Quote from: lphelps on March 09, 2014, 06:04:29 PM

Quote from: GuinnessBIT on March 09, 2014, 05:46:55 PM

Bitcoin is proven, and works.

Couldn't the team accomplish the same goal by taking up a collection, and doing a bitcoin "drop"?

The trust issue would still be at least the same, but they would be on a proven platform. Or they could use an escrow service (although I understand they prefer not to)

Thoughts?

and what would you believe would be the amount of BTC per citizen of Iceland should get? It sure as hell wouldn't be the 31.8 AUR that the dev is claiming to release to each citizen. That would be like giving $18K USD per citizen. That would be like $190 billion in USD valued in BTC given to the Icelandic citizens..

I imagine that would spur a immigration spike to those wanting to move to Iceland for some serious money...

With AUR, if the price was driven up to about .135 BTC, times 31.8, that would be about $2700 in BTC at the current exchange rate.. They could either cash it in for fiat or exchange their AUR for BTC and hold onto them..

>and what would you believe would be the amount of BTC per citizen of Iceland should get?

I am not proposing anything. I am just asking if this could be accomplished with BTC which I have seen to be a liquid, existing crypto currency.

However, if it were a collection in BTC for the people of Iceland, the amount per citizen would be: the total donated, divided by the # of people.

I personally think this is a laudable goal. I would also personally donate BTC to this cause but have some questions about developing a new currency for this cause or each cause like this. People will ultimately have to assign a value to currency in the marketplace.