Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
tadamichi
on 14/06/2022, 13:00:26 UTC
⭐ Merited by JayJuanGee (1)
Well that worked out great for them. Because now people are going to demand their actual currency and make inflation even higher.

They’re still using the US dollars and Bitcoin as legal tender, no „actual currency“ was ever taken away, what is there to demand? Chivo(their wallet) actually let’s people decide if they wanna receive Bitcoin or usd, you can convert anytime you want, no one is forced to keep payments in Bitcoin.

Before i cringe too hard, please inform yourself what actually causes inflation, if more people did maybe we wouldn’t be in this mess.

It’s funny that people that don’t even understand what causes inflation, come here with a time horizon of a few months(that’s now how to build things), and then try to judge one of the poorest countries in the world for trying to better things. Where were y’all before they adopted Bitcoin? Y’all didn’t give two shits.

They certainly don’t need approval from a mob of emotional people that don’t even understand basic economics. And an exchange rate into usd doesn’t change what Bitcoin is, it still works the same as before, still has sound monetary properties. Let people time to build things without falling into hysteria, thanks.