I heard a rumble in the bitcoin jungle ๐ ๐ ๐จ๐ท
New video! Pura Vida! ๐ค
Thank you to @paul keating for helping shoot this one!!
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I heard Bitcoiners are leaving El Salvador for Costs Rica because El Salvador is not really Bitcoin country and supposedly Costa Rica is the new Bitcoin country. Canada, is more Bitcoin country then both of those. I can travel all around Canada using my Bitcoin credit card.
I haven't watched your video but will soon
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Yeah man Costa Rica is far more attractive than El Salvador :)
PV @Gabi ๐ค
Sorry but I stopped watching at min 6 when you and Gabi start talking about taking a fiat loan backed by BTC.
That is not at all a bitcoin circular economy, is literally going back to fiat and also perpetuating the fiat existence.
Gabi needs more education in this matter.


Sr, It was not me who talked about a loan backed by bitcoin. I sustain that if I need cash and the price is very low , I will take a loan instead of selling btc, but I never said I would use it as collateral. It was Joe who used what I said for an advertisement and actually I was not very happy about it.
"Taking a loan" in fiat is the same as selling.
By demandinv more fiat with your signature you are simply creating more fiat and circulate it more.
Fiat must die.
Please read and understand how the creation of those fiat money you demand:


River
How does money printing work? | River Learn - Bitcoin Markets
Learn the basics of money creation and the key players involved, including the Federal Reserve and U.S. Treasury, and how money is generated and ma...
@DarthCoinSir, you're making several assumptions: 1. You're assuming I don't know this information. Is this some kind of prejudice? 2. You're assuming that when I talk about a loan, it's with a bank. I'm not creditworthy in my country; I don't have a credit card or a credit history. I have friends.
How is taking out a loan the same as selling Bitcoin? In my case, they're different things. If I sell Bitcoin to pay suppliers at half the price I received it for, I'm defunding my business. If I take out a loan to keep working until the price recovers and then reuse those funds without defunding myself, it's not the same. If you like theories, you've probably studied the characteristics of good money, and one of them is that it's widely accepted. Well, that's not the case with Bitcoin, and I'm part of a movement to expand its use, but we're not there yet. So I still have to use fiat currency to pay suppliers, and I'm not going to bankrupt my business by selling cheap BTC instead of getting some liquidity another way.
Yes, fuck banks and death to the Fiat and the whole 9 yards, sounds good, but I live in the real world where the Fiat still rules. Saludos โ๏ธ
@DarthCoinSir, you're making several assumptions: 1. You're assuming I don't know this information. Is this some kind of prejudice? 2. You're assuming that when I talk about a loan, it's with a bank. I'm not creditworthy in my country; I don't have a credit card or a credit history. I have friends.
How is taking out a loan the same as selling Bitcoin? In my case, they're different things. If I sell Bitcoin to pay suppliers at half the price I received it for, I'm defunding my business. If I take out a loan to keep working until the price recovers and then reuse those funds without defunding myself, it's not the same. If you like theories, you've probably studied the characteristics of good money, and one of them is that it's widely accepted. Well, that's not the case with Bitcoin, and I'm part of a movement to expand its use, but we're not there yet. So I still have to use fiat currency to pay suppliers, and I'm not going to bankrupt my business by selling cheap BTC instead of getting some liquidity another way.
Yes, fuck banks and death to the Fiat and the whole 9 yards, sounds good, but I live in the real world where the Fiat still rules. Saludos โ๏ธ
Gabi, DarthCoin is known in this community for having a very strict set of rules about bitcoin! He often has a good point, but also he puts it very aggressively so people are caught by surprise and people may feel attacked.
My recommendation is to read what DarthCoin has to say, filter out all the swear words and attacks and then think about it :)
Ok, thank you