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ooli2@lemm.ee to World News@lemmy.mlEnglish · 5 个月前

El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment

ticotimes.net

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El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment

ticotimes.net

ooli2@lemm.ee to World News@lemmy.mlEnglish · 5 个月前
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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.
  • Cowbee [he/they]@lemmy.ml
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    5 个月前

    I had a Libertarian try to tell me that this was going to revitalize El Salvador just a couple of weeks ago, lmao.

    • Mangoholic@lemmy.ml
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      5 个月前

      Well their reserves doubled in value

    • Dessalines@lemmy.ml
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      5 个月前

      Not the greatest idea to transition to a currency where every single transaction requires the same amount of energy to power a mansion for a week.

      • Cowbee [he/they]@lemmy.ml
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        5 个月前

        Didn’t know it was that bad. Knew it was bad, but that’s depressingly bad.

      • nexguy@lemmy.world
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        5 个月前

        Not promoting just saying that this is misinformation. Transactions are done in bulk and on the lightning network at a tiny fraction of what you suggest.

        Edit: BTC itself can only process 8 or so transactions per second(hence the high energy demand per transaction), the actual number of monetary lightening network transactions (grouped up into a these large BTC transactions) is close to a million.

    • FolknForage@lemm.ee
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      5 个月前

      It’s absolutely bonkers to me that Libertarians think BTC is a better option that fiat bills.

      This shit has the have been astroturfed or otherwise psyop’d.

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