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With El Salvadors requirement that businesses accept Bitcoin, I have come to believe that just about every 3rd world nation without significant military will ev
by somenewaccount1 5y ago
With El Salvadors requirement that businesses accept Bitcoin, I have come to believe that just about every 3rd world nation without significant military will eventually do the same. Why? Because having your countries currency pegged to the bitcoin is better than being pegged to the dollar. Pegged to the dollar allows the US and allies to devalue your currency to nothing almost immediately. Bitcoin is more risilient than this.
Disclaimer: I hate bitcoin and own none of it, having "missed the boat". But once I have visited a developing nation who's currency is constantly beat up by the dollar, and witnessing the people work 4x harder for 1/10 the standard of living, it really does make sense.