Post
Topic
Board Altcoin Discussion
Re: Bitcoin Becomes Official Legal Tender in El Salvador!
by
Ucy
on 08/09/2021, 15:43:17 UTC
That's awesome! I read just recently on Blockster that most of the arguments of the opponents of El Salvador's move argue that accepting bitcoin as legal tender would expose the Central American country to increased regulatory and financial risks. I'll leave a link to the article so you can read more about it.
https://blockster.com/blockdesk/1508_bitcoin-becomes-official-legal-tender-in-el-salvador

I wish nations will understand that their fiat currencies can't withstand very difficult times. If they remembered what happened at the beginning of Covid crisis they would've known that many fiat surviving was a miracle. It's not by their power. They were asleep and made lots of foolish decisions.
I don't see why it's hard to allow a neutral currency like Bitcoin to be voluntary and optional currency for people. I think it's better to have different options especially in time of uncertainty. There should options to rely on incase something unpleasant happens to fiat in this time. Relying one, which is not even good is very risky. Decentralized crypocurrency is much more important in this time. The right things should be put in place to prevent its abuse/misuse.
Wish you moved you thread to Economic Section... Similar topics are discussed there. I was expecting to see this news over there yesterday