El Salvador becomes first country to adopt Bitcoin as legal tender

[Sneaky Oliver 22,981]

I honestly think this is going to become very common within a few years. Money should be all digital 

[Alvaro Moreno Ullrich 1,554]

On 6/9/2021 at 11:24 AM, Lucas said:

Am I the only one who think that virtual money is just an awful idea? 

I know that the money on our bank accounts is most likely just a number on a piece of paper but this is scary to think of all the ways that virtual money could go wrong

Money is just a concept. Just like my mental health

[Economy 52,859]

On 6/9/2021 at 11:24 AM, Lucas said:

Am I the only one who think that virtual money is just an awful idea? 

I know that the money on our bank accounts is most likely just a number on a piece of paper but this is scary to think of all the ways that virtual money could go wrong

I agree tbh

 

True fiat currencies arent truly backed by anything other than demand either... but at least they are official legal currencies which helps reinforce their status

 

A crypto currency could too easily be replaced by another or reguated out of existance

 

Remember north America in the early days of industrial revolution? A bunch of local currencies were creared by banks. The Government didnt like how caotic and messy it was nevermind how it was a threat to the governments dominance to control monetary policies... so they essentially pushed for the 1 standard National currency

 

Something like that could easily happen again. For the moment for me cryptos are still hype and speculation

 

The technology may be useful, but if they are gonna stick sooner or later Countries are gonna have their own official ones that they will support and they will try to put a damper on these other ones they cant control. Almost garanteed thats whats gonna happen

[gumzy3000 7,901]

I think cryptocurrency is the future. It has the potential to shift the whole class system. Rich countries could become poor and poor countries rich.

If anyone is investing in Bitcoin, Ethereum, Cellframe, Solana, etc now then you are one of the early adopters of a revolution and in the process, you might even make millions in the future.

I have a couple of friends who put $100k+ into crypto investments and they are telling me it will be increasing 10x more soon. They have done a ton of research into this and they are business savvy so I do listen to their advice somewhat.