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Topic: [ANN] [Bitcoin Saudi Arabia] - large mined reserved for Saudi Arabia Government (Read 379 times)

copper member
Activity: 201
Merit: 0
Hi, everybody. What algorithm does the coin have??? Huh
sr. member
Activity: 1050
Merit: 295
but I am curious about the BTCSA, has the Saudi Arabia government made a statement regarding its support for the BTCSA?
No, there's no support for it.
Let me put it this way; the developers are hoping the government apply and buy the premined from them: https://web.archive.org/web/20190126191918/https://bitcoinsa.coinsgov.org/

Wonder why any government will be inclined to do so when they can just commission their version easily
The reserved coins are for Saudi Arabia government to claim with no cost.

Of course, but the government can just as well develop their own crypto at no cost too. However, that does not answer the most important question: Has the company remotely interested in your project? Do they even know that it exists?
Reason for these questions is obvious since you're asking the government to send you duly stamped and sealed application on your site, that means you've got no access inside
newbie
Activity: 3
Merit: 0
CryptoSDesigner you are also pushing this project for you
copper member
Activity: 245
Merit: 26
High quality Design for Cryptocurrency
Wallet link download not work , 404 Not Found
newbie
Activity: 2
Merit: 0
but I am curious about the BTCSA, has the Saudi Arabia government made a statement regarding its support for the BTCSA?
No, there's no support for it.
Let me put it this way; the developers are hoping the government apply and buy the premined from them: https://web.archive.org/web/20190126191918/https://bitcoinsa.coinsgov.org/
https://i.imgur.com/Bu4M9eC.png
Wonder why any government will be inclined to do so when they can just commission their version easily
The reserved coins are for Saudi Arabia government to claim with no cost.
legendary
Activity: 1424
Merit: 1008
I have a question about Bitcoin Saudi Arabia coin price because there is no information about that and when it will going to hit exchange as per your update in the site.
sr. member
Activity: 1050
Merit: 295
but I am curious about the BTCSA, has the Saudi Arabia government made a statement regarding its support for the BTCSA?
No, there's no support for it.
Let me put it this way; the developers are hoping the government apply and buy the premined from them: https://web.archive.org/web/20190126191918/https://bitcoinsa.coinsgov.org/

Wonder why any government will be inclined to do so when they can just commission their version easily
newbie
Activity: 48
Merit: 0
Could be worth something if they back it up with barrels of oil  Grin
jr. member
Activity: 228
Merit: 1
but I am curious about the BTCSA, has the Saudi Arabia government made a statement regarding its support for the BTCSA?
sr. member
Activity: 1330
Merit: 251
    


     I understand you want to get to the market with this news? but the catch is that

  "News from the Saudi-Emirati Coordination Council revealed that the cross-border cryptocurrency will only be available to banks during the first stage"

          https://tokenmarket.net/news/markets/uae-saudi-arabia-launch-collaborative-cryptocurrency/
sr. member
Activity: 1050
Merit: 295
There is no white paper to read in details?
is it possible that the Saudi government regulates it in the blockchain ??
No, they don't.
These guys are riding on sentiment. See:

"by creating a new Bitcoin blockchain with major percentage of mined coins reserved for Saudi Arabia Government to claim and hold"

The operative words here are:
1. creating = It's their own thing
2. new bitcoin blockchain = fork of BTC
3. major percentage of mined coin = premined
4. reserved for Saudi Arabia government to claim and hold = offering it to the government for government to distribute or hoping the government will come in and take their "created by a native" crypto off their hands
sr. member
Activity: 1302
Merit: 250
There is no white paper to read in details?
is it possible that the Saudi government regulates it in the blockchain ??
newbie
Activity: 2
Merit: 0
One BIG problem of Bitcoin is: Governments don't like Bitcoin because they don't own it, not even significantly partially.

Bitcoin Saudi Arabia (BTCSA) provides part of an Excellent Solution to this problem by creating a new Bitcoin blockchain with large percentage of mined coins reserved for Saudi Arabia Government to claim without cost and hold.

Website: https://bitcoinsa.coinsgov.org
Explorer: https://bitcoinsa.explorerx.net

Twitter: https://twitter.com/BTCSA_coin

Full list of new Bitcoin based cryptocurrencies for other Governments is at: https://www.coinsgov.org  They are all now listed in the following supported Exchanges.

Listed Exchanges:

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