Lithuania President gifted crypto to Estonian President.

hahay

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Quote from: ecnalubma on September 04, 2020, 03:04:43 PM

Probably one of the coolest present ever. Even its not a crypto, wherever blockchain is cryptocurrency is always attached to it even if they don’t talk too much about it.

A simple gesture with the use of crypto or blockchain by leaders could still contribute to adoption specially if most leaders are highly educated about the technology.

There are certain areas that the president will definitely master, even though the leader is not too proficient in the field of technology but his staff and / or government are working on it and that still does not rule out the leader will be the best way for a bigger adoption. Making crypto a form of gift is the simplest way, but the impact that will be generated from it will be great for the community and of course for the growth of cryptocurrency and blockchain technology.

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Probably one of the coolest present ever. Even its not a crypto, wherever blockchain is cryptocurrency is always attached to it even if they don’t talk too much about it.

A simple gesture with the use of crypto or blockchain by leaders could still contribute to adoption specially if most leaders are highly educated about the technology.

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Quote from: erikoy on September 04, 2020, 10:02:26 AM

LOL, these president surely a follower of cryptocurrency and might a whale too that invested on it. As we all know that a government official has lots of excess money to which they could not declare it as of the moment to avoid any suspiscion on their side having the money

we dont know , maybe one of them is familiar to crypto and he wanted to encourage the other to use a crypto . thats a good step of spreading the word crypto . the excess money that your talking about have its own dedicated use and not to be spend on other things or even on crypto . if they want , they are gonna use thier own personal money but who knows ? corruption is possible too and why would they declare it to public if they spend the money for thier own good ?

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LOL, these president surely a follower of cryptocurrency and might a whale too that invested on it. As we all know that a government official has lots of excess money to which they could not declare it as of the moment to avoid any suspiscion on their side having the money. Then high chances that it could be invested in cryptocurrency to which for now I think it could not be traced for we know that crypto characteristics is a non custodial. No one owns crypto except the one who holds the private keys.

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Quote from: lixer on September 03, 2020, 09:38:56 AM

Everyone should realize that it turned out it wasn't crypto, it was just a digital money, they are totally different things. Well not totally but not same neither. I believe that if the people of the big names actually sponsor bitcoin that would be awesome.

Not the government people because they are not cared in the world, but if holywood stars and other nations equal things (I don't know what Hollywood is equal in your nation) all started to support and say how much they live crypto, we will see a ton more bitcoin people and the price will certainly go up as well. Think of Brad Pitt and Leonardo Di Caprio talking about how they own bitcoin and best investment they made on live television on one of the award speeches, that would have increased the price of bitcoin very suddenly.

Thanks for clarifying this gift from one president to another. I wonder which crypto-currency was gifted, in headline there just
crypto, and there's not much from OP about the coins. As it turns out, it's not a crypto-currency, it's just digital money.
I think we will see the promotion you are talking about. It will come from celebrities and famous people, we already have few
examples, but we will need many of them talking about Bitcoin and other crypto-currencies, that could affect many people to
get interested. And that would probably affect the price in a positive way.

lixer

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Everyone should realize that it turned out it wasn't crypto, it was just a digital money, they are totally different things. Well not totally but not same neither. I believe that if the people of the big names actually sponsor bitcoin that would be awesome.

Not the government people because they are not cared in the world, but if holywood stars and other nations equal things (I don't know what Hollywood is equal in your nation) all started to support and say how much they live crypto, we will see a ton more bitcoin people and the price will certainly go up as well. Think of Brad Pitt and Leonardo Di Caprio talking about how they own bitcoin and best investment they made on live television on one of the award speeches, that would have increased the price of bitcoin very suddenly.

panganib999

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This was a good thing indeed that usage of cryptocurrencies are starting from the great leaders of two different countries which I think will create a great impact between two countries and would influenced their country men to get along on using cryptocurrencies as well if they would legalize it and would massively adapt the usage of cryptocurrencies on their countries. Such action is already a great move or we can say a small spark to start up getting ready for a massive adaptation of using cryptocurrencies. Actually it sound new to me that cryptocurrencies are being served as presents on an occasion and to think it was between two great leaders. This was just pretty nice for they are showing interest of making good use of cryptocurrencies and I am looking forward to see a greater improvement on cryptocurrency usages on both Lithuania and Estonia.

dondonk

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A progress made by presidden Lithuania using crypto. I think this is a sign that crypto can begin to be used by anyone and for anything, both personally and instinctively. I think of this as the acceptance of crypto in a government.

