Good marketing, definitely something that may attract a lot of crypto companies as well, why not have an office at the "bitcoin tower" if you are a bitcoin company and if the laws are abiding to bitcoin as well and not really making it harder, then Dubai could very well be a nation that will benefit from this.
I keep saying that taxes are what makes a nation poor, keep the taxes low to business and high to individuals and you will have very rich companies, and the richer a person is the more you should tax them. This way there will be a ton of rich companies, and not a lot of rich people, so in order to spend what the company has, it will have to spend a lot to local other people, workers, other companies, resources. Dubai is on a great path right now.
Topic: Dubai to construct the world's first bitcoin tower (Read 282 times)
I hope the design which created by the architecture will not become really different when civil engineer want to start construction because it's not easy for civil engineer to make sure such design is strong and not harm the other buildings. If the Bitcoin tower isn't strong and collapse, people will spread FUD around talking if Bitcoin will dump and destroyed etc lol.
El Salvador and Central African Republic have accept Bitcoin as legal tender but they're not construct a Bitcoin tower, will Dubai accept Bitcoin as legal tender?
Are you serious? They are not going to hire an amateur engineer or newbie constructors for this, such projects are assigned to the most skilled individuals and workers that don't make mistakes as you are describing, and Dubai has always been known for its skyscraper constructions from the past and they will obviously going to make this one a historic one as well.El Salvador and Central African Republic have accept Bitcoin as legal tender but they're not construct a Bitcoin tower, will Dubai accept Bitcoin as legal tender?
This is obviously going to be a great thing for Bitcoin overall, the adoption level will increase, more people all over the world will come to know about Bitcoin and its significance, and every single citizen and tourist of Dubai will see Bitcoin through the tower.
And this development will help grow the entire Bitcoin ecosystem Dubai has the money to do whatever they please and they have quite a number of investors in Dubai, and also el salvador shows how Bitcoin is gradually gaining ground and this project will involve a lot of investors in bitcoin and this is one of the best opportunity to make use of to accumulate as many have you can and with funds, you can afford to lose since investing in bitcoin has its own risk. I am sure the next bull run will be massive and only those with patience will benefit. I love Dubai for something the business nature in them.
This idea is not the brainchild of the government or Dubai, neither are they the financiers. This project is spearheaded by Salvatore Leggiero, a real estate developer, and Simone Micheli an architect. These entrepreneurs will have to seek for approval, funds and land to carry out this project. I hope they will have access to the funds they need to make this project a reality so that it wouldn't be like other ambitious Bitcoin projects that we later abandoned. If the government approves the project, it will mean that they are in support of the project. Nevertheless, this project when completed will lead to Bitcoin awareness and adoption. 
Dubai, a playground for developers, architects and engineers has given birth to many iconic buildings with different stories to tell. It is known for it's mind-blowing and ground-breaking edifices and skyscrapers. Today, it is at the forefront of history as it's going to be home to the world's first bitcoin tower. The developer, Salvatore Liggiero designed the 40 storey tower to demonstrate Bitcoin significance and also as a sign of recognition for the world's number one cryptocurrency. The bitcoin tower hopes to take the hospitality industry to a whole new level as guests will be able to make rental payment in the form of crypto-staking producing an annual percentage yield (APY) for them to claim during their stay in the hotel.
Congratulations Bitcoin! Keep making giant strides and attaining greater heights.
https://cointelegraph.com/news/bitcoin-tower-dubai-first-look-at-design-images
https://www.cryptopolitan.com/dubai-makes-waves-with-worlds-first-bitcoin-tower/
And this development will help grow the entire Bitcoin ecosystem Dubai has the money to do whatever they please and they have quite a number of investors in Dubai, and also el salvador shows how Bitcoin is gradually gaining ground and this project will involve a lot of investors in bitcoin and this is one of the best opportunity to make use of to accumulate as many have you can and with funds, you can afford to lose since investing in bitcoin has its own risk. I am sure the next bull run will be massive and only those with patience will benefit. I love Dubai for something the business nature in them.
