The Switzerland of Bitcoin

[legendster]

Original Post :



I am going to re-post or rather copy paste an article from siliconindia here with my question that will follow it :

Original Article :
Location plays an important role in the progress of any business. Also, obstacles are an integral factor in the expansion of any business. Lesser are the obstacles, better growth can be expected in the business.


Nowadays, most of the nations are targeting on the revenues, coming from the business, inside their boundaries. While some countries already had friendly policies for the ‘already developed’ or ‘developing’ business within its boundaries, some other countries are now accepting newer policies to encourage the same.


According to the list of the ‘business-friendly’ countries in the world by ‘doing business’, India ranks 132, while Singapore tops the list.


1. Singapore


From the last few years, Singapore has been ranked as the best country for business. Singapore provides an encouraging environment to all the newcomers, irrespective of their gender, nationality, etc.


At present, Singapore is the fourth largest financial center in the world and is also an impactful nation. Major portion of Singapore’s GDP comes from its manufactured goods. Export and import also plays an important role in the economy of Singapore.


It has the fifth largest as well as the busiest ports in the world.


2. Hong Kong


Hong Kong is highly known for its low taxation and free trade policy, has retained its second position this year; it ranked the second position last year. Hong Kong’s per capita income is very high compared to other Asian countries.


In terms of business, Hong Kong provides the maximum economic and financial freedom in the Asian region. The quality of life in Hong Kong is also very high and has already received many appreciations from the UN and WHO.


3. New Zealand


New Zealand has a highly protectionist economy that offers a free-trade economy. Its free trade policies are one of the main reasons; it is still the third best country for business.


New Zealand has one of the modernized as well as developed economies in the world. It’s GDP and PPP is also very high.


Agriculture is one of the main reasons behind the economic growth of New Zealand. Over the past century, wool was the main agricultural products of New Zealand. However, the reduction in the price has made dairy farming as one of the main source in the recent times.


4. United States


The nineteenth century has been the best period for the economic growth of U.S.


U.S. stands in the fourth rank in this list; it was also the same in 2012. It has the largest economy in the world as well as a higher rate of per capita GDP.


It has a capitalist mixed economy, which depends mostly on its natural resources. The U.S. currency is one of the mostly used currencies across the globe.


5. Denmark


Doing business rank (2011): 5 Doing business rank (2012): 5


Denmark is the pioneer nation to introduce social and labor-market reforms. This took place in Denmark in the early twentieth century. Well, this is the main reason of Denmark’s highly developed economy.


Denmark has the most flexible labor market in the Europe. It has also been ranked as the easiest place to do business. Setting up a business in Denmark can be accomplished within a few hours and the cost is also comparatively low. The flexibility in the market allows the employers to hire employees whenever they want and also do the same, in case they has to fire the employees.


6. Norway


Norway has made a progress of one move. When last year, it was on the seventh position, this year, Norway has made it to the sixth rank in this list.


It is second wealthiest county in the world. From the last six years, it has been the leader in the Human Development Index rate. The Norwegian economy is considered as one of the most stable economies in the world.


The main resources of Norway are petroleum, hydropower, forests, minerals and fish. It also has one of the highest standards of living in the world.


7. United Kingdom


Last year, United Kingdom was ranked as the sixth best nation to carry out business. This year, it has slipped down to one slot to the seventh position in the same list.


United Kingdom is the world’s first industrialized nation of the world and is considered as one of the developed nations in the world at present. Its economy is the sixth largest in the world.


It is an impactful country and has a higher influence in the international trade and commerce. It offers much freedom of business to the insiders as well as to the outsiders.


8. South Korea


South Korea has climbed up by seven slots and is ranked as the eighth best country for doing business; last year, it was on the fifteenth place.


The economy of South Korea, which is highly dependent on the exports, is the fourth largest economy in the world. In order to promote international trade, South Korea joined hands for a free trade government in 2010.


South Korea is one of the global leaders in exporting robotics, electronic products, petrochemicals, automobiles, ships and petrochemicals.


