Coss Posted October 14, 2021 Report Share Posted October 14, 2021 And what you're saying is that Crypto is a way to make money, I don't dispute that. I'm saying that is will not replace money despite that being a good idea. "Most investors who trade stocks lose money," and there it is, the comparison to stocks. "The big boys are in it, they just aren't saying it. You dont have a trillion dollar market cap just by the masses, its from billions invested in it from the big banks, the 1 percent. What do they know that you don't? " Of course the Banks are in it, they'll seek to own what ever it is, that the proles have their money in. Then they loan you money to get more of it. Property, business, etc etc. When Crypto has made all of society a better place and rich to boot, I'll resile from my scepticism, until then and if I live long enough, it's a thing that will lose me money if I go for it. Link to comment Share on other sites More sharing options...
Steve Posted October 15, 2021 Report Share Posted October 15, 2021 I hear ya but I don't give a flying f*ck if it replaces money or not. Crypto has created scores and scores of millionaires of people who otherwise would have no chance and it created them quickly and in some cases without much money. They didnt have to rent a building, create a product or hire anyone. It has a trillion dollar market value. The only time in modern times that a trillion dollar industry has gone by the wayside is if something else replaces. I'm trying to think of a trillion dollar "business", "asset class" or whatever that has gone by the wayside. Billion dollar industries have (makers of VHS machines, etc) things that replaced by an improved product that replaces. Until something replaces cryptos, its here to stay and it won't be overnight. VHS tapes didn't go out of style overnight. The writing was on the wall months and months prior. All I know is that its been without question the best investment I've ever made. You guys have no idea...hehehe. Link to comment Share on other sites More sharing options...
Mekong Posted November 5, 2021 Report Share Posted November 5, 2021 On 9/26/2021 at 7:51 PM, chocolat steve said: I'd love to have an update from Stonesoup if anyone knows him. Stone Soup, or should I say his real life persona is still posting on LinkedIn. I don’t really know him just met him 2-3 times at board get togethers, the last time must be 7 years ago now. Not connected to him directly on LinkedIn it we have mutual connections so I sometime see his posts. He has posted nothing so far to indicate that he is a multi-millionaire who can afford to turn his back on the daily grind and still earning his dollar and still in the same business as he has been for as long as I have known of him. Link to comment Share on other sites More sharing options...
Coss Posted November 5, 2021 Report Share Posted November 5, 2021 I get 'coin scams targeting me ( I have an email address that is less private, for that purpose). In one, it was an innocuous web page link, that looked like a link to the NZ Herald, our national newspaper, that went to the very good copy of the real site, with a hero article, showing Eion Musk and a start up that was earning him $28K a day, all presented as news. Of course, click on the link, to the start up and, what's your name, email, phone, and credit card details..... But very, very, well done. Mind you - someone sent me a, vaccination queue text, asking for details too, easy that one, "Warmest Greetings......" And I got this (name removed) Covid test result from Indonesia. To the best of my knowledge I've never been to Indonesia. Did lose a week in Bangkok once, but no signs I left the country. Link to comment Share on other sites More sharing options...
Coss Posted January 25, 2022 Report Share Posted January 25, 2022 Bank of Thailand promotes Stablecoins to pay for goods and services The Bank of Thailand (BoT) is planning to promote the use of Stablecoins to pay for goods and services and to help develop financial innovation. The central bank has been drafting regulations on the use of digital assets, which will be implemented soon. The bank has also been studying how federal banks in other countries supervise digital assets. According to the BoT’s senior director of the economic and policy department, Sakkapop Panyaukul, some countries ban the use of digital assets, some wholly support them, while many others use a neutral policy. For example, El Salvador has been using Bitcoin as its legal tender. On the other hand, China bans cryptocurrencies entirely and lists cryptocurrencies and related assets as illegal... https://www.pattayamail.com/thailandnews/bank-of-thailand-promotes-stable-coins-to-pay-for-goods-and-services-387403 Link to comment Share on other sites More sharing options...
khunsanuk Posted January 26, 2022 Report Share Posted January 26, 2022 Hi, >For example, El Salvador has been using Bitcoin as its legal tender. Right, and that has turned out well. <\sarcasm> Sanuk! Link to comment Share on other sites More sharing options...
Mekong Posted January 26, 2022 Report Share Posted January 26, 2022 The cynic in me thinks this may be due to Thailand imposing 15% Capital Gains Tax on Crypto Link to comment Share on other sites More sharing options...
Mekong Posted January 26, 2022 Report Share Posted January 26, 2022 Looks like the left hand doesn’ know what the right is doing. Again From Todays Post Thailand plans to ban digital asset operators from facilitating use of crypto as a means of payment for goods and services, its central bank and market regulator said on Tuesday, in a bid to limit risks. Digital asset business operators have expanded their businesses to cover services related to the use of digital assets as payments, which may result in a wider adoption of such activity, the Bank of Thailand, the Securities and Exchange Commission and Ministry of Finance said in a joint statement. That could potentially impact financial stability and the overall economic system, it said. Link Link to comment Share on other sites More sharing options...
My Penis is hungry Posted January 26, 2022 Report Share Posted January 26, 2022 Link to comment Share on other sites More sharing options...
paul101 Posted February 1, 2022 Report Share Posted February 1, 2022 Ponzi scheme with nothing behind it except greed, gullibility and a belief it will always go up Link to comment Share on other sites More sharing options...
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