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Post by Deleted on Oct 28, 2021 8:01:00 GMT
I wonder if this is the way of the future? I wonder who will start giving the option first. KDP?
Would you opt in if it were an option?
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Post by Ken on Oct 28, 2021 9:38:40 GMT
PayPal customers in the UK will now be able to use the platform to buy, hold and sell cryptocurrency, with investments starting at £1.
But PayPal payments can still not be made in Bitcoin, for example, directly.
Instead, the cryptocurrency will have to be sold for traditional currency and its value then used to make a cash purchase.
PayPal is initially working with Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
But the currencies cannot be sent to friends or family or transferred to or from of any other digital wallet.
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Post by Deleted on Oct 28, 2021 10:50:30 GMT
PayPal customers in the UK will now be able to use the platform to buy, hold and sell cryptocurrency, with investments starting at £1. But PayPal payments can still not be made in Bitcoin, for example, directly. Instead, the cryptocurrency will have to be sold for traditional currency and its value then used to make a cash purchase. PayPal is initially working with Bitcoin, Ethereum, Litecoin and Bitcoin Cash. But the currencies cannot be sent to friends or family or transferred to or from of any other digital wallet. Etoro has a Visa payout card. Do you know what that's all about? |
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Post by potet on Oct 28, 2021 11:19:50 GMT
Being 82, I am amazed by the concept of crypto money, and people having become rich a decade after they stashed rather small sums in bitcoins. Yet I wouldn't dare doing the same.
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Post by BlueAndGold on Oct 28, 2021 12:07:52 GMT
I prefer silver. And gold, of course. 
Ah, for the good old days...
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Post by Ken on Oct 28, 2021 12:24:31 GMT
Barter
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Post by Retread-Retired-Cameron on Oct 28, 2021 13:17:36 GMT
Bitcoin is like fiat money in that its only intrinsic value is the faith people have in it. en.wikipedia.org/wiki/Fiat_moneyIf I could receive royalties in gold, silver, platinum, or some other precious metal I'd go for that over bitcoin. |
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Post by Deleted on Oct 28, 2021 13:56:40 GMT
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Post by Deleted on Oct 28, 2021 13:58:45 GMT
Bitcoin is like fiat money in that its only intrinsic value is the faith people have in it. en.wikipedia.org/wiki/Fiat_moneyIf I could receive royalties in gold, silver, platinum, or some other precious metal I'd go for that over bitcoin. I watched a video a few days ago. Real money is on its way out. |
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Post by Deleted on Oct 28, 2021 14:00:24 GMT
Real shopping with it. Face to face. |
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Post by Deleted on Oct 28, 2021 14:02:31 GMT
Being 82, I am amazed by the concept of crypto money, and people having becoming rich a decade after they stashed rather small sums in bitcoins. Yet I wouldn't dare doing the same. They had blind faith. 😕 |
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Post by Retread-Retired-Cameron on Oct 28, 2021 15:32:49 GMT
Bitcoin is like fiat money in that its only intrinsic value is the faith people have in it. en.wikipedia.org/wiki/Fiat_moneyIf I could receive royalties in gold, silver, platinum, or some other precious metal I'd go for that over bitcoin. I watched a video a few days ago. Real money is on its way out. Unless you're using coinage [of copper, silver, gold, platinum, or some other valuable metal] or currency backed by a valuable metal, you're not using real money.
The Gold Standard, wherein currencies were backed by gold essentially ended in 1971. The US quit minting silver coinage for general circulation after 1964. The US last minted gold coinage in 1932. While the US [like other countries] mints precious metal coins they're not put in circulation but sold as investments since the value of the metal is greater than the face value of the coins, i.e.: a coin with a face value of $1 sells for $79]. catalog.usmint.gov/coins/precious-metal-coins/
Bitcoin is simply an electronic iteration of imaginary money without having been issued by a government or backed by anything real. A repeat of the Carrington Event would tend to prevent anyone from using electronic funds of any sort while repairs are made. You might want to keep some cash just in case even if it's old-fashioned.
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Post by Deleted on Oct 28, 2021 17:33:35 GMT
I watched a video a few days ago. Real money is on its way out. Unless you're using coinage [of copper, silver, gold, platinum, or some other valuable metal] or currency backed by a valuable metal, you're not using real money.
The Gold Standard, wherein currencies were backed by gold essentially ended in 1971. The US quit minting silver coinage for general circulation after 1964. The US last minted gold coinage in 1932. While the US [like other countries] mints precious metal coins they're not put in circulation but sold as investments since the value of the metal is greater than the face value of the coins, i.e.: a coin with a face value of $1 sells for $79]. catalog.usmint.gov/coins/precious-metal-coins/
Bitcoin is simply an electronic iteration of imaginary money without having been issued by a government or backed by anything real. A repeat of the Carrington Event would tend to prevent anyone from using electronic funds of any sort while repairs are made. You might want to keep some cash just in case even if it's old-fashioned.
Touché. You are definitely right about the first point and I hope you're right about the second. How weird a concept it is and yet they're converting it to cash. |
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Post by Deleted on Oct 28, 2021 17:35:00 GMT
I watched a video a few days ago. Real money is on its way out. Unless you're using coinage [of copper, silver, gold, platinum, or some other valuable metal] or currency backed by a valuable metal, you're not using real money.
The Gold Standard, wherein currencies were backed by gold essentially ended in 1971. The US quit minting silver coinage for general circulation after 1964. The US last minted gold coinage in 1932. While the US [like other countries] mints precious metal coins they're not put in circulation but sold as investments since the value of the metal is greater than the face value of the coins, i.e.: a coin with a face value of $1 sells for $79]. catalog.usmint.gov/coins/precious-metal-coins/
Bitcoin is simply an electronic iteration of imaginary money without having been issued by a government or backed by anything real. A repeat of the Carrington Event would tend to prevent anyone from using electronic funds of any sort while repairs are made. You might want to keep some cash just in case even if it's old-fashioned.
Come to think. of it, if today's money isn't backed by gold it's just as fake as cryptocurrency. |
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Post by Retread-Retired-Cameron on Oct 28, 2021 18:33:25 GMT
Unless you're using coinage [of copper, silver, gold, platinum, or some other valuable metal] or currency backed by a valuable metal, you're not using real money.
The Gold Standard, wherein currencies were backed by gold essentially ended in 1971. The US quit minting silver coinage for general circulation after 1964. The US last minted gold coinage in 1932. While the US [like other countries] mints precious metal coins they're not put in circulation but sold as investments since the value of the metal is greater than the face value of the coins, i.e.: a coin with a face value of $1 sells for $79]. catalog.usmint.gov/coins/precious-metal-coins/
Bitcoin is simply an electronic iteration of imaginary money without having been issued by a government or backed by anything real. A repeat of the Carrington Event would tend to prevent anyone from using electronic funds of any sort while repairs are made. You might want to keep some cash just in case even if it's old-fashioned.
Come to think. of it, if today's money isn't backed by gold it's just as fake as cryptocurrency. One difference between fiat money [currently used worldwide] and cryptocurrency is governments issue fiat currency and programmers designed the algorithms behind bitcoin independently of government.
Another difference is paper currency and pot-metal coinage can still be used to purchase supplies when electronic networks are down [with transactions plus applicable taxes written down] whereas it's hard to pull a bitcoin worth roughly $66,000 out of an electronic pocket when the system is down.
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