Dubai to drive the next boom - page 2.

falllling

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Quote from: ensurance982 on August 30, 2014, 11:43:14 AM

Quote from: botany on August 30, 2014, 11:04:14 AM

Quote from: wunkbone on August 30, 2014, 01:48:00 AM

Dubai is just a small country, we need china.

Not small in terms of the money involved, not a country either.

Ha yeah, it's an Emirate and a city, but it's the de facto capital of the Arab financial world. Its growth over the past decades is nearly unprecedented I guess and the wealth over there is just mezmerizing. If some of the people there just to decide to drop "a few bucks" in Bitcoin, the price will react. A lot.

one same answer to your questions,

what if a small part of GOLD market fund goes to bitcoin,
what if a small part of STOCK market fund goes to bitcoin,
what if a small part of OIL market fund goes to bitcoin,
what if a small part of ALL WORLD FINANCIAL CAPITAL, PAYPAL,WESTERN UNION goes to bitcoin,
what if a small part of Cyprus Argentine Greece capital goes to bitcoin

No, they just don't, at least not for a very long time if bitcoin can live that long

ensurance982

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Trust me!

Quote from: botany on August 30, 2014, 11:04:14 AM

Quote from: wunkbone on August 30, 2014, 01:48:00 AM

Dubai is just a small country, we need china.

Not small in terms of the money involved, not a country either.

Ha yeah, it's an Emirate and a city, but it's the de facto capital of the Arab financial world. Its growth over the past decades is nearly unprecedented I guess and the wealth over there is just mezmerizing. If some of the people there just to decide to drop "a few bucks" in Bitcoin, the price will react. A lot.

botany

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Quote from: wunkbone on August 30, 2014, 01:48:00 AM

Dubai is just a small country, we need china.

Not small in terms of the money involved, not a country either.

NotLambchop

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Quote from: notme on August 29, 2014, 09:29:21 PM

...
If designed properly, they could use the rising heat to draw air in at the lower levels, creating ~~a nice breeze toward the tower for everyone around it to enjoy.~~ hurricane-force winds that suck small animals and young chilun into the ventilation ducts, accelerate them to escape velocity over the length of the cooling plenum, and eject them beyond the clutches of Earth's gravity.

FTFY. Heady times ahead!

bigasic

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Quote from: tinof on August 29, 2014, 01:53:56 PM

Quote from: ensurance982 on August 29, 2014, 01:51:10 PM

People there really have a ton of money readily available. We basically only need the "just to be safe" money invested in BTC and observe a respectable increase, I believe. Yeah they had some economical problems, but the economy itself and especially those super-rich people over there still aren't exactly broke...

Oil money there basically make everyone there extremely wealthy.

They have a system of reverse tax. That is, you will get paid by the government after reaching certain age.

Here in the usa, thats called social security, lol.. but Im sure in Dubai, they get a lot more money. I had a friend that lived there, worked for an american university and he made a shit ton of money. Traveled the world, etc. but the cost of living is higher than average, but not as high as you would think.

niothor

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in defi we trust

So it was Cyprus , then China ....then the failures of trying to build hype up again

Remember kimpochi and Kenya? Then India ? Argentina? Venezuela? No , no single country will drive another boom with an exchange opening there.

Bogleg

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Quote from: Dalmar on August 29, 2014, 04:44:21 PM

This is not even a real exchange but some coinbase-like thing with 1% commission.

This is good enough for many investors as they do not need to deal with bank regulation issues when sending money abroad.

Mervyn_Pumpkinhead

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You smell that? That's desperation, son. Nothing else in the world smells like that.
I love the smell of desperation in the morning.

Hunyadi

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Quote from: BitCoinNutJob on August 30, 2014, 03:59:36 AM

So what you are saying is Dubai are using their towers to take bitcoin to the moon?

BitCoinNutJob

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So what you are saying is Dubai are using their towers to take bitcoin to the moon?

Newbie1022

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Hunyadi

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IMO this is extremely good news! Dubai has lots of filthy rich citizen, so there is a change some of that money will go to bitcoin. Also, the foreign workers sending money back to India (etc.) is very nice for the price of bitcoin, and for those poor workers.

