Phuket Considered for New Cryptocurrency Hub to Boost Tourism

[cowellandrew]

Great idea!

End of Thai banks monopoly on high Atm fees!

😁😁😁

[cowellandrew]

12 hours ago, Thailand said:

How many tourists pay with Crypto?

Me

[NoDisplayName]

Get your name in the paper announcing yet another hub in the hub of hubs, to stay relevant.

 

[PomPolo]

34 minutes ago, Dr B said:

I don't know anything about cryptocurrencies, but if 1 bitcoin is worth $105,000, how would I use it to but a beer, and how would I get my change? Thai Bt 3.5 million! Also, with regard to the OP, how many tourists are buying property?

A satoshi is the smallest element of a bitcoin and a satang is the smallest element of a baht so they are not worlds apart at the moment 🤣

[PomPolo]

37 minutes ago, Dr B said:

I don't know anything about cryptocurrencies, but if 1 bitcoin is worth $105,000, how would I use it to but a beer, and how would I get my change? Thai Bt 3.5 million! Also, with regard to the OP, how many tourists are buying property?

 

2 minutes ago, PomPolo said:

A satoshi is the smallest element of a bitcoin and a satang is the smallest element of a baht so they are not worlds apart at the moment 🤣

1 Thai Baht is approximately equal to 28 Satoshis and 100 satang so not too much dissimilar to their own currency and other currencies that the Thais have become assimilated to 🙂

[PomPolo]

1 minute ago, PomPolo said:

 

1 Thai Baht is approximately equal to 28 Satoshis and 100 satang so not too much dissimilar to their own currency and other currencies that the Thais have become assimilated to 🙂

The only thing I would correct myself on here you could go out at 7 o'clock at night with $100 worth of Satoshis/Bitcoin in your mobile phone, by the time you come to pay your bill at the end of the night you will be in debt with the unpredictability of the stupid fake money market

[mr_lob]

BOOST tourism?!? It's already MOBBED!!!

[connda]

14 hours ago, webfact said:

Prime Minister Thaksin Shinawatra

Current Prime Minister Thaksin Shinawatra, or Emperor Thaksin Shinawatra.  For a guy who came back to Thailand to "stay out of politics" and "live out his elderly years surrounded by his grandchildren" he sure seems to be at the center of the Thai political scene.

[KhunHeineken]

13 hours ago, Thailand said:

How many tourists pay with Crypto?

If the new tax on remittances starts to bite, perhaps retired expats will move to crypto to pay for things. 

[User One]

On 2/1/2025 at 5:09 AM, thaibeachlovers said:

Try standing behind some old idiot

Try to live to their age, and then we'll see who is an idiot

[hotsun]

No chance of this happening if it prevents the government from getting their cut

[Woke to Sounds]

22 hours ago, Sean60 said:

Crypto money is not fraud and it’s real.

 

A Ponzi scheme at best, and very clever one at that, backed by nothing but hot air, literally, all those CPU fans buzzing in air conditioned rooms...

 

But off you go mate.

 

I'd rather throw my shekels into tangible companies that actually make things!

[Woke to Sounds]

On 1/31/2025 at 5:13 PM, zzzzz said:

with the hassles  of paying with qr codes an your phone at places in Phuket ( i hate getting in line  behind someone doing this)
i can only imagine the problems this will bring

 

Cash is still KING buddy. Untraceable. No data mining.

 

Cheers buddy

[Woke to Sounds]

On 1/31/2025 at 5:16 PM, OneMoreFarang said:

I use that only if necessary, but if people are prepared for it, then it's a fast and convenient way to pay.

 

Once people get the microchip embedded in their skull the problems will be solved buddy.

 

Cheers

[DonniePeverley]

Hang on .... they want to boost tourism even more in Phuket ?

 

Christ ... 

[PomPolo]

Its alright all these people saying I have loads of bitcoins, I am super rich, if anyone is relying upon that as their future it is the most stupid thing possible.

The BTC (i guess currency now is so unpredictable) today you are a billionaire today tomorrow you could be broke, with a bit of luck as much as I want him to go to Mars it will be a lesson for Musk and if it happens he should just go homeless in New York or Washington or something, hopefully homeless without any internet connectivity to stop annoying all of us!

[PomPolo]

For all you bitcoin lovers this is what ChatGPT thinks and it's pretty close to the mark to be fair.  The writing is small if anyone needs glasses or any more clarification please post.

Please note the Tesla loss and the effects on the stock market.

Governments "may step in" and it would be another international financial F up, we wouldn't give a sht about DEI then!

