The legalization of bitcoin.

[Eternu]

In my opinion, the idea is not bad, but it is doomed to failure. All parts of the planet have long been distributed among states and are controlled, and this will already be a violation of rights.

If they collected enough fund they can just buy these pieces of lands and own the rights on that property.  I do not think that this kind of thing will bring a violation of rights as long as all is processed in legal ways.  We do not need to barge in and say we own this land, we can just all act as a responsible law abiding adult and buy land that is owned by other people if they agree.

Every property comes under some form of government ,so it is an impossible task,OP is planning to build an entire township and have his rules imposed other than that what is the real use,if he is the sole habitat in that island,that does not make any sense either. There is no restrictions to use bitcoin so what is the problem now,he could accept bitcoin for his business can trade and you can have all the freedom in the world with bitcoin even now.

Yep, totally agree. It would be pointless to make state of bitcoin, if we could call it that. I mean it is an interesting idea, to think that there would be an island, where only bitcoin would be used as an currency. But with current situation it would be impossible, because of high fees and low transaction fee. Maybe in future, when more people start using bitcoin.

[1714190610]

1714190610

[1714190610]

1714190610

[1714190610]

1714190610

[Sled]

In my opinion, the idea is not bad, but it is doomed to failure. All parts of the planet have long been distributed among states and are controlled, and this will already be a violation of rights.

If they collected enough fund they can just buy these pieces of lands and own the rights on that property.  I do not think that this kind of thing will bring a violation of rights as long as all is processed in legal ways.  We do not need to barge in and say we own this land, we can just all act as a responsible law abiding adult and buy land that is owned by other people if they agree.

Every property comes under some form of government ,so it is an impossible task,OP is planning to build an entire township and have his rules imposed other than that what is the real use,if he is the sole habitat in that island,that does not make any sense either. There is no restrictions to use bitcoin so what is the problem now,he could accept bitcoin for his business can trade and you can have all the freedom in the world with bitcoin even now.

Yep, totally agree. It would be pointless to make state of bitcoin, if we could call it that. I mean it is an interesting idea, to think that there would be an island, where only bitcoin would be used as an currency. But with current situation it would be impossible, because of high fees and low transaction fee. Maybe in future, when more people start using bitcoin.

We are not able to use just one currency like bitcoin for all the people in the world because the very first reason is, the supply of bitcoin that is limited to fixed number and it will not able to supply all the needs of people and also the fees of bitcoin which is getting higher and higher and it means that we are not able to transact regularly because the fees is such a pain in the ass for us.

[Windpower]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

First of all, I think that the idea is really great and I love to see people being creative, like yourself.

However, do I ever see this idea ever taking off? Now that is a different story. There isn't really an island out there that isn't owned by some country. Literally every country claims all the islands they find which makes this idea obsolete. Although the island is uninhabited, the same rules and laws apply to it, making the legal currency fiat. If you wanted to use Bitcoin on that island, it would be close to impossible as a lot of work would need to be put in by the country's government.

I like the idea, but the chance of it succeeding are very low.

[Quantumplation]

NOTE: This message was originally not posted by me, but instead by someone who compromised my account.  I have deleted the content.

[Maskedman]

So you are hoping for the creation of an independant state because of Bitcoin on an island. This is impossible for the sole reason that no state will leave sovereignty over a piece of its land, so except if your plan is to buy a whole country that will not be feasable.

[audaciousbeing]

To achieve this won't be something of a short journey at all because how do we even get those products there in the first place, how do we even get out of our individual country, which country will allow us have an Island that won't hesitate? How do we even protect ourselves against foreign aggression? These and many questions begs for answer to show that our generation might not even the one that will benefit form such initiative while those coming after cannot be trusted to get it to reasonable conclusion.

[beerlover]

So you are hoping for the creation of an independant state because of Bitcoin on an island. This is impossible for the sole reason that no state will leave sovereignty over a piece of its land, so except if your plan is to buy a whole country that will not be feasable.

Actually you are getting wrong when it is become a legalize it will strong your economy even more than before. Suppose it is legalize by any state than that state will give an acceptance later to bank to accept the bitcoin investment into banks. So it will keep protected in your banks. And the risk will be also reduced.

[Pattart]

So you are hoping for the creation of an independant state because of Bitcoin on an island. This is impossible for the sole reason that no state will leave sovereignty over a piece of its land, so except if your plan is to buy a whole country that will not be feasable.

Lol or unless you're president of a country, you can just apply bitcoin as your primary currency but I'm sure you'll get pressure and protest from many parties, your cabinet, etc. Bitcoin is obviously still impossible for now getting legalized. The government has not yet wanted to legalize something anonymous and decentralized

[boyptc]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

We can create a group or organization but why aim for an island if we are living decently at home. And we can have transactions that are going to be done while we are at home. No need to make this idea happen, we are already using bitcoin and its our official currency.

[Kyraishi]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

Why would you do this?

This isn't even an iniative to just legalize bitcoin in all of the countries, is to essentially create a bitcoin nation.

You'll have to face a lot of legal processes, and how are you going to find an uninhabited island anyways? Border disputes are common between big countries and as a country with a maximum population of 1000 people you're going to probably be told off as soon as you settle there.

