The Switzerland of Bitcoin

[prodigy8]

Well you mentioned Switzerland because most of people hold their money there as a safe place.

But about implementation of bitcoin it can be implemented in any country from the poll list.

One of the most which could be maybe are the UAE countries as they seem to be richer

[tyz]

The thread is kinda old but I still believe that only one of the Scandinavian countries could become the Switzerland of Bitcoin. Why? Because they are more open-minded and paying by card is widely spread. More widely than in most other countries.

[legendster]

Well you mentioned Switzerland because most of people hold their money there as a safe place.

But about implementation of bitcoin it can be implemented in any country from the poll list.

One of the most which could be maybe are the UAE countries as they seem to be richer

Then is there any specific country that you would like to add to the poll ?

[legendster]

The thread is kinda old but I still believe that only one of the Scandinavian countries could become the Switzerland of Bitcoin. Why? Because they are more open-minded and paying by card is widely spread. More widely than in most other countries.

Technologies dont just spread by mass acceptance of a previous similar tech, it spreads by political reforms that nurture the growth of such a new tech and most importantly through education about that technology imparted to a specific geopolitical area and demography. While many would say Bitcoin is old already but it isn't. Many of us still dont know what is or how it works.

Any Scandinavian country that tackles this problem? or looks promising enough?

[HarryKPeters]

I think Brazil is the country where bitcoin offers the most usuage.
I could be wrong but seeing the shop list of brazil you will become really flabbergasted.
They've got so many shops that accept bitcoin.

[OROBTC]

...

It's too bad that we could only vote for one country, I chose Argentina because of the growth seen there and the fact that BTC is popular for good reason there.

OK, HarryKPeters says that Brazil has lots of places that accept BTC.  That is encouraging.  Brazil has many problems, and BTC can help some locals better cope.  Brazil is a big country, "it matters", so if BTC gets popular there, that might be the critical mass the world needs to get the Bitcoin Express rolling...  

I would like to see more places in the USA accept Bitcoin too...

Peru (my beat when not in the USA) is not on the list.  But, there is VERY LITTLE BTC activity there.  Probably because they allow the US$ and their Sol to be freely traded, no currency restrictions.

*   *   *

As for safety and freedom to transact BTC, I would probably choose Switzerland, Dubai/UAEmirates or Singapore.

Biggest market over the next few years?  USA.

Biggest potential?  China or even India.

[wikenpp]

In terms of potential i agree on India and China too.
In terms of actual representation it's obviously brazil or indonesia.

Geographically asia is the place to be when it comes to bitcoin.

[Altynbekova]

With china having the biggest share in mining pools, china is the no 1 bitcoin place.
If their governement just thought about bitcoins and implementing it in their economy they could be the bitcoin country of the world.

[iv4n]

With china having the biggest share in mining pools, china is the no 1 bitcoin place.
If their governement just thought about bitcoins and implementing it in their economy they could be the bitcoin country of the world.

I agree with this, and I voted for China also. They have best WoW temas, they have so many exchanges... they have everything a lot.
They have big potential like country, and everything is produced there. But maybe some little country will surprise us, and start something from little.
Can we expect something like this to happen? For 10, 20, 30... or more years?

[oblomov]

Although I voted for Singapore, I believe that a Baltic country (Lithuania, Estonia, Latvia) may present opportunities.  They are small states with a generally free market orientation, and do not want to be economically dependent on Russia.

Panama and Costa Rica may also be opportunities for similar reasons.

[Blind Legs Parker]

OP, Zaire and DRC Congo are the same country. Zaire is the name Mobutu gave to it and it died with him in 1997. Now the only proper name is DRC Congo.

[legendster]

OP, Zaire and DRC Congo are the same country. Zaire is the name Mobutu gave to it and it died with him in 1997. Now the only proper name is DRC Congo.

Thanks, made that correction.

[chennan]

In terms of potential i agree on India and China too.
In terms of actual representation it's obviously brazil or indonesia.

Geographically asia is the place to be when it comes to bitcoin.

Idk about that though... There are a lot of barriers to cross when it comes to major adoption in India and China. 

