So...bitcoin is now a national currency ("nation" of 4 people) - page 8.

mezzomix

legendary

Activity: 2730

Merit: 1263

Quote from: 5dollarbill on December 14, 2015, 06:03:48 AM

this is complete crap! I'm Portuguese and that island is basically a joke... the guy thinks he's a king of that place, or something like that, lol!

They will find out who is the real king when they start to not pay the taxes anymore. Grin

BTW are they connected to the internet?! Wink

hunnaryb

hero member

Activity: 506

Merit: 500

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

pawel7777

legendary

Activity: 2436

Merit: 1561

Good news but it will have zero impact regarding recognition of BTC as foreign currency, unless it's recognised as independent country by the UN, but, even then, things will unlikely to change.

As for now, it's not much different than Liberland which also considered to make BTC its official currency.

xuan87

legendary

Activity: 1666

Merit: 1001

waow it is a fantastic news, so finally bitcoin is one of recognized currency,

its mean that bitcoin will get more popular and bitcoin cant be shutdown by any party

but i am wondering how are they going maintain the bitcoin in society..

Kepler510

member

Activity: 112

Merit: 10

Power The world for FREE!

This is a very exciting news.
because the recognition of BTC as the currency in portugal made the BTC is getting famous and perhaps other Nations will also deepen about the BTC and finally nations admit BTC as currency .

Finally the BTC as alternative currencies
Cheesy

calkob

hero member

Activity: 1106

Merit: 521

Good title, but seriously this bit of land is 178m,sq . Hardly a world leader in global finance. We use Bitcoin in my house also, and you know what they say, "every English mans home is his castle" so on my lands i decree that Bitcoin is the national currency also.

LuckyYOU

sr. member

Activity: 280

Merit: 250

This is very good news for bitcoin. But it's not nearly enough to get bitcoin more known. It's only good for that island.
There are still people in the world who are not aware of what bitcoin is exactly.

fracorcled

newbie

Activity: 27

Merit: 0

It is good news. But Altantis (Principality of the Pontinha) is too small nation. Is it recognized by Equador government?

Pierre 2

legendary

Activity: 2436

Merit: 1366

This is good headline and good publicity. It may help btc's credibility.
BUT it is not enough. Btc needs much more recognize.

5dollarbill

member

Activity: 71

Merit: 10

this is complete crap! I'm Portuguese and that island is basically a joke... the guy thinks he's a king of that place, or something like that, lol! And yes, nobody lives there basically, and there is no commerce... no real places to use Bitcoin, to make it circulate.

as discussed on this forum quite a few times, Bitcoin can't really be a national currency but it can be widely adopted... But on places where more than half a dozen people live and where there's commerce Roll Eyes

funkydog

full member

Activity: 140

Merit: 100

Good news! We have to start somewhere... Grin

Snail2

legendary

Activity: 1512

Merit: 1000

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/

Gold and silver (islamic dinar and dirham) are both recognized official currency in Indonesia and in parts of Malaysia, (and on IS territories) but it still considered as commodity almost everywhere else. One swallow doesn't make a summer. Especially such a little swallow as Pontinha
.

eternalgloom

legendary

Activity: 1792

Merit: 1283

Quote from: Bitcoiner2015 on December 14, 2015, 05:35:04 AM

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/

I thought it was going to be a few hundred people, not just 4, all one family..
That isn't really news, that is just someone using bitcoin.

Oh lol, this isn't really news then, I do know of another newly formed country that has declared Bitcoin its currency.

https://www.cryptocoinsnews.com/welcome-liberland-bitcoin-national-currency

They appear to have a bit more citizens

Bitcoiner2015

full member

Activity: 120

Merit: 100

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/

I thought it was going to be a few hundred people, not just 4, all one family..
That isn't really news, that is just someone using bitcoin.

jt byte

hero member

Activity: 994

Merit: 500

This is good to hear that bitcoins is a National Currency. In 2016 I think more and more country will accept bitcoin.
Also it would be nice that is more atm for bitcoins so that when I go to other country I just can cash out or that the store accepts bitcoins.
Oh well we will see what well happen in 2016 this is year is almost over and it is a good year for now.

WENGER

sr. member

Activity: 274

Merit: 250

Negative rating was requested by me (SFR10)

This is a great news, care to share the source?

Regarding US way of dealing with Bitcoin regardless of being a foreign currency or a commodity, I don't think there would be huge differences as long as both be used as source of monetary activities so in terms of outcome for using is pretty much the same unless your statement is for something that I'm missing.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

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/

Edit: Wow, I didn't think this thread would go on as long as it has. If you actually read the article there are only 4 people in this "nation" part time.

Topic: So...bitcoin is now a national currency ("nation" of 4 people) - page 8. (Read 7060 times)