4 ms·
Man people are still using the "it's a currency" grift when discussing crypto, did the El Salvador failure really teach you nothing? https://en.wikipedia.org/w
by shimman 5mo ago
Man people are still using the "it's a currency" grift when discussing crypto, did the El Salvador failure really teach you nothing?
https://en.wikipedia.org/wiki/Bitcoin_in_El_Salvador https://en.wikipedia.org/wiki/Bitcoin_in_El_Salvador
- koolba 5mo agoCrypto does have the distinct cash like advantage of not having chargebacks. I don’t know of any other digital payment system with that property.
- sieabahlpark 5mo ago[dead]
- OneDeuxTriSeiGo 5mo agoThat's less because it was Bitcoin and more because the entire effort was a slapdash affair pushed by Bukele in an effort for him and his buddies to profit off the cryptocurrency boom rather than being an inherent knock on cryptocurrency itself. Also of all the cryptocurrencies Bitcoin is a pretty poor choice since it could be pretty well argued that it has lost the original purpose and devolved into a raw "line go up" financial instrument.
- sieabahlpark 5mo ago[dead]
- Cider9986 5mo agoThat's the whole thing with Monero. It's actually used as a currency, not as a get rich quick scam. I believe 99% of crypto is a scam, but Monero is a real improvement for payments. The Monero community actually wants it to be adopted to spend it, it's not a price go up community. Buy food with Monero on an ebay type platform called xmrbazaar. (https://xmrbazaar.com/search-category/food/ https://xmrbazaar.com/search-category/food/) Donate to non-profits in Monero (https://donatemonero.org https://donatemonero.org) GrapheneOS says it's the only crypto that they regularly get recurring small donations in.