~snip
Dubai, a playground for developers, architects and engineers has given birth to many iconic buildings with different stories to tell. It is known for it's mind-blowing and ground-breaking edifices and skyscrapers. Today, it is at the forefront of history as it's going to be home to the world's first bitcoin tower. The developer, Salvatore Liggiero designed the 40 storey tower to demonstrate Bitcoin significance and also as a sign of recognition for the world's number one cryptocurrency. The bitcoin tower hopes to take the hospitality industry to a whole new level as guests will be able to make rental payment in the form of crypto-staking producing an annual percentage yield (APY) for them to claim during their stay in the hotel.
Congratulations Bitcoin! Keep making giant strides and attaining greater heights.
https://cointelegraph.com/news/bitcoin-tower-dubai-first-look-at-design-images
https://www.cryptopolitan.com/dubai-makes-waves-with-worlds-first-bitcoin-tower/
What is the legal status of bitcoin in Dubai?Dubai, a playground for developers, architects and engineers has given birth to many iconic buildings with different stories to tell. It is known for it's mind-blowing and ground-breaking edifices and skyscrapers. Today, it is at the forefront of history as it's going to be home to the world's first bitcoin tower. The developer, Salvatore Liggiero designed the 40 storey tower to demonstrate Bitcoin significance and also as a sign of recognition for the world's number one cryptocurrency. The bitcoin tower hopes to take the hospitality industry to a whole new level as guests will be able to make rental payment in the form of crypto-staking producing an annual percentage yield (APY) for them to claim during their stay in the hotel.
Congratulations Bitcoin! Keep making giant strides and attaining greater heights.
https://cointelegraph.com/news/bitcoin-tower-dubai-first-look-at-design-images
https://www.cryptopolitan.com/dubai-makes-waves-with-worlds-first-bitcoin-tower/
So, I didn't understand. What does "will be able to make rental payment in the form of crypto-staking producing an annual percentage yield (APY) for them to claim during their stay in the hotel" mean and how does it work? Please explain with examples. Will it be possible to pay in bitcoin for rent or not? That would be the giant stride you are talking about.
This is really amazing! I'm interested to know more about this project. Once this project becomes successful, it can bring awareness to a lot of people locally in Dubai, and even internationally. Though I assume it would probably be an expensive one, and not everyone can afford it, it can still make others curious about Bitcoin and crypto. And of course, it can bring great adoption. Once it's almost done, for sure, more articles will publish about this Bitcoin Tower. It's a great way of promoting Bitcoin. Although it may take a long way before they can complete the tower, but it's a big step and achievement. Looking forward to its update
Dubai clearly knows how to make very impressive buildings, and they have enough resources to implement even the boldest plans. Considering that, I think there's a decent chance that we'll truly see Bitcoin Tower there. If they really do it, I think it'll be a huge popularity boost to Bitcoin, as the design is unique and so... Bitcoin-forward (I mean, they could just make a regular building with some sort of Bitcoin sign on top, but they're making the whole building in a form of Bitcoin symbol instead).
Some are saying here that it's not really about Bitcoin, but I think that it will be to most people. I'll just be a sightseeing thing, and the Bitcoin symbol is right there. I don't think their actual project with some crypto staking will be successful.
Some are saying here that it's not really about Bitcoin, but I think that it will be to most people. I'll just be a sightseeing thing, and the Bitcoin symbol is right there. I don't think their actual project with some crypto staking will be successful.
I think Dubai is the best place for such innovative ideas and the city has shown great interest towards architecture from its beginnings. It's a dream-come-true experience to see something like Bitcoin tower in a city like Dubai. The place is already very beautiful and the buildings as well as hotels of Dubai are best in the world, and especially there is no competition of the buildings and hotels in Asia.
Tourists love to visit the beautiful city and now the Bitcoin enthusiasts would love to visit the place where Bitcoin tower is going to be built. The tower seems to be very nice and the design of the tower is truly eye-catching. A Bitcoin lover would definitely dream to spend a night in that tower because it's name is enough for a Bitcoin enthusiast.
I must say that Salvatore Liggiero is doing a great job in designing that tower, and because of his efforts the recognition of Bitcoin will increase in UAE. People from many places will visit the building and the idea of adding rental payment in the form of crypto-staking is marvelous. If I get a chance to visit the tower then I will definitely go to the tower and love to spend sometime in that beautiful building.