For one with India, there is only a couple of cities there that have people with nice phones, computers, and are technologically capable of doing business with bitcoin.  Does this mean that they will do business with bitcoin right away? Of course not.  There has to be an incentive for wanting to do business with bitcoin, and bitcoin is way too volatile for people who are living off of a couple dollars in rupees a day.  If bitcoin falls out of the sky, then that would probably mean that they would lose their business and they are shit out of luck.  As of right now it's all a gamble for doing business in Bitcoins only.  Also, if I'm not mistaken, there aren't too many exchange sites for people in India to exchange for rupees.  Not to mention that we are just talking about a couple of cities... a lot of India are very poor areas who are doing great just to have electricity.

As for China, it comes down to regulation of the government. If they continue to allow bitcoin to be bought and used by the Chinese, then yeah it will be great for bitcoin... but from what I've been reading, China is becoming a lot stricter and are going to be enforcing rules in a really different way. Look up "Seasame Credit in China" for more info... They are allowing it now for any one who wants to participate and are going to enforce that every citizen partakes in 2020.  Basically, it makes everyone become a slave to the government, and if you as much as speak out against the government, then all of your rights are taken away essentially and those that do speak good about the government will be "rewarded" with benefits like being allowed to travel out of the country more frequently and other stuff.

There is a lot to consider which will be the next major nation that really accepts Bitcoin in general, but I'm surprised no one here is talking about the Isle of Man?

[ACAB]

None. Bitcoin don't need any country to boost them. All countries are free to ban or support Bitcoin, just Bitcoin don't care. Bitcoin is internet money, in 21st century you can't ban internet, so you can't ban Bitcoin. It just shows how ridiculous you and your laws are; like some countries tried to do and failed so hard.
It doesn't matter if we have Switzerland or not, we are in the internet. We have freedom, we don't need government chains. I don't really get your perspective, stop magnifying countries/governments.

[Altynbekova]

None. Bitcoin don't need any country to boost them. All countries are free to ban or support Bitcoin, just Bitcoin don't care. Bitcoin is internet money, in 21st century you can't ban internet, so you can't ban Bitcoin. It just shows how ridiculous you and your laws are; like some countries tried to do and failed so hard.
It doesn't matter if we have Switzerland or not, we are in the internet. We have freedom, we don't need government chains. I don't really get your perspective, stop magnifying countries/governments.

In a way you right, but also wrong.
Yes bitcoin, don't need a country to use it. But remember bitcoin is about transactoins too. And imagine how much governements can safe on fees while using bitcoin

[Newcoins2020]

I bet some asian country will take the lead eventually. I hope something else though.
A western nation taking the lead would give more credibility to bitcoin in the end.
The united stated adopting bitcoin f.e. would give a gigantic boost.

[isvicre]

There is no Switzerland for Bitcoin. If government can't control money supply they can't use it as currency, it's that simple.
Maybe when the new world order start one nation project they have the control over majority of coins and they use it. That's a wild guess and pure speculation.

[legendster]

There is no Switzerland for Bitcoin. If government can't control money supply they can't use it as currency, it's that simple.
Maybe when the new world order start one nation project they have the control over majority of coins and they use it. That's a wild guess and pure speculation.

There are many economic reasons why a one nation one currency thing will never work.
Look at the Euro.

[ACAB]

In a way you right, but also wrong.
Yes bitcoin, don't need a country to use it. But remember bitcoin is about transactoins too. And imagine how much governements can safe on fees while using bitcoin

Do you really think that any government can change their currency to some internet money which they can't have control over? Their central bank wouldn't print more money, they give their whole economy to the hands of Bitcoin speculators. That doesn't make sense at all.

[ObscureBean]

I don't think you'll find any rich country willing to become the Bitcoin hub of the world. At least not at this stage in the game. Rich countries are rich by virtue of their higher degree of control. Control is power, power is money. Right now Bitcoin is synonymous with uncertainty and way too uncontrollable to be acknowledged as an asset by these governments. The race to become the 'Switzerland of Bitcoin' will start once Bitcoin has been tamed and is fully integrated into the system. For now, if there is to be a Bitcoin hub, it'll probably be a country that does not hold a lot of influence on the international front.