Topic: Bali Plans to Become a Bitcoin Paradise Island? (Read 2522 times)

Like I keep telling you guys: You're goin' need a bigger bed.

http://online.casinocity.com/sportsbooks/gobetgo/


Again, the folks behind the campaign are doing such as a PR stunt, the same for that $600K USD via BTC timeshare villa sold to some lucky Texan, under the guise to readers as a soon-to-be-completed home.

You disappoint me Phinnaeus. This one is totally obvious and yet you fail to make the link

http://news.asiaone.com/news/asia/child-prostitution-rampant-tourist-destinations

Seems there are more topics running around. I beg you pardon.

That could be done in a lot of places. The little town I where spend my vacations in Florida would be a great candidate.   

now that reminds me of 47 ronins

Bribes are required more than once, and no bribe is enough to induce a tyrannical government to commit seppuku en masse.

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

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.

This project actually took shape on this forum. Here is the link => https://bitcointalksearch.org/topic/project-bitcoin-island-bali-indonesia-567458 

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.

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.

They should have the ATMs in place by then.

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

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

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

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.

Oscar owns http://www.ecurrencyzone.net

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


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.

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).

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

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!