Why did Liberland chose Bitcoins? - page 2.

jayce

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Quote from: greBit on July 04, 2015, 04:39:08 AM

Your description of post answers your questions itself. They chose bitcoin because they were bitcoin fanatics, they chose bitcoin because it wouldn't affect their economy as their economy is small (affect in case of price change) and they are a micro nation. I appreciate their love for bitcoin and it would great to see bigger countries slowly adopt bitcoin too. FUCK DA CENTRALIZED SYSTEM!

I think they are not building a country, but it just a community of bitcoin fanatics. Its hard for big countries to adopt bitcoin, which the government only legalized it. They still prefer to fiat than bitcoin as the currency, because like you said, its centralized system, so they have full control on fiat. In bitcoin, the government can't do anything to control it.

greBit

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Your description of post answers your questions itself. They chose bitcoin because they were bitcoin fanatics, they chose bitcoin because it wouldn't affect their economy as their economy is small (affect in case of price change) and they are a micro nation. I appreciate their love for bitcoin and it would great to see bigger countries slowly adopt bitcoin too. FUCK DA CENTRALIZED SYSTEM!

HarHarHar9965

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Quote from: Amph on July 04, 2015, 02:02:52 AM

Quote from: greBit on July 03, 2015, 12:49:23 PM

Quote from: Miracal on July 03, 2015, 12:16:43 PM

Quote from: Amph on July 03, 2015, 11:37:10 AM

it make sense for them to choose something new that is decentralized, as a currency and not corrupted fiat money that are owned by another authority, since they nation is called "Liberland"

being a micro country, I think it is good to have a currency which is decentralized. having bitcoin as their currency would help them citizens save money from those greedy banksters who charge shit load of money in the name of transaction fees and all that. Btc is going to grow and I am happy about this. Satoshi as PM, hahaha

Yeah yeah its all cool to have bitcoin as your currency until its insanely crazy price fluctuations screw thing up for the whole nation. It might make sense for them as they are just a micro country but for a huge nation like china or India, fluctuation of huge amount might end and destroy lives of so many. THis shit matters, y'know.

well you can fight instability and volatility only with adoption, but if no one want to start to adopt bitcoin, then we are in a blind spot...

so ironically if a great power like china america will start to use bitcoin to a great extent, the volatility will be reduced greatly

Yes, but we all know the chances of such an event happening is relatively less for now. US and China have been competing with each other regarding currency. US dollar is a global currency at the moment and China wants to replace it and get that authority and power but it is not possible for them at the moment regardless how powerful their currency is, because people have already adopted the dollar currency so well. They don't want change Sad

education is required regarding bitcoins to the masses, I feel.

Amph

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Quote from: greBit on July 03, 2015, 12:49:23 PM

Quote from: Miracal on July 03, 2015, 12:16:43 PM

Quote from: Amph on July 03, 2015, 11:37:10 AM

it make sense for them to choose something new that is decentralized, as a currency and not corrupted fiat money that are owned by another authority, since they nation is called "Liberland"

being a micro country, I think it is good to have a currency which is decentralized. having bitcoin as their currency would help them citizens save money from those greedy banksters who charge shit load of money in the name of transaction fees and all that. Btc is going to grow and I am happy about this. Satoshi as PM, hahaha

Yeah yeah its all cool to have bitcoin as your currency until its insanely crazy price fluctuations screw thing up for the whole nation. It might make sense for them as they are just a micro country but for a huge nation like china or India, fluctuation of huge amount might end and destroy lives of so many. THis shit matters, y'know.

well you can fight instability and volatility only with adoption, but if no one want to start to adopt bitcoin, then we are in a blind spot...

so ironically if a great power like china america will start to use bitcoin to a great extent, the volatility will be reduced greatly

jayce

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Well the Liberland president Vít Jedlička has been arrested by Croatian police for illegally crossing the border of the Republic of Croatia outside border crossing. It's maybe a good news to us which a "country" accept bitcoin as the nation currency. If you are interested to be a citizen in Liberland, then you can register here https://liberland.org/en/request/

Mehek

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Quote from: GiocareHost on July 04, 2015, 12:03:21 AM

Quote from: Miracal on July 03, 2015, 12:16:43 PM

Quote from: Amph on July 03, 2015, 11:37:10 AM

it make sense for them to choose something new that is decentralized, as a currency and not corrupted fiat money that are owned by another authority, since they nation is called "Liberland"

being a micro country, I think it is good to have a currency which is decentralized. having bitcoin as their currency would help them citizens save money from those greedy banksters who charge shit load of money in the name of transaction fees and all that. Btc is going to grow and I am happy about this. Satoshi as PM, hahaha

I don't think Liberland has any Bank,it is small country with only 7 members! And occupies only 3 sq mi
This micronation was created by some members of a Czech political party and they were Bitcoin enthusiast.

haha, I don't know about members but it is only 7 squares meter. This is what wikipedia says about them: 'The free nation of Liberland is a self proclaiming micro nation claiming a parcel of land on the western bank of the Danube river between Croatia and Serbia, sharing a land border with the former. It was proclaimed on 13 April 2015 by Czech libertarian politician and activist Vít Jedlička'. I am glad the activists were bitcoin enthusiasts Wink

GiocareHost

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Quote from: Miracal on July 03, 2015, 12:16:43 PM

Quote from: Amph on July 03, 2015, 11:37:10 AM

it make sense for them to choose something new that is decentralized, as a currency and not corrupted fiat money that are owned by another authority, since they nation is called "Liberland"

being a micro country, I think it is good to have a currency which is decentralized. having bitcoin as their currency would help them citizens save money from those greedy banksters who charge shit load of money in the name of transaction fees and all that. Btc is going to grow and I am happy about this. Satoshi as PM, hahaha

I don't think Liberland has any Bank,it is small country with only 7 members! And occupies only 3 sq mi
This micronation was created by some members of a Czech political party and they were Bitcoin enthusiast.

