Despite government incentives to use Bitcoin, people distrust it because they know how volatile it is and 70% of the population thinks it's a scam.
Turns out even the Salvadoran poor are more financially savvy than tech bros.
Lol…. Bitcoin.
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.
I’m finding it hard enough imagining that bitcoin has any true value.
Padme: Because value is relative, right? ☺️
Padme: Right? 🤨
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.
Any speed faster than "Nope!" is too fast.
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.
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