The Switzerland of Bitcoin - page 12.

BTCLuke

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Quote from: myrkul on April 24, 2013, 03:48:52 PM

Not for individual wallets, no. But a data haven would be a great place for Bitcoin businesses to be "registered" and hosted.

I think we should set our standards higher than this.

Instead of so many putting so many eggs in one single basket, even if that basket is on Neptune, governments have proven themselves sinister and will go anywhere and break any law to take out these single points of failure that this strategy would create. Look at what they did to KimDotCom.

Whenever a problem presents itself like this, any time in the future, just remember that Decentralized, peer-to-peer software can solve it. ANY problem.

myrkul

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Quote from: kokjo on April 24, 2013, 03:45:26 PM

Quote from: myrkul on April 24, 2013, 03:39:59 PM

Quote from: kokjo on April 24, 2013, 03:37:26 PM

@myrkul: Sealand, offshore offline bitcoin cold storage?

https://en.wikipedia.org/wiki/Data_haven

yes, but thats all about big data. a private key can you have in your head... there would be no need for a data haven in bitcoin's case.

Not for individual wallets, no. But a data haven would be a great place for Bitcoin businesses to be "registered" and hosted.

kokjo

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Quote from: myrkul on April 24, 2013, 03:39:59 PM

Quote from: kokjo on April 24, 2013, 03:37:26 PM

@myrkul: Sealand, offshore offline bitcoin cold storage?

https://en.wikipedia.org/wiki/Data_haven

yes, but thats all about big data. a private key can you have in your head... there would be no need for a data haven in bitcoin's case.

nobbynobbynoob

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Yeah, Bitcoin doesn't really need a "capital" or anything. But Japan wouldn't be the very worst option, with it being the (currently) accommodating home of Magic The Gathering Online eXchange.

myrkul

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Quote from: kokjo on April 24, 2013, 03:37:26 PM

@myrkul: Sealand, offshore offline bitcoin cold storage?

https://en.wikipedia.org/wiki/Data_haven

kokjo

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You are WRONG!

@myrkul: Sealand, offshore offline bitcoin cold storage?

glendall

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Japan.

Most of the Earth is currently in the year 2013. Japan I think exists in the year 2015, or 2015 and a half.

I mean they have robot spiders and stuff.

bitcoincraps

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Offshore jurisdictions or maybe Singapore.

BTCLuke

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Quote from: myrkul on April 24, 2013, 02:43:25 PM

As would I. Get them involved in the currency wars on the light side of the Force.

Wouldn't that be sweet, sweet irony?

Politicians can be quite dumb sometimes though, perhaps we could pull it off. Wink

myrkul

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Quote from: BTCLuke on April 24, 2013, 02:34:46 PM

Quote from: myrkul on April 24, 2013, 02:12:54 PM

On the contrary, they've already tried to kick him out, and failed:
http://www.sealandgov.org/history

Quote

During his summing up the judge said “This is a swash buckling incident perhaps more akin to the time of “Sir Francis Drake” but it is my judgment is that the UK courts have no jurisdiction.” This was Sealand’s first de facto recognition.

I think we both know that if Sealand were pumping up oil or something that the UK wanted, that judge would never have been allowed to even address the subject.

Probably not, no. But he was, and he said it, and it's been the basis of Sealand's ongoing independence since. It's in international waters, and everyone seems to respect it's "borders," So I'd say it's de facto recognized, even without a UN declaration.

Quote from: BTCLuke on April 24, 2013, 02:34:46 PM

Frankly I'd be much more happy to learn that ALL countries started mining some bitcoin each...

As would I. Get them involved in the currency wars on the light side of the Force.

BTCLuke

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No Chile?

Here's a thought for you; Perhaps we don't WANT a 'Switzerland of bitcoin?'

Remember that thing called decentralization? It's hard to stay decentralized when a nation becomes a prominent miner.

Frankly I'd be much more happy to learn that ALL countries started mining some bitcoin each...

Quote from: myrkul on April 24, 2013, 02:12:54 PM

On the contrary, they've already tried to kick him out, and failed:
http://www.sealandgov.org/history

Quote

During his summing up the judge said “This is a swash buckling incident perhaps more akin to the time of “Sir Francis Drake” but it is my judgment is that the UK courts have no jurisdiction.” This was Sealand’s first de facto recognition.

I think we both know that if Sealand were pumping up oil or something that the UK wanted, that judge would never have been allowed to even address the subject.

teodor87

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Singapore is the best country of doing business. So I guess bitcoin is going to be best accepted there.

myrkul

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Quote from: Ivanhoe on April 24, 2013, 01:51:43 PM

Quote from: myrkul on April 23, 2013, 11:41:18 PM

You forgot The Principality of Sealand.

No, I'm not trolling. I think they, or another micronation, could very well take Switzerland's place in the Bitcoin economy.

You can't pick Sealand or other micronations, because they are not recognized by other countries. It only takes 3 boats full of cops for the UK to wipe Bitcoin out of there.

On the contrary, they've already tried to kick him out, and failed:
http://www.sealandgov.org/history

Quote

During his summing up the judge said “This is a swash buckling incident perhaps more akin to the time of “Sir Francis Drake” but it is my judgment is that the UK courts have no jurisdiction.” This was Sealand’s first de facto recognition.

niner

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Quote from: legendster on April 23, 2013, 11:29:23 PM

... Some of these countries are already Bitcoin friendly, after all most of the Miners and traders are from Japan and US. But which of these countries has the best possibility to turn into what 'Switzerland is to Fiat currency' .. in other words, which of these countries are still under exposed to the concept of Bitcoin and why do you think they can become a better market in the future.

You mean what Switzerland *was* to Fiat currency.

becoin

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Quote from: legendster on April 23, 2013, 11:29:23 PM

I am going to re-post or rather copy paste an article from siliconindia here with my question that will follow it

LOL. How can I vote for Switzerland?

Ivanhoe

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Quote from: myrkul on April 23, 2013, 11:41:18 PM

You forgot The Principality of Sealand.

No, I'm not trolling. I think they, or another micronation, could very well take Switzerland's place in the Bitcoin economy.

You can't pick Sealand or other micronations, because they are not recognized by other countries. It only takes 3 boats full of cops for the UK to wipe Bitcoin out of there.

wrenchmonkey

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I think the U.S. is crucial to the ability of the Bitcoin to become a stable currency (without a USD exchange, it's not a viable currency). Hopefully the oligarchs don't catch on too early, and shut down the exchanges. Once Bitcoin is capable of standing on its own, I believe Singapore is the next most important piece of the pie, and the U.S. can then go ahead and die an economic death, and it won't affect BTC much, globally. Not before, however.

oleganza

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Software design and user experience.

Iceland? Cheap electricity that cannot be moved outside, only wasted inside (perfect for mining farms). Newly elected government, yet not communistic. The moment BTC becomes their reserve or daily currency, they become the richest country on the planet.

legendster

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Curious why none of you take the name of middle eastern countries like UAE ??

Spendulus

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First it is necessary to establish what is desirable for a "switzerland of bitcoin."

It certainly must have multiple sound and long established links into the major banking systems. The banks should preferably not be owned or operated by the State. There should be multiple independent international banks which can accept wire transfers and do wire transfers without restrictions. (Belize has some problems in these respects, as does Hong Kong.)

Having said that, I'd vote for multiple places to include the Bahamas and Singapore.

Topic: The Switzerland of Bitcoin - page 12. (Read 21969 times)