BITCOIN as an alternative to regular currency
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
Dystopian to me is a future controlled by leftist governments where people get paid in increasingly worthless currency.
- abgespaced
- Posts: 176
- Joined: Sun Aug 23, 2020 2:25 am
- Location: Australia
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
It's comic really that an African country should seek to ban cryptos when their own fiat currencies invariably end up worth less than toilet paper.abgespaced wrote: ↑Sat Feb 06, 2021 8:14 amhttps://cryptoslate.com/nigerias-centra ... urrencies/
And it begins
https://www.xe.com/currencycharts/?from ... D&view=10Y
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
Tesla Invests $1.5B in Bitcoin, Plans to Accept Crypto Payments
https://www.coindesk.com/tesla-invests- ... o-payments
Sends BTC to new all-time high.
https://www.coindesk.com/tesla-invests- ... o-payments
Sends BTC to new all-time high.
He said his dogecoin tweets were done as a joke, but the price rocketed anyway. People will believe anything.
https://www.ft.com/content/5d9d7eef-718 ... 4fcd043f53
He hates short sellers but then buys a shed load of BTC then announces Tesla will start accepting bitcoin as payment.superfrank wrote: ↑Mon Feb 08, 2021 2:02 pmTesla Invests $1.5B in Bitcoin, Plans to Accept Crypto Payments
https://www.coindesk.com/tesla-invests- ... o-payments
Sends BTC to new all-time high.
But he's one of the people, no he's just using his platform for personal gain.
It's an odd development. a) it's way outside his core business and b) If he's trying to raise the value with his reputation. But then sells to make a profit, he's going to look like a charlatan.Naffman wrote: ↑Mon Feb 08, 2021 3:00 pmHe hates short sellers but then buys a shed load of BTC then announces Tesla will start accepting bitcoin as payment.superfrank wrote: ↑Mon Feb 08, 2021 2:02 pmTesla Invests $1.5B in Bitcoin, Plans to Accept Crypto Payments
https://www.coindesk.com/tesla-invests- ... o-payments
Sends BTC to new all-time high.
But he's one of the people, no he's just using his platform for personal gain.
Then again entrepreneurs only have boundaries that are legally enforceable. (And probably beyond if they think they can get away with it).
Everything else is feasible if deemed to be worthwhile.
You can now buy a Tesla car with Bitcoin but try and pay your mortgage or local supermarket in Bitcoin.
Bitcoin is just platform the C.I.A and US Government invented to launder all the world dirty money so it could inject 100's of $billions into the world economy after the credit crunch in 2008.
Central Banks look like they can print money forever (we know they cant) so I dont see Bitcoin being used as a primary currency by major nations but the lies of Haiti and some African countries i can seriously see them using it within 5-10 years.
Governments cant really control it, they will hate that.
Bitcoin is just platform the C.I.A and US Government invented to launder all the world dirty money so it could inject 100's of $billions into the world economy after the credit crunch in 2008.
Central Banks look like they can print money forever (we know they cant) so I dont see Bitcoin being used as a primary currency by major nations but the lies of Haiti and some African countries i can seriously see them using it within 5-10 years.
Governments cant really control it, they will hate that.