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Jun 9 - TO THE MOON: El Salvador is Worlds 1st Country To Make Bitcoin LEGAL Tender



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 2 weeks ago '16        #1
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BathWaterMelody  topics gone triple plat - Number 1 spot x7
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Jun 9 - TO THE MOON: El Salvador is Worlds 1st Country To Make Bitcoin LEGAL Tender
 

 
El Salvador Makes History As World’s First Country To Make Bitcoin Legal Tender

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El Salvador has become the first country in the world to formally adopt cryptocurrency after its Congress voted overwhelmingly to approve a law classifying Bitcoin as legal tender, President Nayib Bukele said Wednesday, an initiative he hopes will boost foreign investment, improve financial inclusion and generate jobs.

KEY FACTS

Bukele, who announced plans to introduce a bill adopting Bitcoin as legal tender in El Salvador Saturday, said a supermajority of legislators in Congress had approved the law in a vote Wednesday.

The bill secured 62 out of 84 possible votes, Bukele said.

“History!” he added on Twitter.

Bitcoin is set to become legal tender in 90 days, meaning every business must accept the token for goods and services, alongside the U.S. Dollar.

Bukele has previously said this will make financial services accessible to the 70% of Salvadorans who do not have bank accounts and ease the transfer of remittances from abroad that make up around 20% of the country’s GDP.

KEY BACKGROUND

El Salvador has used the U.S. Dollar as official currency since 2001, which Bitcoin will join, not replace. The vote marks a major milestone in monetary history and could be a gamechanger for business worldwide as Bitcoin becomes a more practical a*set and the Central American state a cryptocurrency hub. The support of a nation state also could go a long way to dispel widespread skepticism of Bitcoin's long term utility and acceptance, though fears will remain over the token’s volatility. El Salvador’s plans may interfere with ambitions the nation has with the International Monetary Fund, where it is seeking a $1 billion program.

WHAT TO WATCH FOR

Other countries and banks may begin to adopt bitcoin, or other cryptocurrency tokens, in the future. Lawmakers in a number of Latin American countries have expressed at least a casual interest in following El Salvador’s footsteps, including Brazil and Panama.
visit this link https://www.forbes.com/si .. h=7e2b858eeaa3


@justin747 @JetLifeSwagg @1MikE @Jonny2soxs and other BX crypto haters in SHAMBLES image




Last edited by BathWaterMelody; 06-09-2021 at 09:37 PM..
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 2 weeks ago '16        #2
BathWaterMelody  topics gone triple plat - Number 1 spot x7 OP
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@ fire up the pupusas

we outchea.
+6   

 2 weeks ago '05        #3
bqstudios 
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and still aint budge.
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 2 weeks ago '04        #4
abstractq 
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in other news. . .The feds were able to trace that bitcoin ransom from the pipeline hack and give it back

If they get good at that, then theres REALLY no point to Bitcoin
+5   

 2 weeks ago '16        #5
BathWaterMelody  topics gone triple plat - Number 1 spot x7 OP
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 bqstudios said
and still aint budge.
market's up 5% this morning since yesterday's dip, but you would know right?
+3   

 2 weeks ago '16        #6
BathWaterMelody  topics gone triple plat - Number 1 spot x7 OP
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 abstractq said
in other news. . .The feds were able to trace that bitcoin ransom from the pipeline hack and give it back

If they get good at that, then theres REALLY no point to Bitcoin
bitcoin has a permanent online ledger that records every single transaction ever made

but you knew that already right?
+3   

 2 weeks ago '04        #7
abstractq 
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 BathWaterMelody said
bitcoin has a permanent online ledger that records every single transaction ever made

but you knew that already right?
yes

I also know that criminals like crypto because you can send and receive tokens anonymously and transactions aren't reversible

Which is why these ransomware attacks like what shut down the pipeline are paid in bitcoin

but the feds got most of that money back a couple days ago soooooooooooo. . .
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Top 10 most slapped recently  2 weeks ago '17        #8
justin747  topics gone triple plat - Number 1 spot x4
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 BathWaterMelody said

@ @ @ @ and other BX crypto haters in SHAMBLES




One of the most dangerous countries in the world with gangs and cartels and drug trafficking is adopting bitcoin, and that's supposed to leave me in shambles how exactly?

I thought this whole Crypto movement was supposed to be anti government. Now yall celebrating government involvement?




Yall so far in over your heard with Crypto. It's funny to watch.

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 2 weeks ago '16        #9
BathWaterMelody  topics gone triple plat - Number 1 spot x7 OP
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 abstractq said
yes

I also know that criminals like crypto because you can send and receive tokens anonymously and transactions aren't reversible

Which is why these ransomware attacks like what shut down the pipeline are paid in bitcoin

but the feds got most of that money back a couple days ago soooooooooooo. . .
yes.

you can send and receive money anonymously, securely, and expeditiously around the world, but every transaction has a unique ID number and any server can be seized.

bitcoin is not designed to help criminals and traffickers, it's designed to increase liquidity and reduce intermediary transaction fees

your pipeline hack ransom is irrelevant.
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Top 10 most slapped recently  2 weeks ago '17        #10
justin747  topics gone triple plat - Number 1 spot x4
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 BathWaterMelody said
market's up 5% this morning since yesterday's dip, but you would know right?




