BITCOIN

Zola.

https://www.axios.com/el-salvador-first-country-adopt-bitcoin-legal-tender-vote-2bdd819b-620b-4385-af6b-261676883628.html
It's probably nothing.

Adyinvestment

Zola. said:

https://www.axios.com/el-salvador-first-country-adopt-bitcoin-legal-tender-vote-2bdd819b-620b-4385-af6b-261676883628.html
It's probably nothing.

I wonder if in 20+ years if Bitcoin is some completely unbelievable price and El Salvador has topped Luxemburg people will remember this...

Scottex99

2010 - No one uses it.

2012 - Only computer nerds use it.

2013 - Only drug dealers use it.

2014 - Only money launderers use it.

2017 - Only gamblers use it.

2019 - Only a small percentage of the population uses it.

2020 - Only small companies use it.

2021 - Only small countries use it.

barnstar2077

Scottex99 said:

2010 - No one uses it.

2012 - Only computer nerds use it.

2013 - Only drug dealers use it.

2014 - Only money launderers use it.

2017 - Only gamblers use it.

2019 - Only a small percentage of the population uses it.

2020 - Only small companies use it.

2021 - Only small countries use it.

Fear of missing out is a powerful thing.

Qubit

Blue_Sky said:

I wonder how the US managed to get back the ransom paid in bitcoin from the bad guys?
https://www.bbc.co.uk/news/business-57394041

Bad guys rented cloud server.   FBI got a subpoena and took control of it and recovered coins (hot wallet and keys stored on server. Doh). 
 
TLDR - no Bitcoin was not hacked by the FBI 🤣

Scottex99

BRB, moving to El Salvador

Adyinvestment

barnstar2077 said:

Scottex99 said:

2010 - No one uses it.

2012 - Only computer nerds use it.

2013 - Only drug dealers use it.

2014 - Only money launderers use it.

2017 - Only gamblers use it.

2019 - Only a small percentage of the population uses it.

2020 - Only small companies use it.

2021 - Only small countries use it.

Fear of missing out is a powerful thing.

Absolutely, this is why I have recently got involved (not at the best time I might add)

More small countries are now showing interest in following El Salvador's lead, when would it get to the point that larger richer countries would buy some (maybe secretly) to store "just in case"

moneysavinghero

Scottex99 said:

2010 - No one uses it.

2012 - Only computer nerds use it.

2013 - Only drug dealers use it.

2014 - Only money launderers use it.

2017 - Only gamblers use it.

2019 - Only a small percentage of the population uses it.

2020 - Only small companies use it.

2021 - Only small countries use it.

2013, 2014, 2019 and 2021 are much the same.
El Salvador is ruled by gangs. Gangs that amongst other things have a nice drugs trade going on. A trade that would benefit from having a non-traceable currency. No great surprise that such a country would want to adopt bitcoin.

Scottex99

They already have untraceable cash USD, they dont need BTC to sell drugs

masonic

Qubit said:

Blue_Sky said:

I wonder how the US managed to get back the ransom paid in bitcoin from the bad guys?
https://www.bbc.co.uk/news/business-57394041

Bad guys rented cloud server.   FBI got a subpoena and took control of it and recovered coins (hot wallet and keys stored on server. Doh). 
 
TLDR - no Bitcoin was not hacked by the FBI 🤣

From what I've seen, it looks like DarkSide transferred the coins under duress to that specific wallet so that the FBI could gain control. It was not the wallet that initially received the ransoms. They should have stuck to only accepting Monero, which is the payment option they preferred.