Sametboy2019

Yes agreed. Your most interesting statement: Crypto, compared to what we already have, is a giant step back, and no, it’s not because we are still early. Crypto has to solve problems that money with central authorities does not have to solve, and the price for solving them is high There are many situations that blockchain/crypto can solve and is definitely not a step back in. Two that come to mind are. One is finance. The current swift system is archaic and there are payment systems like wise or xe but none of these solve the issue with moving huge amounts of money like swift or cips which need nostro/vostro accounts to cover the payments. Another is logistics where blockchain can reduce bureaucracy and paperwork. Actually almost all sectors can be improved with blockchain.

I dont believe it replaces fiat. CBDC's are coming. People get scared about this but it doesnt have to be like China. Its like all technology...it can be used for good or bad. The most worrying thing is being switched off but even if physical money was obsolete we would find a way to trade with each other. Decentralized currency isnt a issue, its who you choose to be the custodian. Always store your stuff on a cold wallet. Remember that banks arent clean either (2008). They basically take your money and invest it. If everyone went and tried to take their money from their banks we would see its not there just like these crypto exchanges.

Yes this is all part of the process. The space has been built on a foundation of sand. I feel there is much more pain to come. Then in steps regulations and most crypto goes away. Invest wisely!

Because the first shift will happen in banking. The petro dollar game is almost up. With a new financial system comes a massive transfer of wealth. Mega wealthy dont want anybody else being wealthy....they just want more! I feel there is a whole lot of pain still to come though. DYOR and buy some coins.....stick it on a ledger and come back in 3 years!

Its all part of the plan! We are on the precipice of adoption of blockchain and they want as much people out as possible. Nobody in their right mind would be investing now but as they say "He who dares wins"

Must have some excess vaccines that need to be used

Probably ok with the smell of stale beer and cheap perfume around Sukhumvit though!

Best to know the laws before you start correcting others Medical use, with patients requiring a prescription, has been made legal since 2018. Since 2022, the Thai Food and Drug Administration officially removed cannabis plant from the Category 5 narcotics list. Possession, cultivation, distribution, consumption, and sales of all cannabis plant parts are legal.

No thanks. ETH gas fees are a joke. Thankfully there are a new gen of crypto that has solved all BTC and ETH shortcomings!

True but you dont think banks do the same thing? Remember the 2008 crisis? People in Lebanon now robbing their own banks to get their own money. Imo this crypto purge is to destroy the exchanges and hand the technology over to government custodians.

Interesting thread. The op has some balls spending 200k on bitcoin. All these bad players in the crypto space will usher in regulations and most cryptos will dissappear. There are a handful of cryptos will real world utility and I think they will be at the forefront in the next bull run. My thoughts in BTC and also ETH is what makes them different to any other technology that was the first on the scene like VHS was to watching movies or tapes were to listening to music. Newer, faster and all round better technology comes to the front and makes them obsolete. I don't think most people really understand where this technology does or where it's going but it will literally affect every part of our lives. Hopefully for the op Bitcoin has a part to play.

You won't even be able to get off the pier without somebody shouting "Where you go? taxi, minibus"

Finally some decent looking bud!

Lot of the CBD stuff smells and taste great. Mix this with some cheaper Thai stuff and it gives a good result!

Same as every year then

Removing all restrictions and downgrading the virus yet pushing pfizer vaccines for 6 month to 5 year olds.........Amazing Thailand!

So that many people have had it but the new campaign is let's inject 6 month Olds to 5 yr olds

Anywhere 10k from the sea and 10k from a city. Holiday home in the mountains

A photo of a boat and some vague information. No photos inside? https://www.facebook.com/Samui-Cruise-109621371798282

The Ministry of Public Health will sign a deal with Pfizer Its all about the "deal"

In 240BC Eratosthenes discovered the World was round just so he could trick people over 2000 yrs later????

Double vaccinated with sinovac July 21. Caught COVID 6 weeks ago ish. Bad headache, chills and weakness for a few days. Wife has had 2 sinopharm and one Pfizer , sick for over a week and serious cough and fever. 4 yr old Daughter had a fever, runny nose and cough. Ok after 24 hrs.

Again you keep showing me stuff about bitcoin. I'm not talking about bitcoin. I have shown you information that you can verify in 10 mins using Google but you keep choosing to dance around the information I'm giving you. Also yes you can withdraw 10 million baht. There are people moving much more. You obviously know nothing about the subject and I can't be bothered to keep going round in circles

Im sorry i didnt know you planned to keep it in Euro on Thailand. Not sure why you didnt leave it in the Euro account if you planned to keep it for 5 years but up to you as they say here. Ive told you the cost twice now....with XRP its less than a cent!! Now if you wanted to keep it in Euro then buy XRP to send (less than a cent) when in your other account buy EUROC {Fee is just over a cent) leave it until you plan to sell to Baht i presume!

"Now tell me how I would transfer 300.000 Euro to a foreign currency account with Kasikorn, and keep the balance in Euro using crypto." Why do you need to keep it in Euros when it gets changed to Baht when it hits your Thai bank? As i said earlier the cost would be under a cent! Thats the incentive with a crypto like XRP and other crypto coins and the 3-5 seconds it takes to finalize. You could send Euros using EUROC (a digital Euro backed coin) but i wouldnt know the cost. The end game for XRP is for retail to not even know they are using it. Essentially its for Central banks. If they adopt it fully then you will be just sending the currency of your country and the banks would use XRP as the settlement mechanism which would then be converted to the currency of the country that it is being sent to.