Understand the implications of Bitcoin's downfall in El Salvador. Learn about the failed economic bet and its impact on the country's financial stability.
Yeah but one of the goal was to replace daily use of USD by bitcoin this is the part they are stopping apparently. It seems they will continue to have it as a reserve.
Dumbest shit I ever heard. Bitcoins transaction fees have been so fucking high since well before this happened that it is impossible to use it as reasonable currency. Even Eth has some high tx fees nowadays - something intended for daily use shouldn’t cost whole dollars per transfer.
Yeah but one of the goal was to replace daily use of USD by bitcoin this is the part they are stopping apparently. It seems they will continue to have it as a reserve.
Dumbest shit I ever heard. Bitcoins transaction fees have been so fucking high since well before this happened that it is impossible to use it as reasonable currency. Even Eth has some high tx fees nowadays - something intended for daily use shouldn’t cost whole dollars per transfer.
There is low fee lightning network which was part of El Salvador adoption. It is more complicated though.