So...bitcoin is now a national currency ("nation" of 4 people) - page 5.

bitgolden

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Quote from: Kevin77 on December 17, 2015, 02:18:47 AM

Quote from: ?? on ??

good news are coming at the end of this year about bitcoin Wink

I guess you mean that the new high price for bitcoin. Due to up coming halving, there are lot of chances for that to break the previous higher price of $502 of this year. I do always check for news on bitcoin ecosystem on google news search.

Like many people here, for me too higher price of bitcoin is the good news, always expecting eagerly. But the real trigger of higher price must be adoption of bitcoin by any market giants. That will eventually get the good news, we are always awaiting for.

Kevin77

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Quote from: ?? on ??

good news are coming at the end of this year about bitcoin Wink

I guess you mean that the new high price for bitcoin. Due to up coming halving, there are lot of chances for that to break the previous higher price of $502 of this year. I do always check for news on bitcoin ecosystem on google news search.

quentincole32

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Quote from: Elwar on December 14, 2015, 05:17:34 AM

So this small island off of Portugal, Principality of the Pontinha, has been a sovereign nation by royal decree since the 1400s. It has been handed down and changed hands a few times. The current leader has decreed that bitcoin is the nation's official currency.

This could literally kick off a lot of things. Bitcoin would officially become a foreign currency for all nations.

Equador, which is the only country to actually pass a law banning Bitcoin (which the law only banned Bitcoin from running on its banking network) had a stipulation that it would be recognized if it became a national currency. So by passing such a law...they may have potentially forced themselves to recognize bitcoin as an official currency.

I wonder how US will deal with considering Bitcoin a commodity when it is officially a foreign currency as well.

http://www.newsbtc.com/2015/12/13/bitcoin-atlantis-currency/

The website "www.newsbtc.com" does not exist or is currently not reachable.
Here is a google-powered list of suggestions.
oh i hate that,are sure that information can be trusted?i dont think you are spammer,but i found that when i open your link Sad

Beliathon

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Quote from: Elwar on December 14, 2015, 05:17:34 AM

So this small island off of Portugal, Principality of the Pontinha, has been a sovereign nation by royal decree since the 1400s. It has been handed down and changed hands a few times. The current leader has decreed that bitcoin is the nation's official currency.

This could literally kick off a lot of things. Bitcoin would officially become a foreign currency for all nations.

Equador, which is the only country to actually pass a law banning Bitcoin (which the law only banned Bitcoin from running on its banking network) had a stipulation that it would be recognized if it became a national currency. So by passing such a law...they may have potentially forced themselves to recognize bitcoin as an official currency.

I wonder how US will deal with considering Bitcoin a commodity when it is officially a foreign currency as well.

http://www.newsbtc.com/2015/12/13/bitcoin-atlantis-currency/

Hope this helps

http://www.odditycentral.com/news/portuguese-man-buys-tiny-island-successfully-establishes-his-own-kingdom.html

kingcolex

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Quote from: hunnaryb on December 14, 2015, 06:34:22 AM

Comon.. this is a joke.. Its a family of 4 people

I always have the same opinion on anytime a micronation announces Bitcoin as their currency, I don't care if under 10 people start using it, that doesn't make it newsworthy.

fravia

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so it is starting as far as i can see... its only a question of time when other countries will start making bitcoins as their national currency this will mean the bitcoin price will start booming to the sky and that i will start making money of my investments

traderbit

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Quote from: Bayuu on December 15, 2015, 02:07:20 PM

Bitcoin is designed to be internationally used though.

Bitcoin is designed to be used by everyone world wide but this case seems interesting.
How can people now deal in that country or how the payment and bills are processed?
This is a great news for us but i think that there is still some space to be improved.

helloeverybody

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When i first read this thread i thought we had some kind of major adoption. Not quite Sad

mtnsaa

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This is more of a novelty news I guess but I recently created a thread about Argentina's new president relationship with Bitcoin, so this is all great news that governments of the world are taking into consideration these new technologies and acknowledging their benefits even if they are not massively adopted yet.

Betwrong

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Although there are only 4 people in the "country" I think this is a big step for Bitcoin. And also this is a very smart move from their side too (I mean the Government of the nation

) From now on they will be in the history of Bitcoin forever.

goinmerry

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Quote from: countryfree on December 15, 2015, 08:15:37 PM

Quote from: johnyj on December 14, 2015, 05:31:13 PM

I guess the most possible large country that will recognize bitcoin is Switzerland, their traditional secret banking service has been heavily affected by the US after 911, bitcoin could give them another opportunity

Ths Swiss love their Swiss Franc and they will keep it forever. They're very tolerant towards the use of other currencies though, and most shops in Geneva accept Euros. Some of them are also BTC-friendly. I remember there was a BTC ATM in Geneva a while ago, it's gone now, but the Swiww have always been at the forefront of financial innovation.

