Quote from: Dorrace on June 10, 2014, 12:52:21 PM

Quote from: turvarya on June 10, 2014, 09:43:51 AM

Quote from: Dorrace on June 10, 2014, 08:21:05 AM

I haven't posted on here for a while , but I'm wondering how many of you bitcoin users are in technical trades in the construction industry?

I'm studying to be a licensed builder in New South Wales , Australia .
I've been thinking of , a experimental bitcoin city if you will call it that. I'm sure there are places and people who have already tried this but every state should have a city built on bitcoin , reason being is that it's very difficult changing existing protocols and habits in a developed city.

If we started from the ground up with bitcoin as the underlying currency and foundation of the startup city I think this will make it much easier to transition into the larger populace.

To start with a large fund will have to be started and I'm talking in the millions, there would need to be a self sufficiency to the city , a green city.
- green energy (wind farms perhaps) and the possibility of selling that energy to the grid
- agriculture , cattle , etc
- people with trade backgrounds willing to accept bitcoin as a form of payment
- to simplify trade , I would suggest paper wallets of pre set denominations for regular purchases, even pre paid accounts with businesses

I'm going to continue listing things I'm busy at the moment but please add your own ideas and such

So, I give a merchant a paper wallet and when I leave the shop I just, send my BTC from the paper wallet to another adress, since I can just save the address of the paper wallet on my phone.
Yeah, Sounds great ...

no i wasnt clear on that bit, i meant more or less having a bank that oversees the process , imagine going to a "bank" and essentially depositing bitcoin in return for "notes" that are sealed in pre determined denominations that you can trade with. until someone comes out with an instant transaction process for bitcoin i believe that is essentially the quickest method of transacting in store. imean sure theres otherways but this is the whole point, its an experiment to test theories and method out before they are rolled out because the pioneers are the ones who take the risk but often are rewarded the most. if you did this stuff in the cities and itbackfires or fucks up i gaurantee it will be a huge blow to the bitcoin price. you want to show a city that runs on bitcoin and only bitcoin.

as for taxes, as far as im aware , you can only betaxed on the dollar. and capital gains but it all depends on how you interpret bitcoin

Transactions are instant, like many People who actually use Bitcoins(like this guy with the Bar in Berlin) stated in here before. Just the 8 confirmations may take some time.
Also, if you make "notes", you always have the Problem about counterfeiting, which Bitcoins prevent