Tourists love to visit the beautiful city and now the Bitcoin enthusiasts would love to visit the place where Bitcoin tower is going to be built. The tower seems to be very nice and the design of the tower is truly eye-catching. A Bitcoin lover would definitely dream to spend a night in that tower because it's name is enough for a Bitcoin enthusiast.
I must say that Salvatore Liggiero is doing a great job in designing that tower, and because of his efforts the recognition of Bitcoin will increase in UAE. People from many places will visit the building and the idea of adding rental payment in the form of crypto-staking is marvelous. If I get a chance to visit the tower then I will definitely go to the tower and love to spend sometime in that beautiful building.
Yeah talk about true striving for technological advancement, dubai has been on the forefront of advancement of any sort. They are one of the crypto friendly countries who are always looking for ways for crypto inclusion. Am not surprised by this wonderful news, they are very capable financially and tech wise so I don't expect anything less. More business opportunities on the way.
I don’t get it. So the name is Bitcoin Tower but they’ll offer apartments for rent in some weird shitcoin that’ll pay the owner in stakes? Is tht what happens? Cause if so, then why even call it Bitcoin Tower? Call it Shitcoin Tower instead lol because this has nothing to do with BTC besides the name
You nailed it... They could've gone with other shitcoins for the tower name, but clearly, they know the only way to expect a good outcome from announcing such projects is by masking out the part that shows their true nature.So it is just for the name; they are just masking it and putting the name Bitcoin on it so people will say it's legit, but it turns out they will be using another shitcoin? and not the bitcoin itself, because that is also my question in my head on how they will do it, like how do they do the staking? One of the ways that I can think of is that they will create their own token, and then it is useless because they name the tower Bitcoin, but they are using another coin.
I see this is a great commitment that has been shown by Dubai by initiating an Infrastructure in the form of Construction of the world's first bitcoin tower that will come in Dubai marking a significant moment in our history. It embodies the harmonious unification of technology and architecture, increasing the significance of Bitcoin and the limitless potential for human innovation. An extraordinary project that pushes boundaries and its undying passion to embrace the future and as a testament to Bitcoin's incredible journey.
The idea of naming the Tower to Bitcoin is very good to promote Bitcoin. The problem will come once the owner introduced more shitcoin than Bitcoin itself. They are planning to create a DAO and probably shitcoin for governance on the structure. They might focus more into shitcoin rather than Bitcoin and it’s very dangerous when they offer ponzinomics to all the participants on this tower.
Any publicity is good since this is the first of its kind. I’m just worried about the future reputation of this building once the owner start cash out money from investors pocket that will reflect on the brand that they are using which is Bitcoin.
I don’t get it. So the name is Bitcoin Tower but they’ll offer apartments for rent in some weird shitcoin that’ll pay the owner in stakes? Is tht what happens? Cause if so, then why even call it Bitcoin Tower? Call it Shitcoin Tower instead lol because this has nothing to do with BTC besides the name
You nailed it... They could've gone with other shitcoins for the tower name, but clearly, they know the only way to expect a good outcome from announcing such projects is by masking out the part that shows their true nature.That's what I would professionally call "parasitizing on Bitcoin", and regardless of the idea that Satoshi had when he created Bitcoin, I'm sorry that he didn't protect that name because it would have really spared us from fake creators and those who use Bitcoin to achieve some completely different goals. We can have such a tower in every city in the world, but steel, concrete and plastic will change almost nothing if people continue to think in the wrong way.
~snip~
El Salvador and Central African Republic have accept Bitcoin as legal tender but they're not construct a Bitcoin tower, will Dubai accept Bitcoin as legal tender?
El Salvador and Central African Republic have accept Bitcoin as legal tender but they're not construct a Bitcoin tower, will Dubai accept Bitcoin as legal tender?
That same country recently rejected Bitcoin, so it would be good if we finally adopt that fact on the forum and not repeat some things like broken records. Legal tender in the context of Bitcoin is an overrated thing, and if the example of El Salvador didn't show it, why do people expect another country to do it?
