How Thailand went from a tourist paradise to a crypto tech-giant!

[Neeranam]

Excellent Documentary showing the big players in Thailand.

 

[billd766]

How much tax does Thailand earn for every transaction?

[FritsSikkink]

12 minutes ago, billd766 said:

How much tax does Thailand earn for every transaction?

They will start this year with tax:

The taxman comes calling for crypto investors | Thai PBS World : The latest Thai news in English, News Headlines, World News and News Broadcasts in both Thai and English. We bring Thailand to the world

[Meat Pie 47]

12 minutes ago, billd766 said:

How much tax does Thailand earn for every transaction?

And how much do poor people earn from that?

[lkn]

Crypto-tech giant? More like how a population of people with few means and lost revenue from tourism are turning to gambling or other “get rich quick” schemes to try and improve their situation: We have seen similar many times before, often in developing countries with a less educated population.

 

P.S. there is a crypto forum, why don’t you post there? Those with an interest in crypto can follow that forum. If I posted fluff pieces about Herbalife or Amway ever other day in this forum, I am quite sure moderators would eventually start to notice and take action.

 

I wish moderators would do this for crypto, move all that <deleted> to the crypto forum!

[Neeranam]

19 minutes ago, lkn said:

P.S. there is a crypto forum, why don’t you post there?

This forum is about economy, business and investment. 

You don't have to read everything , jeez. 

[lkn]

7 minutes ago, Neeranam said:

This forum is about economy, business and investment. 

You don't have to read everything , jeez. 

But why don’t you use the crypto forum? You already know how many of us feels about this stuff, so why do you keep posting to the wrong forum?

 

It would be if I posted about Pattaya beer bars in the Chiang Mai forum and just told the readers they can just ignore my posts.

[Neeranam]

Just now, lkn said:

But why don’t you use the crypto forum? You already know how many of us feels about this stuff, so why do you keep posting to the wrong forum?

 

It would be if I posted about Pattaya beer bars in the Chiang Mai forum and just told the readers they can just ignore my posts.

But Tourism has nothing to do with Crypto. 

Why not apply for a job as moderator, then you can ban all crypto-related posts because you missed the boat. 

[rimmae2]

2 hours ago, lkn said:

But why don’t you use the crypto forum? You already know how many of us feels about this stuff, so why do you keep posting to the wrong forum?

 

It would be if I posted about Pattaya beer bars in the Chiang Mai forum and just told the readers they can just ignore my posts.

As the OP stated this forum is about business and the video is about business, albeit with an emphasis about crypto.

 

Give credit to Thailand and the dynamic, bright businesspeople in the video, rather than in which forum it has been posted. Forum is not just for the 'you know how many of us feels....' You don't have to read the post or open the video.

[Jingthing]

The video is more like a biased advertorial than a real documentary.

[BangkokReady]

8 minutes ago, Jingthing said:

The video is more like a biased advertorial than a real documentary.

Aren't crypto and NFTs basically just Ponzi Schemes anyway?

Edited February 8, 2022 by BangkokReady

[Stocky]

Quote

 crypto tech-giant!

Hardly, it's just gives Thais a legal form of gambling (currently).

 

One the government can attempt to tax under a veneer of it being 'Tech', and still let them crack down on old fashioned gambling dens that they can't tax.

 

.

Edited February 8, 2022 by Stocky

[mokwit]

2 hours ago, BangkokReady said:

Aren't crypto and NFTs basically just Ponzi Schemes anyway?

Steady on......

[Neeranam]

3 hours ago, Jingthing said:

The video is more like a biased advertorial than a real documentary.

 Biased to what? 

[Caldera]

Thailand has done quite well, I'd say. This is obviously a nice success story to bash for the negativity crowd on here, who tend to be just as anti-crypto as they're anti-Thai.

 

BitKub, in particular, has been great to watch, both the big story with all the obstacles faced along the way and from my own perspective as a user.

[Neeranam]

7 minutes ago, Caldera said:

Thailand has done quite well, I'd say. This is obviously a nice success story to bash for the negativity crowd on here, who tend to be just as anti-crypto as they're anti-Thai.

I really think it is sad how some are so against crypto adoption. They are fighting a losing battle, like the Luddites were when the destroyed modern machinery in 1810. 

I really can't see what they have against digitalization. It is because they don't know how to buy it?

One even said this documentary is biased

[billd766]

Well according to this website https://exchangerate.guru/btc/thb/1/ one bitcoin is worth 1,434,290.88 thb.

 

How can you break that down into spendable units of cash in Thailand?

