BitCoin office opening in Cabarete

[windeguy]

The official opening of the 'Bitcoin & Crypto shop' in Cabarete is tomorrow from 8:30am until 6pm.

Our 4 main services:-
We will buy Crypto for you in exchange for cash
We will buy your cash in exchange for Crypto
We offer Crypto Fund management
We offer Consultancy for beginners to help you understand how to buy and sell Crypto
We look forward to meeting you in our office very soon.

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[DR_Guy]

LocalCryptos

localcryptos.com

I also buy and sell bitcoin. Always good to check your prices.

 

[RDKNIGHT]

 

[windeguy]

I am not interested myself, but others might find that new business useful.

 

[windeguy]

I shared this news with a friend of mine, a VERY smart individual, who retired from the use to Santiago, Chile and his immediate response was:

When salaried workers are paid in bitcoin, then it is real. When future contracts are settled now in bitcoin then it is real. But when you have to go cash--->bitcoin--->cash, it a speculative asset, probably going to crash after it is declared illegal.

 

[jd_mine]

This office seems quite useless to me.
Anyone with access to the internet does not need this office. You can do it all yourself.
The only people this office might be of use to is the unbanked, people who have no bank account and credit cards.

In regards to declaring it illegal: good luck.
The beauty of BTC is governments can not do anything about it as long as there is internet.
The only thing they can do is make the fiat on and off ramps more difficult.
And yes, it is a speculative asset, more a store of value these days, but that same argument can be made for a lot of assets.

 

[windeguy]

This office seems quite useless to me.
Anyone with access to the internet does not need this office. You can do it all yourself.
The only people this office might be of use to is the unbanked, people who have no bank account and credit cards.

That is what I thought as well. I don't expect such an office to last very long. Other places in the world have Bitcoin ATMs. Why not the DR?

In regards to declaring it illegal: good luck.
The beauty of BTC is governments can not do anything about it as long as there is internet.
The only thing they can do is make the fiat on and off ramps more difficult.
And yes, it is a speculative asset, more a store of value these days, but that same argument can be made for a lot of assets.

I have no idea on how governments could interfere with Bitcoin. Time will tell on that. Seems difficult to stop, at best:

Could Governments Ban or Destroy Bitcoin? What You Need to Know

Could governments or other authorities ban Bitcoin? How secure is the network ? Find out more in our Complete Guide

blockonomi.com

 

[MariaRubia]

Am I right in thinking that a lot of drug-related transactions are handled through Bitcoin? I imagine if you were involved in that type of business, you'd probably prefer to convert to cash somewhere like this rather than having it deposited in a bank account. Just sayin...

 

[malko]

Am I right in thinking that a lot of drug-related transactions are handled through Bitcoin? I imagine if you were involved in that type of business, you'd probably prefer to convert to cash somewhere like this rather than having it deposited in a bank account. Just sayin...

Wrong. Bitcoin has a transaction ledger open for all to see. You cannot hide a transaction.

Want to do anonymous transactions ? Use Monero.

 

[jd_mine]

Wrong. Bitcoin has a transaction ledger open for all to see. You cannot hide a transaction.

Want to do anonymous transactions ? Use Monero.

Exactly, for some reason no government seems to grasp BTC is completely transparent.
Every transaction is public on the blockchain.
Although there are ways around it by for example 'laundering' the BTC by hussling fragments of it through a multitude of addresses.
But if you want to use crypto for criminal means, it is way better to use privacy coins like Monero.
Still, 99% of illegal money is still done in cash and bank accounts in Panama and the like. You never hear governments complain about how the cash money they themselves print is used for illegal means like the drug trade.
Governments mostly complain about BTC because it is out of their control....

 

[HDR]

Exactly, for some reason no government seems to grasp BTC is completely transparent.
Every transaction is public on the blockchain.
Although there are ways around it by for example 'laundering' the BTC by hussling fragments of it through a multitude of addresses.
But if you want to use crypto for criminal means, it is way better to use privacy coins like Monero.
Still, 99% of illegal money is still done in cash and bank accounts in Panama and the like. You never hear governments complain about how the cash money they themselves print is used for illegal means like the drug trade.
Governments mostly complain about BTC because it is out of their control....

