El Salvador is learning the hard way that the blockchain architecture was never ever meant to do what they are trying to do with it.
Are you just making shit up? What do you think that El Salvador is trying to do with bitcoin, except that they made it legal tender and they are trying to promote it. Other things that they are doing are just building infrastructure around bitcoin, so who gives any shits about what they do or don't do in those various ventures that may or may not be successful.
So you are saying that El Salvador is engaged in a giant pump-and-dump? Maybe. I guess if that's what they are trying to do, then it doesn't matter if the idea works on a practical level.
Bitcoin transactions can cost up to 40 USD and can take over 30 minutes sometimes. That's not just too slow and expensive, it's completely insane.
Yes.. Fees on bitcoin vary.. but so what? Are you concerned that you cannot buy a coffee on bitcoin? or what?
That was my point, yes. Many people probably think that making Bitcoin "legal tender" means using it as the country's currency. That's wrong (and I think instead its more like the above), but that's the impression they would probably give a lot of people.
How about using lightning network or some second layer to buy your coffee if that is what you want to do.
Sure, use other technologies besides Bitcoin for mainstream transactions. That sounds reasonable.
[...]
then every single citizen there would be using digital currency now because it is so easy to adopt (with Haypenny you don't even really need a wallet).
As it is, all El Salvador is showing the world is how silly it is to try to use Bitcoin for something it was never designed to do.
Hopefully El Salvador (perhaps Bukele himself?) will read this post and invite you to come down to El Salvador to help to set them on "a more correct" path.. since of course, your shitcoin is better than bitcoin.
So every digital currency that is not Bitcoin is a "shitcoin"? That's a pretty narrow take on technology there. Many of us who have been around the tech world for a long time have seen things like Bitcoin come and go--and yet people swear the hottest thing at the time will stay around forever and ever.