Topic: How would Bitconia look like? (Read 429 times)

Maybe a new country in which Bitcoin is used only could be a good idea. But it could be a bad idea at the same time too. Because I'm not very fan of Bitcoin being made legal tender of nearly all countries. Because Bitcoin is a volatile cryptocurrency and we don't have an idea about what will happen even in the next hour. In this kind of situation, people of "Bitconia" would have a tough time when the times that the market is in deep trouble.

If you think that we need a separate country in order for bitcoin adoption to exist on a large scale, you're wrong.

We don't need that. Bitcoin can run perfectly alongside fiat currencies and the current political atmosphere.

People seem to care way too much about bunching up together physically. In fact, that would creating a centralized point of failure which is actually bad for the network.

Bitcoin is better without any country, we are shifting its goal from decentralized motion to centralized entity to be govern by other financial detector.
Bitcoin is not some kind of governance token that need a country, its better without anyone making decisions buy the demand and supply notion of price action.
We even forgot that we are already running from countries regulation, what do you think will come for Bitcoin when it's been rule by country.

Bitcoinia already has an expat 

that would be cool if they will introduce a bitcoin inspired country and im pretty sure that many bitcoiners will migrate on this country because there will be no more btc restrictions in here and all the people that they will see each day are just like them that also loves btc .
 they will need to craft the island and make it appear like a bitcoin symbol ,
 that should bitcoinia look like .  cant wait to make this concept come true , maybe we need to wait a couple years

It doesn't, countries regulate and Bitcoin can't be regulated, Bitcoin been accepted by more countries will make the currency a boring one as service offering Bitcoin related service that are centralized will begin to be adopted and most likely take out the decentralized service from the equation. El Salvador accepted Bitcoin that's positive but have we consider the negativity that came with such actions, the citizens where mandated to open a wallet (which is controlled by the government if I'm not mistaken) if they wanted to participate in the adoption with the old airdrop trick.

Bitcoin has survive on its own for more than a decade without the help of the government (countries) why will you think itt need them now. Bitcoin is trying to eradicate the fraud which is the fiat system and that's the system the countries (government) are used to. If they wanted to accept Bitcoin they'll always do that in the most centralized way possible and that's totally different from what Bitcoin is.

How will Bitcoin look like you ask, the freedom you experience today won't be there for sure, already the industry is been overtaken by KYC and other centralized features and yet the government (countries) haven't ented the industry fully, now just Imagine the diaster that will be when they take over totally.

People have attempted some kind of real estate in relation to BTC but I dont think its required or helpful.   The only reasonable connection is miners perhaps then you have revenue and a percentage involvement in the ongoing process of BTC but even then we know miners in fixed revenue are being reduced every four years.    IF you have land then you must defend the borders at some point I guess or at least justify the usage of that land vs other purposes.  Renewable energy might be the other most justified link or physical apparition for Bitcoin so somewhere remote with excess geo thermic energy something that nobody else wants or wave energy in the middle of an ocean, tidal perhaps.    
  I just dont see BTC as a physical thing, I always felt similar about the coins produced to represent BTC thats always been a thing.

Bitconia ? sounds like a feminine name, i wouldn't be part of this idea, can't even imagine and envision this.
I think you should be go get yourself in order if this a joke.
This won't be accepted at all, government lacks total control over bitcoin immediately this is imposed.

Probably the same as any normal city or country, only twist in that place is it's only cryptocurrencies for goods and services. It's going to be hard to find one though, our best bet is to make artificial islands called sea steads.

In theory, such a place could resemble the pirate bay.

Located in "international waters" or "unclaimed land" where it would be "free" of the regulation, taxation or interference of nations.

Being a safe haven from overbearing financial and tax reporting requirements, and high taxation seem like two things that could be in demand soon.

A base on mars or the moon, could be what some were hoping for. I think mars has a 12 minute lag time for communications to travel from mars to earth, which could make it less feasible for mining bitcoin.

If a high tech city like Wakanda concealed behind holograms, existed on earth. It would make a great platform for crypto.

