Bitcoin Just Spiked Back Above $6000 As Catalan Considers Blockchain-Backed e-Residency Program | Zero Hedge
Description: It's 9am in San Francisco (and 5pm in Barcelona), so it's time to panic-buy some crypto-currency...
Keywords: Zero Hedge,Zerohedge,Finance,Economics,Markets,Politics,Analysis,Bitcoin,Estonia,Kazakhstan,Newspaper
Date: 2013-01-07T00:00:00Z

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# Bitcoin Just Spiked Back Above $6000 As Catalan Considers Blockchain-Backed e-Residency Program

by Tyler Durden
Oct 29, 2017 12:07 PM
0
SHARES

It's 9am in San Francisco (and 5pm in Barcelona), so it's time to panic-buy some crypto-currency...

Bitcoin just surged over $200, back over $6000.

And Ethereum is back above $300...

For now the catalyst is unclear. However, amid increasing tensions folowing Spain's impositin of Article 155, as CryptoCoinsNews.com reports, Catalonia, which is fighting for independence from Spain, is considering an e-residency program similar to the one in Estonia. Catalonia is also considering adopting its own digital token or cryptocurrency.

The Government of Catalonia, the Generalitat de Catalunya, has sent representatives to Estonia to learn about the e-residency program, which offers a government-issued digital identity card that provides a way to operate a location-independent business online.

Dani Marco, the director of SmartCatalonia, an official Catalan agency, said the Estonians built a model of economic development from scratch. Marco appears to be heading Catalonia’s e-residency initiative.

Catalonia continues to move forward with plans to create an economy separate from Spain, according to El Pais, Spain’s leading newspaper. Estonia’s e-residency program serves as Catalonia’s model and could emulate an Estonian proposal to issue national blockchain based tokens.

### E-Residency Benefits

El Pais reported that Catalonia is interested in Estonia’s e-residency program since the program has no borders. The e-residency program has attracted more than 20,000 entrepreneurs from 143 countries since 2014, including 336 from Spain.

El Pais further reported that Catalonia has the largest number of entrepreneurs and those working with virtual currencies in Spain.

### Vitalik Buterin Weighs In

Blockchain experts in Catalonia have sought help from Vitalik Buterin, Ethereum’s founder, according to El Pais. Vitalik advised the Catalonians to create an ICO to offer a currency that would work in tandem with the financing of a business project for the virtual residence program. The e-residency ecosystem could create an economic community independent of a central bank.

Estonia recently proposed “Estcoin,” a national cryptocurrency. If the country follows through on this plan, it would be the first national government to launch an ICO.

Kaspar Korjus, managing director for Estonia’s e-residency program, posted a Medium blog in August claiming Estonia could offer Estcoins to residents. The coins could be managed by the Republic of Estonia, but accessed by anyone through the e-residency program. The program would launch an ICO to offer the coins.

Korjus also said the ability to start a location independent company is the main factor driving the growth of the e-residency program.

image courtesy of CoinTelegraph

As CoinTelegraph reports, while the Blockchain residency program would be the first of its kind in Europe, perhaps the bigger news is that an independent Catalan government would likely not have a central bank, choosing a national cryptocurrency instead. With Russian and Kazakhstan already suggesting national cryptocurrencies, the move would not come as a huge surprise.

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## Comment viewing options

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E-Knight Oct 29, 2017 12:11 PM

Get it while the getting is good, but always have an exit plan (ie silver)

E-Knight E-Knight Oct 29, 2017 12:12 PM

That being said, the good times might be over soon, the market cap has really stagnated the last couple months.

Rusty Shorts E-Knight Oct 29, 2017 12:21 PM

BitCoin is the next ENRON, bitchez

tmosley Rusty Shorts Oct 29, 2017 12:23 PM

^---This is what peanutz ACTUALLY believe.

BaBaBouy tmosley Oct 29, 2017 12:24 PM

Bitcoinz isn't blockchain.

Blockchain experts are the real Value...

Rusty Shorts tmosley Oct 29, 2017 12:25 PM

You really think the Banksters going to let this shit fly? hahahahahahaaa. Sheep to the slaughter it will be.

tmosley Rusty Shorts Oct 29, 2017 12:29 PM

You are a very scared little man.