Bitcoin goes up and down 5% like every few hours every single day.


And you look fu*king crazy celebrating 5% increases after losing 50% in one day. Keep lying to yourself and thinking this is a good investment though.







A lot you Crypto experts have Walmart laptops with multiple viruses, but you're supposed to be an expert on imaginary internet money tokens somehow

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 2 weeks ago '04        #11
abstractq 
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 BathWaterMelody said
yes.

you can send and receive money anonymously, securely, and expeditiously around the world, but every transaction has a unique ID number and any server can be seized.

bitcoin is not designed to help criminals and traffickers, it's designed to increase liquidity and reduce intermediary transaction fees

your pipeline hack ransom is irrelevant.
lol. . .of course the devs for bitcoin didnt sit there and design it specifically to help criminals. . .but its features help criminals

and i dont know how often you buy things with bitcoin, but its pretty expensive to send it places. . .turns out its really really expensive to add these transactions to the blockchain, and even more expensive to do it quickly

wake me up when people are buying sh*t with their crypto regularly and not sitting on it waiting for the price to rise
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 2 weeks ago '16        #12
BathWaterMelody  topics gone triple plat - Number 1 spot x7 OP
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 justin747 said




One of the most dangerous countries in the world with gangs and cartels and drug trafficking is adopting bitcoin, and that's supposed to leave me in shambles how exactly?

I thought this whole Crypto movement was supposed to be anti government. Now yall celebrating government involvement?




Yall so far in over your heard with Crypto. It's funny to watch.

cocaine gon move regardless, whether paid in USD or BTC

I'ma just wait a couple years til the Coinbase ATM debit cards come thru.

walk up in the strip club like












banks won't lend to me cuz of my credit? that's cool.

just hit up a quick crypto smart contract like
+2   

 2 weeks ago '16        #13
BathWaterMelody  topics gone triple plat - Number 1 spot x7 OP
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 abstractq said
wake me up when people are buying sh*t with their crypto regularly and not sitting on it waiting for the price to rise
that's happening right NOW

did you read the article?

do you know the definition of legal tender?
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 2 weeks ago '04        #14
abstractq 
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 BathWaterMelody said
that's happening right NOW

did you read the article?

do you know the definition of legal tender?
Oh I do. . .legal tender refers to the ability to use as payment

not actual use

Maybe you missed this part of the article "El Salvador has used the U.S. Dollar as official currency since 2001, which Bitcoin will join, not replace."

I feel sorry for those that accepted BTC for payment a month ago thinking they got something worth 65k now its worth like half that. . .Or those that took their savings and put it into bitcoin a month ago for that matter. . .



That sh*t has to be depressing. . .
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Top 10 most slapped recently  2 weeks ago '17        #15
justin747  topics gone triple plat - Number 1 spot x4
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 BathWaterMelody said
cocaine gon move regardless, whether paid in USD or BTC

I'ma just wait a couple years til the Coinbase ATM debit cards come thru.

walk up in the strip club like

Oh word? Coinbase ATMs?

We have Crypto ATMs in LA. Guess what currency those ATMs despense?









banks won't lend to me cuz of my credit? that's cool.

just hit up a quick crypto smart contract like

Ah ok I see. So the Crypto Cult is also under 500 credit score?

Is that why yall love Crypto? It's easier to invest in imaginary internet tokens instead of fixing your busted a*s credit score?

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 2 weeks ago '05        #16
blah blah blah  topics gone triple plat - Number 1 spot x23
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Crypto is currently BEARISH. Not the time to buy
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Top 10 most slapped recently  2 weeks ago '17        #17
justin747  topics gone triple plat - Number 1 spot x4
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 abstractq said

I feel sorry for those that accepted BTC for payment a month ago thinking they got something worth 65k now its worth like half that. . .Or those that took their savings and put it into bitcoin a month ago for that matter. . .


That sh*t has to be depressing. . .

This whole paragraph is the truth.




I talk a lot of sh*t on Crypto, but that's only because that's what boxden responds too.

I legitimately feel bad for these dudes that are bleeding money in Crypto. None of them are looking at this from a tech standpoint or practical standpoint. They're just desperate to get rich without putting in any work
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 2 weeks ago '16        #18
BathWaterMelody  topics gone triple plat - Number 1 spot x7 OP
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 abstractq said
Oh I do. . .legal tender refers to the ability to use as payment

not actual use

Maybe you missed this part of the article "El Salvador has used the U.S. Dollar as official currency since 2001, which Bitcoin will join, not replace."

I feel sorry for those that accepted BTC for payment a month ago thinking they got something worth 65k now its worth like half that. . .Or those that took their savings and put it into bitcoin a month ago for that matter. . .



