5 ms·
“ Cryptocurrencies are not used in regular payment transactions” How can they say that with a straight face knowing what’s going on in El Salvador
by dadoge 5y ago
“ Cryptocurrencies are not used in regular payment transactions”
How can they say that with a straight face knowing what’s going on in El Salvador
- rualca 5y agoThe only thing that happened in El Salvador was a public politician making a populist statement. It would make sense to point to Venezuela or Iran, but those examples don't get much attention for some reason.
- dadoge 5y agoI agree Venezuela is a better use case, doesn’t mean they don’t have a use case too though…
- danielmg 5y agoIt will never be used as a general currency by the man on the street. For example in the UK we have Direct Debits which are backed by the DD Guarantee. If a DD is wrong or fraudulent the bank must refund you without question and they initiate a DDIC (indemnity claim) against the creditor bank. This could not happen with Bitcoin. Same for problems such as push-payment fraud - they are rolling out confirmation of payee to try to tackle this. How could Bitcoin be a viable payment method in it's current form when addresses are anonymous (in the context of PPF)?
- dadoge 5y agoUK is way better off than El Salvador. 70% if people in ES don’t have a bank acct. 50% have internet. Take a look at the Bitcoin beach experiment https://apnews.com/article/caribbean-el-salvador-bitcoin-lifestyle-technology-d30c52b39e16ef49e4b6342fdc885c92 https://apnews.com/article/caribbean-el-salvador-bitcoin-lif...