I just skimmed the post, it's from reddit afterall
El Salvador officially switched in 2021.
Since the switch the economy hasn't tanked.
More to do with cleaning up the gangs and cutting retirement entitlements than BTC.
El Salvador, the failed Bitcoin experience
- Thread starter Pekelo
- Start date
El Salvador officially switched in 2021.
Since the switch the economy hasn't tanked.
More to do with cleaning up the gangs and cutting retirement entitlements than BTC.
The idea is that even if Bitcoin loses its value by 99%, the value gained in countering the fiat onslaught is priceless. My view is that Bitcoin might in fact crash by 99%, El Salvador will still come out ahead by a length as it preserves its purchasing power over the dollar. Inflation is going to debase the quality of life in America, the question is how high are interest rates going to go?
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THAT would be true only if one used + held dollars alone, skipped Real Estate + every other investment :
+ ignored the 200 history of US money.
Which includes copper, brass, silver, copper coins the size of half dollars+ buckskins[aka bucks]......
I'm not saying all have to hunt deer LOL, nor am I saying inflation is a non issue.
I guess that is a positive. Not to mention it is just a legal tender, not the ONLY legal tender. But they lost plenty on the Prez's investments and mining operation.
Yeah, that is a no, dog. The investment part will fail. The adoption part has already failed.
This "system", the current fractional reserve banking system(1913) is based on 100 years of experimental economics, excluding QE....yes, gold is precious, but how many Americans own gold?
All of them?
"It is estimated that most computers contain one third of a gram of gold. They can be used in different parts, such as on motherboards, PCI boards, internal modems, circuit boards, and old computer processors."
All of them?
"It is estimated that most computers contain one third of a gram of gold. They can be used in different parts, such as on motherboards, PCI boards, internal modems, circuit boards, and old computer processors."
Irrecoverable to the point of meaningless.
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NOT me i traded my gold trigger Browning A5 12 gauge shotgun /good profit.
But i do like ;
copper,
nickles,
quarters,
silver quarters.
halves,
deer meat[aka bucks, aka buck meat, doe meat]
some silver halves,
dimes,
sold silver dimes not so much fun to count/LOL,
steel,
Real estate,
Fed notes of all numbers LOL.
Us dollars in SCHW account,
SCHW money market\ETFs\inverse ETFs.Nothing like a good Fed sy$tem + capitalism
It's a nice list you have there, but you should consider adding more, like how about some Rolexes?