I agree with you.

There is absolutely no need for a sovereign state to be running off bitcoin or blockchain.

BTC/other cryptos can simply serve as an alternative currency for those who realize that fiat is going to continuously depreciate in value & would rather want to store their wealth in a decentralized vehicle.

I’ve already thinking on this question for several days. Think that “Bitcoinia” is not a country. Such country can’t exist in our world because in our centralized countries all people have been counted and everyone should pay huge amount of taxes on everything to the public treasury of his countries (and governments strictly control that). As an example, the poor reality of El Salvador: when this country made BTC a legal means of payment – their central bank immediately required KYC for everyone who want to pay with BTC. That’s definitely is contrary to what all investors like in crypto: anonymity and free from bank and government control and taxes. So it comes out that Bitcoinia it’s a world (not a country) where investors in BTC can trade with each other bypassing the government and don’t care about KYC.

Your thinking is quite good and there is an idea with BTC but i think it is not quite right In theory it can make sense, but in practice things like this are difficult or impossible because success Establishing a nation is a very complex task. So Bitcoin is like completely isolating Bitcoin users in one region, I wonder how a government can really manage the people since they are all free. unless the government gets hold of everyone's KYC information including wallets linked to each profile like El Salvador planned with Chivo.

It is not necessary but it will help without a doubt, now lets imagine that the experiment going on at El Salvador becomes successful, even if no other country did the same then all of those that have large holdings of bitcoin could move there and use their bitcoin without any issue, this will improve the economy of El Salvador and will improve the image people have of bitcoin, so both bitcoin and El Salvador will end up reinforcing each other and this is good for us.

Bitcoin doesn't need a country in order to be legitimized and acknowledged by other people. It is already doing good for itself and is also being utilized widely for transferring value across all borders. While the idea of a country centered on bitcoin is great, I don't think it is necessary to further bitcoin's stance as a currency or as an important asset. Also, the legalities, the documents, the treaties, and other legal stuff that will get along the way would be tiresome and long as well.

Aside from what's occurring in El Salvador right now.


How would bitconia look? It [already has] would have global citizenry.
How will we get there?
We are already on our way.

The boring stuff:
Documents stored on blockchains: agreements, deeds, partnerships------------voting.
The "hopeful" stuff:
Our feckless politicians become increasingly obsolete as algorithms begin to help shape policies.  
Corporate laws are rewritten and corporations are no longer allowed to interfere with policy.
"Entities" have more rules and responsibilities than individual humans.

A long overdue paradigm shift in what we value...
999 years from now.

I personally don't think that Bitcoin needs a country for the Bitcoiners. I believe that Bitcoin will still be adopted all over the world in the future. Then, we will be able to use Bitcoin as a strong alternative to the main currencies in whatever country we are in. Bitcoin is not existing for being the legal tender of nearly all countries. So we don't need a country which is specific to Bitcoin I think.

I wonder if bitcoin is possible to be doninated by just a single country. It is in the space of any country to adopt that means decentralized and El Salvador is leading to show the way even with citizen complaining of volatility, uncertainty and instability but it is not for bitcoin to change but for the adopting country to find means of mutating there cyberspace to make use of the technology.

I'd I should get you right, by needs a country here, you mean like a nation with boundaries just like El-Salvador to have adopted ?
Should this be the case then, I think it would be another idea of bitcoin to have been defeated. The first is its translation to being an asset or investment of value which in a way, it is a + but then, a delay from the idea of serving for a currency used world widely. Should there be any boundaries about it, the using it on a global scale becomes an issue. Currencies of another nation, even though its valuable and recognised in a different nation, it can not serve a currency function. That's what would become of bitcoin  with that idea!

Bitcoin doesn't need no country less, it becomes becomes means to centralization.

I don't know whether it would be good for people and Bitcoin. But I think that Bitcoin doesn't need any country. And it doesn't even need to be made legal tender by many countries to be able to reach better levels also. Even being accepted as a payment method or a high demand would be enough for Bitcoin to reach higher levels in the future. And it would help the adoption positively also.