Paying a Small Country to Make Bitcoin an ADITIONAL Official Currency - page 2.

FinShaggy

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Quote from: countryfree on April 29, 2013, 01:48:30 PM

Am I the only one to remember that the bitcoin's inventor was so smart, he did it anonymously?

Nobody knows who he is, or who she is, and it would be a sad ending for his project if bitcoin was now seen as the regular currency of a small foreign country. We don't need countries. They were not a good invention. Please, let's keep bitcoin outside the regulated world.

I don't think that would be a sad ending, I think it would be a great leap. What if with Bitcoin, that country becomes a nation of the internet, and looses all government ties?

Rassah

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Quote from: countryfree on April 29, 2013, 01:48:30 PM

Am I the only one to remember that the bitcoin's inventor was so smart, he did it anonymously?

Nobody knows who he is, or who she is, and it would be a sad ending for his project if bitcoin was now seen as the regular currency of a small foreign country. We don't need countries. They were not a good invention. Please, let's keep bitcoin outside the regulated world.

Even if bitcoin is adopted by a country, that country won't have the power or ability to regulate it. That's kind of the point of bitcoin. On the other hand, it would play at the whole "country" game, and give bitcoin an advantage by allowing it to outmaneuver other countries' regulations.

countryfree

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Your country may be your worst enemy

Am I the only one to remember that the bitcoin's inventor was so smart, he did it anonymously?

Nobody knows who he is, or who she is, and it would be a sad ending for his project if bitcoin was now seen as the regular currency of a small foreign country. We don't need countries. They were not a good invention. Please, let's keep bitcoin outside the regulated world.

Maciek

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What do you think about this seasteading.org project ?

Rassah

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Quote from: Inedible on April 29, 2013, 04:46:06 AM

Quote from: Rassah on April 28, 2013, 10:05:52 PM

Would be nice to have a friendly country to retire in Grin

Shame Bitcoin doesn't guarantee it would be filled with friendly folks. If anything it guarantees there will be scammers close by lol

Scammers can only exist because they stay anonymous on the web. If they live in close proximity, and continue to scam in person, they'll get screwed rather quickly. If they keep all their scamming to online only, then no one would even know, and it won't affect anyone either way.

Spendulus

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Quote from: Inedible on April 28, 2013, 10:39:19 AM

Quote from: Maciek on April 28, 2013, 10:24:19 AM

I mean the country would be willing to take TAXES in:
gold, silver, btc and their "old currency"

THIS IS GOOD:

Quote

It would only be an ADDITIONAL official currency.
What does it take to make a currency an "official" currency? Would be enough if small state xy officially proclaims that it will optionally accept BTC for tax and other payments at a rate equivalent of 0.001USD/BTC?

You could use Bitcoin as an additional currency but then people would be less likely to be used day to day which pretty much defeats asking a small country to make Bitcoin it's official currency.

The only way you could do it is to have everything on Bitcoin Island dynamically priced so that all your goods prices vary from minute to minute.

This assumes that the local currency is stable, but in many places that isn't true. Cash registers at checkouts in many countries already recoimpute prices on the spot. It's necessary where the local currency is devaluing rapidly. Unfortunate, but true.

Bitcoinfly

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Quote from: Zeke_Vermillion on April 27, 2013, 06:38:22 PM

I thought the point of bitcoin is that you don't need a government to adopt it. In which case this whole discussion is beside the point!

+1 Exactly! There's no state where we are heading.

Inedible

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Quote from: Rassah on April 28, 2013, 10:05:52 PM

Would be nice to have a friendly country to retire in Grin

Shame Bitcoin doesn't guarantee it would be filled with friendly folks. If anything it guarantees there will be scammers close by lol

Maciek

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Quote from: Anon136 on April 28, 2013, 05:53:42 PM

here is their address 1FexWDptSXFWsZvdLoBckZgVFWytHjsSu8

Source:
http://www.seasteading.org/donate/
Bitcoin Donations
Send your Bitcoin donation to this wallet address:
1FexWDptSXFWsZvdLoBckZgVFWytHjsSu8
Note: Donations made in BitCoins are not tax-deductible under current US tax law.

Rassah

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Would be nice to have a friendly country to retire in Grin

FinShaggy

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Once I've got some money, I am completely down for this.

Anon136

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Quote from: Maciek on April 28, 2013, 03:44:14 PM

How about supporting them:
http://www.seasteading.org/

https://www.facebook.com/seasteading
?

here is their address 1FexWDptSXFWsZvdLoBckZgVFWytHjsSu8

Maciek

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How about supporting them:
http://www.seasteading.org/

https://www.facebook.com/seasteading
?

Inedible

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What doesn't kill you only makes you sicker!

Quote from: melvster on April 28, 2013, 11:33:45 AM

Love the name "Bitcoin Island"

All you need is for it to be legal tender and backstopped vs a bigger currency by the govt.

