The fabulous Bitcoin island

Hello! My name is Felipe, and I am a proud resident of fabulous, magnificent, mysterious and newly discovered island Bitcoin. I am also owner of a small area of ​​this beautiful island. I was also among the first to change me here in 2012, just three years after its discovery.

I decided to write to answer some questions that many friends ask me: where is the Bitcoin island? What is your size? When she was discovered? By whom? Why you bought land on this island? Why not another island, if there are so many? Why she moved Prai? It is worth to live there? If I live on the island will make lots of money? Or lose? What is the relationship with the island of Lost? They say it's an unsafe island, there are pirates who steal land! Still others warn that the island is a scam, it does not really exist, it's all virtual, all imagination! Also I have heard that it will explode at any time, and sink into the sea, disappearing completely from night to day. Or, it is not economically feasible or self-sustaining. That the land has no value, or until no real utility.

The biggest nonsense I've ever heard, I swear, was that the island would be a grand scheme to enrich the founder and the first residents, and that it only be sustained if more and more people were living in it, indefinitely, until an hour to another, people would notice the "big scam" and sell the land at any price, causing general chaos and a mass escape.

As I am a resident and eternal admirer of this island, I will clear up some mysteries.

Welcome to the island Bitcoin!

► How is this island?

The island is still little known and little explored. It was discovered by Satoshi Nakamoto in early 2009, a skillful navigator, but anonymous and mysterious. No one knows for sure if it is just an individual or represents a group of visionaries. Legend has it that he was an anti-pirate and his goal in life was always to discover a free island as the island Gold XAU but much more modern and useful.

A magic air hovers on the island because it has some really unusual and unprecedented properties. In fact, it is very technological. It's so modern technology and it is easily confused with magic.

"Any sufficiently advanced technology is indistinguishable from magic."
- Arthur C. Clarke

I spoke of the Lost Island earlier because she has mysterious characteristics similar: the main difference is that the island of Lost is fictitious, virtual; while Bitcoin island is real, despite being digital. But in common, little is known about who discovered the island, although there is much speculation about it. As the free island Gold XAU, it has no central command, has no president, king or governor, is not dominated by any gang, mafia, criminal organization or state, does not belong to a single person or entity: is a set of small and large fragments properties.

In addition, it has other very interesting properties that will explain in the text.

► Where is the Bitcoin island?

The island does not have a fixed geographical location or center. There is no single point on the map, it is part of the digital dimension, which is difficult to abstract and understand, but it's like she was at various points around the globe simultaneously. To be exact, currently (May / 2015) it is located at about 6000 points spread over the globe. And it moves! It comes out of a place and enters another, all the time and very quickly. Each point that contains the entire island.

It is difficult to understand, but the entire island is located in several places at once, and moving. This is one of the many properties that make the island so special.

Here is a photo-shaped "heat map" (heatmap) showing where she is right now (May 22, 2015 at 03:37 EDT) on the globe:

Bitcoin location of the island in May / 2015

► What is the size of Bitcoin island?

It has 21 million square kilometers (4.11% of the land area, or 21 trillion m² - bits), with only 14 million square kilometers have been explored to date (approx 66%.). The unexplored areas are difficult to access and no one has yet managed to reach them. The explored area, some parts are very busy, exchanging owners at all times, and other parts have been reserved and remain intact.

► It is possible to know who is the owner of each area?

This is another interesting feature of the island: for not having a central control, all property registration is done in its decentralized gear anonymously.

One notable difference to other free islands as the XAU Gold island is that in ancient islands that record the property was made on a gross basis, through physical force. Already the island has Bitcoin plasma shields that protect solidly every bit of property, not allowing by default unauthorized persons are able to enter.

On the well-reserved areas which remain intact, it is not possible to know if the owners have died simply lost access to it, or if they keep the to use them as "summer home". The owner of the access is made with a special key, called the "private key". This private key is nothing but a code, and can be anything: it can be a large number, words or phrases. That's all the owner needs to store carefully, and it can store this in mind, a piece of paper or in encrypted digital form.

On the busiest areas, it is not possible to identify who are the owners, but you can see that out of previous owners are moving and new owners are taking.

All reserved area has a public address, a sort of identification code, something like this: 1LipeR1AjHL6gwE7WQECW4a2H4tuqm768N and the owner is not known by default, unless you have a sign with your name in front or that he has disclosed this at some time.

In this example above, this code is an area that belongs to me and the owner is publicly known, for myself divulged. But the island's tradition is that the owner of an area is unknown.

Anyway, another very important feature is that, although I have declared that I own this address up there, no one else but me can prove definitively that I still possess access to that address. Maximum can raise suspicions about the real owners, but it's still very complicated.

