Bitcoin just became the national currency of the tiny island Pontinha

[Beraturker]

A self-proclaimed country off the coast of Portugal. making it “the first country in the world” to make bitcoin its official currency, as its prime minister Joby Weeks announced.

It was bought by Renato Barros in 2007.. He is living there with his family..



http://www.theguardian.com/lifeandstyle/2014/nov/14/experience-i-founded-my-own-country?CMP=fb_gu

https://letstalkbitcoin.com/blog/post/disruptekinfo-prime-minister-of-pontinha-discusses-naming-bitcoin-as-official-currency

http://www.cityam.com/230848/bitcoin-just-became-the-national-currency-of-atlantis-really

https://www.cryptocoinsnews.com/micronation-adopts-bitcoin-official-currency/

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

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[lolgato]

This is hilarious it's just apiece of rock slightly away from the country with a family.

[Luqman]

It's just a small country, I dont hope Bitcoin to be my national currency but to be accepted every merchants in my country it just enough for me..

[DarkStar_]

It's just a small country, I dont hope Bitcoin to be my national currency but to be accepted every merchants in my country it just enough for me..

I agree with this.
It's cool and all that, but it's so small so it does not really matter.

[montreal]

don't forget Liberland!

[Beraturker]

don't forget Liberland!

Oh, is it official ?

I saw that it was formed.. no tax, bitcoins..
But i am not sure if it is official.

[Yakamoto]

Well I'm not surprised that a small country would be interested in declaring such a valued currency as it's official currency, however I doubt this actually means such in the real world. If the country had more resources, was a bit more of a voice in the political assemblies, among other things, and then I'd take it more seriously.

[Gleb Gamow]

http://www.coinspeaker.com/2015/12/15/micronation-calling-itself-atlantis-adopted-bitcoin-as-national-currency/

“If I decide I want to have a national song, I can choose it, and I can change it any time. The same with my flag – it could be blue today, red tomorrow. Of course, my power is only absolute here, where I am the true sovereign,” he added.

Now Prince Renato Barros dares to talk about the future and says that his good relations with the Brazilian Government could one day open the door of entry to Europe. By the way the island is in the process of being renamed Atlantis after the mythical lost civilization.

Getting a new status of national currency can have a good impact on bitcoin development. There is a possibility to establish a centralised Bitcoin bank and anchor to corporations that can legally represent cryptocurrency fueled companies across the world and cyberspace.

The idea of having a small country with a Bitcoin-based economy is not new. The Isle of Man, a self-governing nation of around 80,000 people, has been attempting to lure Bitcoin-based companies for the past 18 months.

Barros not only contributes to the promotion of bitcoin, but inspires to follow your dreams, no matter how increadible they are. “Our lives are gone in a flash. My son is 27 and if I were his age, I would probably sell the island and buy a Ferrari. But I am 56 years old, and I want to enjoy everything I have. Pontinha means “a point”. All change in the world begins with something very small, and this is my country – just a little point.”

I suggest that Pontinha's flag be a solid orange with a relatively small black point in its middle.

Those who pledge their allegiance to Pontinha would fly its flag at their place of residency or business.

[Raimonn]

If its only an small isle with only one family i will not call it a country. There are small countries that are only one town, but i think that they have a big amount of people.

[Monnt]

A self-proclaimed country off the coast of Portugal. making it “the first country in the world” to make bitcoin its official currency, as its prime minister Joby Weeks announced.

It was bought by Renato Barros in 2007.. He is living there with his family..

It's good to hear. Now the BTC price will go up even more! I hope that they denominate everything in BTC though, unrelated to USD or other fiat currencies so that it can help the price stabilise a bit

[Beraturker]

http://www.coinspeaker.com/2015/12/15/micronation-calling-itself-atlantis-adopted-bitcoin-as-national-currency/

“If I decide I want to have a national song, I can choose it, and I can change it any time. The same with my flag – it could be blue today, red tomorrow. Of course, my power is only absolute here, where I am the true sovereign,” he added.