HigsonPP

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Quote from: greBit on July 03, 2015, 12:49:23 PM

Quote from: Miracal on July 03, 2015, 12:16:43 PM

Quote from: Amph on July 03, 2015, 11:37:10 AM

it make sense for them to choose something new that is decentralized, as a currency and not corrupted fiat money that are owned by another authority, since they nation is called "Liberland"

being a micro country, I think it is good to have a currency which is decentralized. having bitcoin as their currency would help them citizens save money from those greedy banksters who charge shit load of money in the name of transaction fees and all that. Btc is going to grow and I am happy about this. Satoshi as PM, hahaha

Yeah yeah its all cool to have bitcoin as your currency until its insanely crazy price fluctuations screw thing up for the whole nation. It might make sense for them as they are just a micro country but for a huge nation like china or India, fluctuation of huge amount might end and destroy lives of so many. THis shit matters, y'know.

Yeah, I do understand that heavy price changes can really screw things up for a huge country or a continent. I think it is wise for this country as it is really small in size. And if Satoshi does become Prime minister, it'd be fucking awesome lol

greBit

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Quote from: Miracal on July 03, 2015, 12:16:43 PM

Quote from: Amph on July 03, 2015, 11:37:10 AM

it make sense for them to choose something new that is decentralized, as a currency and not corrupted fiat money that are owned by another authority, since they nation is called "Liberland"

being a micro country, I think it is good to have a currency which is decentralized. having bitcoin as their currency would help them citizens save money from those greedy banksters who charge shit load of money in the name of transaction fees and all that. Btc is going to grow and I am happy about this. Satoshi as PM, hahaha

Yeah yeah its all cool to have bitcoin as your currency until its insanely crazy price fluctuations screw thing up for the whole nation. It might make sense for them as they are just a micro country but for a huge nation like china or India, fluctuation of huge amount might end and destroy lives of so many. THis shit matters, y'know.

Miracal

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Quote from: Amph on July 03, 2015, 11:37:10 AM

it make sense for them to choose something new that is decentralized, as a currency and not corrupted fiat money that are owned by another authority, since they nation is called "Liberland"

being a micro country, I think it is good to have a currency which is decentralized. having bitcoin as their currency would help them citizens save money from those greedy banksters who charge shit load of money in the name of transaction fees and all that. Btc is going to grow and I am happy about this. Satoshi as PM, hahaha

Amph

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it make sense for them to choose something new that is decentralized, as a currency and not corrupted fiat money that are owned by another authority, since they nation is called "Liberland"

HarHarHar9965

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Quote from: stallion on July 03, 2015, 11:08:16 AM

Quote from: Kumala on July 03, 2015, 10:04:24 AM

Lol! I don't agree that the euro would've been a better option given the current situation.

If they were to choose the euro or us dollar, then they would be at the whim of their respective central banks. The european central bank could print lots of euro and crash the euros price, in essence they would be under their control if they did that. The only way a nation like liberland could remain free would need to have its own currency or use one that isn't issued by a central authority.

Euro is complete shit and that has been proved on a national level. The US dollar is already controlled by a central authority and using centralized currency would get them to stay on a leash. Bitcoin as a national currency could be the best possible decision but Satoshi as prime minister is a rumor hahaha.

Despite the eurozone scandal, I wouldn't call it complete shit, but yes it is barely nothing in comparison of bitcoin. As the country is small in size, it is wise for them to choose the bitcoin currency. The adoption and trade in market also increase due to this. ALTHOUGH, Satoshi as Prime minister? HAHAHAHA. Oh god, where do you guys all this kind of fake rumors?!

stallion

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Quote from: Kumala on July 03, 2015, 10:04:24 AM

Lol! I don't agree that the euro would've been a better option given the current situation.

If they were to choose the euro or us dollar, then they would be at the whim of their respective central banks. The european central bank could print lots of euro and crash the euros price, in essence they would be under their control if they did that. The only way a nation like liberland could remain free would need to have its own currency or use one that isn't issued by a central authority.

Euro is complete shit and that has been proved on a national level. The US dollar is already controlled by a central authority and using centralized currency would get them to stay on a leash. Bitcoin as a national currency could be the best possible decision but Satoshi as prime minister is a rumor hahaha.

Kumala

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Lol! I don't agree that the euro would've been a better option given the current situation.

If they were to choose the euro or us dollar, then they would be at the whim of their respective central banks. The european central bank could print lots of euro and crash the euros price, in essence they would be under their control if they did that. The only way a nation like liberland could remain free would need to have its own currency or use one that isn't issued by a central authority.

GiocareHost

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Why liberland chose Bitcoins as there national currency?
Liberland is a micro-nation that got established this year in April.
They had better options(Euro,dollars) but why bitcoins?
Are they trying to prove something?
P.S There have been rumors saying"Satoshi Nakamoto will be declared as the PM of liberland" Cheesy

Topic: Why did Liberland chose Bitcoins? - page 2. (Read 1820 times)