Only the owner is that you can, through a signed, demonstrate that it has access to that area at any given time. That's how he can transfer his property to other possible interested after a negotiation. But nothing too sure he has not lost access right away. Imagine that the private key, that secret code that gives access to the owner, is stored in a paper. And this paper catches fire. In this case the owner no longer has access to the private area and no one can prove otherwise. This feature allows for extra protection against pirates or central governments trying to extort the victim to steal or confiscate their land.

An example of proof that I have right now access to 1LipeR1AjHL6gwE7WQECW4a2H4tuqm768N address can I sign the hash 357652 height block that is 000000000000000003bee311c38ead2b8b6b9d5465f5612e95dce5193a0a50d1 resulting in: HMcYZN5mfF2kR7tn1J8llv3KmJOPuf / kDrm tqPPH5MzHcDkuey6LHQCyqDRGLE2biS + = + syNr5Ds82juz9abPyZk

Any person, even if not island resident, can verify mathematically through this digital signature that I still possess access to that address at least so far, on May 23, 2015 at 00:51 EDT.

► As new areas are discovered or exploited?

As currently (May / 2015) there is still about 44% of unexplored area, or approx. 7 million square kilometers, the island attracts the attention of more and more explorers, bounty hunters, who make tireless search for new lands, seven days a week, 24 hours a day.

It is estimated quite accurately that the island will be fully exploited in the year 2140. But in 2030 have already been discovered 99% and in 2040 about 99.8%.

These explorers face dangers and very difficult to tame these new lands, so currently only very qualified professionals with a lot of investment can find something. To find them, some take ownership and move over there. Other raffle off the area and pass the pieces to other owners, like an old or new resident of the island, for example. In exchange for the newly discovered land, these explorers seek some other land on another island of your choice or even exchange for other goods and services in general.

Some even explorers are actually interested in living in Bitcoin island, they are only interested in the reward, but prefer the security and stability of an older island, as the free Island Gold XAU, or an island controlled by a criminal organization, as Real island, run by the mafia Vilma & corrupt or doleta island, commanded by Ocama & allies mafia.

Island exploration forecast million square kilometers over the years
Island exploration forecast million square kilometers over the years
► Who does the security of the island?

These explorers are often called "miners", a reference to the mineral explorers. They are very important to the island because it also makes her safety. By moving quickly around the island in search of new lands, they turn away from the pirates and thieves. They also take fuel (large batteries charged) for decentralized gear island, ensuring that intríncica technology continues to function beautifully.

But what when there is no more land to be explored? As the safety of the island will be made? What will be the incentive of these "security" when the lands have been exhausted? - Although there is a central government, there is an optional collaborative fee that most island residents help maintain their security intact. This rate is distributed among all explorers. Every time an area of ​​land changes hands, the previous owner can separate a small (insignificant) sub-area to distribute to all explorers. As a small - but sufficient - part of the island is quite busy and exchanging owners at all times, small added optional fees become significant and feed the explorers, who also make the safety of the island.

► When the island was discovered?

A map was published openly in November 2008 with all the technological instructions for its construction. That's right: the island does not exist in nature before. To be more precise, this kind of island, fabulous islands with "special powers" simply did not exist in any way! None of them. Despite the map already be released only in 2009 was it found and built the first fabulous island, then named the fabulous island Bitcoin.

Satoshi Nakamoto who has figured out how to get to her and to build its technological gear, which has proved so far quite efficient, practical and with amazing features that attract many new residents all the time.

Before 2009 there was no fabulous island. Just ordinary islands and outdated, as the island free Gold XAU or islands dominated by criminals as the real island and the island doleta previously mentioned.

► What about today worth m² Island? And the whole island?

Unable to determine an accurate value because the lands are traded on a 24/7 free market worldwide in various exchanges exchanging areas of Bitcoin island for areas in other islands, all in a decentralized manner. And despite the Bitcoin island be noticeably higher than any other island, the truth is that the other islands are even more valued.

To give you an idea, right now, on May 23, 2015, 1 km² (1 BTC) or 1 million m² (1M bit) of Bitcoin island can be exchanged for approx. 760 m² of real island (R $ 760.00), 240 m² of doleta island (US $ 240.00) or 6000 m² Island Gold XAU (6g). And to compare the size of the islands, while Bitcoin island has 21 million square kilometers (21M BTC), the Royal island has 3 million square kilometers (3Q R $), the island doleta 60 million square kilometers (60T US $) and Island Gold XAU 1.5 million km² (1.5M kg). - Another account today 1 m² of Bitcoin island worth approx. 7.6 cm² (R $ 0.00076) of the Royal island.

