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LegendaryActivity: 1708Merit: 1005nmc:id/phelix Paying a Small Country to Make Bitcoin an ADITIONAL Official Currency April 23, 2013, 01:05:29 PM

Last edit: June 30, 2014, 08:00:07 AM by phelix #1



http://geography.about.com/cs/countries/a/smallcountries.htm



There are recognized countries that have only 13,000 - 50,000 citizens. Imagine we can gather 1BTC from each of 100,000 Bitcoin believers. That would be quite some money for a small country that does not happen to be tax haven.



In Germany Bitcoin is already treated like a foreign currency but it might still make things more certain. Also there might be benefits from such an action for the status of Bitcoin in other countries. It would sure make it more difficult to ban.



What do you say?





edited for brevity/clarity



edit: The main purpose of this project would be to make Bitcoin an official currency so that there is a higher legal certainty in OTHER countries. Also it might be more difficult to prohibit a foreign currency.

It is not necessary that anybody in the small country actually uses Bitcoin.



edit2: This has nothing to do with anybody inside or outside the country actually using Bitcoin for anything. Of course the country would simply use their legacy money for everything just like before. But they could announce for example they would accept Bitcoin for paying taxes but it costs an extremely high fee. ...to improve legal status world wide.There are recognized countries that have only 13,000 - 50,000 citizens. Imagine we can gather 1BTC from each of 100,000 Bitcoin believers. That would be quite some money for a small country that does not happen to be tax haven.In Germany Bitcoin is already treated like a foreign currency but it might still make things more certain. Also there might be benefits from such an action for the status of Bitcoin in other countries. It would sure make it more difficult to ban.What do you say?edited for brevity/clarityedit: The main purpose of this project would be to make Bitcoin an official currency so that there is a higher legal certainty in OTHER countries. Also it might be more difficult to prohibit a foreign currency.It is not necessary that anybody in the small country actually uses Bitcoin.edit2:But they could announce for example they would accept Bitcoin for paying taxes but it costs an extremely high fee. blockchained.com ■ bitcointalk top posts ■ bitcointalk top posts