Because Bitcoin especially (through the Tether fraud) and cryptocurrency more generally is a pyramid scheme, of course Wall Street and venture capital need it to go mass market. It's the only road to getting out of their current investment at a profithttps://www.politico.com/news/2021/05/30/bitcoin-investment-wall-street-lobbying-491399 …
-
-
In Lebanon, there are thriving WhatsApp group chats. In Nigeria many people use BuyCoins, and many of these services that involve a “trusted third party” allow you to message the seller directly to arrange a deal.
-
So if there's a trusted third party, what's the point of using a blockchain based algorithm?
End of conversation
New conversation -
-
-
You really need to visit Tunisia, where there's no VISA and you can't even buy a Photoshop license or anything from the internet without getting blocked buy a wall of regulations aiming to preserve the local currency by isolating the population from the rest of the world.
-
So how do you turn Bitcoin into a currency you can transact in
- Show replies
New conversation -
-
-
In Tunisia every international transaction is done with bitcoin using social groups on Facebook and telegram, and this is giving hope in a country where it is a crime to buy something on the internet without permission of the central bank.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
It's like an unregulated money market fund
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This Tweet is unavailable.
-
Why not just answer the question?
End of conversation
-
-
-
Yes! A **currency** is an intermediary good in economic parlance -- it enables transactions so that I don't have to pay you for Service X with 35 chickens. But BTC et al are not transactional media as YOU CAN'T VIABLY TRANSACT IN THEM. So, pray tell, how are these "currencies?"
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
With a
#blockchain based#forex like@Jarvis_Network's#DeFi protocol, allowing you to self issue synthetic#FIATs by overcollateralizing cryptos, either alone or with incentivized counter parties. A#makerDAO for#FIAT#synthetics. Nigerian$NGN already on the way...$JRT.Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.