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submitted by /u/ymerglobal [link] [comments] |
Thursday, 12 January 2023
Why can't nations simply adopt bitcoin as the official legal tender??
For a very long time, we have always wondered why nations are afraid of making bitcoin a legal tender. Yes, we know they have central banks and we also know they want control. But wouldn't it be possible that nations use their reserves to purchase enough bitcoin to power their nations economies?
Alternatively, we have heard of some nations that are working to launch their own kind of crypto. Others like China seem to be working on their own blockchain.
But it still confuses me why nations/governments always seem to move slow on things that are as plain clear as cryptocurrency and bitcoin. Why??
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Wednesday, 11 January 2023
My New Bank is ME.!!
I bought some BTC way back then... Pretty much HODLed it as the term said. Then, came COVID and lost my job for 11 months. Times got tough all around and had to use some of that BTC to make ends meet. Hell, BTC was at 40+K back then. Unexpected expenses, bills, etc.
Today, I have my job and back on the regular payroll. BTC hits 16K and i've been buying my BTCs back!! If Bitcoin should go up again, it'll be like getting all those bills at a 50% discount.
I literally lent myself some money! I'm my own Bank! There's more that meets the eye to BTC. Get a little, hang on to it, and use it wisely!
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