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Author Topic: Virtual currencies: Virtual nation with virtual borders. Virtual customs.  (Read 1456 times)
bitsalame
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April 09, 2013, 03:32:55 PM
 #1

In line to what I posted here: https://bitcointalk.org/index.php?topic=169275.0
I've thinking about the economy as a whole and the actual role of the currency.
Currencies have always represented a nation and I think that we ARE a nascent nation, albeit a virtual one, a legitimate one nevertheless.

We must remember the definition of a nation, which is different from a state.
There are stateless nations such as gypsies or even Jewish (until they usurped Palestine).
A nation is simply a group of people with same customs, culture, history, language, etc... A confederation of people.

Now related to that I think that we must have in mind the virtual borders of our current economy, which for now can be represented by every exchange that converts bitcoin to fiat currency.

We must also have in mind the potential dangers of dumping from foreign economies once we have our self-sufficient bitcoin economy.
I think we should develop anti-dumping policies, although I am troubled at imagining its enforcement.
Those are the problems we may be facing in the future and I think we should be prudent enough to debate and think from now.
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April 09, 2013, 03:43:41 PM
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meh
virtual nation and now you want virtual law, whats next virtual police and virtual tax collectors?
bitsalame
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April 09, 2013, 03:48:07 PM
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meh
virtual nation and now you want virtual law, whats next virtual police and virtual tax collectors?
You clearly don't understand what you have just read.
Go back to college and after you learned a bit more come back to this thread.
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April 09, 2013, 03:50:37 PM
 #4

This is the way to think of the Bitcoin community.

I'll add virtual unemployment and virtually no exports.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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April 10, 2013, 01:10:18 PM
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We are seeing a reorganization of society based not on geography but ideology and economics. Welcome to Cipherspace. Perhaps you should start reading the Bitcoin Magazine since it delves into all of this culture.

bitsalame
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April 10, 2013, 01:34:09 PM
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We are seeing a reorganization of society based not on geography but ideology and economics. Welcome to Cipherspace. Perhaps you should start reading the Bitcoin Magazine since it delves into all of this culture.

I am trying to focus on the macroeconomics of bitcoins and in its virtual economical frontiers.
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April 17, 2013, 03:47:46 AM
 #7

This is exactly what I was talking about: http://www.economist.com/blogs/freeexchange/2013/04/exchange-rates?fsrc=rss
I just wasn't creative enough to call us citizens of Bitcoinia, but it is exactly that mentality whats needed to stabilize the bitcoin economy: native products, self-sufficient economy.
Everything we have right now are "imported goods", we need a "national industry" flourishing.
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