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Author Topic: A small Pacific island will now let you pay for citizenship with bitcoin.  (Read 403 times)
Quidat
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October 12, 2017, 08:05:59 PM
 #21

Only heard and read about Vanuatu on my high school encyclopedias. It seems that this would be capitalized by rich investors who only cares about money and not really in preserving the culture and heritage of the country. Nevertheless, it's cool to pay for your citizenship in bitcoins and be a part of innovation in a small country that would soon be flocked with different other people because of bitcoin.
You are actually right which this is already be capitalized by rich investors which i can say they are too wise to use bitcoin on such thing but well this is their own idea and somehow do really help out the adoption rate of bitcoin and its really glad to hear or see that bitcoin can really be used on this kind of thing which you can pay for your citizenship.

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October 12, 2017, 08:16:59 PM
 #22

It feels awesome nowadays to hear that bitcoin is now getting accepted in many unexpected things.
Few days ago I read in this board, that a university is accepting bitcoin payment as a tuition fee.
And now a island is accepting bitcoin to provide citizenship.

Full News  Here
https://qz.com/1099475/a-small-pacific-island-will-now-let-you-buy-citizenship-with-bitcoin/

It's interesting to see a few people/groups that see the potential of Bitcoin and other cryptocurrencies and are breaking from the traditional in this way. If enough people take the leap of faith, cryptocurrencies will become mainstream rather than a radical idea.

The big gains over the past year for Bitcoin and altcoins combined with the resilience of Bitcoin will make people realize that it's not just a fad but it is a technological breakthrough that's here to stay.

This will make the value of many cryptocurrencies really show big profits going forward and governments will begin to not resist it as much.
ManavKalyan
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October 12, 2017, 08:23:32 PM
 #23

It feels awesome nowadays to hear that bitcoin is now getting accepted in many unexpected things.
Few days ago I read in this board, that a university is accepting bitcoin payment as a tuition fee.
And now a island is accepting bitcoin to provide citizenship.

Full News  Here
https://qz.com/1099475/a-small-pacific-island-will-now-let-you-buy-citizenship-with-bitcoin/

I share your excitement.. This sounds cool... It does translate to a lot of money but hell ya it is helping the adoption.. slowly and steadily bitcoin is establishing a more permanent place in this world..
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October 12, 2017, 09:05:45 PM
 #24

Whatever happened to that island some rich guy created to establish a free government experiment?
Recall a 60 minutes special and then rumblings of in fighting among the people and then nothing.

Recall reading a article similar to this 2 years ago here as well that turned out to be a scam of sorts.

Of course it didn't materialize.
People who usually are starting a "nation" with no government find themselves pretty fast they don't have a clue how to install a water pump not speaking about a working infrastructure.

And the last project I remember was to be set between Serbia and Croatia, a zone full of mines that will be removed by 2022.

Let's be serious, a country that ask for 58 bitcoins to be its citizen is not a good country to her people. 58 bitcoins, this is enormous, I worked for 10 years (my best productive years) and what I would had now (if I haven't sold my 0.54 bitcoins this summer) were 0.71 bitcoin.    
 So I would have to work for another 580 years (with what I am paid now) to have 58 bitcoins to pay for the citizenship in a Pacific country where I do not have the possibility to go because the planes of my country (a medium decent country from Europe) do not fly there. Smiley

It is not intended for normal people and of course not for europeans.
Those  that are interested in the citizenship are from Asia and Africa because a Vanatu passport will get you visa free in the Schengen  Area.
But is a bit tricky situation because Vanatu does not recognize a second citizenship.





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October 12, 2017, 10:06:01 PM
 #25

Meet your next door neighbors in Vanuatu.



Good luck running from the law and hiding in Vanuatu. You would be easy to locate and most of the funding for the country comes from the French, Brits and murricans.

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