My narrative is facts and honesty.
You struggle because you realise person Y from colombia will have to at some point register with an exchange to get his money. either that or sell it to another criminal for a lower amount of physical cash.
My narrative is facts and honesty.
You struggle because you realise person Y from colombia will have to at some point register with an exchange to get his money. either that or sell it to another criminal for a lower amount of physical cash.
Thatâs good. We are talking about NFTâs based on crypto and how it affects the world and how it could affect the game we all play.
No he doesnât, he uses the BTC as a placeholder. If that word is better.
The placeholder insures person Z he would have money in case the appartment block/house doesnât get the rent person Y hopes to get.
I hope I explained this example but there are other examples which are less straight forward but none of them should involve Person Y redeeming any BTC for cash unless heâs going to retire and even then it would be stupid. He better tells no one of the BTC and lets it go âto sleepâ when he dies.
Sorry you have completely lost me.
Itâs ok, it was just one of the many examples. And it is quite a complex system. We can just discuss other things as Iâm certain we have some kind of translation/language barrier going at the moment.
No, In your effort to promote BTC is a scam you have reached a hurdle, and you are squirming, rethink whatever your thinking and then explain with facts how person Y from colombia will get his BTC from a shady deal turned into physical cash.
Itâs called dura mater. Again, no brain, no pain.
Says the retard claiming that GPU and ASIC are the same.
says the retard claiming that
Either itâs currency and it does not need to be exchanged. Or it needs to be exchanged for currency, and itâs not.
Person Y and his business partner Person Z build an appartment complex, right?
The persons A, B, C, D, E and F who rent the building pay real money, right?
Itâs not a currency itâs more like a safeguard. Person Y also sells those videocards per gram locally anyways.
You keep on saying itâs a currency and also keep saying it has to be converted to a real currency. Kinda weird flex.
While the original person who received the GPUâs is arrested for other offences and his house searched and GPUâs found, which happen to be the same ones stolen. How can you be sure this person wonât show the bitcoin address he sent the money to to the police? and then the police can get that BTC frozen.
Lots can happen, please stop talking like its easy for criminals to use BTC, factually it is not.
Youâve had my full agreement on environmental issues and BTC, so you canât try to pretend Iâm ignorant.
That sometimes happens, but the hypothetical Person X is not arrested yet. So Iâm not sure why you change MY hypothetical story to suit your narrative.
But okay, lets assume the internet police breaks down Person Xâs front door and arrests him while searching his house⌠for letâs say public indecency and peeing in the mailbox of the federal police station.
Why would he talk? Does he hate his fingers? How will the Hypothetical French Federal Police make sure Person Y from Columbia doesnât send his team from Miami to deal with Lonny Looselips (Person Xâs nickname, ok lol)?
But yes, I can understand that if some random idiot becomes an international drug trafficker and gets caught he will immediately show all financial transactions hoping he will be completely broke when he leaves jail. Hypothetically speaking this is a danger but then again, I think Person X is a smart Frog.
No I changed it to reflect reality, police do raid houses if a judge signs off on it. Iâm not saying it will happen in your example Iâm saying to consider it as a possibility which is what criminals will also do.
He might be offered a lighter sentence if he talks, this is something criminals also have to consider when dealing with other criminals.
It does happen on occasion, but if they snitch, they risk the stitch (or worse). But getting caught or not isnât affected by the bitcoin. Bitcoin is a very useful tool being better than the Western Money transfer. Because a non business is always better than a business that is being subjected to government oversight. Thatâs what I in general try to explain. Regularisation and centralisation (per economical region or country)is an important factor of cryptocoinâs acceptance.
He has a lot of competitors to give to the police lol. heâs not going to cut the branch heâs sitting on. Neither does a rabbit gnaw off a leg thatâs not trapping it. If what you assume would work, drug crime would have ended in the late 80âs. But we all know better. Itâs more centralized and powerful than ever and bitcoin is just another stepping stone to make it easier and faster.
Iâm sure some criminals use it successfully, perhaps itâs more lower value transactions that help criminals stay under the radar. Did you know in the UK if you walk into a bank with ÂŁ50k in cash they can actually call the police and get you to confirm how you got it. I think Crypto exchanges will eventually have to report this type of thing.
Thatâs awesome. But what if they say the sold an NFT?
PS: Just kidding, itâs good that there is a check on large transactions, if not the situation would be even worse.
âtechno gibberish so youâre hypnotized into believing crypto is futuristicâ. Could not be more on pointâŚ
âa savy investor like you should not fret into boring technical detailsâ
OMFG it looks like Aaron posted on their site before they made the vid
âIâm sure you definitely wonât end up like the many amateurs who lose their life savings on a gamble they donât understand because a fast talking youtuber with no credential and a vested interest in keepin the scheme going told them to give it a shotâ.
That looks that someone in that thread ⌠not sure if Aaron is youtuber though. But I know he is slow thinking.
âYou can buy [NFT] now and sell it later to someone dumber than you. [âŚ] They have other uses too, like escaping taxes and money launderingâ
âworthless fantasmagorical non-investmentsâ. Yep, SCAM.
This is an interesting video, apparently the last bitcoin will be mined in 2140 so if intel can make the best miner/asic that would be good. Most miners actually think Bitmain and other manufacturers are awful.
Itâs most likely AMD and Nvidia will make their own asicâs for BTC, this will create an income for the next 120 years.
The 2nd video is Voskcoin, he is a crypto miner and youtuber, itâs a good channel he explains mining very well and has visited some of the biggest GPU and ASIC farms in the world.
El Salvador accepts bitcoin.
Meet Milton
Meet random bitcoin sponsored trader:
Meet random bitcoin user
Meet foreigner looking guy who is the Bitcoin beach founder
Some random guy
Corrupt officials hate sanctions, love bitcoin.
It keeps going on showing you can pay bills with legal tender. Itâs soooo easy! Because he had to take the bus 1 hour, wait an hour, get back 1 hour. Doesnât like the banks app because that would have skewed his false comparison.
Oh, and then the second video about how an American company can make devices better (less wastefull) than a Chinese one⌠who would have guessed it, it did lack the LIVELEAK logo though. It will be zero carbon footprint, they say. They say. Letâs hope so. But I think itâs a scam.
Update from Reuters :
Actually, they hope US crypto to be sent to El Salvador. lol. To increase the money supply and print money. #InBeforePriceRises. But yes, itâs for the poor, so tehy can fork out more money.
The Bukele government hopes that 2.5 million Salvadorans living in the United States will eventually send remittances through Chivo.