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Capitalism Prevails (OP)
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June 25, 2013, 02:00:03 AM |
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I don't consider myself and expert on this idea but wouldn't Iceland be perfect for mass adoption of Bitcoin? Think about it.
1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth. I think they're building servers in Iceland for other reasons as well.
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!
What do you think?
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dudeofthestick
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June 25, 2013, 02:12:03 AM |
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I asked for colocation pricing for servers and it was way more expensive than continental Europe and US. The only reason for it could be they are still far from mass adoption of these services like Netherlands, UK or Germany do.
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Rassah
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June 25, 2013, 04:42:38 AM |
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6. They have currency restrictions*, which would both attract Bitcoin, and make it difficult to get it into the country.
* "ISK 8,000 is the maximum amount anyone person can import and export of the local currency"
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Min€r
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September 16, 2013, 07:19:15 AM |
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6. They have currency restrictions*, which would both attract Bitcoin, and make it difficult to get it into the country.
* "ISK 8,000 is the maximum amount anyone person can import and export of the local currency"
But the bitcoin will never be imported or exported to Iceland - so it`s just a colocation / housing service like a lot of business do it. In my opinion it should be no problem if find attractive prices there. |
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Spendulus
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September 17, 2013, 12:15:22 AM |
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I don't consider myself and expert on this idea but wouldn't Iceland be perfect for mass adoption of Bitcoin? Think about it.
1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth. I think they're building servers in Iceland for other reasons as well.
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!
What do you think?
Most of these factors do not matter. What does matter is if there is something that you or I want to buy from Iceland, and for which they will take bitcoin. |
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yavunka
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September 19, 2013, 02:23:38 AM |
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I don't consider myself and expert on this idea but wouldn't Iceland be perfect for mass adoption of Bitcoin? Think about it.
1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth. I think they're building servers in Iceland for other reasons as well.
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!
What do you think?
Most of these factors do not matter. What does matter is if there is something that you or I want to buy from Iceland, and for which they will take bitcoin. There is nothing I want to buy from Iceland, so for me it doesn't matter at all. But naturally Icelandic people need to buy things from there and they can use their own currency as well as BTC...and they can use BTC to buy other currencies and then later sell those currencies and buy BTC again for ISK, making it rather worthwhile indeed. |
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domob
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September 19, 2013, 06:36:59 AM |
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There is nothing I want to buy from Iceland, so for me it doesn't matter at all. Me neither when goods are concerned, but I would love to go on vacation to Iceland at some point in the future because I'm sure this must be very, very beautiful and interesting! |
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pianist
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February 21, 2014, 10:47:18 PM |
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What do you think?
Any news from Iceland? Thailand allows BTC trades, what about Iceland? |
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zolace
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April 07, 2014, 05:21:45 PM |
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Due to the capital controls put in place in 2008 to stop money flight on the króna, buying and selling Bitcoin in Iceland, which appears to consider Bitcoin as a foreign currency, is Illegal.[citation needed] The Icelandic Central Bank confirmed that "it is prohibited to engage in foreign exchange trading with the electronic currency Bitcoin, according to the Icelandic Foreign Exchange Act",[23] however commentators suggest bitcoins mined within Iceland could be freely traded. But it seams that they have their own cryptocurrency : http://www.theguardian.com/technology/2014/mar/25/bitcoin-goes-national-with-scotcoin-auroracoin |
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Bit_Happy
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A Great Time to Start Something!
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April 07, 2014, 06:01:40 PM |
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I don't consider myself and expert on this idea but wouldn't Iceland be perfect for mass adoption of Bitcoin? Think about it.
1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth. I think they're building servers in Iceland for other reasons as well.
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!
What do you think?
Your 1,2,3 is all about mining BTC The network is secure and using tons of electricity, so why do we need more miners? |
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Kiki112
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April 07, 2014, 08:48:34 PM |
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this is true, they did indeed chase out the bankers  Iceland is an ideal place to start advertising in  |
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NationOwnedCCNow
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April 08, 2014, 01:08:10 AM |
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Auroracoin (Auroracoin.org)
That will be Icelands cryptocurrency. Already over 9% of the population have collected their coins from the first airdrop(50% pre-mined, Distributed to all Citizens)
Isn't this common knowledge here? Where have y'all been the last weeks?
(No, I'm not holding: Still waiting to jump in)
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bryant.coleman
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April 08, 2014, 02:43:36 AM |
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Iceland is the only country in the Europe, where BTC is banned completely. According to the Central Bank of Iceland, domestic entities are not allowed to buy bitcoins from foreign entities, as such transactions are considered a capital movement out of the country. Such transactions are illegal due to the capital controls imposed in the country after the collapse of the banking system in 2008. |
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LostDutchman
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April 08, 2014, 03:11:42 AM |
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Iceland is the only country in the Europe, where BTC is banned completely. According to the Central Bank of Iceland, domestic entities are not allowed to buy bitcoins from foreign entities, as such transactions are considered a capital movement out of the country. Such transactions are illegal due to the capital controls imposed in the country after the collapse of the banking system in 2008. (1) Iceland is out in the Atanlic Ocean and is essentially a volcanic island. (2) Who gives a shit what Iceland does? My $.02.  |
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Bit_Happy
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Activity: 2100
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A Great Time to Start Something!
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April 08, 2014, 03:18:26 AM |
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Auroracoin (Auroracoin.org)
That will be Icelands cryptocurrency. Already over 9% of the population have collected their coins from the first airdrop(50% pre-mined, Distributed to all Citizens)
Isn't this common knowledge here? Where have y'all been the last weeks?
(No, I'm not holding: Still waiting to jump in)
Since BTC is illegal in Iceland don't you think Auroracoin is a really bad idea? |
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LostDutchman
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April 08, 2014, 03:21:36 AM |
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Auroracoin (Auroracoin.org)
That will be Icelands cryptocurrency. Already over 9% of the population have collected their coins from the first airdrop(50% pre-mined, Distributed to all Citizens)
Isn't this common knowledge here? Where have y'all been the last weeks?
(No, I'm not holding: Still waiting to jump in)
Since BTC is illegal in Iceland don't you think Auroracoin is a really bad idea? Please stop trying to make sense to them. They don't have any and your continued attempts in that regard give me a headache and stop up my computer. Just kidding. For part of it, anyway! LOL! My $.02. |
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bryant.coleman
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April 08, 2014, 03:23:27 AM |
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(2) Who gives a shit what Iceland does?
That is definitely a point. The total population is only 300,000 and that can decrease if any of those volcanoes actually explode.  |
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LostDutchman
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April 08, 2014, 03:53:19 AM |
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(2) Who gives a shit what Iceland does?
That is definitely a point. The total population is only 300,000 and that can decrease if any of those volcanoes actually explode. And if Eyjafjallajökull blows up there will be no more Iceland. Can you say Eyjafjallajökull? I can. My $.02. . |
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Bit_Happy
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Activity: 2100
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A Great Time to Start Something!
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April 08, 2014, 03:57:51 AM |
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(2) Who gives a shit what Iceland does?
That is definitely a point. The total population is only 300,000 and that can decrease if any of those volcanoes actually explode. And if Eyjafjallajökull blows up there will be no more Iceland. Can you say Eyjafjallajökull? I can. My $.02. . RIP to anyone nearby when that blows up:  |
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