I have been waiting for this.

wunkbone

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Dubai is just a small country, we need china.

bitebits

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Flippin' burgers since 1163.

Don't underestimate the remittance part. From the Coindesk article:
http://www.coindesk.com/uae-first-bitcoin-exchange-dubai/

As well as having a concentration of high net-worth individuals among its citizens, about 60% of the UAE’s workforce consists of expat Indian workers, both professional and manual, who often send their money back home.

In fact, foreign citizens make up a staggering 91% of the UAE’s population of 9.2 million, with 1 million Indians representing the country’s largest overall group.

Day said that, given that India is currently igot’s largest market outside Australia, its presence in the UAE puts the company in a very interesting position.

notme

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Quote from: wasserman99 on August 29, 2014, 08:02:35 PM

Quote from: blade87 on August 29, 2014, 05:52:18 PM

Dubia will build a mile high tower called Bitcoin Tower. All 200 floors of it will be filled with mining ASICs. Visitors who wish to take the elevators to the moon observation deck will have to pay in Bitcoin. The tower will become with single most profitable structure per (footprint) square foot ever known to mankind. They will then proceed to build more of these towers, fueling the Bitcoin price to $1,000,000 each and beyond.

I don't think these kinds of towers would have much effect on the price of bitcoin. They would, if really built the way you propose would certainly cause the difficulty to go up a lot. Although I am not sure how profitable this would actually be as it is very hot in Dubai.

If designed properly, they could use the rising heat to draw air in at the lower levels, creating a nice breeze toward the tower for everyone around it to enjoy.

wasserman99

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Quote from: blade87 on August 29, 2014, 05:52:18 PM

Dubia will build a mile high tower called Bitcoin Tower. All 200 floors of it will be filled with mining ASICs. Visitors who wish to take the elevators to the moon observation deck will have to pay in Bitcoin. The tower will become with single most profitable structure per (footprint) square foot ever known to mankind. They will then proceed to build more of these towers, fueling the Bitcoin price to $1,000,000 each and beyond.

I don't think these kinds of towers would have much effect on the price of bitcoin. They would, if really built the way you propose would certainly cause the difficulty to go up a lot. Although I am not sure how profitable this would actually be as it is very hot in Dubai.

Chalkbot

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Quote from: blade87 on August 29, 2014, 05:52:18 PM

Dubia will build a mile high tower called Bitcoin Tower. All 200 floors of it will be filled with mining ASICs. Visitors who wish to take the elevators to the moon observation deck will have to pay in Bitcoin. The tower will become with single most profitable structure per (footprint) square foot ever known to mankind. They will then proceed to build more of these towers, fueling the Bitcoin price to $1,000,000 each and beyond.

Also, each tower will be made out of materials containing 40% bitcoin.

origin12

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You can see the Palm Islands from space, so a mile high tower would not surprise me.

blade87

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Dubia will build a mile high tower called Bitcoin Tower. All 200 floors of it will be filled with mining ASICs. Visitors who wish to take the elevators to the moon observation deck will have to pay in Bitcoin. The tower will become with single most profitable structure per (footprint) square foot ever known to mankind. They will then proceed to build more of these towers, fueling the Bitcoin price to $1,000,000 each and beyond.

maker88

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Quote from: tabnloz on August 29, 2014, 04:27:17 PM

Quote from: maker88 on August 29, 2014, 12:11:14 PM

Quote from: DavidHume on August 29, 2014, 12:06:32 PM

Quote from: falllling on August 29, 2014, 11:25:21 AM

yes you will if you use any exchangers, AML and KYC and "bank dislike & ban" always apply to you

a new exchanger won't change anything, people is still geting out and bitcoin is going down!

Do you know this for certain? Or are you pulling fact out from thin air?

Well aml and kyc do not equal a ban by any wild stretch of the imagination, so the fact he says one means the other should point out that he's just talking shit like always

Being a grammar nazi, I love Failllllling.

it has nothing to do with grammar. a ban is when something isn't allowed to happen. if something is banned, why would know your customer and anti money laundering regulations be involved? if KYC and AML is involved, its regulated by the government so its not just grey market legal, it is fully legal, aka the exact opposite of when something is banned.

Topic: Dubai to drive the next boom - page 2. (Read 4595 times)