One cannot force people to be free. Bukele did a huge disservice to bitcoin by making its acceptance mandatory.
Organic adoption is the only way.
The most depressing is the fact that he will be unjustly celebrated by the same media outlets that criticize him, in <2years when the bitcoin price peaks again.
Imagine buying groceries with bitcoin and having to wait 15 minutes at the register for enough confirmations to post on the block chain, only to realize that if you had gone to the store 15 minutes later your groceries would have cost $8 less due to the constantly changing value of your currency.
This is why I don’t accept that any crypto is currently acting as a functional currency. Who is out there actually pricing things in bitcoin? You’d have to be a fool since you would have little to no control of whether or not you could possibly make a profit.
The reason this article exists is because the price as measured in blood money is 26k. If it were 60k a whole different tune would be playing about how great of an idea it was. Actually imo its better now than at its high because moon boys want little to do with it while people who really understand why it exists use it just fine.
No, i am saying that even though it is volitile it has people who will use it anyway. I am personally a monero user and i buy some on a monthly basis (id really love to get paid in it) and then pay my bills with it, spend it on things i want, and do it all again next month. I really don’t have to concern myself with the price because i am organically using it and will get more in a few weeks no matter what the price does.
The story and OP’s blurb both say that all the locals use USD for everything, not the El Salvador Colon. So you comparing the volatility of the ESC to BTC is worthless.
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