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Author Topic: Which city will be the center of crypto currency  (Read 9394 times)
arbitrage001
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July 27, 2014, 08:43:17 AM
 #21

Moscow. Putin should support bitcoin to by pass USD.
DrG
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July 27, 2014, 11:21:21 AM
 #22

I have a sense New York will eventually find a way to be that


Please.  NY is so anti BTC that now BTC Guild may shut down due to the possibility of their overreaching regulation getting passed.  After all can't have capital fleeing from Wall Street crooks  Cheesy
banque
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July 27, 2014, 11:39:22 AM
 #23

London has more billionaires than any city

But I still say Amsterdam

Legal dope and legal hos

Eventually though BTC will be centered out of CAYMAN ISLANDS

It's where mega wealth is stored today

Some major domain name players there now

Even Mitt Romney has his minor amount of millionaires stored there

The narco money is there

Lots of tech dough there

Only country left I believe with no extradition to USA

So Cayman Islands not a city but a country will be downtown btc soon

I've seen a few projects recently all purposing BTC BANKS chartered out of CI

So a CI bank will soon be how you buy and sell btc and an exchange and a credit card and whatever

CI is coming to btc soon
Welsh
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July 27, 2014, 11:43:26 AM
 #24

I don't think many people understand what the philosophy of Bitcoin is, it's Decentralized meaning there should be no center of Bitcoin and Bitcoin should be used in many different countries and cities. Stop trying to make Bitcoin something which it isn't.
Daniel91
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July 27, 2014, 11:46:51 AM
 #25

I guess There will be a city fully support crypto currency industry in a not far future.

The definition of city of crypto :
I. Any decentralized crypto currency is legal tender and tax free, let the free market decide which crypto will be the mainstream  
II. Crypto companies have rights to keep customers profile secret  
III. Gov guarantee will not interfere crypto currency industry


Obviously , New york isn't suit for that title.
I have some candidates :

1. Tokyo , though mtgox is in Tokyo but it seems japan still is very tolerant to crypto .

2. Hong kong , HK gov think there's no need to regulate Bitcoin if it does not pose a threat to the financial stability of HK .

3. Singapore ,  Bitcoin transactions may be treated as a barter exchange if it is used as a payment method for real goods and services in Singapore/

4. Los angles , California gov  have signed a bill legalizing Bitcoin , but not sure about the future .

5. Copenhagen , the Denmark top tax authority declared that personal profits and losses from Bitcoin trading would not be taxed

6.  Toronto , Toronto has many Bitcoin ATMs and lots of merchant stores accept Bitcoin  ( williamj2543 )

7. Offshore tax free country  , offshore countries will always be the heaven of crypto

So ..any thoughts ?

 
Ref : https://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country

Very good list of possible candidates Smiley
Personally, because already so many financial institutes like World Bank or other- UN, are already located in USA, i would like to see future center of crypto currency  outside of USA, maybe Japan or Denmark.
Still, I'm not sure that this will ever happen because of the nature of Bitcoin, with decentralization as main characteristic but we will see soon, i guess Smiley

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Thekool1s
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July 27, 2014, 11:56:37 AM
 #26

singapore i think
joshraban76
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July 27, 2014, 12:29:30 PM
 #27

I don't think BTC will ever have a center. At least it shouldn't to keep it decentralized.  The greater the bitcoin adoption the more governments will be interested in centralization and regulation.

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July 27, 2014, 12:54:34 PM
 #28

singapore i think

Why ... Any reasons?
I don't think Singapore has a big dent in Bitcoin at the moment, though, I could be wrong as I'm basing my opinions on recent even geographical.
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July 27, 2014, 01:12:38 PM
 #29

New York

stacking coin
SunBin
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July 27, 2014, 01:13:08 PM
 #30

singapore i think

Why ... Any reasons?
I don't think Singapore has a big dent in Bitcoin at the moment, though, I could be wrong as I'm basing my opinions on recent even geographical.

ITBIT is located in Singapore. And it is being regulated by MAS (Singapore Central bank). There is no fear ITBIT will turn Gox.
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July 27, 2014, 01:14:02 PM
 #31

singapore i think

Why ... Any reasons?
I don't think Singapore has a big dent in Bitcoin at the moment, though, I could be wrong as I'm basing my opinions on recent even geographical.

Singapor or Hong Kong because they are open to new ideas and new businesses
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July 27, 2014, 01:32:01 PM
 #32

Barcelona
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July 27, 2014, 01:44:11 PM
 #33

Any technology or finance system naturally attracts people to hubs. It's easier to do business and propagate new ideas.

I wouldn't discount offshore places like Jersey. They're already established as financial centres and are that much more nimble. We maybe surprised at where does become one of Bitcoin's engine rooms.
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July 27, 2014, 02:46:45 PM
 #34

Any technology or finance system naturally attracts people to hubs. It's easier to do business and propagate new ideas.

I wouldn't discount offshore places like Jersey. They're already established as financial centres and are that much more nimble. We maybe surprised at where does become one of Bitcoin's engine rooms.

hubs i agree with, multiple hubs, where there are manufacturing hubs in asia, innovation hubs near MIT, investment hubs in jersey, and community hubs across the planet. but i still find it bewildering that people want there to be one exclusive concentration camp rather than getting the world to be bitcoin friendly

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Malin Keshar
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July 27, 2014, 02:47:55 PM
 #35

Swiss maybe? They are stable country and have a history with banking stuff
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July 27, 2014, 03:49:44 PM
 #36

It can't be New York, they are captured by the present system, as the new regulations made clear.

In many ways it could be a relatively unknown city or a "rogue" state.  Bitcoin needs its Switzerland or Tortuga....  Shocked)
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July 27, 2014, 04:21:26 PM
 #37

Even though Bitcoin is decentralized I think if we did have a center it would probably be london they are friendly to Bitcoin and are already a economic center.

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July 27, 2014, 04:48:36 PM
 #38

Even though Bitcoin is decentralized I think if we did have a center it would probably be london they are friendly to Bitcoin and are already a economic center.

The conventional banks in the UK are most definitely not friendly though. I think London's going to be left far, far behind unless a few of them do come around.
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July 27, 2014, 05:54:02 PM
 #39

OP are you trying to suggest that a node run out of this so called cypto city could classify the city as running the node

that controls crypto

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July 27, 2014, 05:56:02 PM
 #40

I really don't know how this would work though there can't be a single node which is classified as a center or are you suggesting that the center has thousands of nodes run 24/7 to be classified as the center of Bitcoin.

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