Raffie Rusty Shorts Oct 29, 2017 12:36 PM

Whatever you say Chicken Little.... *buk buk*

Buckaroo Banzai tmosley Oct 29, 2017 12:29 PM

tmosley, what are your thoughts on Segwit2x. I've studied it carefully and it looks like a Jew scam to hijack the blockchain. Of course the upside of that is, it's attracting a shit-ton of Jew fiat to BTC. Hating myself for getting rich, but what's a goy to do? Always thought Roger Ver was a sperg but IMO he might be onto something with Bitcoin Cash. Thoughts?

tmosley Buckaroo Banzai Oct 29, 2017 12:35 PM

Don't really have any. I say let the best coin win. Hodl all forked coins.

Shit is moving way too fast to try to pick winners and losers. Just buy the top (non-compromised) coins and hodl. If there is some other coin you have discovered and learned about in some detail, then buy some of that and hodl it as well.

With this price spike, I won't be net buying any more bitcoin. I am thinking about buying more IOTA though. Might double my position with the big downturn it has been in.

Rusty Shorts tmosley Oct 29, 2017 12:37 PM

Oh god, it's fonestar - aka "tmosley"

bcking Rusty Shorts Oct 29, 2017 12:29 PM

Ah, jealousy and disbelief. I"m sorry you are a Luddite. You realize they make cars that you don't have to hand-crank don't you?

Rusty Shorts bcking Oct 29, 2017 12:34 PM

Hahahaaa

Raffie Rusty Shorts Oct 29, 2017 12:33 PM

the more you said it does not make it true.

You will be saying, "Bitcoin will crash any second now....." for the next 50+ years with no success.

Just saying.......

Escrava Isaura E-Knight Oct 29, 2017 12:21 PM

Catalan Considers Blockchain-Backed e-Residency Program

This if probably the most ridiculous thing I am going to hear today. My mother can’t wait for e-residency program to come to her neighborhood.

“In times of stress the genes assume control and reason disappear.” Reg Morrison

Itchy_Balls Oct 29, 2017 12:14 PM

Ahhhh...got my midday bitcoin porn article fix.

tmosley Oct 29, 2017 12:16 PM

You can always tell when BTC is about to spike. Always happens a few days before I get a large-ish amount of disposable cash to buy more.

Nature_Boy_Wooooo Oct 29, 2017 12:20 PM

Goldbugs gonna have to keep waiting for their "I told you it was a bubble." moment.

Meanwhile gold charts continue to resemble paint drying on a wall.

espirit Nature_Boy_Wooooo Oct 29, 2017 12:33 PM

Check back here in about 4,990 years.

You can have my gold when you pry it from my cold, dead fist.

I'm a godl hodler.

tmosley espirit Oct 29, 2017 12:36 PM

Your proposal is acceptable.

Seasmoke Oct 29, 2017 12:30 PM

I noticed that GOLD bitcoin, which of course is made up of no Gold, has LOL wrapped all around it. Perfect.

gaasp Oct 29, 2017 12:31 PM

When you got nothing, you got nothing to lose
You’re invisible now, you got no secrets to conceal

Bam_Man Oct 29, 2017 12:35 PM

I'm going to launch a new one called Foneybalonium.

adr Oct 29, 2017 12:34 PM

People hate the Rothschilds for running a banking scam to enrich themselves and other insiders but love the Cryptojocks who run a different type of banking scam to enrich themselves and other insiders?

Rothschild and Buterin are exactly the same.

To think otherwise is to be a fool. A fool and their money are easily parted.

Son of Captain Nemo Oct 29, 2017 12:35 PM

Does Catalan have lots of Gold, Silver Platinum and oil to back that "crypto" with?...

Because if they are investing in nothing but "1s" and "0s" in a digital pocketbook/wallet on their cell phones Madrid or should I say "Brussels" WINS!!!

Bam_Man Son of Captain Nemo Oct 29, 2017 12:37 PM

My ones and zeros are worth more than your ones and zeros.

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