Aw man you got my hopes up with that thread title 
booo to misleading titles
edited to reflect the poll nature of thread ... sorry if it got your hopes up
Topic: First Nation to keep Bitcoin as Official Reserves?? (Read 5390 times)
booo to misleading titles
edited to reflect the poll nature of thread ... sorry if it got your hopes up
Aw man you got my hopes up with that thread title
booo to misleading titles
Iceland.
Of all the sovereign nations, Iceland has a highly educated populace, high network access, low electricity costs and high heat needs, a currently weak national currency, and is not (yet) part of the Eurozone (and may never be now). They also have a small population and therefore an elected government that is very subject to public pressure.
If any nation can directly benefit from openly accepting Bitcoin as an international trade medium, it's Iceland.
Of all the sovereign nations, Iceland has a highly educated populace, high network access, low electricity costs and high heat needs, a currently weak national currency, and is not (yet) part of the Eurozone (and may never be now). They also have a small population and therefore an elected government that is very subject to public pressure.
If any nation can directly benefit from openly accepting Bitcoin as an international trade medium, it's Iceland.
Yeah, Iceland was the first one that came to mind, they have a populace that isn't stupid (they didn't bailout banks) and they have a currently weak currency. It seems like they would be the most prone to doing this and fixing their exchange rate to BTC.
I think it is more likely to get widely adopted and if it got widely adopted, it would get officially recognized
The major difference is that Iceland is in the top 10 on the standard of living chart while Baltic states are in a pretty dire state
And you think that makes it more likely that Bitcoin would be officially recognized?
The major difference is that Iceland is in the top 10 on the standard of living chart while Baltic states are in a pretty dire state
Sure, but all these things also apply to Iceland, and they have a smaller population than most cities, much less nations.
I think Baltic states could be perfect candidates. They have small, tech savvy populations and great internet infrastructure. Their economies have been really badly hit and although it returned to growth late last year it is still very unstable. In a long term emigration is a big problem and since Germany opened borders, it will get even worse.
Cuba? Really?
Hot, poor and socialist? They still have '50s Ford trucks on the road, how the hell are they going to jump onto Bitcoin as a nation even if they wanted to?
Hot, poor and socialist? They still have '50s Ford trucks on the road, how the hell are they going to jump onto Bitcoin as a nation even if they wanted to?
So is anyone actually talking to officials in Iceland about this idea? If we think they'd be interested, it's worth getting their interest.
Not me, I'm just some guy on the internet. Maybe someone like Bruce who already has his name in print.
Not me, I'm just some guy on the internet. Maybe someone like Bruce who already has his name in print.
I answered china.
They're putting their dollars everywhere and still can't get rid of them.
They're putting their dollars everywhere and still can't get rid of them.
The points against China are....
1) They are a large population, and therefore not prone to quick changes in monetary policy.
2) They are a command economy, and would therefore likely view the rise of an un-managable currency (from outside their own culture, and worse from a Japanese national) with contempt.
3) They are deeply vested in the international fiat systems due to international trade, and would be wary about losing much wealth with the decline of those reserves.
http://netrightdaily.com/2011/04/iceland-declares-independence-from-international-banks/
One step towards Bitcoin's adoption!
One step towards Bitcoin's adoption!
I answered china.
They're putting their dollars everywhere and still can't get rid of them.
They're putting their dollars everywhere and still can't get rid of them.
All that Icelandic geothermal power could make them a mining hot spot, too.
Yeah, crossed my mind too. And they have lots of ice cooled air for cooling too ... land of fire and ice ... and bitcoin miners.
All that Icelandic geothermal power could make them a mining hot spot, too.
Iceland.
Of all the sovereign nations, Iceland has a highly educated populace, high network access, low electricity costs and high heat needs, a currently weak national currency, and is not (yet) part of the Eurozone (and may never be now). They also have a small population and therefore an elected government that is very subject to public pressure.
If any nation can directly benefit from openly accepting Bitcoin as an international trade medium, it's Iceland.
Of all the sovereign nations, Iceland has a highly educated populace, high network access, low electricity costs and high heat needs, a currently weak national currency, and is not (yet) part of the Eurozone (and may never be now). They also have a small population and therefore an elected government that is very subject to public pressure.
If any nation can directly benefit from openly accepting Bitcoin as an international trade medium, it's Iceland.
I'm with you. How ironic would it be if they backed with btc and it continued to appreciate like mad. Going from a country with a screwed economy to rich as hell.
Iceland.
Of all the sovereign nations, Iceland has a highly educated populace, high network access, low electricity costs and high heat needs, a currently weak national currency, and is not (yet) part of the Eurozone (and may never be now). They also have a small population and therefore an elected government that is very subject to public pressure.
If any nation can directly benefit from openly accepting Bitcoin as an international trade medium, it's Iceland.
Of all the sovereign nations, Iceland has a highly educated populace, high network access, low electricity costs and high heat needs, a currently weak national currency, and is not (yet) part of the Eurozone (and may never be now). They also have a small population and therefore an elected government that is very subject to public pressure.
If any nation can directly benefit from openly accepting Bitcoin as an international trade medium, it's Iceland.
India is conspicuously absent.
What about Singapore?
it wouldn't surprise me in the least if China was already hoarding bitcoins
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