Bitcoin just became the national currency of the tiny island Pontinha

pedrog

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Ok, gonna post this again:

No one lives there, not a country, not an island, just a building:

Quote from: pedrog on December 04, 2014, 05:17:08 PM

He is a funny guy, one can even say he is a joke.

He bought a building in 2000 that has a particular history in Portugal because it was sold by the king of Portugal when the country was broke in 1903.

He clearly likes monarchy and likes people to call him "Your Majesty".

Here's the building:

https://www.google.pt/maps/place/Funchal/@32.64118,-16.9180759,142m/data=!3m1!1e3!4m2!3m1!1s0xc605fc3501f8bab:0xffd84d2c15cda139!6m1!1e1

randy8777

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i don't understand why some people get excited about this. just a few people live on that island. it doesn't do anything for bitcoin.

nostal02

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At least thats a first move to see even a tiny island is using bitcoin as its main currency,im sure that 3rd world country should also start using this so that dollars cant manipulate their industry and currency.

iram66680

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I know this is old news as I heard it about it late last year. But with other countries banning it or calling it terrorist money, then this is welcomed news. Since it has been more than 4 months, what has changed. I heard they are putting up a new flag to show their dedication to the coin.

keystroke

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advocate of a cryptographic attack on the globe

And so it begins!

Hirose UK

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wow that's awesome! never thought a small island like that have guts to set bitcoin as its official currency while big countries are still thinking to make it legal or not.

alyssa85

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I was excited for a minute when I clicked the link, till I realised it was just a small family adopting BTC Grin

pedrog

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Quote from: tn211 on March 18, 2016, 05:44:32 PM

Quote from: RodeoX on March 18, 2016, 11:30:19 AM

The answer is no because this place is not a country at all. And like 5 people live there. Roll Eyes

Why so negative. It's a start. From here the price is likely to go up. And bitcoin can get some traction. In the end it makes bitcoin more reliable to some countries since others were before them...

Remember people.. baby steps..

No one lives there.

RyNinDaCleM

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Legen -wait for it- dary

This is retarded Roll Eyes

tn211

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Quote from: RodeoX on March 18, 2016, 11:30:19 AM

The answer is no because this place is not a country at all. And like 5 people live there. Roll Eyes

Why so negative. It's a start. From here the price is likely to go up. And bitcoin can get some traction. In the end it makes bitcoin more reliable to some countries since others were before them...

Remember people.. baby steps..

RodeoX

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The revolution will be monetized!

The answer is no because this place is not a country at all. And like 5 people live there. Roll Eyes

onlinedragon

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Revolutionary to claim to be the first country who will use Bitcoin as national currency. Maybe the first and last one who dare to do this.

rekinthis

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Quote from: Beraturker on December 15, 2015, 07:28:57 PM

A self-proclaimed country off the coast of Portugal. making it “the first country in the world” to make bitcoin its official currency, as its prime minister Joby Weeks announced.

It was bought by Renato Barros in 2007.. He is living there with his family..

http://www.theguardian.com/lifeandstyle/2014/nov/14/experience-i-founded-my-own-country?CMP=fb_gu

https://letstalkbitcoin.com/blog/post/disruptekinfo-prime-minister-of-pontinha-discusses-naming-bitcoin-as-official-currency

http://www.cityam.com/230848/bitcoin-just-became-the-national-currency-of-atlantis-really

https://www.cryptocoinsnews.com/micronation-adopts-bitcoin-official-currency/

http://www.newsbtc.com/2015/12/13/bitcoin-atlantis-currency

well population is tiny i guess there, up to 10 peoples but it's still a good thing for bitcoin, it won't change price but it's okay

also would be funny to see what would happen/how they would react to fact that bitcoin would die, they would change currency to euro like Portugal? or maybe their own currency

Beraturker

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Quote from: pedrog on December 16, 2015, 05:37:30 AM

Not a country and no one lives there.

He can make the Zimbabwe dollar his 'official' currency, no one cares.

https://www.google.pt/maps/@32.641079,-16.9178078,337m/data=!3m1!1e3

http://www.theguardian.com/lifeandstyle/2014/nov/14/experience-i-founded-my-own-country?CMP=fb_gu

pedrog

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Not a country and no one lives there.

He can make the Zimbabwe dollar his 'official' currency, no one cares.

https://www.google.pt/maps/@32.641079,-16.9178078,337m/data=!3m1!1e3

BTCBinary

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It is not as the media tells. Pontinha actually belongs to the Island of Madeira which is part of Portugal. So, "Prince Renato" from Pontinha will always be forced to use Euros and abide by the Laws of Portugal.

Bitcoinpro

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Quote from: teddy5145 on December 15, 2015, 10:25:24 PM

Quote from: Monnt on December 15, 2015, 08:02:53 PM

Quote from: Beraturker on December 15, 2015, 07:28:57 PM

A self-proclaimed country off the coast of Portugal. making it “the first country in the world” to make bitcoin its official currency, as its prime minister Joby Weeks announced.

It was bought by Renato Barros in 2007.. He is living there with his family..

It's good to hear. Now the BTC price will go up even more! I hope that they denominate everything in BTC though, unrelated to USD or other fiat currencies so that it can help the price stabilise a bit Wink

I don't think the price will go up that significantly, i mean it's just a small nation bought by a person just to live with his family, so i don't expect much from this news regarding the price of Bitcoin Roll Eyes

But i gotta say, this news is unique in its own way Tongue

Is his island for sale for BTC Roll Eyes

its bull dude

stop playing stupid

i got ten rocks they all independant islands named Bitcoin

teddy5145

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Quote from: Monnt on December 15, 2015, 08:02:53 PM

Quote from: Beraturker on December 15, 2015, 07:28:57 PM

A self-proclaimed country off the coast of Portugal. making it “the first country in the world” to make bitcoin its official currency, as its prime minister Joby Weeks announced.

It was bought by Renato Barros in 2007.. He is living there with his family..

It's good to hear. Now the BTC price will go up even more! I hope that they denominate everything in BTC though, unrelated to USD or other fiat currencies so that it can help the price stabilise a bit Wink

I don't think the price will go up that significantly, i mean it's just a small nation bought by a person just to live with his family, so i don't expect much from this news regarding the price of Bitcoin Roll Eyes

But i gotta say, this news is unique in its own way Tongue

Is his island for sale for BTC Roll Eyes

Bitcoinpro

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Thread has been reported for deletion

Bitcoinpro

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hey Jobby wat did it feel like to kill Autum Ratke?

u think i cant see through ur bs

maybe we should actually put u on that island

and rename it Alcatraz

Topic: Bitcoin just became the national currency of the tiny island Pontinha (Read 1839 times)