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.

I really think that is what the president of El Salvador is trying to achieve, he is trying to make his county to epicenter of the bitcoin world, I do not know if he is going to become successful but it is a bet worth taking, after all there have been examples on the past of countries breaking away from the world order of the time and the introduction of a strong form of money was one of the cornerstones of their success, so I have high hopes for the experiment that is currently going on at El Salvador.

I imagine bitconia doesn't even need a land. You might be confused as how that would work, but if we could just show that we own somewhere, doesn't matter where, if we could have just one dot on the map, not enough for even one person to live, but build a nation there and convince other nations that it is a nation. Then we could just have global reach to it, I could be a bitconia citizen living in some other nation by that logic. So yes, I would still be paying taxes to the nation I am living sort of speak, but since my job will be in bitconia the tax will be there, the tax I pay here would be like for buying stuff, not my income.

All the exchanges could be there, my bank could be there, everything could be there and I would have to get out of my house to be a bitconia citizen. That is why I believe that even a single tiny rock on somewhere could be enough as long as we grow big enough to get other nations acknowledge us.

I agree with you that countries are changing all the time and if you look at the map of Europe it changed a lot in few hundred years, some countries don't exist anymore and others are created.
How is Iran and other countries that are under some form of sanctions operate in the world? They use Bitcoin among other things for trading and earning profit from mining.

We tried all possible forms of governments and they all pretty much suck, including monarchy, democracy and dictatorship, so why can't we try some form of semi-anarchy.
If there is no government, there is nothing that can be corrupted, and roads will still be built even without standard form of government, that is known to be prone to be lazy and corrupt, but if people really need something they will make it.
Borders are important only as much as people are willing to defend them from enemies, you can have best army in the world and still be invaded and destroyed.

I could argue that all previous government experiments failed, including one we are all living now.

I think the Network is already an independent body existing in cyberspace. It should be seen as a Autonomous Nation which works best for nomads or mobile users. That will be more compatible with its ideals

But it'd be so nice if there were a country where bitcoin was the only form of currency and where the government (and there would have to be one) wasn't so big or as intrusive as existing governments. 

Unfortunately, human nature is responsible for the way our governments are now, which is why I seriously doubt there could ever be a utopian society/country.  It would be silly to even try to create one, because I have no doubt that it would eventually wind up being as bad or even worse than anything we have today.  And given how many scammers there are in crypto, can you imagine how much crime there would be?  That would require law enforcement and more government, and.....it just wouldn't work.

It's nice to dream, though.

Like many others here, I don't think we need a country where everything is about Bitcoin. I don't like this idea because it's very unrealistic and because it's very local. A country is something that is locked on specific land, has specific rules and main languages, and this means that even if we build it perfectly and somehow get the UN to recognize it, it will still be unavailable to so many people who live in other parts of the world and cannot simply relocate. Instead, we need favorable regulations in the US, China and the EU, big companies becoming pro-Bitcoin and accepting it as payment, and tech-savvy people working on ways to make Bitcoin usage as comfortable and as cheap (in terms of the fees) as possible. Then small businesses will follow, and so will many countries.

Higher valuation? Sounds crazy because bitcoin is worth 40K USD plus and moving back and forth these days. I am not sure how much more value it needs to prove itself. Because last time we check Gold was worth and popular of all even when it was worth few dollars back in time. The rare nature of the gold applies to bitcoin too and we call it as digital era gold.

I am referencing gold specifically because there has to be some assumptions for proving the point in solid ways. I think bitcoin has become thing of everyone's assumption now. For me bitcoin has achieved good value in my mind, I respect it and I can't wait for countries to accept it. I own it, I use it on routine basis and I am happy with that.

I beg to disagree. Bitcoin doesn't need a country but a country might need Bitcoin. It is probably enough that the online world could be like a country for Bitcoin communities. It is a world where borders are almost nonexistent. Commerce and communication could easily thrive online. That's away from a specific mass of land that has specific set of rules and individual rulers.

