El Salvador - Bitcoin

GlobalMacro90 said:
objectively, the market is not rewarding what you think is important. If it was, bitcoin-like cryptos that are faster (bitcoin cash, lite coin, bitcoin SV) or that have more privacy (monero, z cash) would have more value ... but they don't. They have way way less value.
More...

There is a very simple explanation for that. At this point pretty much ALL of cryptos are nothing but a hype express, a giant FOMO, a ponzis all the way down. Everybody and their mother are trying to get rich quick. Nobody cares about the technology, that was shit anyway.

By the way statements like this : "BTC is the only truly decentralized crypto" doesn't increase your credibility.

And as I said in my very first post, BTC isn't even decentralized in Salvador, because Chivo itself is centralized.

Look, I have looked into arguments for cryptos for 10+ years, and beside moving the goalpost, there are very little. But if you want me (or the world) to sign up for one, make it fast, cheap and simple to use, reliable, scalable, stable, not fluctuating and not fucking with the environment.

Until then, sayonara...
 
"...Other businesses around Bitcoin Beach said they’d given up on Bitcoin and reverted to accepting only cash. “We were losing money because of the way the currency loses value,” said 21-year-old Axel Medina, who helps his family run a surf school and restaurant. “It was difficult to maintain our business like that...”

And that is the crux of the problem.

Like, what is a coconut worth in bitcoin? How do you calculate it's value without relying on comparing btc to the USD?
 
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