Paying a Small Country to Make Bitcoin an ADITIONAL Official Currency

[yolo2222]

Tuvalu...
Couldn't that country invest in couple of upcoming ASICs mining rigs if the bitcoin was green lighted over there?
They could also become the Cayman islands for bitcoins with cold wallets inside "climate controlled", hurricane proof buried bunkers. They could rent them out like a physical bitcoin bank. All in bitcoin of course.
They could include the definition and protection of crypto currency into their constitution and becoming, not just a new Cayman Island, but a new Switzerland for crypto.

It is not so much to pay out a country. If the country believes in the cause, no matter how little they can contribute by investing into the program (lands, etc), then slowly but surely bitcoin millionaires will come, if Tuvalu builds it.

+1

[manfred]

Tuvalu, well i been there.
The country basically survives from an Australian, New zealand trust fund.
Would they give up membership of world bank and asian develpment bank and risk relations form the hand who feeds them for some for ASICS they would have to buy?? Who is going to explain to them what a bitcoins is, most struggle to read a newspaper.
Bunkers, the majority of the useful land is 1 meter above high tide make in the middle of the ocean.  Who is paying for upgrading internet infrastructure in the middle of the ocean??

Tuvalu is a member of the World Bank and the Asian Development Bank.
Tuvalu maintains close relations with Fiji, New Zealand, Australia, Japan, South Korea, the United Kingdom and the European Union. It has diplomatic relations with the Republic of China (Taiwan); the ROC maintains the only resident embassy in Tuvalu and has a large assistance programme in the islands.
Tuvalu is party to a treaty of friendship with the United States,

The highest elevation is 4.6 metres (15 ft) above sea level on Niulakita, which gives Tuvalu the second-lowest maximum elevation of any country (after the Maldives). However, the highest elevations are typically in narrow storm dunes on the ocean side of the islands which are prone to overtopping in tropical cyclones, as occurred with Cyclone Bebe, which was a very early-season storm that passed through the Tuvaluan atolls in October 1972.
Because of the low elevation, the islands that make up this nation are threatened by current and future sea level rise.
Additionally, Tuvalu is annually affected by king tide events which peak towards the end of the austral summer, and raise the sea level higher than a normal high tide. As a result of historical sea level rise, the king tide events lead to flooding of low lying areas, which is compounded when sea levels are further raised by La Niña effects or local storms and waves. In the future, sea level rise may threaten to submerge the nation entirely as it is estimated that a sea level rise of 20–40 centimetres (8–16 inches) in the next 100 years could make Tuvalu uninhabitable.

[Operatr]

Target a country like Greece, their citizens are desperate for a way out of the banking system that has done nothing but mercilessly screw them all.

[Wilikon]

Tuvalu, well i been there.
The country basically survives from an Australian, New zealand trust fund.
Would they give up membership of world bank and asian develpment bank and risk relations form the hand who feeds them for some for ASICS they would have to buy?? Who is going to explain to them what a bitcoins is, most struggle to read a newspaper.
Bunkers, the majority of the useful land is 1 meter above high tide make in the middle of the ocean.  Who is paying for upgrading internet infrastructure in the middle of the ocean??

Tuvalu is a member of the World Bank and the Asian Development Bank.
Tuvalu maintains close relations with Fiji, New Zealand, Australia, Japan, South Korea, the United Kingdom and the European Union. It has diplomatic relations with the Republic of China (Taiwan); the ROC maintains the only resident embassy in Tuvalu and has a large assistance programme in the islands.
Tuvalu is party to a treaty of friendship with the United States,

The highest elevation is 4.6 metres (15 ft) above sea level on Niulakita, which gives Tuvalu the second-lowest maximum elevation of any country (after the Maldives). However, the highest elevations are typically in narrow storm dunes on the ocean side of the islands which are prone to overtopping in tropical cyclones, as occurred with Cyclone Bebe, which was a very early-season storm that passed through the Tuvaluan atolls in October 1972.
Because of the low elevation, the islands that make up this nation are threatened by current and future sea level rise.
Additionally, Tuvalu is annually affected by king tide events which peak towards the end of the austral summer, and raise the sea level higher than a normal high tide. As a result of historical sea level rise, the king tide events lead to flooding of low lying areas, which is compounded when sea levels are further raised by La Niña effects or local storms and waves. In the future, sea level rise may threaten to submerge the nation entirely as it is estimated that a sea level rise of 20–40 centimetres (8–16 inches) in the next 100 years could make Tuvalu uninhabitable.

