Paying a Small Country to Make Bitcoin an ADITIONAL Official Currency

[Maciek]

What do you think about this seasteading.org project ?

[1715395689]

1715395689

[1715395689]

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[1715395689]

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[countryfree]

Am I the only one to remember that the bitcoin's inventor was so smart, he did it anonymously?

Nobody knows who he is, or who she is, and it would be a sad ending for his project if bitcoin was now seen as the regular currency of a small foreign country. We don't need countries. They were not a good invention. Please, let's keep bitcoin outside the regulated world.

[Rassah]

Am I the only one to remember that the bitcoin's inventor was so smart, he did it anonymously?

Nobody knows who he is, or who she is, and it would be a sad ending for his project if bitcoin was now seen as the regular currency of a small foreign country. We don't need countries. They were not a good invention. Please, let's keep bitcoin outside the regulated world.

Even if bitcoin is adopted by a country, that country won't have the power or ability to regulate it. That's kind of the point of bitcoin. On the other hand, it would play at the whole "country" game, and give bitcoin an advantage by allowing it to outmaneuver other countries' regulations.

[FinShaggy]

Am I the only one to remember that the bitcoin's inventor was so smart, he did it anonymously?

Nobody knows who he is, or who she is, and it would be a sad ending for his project if bitcoin was now seen as the regular currency of a small foreign country. We don't need countries. They were not a good invention. Please, let's keep bitcoin outside the regulated world.

I don't think that would be a sad ending, I think it would be a great leap. What if with Bitcoin, that country becomes a nation of the internet, and looses all government ties?

[countryfree]

Am I the only one to remember that the bitcoin's inventor was so smart, he did it anonymously?

Nobody knows who he is, or who she is, and it would be a sad ending for his project if bitcoin was now seen as the regular currency of a small foreign country. We don't need countries. They were not a good invention. Please, let's keep bitcoin outside the regulated world.

Even if bitcoin is adopted by a country, that country won't have the power or ability to regulate it. That's kind of the point of bitcoin. On the other hand, it would play at the whole "country" game, and give bitcoin an advantage by allowing it to outmaneuver other countries' regulations.

If a country doesn't mind losing the power to regulate its currency, it could as well adopt the US dollar or the Euro, and this has already happened in several parts of the world. When the local currency is weak, people favor American banknotes. Some of them may switch to bitcoin, but I fear the worst if it becomes official. Many politicians in Europe right now are going mad about offshore banking, and they would be even angrier if a small country would adopt a cryptocurrency without any control.

Everyone has preconceptions and/or misconceptions about any country, so I really think it's better for bitcoin not to be associated with anyone of them to keep a clean and new image. Imagine North Korea makes bitcoin legal tender!

[romerun]

Principality of Sealand

[crazy_rabbit]

It would probably be more useful to have a large company adopt bitcoin- Like Apple, preinstalling bitcoin software on every machine.

[Maciek]

@crazy_rabbit

Well ok.
So we have about 20+ or more people willing to donate 1BTC to "try to convince" some other people to accept Bitcoins... I think we should start doing something

there are some smart ways to use money...
http://www.dailymail.co.uk/news/article-2279261/Adam-Pacitti-spent-500-billboard-begging-job-spends-pay-packet-say-thanks.html

Do you remember this guy? He made it to the world media...

[FinShaggy]

I think someone should start a bitcoin commune before trying for a country.

[Maciek]

http://www.telegraph.co.uk/property/propertynews/4952810/Whole-village-put-up-for-sale-for-22-million.html


Whole village put up for sale for £22 million
An entire village, complete with two blacksmiths, a shop and a cricket club, has been put up for sale for a cool £22.5 million

[1Nuke1]

So, anyone still working on this?

[franky1]

the OP and many other posts have valuated this idea totally wrong..

the OP mentions "recognised countries of 13,000 - 50,000 citizens"

that means there are probably only 500 businesses at most.

buy a tablet PC < $100, give someone wlll trained in bitcoins $100 to consult with businesses and give them a fully set up bitcoin ready terminal(the tablet), plus training to use it.

total =<$200 x 500 businesses = < $100k (<200btc)

not 100,000 bitcoins.

no bitcoin town project should exceed $100k, or it just wont work especially finshaggies uptopian town costing him $4.5BILLION (half th market cap of bitcoin)

everyone should attempt to make their own town bitcoin friendly by offering the businesses a consultation/set-up for between $0*-$200**

*voluntary labour (consultation/training) and the business using their own equipment
**paid consultation and a tablet

we should not try making just one bitcoin friendly town, as that in my eyes will become a 'concentration camp' where finshaggy and others want all bitcoiners to go to... we should decentalise bitcoins use by making ALL towns bitcoin friendly

[Ron~Popeil]

the OP and many other posts have valuated this idea totally wrong..

the OP mentions "recognised countries of 13,000 - 50,000 citizens"

that means there are probably only 500 businesses at most.

buy a tablet PC < $100, give someone wlll trained in bitcoins $100 to consult with businesses and give them a fully set up bitcoin ready terminal(the tablet), plus training to use it.

total =<$200 x 500 businesses = < $100k (<200btc)

not 100,000 bitcoins.

no bitcoin town project should exceed $100k, or it just wont work especially finshaggies uptopian town costing him $4.5BILLION (half th market cap of bitcoin)

everyone should attempt to make their own town bitcoin friendly by offering the businesses a consultation/set-up for between $0*-$200**

*voluntary labour (consultation/training) and the business using their own equipment
**paid consultation and a tablet

we should not try making just one bitcoin friendly town, as that in my eyes will become a 'concentration camp' where finshaggy and others want all bitcoiners to go to... we should decentalise bitcoins use by making ALL towns bitcoin friendly

This is a pretty excellent idea. The right person could make a full time job of this.

