Republic Of Bitcoin - page 3. | Bitcointalksearch.org

forexmasterja

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Quote from: Sukrim on July 27, 2011, 11:44:16 AM

Quote from: TheBitMan on July 27, 2011, 10:17:13 AM

third world countries don't have computers Huh

Maybe (old) computers... but lousy internet connections! A friend of mine told me that it takes him ~5 minutes for a google search - and this is not the PC being slow...
Until Bitcoin could be adopted there, the Blockchain would be so enormous that they can't even update it in realtime!

Well I dont know about other third world countires but I live in a third world country JAMAICA and actually our IT infrastructure is pretty good as far as I think we have up to 100mbit connections available in all cities and also 95% 3g coverage at (1.5mbps) and 95% 4g coverage at 6mbps (I can drive around and be connected monitoring my miners anywhere I go no problem). I'm pretty sure there are lots of places in the USA that cant get anywhere near those connection speeds.

Right now the average Jamaican is connecting to the internet at 20mbps, so dont knock third world countries

Trader Steve

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"How do you eat an elephant? One bit at a time..."

Quote from: Danzou on July 27, 2011, 10:15:16 AM

Quote from: davux on July 27, 2011, 10:06:54 AM

Bhutan should adopt Bitcoin. Would help a lot, at least about the 3-letter acronym debate. Roll Eyes

Bhutcoins? Cheesy

LOL

LeonGeeste

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How about a Bitcoin army?

"I solemnly swear to preserve, protect, and defend the integrity of the Bitcoin blockchain from all enemies -- spammers or forks."

foggyb

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Quote from: Sukrim on July 27, 2011, 11:44:16 AM

Until Bitcoin could be adopted there, the Blockchain would be so enormous that they can't even update it in realtime!

Sneakernet?

Sukrim

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Quote from: TheBitMan on July 27, 2011, 10:17:13 AM

third world countries don't have computers Huh

Maybe (old) computers... but lousy internet conncetions! A friend of mine told me that it takes him ~5 minutes for a google search - and this is not the PC being slow...
Until Bitcoin could be adopted there, the Blockchain would be so enormous that they can't even update it in realtime!

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Quote from: Possum on July 27, 2011, 03:44:02 AM

What would happen if one of those Third world countries based their currency on bitcoin?

Or how about a Virtual On-line Republic with Bitcoin as their Currency?

Just a though

Screw a third world country... We should buy a cheap offshore lighthouse or small island from the government and start our own Republic Of Bitcoin.

Yankee (BitInstant)

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Charlie 'Van Bitcoin' Shrem

Quote from: TheBitMan on July 27, 2011, 10:17:13 AM

third world countries don't have computers Huh

Thats why I said, bitcoins need to become physical Grin

TheBitMan

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third world countries don't have computers Huh

Danzou

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Quote from: davux on July 27, 2011, 10:06:54 AM

Bhutan should adopt Bitcoin. Would help a lot, at least about the 3-letter acronym debate. Roll Eyes

Bhutcoins? Cheesy

davux

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Firstbits.com/1davux

Bhutan should adopt Bitcoin. Would help a lot, at least about the 3-letter acronym debate. Roll Eyes

fabianhjr

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Do The Evolution

Quote from: Yankee (BitInstant) on July 27, 2011, 09:34:27 AM

Quote from: Possum on July 27, 2011, 03:44:02 AM

What would happen if one of those Third world countries based their currency on bitcoin?

Or how about a Virtual On-line Republic with Bitcoin as their Currency?

Just a though

I like the idea, but bitcoin would have to become physical first.

Not possible, though nowadays even in the low areas of Mexico many kids have cellphones and even smarthphones.

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: Possum on July 27, 2011, 03:44:02 AM

What would happen if one of those Third world countries based their currency on bitcoin?

Or how about a Virtual On-line Republic with Bitcoin as their Currency?

Just a though

Awesome idea. Let's establish a virtual libertarian sovereign cyberspace (I recommend to have a fake religion too, since cults are endowed special freedoms all over the western world).
The final objective should be to establish legal residence there, and release valid passports.

Yankee (BitInstant)

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Charlie 'Van Bitcoin' Shrem

Quote from: Possum on July 27, 2011, 03:44:02 AM

What would happen if one of those Third world countries based their currency on bitcoin?

Or how about a Virtual On-line Republic with Bitcoin as their Currency?

Just a though

I like the idea, but bitcoin would have to become physical first.

myhoho

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Its not a utopia. For sure, in this case bitcoin might worth lot lot more.

molecular

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Quote from: Possum on July 27, 2011, 03:44:02 AM

What would happen if one of those Third world countries based their currency on bitcoin?

Or how about a Virtual On-line Republic with Bitcoin as their Currency?

Just a though

How about world peace Wink

. Just a thought... not trying to be too negative, but the "bitcoin republic" seems quite asleep with negligable amount of fresh immigrants after the hot weeks when the gold was found... some things take time.

fennec

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There's an interesting bet – how long until Bitcoin becomes the official currency of a nation, if ever. If Bitcoin becomes a major global currency, it wouldn't be too hard to imagine. That's a big if, though.

NetTecture

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Merit: 100

Quote from: Possum on July 27, 2011, 03:44:02 AM

What would happen if one of those Third world countries based their currency on bitcoin?

Rates * 100 or more. The current bitcoin rate is very very low - still. That said, wont happen.

Quote from: Possum on July 27, 2011, 03:44:02 AM

Or how about a Virtual On-line Republic with Bitcoin as their Currency?

Non-issue. This is like me pretending to be king of the world, and demading taxes from you - noone cares.

Possum

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What would happen if one of those Third world countries based their currency on bitcoin?

Or how about a Virtual On-line Republic with Bitcoin as their Currency?

Just a though

Topic: Republic Of Bitcoin - page 3. (Read 5168 times)