But if you think Bitcoin does need a country, why not start with a country that has already shown its support to Bitcoin? That's an easy start. There's already the Bitcoin Beach as a microcosm of a Bitcoin country. Perhaps El Salvador will become one someday. But it needs to attract Bitcoin supporters all over the world. The citizens of El Salvador, more than any other, should be the first ones to see the benefits of Bitcoin instituted in the country's operation. Otherwise, it is bound to fail.

I like the approach under which a whole country takes only the Bitcoin economy, that FIAT money exists in the same way as the dollar, Eur, among others, but I think that the economy based on BTC, its banks and organizations would be entities much more serious than those that exist now, if everything is based on the price of BTC, the economy would have another meaning, that is, when we go to buy a market everything would be in terms of mBTC, and people's thinking changes, because already A value in FIAT would not be taken into account, but in mBTC and this would give a change at the mental level, the value of FIAT is changing due to its inflation, while BTC does not, that would give credits at higher bank level but it would become a A double-edged sword, since a credit made in BTC is different from doing it in USD, unless the amount is established in USD and it is paid in BTC, I think that there the economy would improve to a great extent.

Just to make everyone aware of how "easy" is to create a "country" when your only need is to have a favourable jurisdiction for business, I would like to remind everyone of the existance of projects such as this:

https://sealandgov.org



This is sealand, and you can become a citizen. To be honest, I do not know how serious the owners / promoters are about having actual citizens, but for now you can be a lord or lady at a cheap price, at least to provide moral support to the idea behind it. Jokes apart, with the power of bitcoin behind, this is not a dream at all.

I agree with you. Bitcoin was created to be an international global thing, a currency that helps everyone who is tired of having centralized financial world where wealthy people get tax cuts and poor people are put to jail for not paying their debt. Crypto allows people to be equal and if we end up having a city or a nation for bitcoin then it would destroy the whole idea, why would we have one nation when we can simply just have the whole world?

Right now, bitcoin is the whole world, we live and breathe crypto without having to move out of our houses. I have been a remote worker for the past 5+ years and I am quite happy about it as well, why would I want to move to a newly founded nation just because I use bitcoins?

If Bitconia or Bitcoin's country exist I believe the citizens are poor since many rich people will not go there as privacy is useless, it also increase the chance you'll get $5 wrench attack too. I don't really see the major advantages of Bitconia, what I think is gangster and robbery will be around there... it just make Bitcoin looks more bad.

It's enough, each people only need 0.2 Bitcoin to survive around 1-5 years (depends where you live) so 105 Million citizens can live normal.

To play devil's advocate, territory probably isn't the biggest concern.  Regions threaten to secede from their parent nation all the time.  If you managed to get enough Bitcoin users to live in once place, that part might be doable.  I don't think the creation part is the main problem.  It's how you run the country once you have it.  How do you determine foreign policy and trade?  How do you interact with other nations?  How do you fund public services and policing your borders?  Or do you have a country that simply doesn't have public services?  And how you stop the new government becoming corrupt?  That's the trickiest one.  Money and power create influence.  Influence is easy to abuse.  

There would be so many ways an experiment like that could fail.  I just don't think it's viable.  Too many people would be looking to exploit the situation for personal gain.

I don't think that Bitcoin needs any country. And I don't support the idea that Bitcoin must be the global currency. Yeah, Bitcoin can be a really good choice as legal tender for underdeveloped and developing countries to maybe make their economy get better. However, if we see Bitcoin being the legal tender of all the countries in the world, that's a big problem. The reasons are like this to me:

- High volatility
- Limited supply

A highly volatile currency can cause economic rout. And the limited supply which is 21 million can't be enough for everyone in that case I think.

