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Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country - Foreign Affairs (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country (23352 Views)

President Bukele Of El Salvador Has Deployed 4000 Soldiers To Three Communities / Protest In El Salvador As Bitcon Crashes After Government Makes It Legal Tender / President Nayib Bukele Takes A Selfie At 74th UNGA (2) (3) (4)

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Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by naijadrivablog: 4:13pm On Jun 09, 2021
Drug lords there now have a cleaner way to launder funds cheesy
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by mrkings84(m): 4:14pm On Jun 09, 2021
Rather than get a young leader to rule nigeria, our elites politicians have lined up ancestral spirits to rule this corntree for ages.....
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by Sniper4real(m): 4:14pm On Jun 09, 2021
Kriss216:

One of the advantages of having a young leader.

Our darling daddy is busy with cows and twitter ban.


And to think some group of people are cheering Tinubu an old man to replace Buhari an ancestor cry


Which our darling daddy undecided
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by Tundex911: 4:17pm On Jun 09, 2021
The president is 39years old...

Hope you dey think what I'm thinking., not old cargoes of this part of the continent.

Awon weyrey gbogbo

Smh
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by eagleonearth(m): 4:20pm On Jun 09, 2021
Icarus99:
Now is the time to stock up btc
Something tells me it will sky rocket but I don’t know if it’s the devil or village pipu talking
grin
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by Ghostmode2two(m): 4:21pm On Jun 09, 2021
Kriss216:

One of the advantages of having a young leader.

Our darling daddy is busy with cows and twitter ban.


And to think some group of people are cheering Tinubu an old man to replace Buhari an ancestor cry

Your own na to ban and continue banning to other aspect of livelihood
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by emmnprince(m): 4:28pm On Jun 09, 2021
light099:
Lame move.
Just one tweet from Elon Musk and your whole country finance is in jeopardy.

Why not create a stable digital currency like China?
Only a dummy puts a national faith in the volatility of cryptocurrency.
Crypto is only suitable for individual or private organization risk takers, not an official national thing.

What's the name of China digital currency?
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by ELKHALIFAISIS(m): 4:32pm On Jun 09, 2021
I think digital currency should be implemented worldwide
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by Emotionss: 4:34pm On Jun 09, 2021
[color=#006600][/color]
Kriss216:

One of the advantages of having a young leader.

Our darling daddy is busy with cows and twitter ban.


And to think some group of people are cheering Tinubu an old man to replace Buhari an ancestor cry

In Nigeria we don't vote competent individuals we vote base on tribe.

People like Obama of America, V.putin of Russia or Even Mandela will lose election in Nigeria if the come from the tribe we all love to hate.
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by focus7: 4:54pm On Jun 09, 2021
Nairamanly:
UAR go soon follow

Assurance na scam
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by donforeign: 5:01pm On Jun 09, 2021
Icarus99:
Now is the time to stock up btc
Something tells me it will sky rocket but I don’t know if it’s the devil or village pipu talking

Do you buy the btc to stock up or you mine it? Just wondering how people get btc
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by Gjmff: 5:03pm On Jun 09, 2021
grin
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by CryptoRepublic1: 5:07pm On Jun 09, 2021
naijadrivablog:
Drug lords there now have a cleaner way to launder funds cheesy

It shows that you don't understand crypto.

It's easier to launder cash than crypto.

1 Like

Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by YoungAncient1: 5:30pm On Jun 09, 2021
Pity for us and add doge, ripple, tron, cardano and even shiba inu to the list please.

1 Like

Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by Nobody: 6:00pm On Jun 09, 2021
Ekez:
Our country ban crypto but our honorable minister dey trade am secretly � grin grin grin
Them dey deceive zombie everytime.
If you check am no buhari dey trade crypto grin grin grin
I won't be surprised the CBN governor is an active trader.

1 Like

Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by Flamees(m): 6:10pm On Jun 09, 2021
yommen:


If you watch it closely, Ellon Musk's tweets will become useless in the nearest future since he is only playing mind games.
100% True
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by arcdone(m): 6:22pm On Jun 09, 2021
Why cryptocurrency matter?

The future of finance is crypto

Today, the 'reserves' that banks rely upon to create new money have no intrinsic value whatsoever. In other words, where once a bank might issue paper money equal to ten times the value of gold or silver coins they held in the vault, today there isn't a single ounce of gold or silver coins backing our currency. Today, our money is created using nothing but fiat paper and computer entries as reserves! There is no real money anywhere. Even worse, every dollar in circulation is inextricably tied to debt. What we are forced to use today is WORSE than fiat money, it is debt money."

"Our entire monetary system, as it now stands, is based on nothing but debt. Every physical dollar had to be borrowed into existence. So long as our entire money supply is made up of this debt money, the bankers are guaranteed to earn interest on every single dollar, every moment it exists. It also means our debt is inescapable. To pay off every loan, we'd have to give back every dollar the bankers have created.

"Bankers not only profit from this debt money system but also, they've structured their business in such a way that we (operating within the rules of the system) can never escape it.

Pi is developing, building an honest universal monetary system using blockchain technology.