I am still not convinced why Tuvalu is not the best place on Earth to keep my cold wallet though...



(sarcasm)

[manfred]

I am still not convinced why Tuvalu is not the best place on Earth to keep my cold wallet though...

Damn good place for the cold walled indeed.

The only logical place for Bitcoin to be the Official currency would be Satoshies residence,  Iceland.   
https://bitcointalk.org/index.php?topic=186686.0

[yolo2222]

http://www.youtube.com/watch?v=0vVCSUafFVI


slab city anyone?

[manfred]

http://www.youtube.com/watch?v=0vVCSUafFVI

slab city anyone?

Not sure about slab city but a serious contented would have to be "Christiania" in Copenhagen. Its a Anarchist community in the middle of Copenhagen. Its got about 1000 inhabitants and they do actually use there one currency (the Løn ). It was formed in 1971 and they only have 9 Rules, an open cannabis trade, exempt from smoking ban. A truly driving futuristic community. here is a wiki-link.

http://en.wikipedia.org/wiki/Freetown_Christiania

[yolo2222]

http://www.youtube.com/watch?v=0vVCSUafFVI

slab city anyone?

Not sure about slab city but a serious contented would have to be "Christiania" in Copenhagen. Its a Anarchist community in the middle of Copenhagen. Its got about 1000 inhabitants and they do actually use there one currency (the Løn ). It was formed in 1971 and they only have 9 Rules, an open cannabis trade, exempt from smoking ban. A truly driving futuristic community. here is a wiki-link.

http://en.wikipedia.org/wiki/Freetown_Christiania

+1

wow, i was going to post that city, but had forgotten the name.
Google gave me slabcity, which is a joke.




but christiania is a good thought worth!

[Anon136]

http://geography.about.com/cs/countries/a/smallcountries.htm

There are recognized countries that have only 13,000 - 50,000 citizens. Imagine we can gather 1BTC from each of 100,000 Bitcoin believers. That would be quite some money for a small country that does not happen to be tax haven.

In Germany Bitcoin is already treated like a foreign currency but it might still make things more certain. Also there might be benefits from such an action for the status of Bitcoin in other countries. It would sure make it more difficult to ban.

What do you say?


edited for brevity

you have to make sure they are truly recognized by the international community as soveriegn. But yes count me in, i would pay 1 bitcoin.

[manfred]

you have to make sure they are truly recognized by the international community as soveriegn. But yes count me in, i would pay 1 bitcoin.

 Freetown Christiania is not truly recognized by the international community, but the "Principality of Hutt River" claims to be an independent sovereign state having achieved legal status on 21 April 1972, although it remains unrecognised except by other micronations. It has 30 full time residents, and 13,000-18,000  overseas citizens and is 75 square kilometres big, its one flag currency, seal and passport. Any Aussies here who would have a chat with Prince Leonard I of Hutt ?

Wikilink http://en.wikipedia.org/wiki/Principality_of_Hutt_River

[Anon136]

you have to make sure they are truly recognized by the international community as soveriegn. But yes count me in, i would pay 1 bitcoin.

 Freetown Christiania is not truly recognized by the international community, but the "Principality of Hutt River" claims to be an independent sovereign state having achieved legal status on 21 April 1972, although it remains unrecognised except by other micronations. It has 30 full time residents, and 13,000-18,000  overseas citizens and is 75 square kilometres big, its one flag currency, seal and passport. Any Aussies here who would have a chat with Prince Leonard I of Hutt ?

Wikilink http://en.wikipedia.org/wiki/Principality_of_Hutt_River

wait are you saying that you are "Prince Leonard I of Hutt"?

sorry but the prospects for a landlocked nation with only 1 neighboring country are not so great   You really need access to an ocean or atleast 2 neighbors (so you can play the off each other).

[Maciek]

http://geography.about.com/cs/countries/a/smallcountries.htm

There are recognized countries that have only 13,000 - 50,000 citizens. Imagine we can gather 1BTC from each of 100,000 Bitcoin believers. That would be quite some money for a small country that does not happen to be tax haven.

AND
What about creating our own country?
+1

Where to send 1 btc from me?