Quote

And I have explained in this post https://bitcointalksearch.org/topic/m.13211430 it does not really matter if there is a country behind bitcoin, because anyway people will not use their precious bitcoin to exchange useless goods and services, they already have fiat money for that purpose. Bitcoin's main advantage is to store value and do international remittance, both resides in finance area. It has almost nothing to do with legacy economy, and is not affected by any legacy economy either

I'm not talking about value, I'm talking about image. I think BTC should stay totally international, without any link to any territory anywhere, but cyberspace.

I thought of that too sometimes. What if bitcoin was so popular. Many people will try different things to make it more bad. Just like how people try to fake real money. Those can be the risks when bitcoin booms all over.

countryfree

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Quote from: johnyj on December 14, 2015, 05:31:13 PM

I guess the most possible large country that will recognize bitcoin is Switzerland, their traditional secret banking service has been heavily affected by the US after 911, bitcoin could give them another opportunity

Ths Swiss love their Swiss Franc and they will keep it forever. They're very tolerant towards the use of other currencies though, and most shops in Geneva accept Euros. Some of them are also BTC-friendly. I remember there was a BTC ATM in Geneva a while ago, it's gone now, but the Swiww have always been at the forefront of financial innovation.

Quote

And I have explained in this post https://bitcointalksearch.org/topic/m.13211430 it does not really matter if there is a country behind bitcoin, because anyway people will not use their precious bitcoin to exchange useless goods and services, they already have fiat money for that purpose. Bitcoin's main advantage is to store value and do international remittance, both resides in finance area. It has almost nothing to do with legacy economy, and is not affected by any legacy economy either

I'm not talking about value, I'm talking about image. I think BTC should stay totally international, without any link to any territory anywhere, but cyberspace.

Luqman

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Sucks.. LOL
That place just a small country and live in by a family with 4 people, it was totally a joke I have ever seen ..

Bayuu

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Bitcoin is designed to be internationally used though.

the_poet

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Bitcoin accepted here

Quote from: Timeline on December 15, 2015, 01:52:32 PM

Finally a country adopts Bitcoin as it's national currency, only downside is that it's the smallest country in the world. Grin

It's the smallest country but Bitcoin has to start somewhere Grin

Timeline

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Finally a country adopts Bitcoin as it's national currency, only downside is that it's the smallest country in the world. Grin

flagpara

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This is... Rather amazing in fact.

I just wonder how it can be dealt with foreign exchanges, isn't it a bit hard to plan anything for a company if they use a currency so volatile?

Anyway I find it really cool that a government decided to do it. I'd like to see that in France, and the government could even go mining, with all our useless nuclear electricity Grin

DimensionZ

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Shit, did I leave the stove on?

So now if China decides to recognize bitcoin as a national currency that surely will have an impact.

Mickeyb

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Move On !!!!!!

Quote from: QuestionAuthority on December 14, 2015, 02:40:00 PM

Quote from: TKeenan on December 14, 2015, 02:26:30 PM

Quote from: QuestionAuthority on December 14, 2015, 01:24:41 PM

Quote from: extrabyte on December 14, 2015, 01:20:11 PM

This is awesome news, is this the reason why bitcoin price has been increased a bit these days?

Good lord, ROFL

A pretty fair portion of our bitcoin community is so fucking dumb - it hurts. I am starting to think something like 90% are complete imbeciles

Either that or in their very early teens.

Man I am ROFL!! This is truly priceless!

johnyj

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I guess the most possible large country that will recognize bitcoin is Switzerland, their traditional secret banking service has been heavily affected by the US after 911, bitcoin could give them another opportunity

And I have explained in this post https://bitcointalksearch.org/topic/m.13211430 it does not really matter if there is a country behind bitcoin, because anyway people will not use their precious bitcoin to exchange useless goods and services, they already have fiat money for that purpose. Bitcoin's main advantage is to store value and do international remittance, both resides in finance area. It has almost nothing to do with legacy economy, and is not affected by any legacy economy either

Topic: So...bitcoin is now a national currency ("nation" of 4 people) - page 5. (Read 7060 times)