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  1. Rassah

    How many furries know what Bitcoin is?

    One of the people in my Bitcoin Furs telegram group thought that way. He put in a stop loss order at $30,000, so that if Bitcoin touches that price, he automatically sells to limit the "maximum amount of loss" as you say. Bitcoin "flash crashed" touching $30,000, liquidating his positions, and...
  2. Rassah

    How many furries know what Bitcoin is?

    Bitcoin exchanges don't use FDIC. They use their own insurance. So if you lose 10 Bitcoin, you will get 10 Bitcoin, unless insurance takes too long to pay out during a period when Bitcoin goes up too rapidly and the exchange takes too long to buy that Bitcoin back. I did not know they're the...
  3. Rassah

    How many furries know what Bitcoin is?

    Seriously, why are you not able to wrap your head around this? "Assuming a price of $50,000 per kilogram, corresponding to around $1550 per troy ounce," what will happen is that as dollars are bought up to back the new US dollar gold reserve currency, that $1550 per troy ounce will climb to...
  4. Rassah

    How many furries know what Bitcoin is?

    Sure. And then it changed. Countries do that. It used 9/11 as an excuse to expand actual fascism, with domestic spying, propaganda and misinformation campaigns, etc. At this point the Soviet "if you suspect your friends and family of being enemies of the state, please report on them to the KGB"...
  5. Rassah

    How many furries know what Bitcoin is?

    It was a government rep in charge of communications. He would know. It doesn't conflict. The report says 150% connected cell phone usage. Even if every single person who owned a cell phone owned two, that's 75% of people connected. Obviously most people own just one (they're not that rich...
  6. Rassah

    How many furries know what Bitcoin is?

    Those with history, English, communication, and even accounting degree earn $30k. Apprenticeship jobs in HVAC, plumbing, and construction earn $60k and up. It's relative. Some universities also suck. And you can tell that finance degrees are insufficient, because a majority of bankers still...
  7. Rassah

    How many furries know what Bitcoin is?

    Someone is once again demonstrating his cluelessness on this subject by posting an article that uses Alex de Vries as a source As I've showed before, anything that uses him as a source can and should be dismissed outright. When people wilfully ignore or dismiss information from experts in a...
  8. Rassah

    How many furries know what Bitcoin is?

    Yeah, I know how internet infrastructure works. Yes, the article I posted said people have more than one phone. And number of phones is way over 100%. Obviously not everyone has two phones. Point of that was to illustrate that the percent ownership of phones with data is pretty high. I was told...
  9. Rassah

    How many furries know what Bitcoin is?

    I didn't know, and I'm honestly surprised. I'm guessing just basic university economics without expanding beyond what the books taught, taking such fallacies as "deflationary spiral" at face value. But I guess not too surprised, since a lot of economists and a lot of IT people don't get Bitcoin...
  10. Rassah

    How many furries know what Bitcoin is?

    At this point over 1.6 million El Salvadorians are using Chivo Wallet, meaning they're able to buy, receive, and use Bitcoin. And in other news, Chinese investors just found out why stashing their money in "real" and "physical" assets like real estate isn't always a good idea. Wonder how much...
  11. Rassah

    How many furries know what Bitcoin is?

    Seriously, I'm salivating at the prospect of El Salvador, Panama, and a bunch of other countries that have proposed a similar Bitcoin bill, or are planning on it, all switching from USD and local currencies to Bitcoin, and finally becoming completely immune to US sanctions and fascist...
  12. Rassah

    How many furries know what Bitcoin is?

    The change was the opposite of "major." The actual change is that "if you're a business, you must accept Bitcoin, if you're technically able to." It doesn't force anyone to use it, or to hold it, or do to anything with it. The 67.9% who opposed it did so because they didn't understand Bitcoin...
  13. Rassah

    How many furries know what Bitcoin is?

    Bitcoin isn't backed by anything. It's just a foreign currency with zero exchange fee there. If it was backed, you'd be getting a fixed amount of dollars for a fixed amount of Bitcoin, which defeats the whole reason El Salvador is adding it, which is that, like many other countries, they're...
  14. Rassah

    How many furries know what Bitcoin is?

    "a nation making what is actually quite a significant change to its financial system" That change being "you can pay with Bitcoin, if you want to, and if you get paid with it, you don't have to keep it, we'll swap it for dollars for you." Lol! "Significant" change indeed :p
  15. Rassah

    How many furries know what Bitcoin is?

    The president's attempt to circumvent term limits is that in El Salvador presidents serve for one term, and he wants to change it to two terms like in US. Evidently Bukele believes one term isn't going to be enough to clean out all the corruption and fix the economy by dismantling all the...
  16. Rassah

    How many furries know what Bitcoin is?

    I was on the ground in El Salvador the entire week, and I have connections to people who work with the president. Yes, the start was rocky where the demand and number of downloads of the app was so high that it broke the servers. The group running Chivo Wallet had to take it offline at the end...
  17. Rassah

    How many furries know what Bitcoin is?

    Whelp, El Salvador just adopted Bitcoin as one of their two main currencies (US dollar is the other one they use). I was there for the Sept 7th event with a delegation to help roll it out. So far, McDonald's, Walmart, Starbucks, and a few other major corps accept it there. And since they were...
  18. Rassah

    How many furries know what Bitcoin is?

    This is what exponential growth is like. Little, little, little, then suddenly a lot. Will be interesting to see what crypto does when stocks actually crash again, especially if the cause of the crash is high USD inflation...
  19. Rassah

    How many furries know what Bitcoin is?

    I know exactly how you feel. I recently had to make a similar decision, which was logically and financially not right, but for my own stress was necessary. And it was a HUGE stress relief once it was over, even if did have big financial opportunity costs. Good luck! I got a few more: MtGox...
  20. Rassah

    How many furries know what Bitcoin is?

    I heard a great analogy about Bitcoin from Michael Saylor recently. To paraphrase, Bitcoin is basically a life raft, in our global financial system which is a large luxury ship that is slowly sinking (which makes sense because Bitcoin is not reliant on anything or anyone, being completely...
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