Posted on 03/01/2021 6:38:35 AM PST by Vermont Lt
Bitcoin, that inexplicable cryptocurrency with mysterious origins, is gaining acceptance in Wall Street even as many other financial institutions remain skeptical.
Companies such as PayPal Holdings, Inc., Visa Inc. and MasterCard Inc. are now accepting the virtual currency, while Tesla Inc. is keeping some of its corporate treasuries in bitcoin. More than 12,000 bitcoins ATMs have popped up over the past year, while Toronto-based Purpose Investment launched the world’s first bitcoin ETF last month.....
(Excerpt) Read more at msn.com ...
I think it was our own dear metmom who posted a thread last month about her need for a new phone. She did NOT want some new fangled smart phone, but she did want a phone that could do this, this and this....
IOW, a Smart Phone.
I posted "Welcome to the 21st Century!" She posted back she was only here by necessity. Kicking and screaming.
lol.
Read his linked article by Citi via MSN.
This is not a ‘primer’. This is nothing but a current short on substance piece describing how Wall St is looking to get into this arena. That’s not a ‘primer’ anything.
You apparently haven’t been learning from whatever you’ve been following else you would know that this article is nothing, not even a footnote in the historical context.
Won’t say I am a naysayer but just skeptical. However could we see a future where pensioners demand their pension payments in bitcoin? The reason I ask this is many Americans once retired might want to find a way to escape big government and live off the grid. The main barriers to living off the grid are the comforts of modern society. If there was someway to be invisible to world governments and still get paid.....
There is something larger in the whole conversation that is not being elaborated on. That is the world order as it is now (so far). The USA has been the center of the world order say since the end of WW1. The dollar and the whole world order that we enjoy (low interest rates, dollar durability, safe and secure investments, ect) depend on that order. Not just the United States. As a Canadian I benefit from the US world order. But I believe it is ending, and there will be either be a collapse of the world order, OR, a new one centered around China. That is frigging scary.
“Try wiring $100,000 across the globe in 40 minutes for $32.”
Please.
I used my credit card numerous times while in New Zealand. It transferred money to merchants and services instantly and did so with no transaction costs.
“Very informative article that shows how cryptocurrency is immune to hackers, investors and most importantly, governments.”
Nothing created by Man is immune to other men. Neither are paper dollars, of course. They can be debased (Pre WWII Germany, Zimbabwe, Venezuela, etc.). They can be made illegitimate (Confederacy currency).
So can cryptocurrencies. I would say they are at least, if not more vulnerable.
They are dependent on technology, which is subject to many dangers physical currencies are not.
bump
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