| | 
09-20-2021
|  | Senior Member | | Join Date: Jul 2018
Posts: 12,205
Thanks: 1,656
Thanked 1,109 Times in 1,045 Posts
Activity: 92% Longevity: 33% | |  Ecuador residents and citizens
Halloween comes early for them!
Will that free US$30 they receive from the government offset their loss??
| |
The complete step-by-step guide to get back to selling today!
| | |
09-20-2021
|  | Executive [VIP] | | Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 18% Longevity: 91% | | Re: Ecuador residents and citizens
Maybe give us a bit more info to make sense of the post.
__________________ AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000 |
09-21-2021
|  | Executive [VIP] | | Join Date: Dec 2009
Posts: 76,074
Thanks: 5,945
Thanked 8,936 Times in 8,227 Posts
Activity: 100% Longevity: 83% | | Re: Ecuador residents and citizens
On a sidenote, Ecuador was a nice country to visit - recommended
|
09-21-2021
|  | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 5% Longevity: 48% | | 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.
__________________ ____________ _______ ___
|
09-21-2021
| | Senior Member
Threadstarter
| | Join Date: Jul 2018
Posts: 12,205
Thanks: 1,656
Thanked 1,109 Times in 1,045 Posts
Activity: 92% Longevity: 33% | | Re: Ecuador residents and citizens
sORRY,IT IS EL SALVADOR NOT ECUADOr.
|
09-22-2021
| | Executive [VIP] | | Join Date: Dec 2009
Posts: 76,074
Thanks: 5,945
Thanked 8,936 Times in 8,227 Posts
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
|
09-22-2021
| | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 5% Longevity: 48% | | Re: Ecuador residents and citizens
More info needed.
__________________ ____________ _______ ___
|
09-22-2021
| | Senior Member | | Join Date: Sep 2017
Posts: 3,205
Thanks: 955
Thanked 779 Times in 596 Posts
Activity: 0% Longevity: 38% | | Re: Ecuador residents and citizens
|
09-22-2021
| | Senior Member
Threadstarter
| | Join Date: Jul 2018
Posts: 12,205
Thanks: 1,656
Thanked 1,109 Times in 1,045 Posts
Activity: 92% Longevity: 33% | | Re: Ecuador residents and citizens
I wonder how the retail shops like accepting bitcoins?
Do the whoelesalers/manufacturers accept bitcoins?
|
09-22-2021
| | Executive [VIP] | | Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 18% 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...
__________________ AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000 |
09-23-2021
| | Executive [VIP] | | Join Date: Nov 2015
Posts: 10,834
Thanks: 2,079
Thanked 4,025 Times in 3,012 Posts
Activity: 5% Longevity: 48% | | Re: Ecuador residents and citizens
Quote:
Originally Posted by agent006140 I wonder how the retail shops like accepting bitcoins?
Do the whoelesalers/manufacturers accept bitcoins? |
The fees are outrageous so they're probably not liking it very much. BTC mining fees are so high now that BTC isn't practical for anything other than 4 digit or higher transactions. Litecoin is much faster, cheaper, scalable, etc. .onion's switched from BTC being the primary currency to LTC or XMR about a year ago due to exorbitant BTC mining fees. 
Seems this country jumped the gun and adopted crypto as an option before it was ready.
__________________ ____________ _______ ___
|
09-23-2021
|  | Senior Member | | Join Date: Jul 2016
Posts: 990
Thanks: 169
Thanked 412 Times in 270 Posts
Activity: 0% Longevity: 45% | | Re: Ecuador residents and citizens
Pretty sure the local rich enjoy it as a Store Of Value. Highly doubt anyone is buying coffee with it. When average people see what that 30$ 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.
__________________
Make Crypto Great Again 2024...
|
09-23-2021
|  | Executive [VIP] | | Join Date: Jul 2018
Posts: 4,713
Thanks: 959
Thanked 829 Times in 724 Posts
Activity: 9% Longevity: 33% | | 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
Threadstarter
| | Join Date: Jul 2018
Posts: 12,205
Thanks: 1,656
Thanked 1,109 Times in 1,045 Posts
Activity: 92% Longevity: 33% | | Re: Ecuador residents and citizens
When Bitcoin dropped to $41K,El Salvador government picked up some.
|
09-23-2021
| | Executive [VIP] | | Join Date: Aug 2008
Posts: 9,930
Thanks: 380
Thanked 2,659 Times in 1,966 Posts
Activity: 18% Longevity: 91% | | Re: Ecuador residents and citizens
The amount theyre picking up is negligible...
__________________ AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000 |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
|
