says it has a area of 4.64 km2 ---> https://en.wikipedia.org/wiki/Pontinha_%28Odivelas%29 .... It's a start... let's not underestimate the

significance of this....  It's a sovereign nation and they using Bitcoin as a national currency... They are setting a example for other bigger nations to follow. It's one small step, but one

giant leap for Bitcoin. 

[pedrog]

Good title, but seriously this bit of land is 178m,sq .  Hardly a world leader in global finance.  We use Bitcoin in my house also, and you know what they say, "every English mans home is his castle"  so on my lands i decree that Bitcoin is the national currency also.

My info differ from yours.... The wiki says it has a area of 4.64 km2 ---> https://en.wikipedia.org/wiki/Pontinha_%28Odivelas%29 .... It's a start... let's not underestimate the

significance of this....  It's a sovereign nation and they using Bitcoin as a national currency... They are setting a example for other bigger nations to follow. It's one small step, but one

giant leap for Bitcoin.  

That is not the same Pontinha, check my previous post.

[DarkHyudrA]

Comon.. this is a joke.. Its a family of 4 people

Thank God, at least one not hyped comment.

[JeWay]

I hope Bitcoin will go more higher, not just a national currency but an international currency

[maokoto]

It is more a curiosity, but is nice it get some advertising and discussion. If it gets people talking about Bitcoin, that is something.

As for other countries taking notice of it to change their points of view about Bitcoin, it does not seem it is going to be so  

[bob123]

4 citizen

Well.. its the beginning! BTC

[partysaurus]

Awsome news! good find

[QuestionAuthority]

World class troll post Elwar! I'm impressed. lol

[calkob]

 Yeah but your a fictional character who dosn't actually exist in real life....... size does matter....

or should i say "errrr, fictional you are, in real life you do not exist, matter size does"  

[LiteCoinGuy]

So this small island off of Portugal, Principality of the Pontinha, has been a sovereign nation by royal decree since the 1400s. It has been handed down and changed hands a few times. The current leader has decreed that bitcoin is the nation's official currency.

This could literally kick off a lot of things. Bitcoin would officially become a foreign currency for all nations.

Equador, which is the only country to actually pass a law banning Bitcoin (which the law only banned Bitcoin from running on its banking network) had a stipulation that it would be recognized if it became a national currency. So by passing such a law...they may have potentially forced themselves to recognize bitcoin as an official currency.

I wonder how US will deal with considering Bitcoin a commodity when it is officially a foreign currency as well.


http://www.newsbtc.com/2015/12/13/bitcoin-atlantis-currency/

no it is not because that is only a clown country.

[calkob]

Good title, but seriously this bit of land is 178m,sq .  Hardly a world leader in global finance.  We use Bitcoin in my house also, and you know what they say, "every English mans home is his castle"  so on my lands i decree that Bitcoin is the national currency also.

My info differ from yours.... The wiki says it has a area of 4.64 km2 ---> https://en.wikipedia.org/wiki/Pontinha_%28Odivelas%29 .... It's a start... let's not underestimate the

significance of this....  It's a sovereign nation and they using Bitcoin as a national currency... They are setting a example for other bigger nations to follow. It's one small step, but one

giant leap for Bitcoin. 

The Principality of the Pontinha (Portuguese: Principado da Pontinha or Principado do Ilhéu da Pontinha), is located about 70 meters off Madeira Island, the principal island of the archipelago, and with Porto Santo Island the only inhabited island. It has an area of about 178 square metres, or 1,916 square feet.

http://fifthworld.wikia.com/wiki/Principality_of_the_Pontinha

[HeroCat]

BTC is national currency for 4 ( four ) people in this small island. I think it is not very large country 

[cellard]

This is great. We sometimes forget that out there, people live in really remote islands. It's actually pretty shocking to thing but it happens a lot. People in the middle of the nowhere surrounded by water. All those places get internet due satellites, but usually have a lot of problems when dealing with international transactions. Bitcoin would be able to deliver instant international commerce to all those remote islands.

[Daniel91]

BTC is national currency for 4 ( four ) people in this small island. I think it is not very large country 

Any way, at least this is some official start for bitcoin.
We had to start somewhere, isn't it?
Hopefully soon bigger countries will follow.

[TKeenan]

This is good to hear that bitcoins is a National Currency.

Well, this place 'Atlantis' is not actually a nation.  They hope they can organize a nation.  It might turn out to be a bit harder than they imagine.  But hey, everyone has fantasies.

[techmanuk]

This is great. We sometimes forget that out there, people live in really remote islands. It's actually pretty shocking to thing but it happens a lot. People in the middle of the nowhere surrounded by water. All those places get internet due satellites, but usually have a lot of problems when dealing with international transactions. Bitcoin would be able to deliver instant international commerce to all those remote islands.

That's what I think too.

Bitcoin can be the answer to a real problem that these remote communities experience and can bring them into the digital age.

[bitraine]

national currency hell no , bitcoin is much like a commodity. .