Plus, legalizing bitcoin is not necessary. Governments cannot ban bitcoin completely. As long as a country is not putting crazy restrictions around bitcoin, i'm fine with it. They don't need to explicitly state that they want to legalize it, in fact a lot of the times legalization = regulation which isn't something a lot of bitcoiners want. Even if they do ban it, trading will just go p2p, and they can't do a thing to stop it completely.

[Yatsan]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

That is too impossible and maybe a wild dream. I am okay with the state of bitcoin now as a long term investment for me and a source of income let's just wait for the future decides what will happen in the bitcoin if bitcoin will be adopted or a new coin will surpass the bitcoin.

[wxa7115]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

It will not happen, every single piece of land has an owner, and when a new piece of land emerges due to volcanic activity or something like that, a government will claim ownership of that land, so unfortunately it is not possible to do that at the moment.

Anyway that does not stop that somebody can buy an island or yes? The thing is maybe that you could not buy much on that island, perhaps the direct exchange of goods would give much better result on that island, but in any case there isn´t need to mix one thing with another, it's almost like saying legalize internet,
oh wait, was it ever oneday illegal? in any case could be try of "regulate" but depending on what or for whom,
only starting from there already represents a problem define it.

You can buy an island but you cannot impose your own laws, you are still subject to the laws of the country that island belongs, you cannot try to create a country out of nowhere, believe me some have tried, look for the principality of sealand if you don’t believe me.

True, you could buy an island however you could not still create your own law because you are still in the teritory of that county. I mean if that possible then there are many country sprouting now and every rich man have thier own country. Legalization of bitcoin in ones country is possible as long as the government will accept it.

However, the best part is we do not have to, I think countries known as tax havens will welcome bitcoin since they don’t depend on taxes from external income to maintain themselves, for years major countries have tried for those countries to change that but they resist.

[bouren]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

There is hardly any land around the world which doesn't come under the territory of any nation. And if there's any then I doubt you could even survive on that barren land.
However, I have alternative idea for you. Why not join such activists, form a party, contest the election, form a government and implement bitcoin as currency.
This will also work as litmus test of bitcoin that whether common folk accept bitcoin or not.

[pitiflin]

Firstly, good luck finding someone to cooperate with you for creating such a group,because none of them would be happy to get just a piece of your so called "uninhabited Bitcoin island".
Secondly, all the islands are occupied by the government.
Thirdly,the climate varies and think about your basic necessities like food,and important goods, you will import form other countries using Bitcoin?
Next, which reputated person would support you?
I don't think you would find an island that will match your needs,but your idea of being an independent state of Bitcoin seems good ,just requires proper thought keeping all the pros and cons in mind.

[whaawh]

Firstly, good luck finding someone to cooperate with you for creating such a group,because none of them would be happy to get just a piece of your so called "uninhabited Bitcoin island".
Secondly, all the islands are occupied by the government.
Thirdly,the climate varies and think about your basic necessities like food,and important goods, you will import form other countries using Bitcoin?
Next, which reputated person would support you?
I don't think you would find an island that will match your needs,but your idea of being an independent state of Bitcoin seems good ,just requires proper thought keeping all the pros and cons in mind.

There is a very good proverb, Who seeks the one will always find. This can be said for very dubious people. Bitcoin will grow very well with increasing popularity. Legalization also depends on users in many ways. That's just one question, Do you need this by the user? The fact is that with the legalization of Bitcoin in some countries, the government will immediately begin to levy taxes from users. I'm sure that many users do not want this at all.

[Osarman]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

There is hardly any land around the world which doesn't come under the territory of any nation. And if there's any then I doubt you could even survive on that barren land.
However, I have alternative idea for you. Why not join such activists, form a party, contest the election, form a government and implement bitcoin as currency.
This will also work as litmus test of bitcoin that whether common folk accept bitcoin or not.

bitcoin is a worldwide currency and most of countries accepted bitcoin as a legal currency and they u5e it as a legal currency in their country . They buy goods through it and go for trips using bitcoins and use it for gambling and to do anything they want so legalizing bitcoin will be beneficial.

[kpcian]

It is very important for the establishment of bitcoin at everywhere, without legalization many people can't put trust on anything specially in the monetary system. So legalization is of the vital issue for bitcoin nowadays, Japan already approved it and South Korea also going to accept Bitcoin as a legal currency so it should be everywhere in a legalized​ way...

[northstarh]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

I really like this idea, although its feasibility is not high, but I see your enthusiasm here, I hope you will implement this idea, no matter what, I always support you.

[Haladay]

Here in Australia, the senate is now issuing and discussing the legal status of bitcoin. It was declared like bitcoin was formally got legal status, yet this is not working like you imagine when you first heard of it.

[whaawh]

Yes I like this idea.

We need to create a country where bitcoin is the official currency. It will be also interesting to see how that country will develop based on bitcoin.

The idea is good, but the fact is that you have to imagine what Bitcoin users will lose when the coin is legalized? The fact is that users will be able to lose their independence and anonymity. This means that the payment of tax bills will be required with the profit from Bitcoin.