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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Liberland Chooses Bitcoin as National Currency

NewsBTC
NewsBTC
4 years ago
2 mins read

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Created by industry experts and meticulously reviewed
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Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Liberland is the newest European country. Liberland came into existence due to a border dispute between Croatia and Serbia. This area along the west bank of the Danube river is not claimed by Croatia, Serbia or any other country. It was therefore terra nullius, a no man’s land, until Vít Jedlička seized the opportunity and on 13 April 2015 formed a new state in this territory. Vit Jedlicka, settled the country on this territory and has established Bitcoin as the national currency.liberland_article_1_NewsBTC

The state already has its own national flag, coat of arms, and official website and Wikipedia page. The new government form of Liberland will be a republican type of direct democracy where all the citizens have a direct participation and are allowed to propose new rules to be voted by the community.

It is not the  first time Bitcoin or some other cryptocurrency has become the official currency of a separate territory. For example, it has already happened in Lonseston, Australia. Lonseston planned to build the world’s largest local Bitcoin-based economy in the city, with support from local businesses and even government. The project team and supporters thought that Launceston would make a good high-density testing ground for Bitcoin.

The official acceptance of Bitcoin will not only allow the new country to avoid spending money on launching of state typography, but will also will prevent a lot of funds being spent in designing and producing the banknotes and protection means.

Even if Liberland does not come to succeed, it will most certainly deliver a major contribution to the practical understanding of Bitcoin and blockchain technology. Besides this, and in case it succeeds, the new European country will surely become the holy ground for Bitcoin enthusiasts.

All interested in becoming Liberland citizens can visit the country’s homepage to retrieve the requested information.

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Comments 13

  1. Ardalan says:
    10 years ago

    Hello ,allow me

    Reply
    • cohagen says:
      10 years ago

      “Hi there friends . Our country is a new establishment . Many people are asking me for citizenship. Our country is so small only 3.000-4.000 people accepted. We are expanding to fill the Danube. Please; Syrian, Kurds, Arabs, Russians and Chinese are not write me. Because we will not accept them.” Direct quote from the liberland Prez himself taken from the official liberland site. You sure you wanna part of a nationalist hate group?

      Reply
      • inpips says:
        10 years ago

        “hate group”??? stop talking BS

        Reply
        • cohagen says:
          10 years ago

          Taken directly from the official website, lots of the forum members seem to hate turks with extreme predjudice. Too bad.

          Reply
  2. cohagen says:
    10 years ago

    This won’t fly. Seems all of you forgot the indie nation in Japan about a dozen Japanese loons founded. BTC is there national money to. Spending money printing money isn’t the problem, civics, infrastructer, schools,basic reasources like electricity, internet, water ect… oh yeah a fair government and taxation too fund/maintain the country ect…This ship sunk before it left the harbor LMFAO!!!!!!!!!!

    Reply
  3. cohagen says:
    10 years ago

    “Hi there friends . Our country is a new establishment . Many people are asking me for citizenship. Our country is so small only 3.000-4.000 people accepted. We are expanding to fill the Danube. Please; Syrian, Kurds, Arabs, Russians and Chinese are not write me. Because we will not accept them.” Direct quote from the liberland Prez himself taken from the official liberland site. So it’s not liberial and live and let live after all a fresh new country instantly founded on hate and racism. Bravo! There forum discussions about taxes and basic infrastructure are comedy gold!

    Reply
    • inpips says:
      10 years ago

      what do you mean by “liberial”

      Reply
      • cohagen says:
        10 years ago

        Look it up you lazy distick.

        Reply
  4. thirdalbum says:
    10 years ago

    Terrible reporting. The city in Australia is spelt Launceston, and Bitcoin is not an “official currency” there or anywhere else in Australia.

    Reply
    • cohagen says:
      10 years ago

      What do you expect from bitcoiners? Fact checking? Surely you jest good sir!

