Is there a reason you're not providing details because I'm going to have to call bullsh*t, why would a wire transfer be free from one country to another using traditional finance? And obviously if you're saying there's tons of solutions like that why can you not use it for the countries and amount I listed? Does it have to be Ukraine? is there some funny business going on like it involves shady business practices? I made the bitcoin transaction below earlier today
what details ??? Not following you ? Chase does not charge me a wire fee to send to Ukraine. I help my friends in Ukriane and that is why I send money there. And not just money. Apart from Ukriane few years back I wired around 1 k to Italy. I do not send money oversees too often. my examples show that crypto so far did not invent anything new.
Not if it's heading north of $100K and beyond as many experts claim. If they're right, the show's just getting started. In the Ukraine?! Naaaa. That never goes on there.
Come on RedDuke, we're just playing word games, Chase not charging you must be related to Ukraine, you know that cannot happen with any other country Yes, Western Union and MoneyGram exist, you say 1k to Italy, well, that's nice but you don't mention that it was free that time I gave you 2 specific instances, but you ignored them, why? I mean if you say there are tons of solutions, can you name one? I showed you a transaction I made over $21k in value using bitcoin with $1 in fee and block confirmation of 12 minutes Funny, you kept bringing up Germany that was transferring hundreds of millions of $ worth of bitcoin to exchanges, how much does Chase charge for those amount of value transfers? and what time frame?
I fully understand what it is and how works. My point is that has it not been for fake money aka Tethers we would never reach mania we witnessing. It is really this simple. still waiting for a single use case bitcoin solved.
Bitcoin doesn't have to solve anything...it's an inflation proof store of value. What does gold solve? Gold and Bitcoin were the same price a decade ago...how'd that work out for gold?
My point exactly gold is trading in real money moves with supply demand and so would BTC had it not been for fake money Tethers.
Wow.. how did I miss this thread? Sorry John that you're going at it alone here! LOL... I of course heard of the news, but just didn't see this thread. Reading through the 5 pages, its just so obvious how early we are given all the hate in this thread. Missing from the post is that he owns roughly 5 BTC, or the equivalent of $250k as per the disclosures I saw. This is fucking huge. You losers on here want to argue how shitty Bitcoin is when the future VP of the USA has more bitcoin than any of you losers ever will. Wake the fuck up! The other thing you losers need to understand is that perhaps the future POTUS and VP are preparing for very rough road ahead. I haven't seen any of you geniuses talk about how to balance the $35T debt with $2T yearly deficits, interest payments as the number 1 item in spending, and inability to drop rates from having their hands tied. I watch many podcasts and I see everything from people saying the only solution is to run high inflation for years to bring the Debt/GDP ratio back in line, to people saying the inflation prints will be so low from a shitty economy. The guesses are all over the place because of how fucked everything is. So I think the strategy here is to prepare for a world and monetary system that you will no longer be able to control. If the US positions itself to be a leader in the crypto world and ensures that they have a large enough percentage of coins and mining, its ensuring its dominance. Bitcoin taking over is gonna happen with or without the US blessing. I wouldn't be surprised if the US encouraged Germany to sell all the coins that the US can scoop up. As a side note... who is this that keep buying like crazy? The US, outside of being behind the USD, doesn't have the same superiority in other areas. Our manufacturing is shit, since most stuff is imported. All the high tech chips are made in Taiwan, with the machines necessary being made in Europe. But the US finds a way to make sure it has access to all of this. If the writing is on the wall that the dollar dominance is fading, it absolutely make sense that the US will want to be a major player in what comes next. So you idiots can argue all you want about Tether, but when Trump says he wants to make sure all bitcoin is produced in the US, and when his VP already owns 5 BTC, you'd be retarded to keep rehashing your same excuses over and over again. If you idiots want to be patriotic, buy some Bitcoin. Think of what happens when as a nation state, the US has over 10% of the bitcoin, just in its reserves, with major US companies controlling huge amounts as well, along with the citizens. Think of how easy it will be now for the US to push a BTC backed system when its already well positioned. Maybe the debt problems go away when the government shows a balance 200-500k bitcoins and instantly causes that omega candle we are waiting for. Think of how easy it is for the US to say, after it acquires enough bitcoin, that Bitcoin is now a strategic reserve asset. If its gold, other countries already have a tons, and they can keep mining. With Bitcoin, they will never be able to accumulate enough. As John pointed out, MSTR has 200k, and who else will ever have that? Its a US company, so its all good. Bitcoin is the strategic play of the century.
Simple math....aside from gold being useless...hard to store ..non transferable...Bitcoin is also more scarce. There are 5.6B ounces of gold which means Bitcoin is 266 times more scarce on a coin : ounce ratio...so Bitcoin should be atleast 266 times more valuable. $2020*266=538k. This is why Bitcoin is going parabolic...not because of tether .