Unfortunately, I don't see what BISX can be successful at. Denominating local shares in crypto, still leaves them as local shares which are of no interest as an asset class to anyone, at least currently with the way the economy is being run.
If he lists cryptos, he will be competing against dozens of already well established exchanges.
I can't see his natural advantage, but maybe I am missing something?

$20bn worth is being traded each and every day. Right now. Scaleable to infinity within weeks. Just add servers.

Why? Don't think of crypto or fiat currencies as mutually exclusive. Think of them both existing as they do now and being interchangeable and convertible.

If you want to transact on the blockchain, you will do it in crypto. When you want to go to the supermarket, you will be able to choose if to pay in crypto or $.

It is an addition to your asset classes, not a substitute, necessarily. But what it does do is diminish the power of government to institute exchange controls or limit freedom for the individual to decide where and how to invest or dispose of his own assets.

Exchange controls will be unenforceable within 5 years.

A whole load of rubbish written by people with an incredibly superficial knowledge of the subject pretending to know something to impress the even more ignorant. Sounds familiar?

Cryptos do not "bank" anywhere. That is the whole point. They are designed to exist outside of the current financial system. Each individual has a wallet which is unique to him and he owns/purchases a piece of code which proves his ownership of the currency.

But the real revolution is that it makes most of the current financial & legal systems unnecessary: all trade, escrow, contracts, etc; as the blockchain is all you need to prove and to transfer ownership of assets. Yesterday we had the first cargo of soybeans traded between the USA and China without any financial intermediary involvement or any bloodsucking lawyers drawing up contracts. All in an instant and without any fees for anyone.

Think about what that means: within a decade all trade will be conducted on the blockchain.
The involvement of financial institutions will be restricted to providing liquidity (as it was in the 14th century), contract lawyers will be in the soup kitchens and estate agents will no longer exist. Simply load your house and blockchain title on a site and interact directly with the buyer. Money and title transferred instantly with no bank fees, estate agent fees or any other type of fees.
Basically the "Bahamian middle class" is dead. They just don't know it yet.

Still think it's a fad?

Never going to happen.

Those guys cannot even take a dump and wipe their arse in seven days.

This guy is totally right. Absolutely 100% spot on.

The government has only 2 real choices of paths:
1. Abolish the B$ and adopt the US$ as currency.
2. Float freely the B$ without any exchange controls of any kind.

The second is far more painful but ultimately more rewarding. The first is less painful but leads to worse economic results in the end.

But both are better than the status quo, which ensures that we will not be able to compete and that we will crash and burn.

Ah. Well, that explains why it crashed. They forgot to strap the other engine on.

In all seriousness: if the mechanical inspections and certification for airplanes is similar to the one for cars (I mean in practice, not on paper), then it is a miracle a single plane ever makes it to destination.
And since we all know that only about 50% of drivers have a "real" driving licence, let us hope the situation is not the same with pilots.

...but...but...but...think of the poor Dreamers.

I always laugh like mad when trying to reconcile people's attitude to Trump policies and the ones they want instituted in their own country. For some reason it is OK for the Bahamas to have absolutely fascist policies, but God forbid if the USA does not let in anyone who can swim.

Ask any Haitian what he thinks of his own country and you will get far worse language than Trump used.

There are some matters the government should interfere with (for the common good) and some others where it should not and let the private sector do the job.

Hurricane insurance is precisely a matter where the government SHOULD get involved. It is the height of stupidity to let undercapitalized "joke" local insurance companies sell insurance and then immediately buy reinsurance abroad. What good is that?? Money leaves the country and we only see a percentage of it back over the years.

Why not start a National Hurricane Insurance Fund? The government should charge everyone a small insurance premium, say $200/year. Since there must be about 100,000 households in the Bahamas, that would be $20m per year. All proceeds can be invested in local bonds and lower the deficit interest payments. We are not going to have a major hurricane every year and as a rule only distant islands with few households will be hit. This fund would do very well financially, all money would stay here and we would certainly do better than now, when we have no insurance.