On the official bitcoin forum - bitcointalk - the idea of a community buying up one of the micro-states or islands and setting up a new state with bitcoin as the official currency was born. Although this idea seems absurd it is not impossible. There are many islands for sale and there are quite a few serious offers. The cost of such an island in comparison to bitcoin market capitalization at the moment does not seem too high either. There are already many micro states in the world. The main purpose of the project would be to promote bitcoin around the world and to raise the profile and trust of the virtual currency. Additional benefits include potentially favorable tax and trade laws. This is all just an idea, but a very interesting and original one. If bitcoin achieves spectacular global success in the future (the chances for this grow exponentially every day), this type of idea will have a chance of success. For now it is just a fantasy which illustrates the potential and possibilities of bitcoin. Tags bitcoin country country island
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