Bitcoin Forum
October 19, 2017, 08:04:15 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Bali Plans to Become a Bitcoin Paradise Island?  (Read 2362 times)
coindozer7
Member
**
Offline Offline

Activity: 71


View Profile
May 28, 2014, 10:21:02 PM
 #1

I thought this recent news article on how Bitislands planning to turn Bali (A paradise island in Indonesia that attracts millions of honeymoon couples, families, and tourists from all over the world every year) a Bitcoin island. It actually makes sense where cash & ATM theft and high international exchange fee has been a big issue. It will be a great vacation spot for all Bitcoin enthusiasts like us to visit when this happens!

What do you guys think?  Grin

Why Bali Should Become a Bitcoin Island (via Fast Company)
http://www.fastcompany.com/3031149/bali-is-poised-to-become-the-worlds-first-bitcoin-island

How Bitislands Plans to Turn All of Bali into ‘Bitcoin Paradise’ (via CoinDesk)
http://www.coindesk.com/bitislands-bali-bitcoin-paradise
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508400255
Hero Member
*
Offline Offline

Posts: 1508400255

View Profile Personal Message (Offline)

Ignore
1508400255
Reply with quote  #2

1508400255
Report to moderator
1508400255
Hero Member
*
Offline Offline

Posts: 1508400255

View Profile Personal Message (Offline)

Ignore
1508400255
Reply with quote  #2

1508400255
Report to moderator
1508400255
Hero Member
*
Offline Offline

Posts: 1508400255

View Profile Personal Message (Offline)

Ignore
1508400255
Reply with quote  #2

1508400255
Report to moderator
Chef Ramsay
Legendary
*
Offline Offline

Activity: 1540



View Profile
May 28, 2014, 10:33:07 PM
 #2

I applaud these guys on there mission as it will only be more beneficial for the community going forward. Hopefully, more Indonesians realize the benefits and free them from the highly inflationary currency. We're starting to take the world by storm.
nkocevar
Sr. Member
****
Offline Offline

Activity: 294



View Profile
May 28, 2014, 10:55:01 PM
 #3

this is amazing. I think that this will help shed light on bitcoin cause this will definitely hit the news. Not only will it give bitcoin good media spotlight, but it may raise the price a percent or two... more money for me Smiley

bitebits
Legendary
*
Offline Offline

Activity: 1025


Bitcoin != exchange rate


View Profile
May 28, 2014, 10:57:15 PM
 #4

On the Gili Islands close to Bali there are no ATM's. Must say that was pretty inconvenient Smiley Great news!

- You can figure out what will happen, not when /Warren Buffett
- Pay any Bitcoin address privately with a little help of Monero:
 on your mark, get set, go!
GogglesPisano
Member
**
Offline Offline

Activity: 68


View Profile
May 29, 2014, 12:03:06 AM
 #5

I just read the article too... sounds like friggin paradise  Smiley

keithers
Legendary
*
Offline Offline

Activity: 1344


This is the land of wolves now & you're not a wolf


View Profile
May 29, 2014, 03:48:50 AM
 #6

This is such a great idea.   Having mass adoption start in a place like paradise, is a great PR because it will attract so much attention while requiring a much smaller economy.     I would literally move to a place like Bali if I didn't have so much holding me where I currently live...
Phinnaeus Gage
Legendary
*
Offline Offline

Activity: 1358


Bitcoin: An Idea Worth Spending


View Profile
May 29, 2014, 03:58:10 AM
 #7

I think it's amazing what some German dude can do there in Bali. First, sell a timeshare depicted as the first Villa to be sold in Bali to some unknown Texan, now this.

It was first reported that villa was nearing completion, then it was only a timeshare, then we later learnt that the property in question has been around for a while.

That's why I'm calling this announcement BULLSHIT!
Ron~Popeil
Sr. Member
****
Offline Offline

Activity: 406



View Profile
May 29, 2014, 04:04:38 AM
 #8

If a bit coin friendly airline comes along to go with it I might have to finally renew my passport.

BTCisthefuture
Sr. Member
****
Offline Offline

Activity: 364


View Profile
May 29, 2014, 04:19:14 AM
 #9

will be interesting to see how this develops.  Would be pretty cool if they can acheive some of the big goals they have.  I'll certainly visit (whether bitcoin takes off or not).

Hourly bitcoin faucet with a gambling twist !  http://freebitco.in/?r=106463
Phinnaeus Gage
Legendary
*
Offline Offline

Activity: 1358


Bitcoin: An Idea Worth Spending


View Profile
May 29, 2014, 08:58:01 AM
 #10

Oscar owns http://www.ecurrencyzone.net

https://www.linkedin.com/pub/oscar-darmawan/62/319/340

Quote
Business Consultant
DV9 International Pte Ltd
2006 – 2009 (3 years)
Helping organizations to improve their performance, primarily through the thorough analysis of existing business problems and development of plans for improvement also previously in charge of Server Management and Performance.

The website for DV9.com just went live early this year.

Google 20 Maxwell Road, #09-17 Singapore to see what else stems from that address.

