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.
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.
I had a Libertarian try to tell me that this was going to revitalize El Salvador just a couple of weeks ago, lmao.
Well their reserves doubled in value
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.
Didn’t know it was that bad. Knew it was bad, but that’s depressingly bad.
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.
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.