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re: Official CryptoTalk Thread

Posted on 6/9/21 at 12:03 am to
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 6/9/21 at 12:03 am to
permanent residency if you invest 3 bitcoins
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 6/9/21 at 12:18 am to
link to listen. LINK
Posted by James11111
Walnut Creek
Member since Jul 2020
4662 posts
Posted on 6/9/21 at 8:21 am to
How many Sats will an order of pupusas run me?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 6/9/21 at 8:24 am to
geez brah. I'm going there soon so I'll let you know
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80781 posts
Posted on 6/9/21 at 8:30 am to
quote:

the united states and the IMF contacted him today, wtf

How long until the CIA gets involved and ousts this dude?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 6/9/21 at 8:39 am to
what do you mean by that? he said he has a meeting with the IMF on Thursday but he didn't think it would be a big deal

it was pretty fascinating to hear because... even though he is the president I don't believe he understands how big of a deal this might be

he pretty much implied that El Salvador accepting bitcoin is just going to help their country and the USA will be happy for them. lol
This post was edited on 6/9/21 at 8:40 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80781 posts
Posted on 6/9/21 at 8:42 am to
The US typically sends the CIA into countries to oust leaders that don't align with their agenda. If Bitcoin really is a threat, I'm wondering how long it will take before that happens.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 6/9/21 at 8:47 am to
gotcha. he seemed to suggest that the united states is not going to care.

it was wild to hear
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/9/21 at 9:10 am to
Just for people keeping score at home, if you care, watch the 3day candlestick graph. The lines you were interested in are the 7day and 99day moving averages the outcome of that will tell us what’s happening in the medium to long term.
This post was edited on 6/9/21 at 9:11 am
Posted by LSUJuice
Back in Houston
Member since Apr 2004
17673 posts
Posted on 6/9/21 at 9:33 am to
Does el Salvador even have the infrastructure for retailers to accept btc? How do you go from (presumably) an all cash system to btc? You've got a population that probably doesn't even use debit cards, and now they're supposed to whip out their iphones and pay out of their crypto wallet?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 6/9/21 at 9:35 am to
they've been setting up the infrastructure for years with bitcoin beach and yea most of the citizens do have cell phones.

the strike app is the most popular app in El Salvador, for example

not saying the transition is going to be smooth but it's been happening for awhile now

Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 6/9/21 at 9:40 am to
Doesn’t South American usually get the antiquated leftovers? Just saying. Might not be a long term bullish thing for that to be your first mainstream adopters. Could pave the way for ethereum to take over
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 6/9/21 at 9:47 am to
lol. tell me you dont understand bitcoin without telling me you dont understand bitcoin
This post was edited on 6/9/21 at 9:48 am
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 6/9/21 at 9:56 am to
The “read between the lines” you’re missing is these countries are going to need a shite ton of Eth for defi platforms.

Adoption of btc means adoption of eth.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 6/9/21 at 9:58 am to
yup. if bitcoin wins, ethereum/defi will win too

nothing is going to replace bitcoin though, thats just moon boy talk
Posted by LSUJuice
Back in Houston
Member since Apr 2004
17673 posts
Posted on 6/9/21 at 10:00 am to
Interesting. I'll definitely follow how all this unfolds. Can't fault me for being a little skeptical of Central American politicians
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 6/9/21 at 10:01 am to
It will be interesting to see the US/IMF response to this. With Trump’s reserve currency fight comments and now this movement in Latin America, very bullish long term. Very. This + ETF was always the adoption dream.

Near to intermediate term chart still broken. Tons of overhead supply. Tons of non-believers praying for a chance to sell at breakeven. It will take a while. And that’s fine. More accumulation opportunity.

Oops we’re out of fries, gonna have to log off now
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 6/9/21 at 10:03 am to
im going to el salvador this summer and ill take pictures and give some feedback on the situation on the ground
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80781 posts
Posted on 6/9/21 at 10:10 am to
quote:

Doesn’t South American usually get the antiquated leftovers? Just saying. Might not be a long term bullish thing for that to be your first mainstream adopters. Could pave the way for ethereum to take over

Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 6/9/21 at 10:10 am to
its $35k after the first country adopted it as legal tender

name a better risk/reward scenerio...ever

as was mentioned long ago, LN being succesful also makes thousands of alt coins irrelevant

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