| Daily Ripple/XRP Discussion Thread 04/06/20 [Join Our Discord] invite link: discord.gg/7Bv2rYf Posted: 05 Apr 2020 09:04 PM PDT Hello! It's Monday. Welcome to our daily discussion thread. You can discuss anything related to Ripple and XRP here. Before posting, read the r/Ripple rules on the sidebar and also check out the thread containing helpful links: https://redd.it/7l94ng If you see any rule-breaking content, please report by contacting the moderator team modmail We now have an official discord channel dedicated to r/Ripple: discord.gg/7Bv2rYf This channel is also used for r/XRP. While there are rules to follow, it will be a more relaxed environment where you can discuss anything related to Ripple and XRP. The channel is not affiliated with Ripple the company. submitted by /u/AutoModerator [link] [comments] |
| Central Bank of France Teases "Digital Euro" with Ethereum and Ripple Posted: 05 Apr 2020 03:02 PM PDT |
| An Island Nation with Ripple as the currency Posted: 05 Apr 2020 02:36 PM PDT Hello all, If you are interested in joining a (hopefully) newly formed island nation then this is the place to be. the subbreddit is reddit.com/r/theredditnation I have prepared a plan that explains how we will go about doing such a task. More detailed elaborations for each component of the plan will be given at request. Obviously the first question is where we would have our island. I have identified places of interest. One place of interest is the Nation of Belize. Belize is a small nation with a low GDP of 2 Billion and they are selling off most of their island. Islands with 50-100 acres can be acquired for around 500,000; give or take 50,000. From the people (Government Officials) I have contacted, they are perfectly okay with this plan. Now here is a 5 step proposal of how this will come to fruition (I will expand on how we will finance this) - Acquire the island
- Set up the initial infrastructure
- Form of Government that I propose is a constitutional monarchy (for now I will be the "king")
- Country will be run as a democracy (two chamber form of parliament)
- Noble titles such as Duke, Earl, Count, Lord, Baron etc will be sold off to help initially finance the island.
- Establishment of the Government Building
- For now this is where the government will convene until more infrastructure is added and the island is improved.
- People will be made citizens at this location
- Establishment of Civil Services
- Waste collection, Police, Social Services
- Establishment of a Port
- This will allow supplies to enter the island.
- This will allow for the island to participate with the rest of the world economically(I will expand on this later).
- The port will function as the entrance point and exit until the runway can be constructed.
- Establishment of Resident Housing
- This temporary housing will be until the island can be developed and more permanent buildings can be put up.
- Resident Housing and the Government building will be set up near the port until island development is completed
- Set up a massive solar powered crypto mining operation to help finance further development of the island
- A partnership with big mining companies can be brokered to have this set up
- Make the Island a desirable location
- Set up the island as a luxury city
- Free housing for citizens
- Free healthcare for citizens
- Free schooling and university for citizens
- Build resorts and legalize gambling on the island
- The revenue generated from such activities will help finance further development of the island
- With the revenue generated from this, the island will be able to provide for the residents a luxury city
- The gambling industry investments will help to finance the island as well
- Make the island a banking haven
- Set up a bank on the island
- No KYC laws will be enforced on the island
- This will attract forgien investment into the island
- Allow cryptocurrency companies to conduct business without oversight and for miners to set up large scale operations using solar powered energy
- No income tax,sales tax, capital gains tax or corporate on the island
- Commercial businesses such as casinos, resorts, and banks will just pay slightly inflated property taxes
- This will help attract a lot more forgien investment as well
- Will attract companies to set up offices here and thus bring jobs to the island.
- Expand on the island infrastructure
- Build an airport. The islands have enough space to accommodate runways for planes even up to jumbo jets
- Build more free luxury housing for residents
- Establish schools and universities
- Establish libraries
- Establish Museums
- Establish a healthcare system
- Enjoy the luxury haven of an Island that we have built
Now for the question of how much this island will cost and how we will get the funding According to my calculations (you can look at them below) it will cost us $2,600,000 - The Island itself
- The Port
- 200,000 to build
- This will benefit us later when we receive forgien investments
- 500,000 for 250 passenger ferry
- We will budget around 100,000 for operating costs
- Initial Buildings
- 1,000,000
- These buildings will be permanently built but occupied until the island is built and then will be sold off to recoup the investment.
- Buildings include
- Civil Services
- Around 50,000 to purchase initial equipment and medical supplies
- Another 100,000 to purchase ATVs
- Another 100,000 to purchase off roading vehicles
- Bitcoin mining operation
- We will get the money for the operation by partnering with a large company
- Water Purification
- Food Supply
- We will purchase MRE's and other preserved food products for the island
- An exact count of this cannot be made until we move further into the plan
- Further development of the island
- This will be financed by the forgien investments in regards to banking, gambling and tourism along with money raised from property taxes
Now in regards to how we will raise that sum - We will sell off noble titles (this is why we will set up a constitutional monarchy)
- While no price has been established yet, the titles for sale can include
- Duke, Duchess.
- Marquess, Marchioness.
- Earl, Countess.
- Viscount, Viscountess.
- Baron, Baroness.
- A small percentage of the island (less than 25%) will be earmarked for sale immediately. The part earmarked for sale will be part of the planned downtown district/capital and developers of this land will be allowed to build whatever structures they want and won't have the problem of jumping through hoops like zoning laws.
- On a 60 acre island, 15 acres would be marked for sale
- The acres on this haven of an island will be sold for 250,000 each so the island would raise 4.5 million and the sale of said acres will help kickstart the massive infrastructure of the island and provide the island with adequate funding.
- Once the island is set up, the island will continue to profit from digital activities which will allow it to not have to charge an income tax or corporate tax
- Digital activities include the solar powered bitcoin mining operation
- We will partner with an existing bitcoin company for this
- Solar powered web hosting
- People can become citizens for a fee of $10 which will mainly go to the printing of their ID and filing in the government archives but the island will profit a few dollars off of this
If you have made it this far, please join the subreddit More information to come soon, thank you. submitted by /u/OGKebabEater [link] [comments] |
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