//

Some of those? Or maybe some with LOW PKB?
229     Nauru    9,945    October 30, 2011    0.00014%    2011 census result
228     Tuvalu    11,264    July 1, 2012    0.00016%    Yearly official estimate
212     Saint Kitts and Nevis    51,970    July 1, 2009    0.00073%    Yearly official estimate
204     Dominica    71,293    May 14, 2011    0.001%    Preliminary 2011 census result
194     Grenada    103,328    May 12, 2011    0.0015%    2011 census result
193     Kiribati    104,573    July 1, 2012    0.0015%    Yearly official estimate
189     Saint Lucia    166,526    May 10, 2010    0.0024%    Preliminary 2010 census result

http://en.wikipedia.org/wiki/List_of_countries_by_population

185     Tuvalu    37
184     Kiribati    173
183     Marshall Islands    182
182     São Tomé and Príncipe    264
181     Tonga    476
180     Dominica    497
179     Comoros    600
178     Samoa    683
177     Saint Vincent and the Grenadines    712

ESCROW
@ John (John K.)
I could send 1st btc even now

//
Expect some media attention in this topic

EDIT:
We are on Reddit:
http://www.reddit.com/r/Bitcoin/comments/1d89bs/bitcoin_users_plan_to_buy_a_small_country/

[Anon136]

http://geography.about.com/cs/countries/a/smallcountries.htm

There are recognized countries that have only 13,000 - 50,000 citizens. Imagine we can gather 1BTC from each of 100,000 Bitcoin believers. That would be quite some money for a small country that does not happen to be tax haven.

AND
What about creating our own country?
+1

Where to send 1 btc from me?

seriously if someone big in the bitcoin community would just get behind this than we really could do it. Everyone talk so much no one ever starts taking steps.

[Spekulatius]

Why do you want to pay another country to adopt Bitcoin if it doesnt fully support the idea in the first place?
All you probably get is some law in their codes that states that "Bitcoin" is officially second legal tender in that state, a PR hit and thats it. They will probably not take any more efforts to propone the use or protection of Bitcoin in any way. They may even reverse all those steps as soon as another party apporaches them with a bigger reward/stick in their hands.

Why not try to pursuade any nation to adopt Bitcoin because they would indeed profit from the decision?
This way you get the "full faith and recognition" of the nation, and I know thats worth a lot to some people.
You get an active economy that uses Bitcoin instead of one that rather sticks to its old ways and lots of PR hits in the time to come.
The recent Zimbabwe example was probably a hoax but a realistic one at that. A country like Zimbabwe might very well look at the possible merrits of such a decision and decide for its country to adopt Bitcoin because it would provide an improvement to its current status.

Just my 22M BTC

[Benson Samuel]

You are free to declare yourself a country, anytime, and anywhere. However, nobody will take you seriously, which translates to the simple truth that you will have no legitimacy as a nation.

http://www.wikihow.com/Start-Your-Own-Country

[Maciek]

You are free to declare yourself a country, anytime, and anywhere. However, nobody will take you seriously, which translates to the simple truth that you will have no legitimacy as a nation.

http://www.wikihow.com/Start-Your-Own-Country

How about - to convince  51% of citizens (Tuvalu / Nauru) - in legal campaign - to vote for Bitcoin President and Bitcoin Prime Minister?

[manfred]

wait are you saying that you are "Prince Leonard I of Hutt"?

No. Aussie is just slang for Australian and thought a resident might want to phone the prince. Of all nations i think the Principality of Hutt it is the best option. Yes some moderator needs to get in contact with the king of hutt. He most likely has never heard of bitcoin. The PHR do not pay taxes to the ATO and he charges 0.5%. Hong Kong recognises Hutt River as a legitimate state in regards of incorporation for a company, but is reviewing the recognition after the issue was raised in an adverse manner by Australian media. Cant see why being land locked is an issue.

New nation, yeh great where is the virgen land and no status?
Nauru, Kiribati and Tuvalu use Austalien Dollar and the Marshall island uses US dollar. Been to them except Nauru and u can forget about them. Who is going to pay for internet infrastructure in the middle of the ocean? At high water mark most of the land is 1 meter above sea level.
some inhabitants of Freetown Christiania most likely use bitcoin already but it has no legal status thats the problem.  

[Anon136]

check out the thread i just made thats sort of about this thread https://bitcointalk.org/index.php?topic=189295.0;topicseen

[Maciek]

check out the thread i just made thats sort of about this thread https://bitcointalk.org/index.php?topic=189295.0;topicseen

Ok, we need to have John K. (or somebody like him) as Escrow person... and start sending BTC


How about Tonga?
http://en.wikipedia.org/wiki/Tonga

[BTC Books]

Why reinvent the wheel?

Bitcoin is a virtual currency:  why not a virtual nation?

Wirtland has done all the early legwork, legal and otherwise.  And last I heard they were trying to negotiate for some real territory, purchased from an existing country (Nauru).

Seems like a marriage made in heaven...

http://www.wirtland.com/