It was not out of China's control... And India next? The electricity consumption for mining and transactions... and then one of the big talks in governments is the global warming (true or not), energy etc. I have a hard time seeing that they will not interfere at one point.

 

[HDR]

But yeah I had BTC and Ethereum (via ETFs) bought BTC at 2,8k and sold at 9k... wish I would not have done that though

 

[jd_mine]

It was not out of China's control... And India next? The electricity consumption for mining and transactions... and then one of the big talks in governments is the global warming (true or not), energy etc. I have a hard time seeing that they will not interfere at one point.

There is a difference between mining BTC, for which you need psychical data centers and just owning BTC.
The miners have left China and set up shop in the US, some now use green energy to mine the bitcoin.
I am not saying governments have no control (although of course more in totalitarian countries like China), but they cannot stop bitcoin itself.
What they can do is make it near impossible for you to convert your fiat money to BTC and vice versa. It is not much use owning BTC if you can't convert it to dollars/euros.
But there will always be a way to do that, just might be too cumbersome for the regular public.

 

[Big]

I give it six months max before its turned into a bar or fried chicken joint, or maybe one of those massage joints that have 2 Haitian chicas sitting of front saying "massage for you" every single time you walk by.

 

[HDR]

I give it six months max before its turned into a bar or fried chicken joint, or maybe one of those massage joints that have 2 Haitian chicas sitting of front saying "massage for you" every single time you walk by.

They get a lot of positive responses to their "shop" on Facebook... Offering to trade BTC for cash and vice versa. Will be interesting to see what happens.

 

[HDR]

There is a difference between mining BTC, for which you need psychical data centers and just owning BTC.
The miners have left China and set up shop in the US, some now use green energy to mine the bitcoin.
I am not saying governments have no control (although of course more in totalitarian countries like China), but they cannot stop bitcoin itself.
What they can do is make it near impossible for you to convert your fiat money to BTC and vice versa. It is not much use owning BTC if you can't convert it to dollars/euros.
But there will always be a way to do that, just might be too cumbersome for the regular public.

The bold That is a way to interfere. And yeah, then if you cannot buy things with the it, what is the inherent value? That said, I have very smart friends, one could call some of them geeks, that are invested and are bullish so...

 

[chicagoan14]

That is what I thought as well. I don't expect such an office to last very long. Other places in the world have Bitcoin ATMs. Why not the DR?

I have no idea on how governments could interfere with Bitcoin. Time will tell on that. Seems difficult to stop, at best:

Could Governments Ban or Destroy Bitcoin? What You Need to Know

Could governments or other authorities ban Bitcoin? How secure is the network ? Find out more in our Complete Guide

blockonomi.com

There was once a bitcoin atm at sambil.

 

[DR_Guy]

Am I right in thinking that a lot of drug-related transactions are handled through Bitcoin? I imagine if you were involved in that type of business, you'd probably prefer to convert to cash somewhere like this rather than having it deposited in a bank account. Just sayin...

Most now using a privacy coin like Monero

 

[DR_Guy]

I shared this news with a friend of mine, a VERY smart individual, who retired from the use to Santiago, Chile and his immediate response was:

When salaried workers are paid in bitcoin, then it is real. When future contracts are settled now in bitcoin then it is real. But when you have to go cash--->bitcoin--->cash, it a speculative asset, probably going to crash after it is declared illegal.

Smart doesnt make you wise.

 

[DR_Guy]

This office seems quite useless to me.
Anyone with access to the internet does not need this office. You can do it all yourself.
The only people this office might be of use to is the unbanked, people who have no bank account and credit cards.

In regards to declaring it illegal: good luck.
The beauty of BTC is governments can not do anything about it as long as there is internet.
The only thing they can do is make the fiat on and off ramps more difficult.
And yes, it is a speculative asset, more a store of value these days, but that same argument can be made for a lot of assets.

https://www.bitrefill.com/buy/?utm_campaign=599323638&utm_source=google&utm_medium=cpc&utm_content=287192090804&utm_term=bitrefill&adgroupid=31087258994&gclid=Cj0KCQiA15yNBhDTARIsAGnwe0UYCybupdr7ZVXDf8zFp9a-wNHBgrjxG6wGxhyRxx867mLMLZAHAs4aAk6DEALw_wcB

Bitrefill is making it more easy.
I also have an unbanked debit card