And this has already happened on smaller scales if you look back through the volatility of BTC prices

Think about it if it goes much higher then where will all the money come from if someone decides to sell hugely i.e. Musks idiot Mars plan doesn't work out? It's not rocket science, well maybe it is in SpaceX science 🤣

[PomPolo]

Some people call him an innovator he is just an idiot that looked like a lost child at a wedding at Donald Trumps inauguration

[PomPolo]

Everyone reading this post is going to pay for Elon Musks stupid ventures and for that matter also all the state entities that have purchased it and driven the price up so when it crashes they wont have to shell out to all the banks to rescue their countries

Does anyone see the dual principle and irony here governments are buying it to be on the safe side, citizens are buying it as it looks like magic money, while the governments that govern them have increased the price by being on the BUY side with unlimited funds from their own citizens, and when it crashes with it's instability as a marketed currency the governments will have to explain why they bought that much bitcoin, musk will not make it to Mars but he can get on a Dingy to the UK we welcome anyone, even if they are a corrupt crypto (on paper) billionaire

[PomPolo]

If bitcoin crashes what buildings or assets do they have to sell in an attempt to recover any large market losses? Its all Fugazi!!!!! Watch this and then disagree with me 🙂
It's only about a 10 second clip so shouldn't take too much time out of anyone's day, but explains bitcoin 555

 

[KhunHeineken]

10 hours ago, Woke to Sounds of Horking said:

 

A Ponzi scheme at best, and very clever one at that, backed by nothing but hot air, literally, all those CPU fans buzzing in air conditioned rooms...

 

But off you go mate.

 

I'd rather throw my shekels into tangible companies that actually make things!

You do know that a lot of companies are investing in crypto, right? Probably the same companies you are investing in.  

[KhunHeineken]

34 minutes ago, PomPolo said:

If bitcoin crashes what buildings or assets do they have to sell in an attempt to recover any large market losses? Its all Fugazi!!!!! Watch this and then disagree with me 🙂
It's only about a 10 second clip so shouldn't take too much time out of anyone's day, but explains bitcoin 555

 

If a company collapses, shareholders are lucky to get 5 cents on the dollar.  Have you seen what happens where there is a "bubble" and it bursts? 

[KhunHeineken]

1 hour ago, PomPolo said:

Some people call him an innovator he is just an idiot that looked like a lost child at a wedding at Donald Trumps inauguration

You missed the part about him being the richest man in the world, therefore, he can afford to pay the best advisors, and those guys are smart. 

[KhunHeineken]

1 hour ago, PomPolo said:

Its alright all these people saying I have loads of bitcoins, I am super rich, if anyone is relying upon that as their future it is the most stupid thing possible.

The BTC (i guess currency now is so unpredictable) today you are a billionaire today tomorrow you could be broke, with a bit of luck as much as I want him to go to Mars it will be a lesson for Musk and if it happens he should just go homeless in New York or Washington or something, hopefully homeless without any internet connectivity to stop annoying all of us!

I'm not pro crypto, but it's clear you are anti crypto, probably because you do not understand it. 

 

Many governments around the world are looking towards a cashless society in the future, and that does not mean Visa or MasterCard.   They are looking towards having their own central bank issue their own currency in crypto. 

 

Blockchain technology has many benefits. 

[PomPolo]

16 minutes ago, KhunHeineken said:

You missed the part about him being the richest man in the world, therefore, he can afford to pay the best advisors, and those guys are smart. 

Had to laugh at this post how is he smart he was lucky to develop a website in the early .com boom that saw multiple people become now billionaires that's not smart that is just lucky, luck runs out eventually like when BC crashes.  I work with a 100 people that could develop an initial site better than FB PP AZ TT blah blah the list goes on

[PomPolo]

Saying bitcoin would come to an end is probably like saying (especially in Thailand) TikTok would come to an end as you would have 60 million zombies walking around the streets wondering where to get their next fix from.

Trump has valued it at 1 billion I highly doubt that, I am not a conspiracy theorist but it wasn't by accident an invitation got sent out to Zuckerberg, Musk, Cook, Bezos, Pichai and a bunch of others that had front row seats at his inauguration, as much as everyone slams Russia with the oligarchs I fear the US is heading in the same direction, and if Trump sells it to one of his 'buddys' my fears are confirmed.

[KhunHeineken]

34 minutes ago, PomPolo said:

Had to laugh at this post how is he smart

Had to laugh at your lack of comprehension.  

 

I didn't say he was smart, I said his advisors are smart.  That's what you get when you can pay top dollar. 

 

Read it again. 

[KhunHeineken]

21 minutes ago, PomPolo said:

if Trump sells it to one of his 'buddys' my fears are confirmed.

Sells what, exactly? 

 

What are your fears? 

[PomPolo]

2 minutes ago, KhunHeineken said:

Had to laugh at your lack of comprehension.  

 

I didn't say he was smart, I said his advisors are smart.  That's what you get when you can pay top dollar. 

 

Read it again. 

I don't need to read it again why does an advisor to the president of the USA need advisors? And on that note who advises the advisors of the advisors, riddle me that one!
It's a chain of evidence and the further you are away in the chain from the initial allegations the less liable you are, politicians are a$$h0l3s but they are not stupid!

[KhunHeineken]

4 minutes ago, PomPolo said:

I don't need to read it again why does an advisor to the president of the USA need advisors?

Maybe because he is the richest man in the world and has multiple companies around the world.