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I wonder how this gift is designed. Any gift to an official as a private person can already be considered a bribe or other type of corruption. But if the gift was presented from one official to another, in this case from the President of Lithuania to the President of Estonia, then this gift must have an official design and, accordingly, savings. I have not yet seen an official clarification on this matter anywhere, since the cryptocurrency should be recorded as a digital asset, as a gift or in some other way.

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I still think even if it is not crypto and just a digital currency that is a lot of great work putting into currency going a lot more digital and that is what we really need, even if it is close that is enough.

Plus, these are not really that much of a big nation, I am sure they are great on their own, but neither Lithuania nor Estonia really matter in the financial world all that much, not like they are USA, China, Germany, UK or whatever else, there are basically some awesome and huge countries in the financial world, when those do it to each other that would really matter a lot, that would really change the world and make it a huge news in the news channels as well, but right now, this would make it news maaaaaybe in their own nation and maybe not even there.

The Sceptical Chymist

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Quote from: HodlerKing101 on August 15, 2020, 04:45:50 PM

I hope he installs any ledger wallets and becomes a fanatic!

Lol, that isn't likely to happen, although I do think it's an interesting choice of gift that was given here--makes me wonder if there's some kind of meaning behind it.

Then again, this also reminds me of Justin Sun's gift of Tron to Warren Buffett. If I'm not mistaken, he donated it or otherwise got rid of it as fast as he could.

Quote from: LeGaulois on August 15, 2020, 05:45:12 PM

It's not a cryptocurrency, it's a digital currency, there is a difference. They make use of the word crypto because it's swag in 2020.
But in reality, it's a state currency and not P2P without a central bank. You can buy it from the Bank of Lithuania and if I'm correct you can not store it, the B of L does it on your behalf.
It's a coin for numismatists I think.

Yeah, that would make more sense to give that as a gift than, say, bitcoin or ETH.

So if it's a digital currency that you buy from the Bank of Lithuania and which they store on your behalf, what makes that different from Lithuania's fiat currency? Now I'm curious as to what they're trying to do over there.

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We have to hear more of this kind of news, this is good for the crypto community, a leader could influence the other with a simple gift, and it will be written in the history as that transaction will remain in blockchain. I'm not so aware with how crypto is being regulated in these countries, but I have to say a leader of a nation making a bullish move on cryptocurrency.

Quote from: slapper on August 25, 2020, 11:44:01 AM

This year, we have seen many good signs that support digital money. Germany has also put some good laws for bitcoin which means it has been considered as an asset. This year is really a lucky one

And more to expect as crypto keeps going and adoption is happening.

slapper

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What great news for crypto lovers. This does mean that crypto has been considered for a long time by many politicians. I bet that soon we will see bitcoin and other coins be adopted in developed countries first. As you can see, Estonia is a great country with good facilities for blockchain technologies.

This year, we have seen many good signs that support digital money. Germany has also put some good laws for bitcoin which means it has been considered as an asset. This year is really a lucky one

Arkann

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I believe that this situation, when one politician gave another politician a certain amount of cryptocurrency, will not play a major role in the cryptocurrency market. But with regard to estonia, in general, we need to talk about a different situation where the relevant state institutions issue licenses that have been adopted in accordance with legislative changes that regulate the scope of operations with cryptocurrencies. According to these changes, new requirements arise for market participants, with an increase in the threshold for entering the market. That is, the situation can be explained in such a way that only big players with a huge financial resource and developed infrastructure can participate in the process, and all those who do not meet the above criteria will actually be forced to leave the market.

beerlover

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I believe if it is digital currency that means it is not really crypto and when it is not crypto it really doesn't matter to people all that much, not to our market. Estonia is also already a very digital place, you can stay in your own nation without traveling to Estonia, build a digital company there, like maybe a crypto exchange, and you can basically be based there with an office in your own nation and you would literally never leave your chair while doing that.

