The legalization of bitcoin. - page 15.

Rahar02

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Quote from: Lancusters on June 17, 2017, 06:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

My first thought when I read the tittle, oh it may about how to support legalization of bitcoin in some countries. But lol, it's totally different compares to what Op mentioned above, to buy an island? You should change the title of your thread man.

There will be few people that might be interested, depends on the location of the island, idea to share it, how much it costs and for what purpose/benefits to collect bitcoin from many people to buy an island?
I won't invest obviously, the island may not so important for me in the future, except if the idea is really really good.

DevilSlayer

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Quote from: Lancusters on June 17, 2017, 06:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

In our country the bitcoin is now approved by the government. The bitcoin is now using in our daily payment. I feel happy about it because our life will become easier. I hope that in some country the bitcoin will approve by their government.

kafiddrhman

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Quote from: AjithBtc on June 18, 2017, 04:22:59 AM

Legalized usage will bring more users into the community. But the same will affect several unique features that bitcoin has got, and importantly the system becomes centralized and because of this surely it will loss the value it gained to certain extent.

It seems that if bitcoin legality in a country can be realized there will be consequences of the government's enforced regulations on bitcoin, such as tax laws for example as well as security rules may be more assured if the government gives its legality to bitcoin.

iamTom123

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Quote from: Fortify on June 17, 2017, 10:31:57 AM

Every island out there is already controlled by a government, uninhabited or not - they will not allow you to just take over and build your own jurisdiction. You will still be subject to all the laws of the governing country, so cannot make your own laws. I think Sealand have gotten the closest to this idea, an offshore rig that offers hosting and other online services, along with "citizenship". If their closest neighbour wanted to take them over it could be done with ease.

Yes, there is true...even the remotest island and even those that may not be on the map yet are all claimed by a certain country. In fact, here in my region there are many countries vying for islands and they are so willing to die just to get even a very small one thinking that it can be a beacon of wealth within, under or just in its periphery.

Maybe what we can do is to colonize a planet...maybe in Mars there can be an abundance of real estate where Bitcoin can be an official currency without the interference of those in power. We are living in a greedy world where anything of value can worth of the fight that may ensued.

Soon even the very air we are breathing can be fought with blood and nails.

AjithBtc

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Legalized usage will bring more users into the community. But the same will affect several unique features that bitcoin has got, and importantly the system becomes centralized and because of this surely it will loss the value it gained to certain extent.

micher143

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Quote from: Lancusters on June 17, 2017, 06:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

Let society do it works because as time pass by the bitcoin will be accepted by every country don't force it, it will happen automatically and step by step for now bitcoin is still gaining popularity so let's just wait for the future what will happen.

Amph

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doesn't make sense , the legalization is done by a central authority and will help bitcoin getting more recognized or adopted, people also want to be controlled it seems...

Quote from: NamedUser on June 17, 2017, 11:14:38 AM

Who cares if bitcoin is declared legal or not in your country? I'm not using bitcoins because my government said it's OK I'm using it because I can make my own decisions with my own money.

well if it's not legal you can't use it without trouble, it would hinder adoption, and no one will buy it locally for example, altought you can still use it on the web for purchasing stuff abroad, outside of your country

bit1

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Quote from: wxa7115 on June 18, 2017, 02:12:09 AM

Quote from: Lancusters on June 17, 2017, 06:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

It will not happen, every single piece of land has an owner, and when a new piece of land emerges due to volcanic activity or something like that, a government will claim ownership of that land, so unfortunately it is not possible to do that at the moment.

Anyway that does not stop that somebody can buy an island or yes? The thing is maybe that you could not buy much on that island, perhaps the direct exchange of goods would give much better result on that island, but in any case there isn´t need to mix one thing with another, it's almost like saying legalize internet,
oh wait, was it ever oneday illegal? in any case could be try of "regulate" but depending on what or for whom,
only starting from there already represents a problem define it.

wxa7115

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Quote from: Lancusters on June 17, 2017, 06:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

It will not happen, every single piece of land has an owner, and when a new piece of land emerges due to volcanic activity or something like that, a government will claim ownership of that land, so unfortunately it is not possible to do that at the moment.

radiocoin

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the idea of a island is just that, an idea, something like that would have worked of there was a country sized pice of land that no one currently occupied, witch doesn't exist. (except Antarctica but that's crazy talk) having every transaction in bitcoin would be a bit nutty too, imagine getting a cup of coffee in the morning with the transaction fees and time needed. bitcoin in its current state is better suited as a investment commodity or large transaction currency. anything commonplace is bit cumbersome. i would be glad to see improvements in this area. as now with the volatility you would see things like in some countries where someone gets their paycheck on payday and tells the spouse to go spend it that day in fear of loosing value. there are still things to work out with the island idea.

