The Bit Drop: Bringing Bitcoin to Dominica (Exclusive Interview)
The “ The Bit Drop ” campaign goal is to bring Bitcoin to the small Caribbean island Dominica Dominica is a small island in the Eastern Caribbean with a population of a little over 70,000 people. The project is designed to put Bitcoin into the hands of the entire population while incorporating education and opportunities for entrepreneurship during the next 6 months before the date of the Bit Drop on Pi Day 3.14.15. Coinapult is one of the main sponsors of The Bit Drop. We are utilizing their SMS Bitcoin technology to send bitcoin to each Dominican that wishes to own Bitcoin on Pi Day.....
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The Bitcoin drop in Dominica could inspire other countries that want to stabilize their inflatory rates. But what makes such an initiative a success? Last week news got out that Dominica will be the first nation in the world to use Bitcoin as an official currency. Even though Dominica can hardly be called a big country, it still is a big step for cryptocurrencies in general. For all we know, children will be learning about this small country in future history and economics lessons as the nation that helped pave the way for worldwide Bitcoin adoption. Whatever the future may hold, it's....
The "Bit Drop" to distribute Bitcoin to all islanders. AUGUST 28, 2014 -Dominica is set to be the first nation to adopt Bitcoin following a successful collaboration between island officials, Coinapult, Aspen Assurance, Bitcoin Beauties and the College Cryptocurrency Network, who have partnered to deliver the project, officially titled The Bit Drop. The Bit Drop project will to send Bitcoin to every resident on Dominica, a Caribbean commonwealth island, via SMS texting. With a population of over 70,000, this project will create the world's largest and highest density Bitcoin community. The....
It would appear that Dominica and bitcoin would have made a very cute couple, but apparently the pair is calling it off before even giving things a try. The Bit Drop, an event to distribute bitcoin to approximately 70,000 residents in the small island nation of Dominica, has been tossed out the window. The Bit Drop has been heavily advertised since August of last year. Furthermore, the Caribbean has thus far had a mixed reaction when it comes to bitcoin integration. Strong opposition has come from nations such as St. Kitts and Nevis, for example, which has sworn heavily against bitcoin....
Updated with comment from project manager Sarah Blincoe. An event expected to involve the distribution of bitcoin to 70,000 residents of Dominica has been canceled. Originally scheduled for 14th March, The Bit Drop was billed as an island-wide party that would include free giveaways and educational booths, alongside more eclectic fare such as fire dancing and musical acts. The decision was confirmed by The Bit Drop Organising Committee, which cited "country-specific logistical decisions" as the reason for the cancellation. A spokesperson indicated that the project is currently seeking to....
If you don’t what the Bit Drop is, essentially it is a event sponsored by Coinapult , which we have interview before, Aspen Assurance, and Bitcoin Beauties just to name a few. On 3/14/15 at 9:26 a.m, Dominica will send Bitcoin to every resident via SMS some Bitcoin, over 70,000 strong. Not only has it made news in the Bitcoin community, it has also made news in some more mainstream channels. I was lucky enough to talk to talk to Sarah over at the Bit Drop. Read the comprehensive interview here. Nuno interviewed Jason Lukasiewicz, the CEO of Coinsetter. Coinsetter is a Wall Street based....