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Author Topic: A small village strengthening it's Economy by cryptocurrencies.  (Read 286 times)
Vatimins
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June 19, 2018, 11:31:14 PM
 #21

A small japanese village named, Nishiawakura is making their economy much more beneficial with the help of cryptocurrencies by launching a Initial Coin Offering. I think it is a best way to help some small villages to grow up with really good profits and also it might bring the cryptocurrencies some more close to legalisation.

The village is home of approximately 1500 villagers and and they unveiled their plans to launch a regional initial coin offering.
Report by coindesk https://www.coindesk.com/japanese-village-to-launch-nations-first-municipal-ico/

This is a perfect head start and i hope that several such villages can soon adapt this strategy to strengthen their economy


     Well, it is a big gamble in my eyes but still, it is a good one. I think that if this village succeeds at what they are aiming for, then the village along with all the people that live within it will truly prosper. This is a good news for us crypto enthusiasts because their success will also be our success because it will show the world how useful cryptos really are.

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June 19, 2018, 11:46:13 PM
 #22

A small japanese village named, Nishiawakura is making their economy much more beneficial with the help of cryptocurrencies by launching a Initial Coin Offering. I think it is a best way to help some small villages to grow up with really good profits and also it might bring the cryptocurrencies some more close to legalisation.

The village is home of approximately 1500 villagers and and they unveiled their plans to launch a regional initial coin offering.
Report by coindesk https://www.coindesk.com/japanese-village-to-launch-nations-first-municipal-ico/

This is a perfect head start and i hope that several such villages can soon adapt this strategy to strengthen their economy
I hope that they at least have something interesting that they're going to do with their ICO instead of just kicking another shitcoin into the market. It's starting to get boring when it seems like every second coin is just some copy-paste under a different name. At least make it something interesting in the sense that it relates to their local industries - meaning forestry, according to the article. It doesn't have to be fancy, just something better than a general token that'll be forgotten about.
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June 20, 2018, 07:13:03 AM
 #23

It's interesting how the people think about ICO, but it need more realistic usage of ICO, if the ICO being launched without a proper foundation then it can make the people lose money and the coin will be useless, and I must say its a bold move to create this kind of ICO, but I am quite pessimistic that the coin could succeed, and rely on decentralised currency to strengthen village economic seems a bit dangerous

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June 20, 2018, 07:39:55 AM
 #24

The surprising thing about this is that the executive government of Japan has allowed this bold move as even though they have stated that it is there way of moving away from the centralized system. Although I am still skeptical on how this move will affect their economy as certainly they are also the ones buying their own coin, one wrong buyer who has control can certainly affect the price of NAC. If this is their way of keeping up I think they have the wrong idea of ICOs as certainly they have other things to improve on.

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June 20, 2018, 08:03:30 AM
 #25

A small japanese village named, Nishiawakura is making their economy much more beneficial with the help of cryptocurrencies by launching a Initial Coin Offering. I think it is a best way to help some small villages to grow up with really good profits and also it might bring the cryptocurrencies some more close to legalisation.

The village is home of approximately 1500 villagers and and they unveiled their plans to launch a regional initial coin offering.
Report by coindesk https://www.coindesk.com/japanese-village-to-launch-nations-first-municipal-ico/

This is a perfect head start and i hope that several such villages can soon adapt this strategy to strengthen their economy

Interesting fact about this village. I cant imagine someone came up with that idea and it is going to work just fine because thats the unique plan and if all the villagers are supporting this type of ICO for their own benefit then surely it will work with full solitude! People know that they are raising the funds for their own good and thus making it even solid project. If there is more organic crowd or investors then such projects will no doubt get hiked very fast. I think I will watch more news about this as to know what exactly would be benefits and can we get in to support it as sponsors or not.  Smiley

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June 20, 2018, 08:07:57 AM
 #26

well i think that was very intresting project by the village in japanese, strengthing their economic by cryptocurrency and then can make a world notice them, and also this is will make a tourist attract to going there

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June 20, 2018, 09:20:16 AM
 #27

A small japanese village named, Nishiawakura is making their economy much more beneficial with the help of cryptocurrencies by launching a Initial Coin Offering. I think it is a best way to help some small villages to grow up with really good profits and also it might bring the cryptocurrencies some more close to legalisation.

The village is home of approximately 1500 villagers and and they unveiled their plans to launch a regional initial coin offering.
Report by coindesk https://www.coindesk.com/japanese-village-to-launch-nations-first-municipal-ico/

This is a perfect head start and i hope that several such villages can soon adapt this strategy to strengthen their economy
Yeah very interesting step to further help and improve the economy. Japan has it's way of treating crypto as their priority most especially investors as it is a decentralized asset and I know that Japan would becoming the worlds  first to fully adopt crypto most especially Bitcoin. If other villages arround the world would make such move then I think  crypto will be a big thing and blockchain technology will be used in different purposes and there will be a chance that government will legalize it for convenience.

