The Switzerland of Bitcoin

[cr1776]

Statist/socialists don't like bitcoin because they lose control.

Where is Argentina on this list?

[1714034951]

1714034951

[1714034951]

1714034951

[1714034951]

1714034951

[legendster]

Statist/socialists don't like bitcoin because they lose control.

Where is Argentina on this list?

+1

[myrkul]

Statist/socialists don't like bitcoin because they lose control.

Where is Argentina on this list?

+1

Well, in that case, why is any country on this list? They all stand to lose control of their currency if they adopt Bitcoin.

[legendster]

Statist/socialists don't like bitcoin because they lose control.

Where is Argentina on this list?

+1

Well, in that case, why is any country on this list? They all stand to lose control of their currency if they adopt Bitcoin.

If the local police didnt loose their jobs because the 'Interpol' existed why would these governments loose their indigenous currency if 'Bitcoins' exist ?

[myrkul]

Statist/socialists don't like bitcoin because they lose control.

Where is Argentina on this list?

+1

Well, in that case, why is any country on this list? They all stand to lose control of their currency if they adopt Bitcoin.

If the local police didnt loose their jobs because the 'Interpol' existed why would these governments loose their indigenous currency if 'Bitcoins' exist ?

You're talking about a country becoming the "Switzerland" of Bitcoin, ie basing a large percentage, perhaps even 100%, of it's economy on Bitcoin services. Any country that did so would soon find that it's currency was valued in Bitcoins, rather than the other way around, and in any economy where one can live entirely in bitcoin, the local government has officially lost control of that economy. The best it can hope for is to tax around the edges.

[micalith]

Germany!

[arruah]

Please add Kazakhstan to vote

[legendster]

Statist/socialists don't like bitcoin because they lose control.

Where is Argentina on this list?

+1

Well, in that case, why is any country on this list? They all stand to lose control of their currency if they adopt Bitcoin.

If the local police didnt loose their jobs because the 'Interpol' existed why would these governments loose their indigenous currency if 'Bitcoins' exist ?

You're talking about a country becoming the "Switzerland" of Bitcoin, ie basing a large percentage, perhaps even 100%, of it's economy on Bitcoin services. Any country that did so would soon find that it's currency was valued in Bitcoins, rather than the other way around, and in any economy where one can live entirely in bitcoin, the local government has officially lost control of that economy. The best it can hope for is to tax around the edges.

We have to look past the fact how the OLD currency system used to work. Everyone knows that paper money is not made for online transactions. So for a country to become the 'switzerland' of bitcoin does not necessarily have to depend it's ENTIRE economy on bitcoin, it can simply adopt it's traditional currency for day to day & physical use  while adopting Bitcoins as the officially recognized currency for online transactions.

[legendster]

Please add Kazakhstan to vote

If you want a certain country included then please explain your reasons as to why it should be included.

[dtuur]

My reasons to include Argentina were:

- people are willing to take a risk, as the fiat status quo is already financially extremely risky
- there is already a functional système D in Argentina, functioning outside of official boundaries and procedures
- this is not a third world country, there is a large middle class that is reasonably well informed and with internet in Argentina

[cr1776]

Given the events in Argentina, I believe it would be possible that a lot of *people* would be interested in bitcoin to preserve wealthy and get money out of the country.  Under the current regime, having it official is highly unlikely, but having it unofficial seems much more reasonable.  Avalon or Butterfly (or ?) could no doubt sell a lot of units there in order to seed bitcoins in the area.  This seems to be the problem - there are a lot of people who have pesos, converting them to BTC or USD or any other currency is difficult.

(Similarly, Venezuela could have used a similar vehicle in the late 1990s.)

My reasons to include Argentina were:

- people are willing to take a risk, as the fiat status quo is already financially extremely risky
- there is already a functional système D in Argentina, functioning outside of official boundaries and procedures
- this is not a third world country, there is a large middle class that is reasonably well informed and with internet in Argentina

[myrkul]

We have to look past the fact how the OLD currency system used to work. Everyone knows that paper money is not made for online transactions. So for a country to become the 'switzerland' of bitcoin does not necessarily have to depend it's ENTIRE economy on bitcoin, it can simply adopt it's traditional currency for day to day & physical use  while adopting Bitcoins as the officially recognized currency for online transactions.

