Post
Topic
Board Bitcoin Discussion
Re: President of El Salvador: The government will provide citizens with $30 in BTC
by
kryptqnick
on 25/06/2021, 09:53:33 UTC
$30 is actually a lot of money, considering that in El Salvador, 6% have less than $3.20 per day. Also, given around 4 million adults who live there, this little airdrop will cost $120 million of taxpayers' money, so it's a big deal. Hopefully, the fees won't skyrocket as people there try to spend their BTC because in that case, they might not be able to use their BTC due to transactions costing more than they got from the government. I really hope this won't go South, but it seems to me that a big conflict and disappointment in Bitcoin is very likely.