Its not the point, point is the BTC is not going to work, and those BTC glasses have to go away.
BTC doesnt make anyone free.
It’s absolutely going to work and it’s already helping a lot of people around the world.
I prefer Dogecoin.
1 Like
Still better than fiat probably
good Italian cars.
So long as the Tax Man wants fiat, fiat is what I will toil for.
64% of Staked Eth belongs to 5 entities, what a surprise no one ever thought this would happen!
When one stakes Eth they are transferring ownership of that coin to a staking provider, if for any reason they decide not to give it back there is nothing that can be done, where have we seen this before?
Also transactions will be managed by the staking provider who could lose some or all of the ETH stake if the slightest mistake is made, the whole point of crypto/blockchanins/gpu mining was to make transactions cheaper and controlled by mining which creates a ledger that can’t be changed.
1 Like
As each day passes Eth is starting to operate like a bank more and more.
Like a financial institution? Hard not to have those envelop all money and financial instruments eventually.
Its ancient practice like money itself. Only bartering is devoid of it I think, but I am not sure.
1 Like
Barter has counter-party risk as well. A lot of real, practical barter involves exchanging something now for something later. If the other guy dies before he delivers, you are out of luck.
It so much reads like a paid shill, thats cringe.
El Salvador is the epicenter of Bitcoin adoption, and thus, economic freedom, financial sovereignty, censorship resistance, unconfiscatable wealth, and the end of the kingmakers, their printing, devaluating, and reassigning the wealth of the majorities to interests groups, the elites, the oligarchs, and the ones in the shadows behind them, pulling their strings.
And all of that in a country where police will get you out of street and put in jail without any trial. They will maybe get you out if you pay a lot of money, if they will not want to kill you there. BTC gives you nothing there.
1 Like
Maybe you should check who actually wrote it
I’m halfway through the article, they are right. How can a country collapse over a £50 million loss in value of their BTC? I wouldn’t have thought £50 million on a country scale could do that, I can see why I had my tin foil hat on, people want me to believe falsehoods.
If I wasn’t a person who tries hard to investigate things fully then I can see how I would have believed the narratives about El Salvador economy failing due to BTC investment. We live in a world where people will omit facts/info simply to push their narrative and they actually don’t care about the damage that can be done.
From my perspective BTC cannot be controlled in any shape or form, yes people obviously control the BTC they have purchased but that is as far as it goes. I have come to accept that there are people in this world who want to see the BTC value at £0 and will work overtime to try and make that happen, they will use every legal means to trick, lie and confuse others understanding of BTC.
A decentralised digital currency has been successfully seeded into our economy which is a 100% fact that needs to be accepted by everyone.
First of all, BTC is not the reason of their collapse, countries south of USA always had problems with economy because of their atrociously bad governing of finances and understanding of socialism. BTC is like a lens that shows how lacking their understanding of financial stability is. Imagine playing poker with your fathers money, or spending it on exclusive hookers and booze, then placing a gun to your fathers head and demanding more cash or you pull the trigger. That is equal to whats going on there. Bad investments all around.
Also socialism in economy should not be about giving people money and printing new, its about telling people what they should build for their own sake and hiring them to build it. Government can have cheap land, and they can hire people who will be told to build cheap housing. They can hire people to plant forests and give them land so they can feed themselves. Government can make people think about alcohol as a very bad thing, ostracize it. There is a lot of stuff that can be done. Its mainly about education and power of government to make things cheaply, using cheap workforce and cheap materials, in a way that profits society.
Very true in a normal situation when there is no pandemic to lockdown from or there is no war going on in a country that exports many things that a large part of the world needs. In some situations I now have a better understanding of why governments need to borrow. Taking myself as an example, I was locked down for over a year and had my salary paid in full, we must gain an understanding of how this money was generated, how it is paid back and how it will effect the economy.
The UK governments efforts to help their citezens resulted in the pound losing value which I think was inevitable. The situation is the UK imports a lot so we will see more price rises. We now have a tax cut so people will have more, now we just need to see if it will be enough to better support ourselves through this crisis.
Remember that tax cut is government spending less, so people actually having less.
Which was very bad for you and economy. Governments have been stupid in that.
Are you serious? what was the solution to stopping or slowing down an airborne virus if it wasn’t locking down?
Nothing stopped it. It wasnt necessary to lock people or immunize them with anything else than vitamins.