I realized that NU STNE JMIA MELI SE all claim to facilitate exchange between different currencies.
Ie, they just the platform. They don’t really care which currency is used.
I read books by John Kenneth Galbraith and Niall Ferguson trying to understand what money is. Neither could define it. Money is anything that people accept as money. Money is like the joker in a deck of cards, it’s a placeholder for value delivered (debt), an accounting system.
Bitcoin might be money but it is a terrible waste of energy that warms the climate as it wastes electricity.
I have not seen anything regarding limits for non-US $ denominated assets. Remember: Moving ONE Bitcoin (via a transfer system or by carrying it in your luggage, etc) exceeds US $10k, so we would have seen action by the US govt if it was required to be declared.
IIRC, the $10K level is for banks to report transfers over that amount. If you’re not using a bank then they can’t report it. Do Bitcoins require a bank to be involved?
With so many countries and now individual states saying they will have a Strategic Reserve holding bitcoin, it seems this would be a hot and interesting topic here on the fool. What say you fellow fools? I’m interested in this top as long as it stays clear of politics…doc
Carbone said that the policy goals The Digital Chamber will pursue through legislation are aimed at ensuring that the crypto and digital assets industries will have a durable regulatory framework that can withstand future administrative changes in the nation’s capital.
“I’m ready to really roll up our sleeves and make sure that we can pass some of this legislation to ensure that whether it’s a new administration in four years or in eight years that crypto is here to stay and we’ve created a legislative framework, and we at The Digital Chamber have influenced that legislative framework to make sure it does so.”
I have been buying some bitcoin, ALGO and XLM on this dip. Anyone else buying the dip? I know someone who made a fortune on bitcoin and he suggested a few so I bought a few…doc
I am curious if those states have a “strategic gold reserve”, and if not, why not? (Hint: it doesn’t do any good unless you’re backing a fiat currency with it to give citizens some assurance that the paper is “real”. Yes, I know, there’s not nearly enough gold, but that’s a different discussion.)’’
What does a “strategic crypto reserve” do for, say, Nebraska, unless they buy low and sell high, which I’m not sure is the stuff of dreams when it comes to government bureaucrats’ jobs.
What purpose is there for a “strategic crypto reserve” for anyone, including the US? Since it can be whipped up out of thin air (don’t even have to mine it out of the ground like gold or silver) what use is it? (You don’t even have to “mine” it at all. Just start a new one and announce “it’s the one” and presto: new crypto.)
