4 ms·

Everyone seems to hate bitcoin in el salvador: https://www.youtube.com/results?search_query=bitcoin+el+salvador https://www.youtube.com/results?search_query=bit

Everyone seems to hate bitcoin in el salvador: https://www.youtube.com/results?search_query=bitcoin+el+salvador https://www.youtube.com/results?search_query=bitcoin+el+salv... Billions per day is basically wash trading by quants. What % of that is actual merchant transactions for goods or services?? Almost 0%

olalonde 3y ago
Both assertions are incorrect. > Billions per day is basically wash trading by quants. Trading is done on centralized exchanges and doesn't show up in the figure I mentioned ("on chain" transactions). So close to 100% are for goods, services or value transfers. > Everyone seems to hate bitcoin in el salvador It's obviously not true that everyone hates Bitcoin in El Salvador. Perhaps some percentage of the population? But I've just seen several videos on the URL you linked that were quite positive. The president, Nayib Bukele, obviously doesn't hate Bitcoin and is still hugely popular in El Salvador[0]. [0] https://en.wikipedia.org/wiki/Opinion_polling_on_the_Nayib_Bukele_presidency https://en.wikipedia.org/wiki/Opinion_polling_on_the_Nayib_B...
- telepathy 3y ago
  Oh well then you're just talking about drug revenue (and worse). lol @ 90% approval lol yeah me too It seems you've reached a conclusion based on a gut feeling, and are constructing arguments to back your viewpoint. This hints that you might not be interacting with this topic with the necessary objectivity and investigative spirit to truly understand it.
  - olalonde 3y ago
    You quickly shifted your attribution of the transaction volume from wash trading to drug revenue. It seems you've reached a conclusion based on a gut feeling, and are constructing arguments to back your viewpoint. This hints that you might not be interacting with this topic with the necessary objectivity and investigative spirit to truly understand it.

olalonde 3y ago

Both assertions are incorrect. > Billions per day is basically wash trading by quants. Trading is done on centralized exchanges and doesn't show up in the figure I mentioned ("on chain" transactions). So close to 100% are for goods, services or value transfers. > Everyone seems to hate bitcoin in el salvador It's obviously not true that everyone hates Bitcoin in El Salvador. Perhaps some percentage of the population? But I've just seen several videos on the URL you linked that were quite positive. The president, Nayib Bukele, obviously doesn't hate Bitcoin and is still hugely popular in El Salvador[0]. [0] https://en.wikipedia.org/wiki/Opinion_polling_on_the_Nayib_Bukele_presidency https://en.wikipedia.org/wiki/Opinion_polling_on_the_Nayib_B...

telepathy 3y ago
Oh well then you're just talking about drug revenue (and worse). lol @ 90% approval lol yeah me too It seems you've reached a conclusion based on a gut feeling, and are constructing arguments to back your viewpoint. This hints that you might not be interacting with this topic with the necessary objectivity and investigative spirit to truly understand it.
- olalonde 3y ago
  You quickly shifted your attribution of the transaction volume from wash trading to drug revenue. It seems you've reached a conclusion based on a gut feeling, and are constructing arguments to back your viewpoint. This hints that you might not be interacting with this topic with the necessary objectivity and investigative spirit to truly understand it.