Pi_Network is another Bitcoin in disguise, make your research..google and youtube are there for you. Something big is coming
Check my signature to follow the revolution and prepare yourself for the future to come

3 Likes

Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by SavageResponse(m): 6:39pm On Jun 09, 2021
Icarus99:
Now is the time to stock up btc
Something tells me it will sky rocket but I don’t know if it’s the devil or village pipu talking

It's village people grin
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by GMBuhari: 6:42pm On Jun 09, 2021
if you can please buy , but buy with money you believe is lost

some people can afford to by 100 btc at once, if it's just 100k , 20k or 2k own

just buy
Icarus99:
Now is the time to stock up btc
Something tells me it will sky rocket but I don’t know if it’s the devil or village pipu talking

1 Like

Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by Perfectbeing(m): 7:04pm On Jun 09, 2021
See a president wearing face cap backwards. But some Nigerian universities will make wearing a cap a big deal.
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by Sheriman(m): 7:09pm On Jun 09, 2021
light099:
Lame move.
Just one tweet from Elon Musk and your whole country finance is in jeopardy.

Why not create a stable digital currency like China?
Only a dummy puts a national faith in the volatility of cryptocurrency.
Crypto is only suitable for individual or private organization risk takers, not an official national thing.
People can't fall to Elon musk tweet again. If he says another thing in his tweet nobody will listen to him anymore
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by ogbu80(m): 7:12pm On Jun 09, 2021
Kriss216:

One of the advantages of having a young leader.

Our darling daddy is busy with cows and twitter ban.


And to think some group of people are cheering Tinubu an old man to replace Buhari an ancestor cry
this tinubu that is older than buhari o, ndi mmadu sef
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by Elchechereche2: 7:18pm On Jun 09, 2021
benzene00:
Doesn't change the fact that Bitcoin is going to the core earth grin grin >:


Dip
Buy the Dip
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by lkillbrokehoes: 7:25pm On Jun 09, 2021
Kriss216:

One of the advantages of having a young leader.

Our darling daddy is busy with cows and twitter ban.


And to think some group of people are cheering Tinubu an old man to replace Buhari an ancestor cry
Nigerian youths are really cursed, suffer no dey tire them
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by DollarBuddy: 7:39pm On Jun 09, 2021
Icarus99:
Now is the time to stock up btc
Something tells me it will sky rocket but I don’t know if it’s the devil or village pipu talking


Heheheheheeeee!!

Maybe one of the two... Maybe both ��
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by maasoap(m): 8:03pm On Jun 09, 2021
Kriss216:

[s] One of the advantages of having a young leader.
Our darling daddy is busy with cows and twitter ban.

And to think some group of people are cheering Tinubu an old man to replace Buhari an ancestor cry
[/s]

Absolute rubbish from you. That thing is too volatile to be used as legal tender. Crypto Currencies are being manipulated way too much.
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by Nobody: 8:21pm On Jun 09, 2021
emmnprince:

What's the name of China digital currency?
It's just simply, digital Yuan. Similar to pegged cryptos like USDT or BUSD, except that it is digital currency not cryptocurrency and it is controlled by China central bank.

Sheriman:

People can't fall to Elon musk tweet again. If he says another thing in his tweet nobody will listen to him anymore
People still do. It still happened two days ago.
Once you understand the difference between fiat and crypto, you know things like that are inevitable.

yommen:

If you watch it closely, Ellon Musk's tweets will become useless in the nearest future since he is only playing mind games.
Yea but not exactly about Musk. Just to show how liable cryptocurrency is to FUD.
If just a tweet can crash/shoot the market, then any other more important event can even wreck more havoc/good.
It's called crypto and volatility/uncertainty is name of the game.
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by CryptoRepublic1: 8:39pm On Jun 09, 2021
light099:

It's just simply, digital Yuan. Similar to pegged cryptos like USDT or BUSD, except that it is digital currency not cryptocurrency and it is controlled by China central bank.


People still do. It still happened two days ago.
Once you understand the difference between fiat and crypto, you know things like that are inevitable.


Yea but not exactly about Musk. Just to show how liable cryptocurrency is to FUD.
If just a tweet can crash/shoot the market, then any other more important event can even wreck more havoc/good.
It's called crypto and volatility/uncertainty is name of the game.

You guys are still not getting it,go and read the bill to have the full scope.

Price of goods is still in dollars, so when someone buys or sell,the goods will then be calculated in dollars,but if you chose to pay with btc it's then converted into dollars straight away if the seller so wish.

It's great moves from the country and many other countries will definitely follow suit soon.

I strongly believe that it'll attract a lot of investors to the country very soon.

2 Likes

Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by Bigshoe2028: 8:47pm On Jun 09, 2021
This means that the country can fork bitcoin now and has its own crypto more like a stable coin
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by Pharovo(m): 8:51pm On Jun 09, 2021
safesurfer:
Goodluck to them. I can't have any opinion on the crypto debate. I'm too broke to have any. Too broke to invest in local currency, too broke to invest in crypto.
So if you're pro or anti-crypto, I don't care. Whatever rocks your boat. angry

Oops, I guess that counts as an opinion undecided

Unsurprisingly, it does.
Re: Bukele: El Salvador Adopts Bitcoin As Legal Tender, The First Country by saintmm(m): 10:01pm On Jun 09, 2021
This must be a product of high powered international politics.
El Salvador economy an experiment for future financial route.
Take it or leave it, this guy knows what he's doing and whatever the outcome, he will still be strong.
Fingers crossed to see this international financial game goes.









I rise

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