Now Prince Renato Barros dares to talk about the future and says that his good relations with the Brazilian Government could one day open the door of entry to Europe. By the way the island is in the process of being renamed Atlantis after the mythical lost civilization.

Getting a new status of national currency can have a good impact on bitcoin development. There is a possibility to establish a centralised Bitcoin bank and anchor to corporations that can legally represent cryptocurrency fueled companies across the world and cyberspace.

The idea of having a small country with a Bitcoin-based economy is not new. The Isle of Man, a self-governing nation of around 80,000 people, has been attempting to lure Bitcoin-based companies for the past 18 months.

Barros not only contributes to the promotion of bitcoin, but inspires to follow your dreams, no matter how increadible they are. “Our lives are gone in a flash. My son is 27 and if I were his age, I would probably sell the island and buy a Ferrari. But I am 56 years old, and I want to enjoy everything I have. Pontinha means “a point”. All change in the world begins with something very small, and this is my country – just a little point.”

I suggest that Pontinha's flag be a solid orange with a relatively small black point in its middle.

Those who pledge their allegiance to Pontinha would fly its flag at their place of residency or business.

Yea nice one i think..

Here is the facebook link of joby weeks.. prime minister

send him that suggestion..

https://www.facebook.com/jobyweeks?fref=photo

[megatron1337]

Watch out for the USA attacking this country in order to 'liberate'  it.

[Gleb Gamow]

http://www.coinspeaker.com/2015/12/15/micronation-calling-itself-atlantis-adopted-bitcoin-as-national-currency/

“If I decide I want to have a national song, I can choose it, and I can change it any time. The same with my flag – it could be blue today, red tomorrow. Of course, my power is only absolute here, where I am the true sovereign,” he added.

Now Prince Renato Barros dares to talk about the future and says that his good relations with the Brazilian Government could one day open the door of entry to Europe. By the way the island is in the process of being renamed Atlantis after the mythical lost civilization.

Getting a new status of national currency can have a good impact on bitcoin development. There is a possibility to establish a centralised Bitcoin bank and anchor to corporations that can legally represent cryptocurrency fueled companies across the world and cyberspace.

The idea of having a small country with a Bitcoin-based economy is not new. The Isle of Man, a self-governing nation of around 80,000 people, has been attempting to lure Bitcoin-based companies for the past 18 months.

Barros not only contributes to the promotion of bitcoin, but inspires to follow your dreams, no matter how increadible they are. “Our lives are gone in a flash. My son is 27 and if I were his age, I would probably sell the island and buy a Ferrari. But I am 56 years old, and I want to enjoy everything I have. Pontinha means “a point”. All change in the world begins with something very small, and this is my country – just a little point.”

I suggest that Pontinha's flag be a solid orange with a relatively small black point in its middle.

Those who pledge their allegiance to Pontinha would fly its flag at their place of residency or business.

Yea nice one i think..

Here is the facebook link of joby weeks.. prime minister

send him that suggestion..

https://www.facebook.com/jobyweeks?fref=photo

To visualize, this is what I propose, albeit the black dot could be a tad larger, but not by much.

[Bitcoinpro]

hey Jobby wat did it feel like to kill Autum Ratke?

u think i cant see through ur bs

maybe we should actually put u on that island

and rename it Alcatraz

[Bitcoinpro]

Thread has been reported for deletion

[teddy5145]

A self-proclaimed country off the coast of Portugal. making it “the first country in the world” to make bitcoin its official currency, as its prime minister Joby Weeks announced.

It was bought by Renato Barros in 2007.. He is living there with his family..

It's good to hear. Now the BTC price will go up even more! I hope that they denominate everything in BTC though, unrelated to USD or other fiat currencies so that it can help the price stabilise a bit

I don't think the price will go up that significantly, i mean it's just a small nation bought by a person just to live with his family, so i don't expect much from this news regarding the price of Bitcoin
But i gotta say, this news is unique in its own way
Is his island for sale for BTC

[Bitcoinpro]

A self-proclaimed country off the coast of Portugal. making it “the first country in the world” to make bitcoin its official currency, as its prime minister Joby Weeks announced.

