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To: Codeflier
The difference is that those currencies can always be used to buy and sell in their “host” markets no matter how much they fluctuate against other currencies.

I have never heard of a country called Bit that has adopted Bitcoin as its currency. And I have never patronized a business establishment that accepts cryptocurrency for my purchases, either.

20 posted on 12/31/2022 8:14:54 AM PST by Alberta's Child ("It's midnight in Manhattan. This is no time to get cute; it's a mad dog's promenade.")
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To: Alberta's Child

You should do some reading. Many nations have recently declared Bitcoin to be legal tender, and retail adoption is quickly gaining traction in many places. On thte Isle of Man, I can pay with Bitcoin at my favourite pub (and quite a few other retailers). Lugano has something like 60 shops which accept BTC.


26 posted on 12/31/2022 9:44:13 AM PST by dinodino ( )
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To: Alberta's Child

“I have never heard of a country called Bit that has adopted Bitcoin as its currency.”

actually, two third world shiteholes have “officially” adopted bitcoin as their “currency”: El Salvador and the Central African Republic ...

no one actually accepts bitcoin in El Salvador except a couple of Popsicle stands, and the government lost its shirt when they bought bitcoin at its top (they’re now losing more shirts by buying additional bitcoin to “dollar cost average”)

Central African Republic is an even BIGGER joke since less than 10% of the population even has electricity ...


31 posted on 12/31/2022 9:54:34 AM PST by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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