So you want a brand new country to be created?With the sole purpose of having Bitcoin as national currency?Creating a country with the one and only purpose of using a currency sounds like a dumb idea to me.
A country needs territory and population.Can you find some free territory on the map?Probably Antarctica or the desert of Sahara or somewhere inside Mongolia?
Bitcoin isn't supposed to be local,it has to be global.Locking Bitcoin inside one country would mean that the other countries will find another reason to ban Bitcoin.

It wouldn't rely on that country more than it relies on El Salvador nowadays.


I'm surprised you would say this, as I understand you have a more social democratic view of economics and politics than I do, and you are positing a sort of tax haven where people who have a lot of Bitcoin could escape.

On the other hand, this would not necessarily be the case either. I do understand that if the country were formed, it would initially have low taxes, but there is no guarantee that in time a socialist would come to power who would increase public spending, put more regulations and more taxes. That the only legal tender was Bitcoin does not prevent a politician from putting high taxes. What happens is that since with Bitcoin it is more difficult to know what you have/earn, taxes would have to be indirect taxes.


You don't have to. Nowadays you exchange currencies at the click of a button. Not to mention that it won't be long before we have a digital dollar, digital euro, etc.


I do not agree with that. Bitconia would not centralize Bitcoin in the same way that El Salvador has not. It would still be just as decentralized.

Every group of people with radical ideas dreams about establishing their small country of like-minded citizens, but that's not going to work. It's very-very expensive to try to create a country from scratch, and most of the land in this world already belongs to some governments who would simply not allow creation of new states.

If Bitcoin is destined to become popular, then we'll simply have more countries follow the footsteps of El Salvador.

It was not weird back in the day for people to speculate that in order for what is happening at El Salvador to happen anywhere the best option was for rich people in bitcoin to create their own country, obviously it was something impossible but it is not the first time I have heard of something like this, and about the topic, I think that what we are seeing at El Salvador is enough, people will begin to use bitcoin when they realize they can get cheaper fees when it comes to remittance services and that they can even buy more products and other stuff when the price goes up, eventually some whales will begin to move there and this is will benefit the economy of the country as well, we just need to give it a little bit of time for all of this to happen.

What if the whole world is Bitcoin's country and rather than picking one of two we can actually pick plenty and that would definately keep us closer to a *one world currency as well*

One world - One currency
One investment

Things might take a while but I do think we are already seeing some efforts on the side of people for sure. For efamp Ukraine recently. The have to understand that bitcoins is something they would definately need for the future so might as well be useful and careful.

For me it would be a big connected economy hands down. Waiting for that to happen.

In a perfect world, people living in "Bitconia" would mostly work "remotely" from there for other countries that would be paying them in Bitcoin. You will see from previous attempts in doing this, that no country will allow for a sovereign country to exist.. within the boundaries of another country. So you can start with a small "townhouse" complex... where you can have a "Bitcoin Only" market place and entertainment area.... and grow things from there. (You pay rent in Bitcoin for the developers ...also rates and utilities and the owner or management body convert that into Fiat to pay the municipality) 

This way... no laws or regulations are broken... and you can have a group of people using Bitcoin as a Currency..... within this development. 

The closest real experiment to this concept is Liberstad. To get there you can just fly to Norway and make your way to this community.

However I can't find any recent updates about this project. By 2019 there was the promise Liberstad would become the first crypto private city in the world, without any central authority or government. They started selling pieces of land in 2018 for Bitcoins, but one year later they have created their own crypto currency, City Coin, to be used as official and only currency inside the domains of Liberstad.

In my opinion there is a big contradiction between speech and practice, because if people are enforced to use an altcoin as currency there is no difference to another administration models. However, it's not an exclusivity of Liberstad. I think any society which tries to organize themselves in a 100% private or decentralized way will contradict their words through their practices sooner or later.

Good luck with acquiring the land, the government will definitely intervene and if you're reclamation is violent then you will be met with a violent force, I don't think that we will ever see it from happening, maybe if we create an artificial island, we might be able to do this thing.

