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Topic: Which city will be the center of crypto currency - page 8. (Read 9395 times)

legendary
Activity: 2604
Merit: 3056
Welt Am Draht
Even though Bitcoin is decentralized I think if we did have a center it would probably be london they are friendly to Bitcoin and are already a economic center.

The conventional banks in the UK are most definitely not friendly though. I think London's going to be left far, far behind unless a few of them do come around.
hero member
Activity: 532
Merit: 500
Currently held as collateral by monbux
Even though Bitcoin is decentralized I think if we did have a center it would probably be london they are friendly to Bitcoin and are already a economic center.
legendary
Activity: 1022
Merit: 1000
It can't be New York, they are captured by the present system, as the new regulations made clear.

In many ways it could be a relatively unknown city or a "rogue" state.  Bitcoin needs its Switzerland or Tortuga....  Shocked)
hero member
Activity: 616
Merit: 500
Swiss maybe? They are stable country and have a history with banking stuff
legendary
Activity: 4424
Merit: 4794
Any technology or finance system naturally attracts people to hubs. It's easier to do business and propagate new ideas.

I wouldn't discount offshore places like Jersey. They're already established as financial centres and are that much more nimble. We maybe surprised at where does become one of Bitcoin's engine rooms.

hubs i agree with, multiple hubs, where there are manufacturing hubs in asia, innovation hubs near MIT, investment hubs in jersey, and community hubs across the planet. but i still find it bewildering that people want there to be one exclusive concentration camp rather than getting the world to be bitcoin friendly
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
Any technology or finance system naturally attracts people to hubs. It's easier to do business and propagate new ideas.

I wouldn't discount offshore places like Jersey. They're already established as financial centres and are that much more nimble. We maybe surprised at where does become one of Bitcoin's engine rooms.
full member
Activity: 209
Merit: 100
Barcelona
hero member
Activity: 1022
Merit: 500
singapore i think

Why ... Any reasons?
I don't think Singapore has a big dent in Bitcoin at the moment, though, I could be wrong as I'm basing my opinions on recent even geographical.

Singapor or Hong Kong because they are open to new ideas and new businesses
full member
Activity: 151
Merit: 100
singapore i think

Why ... Any reasons?
I don't think Singapore has a big dent in Bitcoin at the moment, though, I could be wrong as I'm basing my opinions on recent even geographical.

ITBIT is located in Singapore. And it is being regulated by MAS (Singapore Central bank). There is no fear ITBIT will turn Gox.
hero member
Activity: 644
Merit: 500
P2P The Planet!
New York
newbie
Activity: 38
Merit: 0
singapore i think

Why ... Any reasons?
I don't think Singapore has a big dent in Bitcoin at the moment, though, I could be wrong as I'm basing my opinions on recent even geographical.
sr. member
Activity: 252
Merit: 250
I don't think BTC will ever have a center. At least it shouldn't to keep it decentralized.  The greater the bitcoin adoption the more governments will be interested in centralization and regulation.
legendary
Activity: 1512
Merit: 1218
Change is in your hands
singapore i think
legendary
Activity: 3374
Merit: 1824
I guess There will be a city fully support crypto currency industry in a not far future.

The definition of city of crypto :
I. Any decentralized crypto currency is legal tender and tax free, let the free market decide which crypto will be the mainstream  
II. Crypto companies have rights to keep customers profile secret  
III. Gov guarantee will not interfere crypto currency industry


Obviously , New york isn't suit for that title.
I have some candidates :

1. Tokyo , though mtgox is in Tokyo but it seems japan still is very tolerant to crypto .

2. Hong kong , HK gov think there's no need to regulate Bitcoin if it does not pose a threat to the financial stability of HK .

3. Singapore ,  Bitcoin transactions may be treated as a barter exchange if it is used as a payment method for real goods and services in Singapore/

4. Los angles , California gov  have signed a bill legalizing Bitcoin , but not sure about the future .

5. Copenhagen , the Denmark top tax authority declared that personal profits and losses from Bitcoin trading would not be taxed

6.  Toronto , Toronto has many Bitcoin ATMs and lots of merchant stores accept Bitcoin  ( williamj2543 )

7. Offshore tax free country  , offshore countries will always be the heaven of crypto

So ..any thoughts ?

 
Ref : https://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country

Very good list of possible candidates Smiley
Personally, because already so many financial institutes like World Bank or other- UN, are already located in USA, i would like to see future center of crypto currency  outside of USA, maybe Japan or Denmark.
Still, I'm not sure that this will ever happen because of the nature of Bitcoin, with decentralization as main characteristic but we will see soon, i guess Smiley
staff
Activity: 3332
Merit: 4117
I don't think many people understand what the philosophy of Bitcoin is, it's Decentralized meaning there should be no center of Bitcoin and Bitcoin should be used in many different countries and cities. Stop trying to make Bitcoin something which it isn't.
newbie
Activity: 28
Merit: 0
London has more billionaires than any city

But I still say Amsterdam

Legal dope and legal hos

Eventually though BTC will be centered out of CAYMAN ISLANDS

It's where mega wealth is stored today

Some major domain name players there now

Even Mitt Romney has his minor amount of millionaires stored there

The narco money is there

Lots of tech dough there

Only country left I believe with no extradition to USA

So Cayman Islands not a city but a country will be downtown btc soon

I've seen a few projects recently all purposing BTC BANKS chartered out of CI

So a CI bank will soon be how you buy and sell btc and an exchange and a credit card and whatever

CI is coming to btc soon
DrG
legendary
Activity: 2086
Merit: 1035
I have a sense New York will eventually find a way to be that


Please.  NY is so anti BTC that now BTC Guild may shut down due to the possibility of their overreaching regulation getting passed.  After all can't have capital fleeing from Wall Street crooks  Cheesy
legendary
Activity: 1067
Merit: 1000
Moscow. Putin should support bitcoin to by pass USD.
newbie
Activity: 38
Merit: 0
California and Tokyo high contenders
Tier 1 countries always have the advantage reason being I chose California
legendary
Activity: 4424
Merit: 4794
there will be no center.

keep it decentralized guys where every town is bitcoin friendly, why are people so obsessed with making bitcoin concentration camps.. it truly bewilders me

seems most would rather sit in basements and then run to a concentration camp, rather than write a letter or mail to their local politician to become bitcoin friendly..
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