Isle of Bitcoin | Bitcointalksearch.org

franky1

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Quote from: vulgartrendkill on June 27, 2014, 05:54:05 AM

I'm just of the opinion that the strength of btc is its decentralised nature, and to make it an official currency of a particular town city country etc means that it may make that place vunerable to attack.

Thats all. No conspiracies here or war theories, just my opinion.

nah no attack.
there is more bitcoin flying around new-hampshire project, but they havnt been attacked
there is more bitcoin flying around new york, but they havnt been attacked

theres a town in europe that has alot of bitcoin merchants. .. but you guessed it, that hasnt been attacked
i can name more bitcoin centric places.. but they havnt been attacked so not worth mentioning.
then there are known bitcoin mining farms, and guess what, no military attacks.

in short the government dont give a crap, they are not showing any attempt to use violence against bitcoin (only drug dealers and launderers)
. so all these fantasies about military action against bitcoin is just that, fantasy.

so can we come back to reality and help project development, by using our brains to get development idea's and not fantasy stories. as Apocalypse fantasies is just wasting synapses for no reason

vulgartrendkill

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I'm just of the opinion that the strength of btc is its decentralised nature, and to make it an official currency of a particular town city country etc means that it may make that place vunerable to attack.

Thats all. No conspiracies here or war theories, just my opinion.

franky1

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Quote from: vulgartrendkill on June 27, 2014, 05:27:11 AM

But then look at what happened to DPR.

The US get hold of his btc (by whatever means) and have control of it.

So it can happen, and already has. Imagine an entire Island economy completely destroyed by a hack or other activity by a 3rd party (possibly another country)

though i hate people turning every idea into some government apocalypse story.
when you see military boats coming to the island, you have a good 20 minutes to move bitcoins.. try doing that with gold or bank notes Cheesy

also governments know that they cant stop bitcoin by raiding a single office or island or country.. bitcoin doesnt work like that. these islands have always been tax havens, which has meant governments lost alot of potential income for decades, so being bitcoin friendly is no difference.

stop with the government war theories. it doesnt help your rep

vulgartrendkill

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But then look at what happened to DPR.

The US get hold of his btc (by whatever means) and have control of it.

So it can happen, and already has. Imagine an entire Island economy completely destroyed by a hack or other activity by a 3rd party (possibly another country)

BADecker

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Quote from: franky1 on June 26, 2014, 04:07:04 PM

Quote from: BADecker on June 26, 2014, 04:04:42 PM

If any small island country like Jersey got serious and did this, they just might be attacked like Iraq one way or another. Watch Iceland over the next 5 or 10 years, and see if they don't get hit somehow for taking down their bankers.

jersey stores no oil or gold for a invading army to take.. meaning nothing would be achieved by invading jersey

imagine a brave heart speach

"ya can take our hard drives, but ya'll never brake our encryption"

There's a difference between being a tax haven island, and a country that harbors a completely new kind of currency, a currency that could possibly destroy the banking system if allowed to continue out of control. It would all depend on if an example were needed to be made.

franky1

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Quote from: vulgartrendkill on June 26, 2014, 11:15:13 PM

Quote from: franky1 on June 26, 2014, 04:07:04 PM

Quote from: BADecker on June 26, 2014, 04:04:42 PM

If any small island country like Jersey got serious and did this, they just might be attacked like Iraq one way or another. Watch Iceland over the next 5 or 10 years, and see if they don't get hit somehow for taking down their bankers.

jersey stores no oil or gold for a invading army to take.. meaning nothing would be achieved by invading jersey

imagine a brave heart speach

"ya can take our hard drives, but ya'll never brake our encryption"

The Germans invaded Jersey in WWII and made it a base or a little while.

but any other country occupying an island, wont stop bitcoin... thats the brilliance of bitcoin being a digital asset and not a tangible commodity..

