To buy young girls.
Crypto currency (IF banned from CA)
- Thread starter YoboCopter
- Start date
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To buy young girls.
YoboCopter
Player Valuation: £50m
Cant they just use cash?
Could be traced via bank payments.
Inappropriate Language
Ahhhh, so that's sh*tcoin!
What's the point of it if you can't spend what's in your piggy bank?
Lord Buckethead
Player Valuation: £35m
SHOW ME YOUR CUMROCKETS LADS!!
DuuuncanHadaPigeon
Player Valuation: £10m
Certainly not for peer to peer currency.
BTC can be used to move money across borders, but so can LTC, ETH, XRP... the list goes on.
I'm not really sure what your point is.
DuuuncanHadaPigeon
Player Valuation: £10m
So can BTC and nearly every crypto. Do you know it is a public ledger?
Unless you are the small subset of people that use BTC ATM's or buy with cash, gvmts & three letter agencies can quite easily track who has what.
Zatara
Player Valuation: £100m
Perhaps you should re-read and fully digest what youve written below...and come back to me?
Youre looking VERY foolish at the moment...
Zatara
Player Valuation: £100m
I think he's suggesting it might be used to procure humans for dubious practices.
Which is very naughty behaviour. On both counts.
DuuuncanHadaPigeon
Player Valuation: £10m
To be clear, I think El Salvador saying they will use BTC as a currency is an awesome thing for crypto in general, as it will increase adoption of other crypto assets.
I don't believe BTC will ever be used for day to day transaction especially in poor countries like El Salvador. Like I said, why would they pay a $50 transaction fee when average weekly wage is $170?
Likewise, if average person A wants to send money to average person B in El Salvador, why would they pay $50 to do so? BTC is simply a terrible option for this.
This is before I even mention the speed of a transaction! Imagine waiting at the till 10 minutes to get block confirmation that your transaction went through.
When I said there ware less retailers accepting it now than 5 years ago, that was a true statement...BTC has been around for over 10 years, yet basically no one is using it on a day to day basis for buying things (Which was Satoshi's whole vision)
If I am being so foolish, please explain to me how or why the average person in El Salvador would use BTC for their day to day purchases. If i'm such a fool, this must be a trivially easy thing for you to explain to me.
Zatara
Player Valuation: £100m
If you search the % of people who have a bank account there and then look at the % of those who use online banking...compare with the % of people who have internet access and mobile phones.
In Asian countries there are different payment systems which are used online to pay bills / food / transport /clothes etc all without the need to have a bank account. Some of these take 2-4 days to reflect on electricity bills for example. Its not just about going into a shop and paying...
El Salvador is in Central America and uses the USD. They must feel a need to move away from 100% reliance on the USD and have chosen Bitcoin as the alternative.
The fact is that you posted that "anyone who thinks bitcoin will be used as a currency is an idiot".
You have been proven wrong.
Paraguay and others are exploring...
the sniderman
Player Valuation: £40m
thank u for cryptophile knowledge buddy.
Is it true that you ring people up in the night and sing Color me Badd hit song from the 90's " I wanna sex you up " but you say HEX instead of sex??
Zatara
Player Valuation: £100m
Banks to Companies: No More Deposits, Please
Awash in deposits over the course of the pandemic, some banks are now encouraging their corporate clients to spend the cash on their businesses or move it elsewhere.
www.wsj.com
This is mindblowing...
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