Why is Estonia obsessed with BTC?

P.s. Buy when interest is low, Sell when interest is high. That was actually going to be my post but got a little obsessed with Estonia myself

Given the fact that it has population of a large town it may be due to some IT companies opening their business there, that's only a guess :þ

Because of cointellect ponzi which is located in Estonia...

Quote from: cakir on January 21, 2015, 05:38:30 PM

Because of cointellect ponzi which is located in Estonia...

if this is true then maybe is the solution for the enigma Tongue

in the other hand maybe this is just a coincidence and some new companys opening their business there, in any case seems interesting, lets see if in the next months things go in the same way...

Quote from: cakir on January 21, 2015, 05:38:30 PM

Because of cointellect ponzi which is located in Estonia...

Yes because it can't be anything to do with their economy and payment development Roll Eyes

Risto is also from Estonia and he has built a castle with money earned only from Bitcoin, some say.
Maybe a lot of estonians try to also get rich with Bitcoin? (Yeah, I guess that most will or did only lose money with it, but people like to hope.)

I think its because since separating with the USSR and swallowed-up by the EU they have nothing!

We'll see a big surge in search for Bitcoin in countries like Greece pretty damn soon that the delusional left is going to kick them out of the Euro by saying fuck you to Merkel.

I read somewhere that everyone in Estonia has Internet access.

They call it e-stonia.

Quote from: NeuroticFish on January 21, 2015, 06:05:03 PM

Actually you are wrong!
Risto is from Finland! And everyone from Finland goes to Estonia because it's cheaper

So Estonia is the same thing for Finland like Germany is for Swiss people!

Estonia is obsessed with all things digital, incluing but not limited to a digital currency

Quote from: Elwar on January 21, 2015, 06:13:15 PM

I read somewhere that everyone in Estonia has Internet access.

They call it e-stonia.

GROAN

Ah Elwar you know how to make it corny but what's this no Internet stoner access joke instead
It's E- Stoned - Ia after all

Anyways not quite sure myself but that's an interesting trend there.

Liechtenstein is a tiny, double-landlocked nation in Europe, just south of Austria and bordering Switzerland. They are a great tax haven and money center of Europe. They have to be, because they are so small and so landlocked that they don't have much else. When Bitcoin hits big time there, Bitcoin will really move.

Luxembourg, while larger, is also a big European money center tax haven.

Possible for exchangers there to be super easy to make fiat withdrawal and particularly remain complete anonymous? Just wondering because that would be the first thing bitcoiners are interested at.

Estonia has the lowest VAT rates on precious metals throughout Europe. Maybe they trust paper money less than their peers. Just a little theory I have been formulating.

Maybe Estonia is going to invent something that is even more revolutionary than their Skype?

Quote from: xoomo on January 23, 2015, 12:41:50 PM

Maybe Estonia is going to invent something that is even more revolutionary than their Skype?

What does that have to do with Bitcoin n its obsession?

I guess the instability in their economy makes them distrust fiat currency and turn to Bitcoin

Quote from: worldinacoin on January 24, 2015, 01:10:27 PM

I guess the instability in their economy makes them distrust fiat currency and turn to Bitcoin

Say what again???
http://www.stat.ee/main-indicators

http://www.bloomberg.com/news/2014-08-11/estonian-gdp-grows-more-than-forecast-on-wood-tax-receipts.html

I think they are doing quite fine

Quote from: worldinacoin on January 24, 2015, 01:10:27 PM

I guess the instability in their economy makes them distrust fiat currency and turn to Bitcoin

Cyprus have suffered from massive bank bailouts and i dont see their citizens being obsessed with bitcoin tho.