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09-20-2021
|  | Senior Member | | Join Date: Jul 2018
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Activity: 75% Longevity: 36% | |  Ecuador residents and citizens
Halloween comes early for them!
Will that free US$30 they receive from the government offset their loss??
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The complete step-by-step guide to get back to selling today!
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09-20-2021
|  | Executive [VIP] | | Join Date: Aug 2008
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Activity: 2% Longevity: 91% | | Re: Ecuador residents and citizens
Maybe give us a bit more info to make sense of the post.
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09-21-2021
|  | Executive [VIP] | | Join Date: Dec 2009
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Activity: 100% Longevity: 83% | | Re: Ecuador residents and citizens
On a sidenote, Ecuador was a nice country to visit - recommended
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09-21-2021
|  | Executive [VIP] | | Join Date: Nov 2015
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Activity: 0% Longevity: 51% | | Re: Ecuador residents and citizens
WTF are you talking about, agent?
Our own government has been handing out free money like it's candy for 2yrs now.
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09-21-2021
| | Senior Member
Threadstarter
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Activity: 75% Longevity: 36% | | Re: Ecuador residents and citizens
sORRY,IT IS EL SALVADOR NOT ECUADOr.
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09-22-2021
| | Executive [VIP] | | Join Date: Dec 2009
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Activity: 100% Longevity: 83% | | Re: Ecuador residents and citizens
Quote:
Originally Posted by agent006140  sORRY,IT IS EL SALVADOR NOT ECUADOr. | That's much clearer  El Salvador made bitcoin an acceptable recognized tender recently
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09-22-2021
| | Executive [VIP] | | Join Date: Nov 2015
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Activity: 0% Longevity: 51% | | Re: Ecuador residents and citizens
More info needed.
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09-22-2021
| | Senior Member | | Join Date: Sep 2017
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Activity: 0% Longevity: 40% | | Re: Ecuador residents and citizens
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09-22-2021
| | Senior Member
Threadstarter
| | Join Date: Jul 2018
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Activity: 75% Longevity: 36% | | Re: Ecuador residents and citizens
I wonder how the retail shops like accepting bitcoins?
Do the whoelesalers/manufacturers accept bitcoins?
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09-22-2021
| | Executive [VIP] | | Join Date: Aug 2008
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Activity: 2% Longevity: 91% | | Re: Ecuador residents and citizens
Apparently if they have the technological capacity to accept it they must since BTC is now legal tender.
Problem with mass adoption on every level would be the fact that according to a recent survey 54% of the population there is not familiar with Bitcoin...
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09-23-2021
| | Executive [VIP] | | Join Date: Nov 2015
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Activity: 0% Longevity: 51% | | Re: Ecuador residents and citizens
Quote:
Originally Posted by agent006140 I wonder how the retail shops like accepting bitcoins?
Do the whoelesalers/manufacturers accept bitcoins? |
The fees are outrageous so they're probably not liking it very much. BTC mining fees are so high now that BTC isn't practical for anything other than 4 digit or higher transactions. Litecoin is much faster, cheaper, scalable, etc. .onion's switched from BTC being the primary currency to LTC or XMR about a year ago due to exorbitant BTC mining fees. 
Seems this country jumped the gun and adopted crypto as an option before it was ready.
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09-23-2021
|  | Senior Member | | Join Date: Jul 2016
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Activity: 0% Longevity: 47% | | Re: Ecuador residents and citizens
Pretty sure the local rich enjoy it as a Store Of Value. Highly doubt anyone is buying coffee with it. When average people see what that 30$ turns into over the next few months im pretty sure they too will understand store of value no matter IQ. Everyone understands and gets dopamine release from Number Go Up. Its called game throry.
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09-23-2021
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Posts: n/a
Activity: 0% Longevity: 0% | | Re: Ecuador residents and citizens
Quote:
Originally Posted by phaz0rz The fees are outrageous so they're probably not liking it very much. BTC mining fees are so high now that BTC isn't practical for anything other than 4 digit or higher transactions. Litecoin is much faster, cheaper, scalable, etc. .onion's switched from BTC being the primary currency to LTC or XMR about a year ago due to exorbitant BTC mining fees.
Seems this country jumped the gun and adopted crypto as an option before it was ready. | I think they're on the lightning network
No fees bruh  |
09-23-2021
| | Senior Member
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Activity: 75% Longevity: 36% | | Re: Ecuador residents and citizens
When Bitcoin dropped to $41K,El Salvador government picked up some.
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09-23-2021
| | Executive [VIP] | | Join Date: Aug 2008
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Activity: 2% Longevity: 91% | | Re: Ecuador residents and citizens
The amount theyre picking up is negligible...
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