The regulation in favour of bitcoin are becoming necessary for users who want to invest or trade in it because if the country ban the usage the people would not be able to trade in such coins like bitcoin as they could be punished and all the exchanges would shut down there but speaking contrary to it bitcoin is designed in such a manner that government will still not be able to control it as how come they would thrive the usage of decentralised currencies and what they can do is tax the capital gains out of it in whatever percentage they want.But still bitcoin would be at the top and you can see that time soon even with regulations or not.

No matter what you use as a currency in a country, no matter the protocols, the automatization, the transparency, the ones deciding those ratios and levels are still humans. And we have the perfect experiment, the Bitcoin Foundation, Peter Vessenes, Charlie Shrem, Mark Karpeles, Roger Ver, now, how much faith would a country run by the same founding fathers?

Looking at the scam section, looking at all the dama in meta,  taking into account this is still only a forum of opinions, and when projecting this to real-life adding the fact that the future colonist of Bitcoins would have little else in common other than Bitcoin, maybe not liking to do what they are told by authority lacking any ties between them like other nations, such as language or race, how do you think a nation like this would be able to be governed? It won't!

In the past, this question has been discussed and it was largely theoretical.

Now, however, with El Salvador, we recently have a country that is actually carrying out this experiment.

Therefore, we should observe the development there over the next 1-2 years and if this experiment succeeds, then other countries in which similar problems exist will certainly be open to it.

El Salvador isn't planning to phase out USD in their economy, they know they will still be needing a currency that is acceptable for all.

Bitconia is like completely isolating Bitcoin users in one area, I wonder how a government could actually govern the people as they are all free. unless the government holds all everyone's data including the wallets linked to each profile. El Salvador has it planned with Chivo.

Now any territory is already occupied by people and therefore, even from this point of view, it is almost impossible to have a separate country for bitcoins. Unless Elon Musk can do something on Mars. We already see the example of the creation of the state of Israel. It was created by the UN decision, if I am not mistaken, in 1948 and are still at war with neighbors over territorial claims.
However, a common means of payment cannot unite people into one nation. I remember that a similar thread was already created on this forum and the majority spoke negatively to this idea.

I don't really see the point of getting a dedicated country for Bitcoin though because Bitcoin doesn't need any country to operate and doesn't need any authority in order to it to function, that's the beauty of decentralization of Bitcoin. Although there needs to have some regulations to take in place. What I think is countries should accept Bitcoin legally like how El Salvador did.

El Salvador may accepted Bitcoin as legal tender but it's still early stages there, most people are afraid of using Bitcoin for anything and wallet they use is centralized government created called Chivo, so it's not all perfect like it seems.
Some imagined libertarian country called Bitconia could be just one more failed utopian or dystopian project and it wouldn't solve many problems humans have in todays society.
Bitcoin should be all about separation of money from state so I don't think that we need separate country for BTC, we just need other countries to accept it as secondary currency and that would be enough for now.
People should have the freedom to choose Bitcoin or some alternative payment method, and nobody should be forced to use just single form of money.

So the idea isn't necessarily that it would be beneficial for Bitcoin, but would be beneficial for users of Bitcoin?  I guess I can see the appeal, despite the part where I'd rather see fewer arbitrary lines on the map, not more.  And, as others have alluded to, nothing operates in a bubble.  Such a nation would have all manner of hurdles to overcome on the world stage.  On the whole, I don't think such an idea is feasible.  At least not yet, anyway.

If you really do think that there is going to be such thing, then your thinking is wrong. There can’t be anything like a country for Bitcoin. First of all it is against what  Bitcoin stands for and the plans that Satoshi Nakamoto for the reason behind having Bitcoin is to create a community that is decentralized and not under the control of the government.

So, saying that there is going to be a country for Bitcoin means that the community is going to be centralized which is the opposite of the purpose that it was created for. We are OK with being online and nothing should be changing that, that’s why you do see some people call it the Internet money. No form of hierarchy is needed in a community like this,  everyone here is equal.

It may make sense in theory, but in practice, something like this is difficult or impossible because establishing a country is a very complex task. Even if someone finds a perfect location, buys a certain area of land, and declares it Bitconia, only then do problems arise with international recognition, organization of public services (army, police, hospital, school ...).

Apart from the fact that Bitcoin would be the only legal tender in that country, in order to trade with the rest of the world, that country would again have to have money reserves in other internationally recognized currencies - unless it is 100% self-sufficient, which is impossible.

In addition, I agree that any centralization of such proportions is bad for Bitcoin because it creates a central entity that can be held accountable for what Bitcoin represents. Satoshi, in my humble opinion, decided to remove himself as a central figure for this very reason, and that is why Bitcoin is such a success.

I don't think it's necessary for a country called "Bitcoinia", just like what happened to El Salvador, it's considered a currency in the country, not much of a difference will happen if you declare a country and it's currency as Bitcoin, Bitcoin is called "digital" for a reason, it doesn't demand for a country, it's on the network so that people can have access to it globally, I do get your point about it but it's really not needed nor important.

Besides having BTC as the main currency and paying for everything in BTC, would there be anything different really? The biggest progress would be decentralizing the governance as much as possible, having transparent governance and about zero censorship. But overall, I think it wouldn't be much different from what El Salvador turned into now.

Didn't @theymos had the idea before, although it was a seastead so it's a bit different but you can probably call it a microcountry. Also, it's a bit difficult to have a crypto country because almost all lands are already occupied and that plan by @theymos will be the only viable solution.

The internet is the country of bitcoin in a broader sense. Bitcoin is free to be used by anyone who chooses to and therefore does not need a landmass to seperate its users into a closed space. Instead they should be open and open-minded in order to teach no-coiners about its uses and help them get used to bitcoin.

Was that not what Satoshi envisioned?

Not the thing that I would want. Moreover taking these things to such mainstream levels will only get branded as "Cultish" and draw more negative influence.

Besides, we also have to take into account the "other bitcoin" out there and its followers who openly oppose Bitcoin "core" or any such self-named terms.

By the click of a button you can get online, IMO.

While your argument is true, as things are now, bitcoin users are highly dependent on regulations. You can declare yourself to be "decentralised", but you would still need to abide by the regulations of the place you live in. Having a place where like-minded people share your values may help that vision become true.

The idea is to make sure that those regulations are aligned with your values and ideas. I can tell that many people on this forum are unhappy about the treatment that bitcoin has in term of taxes and restriction. Those that have a significant amount may be interested in living in a crypto friendly jurisdiction and that is simply not possible in many countries. These people could potentially benefit from creating their own jurisdiction, based on the principles of self-sovereignty, crypto friendliness,...



To be honest, the first thing you would need to deal with is diplomacy, internal law and order and defence. However, as I said, this would be initially intended for individuals who are willing to create a state that would better serve their views.

I don't know if it's going to be a good idea, plus you'll probably have to deal with economics, politics, natural resources, and other stuff that a country must have. Also, it's not really a good thing because bitcoin is supposed to be decentralized and having it's own country will defeat the purpose of decentralization.

Why would it need a country? Bitcoin was designed to operate without leaders, without centralized organizations to govern or support it. If you will make Bitcoin reliant on a country, you would only weaken it, because the country could be sanctioned or invaded.

Bitcoin only needs one thing - more users. And to get more users it should become less volatile and make some technical improvements.

Some people may thing that there are countries that would do better to adopt bitcoin as legal tender, just like in El Salvador, and in many others bitcoin is widely used for fear of the economic and authoritarian policies of the governing juntas.

However, I am inclined to think that bitcoin needs a country. The value of bitcoin, the community and the influence that exerts could potentially make that possible when bitcoin reaches an even higher valuation (perhaps it would be possible even now). How would Bitconia look like? How would we get there?