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June 20, 2018, 09:26:16 AM
 #28

Japan are very welcome to cryptocurrencies technology and that's why bitcoin users were increasing because bitcoin is legal at there and the effect for legalized bitcoin is Japan can utilize cryptocurrencies to increase standard of life people at there and i think other countries should be following them and not only see bitcoin from negative side that bitcoin also have positive benefit side if people can able to utilize it
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June 20, 2018, 09:47:30 AM
 #29

This is good news, this is can make other country follow this strategi.
If my country use cryptocurrency in real life, i believe that can be better.

right, man. I think villages in some other countries will follow the footsteps of nishiawakura villages to develop their economy by involving cryptocurrency.
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June 20, 2018, 09:57:39 AM
 #30

This is a good news getting support from crypto to strength its economy for the village. Some local and general authorities accepted power of crypto market. This is a significant step in terms of future of cryptos.
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June 20, 2018, 10:34:56 AM
 #31

this is good news, indeed sometimes the change comes from small things, so it may also happen to crypto, this is a good strategy where crypto grows from a small environment, because sometimes success begins with small things, this can be a motivation for countries that have remote areas where the economic equity very difficult to apply where the economy is accustomed to concentrate only in the capital city of the country that trigger large-scale urbanization flows, this good idea is really a brilliant solution, but behind it all the necessary cooperation from the government which means that legality is necessary, means of support, internet access that must be considered because it usually becomes the biggest obstacle when we talk about developments in the village that sometimes very minimal means and lag in the education sector

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June 20, 2018, 11:26:23 AM
 #32

An interesting breakthrough, that way, people in a village can manage the economy independently without having to expect help from the government in the country so that people there can improve the economy without having to rely on fiat fiat. Hopefully the community plan in the village can be done and become a success and be an example for the villages that want to follow their plans.



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June 21, 2018, 05:58:39 AM
 #33

A small japanese village named, Nishiawakura is making their economy much more beneficial with the help of cryptocurrencies by launching a Initial Coin Offering. I think it is a best way to help some small villages to grow up with really good profits and also it might bring the cryptocurrencies some more close to legalisation.

The village is home of approximately 1500 villagers and and they unveiled their plans to launch a regional initial coin offering.
Report by coindesk https://www.coindesk.com/japanese-village-to-launch-nations-first-municipal-ico/

This is a perfect head start and i hope that several such villages can soon adapt this strategy to strengthen their economy
How is that going to strengthen their economy? Most ICOs these days are now regarded as scam, so not everyone is interested in putting their money in ICOs. So these people are going to find it difficult.

And I don’t really fancy the idea of relying on cryptocurrencies to strengthen the economy of a country, while there are many other way much better ways that you can make use of just farming. Farming can help them go a long way than cryptocurrency can do. Just my own opinion.

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June 21, 2018, 06:18:03 AM
 #34

it is a very good idea for a country that legalizes bitcoin, if all countries have such a policy. maybe the countryside will be better organized and have a pretty good economy.

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June 21, 2018, 06:30:29 AM
 #35

it is a very good idea for a country that legalizes bitcoin, if all countries have such a policy. maybe the countryside will be better organized and have a pretty good economy.
the longer legalized bitcoin in a country, the less profit will be gained. so Japan will become a prosperous country in the future with higher btc prices. and villages in japan we can make an example for immediate investment btc

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June 21, 2018, 07:18:45 AM
 #36

A small japanese village named, Nishiawakura is making their economy much more beneficial with the help of cryptocurrencies by launching a Initial Coin Offering. I think it is a best way to help some small villages to grow up with really good profits and also it might bring the cryptocurrencies some more close to legalisation.

The village is home of approximately 1500 villagers and and they unveiled their plans to launch a regional initial coin offering.
Report by coindesk https://www.coindesk.com/japanese-village-to-launch-nations-first-municipal-ico/

This is a perfect head start and i hope that several such villages can soon adapt this strategy to strengthen their economy

this sounds good but isn't it too risky to tell the world that they are in crypto? they will be identified, being a villager is narrower than that of being a country, but oh well, at least they can influence other villager or country all the more in pursuing bitcoin to be well known and well accepted by many. good job.

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June 21, 2018, 07:25:24 AM
 #37

Well, what is their intent with the cryptocurrency after collecting funds from ICO? I understood from the article that main purpose of the ICO is "securing funds" for a forrest-depending village. However, cryptocurrencies are about technology and adoption. If they don't plan a real world use case for the coin, it is simply making money out of thin air.  Sad

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June 21, 2018, 07:32:20 AM
 #38

This is completely awesome, if somebody would ask me about the country which is doing that, I will definitely answer that it would be Japan because people are not afraid to try something new there.

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June 21, 2018, 07:38:39 AM
 #39

The idea sounds really appealing for the community, but has pros and cons. If the balance of the town is active, then the economy will flourish even further due to the stronger coin value. But the cons might be even stronger, as some malicious communities might jeopardise and dump the value for any silly reason. Like medieval towns in their own rights which water supply was blocked. They died all soon after.

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June 21, 2018, 07:50:11 AM
 #40

I believe in that.  You're in small village but, you're in the cryptocurrency so you're economic in that village is all users of crypto, and the government is  in full support of cryptocurrency, and the good is they develop their own economy through cryptocurrency
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