"ya can take our hard drives, but ya'll never brake our encryption"

meaning its a waste of time even trying

Nerazzura

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Quote from: BADecker on June 26, 2014, 04:04:42 PM

If any small island country like Jersey got serious and did this, they just might be attacked like Iraq one way or another. Watch Iceland over the next 5 or 10 years, and see if they don't get hit somehow for taking down their bankers.

yes, but it could have been this small island has many missiles they buy with bitcoin, and large countries will also seek to shake and scramble bitcoin when their prices are so low: D

vulgartrendkill

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Quote from: franky1 on June 26, 2014, 04:07:04 PM

Quote from: BADecker on June 26, 2014, 04:04:42 PM

If any small island country like Jersey got serious and did this, they just might be attacked like Iraq one way or another. Watch Iceland over the next 5 or 10 years, and see if they don't get hit somehow for taking down their bankers.

jersey stores no oil or gold for a invading army to take.. meaning nothing would be achieved by invading jersey

imagine a brave heart speach

"ya can take our hard drives, but ya'll never brake our encryption"

The Germans invaded Jersey in WWII and made it a base or a little while.

kingscrown

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http://fuk.io - check it out!

Would be good. SO far Isle of Man was open so there is SIS Siamese Coin made for them on x11 algo - https://bitcointalksearch.org/topic/ann-siamese-coin-x11-no-premine-3-exchange-hitbtccryptsy-votings-651594

doubleredrolex

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I Believe

Bitcoin island. Thats where i want to live

blatchcorn

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I would seriously consider moving there and/or registering by business there if they do this. UK banks are seriously hindering bitcoin businesses and soon the whole country will be playing catch-up with the new bitconomy

franky1

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Quote from: BADecker on June 26, 2014, 04:04:42 PM

If any small island country like Jersey got serious and did this, they just might be attacked like Iraq one way or another. Watch Iceland over the next 5 or 10 years, and see if they don't get hit somehow for taking down their bankers.

jersey stores no oil or gold for a invading army to take.. meaning nothing would be achieved by invading jersey

imagine a brave heart speach

"ya can take our hard drives, but ya'll never brake our encryption"

BADecker

legendary

Activity: 3990

Merit: 1385

If any small island country like Jersey got serious and did this, they just might be attacked like Iraq one way or another. Watch Iceland over the next 5 or 10 years, and see if they don't get hit somehow for taking down their bankers.

vulgartrendkill

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Quote from: nwfella on June 26, 2014, 03:27:32 PM

I would be more than happy to be a pair of boots on the ground there. From the images I've seen on google it's absolutely gorgeous!

I went on holiday there once for a week.

It is amazing. very nice. You can drive one side to the other in about 50mins. And another thing, in terms of tax, if you are a lady and you are married your husband is responsible for paying it.

nwfella

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Well hello there!

I would be more than happy to be a pair of boots on the ground there. From the images I've seen on google it's absolutely gorgeous!

vulgartrendkill

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Quote from: waldox on June 26, 2014, 01:32:13 AM

one of these small independant islands, if they are smart will declare bitcoin their currency and make it not taxed. you will see a rash of bitcoin companies flocking to them to setup global bitcoin businesses

Jersey is already a sort of tax haven. However the government of Jersey has afaik signed disclosure agreements with other countries. I think bitcoin would be great for Jersey and the other Channel Islands.

Sydboy

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I thought you were going to say your local supermarket had a bitcoin isle, just past the tampons :]

franky1

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Quote from: spinf on June 26, 2014, 08:41:50 AM

It seems it is just one guy trying to lobby to create a bitcoin Island, I don't see where Jersey officials are buying into this ?
Missing something ?

dont base real world "lobbying" on the replies of this forum..

i personally prefer 20 people doing footwork talking to the powers that be, rather than sitting on this forum. true lobbying doesnt happen on a forum. but it doesnt hurt to thrash out idea's with the community on this forum. and when a good idea comes along, take it to the real world

Elwar

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Viva Ut Vivas

Quote from: Nerazzura on June 26, 2014, 08:50:22 AM

because they reasoned it would make the economy into chaos. and they will experience a great loss to it.

This is always the worst argument. Trying to take the extreme position that something will all happen over night without any transition.

As if Bitcoin is causing mass chaos right now as it replaces existing currencies.

Nerazzura

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Quote from: waldox on June 26, 2014, 01:32:13 AM

one of these small independant islands, if they are smart will declare bitcoin their currency and make it not taxed. you will see a rash of bitcoin companies flocking to them to setup global bitcoin businesses

it may be suitable for underdeveloped countries, but if for developing and developed countries, it will be difficult. because they reasoned it would make the economy into chaos. and they will experience a great loss to it.

Topic: Isle of Bitcoin (Read 1866 times)