Crypto currency (IF banned from CA)

[carlos21]

Good man, what you been up to tonight?

Just watching TV mate.

 

[bluejohn66]

Just watching TV mate.

I watched the footy but fell asleep, off to bed mate, you take it easy ?

 

[carlos21]

I watched the footy but fell asleep, off to bed mate, you take it easy ?

I will do mucka.

 

[DuuuncanHadaPigeon]

I see you can now buy crypto on PayPal who will hold it in your PP account. Only four to choose from... Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Any of you Crypto Billionaires got a view on Litecoin ?? It peaked at £240 odd in May 21, currently trading at £48, Do I Go Balls In !! ??

Paypal is a custodial wallet meaning you don't actually own the crypto, paypal acts as a middleman, crypto was invented to get rid of middlemen.

 

[Efcjake]

https://www.cnbc.com/2022/10/13/el-...n-60percent-to-60-million-one-year-later.html

El Salvador has lost 60 million. Some great details in here from locals stating it isn't being used at all.

 

[DuuuncanHadaPigeon]

https://www.cnbc.com/2022/10/13/el-...n-60percent-to-60-million-one-year-later.html

El Salvador has lost 60 million. Some great details in here from locals stating it isn't being used at all.

Pretty sure we both called this

 

[LinekersLegs]

https://www.cnbc.com/2022/10/13/el-...n-60percent-to-60-million-one-year-later.html

El Salvador has lost 60 million. Some great details in here from locals stating it isn't being used at all.

Just awful mismanagement, think what that money could have done for the people of El Salvador by being invested in something like infrastructure, education, business grants etc

 

[DuuuncanHadaPigeon]

Brilliant speech

 

[Connor]

Did Nikom ever resurface?

 

[DuuuncanHadaPigeon]

Did Nikom ever resurface?

I think he is in El Salvador

 

[YoboCopter]

Did Nikom ever resurface?

He wont be back untill btc rises then he will be like “ told you soooo” haha

 

[DuuuncanHadaPigeon]

Just another exploit, things burning all around us, meanwhile hex.com users unaffected

 

[carlos21]

I watched the footy but fell asleep, off to bed mate, you take it easy ?

Hiya John how are you doing tonight

 

[Zatara]

Just awful mismanagement, think what that money could have done for the people of El Salvador by being invested in something like infrastructure, education, business grants etc

Well same could be said for a countries gold reserves.

 

[LinekersLegs]

Well same could be said for a countries gold reserves.

But a countries gold reserves are usually used as a store of value aren’t they, something that can be a last resort to support the currency for instance? And gold doesn’t seem to have been that volatile looking at the 20 year spot chart.

Gold Spot Price and Cost of Gold | World Gold Council

Price discovery is crucial for any market. Gold not only has a spot price, but it also has the LBMA Gold Price. Download our gold price historical data.

www.gold.org

Whereas El Salvador seemed to be using Bitcoin more as a “get rich quick scheme” and it has been very volatile so not effective as a reliable store of value.

I do take your point that a country might be better using their gold reserves for more productive purposes.