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It has nothing to do with lack of empathy, nor did I make any statement about banking in El Salvador. Your pearl clutching is the rather pathetic, desperate mac

It has nothing to do with lack of empathy, nor did I make any statement about banking in El Salvador. Your pearl clutching is the rather pathetic, desperate machinations of someone deep in BTC who is resorting to whatever foolish argument they can make to sell it. The vapid moralizing is embarrassing. You used El Salvador to try to legitimize BTC. As a tiny economic "power" (literally 7-11 sized), with a functionally broken government, it counts for somewhere approximating zero in legitimizing the farce that is BTC. The only people who think it is notable are BTC hypesters.

dadoge 5y ago
Read more about this experiment before jumping to conclusions https://apnews.com/article/caribbean-el-salvador-bitcoin-lifestyle-technology-d30c52b39e16ef49e4b6342fdc885c92 https://apnews.com/article/caribbean-el-salvador-bitcoin-lif... The smallness of the country doesn’t mean this isn’t significant. They have problems, and through an experiment found solutions to those problems and are scaling them up
- defaultname 5y ago
  Again, what "conclusion" do you think I'm jumping to? Modernizing payment systems is having a huge impact across the entire developing world. I spent two years of my life building a system for payments (mobile to mobile) for a variety of African countries. Negligible fees, immediate, robust and reliable. This isn't new or novel. Bitcoin has shockingly little to do with El Salvador. It is a lightning network being pitched (which could be funded by USD, gold, eggs, turtles...whatever), trying to pump BTC in the process. So save with the feel good El Salvador story.
  - dadoge 5y ago
    So you think this is just to pump Bitcoin? Well that’s where I disagree with you. What happened with those apps in Africa? And why is Nigeria increasingly looking to BTC? Could also be corrupt central banks, which I admit is less an issue in El Salvador. Bitcoin is also censorship resistant, Nigeria tried to ban BTC but P2P usage went up after the “ban”. And to be clear: I don’t think BTC is necessarily THE BEST conceivable solution out there - a USD backed coin probably is better for ES in the next few years. But I also do think BTC is better than status quo for ES

dadoge 5y ago

Read more about this experiment before jumping to conclusions https://apnews.com/article/caribbean-el-salvador-bitcoin-lifestyle-technology-d30c52b39e16ef49e4b6342fdc885c92 https://apnews.com/article/caribbean-el-salvador-bitcoin-lif... The smallness of the country doesn’t mean this isn’t significant. They have problems, and through an experiment found solutions to those problems and are scaling them up

defaultname 5y ago
Again, what "conclusion" do you think I'm jumping to? Modernizing payment systems is having a huge impact across the entire developing world. I spent two years of my life building a system for payments (mobile to mobile) for a variety of African countries. Negligible fees, immediate, robust and reliable. This isn't new or novel. Bitcoin has shockingly little to do with El Salvador. It is a lightning network being pitched (which could be funded by USD, gold, eggs, turtles...whatever), trying to pump BTC in the process. So save with the feel good El Salvador story.
- dadoge 5y ago
  So you think this is just to pump Bitcoin? Well that’s where I disagree with you. What happened with those apps in Africa? And why is Nigeria increasingly looking to BTC? Could also be corrupt central banks, which I admit is less an issue in El Salvador. Bitcoin is also censorship resistant, Nigeria tried to ban BTC but P2P usage went up after the “ban”. And to be clear: I don’t think BTC is necessarily THE BEST conceivable solution out there - a USD backed coin probably is better for ES in the next few years. But I also do think BTC is better than status quo for ES