I see. So, Why isn't "The Internet" on the list?

Switzerland's economy is largely banking and finance-based. In order for something to become the "Switzerland of Bitcoin" it would need to base a large portion of it's economy on bitcoin services. If you mean by that, only online services, then why must there be a physical location at all?

[legendster]

We have to look past the fact how the OLD currency system used to work. Everyone knows that paper money is not made for online transactions. So for a country to become the 'switzerland' of bitcoin does not necessarily have to depend it's ENTIRE economy on bitcoin, it can simply adopt it's traditional currency for day to day & physical use  while adopting Bitcoins as the officially recognized currency for online transactions.

I see. So, Why isn't "The Internet" on the list?

Switzerland's economy is largely banking and finance-based. In order for something to become the "Switzerland of Bitcoin" it would need to base a large portion of it's economy on bitcoin services. If you mean by that, only online services, then why must there be a physical location at all?

I m not an all knowing expert or a guru, I m just saying what I think is right according to me, I could be probably wrong and hence I started this discussion.

My point : Just because the Internet came into existence didnt mean the SW radios went extinct.

[dego]

You can send your coins to my moon base... I'll only take a fee for storage to cover my cost... Should I start a kickstarter project? C'mon and fund moon.bit....

[qualalol]

We have to look past the fact how the OLD currency system used to work. Everyone knows that paper money is not made for online transactions. So for a country to become the 'switzerland' of bitcoin does not necessarily have to depend it's ENTIRE economy on bitcoin, it can simply adopt it's traditional currency for day to day & physical use  while adopting Bitcoins as the officially recognized currency for online transactions.

I see. So, Why isn't "The Internet" on the list?

Switzerland's economy is largely banking and finance-based. In order for something to become the "Switzerland of Bitcoin" it would need to base a large portion of it's economy on bitcoin services. If you mean by that, only online services, then why must there be a physical location at all?

False: The financial sector is only about 12% of GDP.

Switzerland looks as good for BTC as it does for Fiat precisely for exactly the same reasons: neutrality, stability, independence. Laws aren't set on the whims of those in Government or their sponsors (mainly since the people have full control over the laws, partly since you don't have one overall leader and/or leading political party), and due process is more or less guaranteed.

[legendster]

You can send your coins to my moon base... I'll only take a fee for storage to cover my cost... Should I start a kickstarter project? C'mon and fund moon.bit....

+1 lol

[legendster]

We have to look past the fact how the OLD currency system used to work. Everyone knows that paper money is not made for online transactions. So for a country to become the 'switzerland' of bitcoin does not necessarily have to depend it's ENTIRE economy on bitcoin, it can simply adopt it's traditional currency for day to day & physical use  while adopting Bitcoins as the officially recognized currency for online transactions.

I see. So, Why isn't "The Internet" on the list?

Switzerland's economy is largely banking and finance-based. In order for something to become the "Switzerland of Bitcoin" it would need to base a large portion of it's economy on bitcoin services. If you mean by that, only online services, then why must there be a physical location at all?

False: The financial sector is only about 12% of GDP.

Switzerland looks as good for BTC as it does for Fiat precisely for exactly the same reasons: neutrality, stability, independence. Laws aren't set on the whims of those in Government or their sponsors (mainly since the people have full control over the laws, partly since you don't have one overall leader and/or leading political party), and due process is more or less guaranteed.

+2

[Ferdinandreyes]

I think that Bitcoin would be important in some parts of Africa too.

[legendster]

I think that Bitcoin would be important in some parts of Africa too.

Lol most of them (Africanos) dont have computers

[myrkul]

I think that Bitcoin would be important in some parts of Africa too.

Lol most of them (Africanos) dont have computers

But a surprising amount have cell phones.