MUTTY1
Waste of bandwidth
Ha! Last time I tried to take out a large amount of cash out of a high st bank there were lots of policemen
always reckoned you were self-employed for some reason
Ha! Last time I tried to take out a large amount of cash out of a high st bank there were lots of policemen
Of course, I forget anything (or one) that strays away from convention and doesn’t defer to type, of being suited and booted in an office environment, trading floor etc. must be lacking in credentials, give me strength!
Ha! Last time I tried to pay in a large amount of cash into a high st bank there were lots of questions. Should have stuck it in a bin bag
What a load of tosh! Being pushed to use Chivo, a gov’t funded and owned crypto wallet is what has happened in El Salvador (pedantic point, it’s “the Salvadorean people” not “the El Salvadorean people”) is exactly what he’s complaining about. Cash, whether dollars, euros, or colones, is the only way to pay anonymously, immediately, without censorship or oversight. Chivo, visa/Master/amex, Paypal, all track and monitor your transactions and can shut you off if they want. The same applies to CBDCs.
Note also that less than 2% of day to day transactions in El Salvador happen using Chivo, the majority are still conducted in USD. BTC is just not designed to be a fast, easy, transactional currency. It’s an asset that is being traded and speculated.
This fella speaks very highly of the Central Ponzi, I mean Banking System that you covert!
As @Amber Audio has said, this area is a learning curve and I openly admit I’m no expert, however, my eyes are wide open to learning and digesting as much information as I can and from all different perspectives. No doubt some of this will be better than others…
Think I'll pass on these:
https://yh.io/item-details/black-cape-worn-by-john-lennon-from-the-movie-help!/HB7Dm03rSg1TFDWK
NFT (i.e. an image) up for auction whilst the actual physical cape belongs to someone else.....the world has gone completely mad...
I can kind of see the case for NFTs when they're created as originals works
I've just been listening to a report on the BBC PM programme about Bitcoin mining in Kazakhstan. I was left wondering how long before there is a total collapse in confidence and the bottom drops out of the Bitcoin market.
Call me old fashioned, but the idea of El Salvador and Kazakhstan being key players in the Bitcoin market wouldn't be filling me with confidence if I were an investor, but then I like goldI don’t believe that’s going to happen, if it was, it would have done so by now
1 is runaway resource usage: currently bitcoin mining is estimated to consume the same amount of electricity as a medium sized economy like the Netherlands, and it's either not using renewables (one exchange which boasted of using only renewables was found to have contracted to buy coal-fired power), or it is taking renewables from systems which have better uses for it (Sweden has said it can't meet its Paris commitments unless crypto mining stops taking its renewable electricity). And it is calculated that 97.5% of all the transactions on the bitcoin blockchain are economically meaningless (ie, to do with the maintenance of the blockchain). If you look at the consumption of computing resource, it is estimated that every commercially meaningful transaction costs the equivalent of one Macbook in eWaste.