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

[amacar2]

Lots of good news are coming at the end of this year about bitcoin, we may touch new ath by 16. Accepted as national currency is quite mindblowing. But bitcoin have to go through several ups and down to be accepted as national and legal currency in europe and america.

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[VeritasSapere]

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

Bitcoin is a currency and a commodity just like the gold and silver coins of ancient times.

[goinmerry]

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

I guess I would rely with these because he is Portugese. He knows a lot better than us. If there are just few people there that is still not counted as a growth for bitcoin. Maybe worst could happen if they use it in different ways.

[AtheistAKASaneBrain]

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.

Right off the fkn' highway.
Such remote.
Very community.

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

Irrelevant. The point still stands: Bitcoin could help a lot of people out there that happen to have access to the internet, but have a really hard time dealing with remittances. Look up a bit the amount of random islands out there with populations ranging from 1000 to 10000 people. All of those will be on Bitcoin in 10 years.

[l8nit3]

Well at least this time its an actual nation, and not just one founded to say 'f*ck the world' https://www.cryptocoinsnews.com/welcome-liberland-bitcoin-national-currency/

[ShrykeZ]

This is nothing major but still a step in a good direction, will probably lead to more people learning about Bitcoin who research into this particular place.

[Erkallys]

Even if I'd have prefered that a "real" country, rich or poor (a lot more probabilities that it would be a poor one), that's still good news. If it come to be recognized as an official national currency by a G20 country, let me tell you that we'll be all rich soon !

[countryfree]

Horrible news!

I wish BTC to remain independent from all countries. It's a cryptocurrency not linked to any territory. Happily, the news are wrong since the country mentioned above doesn't exist in any history book. It only exists in the mind of 4 people from the same family, and the UN have never heard of them.

[pedrog]

...
Irrelevant. The point still stands: Bitcoin could help a lot of people out there that happen to have access to the internet, but have a really hard time dealing with remittances. Look up a bit the amount of random islands out there with populations ranging from 1000 to 10000 people. All of those will be on Bitcoin in 10 years.

Bitcoin could do many things for many people. As could Dogecoin, as could any shitcoin. As could learning to be nice to each other and sharing.
All this is irrelevant to the topic at hand, which is: So...bitcoin is now a national currency
What is relevant is it's a rock, not a country. Regardless of the guy living on it claiming it is.

How is Bitcoin being 'adopted as a national currency' by some guy who lives, basically, under a highway overpass, further this?
Is the fact that the rock next to the highway is not a nation irrelevant also?

@l8nit3 It's not a nation, just some attention-hungry bro exploiting the oh-so-exploitable bitcoiners, who never fact check shit. Not as long as 'it's good fr bitcoin!!1!'

Also no one actually lives there.

Here's a small video showing the "nation" insides:

https://www.youtube.com/watch?v=2cChgVc4FRA

And here's the king or prince:

[lolgato]

It may not be a lot of people but it's a start for bitcoin for going world wide.

[extrabyte]

This is awesome news, is this the reason why bitcoin price has been increased a bit these days?

[QuestionAuthority]

This is awesome news, is this the reason why bitcoin price has been increased a bit these days?

Good lord, ROFL

[l8nit3]

sadly, with some of the points raised here, I think this may become another 'BTC joke'. Many things so far have had a detrimental effect on the price and adoption of bitcoin, hopefully theres something big around the corner.

[amiryaqot]

This kind of great news will open new doors for bitcoin and this would be more helpful to catch attention from so many new investors and big merchants through this and soon it will go to mainstream.

[megatron1337]

I'm not sure how a narcissist lunatic deciding that BTC is the offical currency of his wanna country will help the cause in any way.

[TKeenan]

This is awesome news, is this the reason why bitcoin price has been increased a bit these days?

Good lord, ROFL

A pretty fair portion of our bitcoin community is so fucking dumb - it hurts.  I am starting to think something like 90% are complete imbeciles

[QuestionAuthority]

This is awesome news, is this the reason why bitcoin price has been increased a bit these days?

Good lord, ROFL

A pretty fair portion of our bitcoin community is so fucking dumb - it hurts.  I am starting to think something like 90% are complete imbeciles

Either that or in their very early teens.

[johnyj]

I guess the most possible large country that will recognize bitcoin is Switzerland, their traditional secret banking service has been heavily affected by the US after 911, bitcoin could give them another opportunity

And I have explained in this post  https://bitcointalk.org/index.php?topic=1283729.msg13211430#msg13211430  it does not really matter if there is a country behind bitcoin, because anyway people will not use their precious bitcoin to exchange useless goods and services, they already have fiat money for that purpose. Bitcoin's main advantage is to store value and do international remittance, both resides in finance area. It has almost nothing to do with legacy economy, and is not affected by any legacy economy either

[Mickeyb]

This is awesome news, is this the reason why bitcoin price has been increased a bit these days?

Good lord, ROFL

A pretty fair portion of our bitcoin community is so fucking dumb - it hurts.  I am starting to think something like 90% are complete imbeciles

Either that or in their very early teens.

Man I am ROFL!! This is truly priceless!

[DimensionZ]

So now if China decides to recognize bitcoin as a national currency that surely will have an impact.