• General

  • Crypto Currency - Believers Only

All over for FIAT when the FED get the printing presses brrrrrring again, MC.

    bosstrabs https://fred.stlouisfed.org/series/M2SL

    You knows it Dave, look at that curve! Inflated to death, following the same road as every other fiat currency while transferring wealth and prosperity to the masses. Genius

    Not heard of cryptgpt, i’m more interested in Telcoin who have just launched the start of their EU on/off ramp for global remittances, and Revuto who are launching a blockchain based subscription app.

    Also my Bitcoin DCA savings account is doing wonderfully well

        Hursty You knows it Dave, look at that curve! Inflated to death,

        To be meaningful, that curve needs to be shown alongside increases in real output in the economy.

          Is everyone looking forward to CBDCs then? Central goverment control over who, what and when you can spend your hard earned currency or borrow, sounds like great fun!

          #ProjectIcebreaker

          Lol

          Actually, depends what Elon thinks

          Lol

          This crypto seems like some craic, which one is authorised and regulated by a nation not including the democratic people’s republic of congo and accepted as legal currency in a first world country somewhere on our planet? Or are they all?

            -si-
            I have a Pen Pal in Nairobi who can help you with this Si

              -si- Its the trillion dollar scam mate, stay well clear

                a month later

                Signed up to the coinbase debit card, you can spend you’re crypto directly with it instead of having to convert to fiat and get the 1% reward of eth or 1.5% of btc every time you use it. It’s better than the crypto.com card as in giving crypto an actual use so there ya go mono!

                I’ve some ETH staked now at these levels you get 4.67% back annually but it sends the reward every 3 days don’t have to hold for a year like an ISA. Only good if you are confident crypto is near the bottom and isn’t a scam so not financial advise as it seems there isn’t many believers left on here!

                  Visa have introduced their own version of gas free transactions to ETH. Could be worth keeping hold of ETH for a bit longer if Visa are going to start getting into it big time.

                  Funky you can spend you’re crypto directly with it instead of having to convert to fiat

                  How does that work then? Surely the merchant would need to accept crypto?

                      I converted my Crypto to FIAT by literally trading half a Bored Ape for his Punto.

                      It was also gas free because he hadn’t filled it up.

                      “Coinbase will automatically convert all your cryptocurrency to U.S. dollars when making a purchase”

                      So it’s still a useless form of currency for most transactions then, hence the need for this card.

                        Hursty, I’m making the move over to Eternl as Daedalus is on schedule to open up for me in 2057 and I can’t wait that long to withdraw my 15 dollars.

                        mono-stereo Its still using the blockchain obviously you’re local shop need it in gbp but it’s directly subtracted from you’re crypto and no fee. There are more and more merchants accepting btc and eth via wallets so they receive as btc and it’s up to them if they want to convert to fiat. If you’re eth is going up in value the way it can it’s certainly better than having everything in gbp or euro. Plus you’re 1.5% back every time you use the card.

                        The card is reducing fees as you would have to convert to usdc incurring a fee then also incurring a fee to withdraw to bank.

                          The point is that you’re still not actually using crypto coins to pay for stuff with this card. It’s converted into GBP/USD as you actually pay for stuff.