Apa khabar neighbour! I think its a GREAT IDEA! But I'm not too sure about the entire island, you will need your government to support for sure, but you can start small first, and if it's gonna take off, it's gonna take off, if not, well, at least you tried! How's the bitcoin scene in Indonesia? We have our first Bitcoin ATMs in Malaysia a month ago, one in Bangsar, KL and one in Penang, with more to come. I think bitcoin will be big this part of the world too. But we really need all the other SEA countries to be on board as well. Hopefully when adoption has grown big enough with its infrastructures in place bitcoin will be accepted as legal tender.
Hi Neighbour !
Thats why I am thinking maybe we will start it from Gili Island first (bali islands) and convert it totally before do it in other island. It's remote island where almost no local bank ATM and people find it very difficult to withdraw money there.
Actually I am coming to Malaysia last month for small Bitcoin Conference in Kuala Lumpur. I meet with Numoni CEO (the one who setup ATM in Malaysia) and some local Bitcoiners in KL.
Do you in KL ?
@bryant.coleman
The tax regulator said they will not come out with regulation yet since it consider small transaction ( our daily transaction only about $10k-$20k )