      Reply
  5. Gizfreak says:
    10 years ago

    I’m very happy to see this kind of initiative and it can become a rolemodel for countries looking for independancy, if Liberland would focus on things like solar, wind and water energy. That would mean real independancy. Bitcoin as a national currency is a good start imo

    Reply
    • cohagen says:
      10 years ago

      It will be quickly annexed by one of it’s bigger stronger militarized neighbors and it’s prez shot like a dog in the streets. An island would have been a better choice to launch this idea.

      Reply
  6. Anita says:
    9 years ago

    “After being told, By Mayo Clinic, that I had just 6-12 months to live, we sought a second opinion. MD Anderson pretty much concurred but I was experiencing no active symptoms, so refused treatment early on. We engaged in thorough research on medical marijuana and discovered **E-mail: (marijuana.network420@gmail.com) or **SKYPE: (medical fourtwenty) Online who offered us the most Reliable, Pure source of Cannabis oil. Today I am Cancer FREE!!. I made a wise decision.”

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 13

  1. Ardalan says:
    10 years ago

    Hello ,allow me

    Reply
    • cohagen says:
      10 years ago

      “Hi there friends . Our country is a new establishment . Many people are asking me for citizenship. Our country is so small only 3.000-4.000 people accepted. We are expanding to fill the Danube. Please; Syrian, Kurds, Arabs, Russians and Chinese are not write me. Because we will not accept them.” Direct quote from the liberland Prez himself taken from the official liberland site. You sure you wanna part of a nationalist hate group?

      Reply
      • inpips says:
        10 years ago

        “hate group”??? stop talking BS

        Reply
        • cohagen says:
          10 years ago

          Taken directly from the official website, lots of the forum members seem to hate turks with extreme predjudice. Too bad.

          Reply
  2. cohagen says:
    10 years ago

    This won’t fly. Seems all of you forgot the indie nation in Japan about a dozen Japanese loons founded. BTC is there national money to. Spending money printing money isn’t the problem, civics, infrastructer, schools,basic reasources like electricity, internet, water ect… oh yeah a fair government and taxation too fund/maintain the country ect…This ship sunk before it left the harbor LMFAO!!!!!!!!!!

    Reply
  3. cohagen says:
    10 years ago

    “Hi there friends . Our country is a new establishment . Many people are asking me for citizenship. Our country is so small only 3.000-4.000 people accepted. We are expanding to fill the Danube. Please; Syrian, Kurds, Arabs, Russians and Chinese are not write me. Because we will not accept them.” Direct quote from the liberland Prez himself taken from the official liberland site. So it’s not liberial and live and let live after all a fresh new country instantly founded on hate and racism. Bravo! There forum discussions about taxes and basic infrastructure are comedy gold!

    Reply
    • inpips says:
      10 years ago

      what do you mean by “liberial”

      Reply
      • cohagen says:
        10 years ago

        Look it up you lazy distick.

        Reply
  4. thirdalbum says:
    10 years ago

    Terrible reporting. The city in Australia is spelt Launceston, and Bitcoin is not an “official currency” there or anywhere else in Australia.

    Reply
    • cohagen says:
      10 years ago

      What do you expect from bitcoiners? Fact checking? Surely you jest good sir!

      Reply
  5. Gizfreak says:
    10 years ago

    I’m very happy to see this kind of initiative and it can become a rolemodel for countries looking for independancy, if Liberland would focus on things like solar, wind and water energy. That would mean real independancy. Bitcoin as a national currency is a good start imo

    Reply
    • cohagen says:
      10 years ago

      It will be quickly annexed by one of it’s bigger stronger militarized neighbors and it’s prez shot like a dog in the streets. An island would have been a better choice to launch this idea.

      Reply
  6. Anita says:
    9 years ago

    “After being told, By Mayo Clinic, that I had just 6-12 months to live, we sought a second opinion. MD Anderson pretty much concurred but I was experiencing no active symptoms, so refused treatment early on. We engaged in thorough research on medical marijuana and discovered **E-mail: (marijuana.network420@gmail.com) or **SKYPE: (medical fourtwenty) Online who offered us the most Reliable, Pure source of Cannabis oil. Today I am Cancer FREE!!. I made a wise decision.”

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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