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sc_griffith ( sc_griffith@awful.systems )  to Buttcoin@awful.systemsEnglish ·
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2 years ago

A week of failing to pay with bitcoin in El Salvador

reason.com

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A week of failing to pay with bitcoin in El Salvador

reason.com

sc_griffith ( sc_griffith@awful.systems )  to Buttcoin@awful.systemsEnglish ·
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2 years ago
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When President Nayib Bukele promised that bitcoin would be accepted everywhere in El Salvador, it seemed like a glimpse into the future—a world where

bonus HN thread https://news.ycombinator.com/item?id=42014013 :

> For online service.. a $80 purchase costs at least $2.00. For a online purchase for computer hardware I paid over $45 for a $2k purchase. BTC fails hard in the real world as far as I'm concerned. The little I have left from mining while the sun was up, I'll use for just silly purchases online. > What you're missing is that it costs the same $2.00 to transfer $1T-worth of bitcoin. Try that with anything else that offers final settlement.

archive: https://archive.ph/osPSg

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  • swlabr ( swlabr@awful.systems ) 
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    2 years ago

    $1T-worth

    Ahhh yes. After putting all my money into blockchain I’d forgotten how to count that low

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