I don’t get it. So the name is Bitcoin Tower but they’ll offer apartments for rent in some weird shitcoin that’ll pay the owner in stakes? Is tht what happens? Cause if so, then why even call it Bitcoin Tower? Call it Shitcoin Tower instead lol because this has nothing to do with BTC besides the name
You nailed it... They could've gone with other shitcoins for the tower name, but clearly, they know the only way to expect a good outcome from announcing such projects is by masking out the part that shows their true nature.It shows that there are people that really cares a out Bitcoin even though there are some countries that had been fighting against the adoption and recognition of Bitcoin.
Looks can be deceiving [the only thing that they care about is making some adjustments to fill their pockets more (unfortunately)]!
I see this is a great commitment that has been shown by Dubai by initiating an Infrastructure in the form of Construction of the world's first bitcoin tower that will come in Dubai marking a significant moment in our history. It embodies the harmonious unification of technology and architecture, increasing the significance of Bitcoin and the limitless potential for human innovation. An extraordinary project that pushes boundaries and its undying passion to embrace the future and as a testament to Bitcoin's incredible journey.
Dubai is one thing that can make astounding developments in the world. Whether you take the LINE project or Burj anything is possible for them. They have already started billions of dollars investment in the Line project which means the new Bitcoin Tower would not be any issue for them at all. In fact, Dubai’s most of the income is coming from tourism and new attractions that gets added every year. Otherwise Dubai would be deserted land one more time. If they build the Bitcoin Tower, then yes it’s gonna be a success already. Dubai is also Tax Free country so definitely it will benefit the investors to fullest. Kudos to this development.
Looking at it from a positive perspective, we can see that Dubai's investment in cryptocurrencies shows their interest in blockchain technology and its potential in the future. This can promote the development of accessibility of blockchain technology and cryptocurrencies to other countries and regions. And in my opinion if Dubai successfully develops its Bitcoin tower, this idea can become an example for other countries that want to invest in crypto. However, the success or failure of this project depends on various factors, including the stability of the Bitcoin market and the business world at large.
indeed, news like this will usually have a positive impact on bitcoin, but we will not know about the price of bitcoin in the future.
because indeed the most important thing is the economy that must be developed because if the people's economy goes down, of course who will buy BTC, but if the economy goes up, of course many will also adopt BTC.
but hopefully with the construction of the btc tower the price of btc will increase.
and this is very interesting news.
This Bitcoin tower to be constructed will be a significant development for the Bitcoin community and evidence that the cryptocurrency is gaining popularity.
It's just showing that Bitcoin is going mainstream, this will gain more people to be introduced to Bitcoin and Dubai is one of the most city that in bucket list of tourists.
It's just showing that Bitcoin is going mainstream, this will gain more people to be introduced to Bitcoin and Dubai is one of the most city that in bucket list of tourists.
Dubai is going to build the world's first bitcoin tower, which is definitely a tribute to Satoshi Nakamoto and a declaration of war on the old financial system, which is a very positive signal. At least it represents the belief of a large number of people in Bitcoin. Of course, there will be different voices here. As a famous tourist city, Dubai has attracted the attention of everyone in the world, and it may also be for higher economic benefits.
How sad, I know I'm going against the tide I won't celebrate this milestone but unfortunately Bitcoin doesn't need these ads to grow, plus I consider it a big waste of money that could have been invested to improve Bitcoin's code and infrastructure or improve mass adoption . It is not with this advertising that Bitcoin is improved.
I think this is a brilliant way to promote the adoption and innovation of digital assets, as well as to showcase the potential of blockchain and artificial intelligence. I would love to visit this tower and experience its unique features and benefits. Kudos to the developer Salvatore Leggiero and the architect Simone Micheli for creating this visionary project13.
This is a good impression and it is going to make the adoption of Bitcoin to increase. It shows that there are people that really cares a out Bitcoin even though there are some countries that had been fighting against the adoption and recognition of Bitcoin. Dubia is a big state and it is the hub of luxuries which is gaining more attention from business mens and people who cares more about luxury. I hope if other countries would take the same step without been too desperate of having a control on Bitcoin, then the market is going to gain more influence and it's going to attract more investors that think Bitcoin and the entire cryptocurrency would die off soon.
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