That sh*t has to be depressing. . .
who said it's "replacing" other legal tender?

you must missed the part when they said:
Bitcoin is set to become legal tender in 90 days, meaning every business must accept the token for goods and services, alongside the U.S. Dollar.




it must be even worse not understanding how the process of bitcoin halving works, having the chance to get in on the ground game before a $34K price value inevitably shoots to over $1 mil in a few years and not doing anything about it

now THAT sh*t has to be depressing.........

 2 weeks ago '04        #19
abstractq 
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 BathWaterMelody said
who said it's "replacing" other legal tender?

you must missed the part when they said:
Bitcoin is set to become legal tender in 90 days, meaning every business must accept the token for goods and services, alongside the U.S. Dollar.




it must be even worse not understanding how the process of bitcoin halving works, having the chance to get in on the ground game before a $34K price value inevitably shoots to over $1 mil in a few years and not doing anything about it

now THAT sh*t has to be depressing.........
genius

Businesses may be forced to accept it, but that doesnt mean people will use it

are you in a rush to use your BTC to buy some sh*t soon? Why would you?. . .you just got finished saying that you expect the value to go to the moon in a few years

Ive been watching bx talk crypto for years now, and no matter what happens with the price, bx always wants to hold

if everybody is holding. . .who is using this as currency?

And this is why its fundamentally worthless. . .everybody wants it to gain value and they say the value comes from the fact that people will use it for transactions

but people wont use it for transactions if its gaining value. . .
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 2 weeks ago '18        #20
DUCEDUCE  topics gone triple plat - Number 1 spot x1
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Bitcoin is finally getting the experiment everyone wanted a market where bitcoin was legal tender. This can propel bitcoin further.
+1   

 2 weeks ago '16        #21
BathWaterMelody  topics gone triple plat - Number 1 spot x7 OP
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 justin747 said
We have Crypto ATMs in LA. Guess what currency those ATMs despense?

you just proved my point

"imaginary internet money tokens" he said
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Top 10 most slapped recently  2 weeks ago '17        #22
justin747  topics gone triple plat - Number 1 spot x4
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 BathWaterMelody said
you just proved my point

"imaginary internet money tokens" he said
So lemme get this straight......




Crypto is supposed to be the future. At some point in the future, Crypto will replace old, tired FIAT as the currency of the US and the world.....

But you wanna convert your Crypto to Fiat, and your proud of that logic and don't even see the hypocrisy

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 2 weeks ago '16        #23
BathWaterMelody  topics gone triple plat - Number 1 spot x7 OP
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 justin747 said
So lemme get this straight......




Crypto is supposed to be the future. At some point in the future, Crypto will replace old, tired FIAT as the currency of the US and the world.....

But you wanna convert your Crypto to Fiat, and your proud of that logic and don't even see the hypocrisy

y'all doubters keep mentioning the word "replace" for some reason.

not sure where it's coming from, but it definitely wasn't me or the OP article

currency exchanges have been happening since the beginning of civilization.

crypto markets provide liquidity and speed for those exchanges.

crypto can't "replace" a currency anymore than Twitter.com could replace all other forms of communication exchanges, emails, phones, letters, etc.

Twitter just facilitates communication.
+2   

Top 10 most slapped recently  2 weeks ago '17        #24
justin747  topics gone triple plat - Number 1 spot x4
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 BathWaterMelody said
y'all doubters keep mentioning the word "replace" for some reason.

not sure where it's coming from, but it definitely wasn't me or the OP article

currency exchanges have been happening since the beginning of civilization.

crypto markets provide liquidity and speed for those exchanges.

crypto can't "replace" a currency anymore than Twitter.com could replace all other forms of communication exchanges, emails, phones, letters, etc.

Twitter just facilitates communication.
The crypto cult says crypto will replace Fiat, but do you realize how retarded you look investing in a currency that....


YOU DON'T EVEN USE AS A CURRENCY






Crypto can't be spent anywhere except online for dirty sh*t and now El Salvador. Have any of you goofy MFers even used Crypto as a currency to buy sh*t? It's fu*kin sloooooow. It's not "speedy" at all like you said


You Crypto Bros look lazy. You'd rather hope and pray that you can make some money in a crypto field you don't know sh*t about, instead of putting in work and learning some valuable skills to make money

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 2 weeks ago '16        #25
BathWaterMelody  topics gone triple plat - Number 1 spot x7 OP
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 justin747 said
The crypto cult says crypto will replace Fiat, but do you realize how retarded you look investing in a currency that....


YOU DON'T EVEN USE AS A CURRENCY






Crypto can't be spent anywhere except online for dirty sh*t and now El Salvador. Have any of you goofy MFers even used Crypto as a currency to buy sh*t? It's fu*kin sloooooow. It's not "speedy" at all like you said


You Crypto Bros look lazy. You'd rather hope and pray that you can make some money in a crypto field you don't know sh*t about, instead of putting in work and learning some valuable skills to make money

n*gga define currency

but you probably right mane, it's impossible to electronically facilitate
something that is used as a medium of exchange.
+1   



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