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Topic: Paying a Small Country to Make Bitcoin an ADITIONAL Official Currency - page 7. (Read 21559 times)

staff
Activity: 3304
Merit: 4115
It's a good idea and you would have to be pretty convicing and show them it's not a 'bubble'. Most countries are wary of  Bitcoin because of the DDOS lately, However Bitcoin is rising once again and pretty much shows the strength of it. I would suggest contacting the guys who created the documentary and see if they can go out and find a country who would be willing to accept, If I had the money I would buy my own island and set this kind of system up, sadly I don't have that kind of money.
full member
Activity: 238
Merit: 100
So I have shopped for islands before.
There are some big ones available.
If we get one (an island) next to a fairly underdeveloped nation, and arm ourselves to the teeth, and offer some type of positive outcome for them like production of some kind or we could even beef up there technology sector and offer serious upgrades and expetise. Then they probably would rather allow us to operate then invade us.
But we have to make ourselves beneficial or we are going to war (or just failing all together).
hero member
Activity: 490
Merit: 500
... it only gets better...
Basically, you are talking about bribing some politicians... In my mind this would be a sinkhole investment...
sr. member
Activity: 392
Merit: 250
sr. member
Activity: 360
Merit: 250
Drunken quoting fail on my part.  Cheesy
sr. member
Activity: 392
Merit: 250
What about creating our own country?

I'm a-drinkin' anyway, but as long as we must suffer with states, there should be as many of them as possible.

I'll drink to that!

Did you just put your post in to my quotes or am I so drunk that I do not remeber what I have posted? Cheesy
sr. member
Activity: 360
Merit: 250
What about creating our own country?

I'm a-drinkin' anyway, but as long as we must suffer with states, there should be as many of them as possible.

I'll drink to that!
sr. member
Activity: 392
Merit: 250
sr. member
Activity: 392
Merit: 250
sr. member
Activity: 420
Merit: 250
If bitcoin becomes an official currency, the decentralized idea will disappear as with any country and currency there is a controlling institution over it.
hero member
Activity: 952
Merit: 1009

In Germany Bitcoin is already treated like a foreign currency

What the hell are you talking about and what absurd place in Germany is this?

I bet it's Berlin, what with all their crazyness and being totally broke and all that.
legendary
Activity: 1708
Merit: 1020
Wouldn't that make regulation automatically much stricter in many countries?

I wouldn't be surprised if in many places the law concerning foreign currencies happens to be more draconian than the laws concerning virtual goods.
Take Argentina, for example. Wouldn't that automatically push Bitcoin into its capital control, making it impossible for TradeHill to even start its venture?

And despite that, I don't think we should be seeking "state recognition".
Hmmm you have an argument there. Then let's keep it as an ace in our sleeves.  Grin
sr. member
Activity: 360
Merit: 250
The true government of the political entity formerly known as the United States of America already accepts Bitcoin for tax payments:

http://norton13.us/decree-on-currency-and-taxation/
legendary
Activity: 1106
Merit: 1004
Wouldn't that make regulation automatically much stricter in many countries?

I wouldn't be surprised if in many places the law concerning foreign currencies happens to be more draconian than the laws concerning virtual goods.
Take Argentina, for example. Wouldn't that automatically push Bitcoin into its capital control, making it impossible for TradeHill to even start its venture?

And despite that, I don't think we should be seeking "state recognition".
member
Activity: 91
Merit: 10
Scotland?

for after their (possible 2014) divorce? Lots of chatter in the UK as to whether or not they could keep sterling, adopt the euro or start their own.
legendary
Activity: 1708
Merit: 1020
Would the process of creating a country that uses bitcoin not create partial centralisation?

Would it not perhaps be better to simply have bitcoin recognised as a currency in its own right by institution like the EU and the US?

[...]
The first should help the second.

It's quite difficult to get your own country recognized by other countries - just look at Sealand. IMHO it would be easier to convince an existing country.
hero member
Activity: 906
Merit: 1034
BTC: the beginning of stake-based public resources
Would the process of creating a country that uses bitcoin not create partial centralisation?

Would it not perhaps be better to simply have bitcoin recognised as a currency in its own right by institution like the EU and the US?

This could also help set a president for other emerging distributed economies and societies.
legendary
Activity: 2142
Merit: 1010
Newbie
legendary
Activity: 966
Merit: 1004
Keep it real
What do you say?

What about creating our own country?

That's going to be a lot harder than getting a small country to switch to bitcoin.
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