Topic: Best place to build the Bitcoin island in the international waters - page 3. (Read 16647 times)
June 29, 2014, 01:49:39 PM
why did this thread die?
May 05, 2014, 12:43:43 PM
Why do you think Amazon wouldn't do it? I actually feel like they are likely to be one of the next big adopters.
Because they have already rejected it.
Anyway.... I was just saying that we shouldn't focus on Amazon too much. There are a lot of other big names out there.
May 05, 2014, 12:41:31 PM
Why do you think Amazon wouldn't do it? I actually feel like they are likely to be one of the next big adopters.
But I don't feel like merchant acceptance is going to push the price up very much, maybe slowly over time but not drastically (ie hundreds of dollars per btc in a matter of months.)
But I don't feel like merchant acceptance is going to push the price up very much, maybe slowly over time but not drastically (ie hundreds of dollars per btc in a matter of months.)
May 05, 2014, 09:21:10 AM
This. i assume that btc adoption by amazon or some kind of the big internet vendor is going to be the next big step.
Amazon would never adopt Bitcoins, so forget about it. The next big name can come from any sector, not just the online retailers. Can be Van Cleef & Arpels, Swarovski, or even the Starbucks.
May 05, 2014, 09:05:40 AM
I would strongly consider the possibility that BTC will be staying around $400-500 for some time now. I know everyone wants to believe that the next massive price surge is just around the corner, but I just don't see the evidence. I think it's going to stay 400-500 until some major change occurs. It's going to be hard to find something bigger than the influx of Chinese investors was, to jack the price up again.
This. i assume that btc adoption by amazon or some kind of the big internet vendor is going to be the next big step.
May 05, 2014, 08:55:51 AM
I would strongly consider the possibility that BTC will be staying around $400-500 for some time now. I know everyone wants to believe that the next massive price surge is just around the corner, but I just don't see the evidence. I think it's going to stay 400-500 until some major change occurs. It's going to be hard to find something bigger than the influx of Chinese investors was, to jack the price up again.
May 03, 2014, 02:01:07 AM
I thought you were tying prices to the dollar - as in $1,000 per square meter? That is doable today, and is not tied to the price of bitcoin. I'd buy.
If you wait for the price of bitcoin to climb to $10k, you are waiting on a dream that will never become reality. By then people will have spent the money on their own real estate.
If you wait for the price of bitcoin to climb to $10k, you are waiting on a dream that will never become reality. By then people will have spent the money on their own real estate.
I was tying the prices to USD, because the expenses have to be paid in USD.
I know that reaching the 10K mark is difficult. But in case Bitcoin remains at $450-500, then we might not need a separate political entity. The taxes might be affordable. If the government charges 1-2% tax on Bitcoin transactions, the maximum yearly combined tax will be around $50-100 million.
On the other hand, if BTC reaches the 10K mark, and the governments want to tax the Bitcoin exchanges, then a separate entity will be necessary.
For example, if 10 million coins are traded annually @ $10,000. Trade volume will be $100 billion. Taxes will be around $1-2 billion per year. If we have our own island, then we can save the taxes. The ROI will be 5-10 years.
Note: The daily Bitcoin trade volume right now is around BTC100,000 per day. That is around BTC35-40 million annually. I expect the volume to come down, when the exchange rate increases.
May 03, 2014, 01:42:26 AM
The sensible solution wouldn't be to buy a separate island. Just find somewhere nice but that has fallen on hard times. look for a ghost city in a nice location, where the developers went bust but had already installed most of the buildings, all the services and fiber etc. And make an offer. There are hundreds of places like that in the world -- just take a look at miami. The chinese government would probably be very interested in unloading one of their ghost cities. I would recommend against choosing Detroit,
I think the whole point, to build an island in international water is to have political interdependency, doing the above, does not provide such a thing and you are bound to follow the rules of the country you are in
Back before Hong Kong reverted to Chinese rule, there was discussion with the Australian government about leasing/selling a piece of the northern territory to become the new HK. If I remember correctly, Singapore only became an independent state in 1965 (they did pretty well since then). After the 2nd world war it was part of Malaysia. If you have cash, anything is negotiable.