It was bought by Renato Barros in 2007.. He is living there with his family..

It's good to hear. Now the BTC price will go up even more! I hope that they denominate everything in BTC though, unrelated to USD or other fiat currencies so that it can help the price stabilise a bit

I don't think the price will go up that significantly, i mean it's just a small nation bought by a person just to live with his family, so i don't expect much from this news regarding the price of Bitcoin
But i gotta say, this news is unique in its own way
Is his island for sale for BTC

its bull dude

stop playing stupid

i got ten rocks they all independant islands named Bitcoin

[BTCBinary]

It is not as the media tells. Pontinha actually belongs to the Island of Madeira which is part of Portugal. So, "Prince Renato" from Pontinha will always be forced to use Euros and abide by the Laws of Portugal.

[pedrog]

Not a country and no one lives there.

He can make the Zimbabwe dollar his 'official' currency, no one cares.

https://www.google.pt/maps/@32.641079,-16.9178078,337m/data=!3m1!1e3

[Beraturker]

Not a country and no one lives there.

He can make the Zimbabwe dollar his 'official' currency, no one cares.

https://www.google.pt/maps/@32.641079,-16.9178078,337m/data=!3m1!1e3

http://www.theguardian.com/lifeandstyle/2014/nov/14/experience-i-founded-my-own-country?CMP=fb_gu

[rekinthis]

A self-proclaimed country off the coast of Portugal. making it “the first country in the world” to make bitcoin its official currency, as its prime minister Joby Weeks announced.

It was bought by Renato Barros in 2007.. He is living there with his family..



http://www.theguardian.com/lifeandstyle/2014/nov/14/experience-i-founded-my-own-country?CMP=fb_gu

https://letstalkbitcoin.com/blog/post/disruptekinfo-prime-minister-of-pontinha-discusses-naming-bitcoin-as-official-currency

http://www.cityam.com/230848/bitcoin-just-became-the-national-currency-of-atlantis-really

https://www.cryptocoinsnews.com/micronation-adopts-bitcoin-official-currency/

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

well population is tiny i guess there, up to 10 peoples but it's still a good thing for bitcoin, it won't change price but it's okay

also would be funny to see what would happen/how they would react to fact that bitcoin would die, they would change currency to euro like Portugal? or maybe their own currency

[onlinedragon]

Revolutionary to claim to be the first country who will use Bitcoin as national currency. Maybe the first and last one who dare to do this.

[RodeoX]

The answer is no because this place is not a country at all. And like 5 people live there. 

[tn211]

The answer is no because this place is not a country at all. And like 5 people live there. 

Why so negative. It's a start. From here the price is likely to go up. And bitcoin can get some traction. In the end it makes bitcoin more reliable to some countries since others were before them...

Remember people.. baby steps..

[RyNinDaCleM]

This is retarded 

[pedrog]

The answer is no because this place is not a country at all. And like 5 people live there. 

Why so negative. It's a start. From here the price is likely to go up. And bitcoin can get some traction. In the end it makes bitcoin more reliable to some countries since others were before them...

Remember people.. baby steps..

No one lives there.

[alyssa85]

I was excited for a minute when I clicked the link, till I realised it was just a small family adopting BTC 

[Hirose UK]

wow that's awesome! never thought a small island like that have guts to set bitcoin as its official currency while big countries are still thinking to make it legal or not.

[keystroke]

And so it begins!

[iram66680]

I know this is old news as I heard it about it late last year. But with other countries banning it or calling it terrorist money, then this is welcomed news. Since it has been more than 4 months, what has changed. I heard they are putting up a new flag to show their dedication to the coin.

[nostal02]

At least thats a first move to see even a tiny island is using bitcoin as its main currency,im sure that 3rd world country should also start using this so that dollars cant manipulate their industry and currency.

[randy8777]

i don't understand why some people get excited about this. just a few people live on that island. it doesn't do anything for bitcoin.

[pedrog]

Ok, gonna post this again:

No one lives there, 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