Here's a crazy thought I had.
So, I'm sure there are probably 1 or 2 extreme diehards lurking around here that will be seriously intrigued by what I'm about to say. For everyone else, consider it a fun thought I had the pleasure of entertaining for the past few minutes.
I would estimate that there are a fairly large amount of people on this forum that all meet the following critera:
1.) They check Bitcoin everyday or almost every day
2.) They are invested in Bitcoin both financially and emotionally
3.) They genuinely believe Bitcoin is an improvement upon traditional currency and believe it would be good for society
4.) They are generally good and honest people
Additionally, I would add that these members likely have a wide variety of talents and abilities as a group.
So, how about all the people on this forum who meet these criteria liquidate all of their assets, collect their money, join together, and build their own community from scratch. The cash from their "real world" lives could be used to establish rudimentary housing and infrastructure. Then, Bitcoin would be used exclusively within this community. Community members would work to collect food, keep the community area clean, sell basic products/services, etc.
While the community will (naturally) have a law prohibiting the use of fiat currency (punishable by stoning), there will be an exception in the case of paying the electric bill. How else ya gonna mine?
If you ever wanted to see the price of Bitcoin increase, this would be chance of a lifetime! With Bitcoin being the only legal means of acquiring goods and services, Bitcoin would be
practically virtually (get it?) priceless!
Er...but what about the exchange rate?
You mean...no more fun on the exchanges? No more rally cries while
dawning donning viking hats and blowing kazoos, the smell of titanium in the air?
Now I'm all confused. A community without Gox Live? Fuck it.
I'm already doing this.
The land will have about 20 hectares, with rivers, wind, solar power, food and homes for every single person of the community...
All of our technology will be open sourced, including electric generators, cars, money, food, medications, water treatment, etc...
The CryptoCurrencies we are planing to use include the Bitcoin itself, of course, Litecoin and Namecoin.
If fact, my objetive is to create a "moneyless" society, based entirely in a resource-based economy but, this is for the future, long run...
All our Bitcoin Mining Rig will be powered by renewable energy, produced in our experimental city, so, no electricity bills. The generators (hybrid powerplants), nobreaks, powerlines, trafos, etc, will all be open source. So, everybody in the World will be able to copy what we are doing, for free.
The base of our city will be built using the project "Open Source Ecology - GVCS". And the future it can be somethuing like The Venus Project.