<story><title>Estonia is planning to launch Estcoin</title><url>https://medium.com/e-residency-blog/were-planning-to-launch-estcoin-and-that-s-only-the-start-310aba7f3790</url></story><parent_chain><item><author>jaclaz</author><text>&amp;gt;Since the proposal was published, I’ve been repeatedly asking audiences if they would be interested in purchasing estcoins and the response is a resounding yes, even if they are not always sure why yet.&lt;p&gt;Would it be offensive to hint that maybe -just maybe - audiences were (largely) clueless?&lt;p&gt;&amp;gt;You might be surprised to hear this, but we completely agree with the criticism that estcoin is a solution looking for a problem. However, that is not necessarily a bad thing.&lt;p&gt;Very clever argument, though:&lt;p&gt;&amp;gt;E-Residency was also a solution looking for a problem when the programme was launched. The solution was to enable anyone in the world to apply for an Estonian ID digital ID card and then gain access to our e-services, but even many of the first e-residents were not sure what problems this would solve for them.
Three years (and almost 30,000 applications) later, we now have a very good understanding of the problems that e-Residency solves by helping democratise access to entrepreneurship globally and enabling the rise of location-independence.&lt;p&gt;I still completely fail to realize which actual problems were solved by e-residency (setting aside some good money going to Estonia).</text></item></parent_chain><comment><author>comstock</author><text>Estonian e-residency lets you create an Estonian company.&lt;p&gt;It’s useful to some people to be able to create a company not tied to a particular location. For example, UK citizens generally can’t operate a UK company if they are not resident in the UK.&lt;p&gt;So, if you’re a digital nomad type, you’re scratching around to find a jurisdiction where you can run your company and moving around.&lt;p&gt;There are a few options. But Estonia is in the EU, the tax situation seems reasonable and they are positively welcoming. So, this is one problem that was solved.&lt;p&gt;I guess they could have just made it easier to start companies, without the e-residency. But being tied into the same ID system seems to make managing the company easier.</text></comment>
<story><title>Estonia is planning to launch Estcoin</title><url>https://medium.com/e-residency-blog/were-planning-to-launch-estcoin-and-that-s-only-the-start-310aba7f3790</url></story><parent_chain><item><author>jaclaz</author><text>&amp;gt;Since the proposal was published, I’ve been repeatedly asking audiences if they would be interested in purchasing estcoins and the response is a resounding yes, even if they are not always sure why yet.&lt;p&gt;Would it be offensive to hint that maybe -just maybe - audiences were (largely) clueless?&lt;p&gt;&amp;gt;You might be surprised to hear this, but we completely agree with the criticism that estcoin is a solution looking for a problem. However, that is not necessarily a bad thing.&lt;p&gt;Very clever argument, though:&lt;p&gt;&amp;gt;E-Residency was also a solution looking for a problem when the programme was launched. The solution was to enable anyone in the world to apply for an Estonian ID digital ID card and then gain access to our e-services, but even many of the first e-residents were not sure what problems this would solve for them.
Three years (and almost 30,000 applications) later, we now have a very good understanding of the problems that e-Residency solves by helping democratise access to entrepreneurship globally and enabling the rise of location-independence.&lt;p&gt;I still completely fail to realize which actual problems were solved by e-residency (setting aside some good money going to Estonia).</text></item></parent_chain><comment><author>pjc50</author><text>&amp;quot;Clueless people are looking to give me money for something unspecified&amp;quot; is the right kind of problem to have!</text></comment>