1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

the bossman

Superstar
Joined
Sep 4, 2012
Messages
10,883
Reputation
2,378
Daps
50,733
Reppin
Norfeast D.C.
that's just you NOT paying attention.

the only "now" is that you just woke up.

coin interoperability has been a major progression in crypto over the last few years.

one mechanism behind this is explained here: What Are Wrapped Tokens? | Binance Academy
my guy what on earth are you spazzing about now :gucci:

el salvador doesn't even have its own currency, so yeah they don't know what they are doing.

interesting move and all, but no one is taking lessons from a country that has failed to maintain its own currency.
that would be like the world taking inflation lessons from zimbabwe :picard: or mayweather taking boxing lessons from a youtuber :picard: .
El Salvador is just the first. As several other South American countries plan to follow suit, has the whole continent become clueless?
 

null

...
Joined
Nov 12, 2014
Messages
29,227
Reputation
4,894
Daps
46,442
Reppin
UK, DE, GY, DMV
my guy what on earth are you spazzing about now :gucci:

wrapped crypto ... crypto technology aka stuff you need to know



El Salvador is just the first.

let's wait and see shall we ..

As several other South American countries plan to follow suit, has the whole continent become clueless?

let's wait and see shall we .. and it depends on which countries

el salvador is NOT "south american", it is in central america :ufdup: .

there is a term in economics called "banana republic". it's a colloquial pejorative term for countries like el. salvador

wByY3NR.png



-

this has made news but has barely made serious business waves precisely because it is 6 million population, no currency having, "banana republic" el salvador.

if it were one of the major central banks of reserve currencies like USD, GBP, EUR, SFR (strong+stable), YEN then that would represent a paradigm change.

aI1r2Ak.png



and saying all of that it's only dual legal tender (as a 1st step?)

it is an interesting experiment but not much more than that.

BTC price would explode if the USA made it legal tender. el salvador, not so much. check the charts for yourself. Tesla and Elon's drunken / spliffed out tweets had a greater effect :ufdup:.

TL;DR - hold your horses. wait and see how this develops. we will know whether it is a positive big deal depending on how things develop.
 

Virtuous_Brotha

Superstar
Joined
May 3, 2012
Messages
9,030
Reputation
1,396
Daps
20,561
Reppin
NULL

DLo

All Star
Supporter
Joined
Sep 15, 2012
Messages
3,295
Reputation
495
Daps
10,052
They aren't letting BTC crack $40K... What's the next Elon tweet or fud that will come out?
 
Top