Which city will be the center of crypto currency

[izanagi narukami]

Amsterdam is a good city that capable maintance economical challenge.
Bitcoin is another challenge that can be lure by their professional economists i think 

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[ensurance982]

A couple of weeks ago I'd have said New York City, but if they really are enforcing those laws they're currently working on, it may hinder Bitcoins development a lot. :-/

[Rum152]

A couple of weeks ago I'd have said New York City, but if they really are enforcing those laws they're currently working on, it may hinder Bitcoins development a lot. :-/

I don't think New York City would ever become the bitcoin center of the world. They are already the center of fiat based investments.

[jbreher]

Maybe the one difference now is that we can use Bitcoin on Overstock and Newegg and I admit that's a positive change but unless they offer a 3% discount it offers no advantage over using credit.

Isn't 10% a bigger discount than 3%?

http://promotions.newegg.com/nepro/14-3631/index.html

For posterity:

[ducatitalia]

Eventually, planet Earth...but starting small, and I may have missed it here, but is it possible that no one mentioned San Francisco...?!  Silicon Valley makes up 46% of all VC going into Bitcoin infrastructure at the moment...rest of the world 54%.

[Swordsoffreedom]

Maybe the one difference now is that we can use Bitcoin on Overstock and Newegg and I admit that's a positive change but unless they offer a 3% discount it offers no advantage over using credit.

Isn't 10% a bigger discount than 3%?

http://promotions.newegg.com/nepro/14-3631/index.html

For posterity:

Nice I didn't notice that newegg gives a 10% discount on Bitcoin purchases and that its an active campaign
If I need to do some shopping will know where to look thanks.

[TheCloser]

My bet is San Francisco.

[TaunSew]

Maybe the one difference now is that we can use Bitcoin on Overstock and Newegg and I admit that's a positive change but unless they offer a 3% discount it offers no advantage over using credit.

Isn't 10% a bigger discount than 3%?

http://promotions.newegg.com/nepro/14-3631/index.html

For posterity:

Nice I didn't notice that newegg gives a 10% discount on Bitcoin purchases and that its an active campaign
If I need to do some shopping will know where to look thanks.

That's not 3% discount.  That's only $10 off if you spend more than $100.  It's not much of a discount if your buying a whole computer or laptop off Newegg.

[elasticband]

Amsterdam or the Hauge

[jjc326]

Eventually, planet Earth...but starting small, and I may have missed it here, but is it possible that no one mentioned San Francisco...?!  Silicon Valley makes up 46% of all VC going into Bitcoin infrastructure at the moment...rest of the world 54%.

I'd definitely think it would be San Fran more than LA.  LA thinks it's too cool and has other things to do than BTC.  I would think it would be a more liberal city in the US that would take the lead in BTC.  Yes LA said ok it was legal but they don't even have authority to do that I don't think - money would be regulated at the federal level.

[jbreher]

That's not 3% discount.  That's only $10 off if you spend more than $100.  It's not much of a discount if your buying a whole computer or laptop off Newegg.

Hate to break it to you, but you are absolutely, categorically, incorrect:

[bigasic]

Honestly, Toronto has a really good start. San Francisco is a good choice in the future. But I think Toronto is the front runner right now.

[baxto]

Can't believe no one has mentioned Seattle. Such a liberal city, Surrounded by many high tech industries.

[west420]

Can't believe no one has mentioned Seattle. Such a liberal city, Surrounded by many high tech industries.

its in the US

The US is actually one of the friendlier countries towards bitcoin.

[williamj2543]

Can't believe no one has mentioned Seattle. Such a liberal city, Surrounded by many high tech industries.

its in the US

The US is actually one of the friendlier countries towards bitcoin.

From what I've heard, Canada is nicer right? Toronto is a very large city that could potentially be good as a center, but again, bitcoin is DEcentralized, not centralized, meaning there can't be a definitive "center" for bitcoin. US has the income laws right? Bitcoins are taxed now aren't they?

[ensurance982]

A couple of weeks ago I'd have said New York City, but if they really are enforcing those laws they're currently working on, it may hinder Bitcoins development a lot. :-/

I don't think New York City would ever become the bitcoin center of the world. They are already the center of fiat based investments.

Yeah, but both of them are about money in general. And why wouldn't a center of finance absorb another financial instrument as well?

[The Bitcoin Co-op]

If you mean a city in which the administrative authorities use Bitcoin predominantly and support its adoption, then it's going to be some small city-state, likely a tax haven.

Vancouver's a pretty good hub of cryptocurrency activity, though, especially per capita. We have plenty of ATMs of at least 4 different models and dozens of brick and mortars in a small geographic area. I can get groceries, a bicycle, a haircut, Indian food, Chinese, Italian, German or Polish cuisine, marijuana paraphernalia, computers, games... etc. We have at least 2 Meet Ups a week, and large ones at least once a month. A major technical school and Simon Frasier University are getting on board, and we've got 2 (coming on 4) online exchanges based here. The list goes on

[yayayo]

There will be none.

The decentralized nature of bitcoin will prevent any one place from being the center of bitcoin related transactions.

That is the ideal case.

If you mean a city in which the administrative authorities use Bitcoin predominantly and support its adoption, then it's going to be some small city-state, likely a tax haven.

That is the alternative case if most governments employ bitcoin-hostile regulations such as NYC.

Of course I hope that there will be no center and that CCs will flow freely around the entire globe.

ya.ya.yo!

[jbreher]

http://www.foreignpolicy.com/articles/2014/07/29/the_social_laboratory_singapore_surveillance_state

by U.S. standards, Singapore's privacy laws are virtually nonexistent, and it's possible that the government collected private communications, financial data, public transportation records, and medical information without any court approval or private consent -

"By U.S. standards"!? Riiiight.

[FUR11]

It will be Amsterdam! They've got the Bitcoin Boulevard! Even if it is not working out perfectly as of now, people will soon realize how great Bitcoin is and push it forward. The Netherlands have always been a very open minded and progressive country, as well! I'm sure they will embrace Bitcoin!