9. Georgia


Since Georgia is very closely associated with the Black Sea, it has been the trading partners of many other nations from the ages. During the olden times, Georgia was one of the leaders in trading valuable and precious metals; gold, silver and coppers were the chief metals. Wine making has also been one of the traditional businesses in Georgia.


At the recent times, Georgia has reformed itself into a free market economy. It is one of the fastest growing nations in the world. It has been ranked as the ‘the number one economic reformer in the world’ by the World Bank.


10. Australia


In the year 2010, Australia was ranked as the third country in the list of 'Index of Economic Frredom'. Australia has the thirteenth largest economy in the world and is also the country with fifth largest per capita GDP.


Australia's trade and commerce started rising vigorously by the starting of the twenty-first century. even though the Australian economy tasted growth in the early 2012-2013, its non-mining economy affected its economy by a certain extent.


Agriculture has been one of the main sources of Australia’s economic growth.



NOW My Question :

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.

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[myrkul]

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.

[legendster]

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.

Its just a small platform on 2 giant Pillars !!! no way in hell will it be ale to support & sustain itself in the long run ... let alone support the Bitcoin community !

[myrkul]

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.

Its just a small platform on 2 giant Pillars !!! no way in hell will it be ale to support & sustain itself in the long run ... let alone support the Bitcoin community !

3 things:
1) How much space do you need to run a bunch of servers? A digital Switzerland for a digital currency.
2) How long-run do you need? It's been going since '67.
3) And like I said, there are other micronations. It doesn't have to be Sealand.

[Walter Rothbard]

How about Tor?

 

[chmod755]

Denmark is listed twice. Relevant: http://cheezburger.com/3106281216

[legendster]

How about Tor?

 

Isnt that a Browser ?

Edit -

1) How much space do you need to run a bunch of servers? A digital Switzerland for a digital currency.

At least a few large hangars. That little shelf isnt as big as a single hangar.

2) How long-run do you need? It's been going since '67.

If I remember correctly they are trying to sell it.

3) And like I said, there are other micronations. It doesn't have to be Sealand.

Well yeah but Micronations arent really strong or powerful enough to make an impact globally

[legendster]

Denmark is listed twice. Relevant: http://cheezburger.com/3106281216

Fixed

[glub0x]

Iceland!

[w00t]

Iceland!

I don't know how it is to do business in Iceland but I believe after 2007 it got better (as the big banks were wiped out).

Though considering what happened with megaupload I think US and HK are absolutely out of the question. NZ might be possible I have no idea about the others.

[legendster]

Iceland!

I don't know how it is to do business in Iceland but I believe after 2007 it got better (as the big banks were wiped out).

Though considering what happened with megaupload I think US and HK are absolutely out of the question. NZ might be possible I have no idea about the others.

I Still listen to that song

[marcus_of_augustus]

Curious ... Switzerland is not listed as poll option?

Why can't Switzerland be the Switzerland of bitcoin?

[BitGlory]

Belize, one of the few blacklisted nations by OCSE.

[johnyj]

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.

Exactly, bitcoin need a totally different country since most of the existing countries are all tied to the same old financial system

Another possibility is off-shore tax heaven countries

[cr1776]

And don't forget the Cayman Islands. Antigua. Etc. the poll is not broad enough IMHO. :-)

Belize, one of the few blacklisted nations by OCSE.

[fivemileshigh]

If you mean Switzerland of its former banking reputation, then the whole concept does not apply to bitcoin. All you need is net access, power and a place you gear won't get rained on.

[Kaiji]

Scandinavian countries might be able to fit that role.

[SuperHakka]

methinks finland is best

[Spendulus]

First it is necessary to establish what is desirable for a "switzerland of bitcoin."

It certainly must have multiple sound and long established links into the major banking systems.  The banks should preferably not be owned or operated by the State.  There should be multiple independent international banks which can accept wire transfers and do wire transfers without restrictions.  (Belize has some problems in these respects, as does Hong Kong.)

Having said that, I'd vote for multiple places to include the Bahamas and Singapore.

[legendster]

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