I don't want the responsibility of the fund, im only saying ill do the construction side of things.

and yeah its volatile, bitcoin could plummet any day, it could explode and quadriple in price at any moment too im not speculating on the price of bitcoin but essentially if you have bitcoin backed by something solid , it will always have a value.

the only reason the USD or the AUD is worth anything is because for one its backed by the governments ( was backed by gold and silver once upon a time) and its widely accepted. I mean theres alot of factors in play, people starting to realise the gorvenment can just print money whenever it feels like (the government indirectly does this through the reserve bank) .

IF they start backing paper with gold or silver again then i gaurantee the bitcoin price will drop if even a little.

but back to the project, there are a number of ways to ensure the longevity of the city. To maintain the presence of the bitcoin, you could invite bitcoin related companies/enterprises  to operate there , create something you can't have in an established city, even if its abandoned but to be honest the only abandoned cities you're going to find are pre 21st century towns in the center of nowhere, it wouldnt really save you an awful lot of money because you still have to add infrastructure, modern sewage processing, storm water pits/piping, electricity generation/connection ,etc .

Then theres the dilemma of internet. buildings are cheap, its what makes a building habitable that actually costs money.

i can tell you now if you refit an old town its going to cost you alot more unless you are incredibly lucky and find a place that has everything already in place and its merely cosmetic work required.



Some of you may be wondering where the money will come from? ( aka bitcoin) but let me pick your brain for a moment here , if you had enough companies interested in the venture, for example you get a few bitcoin exchanges and a bunch of other companies heavily reliant on bitcoin onboard and you offer a building, office or even a warehouse in return for a pledge of bitcoin with cost price construction and rent/lease thereafter or constructing for them and selling it to them whatever is more viable for that company . The bitcoin city will be in their best interest as it will strengthen the bitcoins demand and flow, giving those companies a greater foothold in the industry . it will no longer be about speculating and "hoping" the bitcoin prices go up and stay strong, its about taking a big step in driving bitcoin.

With a bit of crowd-funding  ontop of that and other sources whatever they may be, this could happen.

It shouldn't end there though, i would like to see community owned fabrications and factories. Reliable and renewable energies, construction materials and things that could be produced in excess for export, offering them to others out of the city where we only accept bitcoin.

 there would have to be a bit of picking in regards to this, possibly a cheaper price for the goods or rather a competitive price to offer incentive but to compensate and grow, i would suggest a deal with one or more bitcoin exchanges to oversee the conversion of bitcoin and fiat currency for the exports, wether the people or companies convert to bitcoin then buy or rather pay a fiat amount that we in turn convert to bitcoin through the nominated exchange with special rates and commisions whichever way it goes.


its a community effort, there is no way in hell i could do any of this on my own . it would take a miracle but with the ever-growing bitcoin aware populace  this could become reality.