To facilitate comparison - quite roughly - today, 1% of Bitcoin island can only be exchanged for 0.003520% of the real island, 0.000057% of the island doleta or 0.000486% of the island Gold XAU. Theoretically, the entire island Bitcoin worth today approx. 0.3% of the real island, 0.0057% from 0.0486% doleta island and the island Gold XAU. I say "theoretically" because not all the land of Bitcoin island is for sale, and not all owners are willing to sell it at current market price. Therefore, it is very likely that if someone tries to buy the whole island, the market price shoot at an exorbitant value compared to the current and no one can actually buy all the land.

This low value of land opposite the other islands is today mainly for two reasons: 1) the Bitcoin island is extremely new, virgin forest, without any infrastructure, so people in general does not have the confidence to buy land or change of time. Not to mention the dangers inherent in a land little explored. It was discovered only in 2009, and above all has a technology never seen before, it is normal distrust. As stated in the introduction, yet many uninformed or dishonest spread lies about the island, creating legends, myths and saying his "magic" technology is actually a great curse. 2) their land still worth very little. - The second fact is a problem of the "chicken egg". Few people venture to buy land because its market value still fluctuates considerably. And the value fluctuates because so few people venture to buy and remain owners of the land for long.

km² of the value of Bitcoin island by m² of doleta island (log)
km² of the value of Bitcoin island by m² of doleta island (log)
Fewer still are at risk of moving to the island as I did. Thus, the island remains with little infrastructure, namely its advanced technology also makes it difficult for common people, so that it is only attracted to geeks in general. Its current population is basically composed of explorers, nerds, technologists and courageous idealists who seek a free and futuristic earth.

► When they started to move to the island and who currently live in it?

The first resident of the island, of course, was Satoshi Nakamoto. It is estimated that he is the owner of about 1 million square kilometers, pioneered by himself as soon as he moved here during 2009 and 2010. The first land was very easy to be explored. Low difficulty attracted other curious as early as 2010. People who ventured to explore the island also unsure whether they would receive something in return, or even the island had something special. Until mid-2011, about 28% of the land had already been discovered by real courageous, pioneering and vanguard. Other people who arrived at that time were able to buy lots of land at prices really low. In early 2011 only 1 m² of doleta island could buy 3 km² island of Bitcoin.

The market still underestimated - even more than today - the real potential of the island. Some original owners, tired of living in a sparsely populated island, got rid of thousands of square kilometers of land for ridiculously cheap prices. Some even donated hundreds of square kilometers, and a case that ended up being famous, exactly five years ago, an owner just exchanging 10,000 square kilometers of land for a pizza, on 22 May 2010. Today 10 000 km² island of Bitcoin can be exchanged for approx. 214 000 pizzas.

► What this island has it good? Why is it good to live there? What are the advantages and disadvantages compared to other islands?

It's really great to live in Bitcoin island, I am personally very satisfied, living here since 2012. I also have a little land in Real island because all my family and friends live there, but spend most of the time here. Some friends also has some land around here, but few venture into moving altogether.

Besides having an incomparable beauty and several interesting features and "magic", the island can not - by its nature intrínceca - be controlled by dubious moral organizations as state gangs, pirates and scammers in general. Freedom and modern technology are the two main motivations and reasons to own land or live here on the island.

Even without government or central control, the plasma protections, the safety of explorers and energy from decentralized gears guarantee of good robust property rights of an individual or allowed to a particular piece of land.

And to exemplify the advantage of living in a free island in 2014 were confiscated 1.8 million square kilometers of land in the Real island. In addition, these State islands can create "false papers", ie print "valley land" which actually has no real corresponding land, flooded the market "lands" that can not be exchanged for actual land. This process is called "inflation", and does not occur in Bitcoin island because the land is in fact guaranteed by the owners of the island of technology and not by false papers.

It is true that free islands as Gold XAU, and also be physically very beautiful, also has almost all the advantages of freedom of Bitcoin island and are much more traditional (has thousands of years of trust). No wonder that the land on the island Gold for example worth about 2056 times more than the lands of Bitcoin island. But the Bitcoin island has two main advantages: 1) a time advantage, however valid: it is still very undervalued, or very inexpensive and with a huge potential. 2) it is much more modern and has a lot more interesting properties that the island Gold XAU, looking to a "magical island" compared side by side.

► But ... So the island is free of pirates and scammers?

Unfortunately, despite having a rock solid security structure, Bitcoin island is not free from external attacks. A coup can, for example, convince someone to deliver your private key for it to do their land "multiply". Or simply ask for the owner handed over the key to this keep it "safe" way. Amazingly, out of sheer ignorance, many people end up falling in these coups, handing your keys to third parties and losing everything. Or, some pirates surrounding the island can discover the hiding places of these keys when they are stored in digital form without adequate protection. Having keys to access the pirates can take rightful ownership of the land and there is central control so that the original owner claim or undo the transaction. This is one of the reasons why some people still afraid to venture in Bitcoin island.

