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Question: Which of these countries can become a better market for Bitcoins in the future ?
Australia
Japan
United States of America
Denmark
Georgia
Singapore
Hongkong
New Zealand
South Africa
Norway
South Korea
India
Argentina
Cuba
UAE (Dubai)
Belize
Chile
Papua New Guinea
Panama
MALTA
Ecuador
Sweden
Netherlands
Zaire / DRC Congo
Democratic Republic of Sao Tome and Principe
Republic of Congo
Dominica

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Author Topic: The Switzerland of Bitcoin  (Read 21726 times)
oleganza
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April 24, 2013, 05:35:33 PM
 #21

Iceland? Cheap electricity that cannot be moved outside, only wasted inside (perfect for mining farms). Newly elected government, yet not communistic. The moment BTC becomes their reserve or daily currency, they become the richest country on the planet.

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April 24, 2013, 05:42:24 PM
 #22

I think the U.S. is crucial to the ability of the Bitcoin to become a stable currency (without a USD exchange, it's not a viable currency). Hopefully the oligarchs don't catch on too early, and shut down the exchanges. Once Bitcoin is capable of standing on its own, I believe Singapore is the next most important piece of the pie, and the U.S. can then go ahead and die an economic death, and it won't affect BTC much, globally. Not before, however.

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April 24, 2013, 05:51:43 PM
 #23

You forgot The Principality of Sealand.

No, I'm not trolling. I think they, or another micronation, could very well take Switzerland's place in the Bitcoin economy.

You can't pick Sealand or other micronations, because they are not recognized by other countries. It only takes 3 boats full of cops for the UK to wipe Bitcoin out of there.
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April 24, 2013, 05:59:00 PM
 #24

I am going to re-post or rather copy paste an article from siliconindia here with my question that will follow it
LOL. How can I vote for Switzerland?
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April 24, 2013, 06:05:30 PM
 #25

... Some of these countries are already Bitcoin friendly, after all most of the Miners and traders are from Japan and US. But which of these countries has the best possibility to turn into what 'Switzerland is to Fiat currency' .. in other words, which of these countries are still under exposed to the concept of Bitcoin and why do you think they can become a better market in the future.

You mean what Switzerland *was* to Fiat currency.

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April 24, 2013, 06:12:54 PM
 #26

You forgot The Principality of Sealand.

No, I'm not trolling. I think they, or another micronation, could very well take Switzerland's place in the Bitcoin economy.

You can't pick Sealand or other micronations, because they are not recognized by other countries. It only takes 3 boats full of cops for the UK to wipe Bitcoin out of there.

On the contrary, they've already tried to kick him out, and failed:
http://www.sealandgov.org/history
Quote
During his summing up the judge said “This is a swash buckling incident perhaps more akin to the time of “Sir Francis Drake” but it is my judgment is that the UK courts have no jurisdiction.” This was Sealand’s first de facto recognition.

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April 24, 2013, 06:14:44 PM
 #27

Singapore is the best country of doing business. So I guess bitcoin is going to be best accepted there.

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April 24, 2013, 06:34:46 PM
 #28

No Chile?

Here's a thought for you; Perhaps we don't WANT a 'Switzerland of bitcoin?'

Remember that thing called decentralization? It's hard to stay decentralized when a nation becomes a prominent miner.

Frankly I'd be much more happy to learn that ALL countries started mining some bitcoin each...


On the contrary, they've already tried to kick him out, and failed:
http://www.sealandgov.org/history
Quote
During his summing up the judge said “This is a swash buckling incident perhaps more akin to the time of “Sir Francis Drake” but it is my judgment is that the UK courts have no jurisdiction.” This was Sealand’s first de facto recognition.
I think we both know that if Sealand were pumping up oil or something that the UK wanted, that judge would never have been allowed to even address the subject.

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April 24, 2013, 06:43:25 PM
 #29

On the contrary, they've already tried to kick him out, and failed:
http://www.sealandgov.org/history
Quote
During his summing up the judge said “This is a swash buckling incident perhaps more akin to the time of “Sir Francis Drake” but it is my judgment is that the UK courts have no jurisdiction.” This was Sealand’s first de facto recognition.
I think we both know that if Sealand were pumping up oil or something that the UK wanted, that judge would never have been allowed to even address the subject.
Probably not, no. But he was, and he said it, and it's been the basis of Sealand's ongoing independence since. It's in international waters, and everyone seems to respect it's "borders," So I'd say it's de facto recognized, even without a UN declaration.

Frankly I'd be much more happy to learn that ALL countries started mining some bitcoin each...
As would I. Get them involved in the currency wars on the light side of the Force.

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April 24, 2013, 07:30:12 PM
 #30

As would I. Get them involved in the currency wars on the light side of the Force.
Wouldn't that be sweet, sweet irony?

Politicians can be quite dumb sometimes though, perhaps we could pull it off. Wink

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April 24, 2013, 07:32:45 PM
 #31

Offshore jurisdictions or maybe Singapore.

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April 24, 2013, 07:33:22 PM
 #32

Japan.

Most of the Earth is currently in the year 2013.  Japan I think exists in the year 2015, or 2015 and a half.

I mean they have robot spiders and stuff.

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April 24, 2013, 07:37:26 PM
 #33

@myrkul: Sealand, offshore offline bitcoin cold storage?

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April 24, 2013, 07:39:59 PM
 #34

@myrkul: Sealand, offshore offline bitcoin cold storage?

https://en.wikipedia.org/wiki/Data_haven

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April 24, 2013, 07:40:41 PM
 #35

Yeah, Bitcoin doesn't really need a "capital" or anything. But Japan wouldn't be the very worst option, with it being the (currently) accommodating home of Magic The Gathering Online eXchange.

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April 24, 2013, 07:45:26 PM
 #36

yes, but thats all about big data. a private key can you have in your head... there would be no need for a data haven in bitcoin's case.

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April 24, 2013, 07:48:52 PM
 #37

yes, but thats all about big data. a private key can you have in your head... there would be no need for a data haven in bitcoin's case.
Not for individual wallets, no. But a data haven would be a great place for Bitcoin businesses to be "registered" and hosted.

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April 24, 2013, 07:58:23 PM
 #38

Not for individual wallets, no. But a data haven would be a great place for Bitcoin businesses to be "registered" and hosted.
I think we should set our standards higher than this.

Instead of so many putting so many eggs in one single basket, even if that basket is on Neptune, governments have proven themselves sinister and will go anywhere and break any law to take out these single points of failure that this strategy would create. Look at what they did to KimDotCom.

Whenever a problem presents itself like this, any time in the future, just remember that Decentralized, peer-to-peer software can solve it. ANY problem.


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April 24, 2013, 08:03:48 PM
 #39

You forgot The Principality of Sealand.

No, I'm not trolling. I think they, or another micronation, could very well take Switzerland's place in the Bitcoin economy.

A bonkers guy with his family? Nah.

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April 24, 2013, 08:07:06 PM
 #40

Curious why none of you take the name of middle eastern countries like UAE ??

Name one that is stable enough, and is a democracy that can guarantee future stability.

BitCoin is NOT a pyramid - it's a pagoda.
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