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The article says "92% of Salvadorans did not use bitcoin in their transactions in 2024". Which means that 8% did use it in their transactions.

pasquinelli 2y ago
this is the funniest way to reply
nicbou 2y ago
I wonder what volume of all transactions it represents. I've used Swiss Franc this year but it's a fraction of a percent of all my transactions.
chii 2y ago
it is probably the same with gold - in fact, i say gold is used even less in transactions. Yet, nobody would deny that gold cannot form a good monetary foundation . Of course, it's not the best - fiat is still, imho, better - but it doesn't mean it can't work. So why is the IMF so against bitcoins that they'd rather pay to eliminate it? Or are the IMF scared that bitcoin can actually succeed, in a way which prevents IMF members from asserting monetary pressure in ways that benefits them?
- freen 2y ago
  Ahh yes, the age old “let’s use a precious metal to denominate our currency” idea. Cryptocurrency bros are literally speedrunning the entirety of monetary system failures. All of them. You’d think, maybe after the first couple they’d read a book or something? Heck no! YOLO!
  - robertlagrant 2y ago
    Just to be clear, people who have downvoted you are likely doing so because of tone and attitude, not because they're pro-bitcoin.
    - deleted 2y ago
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- dragonwriter 2y ago
  > Yet, nobody would deny that gold cannot form a good monetary foundation I wouldn’t say nobody (fools exist), but, sure, only a fool would deny the statement “gold cannot form a good monetary system”. But... Isn't that the opposite of your Bitcoin claim?
cloudbonsai 2y ago
In 2021, the percentage of Salvadorans who were using Bitcoin was 26%. After three years of mandatory acceptance requirement, it's now 8%. It says a lot about the popularity of Bitcoin, no?
- j16sdiz 2y ago
  ...had used at least once, not "using" The government were giving out btc
j16sdiz 2y ago
8% use at least one. The government literally give (almost) everybody $30 in btc to promote this, 8% is too low
genem9 2y ago
8% is huge

pasquinelli 2y ago

this is the funniest way to reply

nicbou 2y ago

I wonder what volume of all transactions it represents. I've used Swiss Franc this year but it's a fraction of a percent of all my transactions.

chii 2y ago

it is probably the same with gold - in fact, i say gold is used even less in transactions. Yet, nobody would deny that gold cannot form a good monetary foundation . Of course, it's not the best - fiat is still, imho, better - but it doesn't mean it can't work. So why is the IMF so against bitcoins that they'd rather pay to eliminate it? Or are the IMF scared that bitcoin can actually succeed, in a way which prevents IMF members from asserting monetary pressure in ways that benefits them?

freen 2y ago
Ahh yes, the age old “let’s use a precious metal to denominate our currency” idea. Cryptocurrency bros are literally speedrunning the entirety of monetary system failures. All of them. You’d think, maybe after the first couple they’d read a book or something? Heck no! YOLO!
- robertlagrant 2y ago
  Just to be clear, people who have downvoted you are likely doing so because of tone and attitude, not because they're pro-bitcoin.
  - deleted 2y ago
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deleted 2y ago
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dragonwriter 2y ago
> Yet, nobody would deny that gold cannot form a good monetary foundation I wouldn’t say nobody (fools exist), but, sure, only a fool would deny the statement “gold cannot form a good monetary system”. But... Isn't that the opposite of your Bitcoin claim?

cloudbonsai 2y ago

In 2021, the percentage of Salvadorans who were using Bitcoin was 26%. After three years of mandatory acceptance requirement, it's now 8%. It says a lot about the popularity of Bitcoin, no?

j16sdiz 2y ago
...had used at least once, not "using" The government were giving out btc

j16sdiz 2y ago

8% use at least one. The government literally give (almost) everybody $30 in btc to promote this, 8% is too low

genem9 2y ago

8% is huge