This shows you that there is really no need to make it a lot more for Estonia, however if this was done towards some nation with a president who doesn't like digital or crypto currencies, I would assume that it would really work because it could change their perspective when another nations president gifts them.

Yatsan

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That was incredibly something new to be known for it is unusual for a person to receive a gift like crypto and also unusual for a person to give crypto as a present specially knowing that it is a respected leader of a certain country. But it is very good to know that this have happened because it is a simple and very small step to start up with introducing cryptocurrencies to the Estonian president with the act done by the Lithuanian president. Looking forward to see that coming from this it will create a good relationship between those two countries as well lead to the mass adaption and recognizing of cryptocurrency usage.

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So I started searching what “LBCoins” are and why the Bank of Lithuania is issuing it and the thing I found out is thdy are not cryptocurrencies but more of a digital collector coin that also has a physical version of it as also explained in their announcement video. So I don't think its a crypto related news but more of a blockchain related news since their collector coins uses blockchain in keeping track om the digital versions they are releasing.

LeGaulois

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Quote from: tbterryboy on August 23, 2020, 01:49:31 AM

...

That's stupid, how can it be "so huge" for Bitcoin. See yourself right now, does it bring something positive to Bitcoin? Zero, nothing. Do the media outlets have been talking massively about it? No just 1 or 2 articles here and there, 30 seconds on TV, and voila.
Secondly, this is not a cryptocurrency, it's a collective digital currency, for numismatic.

Do you think investors in the country would be interested to spend money on a collectible coin that can not be spend?
The best thing you're seeing this month? LOL, this is full of shit.

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Quote from: smyslov on August 22, 2020, 12:50:21 AM

Quote from: LeGaulois on August 15, 2020, 05:45:12 PM

It's not a cryptocurrency, it's a digital currency, there is a difference. They make use of the word crypto because it's swag in 2020.
But in reality, it's a state currency and not P2P without a central bank. You can buy it from the Bank of Lithuania and if I'm correct you can not store it, the B of L does it on your behalf.
It's a coin for numismatists I think.

It's like if you buy a car and the seller tells you: "You bought it but the car stays here"

There's no LBCOIN in the market and the tweet confirm that It's a coin for numismatists it's more of a memorabilia coin but it's very much close to Cryptocurrency I guess they have an idea on Cryptocurency maybe one day they will create their own Cryptocurrency since they are promoting this stuff.

Good to see that in gift something similar sort of thing was given. Would have being best if bitcoin was given as it would mean to promote as well and across world this thing would have bring in the news and might also become the trend in coming time when in gift bitcoin could be used it.

tbterryboy

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Quote from: HodlerKing101 on August 15, 2020, 04:45:50 PM

When do we hear news of presidents gifting cryptocurrency to a fellow-president? I hope he installs any ledger wallets and becomes a fanatic! Cheesy

IMO, making it easy for these businesses to use blockchain/crypto is key, some of these kiddos still have no idea about the technology too. I hope simple integrations as what NEM Symbol APIs have done with Lithuania's President can open more doors.

It is really good, and this move is going to make huge impact on how Bitcoin is being adopted in Lithuania.

As long as it’s something that has to do with the president who is the first citizen of the country, it’s going to go viral and a lot of people in those two countries, whether they know about cryptocurrency or not, are going to hear about it and start talking about it, the media is also going to be carrying the news and that’s a boost for cryptocurrency.

After that, investors in those countries are going to be interested in it. This is one of the best things I am seeing this month, and especially now it seems that the price of bitcoin is preparing for a run up.

Topic: Lithuania President gifted crypto to Estonian President. (Read 525 times)