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  1. johnarb

    Tether - Unaudited For 6 Years/Rejects Auditor Because...

    Bitcoin price is not tied to Tether or any stablecoin. You can buy and sell bitcoin using your bank transfer methods No one who doesn't want to, needs to touch Tether Tether and other stablecoins have many advantages that make them more valuable to cryptos people 1. They have high yields...
  2. johnarb

    Titanfall

    Thank you for the article Bitcoin is already very volatile but altcoins are even crazier Peak to trough, net worth is only down ~30% (so far ) and I consider that a huge win after being up over a 1500% in a year and half As you mentioned to me, Pekelo, I'm on Elite Trader forum but I don't...
  3. johnarb

    MicroStrategy Is Selling Corporate Bonds to Buy Bitcoin

    #bitcoin "MicroStrategy Inc. filed a “shelf” registration with the U.S. Securities and Exchange Commission to sell as much as $1 billion in common shares for general purposes, including the purchase of more Bitcoin." https://finance.yahoo.com/news/microstrategy-files-sell-much-1-212643856.html
  4. johnarb

    Bitcoin Price Thread

    I don't see the post that bone made a trade on bitcoin, are you sure you didn't mean baron? Maybe bone will confirm what you posted I purchased a bitcoin on 5/31 and a couple of btc's on 6/9, that I posted on ET How's your micro btc futures trading? I know you were looking forward to them but...
  5. johnarb

    The bitcoin flash crash of June 2011

    #bitcoin
  6. johnarb

    Bitcoin Price Thread

  7. johnarb

    Crypto Favorites

    For creating a new, decentralized financial system to escape the corrupt centralized existing one
  8. johnarb

    El Salvador hopes to becomes the world’s first country to adopt bitcoin as legal tender

    Yes, degens in the making :D He's a popular president because he's crazy like that, but maybe you have a valid point :)
  9. johnarb

    El Salvador hopes to becomes the world’s first country to adopt bitcoin as legal tender

    The bitcoin purists do not want a bloated blockchain, the idea is that for anyone to be able to run a full node Currently, you can run a full bitcoin node on a raspberry pi with a big enough storage (400GB blockchain size, but growing, so 1TB recommended) To scale Bitcoin and for immediate...
  10. johnarb

    El Salvador hopes to becomes the world’s first country to adopt bitcoin as legal tender

    1. A stablecoin on Ethereum L1 would cost more in transaction fees than the bitcoin on the Lightning Network which allows micro payments (pennies transaction value) 2. Their own stablecoin meant they would need to have the developer skills and the time to support, upgrade and maintain the...
  11. johnarb

    El Salvador hopes to becomes the world’s first country to adopt bitcoin as legal tender

    Your opinions do not matter. You hate btc because you missed out, that is your personal problem that you will never resolve The President of El Salvador proposed it and it was voted in last night. End of story
  12. johnarb

    El Salvador hopes to becomes the world’s first country to adopt bitcoin as legal tender

    Government $100M Trust Fund in a government owned development bank to allow anyone to convert to US $ without btc volatility risk Lightning Network
  13. johnarb

    The Cryptocurrency Trading Journal

    I don't live in El Salvador but if I were living there and I had a small shop selling ice cream, for instance, I would have 2 wallets, a non-government version and a regular wallet that supports bitcoin lightning So, let's say I sell $2 worth of ice cream and that's going to be enough to feed...
  14. johnarb

    The Cryptocurrency Trading Journal

    Yea, I heard that. Hope it works out well, lots of possibilities I think even the Tron foundation is interested in setting up an office there, who knows if Binance will be able to setup an office there and that invites other Cryptocurrencies firms to setup shop, i.e. Bitfinex for stablecoins...
  15. johnarb

    The Cryptocurrency Trading Journal

    El Salvador will have a $150M Trust fund to remove the volatility risk from the people who do not want to hold bitcoin. This will be in the development bank However, there is nothing in the current law that just passed a few minutes ago that they will add bitcoin in the reserve. The President...
  16. johnarb

    El Salvador hopes to becomes the world’s first country to adopt bitcoin as legal tender

    There will be a government trust fund that will allow anyone who gets paid in bitcoin to convert to US $ No risk for anyone who does not want the volatility risk but everyone has to accept bitcoin as legal tender even for existing loans They have 30 minutes to convert to US $. They can use a...
  17. johnarb

    El Salvador hopes to becomes the world’s first country to adopt bitcoin as legal tender

    The government wants to encourage regular citizens to have a savings account, since most of them are unbanked It is not a true savings account due to btc 'svolatility, so more like an investment account, where people hodl btc and participate in the upside as well as the downside Saw a video...
  18. johnarb

    Is BTC Reloading?

    Sorry I meant $33.5K, lol. That would have been an awful fill
  19. johnarb

    The Cryptocurrency Trading Journal

    Yes, very good points It's true that people's savings are low, $50 would be a big amount for a normal citizen in El Salvador, but multiplied by the adult population of millions, could add up, plus the remittance angle from US relatives could increase the number I'd imagine since people are...
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