5.
 
Re: El Salvador - Bitcoin foolishness
Sep 7, 2021, 03:24
Rilcon
 
5.
Re: El Salvador - Bitcoin foolishness Sep 7, 2021, 03:24
Sep 7, 2021, 03:24
 Rilcon
 
MoreLuckThanSkill wrote on Sep 6, 2021, 20:24:
I am never going to understand why people keep trying to use these cryptocoins as actual currency... when the value fluctuates that much, it's simply not valid to use as a day to day currency, let alone a way to pay workers. How fucking pointless does work become if your pay can lose 50% of it's value in an hour? Scammers will get rich off this, people with fewer financial resources will suffer.

That's ignoring how energy intensive and SLOW Bitcoin is for transactions. Hopefully people will learn from this, but of course, based on the past 5 years or so, it's safe to say they won't.

I don't think many people often trade bitcoin directly for "small" payments, more likely trade on a platform for another coin type and use that for transfers (trade can be immediate with a low fee, and other coins transfer fast with very low fees), and the other way around when receiving.

No idea how El Salvador will fare with this, but I'm going to hazard a guess that most people participating (and the country as a whole) will get screwed, while a tiny number make out with millions. (so, the usual...)
Date
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Sep 6, 2021Sep 6 2021
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Sep 6, 2021Sep 6 2021
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Sep 6, 2021Sep 6 2021
 5.
Sep 7, 2021Sep 7 2021
  Re: El Salvador - Bitcoin foolishness
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Sep 7, 2021Sep 7 2021
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Sep 7, 2021Sep 7 2021