Shops and banks are generally open by 9:00am. Prices are fixed in larger stores but bargaining is expected in the markets and most craft stores. Carrying a pocket makes currency conversion a breeze. If you do not speak or understand Spanish, a small pencil and paper are handy to write numbers so you are sure on the amount agreed upon for purchases ! Guatemalans work hard for their money, have very little opportunity, and deserve to be compensated in the same way you deserve to be compensated for your work. Getting a “great deal” is far less important than demonstrating respect and compassion for others. When Q1. Can buy 4 tortillas (often lunch for someone), paying a little more on your end will benefit the seller greatly.
Kirby seems to have fallen for the propaganda. “Cryptocurrency” reminds me very much of “Global Warming” or the “War On Terror” to the extent that much of its definition seems strategically ambiguous, deliberately relying on muddles to gloss over many of those dangerous ambiguities.
* For example, Kirby says BTC is “anonymous,” and almost in the same sentence he calls it “transparent.” Sorry, but that’s like saying something is black and white.
* “Security” is another word that gets tossed around entirely too loosely for my comfort, particularly since all encryption available to the general public is an open book to the military — has been so for more than 20 years. If we want real Security, we’d need 1024-bit encryption or better, and yeah, like that’s gonna happen…
* Pundits argue that cryptos are still in the formative stages, and for them, that’s sufficient to explain the proliferation, the implication being that most will fall by the wayside as the One True Crypto rises to the top. I think the reality is more like fidget spinners, where everybody has a favorite, with many common elements but just as many differences, no standard that everybody will follow, and no lasting value.
* Another thing that still hasn’t been answered to my satisfaction is the problem of Fractionation. How is a fraction of a crypto-coin any different than the physical coin-clipping and alloy debasement in the last days of the Roman Empire, or in modern money supply inflation today? For anyone to suggest that cryptos are not vulnerable to the same weaknesses, corruption and manipulation as other fiat currencies seems intellectually dishonest.
* Psychopathy in management is another issue that’s deliberately ignored. The dollar is doomed mainly because the people behind it are evil. The best system is the one that cannot be hijacked by psychopaths. I see the crypto sphere dominated by con men.
In closing, I think cryptos are a distraction, like an ETF, designed to draw attention away from what really matters. They’re a fiction — garbage.