May 03, 2014, 12:57:44 AM
Need time to finalize the plans, to gather publicity, to sell shares.etc. Anyway, with current prices of Bitcoin, we are not going anywhere. We will be able to gather the funds only if BTC crosses 10K or so....
I thought you were tying prices to the dollar - as in $1,000 per square meter? That is doable today, and is not tied to the price of bitcoin. I'd buy.
If you wait for the price of bitcoin to climb to $10k, you are waiting on a dream that will never become reality. By then people will have spent the money on their own real estate.
May 03, 2014, 12:52:08 AM
At least you have a long-term plan.
Many people don't bother to look ahead.
Many people don't bother to look ahead.
May 02, 2014, 11:57:12 PM
Why in 2018?
Need time to finalize the plans, to gather publicity, to sell shares.etc. Anyway, with current prices of Bitcoin, we are not going anywhere. We will be able to gather the funds only if BTC crosses 10K or so....
Is the location finalized?
May 02, 2014, 10:08:25 PM
Why in 2018?
Need time to finalize the plans, to gather publicity, to sell shares.etc. Anyway, with current prices of Bitcoin, we are not going anywhere. We will be able to gather the funds only if BTC crosses 10K or so....
May 02, 2014, 04:17:37 PM
The sensible solution wouldn't be to buy a separate island. Just find somewhere nice but that has fallen on hard times. look for a ghost city in a nice location, where the developers went bust but had already installed most of the buildings, all the services and fiber etc. And make an offer. There are hundreds of places like that in the world -- just take a look at miami. The chinese government would probably be very interested in unloading one of their ghost cities. I would recommend against choosing Detroit,
I think the whole point, to build an island in international water is to have political interdependency, doing the above, does not provide such a thing and you are bound to follow the rules of the country you are in
May 02, 2014, 10:44:23 AM
The sensible solution wouldn't be to buy a separate island. Just find somewhere nice but that has fallen on hard times. look for a ghost city in a nice location, where the developers went bust but had already installed most of the buildings, all the services and fiber etc. And make an offer. There are hundreds of places like that in the world -- just take a look at miami. The chinese government would probably be very interested in unloading one of their ghost cities. I would recommend against choosing Detroit,
May 02, 2014, 09:24:39 AM
The price of Bitcoin isn't really that important. It needs a lot of funding, doesn't matter in which currency.
The price of Bitcoin is really important. Because we will be depending on the Bitcoins for most of the funding. Anyway... there is plenty of time. The project is expected to start by 2018... that is four years from now. By that time BTC will be in five digits (hopefully).
May 02, 2014, 09:14:57 AM
The price of Bitcoin isn't really that important. It needs a lot of funding, doesn't matter in which currency.
The price of Bitcoin is really important. Because we will be depending on the Bitcoins for most of the funding. Anyway... there is plenty of time. The project is expected to start by 2018... that is four years from now. By that time BTC will be in five digits (hopefully).
May 02, 2014, 06:02:27 AM
Once Bitcoin reaches 10k , this might happen as many people will try to avoid taxes and other repercussions .
The price of Bitcoin isn't really that important. It needs a lot of funding, doesn't matter in which currency. But if bitcoin price drops to under 10 , do you think people will still be interested in such thing .
I am not saying it will happen but argument is about if it happens , even then could this project generate such a public interest ?
May 02, 2014, 06:00:12 AM
Once Bitcoin reaches 10k , this might happen as many people will try to avoid taxes and other repercussions .
The price of Bitcoin isn't really that important. It needs a lot of funding, doesn't matter in which currency. But if bitcoin price drops to under 10 , do you think people will still be interested in such thing .
May 02, 2014, 05:57:30 AM
Once Bitcoin reaches 10k , this might happen as many people will try to avoid taxes and other repercussions .
The price of Bitcoin isn't really that important. It needs a lot of funding, doesn't matter in which currency. May 02, 2014, 05:55:04 AM
Once Bitcoin reaches 10k , this might happen as many people will try to avoid taxes and other repercussions .
The price of Bitcoin isn't really that important. It needs a lot of funding, doesn't matter in which currency. But if bitcoin price drops to under 10 , do you think people will still be interested in such thing .
Jump to: