You've got a bit of a problem in Iceland.
http://money.cnn.com/interactive/technology/where-is-bitcoin-legal/?iid=EL
My $.02.
Topic: Iceland and Bitcoin - page 2. (Read 2117 times)
Do your homework people.
You've got a bit of a problem in Iceland.
http://money.cnn.com/interactive/technology/where-is-bitcoin-legal/?iid=EL
My $.02.
You've got a bit of a problem in Iceland.
http://money.cnn.com/interactive/technology/where-is-bitcoin-legal/?iid=EL
My $.02.
this is true, they did indeed chase out the bankers 
Iceland is an ideal place to start advertising in
Iceland is an ideal place to start advertising in
I don't consider myself and expert on this idea but wouldn't Iceland be perfect for mass adoption of Bitcoin? Think about it.
1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth. I think they're building servers in Iceland for other reasons as well.
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!
What do you think?
1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth. I think they're building servers in Iceland for other reasons as well.
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!
What do you think?
Your 1,2,3 is all about mining BTC
The network is secure and using tons of electricity, so why do we need more miners?
Due to the capital controls put in place in 2008 to stop money flight on the króna, buying and selling Bitcoin in Iceland, which appears to consider Bitcoin as a foreign currency, is Illegal.[citation needed] The Icelandic Central Bank confirmed that "it is prohibited to engage in foreign exchange trading with the electronic currency Bitcoin, according to the Icelandic Foreign Exchange Act",[23] however commentators suggest bitcoins mined within Iceland could be freely traded.
But it seams that they have their own cryptocurrency : http://www.theguardian.com/technology/2014/mar/25/bitcoin-goes-national-with-scotcoin-auroracoin
But it seams that they have their own cryptocurrency : http://www.theguardian.com/technology/2014/mar/25/bitcoin-goes-national-with-scotcoin-auroracoin
What do you think?
Any news from Iceland?
Thailand allows BTC trades, what about Iceland?
There is nothing I want to buy from Iceland, so for me it doesn't matter at all.
Me neither when goods are concerned, but I would love to go on vacation to Iceland at some point in the future because I'm sure this must be very, very beautiful and interesting!
I don't consider myself and expert on this idea but wouldn't Iceland be perfect for mass adoption of Bitcoin? Think about it.
1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth. I think they're building servers in Iceland for other reasons as well.
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!
What do you think?
Most of these factors do not matter.1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth. I think they're building servers in Iceland for other reasons as well.
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!
What do you think?
What does matter is if there is something that you or I want to buy from Iceland, and for which they will take bitcoin.
There is nothing I want to buy from Iceland, so for me it doesn't matter at all. But naturally Icelandic people need to buy things from there and they can use their own currency as well as BTC...and they can use BTC to buy other currencies and then later sell those currencies and buy BTC again for ISK, making it rather worthwhile indeed.
I don't consider myself and expert on this idea but wouldn't Iceland be perfect for mass adoption of Bitcoin? Think about it.
1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth. I think they're building servers in Iceland for other reasons as well.
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!
What do you think?
Most of these factors do not matter.1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth. I think they're building servers in Iceland for other reasons as well.
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!
What do you think?
What does matter is if there is something that you or I want to buy from Iceland, and for which they will take bitcoin.
6. They have currency restrictions*, which would both attract Bitcoin, and make it difficult to get it into the country.
* "ISK 8,000 is the maximum amount anyone person can import and export of the local currency"
* "ISK 8,000 is the maximum amount anyone person can import and export of the local currency"
But the bitcoin will never be imported or exported to Iceland - so it`s just a colocation / housing service like a lot of business do it. In my opinion it should be no problem if find attractive prices there.
6. They have currency restrictions*, which would both attract Bitcoin, and make it difficult to get it into the country.
* "ISK 8,000 is the maximum amount anyone person can import and export of the local currency"
* "ISK 8,000 is the maximum amount anyone person can import and export of the local currency"
I asked for colocation pricing for servers and it was way more expensive than continental Europe and US. The only reason for it could be they are still far from mass adoption of these services like Netherlands, UK or Germany do.
I don't consider myself and expert on this idea but wouldn't Iceland be perfect for mass adoption of Bitcoin? Think about it.
1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth. I think they're building servers in Iceland for other reasons as well.
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!
What do you think?
1. Dirt cheap electricity for mining(geothermal power).
2. Cold weather to keep mining processors cool.
3. Strategically positioned between Europe and North America for network connections/servers and so forth. I think they're building servers in Iceland for other reasons as well.
4. Populace is well educated compared to most developed countries as they don't have much else to do except read a lot.
5. They hate banks!
What do you think?
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