[lkn]

28 minutes ago, Neeranam said:

I really can't see what they have against digitalization. It is because they don't know how to buy it?

Nothing against digitalization or even online gambling and speculative investments. What is annoying is the people who repeatedly post empty fluff pieces trying to get us all to put our money into this negative sum game with their FOMO rhetoric, unproven claims of 15% inflation, repeated references to us being old, being bitter about having missed the boat, or just not getting it, and yet when trying to have a real discussion about pros and cons, the response is generally just that some influencer is now invested, so clearly it’s all great and legit…

 

Anyway, time to use the ignore list.

[Neeranam]

4 minutes ago, lkn said:

Nothing against digitalization or even online gambling and speculative investments. What is annoying is the people who repeatedly post empty fluff pieces trying to get us all to put our money into this negative sum game

How is this video trying to get you to invest your money into anything? Crypto is an asset, not jus one thing. 

 

Jeez, unbelievable. 

[Neeranam]

5 minutes ago, lkn said:

Anyway, time to use the ignore list.

It's not rocket science. 

[Neeranam]

8 minutes ago, billd766 said:

Well according to this website https://exchangerate.guru/btc/thb/1/ one bitcoin is worth 1,434,290.88 thb.

 

How can you break that down into spendable units of cash in Thailand?

Not sure what you are asking Bill. 

 

I buy things with my crypto debit card. My crypto coin is transferred to the local currency. 

[Pravda]

I don't know if I should waste my time watching. A crypto tech giant?

 

That guy who sold his house to buy Bitcoin 5 years ago didn't move to Thailand, he moved his family to Portugal. 

 

 

[Neeranam]

7 minutes ago, Pravda said:

I don't know if I should waste my time watching. A crypto tech giant?

 

That guy who sold his house to buy Bitcoin 5 years ago didn't move to Thailand, he moved his family to Portugal. 

 

 

Was he a tech giant? I remember reading about him. 

[BangkokReady]

38 minutes ago, lkn said:

What is annoying is the people who repeatedly post empty fluff pieces trying to get us all to put our money into this negative sum game

Everyone seems very eager to get other people to invest.  Almost as though they are doing so because they think it will make them money, rather than the person investing.  I wonder if these people started out in MLM... ????

 

I rarely see anything that doesn't read like an advertorial.

[Caldera]

48 minutes ago, billd766 said:

Well according to this website https://exchangerate.guru/btc/thb/1/ one bitcoin is worth 1,434,290.88 thb.

 

How can you break that down into spendable units of cash in Thailand?

Easy, sell 0.001 BTC and withdraw 1400 THB to your bank account. Or whatever amount you need.

[Meat Pie 47]

51 minutes ago, Neeranam said:

It's not rocket science. 

Not to be outdone, Buffett has made his share of extremely cutting remarks about Bitcoin and cryptocurrency over the years: “I don't have any Bitcoin. I don't own any cryptocurrency, I never will,” he told CNBC in 2020.

 

Warren Buffett blasted Bitcoin as a worthless delusion and 'rat poison squared.' Here are his 16 best quotes about crypto.

 

https://markets.businessinsider.com/currencies/news/warren-buffett-best-quotes-bitcoin-cryptocurrencies-investing-rat-poison-squared-2021-1-1029974898

[Sametboy2019]

33 minutes ago, Meat Pie 47 said:

Not to be outdone, Buffett has made his share of extremely cutting remarks about Bitcoin and cryptocurrency over the years: “I don't have any Bitcoin. I don't own any cryptocurrency, I never will,” he told CNBC in 2020.

 

Warren Buffett blasted Bitcoin as a worthless delusion and 'rat poison squared.' Here are his 16 best quotes about crypto.

 

https://markets.businessinsider.com/currencies/news/warren-buffett-best-quotes-bitcoin-cryptocurrencies-investing-rat-poison-squared-2021-1-1029974898

Warren Buffet is old and set in his ways. I bet his grandchildren are invested in it and probably his companies.

[Meat Pie 47]

10 minutes ago, Sametboy2019 said:

Warren Buffet is old and set in his ways. I bet his grandchildren are invested in it and probably his companies.

Are you a billionaire ?

[Stocky]

12 hours ago, Neeranam said:

Was he a tech giant? I remember reading about him. 

Anyone in Bitcoin is a tech giant surely.

[billd766]

13 hours ago, Sametboy2019 said:

Warren Buffet is old and set in his ways. I bet his grandchildren are invested in it and probably his companies.

He also is not stupid. He invests in real things and over the decades he has become a billionaire which is something that very few people in the world can claim to be.