This is just a PR stunt, as far as I'm concerned.
hamiltino
Hero Member
*****
Offline Offline

Activity: 644


P2P The Planet!


View Profile
May 29, 2014, 03:08:12 PM
 #11

That would be awseome but bali is not some small isolated retreat. Its actually a hugely populated area with plenty of businesses. It would be like trying to convince a modern city to drop what there doing and switch everything to bitcoin.

I have been there.

Maybe aim a little lower first.

stacking coin
juju
Sr. Member
****
Offline Offline

Activity: 382



View Profile
May 29, 2014, 04:21:00 PM
 #12

I hear some of those Islands are pretty beautiful, sounds like a decent place to part with some coins.
spazzdla
Legendary
*
Offline Offline

Activity: 1330


View Profile
May 29, 2014, 05:01:46 PM
 #13

I hear some of those Islands are pretty beautiful, sounds like a decent place to part with some coins.

My thoughts exactly, if they do this, I'll be going to Bali.
StatusSeeking
Member
**
Offline Offline

Activity: 78


View Profile
May 29, 2014, 07:06:30 PM
 #14

I read this team wants to turn Bali into Bitcoin Island http://www.techinasia.com/team-turn-bali-bitcoin-island/
Phinnaeus Gage
Legendary
*
Offline Offline

Activity: 1358


Bitcoin: An Idea Worth Spending


View Profile
May 29, 2014, 07:38:30 PM
 #15

I hear some of those Islands are pretty beautiful, sounds like a decent place to part with some coins.

My thoughts exactly, if they do this, I'll be going to Bali.

They should have the ATMs in place by then.
Notanon
Sr. Member
****
Offline Offline

Activity: 385


Pastor of Muppets


View Profile
May 30, 2014, 05:09:43 AM
 #16

All of the bogans heading there might get a bit too easily confused as to how to utilise Bitcoin in the first place. Which might be good as they might bugger off to Thailand or Lombok instead.

AMHash
ASICMINERROCKMINER ● Purchase from: AMHash (20Th/s min) ● Havelock (1Gh/s min)
Cloud-mining contracts: 0.0012 BTC per Gh ● Maintenance fee: $0.001551 per Gh per day ● Upto 6% Christmas Bonus

MarketNeutral
Sr. Member
****
Offline Offline

Activity: 364


View Profile
May 30, 2014, 07:32:30 PM
 #17

Who knows if anything will actually come of this (I hope so), but in terms of the location, I can think of worse places than Bali——especially off the tourist path.
BitCoinDream
Legendary
*
Offline Offline

Activity: 1232

The revolution will be digital


View Profile
May 30, 2014, 07:40:17 PM
 #18

I thought this recent news article on how Bitislands planning to turn Bali (A paradise island in Indonesia that attracts millions of honeymoon couples, families, and tourists from all over the world every year) a Bitcoin island. It actually makes sense where cash & ATM theft and high international exchange fee has been a big issue. It will be a great vacation spot for all Bitcoin enthusiasts like us to visit when this happens!

What do you guys think?  Grin

Why Bali Should Become a Bitcoin Island (via Fast Company)
http://www.fastcompany.com/3031149/bali-is-poised-to-become-the-worlds-first-bitcoin-island

How Bitislands Plans to Turn All of Bali into ‘Bitcoin Paradise’ (via CoinDesk)
http://www.coindesk.com/bitislands-bali-bitcoin-paradise

This project actually took shape on this forum. Here is the link => https://bitcointalk.org/index.php?topic=567458.0  Wink

franky1
Legendary
*
Offline Offline

Activity: 1834



View Profile
May 30, 2014, 09:05:14 PM
 #19

the original idea, which i felt was flawed and very scammy was that they wanted some crowd funding.

but what would be the great plan is not to physically buy an island. as thats a billionaires wet-dream, but instead make it the most bitcoin friendly island there is.

the guys behind the Indonesian exchange can do all of this without crowd-funding. they simply use their exchange as the 'bitpay' equivalent service for shops on the island to convert. (also how the exchange makes the profits to afford the promotional stuff)

all they have to do is set all the shops up with their exchange and offer a QR/fresh address service that links to merchant accounts. this costs the exchange nothing to set up, bar a few lines of code. and walking around the island drumming up business has no costs either.

the only costs would be labour which they recoup from the merchant services they offer on their exchange.

if they want to have an office, again they dont need crowd-funding, as the exchange is already making profits so its not like they are a start up. they simply drop the current office rental, and move to another building that is on the island.

so now we are all on the same page that crowd funding is not needed, let move onto the promotional side of getting the shops on that island to accept bitcoin. then once the shops accept bitcoin. the staff who live on the island will find they can buy their food and clothes with bitcoin as... the shops they go to accept bitcoin. meaning the amount of bali legal tender will slowly decline to not being required at all.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
CoinDiver
Hero Member
*****
Offline Offline

Activity: 779


View Profile
May 30, 2014, 10:01:18 PM
 #20

More productive would be to raise enough funds to pay off the local government.

http://mises.org/daily/3229
BTC:1PEyEKyVZgUvV4moXvCD5rQN21QETGPpLc
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!