[zimmah]

the OP and many other posts have valuated this idea totally wrong..

the OP mentions "recognised countries of 13,000 - 50,000 citizens"

that means there are probably only 500 businesses at most.

buy a tablet PC < $100, give someone wlll trained in bitcoins $100 to consult with businesses and give them a fully set up bitcoin ready terminal(the tablet), plus training to use it.

total =<$200 x 500 businesses = < $100k (<200btc)

not 100,000 bitcoins.

no bitcoin town project should exceed $100k, or it just wont work especially finshaggies uptopian town costing him $4.5BILLION (half th market cap of bitcoin)

everyone should attempt to make their own town bitcoin friendly by offering the businesses a consultation/set-up for between $0*-$200**

*voluntary labour (consultation/training) and the business using their own equipment
**paid consultation and a tablet

we should not try making just one bitcoin friendly town, as that in my eyes will become a 'concentration camp' where finshaggy and others want all bitcoiners to go to... we should decentalise bitcoins use by making ALL towns bitcoin friendly

I created a company to do just this, i make money by affiliate marketing.

So far i have no clients yet, as i started just recently.

but i believe this is a great idea.

If someone could sponsor me a terminal that would be great as well.

In the Netherlands they are making progress by organizing 'events' where they get a handful of bars/restaurants to accept bitcoin (about 10~20 in a single city) and than announce it here and on other bitcoin societies and have a great day together while spending bitcoin.

Everyone is happy and bitcoin acceptation will spread.

Everyone can help out by just asking "do you accept bitcoin" every time they go out. Eventually the store owners will get interested.

[franky1]

If someone could sponsor me a terminal that would be great as well.

zimmah, this may be interesting for you.
http://www.cryptocoinsnews.com/news/3-overstock-bitcoin-profits-used-spread-bitcoin-adoption/2014/06/22

plan out your business plan, strategy etc to them.

a winning strategy is if you get one merchant onboard with your own funds, and show video proof that its a business adopted bitcoin, and that business can be contacted via a yellow pages / business directory. (to prove legitimacy) then you have more chance of getting sponsorship to reimburse costs/provide stock(terminal) for next merchant

... worth a try atleast

[jonsi]

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

edit: The main purpose of this project would be to make Bitcoin an official currency so that there is a higher legal certainty in OTHER countries. Also it might be more difficult to prohibit a foreign currency.
It is not necessary that anybody in the small country actually uses Bitcoin.

If a country would make BTC it's official currency it would have to pay wages in BTC, make laws of minimal wage and given the volatility they would have to change those laws each day. In import export relations with other countrys a contract made in BTC would not hold for a month and they would have to change prices on imported products every day. Also they would find it almost imposible to dezvolt economical relations with other countrys because they will be unable to have a banking system based on BTC (wich is great by the way, but not for a small country that doesn't have resources and a complet industry).

[moriartybitcoin]

how about an imperium in imperio within the US and Canada?

[franky1]

how about an imperium in imperio within the US and Canada?

start with baby steps

bitcoin is a baby, and we are its parents, looking after it and helping it grow up to have morals and do the right thing for other people... but as a parent some people see the dream of their child running in the olympics or doing a marathon...

be patient, bitcoin is still a todler, yes its at its phase in life of having tantrums and trying to shout at authority figures...,, but still, all it can handle right now is babysteps

so teach it to walk and have new experiences going into shops, parks,holiday resorts, and as it grows, then let it go out and play in the big wide world, and get some independence without authority figures telling it what to do

[1Nuke1]

Wrong, wrong, wrong.
The Bitcoin Country is in order to make bitcoin more legal.



I live in Poland and polish government said
If you selling bitcoin you need to pay tax 19% (or 32% - its depends how many you selling) of earning and 23% VAT because bitcoin is not a currency.
I don't think this is OK.


Small countries like an Vatican, sign the contracts in USD, not in in local currency.

The whole idea is that a country decided bitcoin's national currency, and the rest is less important.

[franky1]

Wrong, wrong, wrong.
The Bitcoin Country is in order to make bitcoin more legal.



I live in Poland and polish government said
If you selling bitcoin you need to pay tax 19% (or 32% - its depends how many you selling) of earning and 23% VAT because bitcoin is not a currency.
I don't think this is OK.


Small countries like an Vatican, sign the contracts in USD, not in in local currency.

The whole idea is that a country decided bitcoin's national currency, and the rest is less important.

you dont need to money grab millions to buy an island to do this..

just find an island that already has freedom of laws away from whatever mainland/continent. (which you would need to do anyway if you were to buy an island)

and simply not need to money grab multi-million dollar land purchase, to instead cheaply switch the inhabitants over to bitcoin with my last idea..

again making an island bitcoin friendly, is making it a concentration camp... think bigger.. make the world bitcoin friendly and get laws changed.

using the quoted post about poland and VAT. if the polish want an island that is VAT free for bitcoins.. come to england, itsa nice big island, you can do your trades without issues and you can get many merchants, hotels, vacation spots to accept bitcoin.. if ngland is too big for you, come to isle of man or jersey, smaller island, again no need to purchase it, again tax rules on bitcoin dont apply.. and even better people are already starting some bitcoin stuff on these smaller islands.

.......
oh wait its not about the island.. its about being fund managers of a massive money grab... i see finshaggy inspired operation of greed, rather then actually producing something of value.

if you are willing to get off your sofa to dig sewers and ditches to lay pipes and cables to build an island. then go use that same energy to change laws by lobbying,.. its far cheaper and closer to home for you. if your not into lobbying but want financial freedom o an island. then pack your bags you can move to one today, without needing to buy the whole island