Author

Topic: Bitcoin just became the national currency of the tiny island Pontinha (Read 1858 times)

legendary
Activity: 2786
Merit: 1031
Ok, gonna post this again:

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

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
legendary
Activity: 896
Merit: 1000
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.
member
Activity: 112
Merit: 10
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.
hero member
Activity: 630
Merit: 502
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.
hero member
Activity: 900
Merit: 1014
advocate of a cryptographic attack on the globe
hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform
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.
legendary
Activity: 1652
Merit: 1088
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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
legendary
Activity: 2786
Merit: 1031
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.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
hero member
Activity: 778
Merit: 500
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..
legendary
Activity: 3066
Merit: 1147
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
hero member
Activity: 1036
Merit: 501
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.
hero member
Activity: 658
Merit: 500
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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
legendary
Activity: 2786
Merit: 1031
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

hero member
Activity: 504
Merit: 500
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.
legendary
Activity: 1358
Merit: 1000
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
hero member
Activity: 714
Merit: 528
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
legendary
Activity: 1358
Merit: 1000
Thread has been reported for deletion
legendary
Activity: 1358
Merit: 1000
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
vip
Activity: 1428
Merit: 1145
http://www.coinspeaker.com/2015/12/15/micronation-calling-itself-atlantis-adopted-bitcoin-as-national-currency/

Quote
If I decide I want to have a national song, I can choose it, and I can change it any time. The same with my flag – it could be blue today, red tomorrow. Of course, my power is only absolute here, where I am the true sovereign,” he added.

Now Prince Renato Barros dares to talk about the future and says that his good relations with the Brazilian Government could one day open the door of entry to Europe. By the way the island is in the process of being renamed Atlantis after the mythical lost civilization.

Getting a new status of national currency can have a good impact on bitcoin development. There is a possibility to establish a centralised Bitcoin bank and anchor to corporations that can legally represent cryptocurrency fueled companies across the world and cyberspace.

The idea of having a small country with a Bitcoin-based economy is not new. The Isle of Man, a self-governing nation of around 80,000 people, has been attempting to lure Bitcoin-based companies for the past 18 months.

Barros not only contributes to the promotion of bitcoin, but inspires to follow your dreams, no matter how increadible they are. “Our lives are gone in a flash. My son is 27 and if I were his age, I would probably sell the island and buy a Ferrari. But I am 56 years old, and I want to enjoy everything I have. Pontinha means “a point”. All change in the world begins with something very small, and this is my country – just a little point.”

I suggest that Pontinha's flag be a solid orange with a relatively small black point in its middle.

Those who pledge their allegiance to Pontinha would fly its flag at their place of residency or business.


Yea nice one i think..

Here is the facebook link of joby weeks.. prime minister

send him that suggestion..

https://www.facebook.com/jobyweeks?fref=photo




To visualize, this is what I propose, albeit the black dot could be a tad larger, but not by much.
member
Activity: 84
Merit: 10
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Watch out for the USA attacking this country in order to 'liberate'  it.
sr. member
Activity: 308
Merit: 250
http://www.coinspeaker.com/2015/12/15/micronation-calling-itself-atlantis-adopted-bitcoin-as-national-currency/

Quote
If I decide I want to have a national song, I can choose it, and I can change it any time. The same with my flag – it could be blue today, red tomorrow. Of course, my power is only absolute here, where I am the true sovereign,” he added.

Now Prince Renato Barros dares to talk about the future and says that his good relations with the Brazilian Government could one day open the door of entry to Europe. By the way the island is in the process of being renamed Atlantis after the mythical lost civilization.

Getting a new status of national currency can have a good impact on bitcoin development. There is a possibility to establish a centralised Bitcoin bank and anchor to corporations that can legally represent cryptocurrency fueled companies across the world and cyberspace.

The idea of having a small country with a Bitcoin-based economy is not new. The Isle of Man, a self-governing nation of around 80,000 people, has been attempting to lure Bitcoin-based companies for the past 18 months.

Barros not only contributes to the promotion of bitcoin, but inspires to follow your dreams, no matter how increadible they are. “Our lives are gone in a flash. My son is 27 and if I were his age, I would probably sell the island and buy a Ferrari. But I am 56 years old, and I want to enjoy everything I have. Pontinha means “a point”. All change in the world begins with something very small, and this is my country – just a little point.”

I suggest that Pontinha's flag be a solid orange with a relatively small black point in its middle.

Those who pledge their allegiance to Pontinha would fly its flag at their place of residency or business.


Yea nice one i think..

Here is the facebook link of joby weeks.. prime minister

send him that suggestion..

https://www.facebook.com/jobyweeks?fref=photo
legendary
Activity: 938
Merit: 1002
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
legendary
Activity: 1470
Merit: 1001
If its only an small isle with only one family i will not call it a country. There are small countries that are only one town, but i think that they have a big amount of people.
vip
Activity: 1428
Merit: 1145
http://www.coinspeaker.com/2015/12/15/micronation-calling-itself-atlantis-adopted-bitcoin-as-national-currency/

Quote
If I decide I want to have a national song, I can choose it, and I can change it any time. The same with my flag – it could be blue today, red tomorrow. Of course, my power is only absolute here, where I am the true sovereign,” he added.

Now Prince Renato Barros dares to talk about the future and says that his good relations with the Brazilian Government could one day open the door of entry to Europe. By the way the island is in the process of being renamed Atlantis after the mythical lost civilization.

Getting a new status of national currency can have a good impact on bitcoin development. There is a possibility to establish a centralised Bitcoin bank and anchor to corporations that can legally represent cryptocurrency fueled companies across the world and cyberspace.

The idea of having a small country with a Bitcoin-based economy is not new. The Isle of Man, a self-governing nation of around 80,000 people, has been attempting to lure Bitcoin-based companies for the past 18 months.

Barros not only contributes to the promotion of bitcoin, but inspires to follow your dreams, no matter how increadible they are. “Our lives are gone in a flash. My son is 27 and if I were his age, I would probably sell the island and buy a Ferrari. But I am 56 years old, and I want to enjoy everything I have. Pontinha means “a point”. All change in the world begins with something very small, and this is my country – just a little point.”

I suggest that Pontinha's flag be a solid orange with a relatively small black point in its middle.

Those who pledge their allegiance to Pontinha would fly its flag at their place of residency or business.
legendary
Activity: 1218
Merit: 1007
Well I'm not surprised that a small country would be interested in declaring such a valued currency as it's official currency, however I doubt this actually means such in the real world. If the country had more resources, was a bit more of a voice in the political assemblies, among other things, and then I'd take it more seriously.
sr. member
Activity: 308
Merit: 250
don't forget Liberland!

Oh, is it official ?

I saw that it was formed.. no tax, bitcoins..
But i am not sure if it is official.
full member
Activity: 328
Merit: 100
don't forget Liberland!
legendary
Activity: 2772
Merit: 3284
It's just a small country, I dont hope Bitcoin to be my national currency but to be accepted every merchants in my country it just enough for me..
I agree with this.
It's cool and all that, but it's so small so it does not really matter.
sr. member
Activity: 826
Merit: 263
It's just a small country, I dont hope Bitcoin to be my national currency but to be accepted every merchants in my country it just enough for me..
full member
Activity: 126
Merit: 100
This is hilarious it's just apiece of rock slightly away from the country with a family.
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