Best place to build the Bitcoin island in the international waters

[bryant.coleman]

I thought you were tying prices to the dollar - as in $1,000 per square meter?  That is doable today, and is not tied to the price of bitcoin.  I'd buy.

If you wait for the price of bitcoin to climb to $10k, you are waiting on a dream that will never become reality.  By then people will have spent the money on their own real estate.

I was tying the prices to USD, because the expenses have to be paid in USD.

I know that reaching the 10K mark is difficult. But in case Bitcoin remains at $450-500, then we might not need a separate political entity. The taxes might be affordable. If the government charges 1-2% tax on Bitcoin transactions, the maximum yearly combined tax will be around $50-100 million.

On the other hand, if BTC reaches the 10K mark, and the governments want to tax the Bitcoin exchanges, then a separate entity will be necessary.

For example, if 10 million coins are traded annually @ $10,000. Trade volume will be $100 billion. Taxes will be around $1-2 billion per year. If we have our own island, then we can save the taxes. The ROI will be 5-10 years.

Note: The daily Bitcoin trade volume right now is around BTC100,000 per day. That is around BTC35-40 million annually. I expect the volume to come down, when the exchange rate increases.

[dogechode]

I would strongly consider the possibility that BTC will be staying around $400-500 for some time now. I know everyone wants to believe that the next massive price surge is just around the corner, but I just don't see the evidence. I think it's going to stay 400-500 until some major change occurs. It's going to be hard to find something bigger than the influx of Chinese investors was, to jack the price up again.

[mdegreffe]

I would strongly consider the possibility that BTC will be staying around $400-500 for some time now. I know everyone wants to believe that the next massive price surge is just around the corner, but I just don't see the evidence. I think it's going to stay 400-500 until some major change occurs. It's going to be hard to find something bigger than the influx of Chinese investors was, to jack the price up again.

This. i assume that btc adoption by amazon or some kind of the big internet vendor is going to be the next big step.

[bryant.coleman]

This. i assume that btc adoption by amazon or some kind of the big internet vendor is going to be the next big step.

Amazon would never adopt Bitcoins, so forget about it. The next big name can come from any sector, not just the online retailers. Can be Van Cleef & Arpels, Swarovski, or even the Starbucks.

[dogechode]

Why do you think Amazon wouldn't do it? I actually feel like they are likely to be one of the next big adopters.

But I don't feel like merchant acceptance is going to push the price up very much, maybe slowly over time but not drastically (ie hundreds of dollars per btc in a matter of months.)

[bryant.coleman]

Why do you think Amazon wouldn't do it? I actually feel like they are likely to be one of the next big adopters.

Because they have already rejected it.

Anyway.... I was just saying that we shouldn't focus on Amazon too much. There are a lot of other big names out there.

[ShibaWow]

why did this thread die?

[dariuss]

wouldnt it be like some off-shore areas like the cayman islands?

[Scipio Africanus]

make a big sbmarine, and we live subwaters, like the Vernes book

[ShibaWow]

make a big sbmarine, and we live subwaters, like the Vernes book

it would be easier to build a huge floating platform on which everyone could live, but that's not the point of this thread

[CoinDiver]

There is an interesting Russian "island"... They built some oil rigs, but it was close enough to shore that they just built a bridge to it. Now it's a fairly large settlement, with a decent population. Can't remember the name...

[zimmah]

How did i never notice this topic?  

I think the saya de Malha bank is a pretty nice place as well, climate should be good there.

And, as long as there's no pirates (or we can hire our own frigate) it should be easy to import most goods, easy trade routes by sea from europe, asia and oceania. (and africa obviously)

the dark blue part between japan and indonesia may also be a pretty good place.

[zimmah]

^^^^^ OK. Let me study the two locations which you have pointed out. They needs to be in international waters, and they needs to be shallow enough to build an artificial island.

Happy Easter from the USSA.   

Building an artificial island is a fascinating idea.
The primary ones I'm aware of are in/near Dubai and this one (Palm Island) looks like it's doing really well:

i guess arab have a great mind by building this wonderful island

they are paid by the arabs, but mostly build by the Dutch, the Dutch are experts in building islands after all.

[STT]

Funny but they arent short of land in that area so far as I know, all these skyscrapers in the desert are not required exacly.  I guess its no worse then Las vegas, society deems a point to it :p
  Just that all this work allows everyone to live by the sea?  In a hot country thats nice but when the sea level rises over a century isnt that really not great land to own

[Benjig]

In Mali theres already a bitcoin paradise, many villas being sold for bitcoins and bitcoin is a regular currency across that land.

[bitkilo]

If you have enough budget you can just bought some small islands and declare sovereignty. Or just conquer small island nation. With 1 billion usd I guess more than enough to have small micronation and strong enough military to protect from invaders.

If all bitcoin holders would fund this project this could be possible.

Sounds like a great idea, where do I sign up for this bitcoin funded nation takeover?

[ShibaWow]

Waiting for bryant.coleman to continue the thread

I was following it even before I registered, just came across my mind, hope it revives soon

[Karpeles]

you could make a flying island, like the book Gulliver's Travels

[dank]

I would not recommend residing on a small island in the immediate future with the incoming tsunami.  Earth's pole's flipping is no small deal.

[Bit_Happy]

you could make a flying island, like the book Gulliver's Travels

Great idea!
...and you can afford to pay the cost of construction Mr Mark K.