Not gonna lie. I kinda grinned when it came to mind Grin

How does backstopping work? In my mind I see one very unhappy Chancellor shoring up the value of Bitcoin as the likes of George Soros bets against Bitcoin (a la Britain being forced out of the ERM).

melvster

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Quote from: Inedible on April 28, 2013, 10:39:19 AM

Quote from: Maciek on April 28, 2013, 10:24:19 AM

I mean the country would be willing to take TAXES in:
gold, silver, btc and their "old currency"

THIS IS GOOD:

Quote

It would only be an ADDITIONAL official currency.
What does it take to make a currency an "official" currency? Would be enough if small state xy officially proclaims that it will optionally accept BTC for tax and other payments at a rate equivalent of 0.001USD/BTC?

You could use Bitcoin as an additional currency but then people would be less likely to be used day to day which pretty much defeats asking a small country to make Bitcoin it's official currency.

The only way you could do it is to have everything on Bitcoin Island dynamically priced so that all your goods prices vary from minute to minute.

Love the name "Bitcoin Island"

All you need is for it to be legal tender and backstopped vs a bigger currency by the govt.

Inedible

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What doesn't kill you only makes you sicker!

Quote from: Maciek on April 28, 2013, 10:24:19 AM

I mean the country would be willing to take TAXES in:
gold, silver, btc and their "old currency"

THIS IS GOOD:

Quote

It would only be an ADDITIONAL official currency.
What does it take to make a currency an "official" currency? Would be enough if small state xy officially proclaims that it will optionally accept BTC for tax and other payments at a rate equivalent of 0.001USD/BTC?

You could use Bitcoin as an additional currency but then people would be less likely to be used day to day which pretty much defeats asking a small country to make Bitcoin it's official currency.

The only way you could do it is to have everything on Bitcoin Island dynamically priced so that all your goods prices vary from minute to minute.

Maciek

full member

Activity: 254

Merit: 100

I mean the country would be willing to take TAXES in:
gold, silver, btc and their "old currency"

THIS IS GOOD:

Quote

It would only be an ADDITIONAL official currency.
What does it take to make a currency an "official" currency? Would be enough if small state xy officially proclaims that it will optionally accept BTC for tax and other payments at a rate equivalent of 0.001USD/BTC?

Inedible

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What doesn't kill you only makes you sicker!

Quote from: Maciek on April 28, 2013, 07:52:54 AM

@Inedible
How about to run it on gold, silver and Bitcoins?

How do you mean?

melvster

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+1 to iceland now that they have the PP in govt.

The founder of the PP gave a keynote at the bitcoin conference 2 years ago.

They looooove bitcoin.

phelix

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Quote from: surebet on April 25, 2013, 06:22:55 AM

[...]
So... what's the exact proposition, bribe a country into saying that bitcoin is now it's official currency, but then let them totally ignore it?

Pretty much.

Quote from: Trongersoll on April 25, 2013, 02:11:49 PM

I remember reading somewhere that there is a South American country who's official currancy is the US Dollar. you might want to talk to them.
[...]

There seem to be a couple of countries with several official currencies.

Quote from: Wilikon on April 26, 2013, 05:08:15 PM

[...]
I am still not convinced why Tuvalu is not the best place on Earth to keep my cold wallet though...
(sarcasm)

Why would you want to do that?

Quote from: Anon136 on April 27, 2013, 12:48:52 PM

[...]
you have to make sure they are truly recognized by the international community as soveriegn. But yes count me in, i would pay 1 bitcoin.

Definitely.

Quote from: Maciek on April 27, 2013, 01:19:27 PM

[...]
What about creating our own country?
[...]

It would take ages and tons of effort to get it recognized. This is so much more difficult... (The same goes for the whole virtual country idea).

Quote from: Spekulatius on April 27, 2013, 01:29:22 PM

Why do you want to pay another country to adopt Bitcoin if it doesnt fully support the idea in the first place?
All you probably get is some law in their codes that states that "Bitcoin" is officially second legal tender in that state, a PR hit and thats it.

That and legal tender status making it an official currency giving us legal certainty.

Quote from: Maciek on April 28, 2013, 07:07:17 AM

Ok, so if there would be anyone willing to do escrow...
[...]
1st Bitcoin from me. I could send even now - to escrow person.

lol. Easy, we need to take it slow.

Quote from: Inedible on April 28, 2013, 07:37:37 AM

There's no country in the world that will be willing to take up Bitcoin as their currency because their financial interactions with the outside world would be at the mercy of the volatile market prices.

You got it all wrong. It would only be an ADDITIONAL official currency.

What does it take to make a currency an "official" currency? Would be enough if small state xy officially proclaims that it will optionally accept BTC for tax and other payments at a rate equivalent of 0.001USD/BTC?

Topic: Paying a Small Country to Make Bitcoin an ADITIONAL Official Currency - page 2. (Read 21557 times)