It is the island's guilt itself, but the current difficulty in manipulating the technology appropriately. However, its infrastructure is improving day by day, to minimize these types of scams and deceptions. Free initiatives are working hard to create the easiest mechanisms and secure storage of keys and protection against pirates, keeping the beauty of decentralization. Many people are also working to abstract increasingly this technology and make it much more accessible.

►Ah but and the surrounding islands? They can feel threatened and attack the island Bitcoin? You can not see the Bitcoin island as a strong competitor and fear that their land being devalued over time across the lands of Bitcoin island? Since the best defense is a good offense?

Well, there are three types of islands around: other fabulous islands; the free islands; and the islands dominated by state gangs.

The fabulous islands (sometimes called alt-island or crypto-island), which emerged just after Bitcoin island and copy the same technological model, has no cash no power to an effective attack. Some fabulous islands were created by real scammers who took possession of the original land, without giving a chance for others to explore (pre-mining). Still others just copy the Bitcoin island with no real innovation. A few added some legitimate technological novelty, but because they are more recent than the already recent Bitcoin island fail to attract a minimum number of residents to maintain a minimum security. And if they have no money power to attack the Bitcoin island, as they attack? Some residents of these other fabulous islands, with the hope that their land value themselves, they attack verbally spreading the greatest possible amount of lies and rumors everywhere. The only weapon possible of them is lying.

Residents of free islands but not fabulous, as the island Gold XAU usually sighted the island Bitcoin as a great ally. There are few residents of islands so make verbal attacks. The Island Gold XAU would have enough money power enough to disrupt the Bitcoin island, but there never was a real interest in it.

The greatest threat to Bitcoin island are extremely rich islands dominated by state gangs, such as the Royal island and the doleta island. The verbal attack lobotomized slaves are common. Their leaders also send spies to watch all the time. Despite the island being immune to the fact invasion and their land are well protected, as well as the identity of the owners, criminal islands are "investigating" and trying to associate the owners of the land to the residents of the island state, watching all public transactions and following negotiations with the land in the island state, which are heavily regulated and monitored. When they can have some clue of the owners, they try to link them to "crimes" without victims, ie, violations of the strict laws controlling the gang, creating unjust reason to confiscate their land or even hold its residents. Thus, residents of the state islands also tend to be afraid of venturing in Bitcoin island and persecution. Chasing one by one, censoring, scaring and threatening is the most efficient way that state islands have to attack.

State-owned islands can also use your monetary strength to try to affect the decentralized gears Bitcoin island, but so far the island did not bother enough for this kind of direct attack. If one day some powerful island solve attack Bitcoin island that way, it could lead to some rebellion of local residents who own land here, and state islands do not want to create problems with their slaves already well destrados. So the leaders of the state are often islands still fake a neutral / skeptical public.

► What is the current population of the island?

It is estimated that currently the island has about 1 million residents, and it has grown consistently every day. 21 km² per person on average. Of course, some residents have hundreds, thousands or even millions of km², while others have only a few m². Each managed to land at times and in different ways, with different investments. Some bought when they were still much cheaper, or exploited them when it was still easy, right there in the beginning. Others had the chance to acquire the land at the end of 2013 when there was a "boom", a race to land the island and its value per km² reached incredible 3000 m² of real island (R $ 3,000.00). Since this "boom" lands devalued approx. 75% today! Many people who moved to the island in the excitement of the moment, without really knowing what it was, or even bought large amounts of land, eventually losing interest and then selling the land for a much lower price. All for those reasons that I have explained previously.

► How is your life on the island, and what you want from now on?

Life on the island is still a bit simple and lonely, but I intend to live here for the rest of my life. With a density of only 0.05 persons per square kilometer, it gives the impression that the island is still uninhabited. Just kill everywhere. Most of my friends and family still live in the real island and still do not know here, or do not see much advantage and / or do not have the courage to move back here. Much still not present here, and then I have to buy land in Real island or doleta island to then exchange for goods and services. Despite having a real market value, many people even know that the land of Bitcoin island has some value and therefore do not accept land here for nothing.

And although see my land is devaluing both 2013 until now, I never even thought about giving up this fabulous island or "donate" my land, because like many other enthusiasts and pioneers, we are here for ideal of freedom and the twinkle in eyes this "magic" technology, not only by the market value of the land. These same people who ran the island and left everything behind one day come back, I'm sure. When we residents build, day by day, more infrastructure, more facilities and more avenues of the island, I'm sure whose eyes left the island will again shine as ever. When people also begin to suffer more from the tyranny of the criminal leaders of state-owned islands, and begin to respond to this daily violence suffered (taxes / extortion / coercion), I'm sure that will run here. And the residents of the old free islands as the XAU Gold island also migrate over here little by little when they do see the beauty and technological advantages here.

If you want to one day move here, you can bet it will be very well received!