Opinion: I can think of many use cases for crypto but people aren't going to use something which isn't BOTH easier and more convenient than existing options unless the tangible advantages are immediate. Posted: 03 May 2020 12:09 PM PDT |
How to save 30% off your next DJI Mavic Pro 2 Drone Purchase using Bitcoin Cash Posted: 03 May 2020 08:03 AM PDT |
I just released a short album of experimental music. (rock/electronic) If you send at least a dollar's worth of Bitcoin Cash to the BCH address on screen and message me the transaction ID, and I'll send you a download link =) Posted: 03 May 2020 01:26 PM PDT |
Is it better to invest in bch rather than btc? Posted: 02 May 2020 11:36 PM PDT |
An Island Nation with crypto as the currency and legalized drugs Posted: 03 May 2020 06:09 AM PDT Hello all, I am here with my plan for my subreddit Reddit Nation If you are interested in joining a (hopefully) newly formed island nation then this is the place to be. 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
- 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 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 for this plan More information to come soon, thank you. submitted by /u/OGKebabEater [link] [comments] |
Weekly Crypto News Roundup - 27th of April - 2nd of May Posted: 03 May 2020 02:41 AM PDT |
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