Adelajda

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Quote from: Lancusters on June 17, 2017, 06:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

The idea is terrible because it is not possible in the real work as every island comes under some country or the other so you really go and own something just like that and top of that you really cannot make rules over ruling the laws of that country,so it is an impossible task.

batang_bitcoin

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Quote from: Lancusters on June 17, 2017, 06:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin.

I like the idea but wherever you go bitcoin anyone can use it regardless of the country's law, there will be people that will keep on using it.

Quote from: Lancusters on June 17, 2017, 06:44:28 AM

To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

I also like this idea that this island will be a bitcoin paradise where every transaction will be in bitcoin. But for sure there will be people hoarding and will pay for piece of that island. And of course since it is just an island, invasion is a risk.

rmall

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I'm having a hard time trying to understand why anyone would want a country with bitcoin as the main form of currency. As a really volatile coin, prices would raise and fall almost daily, as globalization made almost every single product international. Living in the island would be a really terrible experience, or just plainly impossible. It would make bitcoin a "real" currency... But that would change nothing on how things work today. It's a bad idea, in general.

pixie85

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I'd love to see a Bitcoin country. There were similar project in the past, just look it up.
One of those projects was the Isle of Man, but it's still under a government's jurisdiction.
https://www.bloomberg.com/news/features/2015-09-07/isle-of-man-tax-haven-with-tailless-cats-becomes-bitcoin-hub

Like others have already said, you won't find an island that doesn't belong to someone. There are uninhabited islands, but the waters they are on belong to a country.

lilit

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Quote from: syaripudin on June 17, 2017, 01:29:35 PM

The legalization of bitcoin at this time as it is highly expected by the entrepreneurs, because this I think is very profitable for various parties, in addition, of course there will be no more any kind of corruption, but everyone of course has a different thinking, it Just a little thought of me

In all respects the legalization of Bitcoin is very good things, but the fact is that every Bitcoin user will have to prepare to lose his independence. This means that every state that recognizes Bitcoin will demand payment of taxes from this income.

syaripudin

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The legalization of bitcoin at this time as it is highly expected by the entrepreneurs, because this I think is very profitable for various parties, in addition, of course there will be no more any kind of corruption, but everyone of course has a different thinking, it Just a little thought of me

michietn94

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Some country forbid bitcoin for security reason , for example for preventing them to using bitcoin for terorism funding.
Logically the reason is valid but all depend on their goverment to take the decision

dothebeats

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Ahh no. Even buying an uninhabited island from a country wouldn't work since no one would sell it to you and secondly, almost every island in this world is already under the sovereignty of a country. Besides, some countries are trying to put one step forward towards bitcoin legalization, one of which is Australia. Also by legalizing bitcoin means submitting yourself over to the government's control and you're allowed to use bitcoin under their mandates. Would you even like that?

AngelSky

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Quote from: TrumpD on June 17, 2017, 12:33:42 PM

Novel idea but it will be very difficult to implement. Organising different folks from different backgrounds, cultures and countries to come together to pull this off will be very very difficult. Unless there is some financial benefit for signing up to such a scheme, people wouldn't. And bitcoin has been adopted in some countries already, and more will follow shortly.

Making bitcoin is legal in any country makes the money evaluation in the pipeline more than what world bank do now. It will organize the each transaction with the tx id so there is no corruption will take place in the Government. If the corrupted people leave from the bitcoin then it will be legal in everywhere.

TrumpD

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Novel idea but it will be very difficult to implement. Organising different folks from different backgrounds, cultures and countries to come together to pull this off will be very very difficult. Unless there is some financial benefit for signing up to such a scheme, people wouldn't. And bitcoin has been adopted in some countries already, and more will follow shortly.

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