and a July survey found that nearly two-thirds of El Salvadorans would not be open to accepting payment in Bitcoin.
And who can blame them? The volatility is beyond parody. It's akin to a bushel of corn costing $20 on Monday, $15 on Tuesday and $100 on Friday.
It's clear to me that some form of digital currency will rise from the ashes of the cryptocurrency bubble, that is hopefully more robust and transparent that a FIAT based economy, but is sure as shit isn't going to be BTC.
There's a LOT of logic in *some* of the cryptocurrency market, a tiny little fraction - and it is entirely unrelated to speculation. I believe finance will become more decentralised in the future and hopefully more accountable, more secure and have fewer middle men creaming profits.
But it sure as shit isn't going to be BTC and it sure as shit isn't going to happen in El Salvador...
2/3 of El Salvadorans not open to payment in BTC (Score:2)
and a July survey found that nearly two-thirds of El Salvadorans would not be open to accepting payment in Bitcoin.
And who can blame them?
The volatility is beyond parody.
It's akin to a bushel of corn costing $20 on Monday, $15 on Tuesday and $100 on Friday.
It's clear to me that some form of digital currency will rise from the ashes of the cryptocurrency bubble, that is hopefully more robust and transparent that a FIAT based economy, but is sure as shit isn't going to be BTC.
There's a LOT of logic in *some* of the cryptocurrency market, a tiny little fraction - and it is entirely unrelated to speculation.
I believe finance will become more decentralised in the future and hopefully more accountable, more secure and have fewer middle men creaming profits.
But it sure as shit isn't going to be BTC and it sure as shit isn't going to happen in El Salvador ...