The economy of Bitcoin has grown from nothing to over EC$ 16 billion in a matter of 5 years. Our voluntary community is now over 5 million people, spread throughout every country in the world. Every day new economic barriers are broken down, as diverse and talented people curiously spend 30 seconds opening a free bitcoin wallet online or downloading a wallet app. The Commonwealth nations of Jersey and Isle of Man are finally recognizing our achievements, and Singapore is investing in a Bitcoin future. In the past year, our fellow Bitcoin businesses have received over EC$700 million in investment from excited venture capitalists from every financial center from New York, to Hong Kong.
We have a lot to celebrate, and new found wealth to spend but, in our excitement at solving fundamental problems in accounting and finance, we have been focusing more on innovation than on reaching the people.
The time has come to reach out and invite the people of the world to participate in this new, open economy. We would like to start by inviting the Dominican people to the official Bitcoin Pi Day party. This is a math joke, and a perfectly good time to throw a party celebrating free software. Next March 14th at 9:26am (3.14.15 9:26) we will be sending every person in Dominica with any type of cell phone an invite.
letthebitdrop.com The text message invite is your token to receive EC$26 worth of bitcoin to spend on the day of the party. Consider this a gift from your internet neighbors, and join us eating, drinking, and getting down to the music of freedom. Everyone there will accept bitcoin, so just come and have fun.
We’ll be working with local groups and businesses in the coming months, so those among you who already know Bitcoin will have lots of support. Our goal is to have enough local businesses to agree to accept bitcoin that we can supply everything that The Bit Drop needs. Drinks, food, music, performing artists, whatever makes a good party. We’re going to talk to people and see what we can do together. Believe me, bitcoiners will fly from all over the world to listen to music, drink Kubuli beer, and eat delicious Caribbean food.
This all sounds like good fun, and it is. Dominic is The Nature Isle. Tropical beauty, bubbly beaches, hot springs, fresh mangos, plentiful and glorious marine life like sperm whales. True, some other islands have some of those things. I am from Panama, and we have lovely beaches, particularly on the Caribbean side. Panama City is also a maze of beautiful towers and displays of financial success.
Another reason for Dominica is that we want to show off Bitcoin’s ability to provide a solid economic boost. This application that some people thought would be a toy now runs an economy larger than dozens of countries, including Dominica. We have not yet consulted professional economists, but it is not unreasonable to estimate that The Bit Drop could stimulate Dominica’s economy by EC$8 million or around 0.5% of Dominica’s total yearly Gross Domestic Product. This is the message we want to send to the world. Bitcoin can provide economic opportunities in your community.
We will one day soon throw a party like even Panama has never seen. We’ll throw a party in Jamaica, Antigua, Barbados, and around the Caribbean and Latin America, and the world. We won’t stop until all people know the power they have over their own finances. No more going to town to send money. No more waiting days or paying 15% to receive your money. No bank bail ins or outs. With Bitcoin, all you need is any phone, and sending money can be practically free.
This early invite to the bitcoin economy is redeemable any time. Simply go to
coinapult.com and sign up using your email address, or download the blockchain wallet for your phone. There is no rush. You have 6 months to research, and decide if you want to try this new technology. We do hope to see you next March 14th, as we celebrate the new found empowerment of every last human.
See you when The Bit Drops,
Ira Miller
