Malin Keshar
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April 10, 2014, 06:37:28 PM |
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Quantum entanglement based computing will solve the problem of internet delay, and we are close to invent the teleport, so the trading problem will be over soon. Money won't be a problem when BTC reaches 1billion each. The space ops will be like the internet or mobile phoes, in few decades we will be far ahead than we might imagine now, we just need to believe.
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blacksails
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April 10, 2014, 07:23:05 PM |
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Quantum entanglement based computing will solve the problem of internet delay, and we are close to invent the teleport, so the trading problem will be over soon. Money won't be a problem when BTC reaches 1billion each. The space ops will be like the internet or mobile phoes, in few decades we will be far ahead than we might imagine now, we just need to believe.
Yeah, right, I don't know about that, but anyway we don't have those things right now. And when we've got those things we can start discussing a colonization of Mars. We got to focus on what we can create with the technology we've got right now, not with technology that we might have in the future. Also, unless the dollar rate drops extremely much, I really doubt we'll get to see 1 billion dollars per BTC.
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Kiki112
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April 10, 2014, 08:35:02 PM |
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before making any real decisions we should know how shallow the waters are there, how deep it is Saya de Malha Bank consists of a series of narrow shoals, with depths from 17 to 29 m (56 to 95 ft) on the rim. They are arranged in a semicircular manner, around a space, the former lagoon, about 73 m (240 ft) deep, which slopes on the Southeast. Some areas of the bank are shallow, less than 10 m (33 ft) below the surface. The shallowest sites known are Poydenot Rock, at a depth of 8 m (26 ft), and an unnamed site 145 km (90 mi) further northwest, with a depth of 7 m (23 ft)
damn, 17m-29m, isn't really shallow as I thought that would be a hell lot of sand ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) hmm, sand is really cheaper than I thought, just googled it, apparently it's around 20$ per ton the question is how much we're going to need ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) and it's a lot ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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CoinDiver
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April 10, 2014, 09:34:55 PM |
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Sand is cheap, but a ton is much less volume than you'd think. Getting it there is a much greater cost. Dredging it from the near by ocean bottom would be more practical. You'll need a substrate though. Something to hold the sand in place. Large limestone boulders in a huge stack would work... but 30' is a lot of damn rock. once you get close to the surface, cyprus trees could hold the finer particles together.
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bryant.coleman (OP)
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April 11, 2014, 02:12:44 AM |
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hmm, sand is really cheaper than I thought, just googled it, apparently it's around 20$ per ton the question is how much we're going to need ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) and it's a lot ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Some $10 billion USD in funding will be needed to build an island of 10 sq.km in size. That is $1,000 per square meter. So a typical 400 sq.m plot will cost you $400,000.
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Sithara007
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April 11, 2014, 05:22:19 AM |
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Some $10 billion USD in funding will be needed to build an island of 10 sq.km in size. That is $1,000 per square meter. So a typical 400 sq.m plot will cost you $400,000.
The land prices are quite high. But considering the fact that there will be no wealth tax or corporate tax, it will pay off in the long term.
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Bicknellski
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April 11, 2014, 08:20:35 AM |
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Why do you even need an island? Posted from Bitcointa.lk - #DqL5dLsJM2bQbMhF
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bryant.coleman (OP)
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April 11, 2014, 11:44:25 AM |
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Why do you even need an island? Posted from Bitcointa.lk - #DqL5dLsJM2bQbMhF
Because all the available land is occupied by some country or the another. We need to create new land (outside the land and marine borders of the existing nations) to be sure of our sovereignty.
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jparsley
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April 11, 2014, 01:05:07 PM |
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What is this btcisland about
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please unban me.
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jparsley
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April 11, 2014, 01:10:54 PM |
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It would more than 100k btc to buile a country
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please unban me.
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semaforo
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April 11, 2014, 01:33:48 PM |
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I still think it would be a lot cheaper to buy a corrupt government in Africa and pay their parliament to approve everything, like the current elite do with the US senate.
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bryant.coleman (OP)
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April 11, 2014, 02:22:12 PM |
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It would more than 100k btc to buile a country
That depends on the Bitcoin exchange rates, unfortunately. If BTC reaches $100,000 vs the USD, then we might need around BTC100,000. It won't be much difficult, as Bitcoin exchanges will rush to establish their offices there.
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Kiki112
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April 11, 2014, 06:53:40 PM |
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hmm, sand is really cheaper than I thought, just googled it, apparently it's around 20$ per ton the question is how much we're going to need ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) and it's a lot ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Some $10 billion USD in funding will be needed to build an island of 10 sq.km in size. That is $1,000 per square meter. So a typical 400 sq.m plot will cost you $400,000. if this is true we won't be able to build an island od even 10 sq.km in size the whole market cap of all bitcoins is in total 5 413 678 734$ aka. 5.4 billion $, so if we had all the bitcoins on the spot we still wouldn't have enough money to build a 10 sq.km island! are you sure we need so much money for such a small island? I mean, if this is true and if we even issue shares, it would still be questionable if we could raise enough money..
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bryant.coleman (OP)
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April 12, 2014, 02:33:38 AM |
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the whole market cap of all bitcoins is in total 5 413 678 734$ aka. 5.4 billion $, so if we had all the bitcoins on the spot we still wouldn't have enough money to build a 10 sq.km island! I am not planning to build this island immediately. I haven't even finished finalizing my plans. May be by 2018 or so, we will be able to start work. Hopefully by then, BTC will be trading at $10,000 - 100,000 range. If it is trading at 100K, then 100K Bitcoins might be needed. At 10K, one million coins will be needed. Not a big amount, considering the number of people who want to live outside governmental oppression.
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Kiki112
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April 12, 2014, 10:59:18 AM |
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the whole market cap of all bitcoins is in total 5 413 678 734$ aka. 5.4 billion $, so if we had all the bitcoins on the spot we still wouldn't have enough money to build a 10 sq.km island! I am not planning to build this island immediately. I haven't even finished finalizing my plans. May be by 2018 or so, we will be able to start work. Hopefully by then, BTC will be trading at $10,000 - 100,000 range. If it is trading at 100K, then 100K Bitcoins might be needed. At 10K, one million coins will be needed. Not a big amount, considering the number of people who want to live outside governmental oppression. we can take alt-coins in account too, they might be able to invest some money too ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) but the problem is if we raise 1 000 000 bitcoins we'll most probably have to sell them in order to build the island and therefore crash&burn the bitcoin price to it's lowest we will need to find people who will do it for bitcoins..
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bryant.coleman (OP)
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April 12, 2014, 12:06:41 PM |
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we can take alt-coins in account too, they might be able to invest some money too ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I am not sure about that. May be we'll be able to find a compromise. but the problem is if we raise 1 000 000 bitcoins we'll most probably have to sell them in order to build the island and therefore crash&burn the bitcoin price to it's lowest Building the island will take a lot of time. So we have plenty of time to sell the coins.
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dank
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April 12, 2014, 02:21:00 PM |
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And everyone ridiculed dank when he wanted to build an island a couple years ago.
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bryant.coleman (OP)
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April 12, 2014, 02:22:22 PM |
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And everyone ridiculed dank when he wanted to build an island a couple years ago.
May be he was not serious about the idea. Or he had some really unworkable ideas.
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dank
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April 12, 2014, 03:40:33 PM |
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Or just a step ahead for his time.
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Equate
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April 12, 2014, 03:43:18 PM |
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what about Bermuda triangle ?
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