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.
It's not easy to take you seriously if you seem to be suffering from reading comprehension and abilities to actually understand what is being said..
Oh wait? You are not even trying to understand because you are too busy pushing your own disinformation campaign.
The idea on a practical level is that El Salvador's making bitcoin legal tender has signaled that the El Salvador government is not hostile to bitcoin and it is open to bitcoin innovations.
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.
For all practical purposes, prior to 2021, El Salvador ONLY transacted in dollars, so bitcoin gave another transaction option, yet of course, there would also be needs for merchants to have bitcoin acceptance as an option, so helping merchants to be able to accept bitcoin would be one of the matters that the El Salvador government had been trying to promote, which truly if few merchant's are accepting bitcoin then the citizens still would ONLY have the dollar as their transaction options.
Transactions using bitcoin do not ONLY happen onchain, and you are not even fairly representing onchain fees if you are suggesting that $40 fees are representative, even though there have been recent periods that onchain fees have gotten that high.
I am not going to claim to know the breakdown of how transactions have been taken place in El Salvador over the past 3-ish years, even though surely there have been criticizms that El Salvador transactions were taking place through custodians and/or over lightning network, which truly would NOT have had those levels of transaction fees, even through there are other problems that come from relying upon custodians for transactions, including claims that they are not really bitcoin transactions.
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.
I am not referring to pumping shitcoins, like yours.
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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"?
Yes. That's correct.
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.
You seem to not understand bitcoin very well if you think that various shitcoins compete with it or reasonably compare with it.. or if you consider that bitcoin is merely a means to employ small (coffee-level) transactions. But hey whatever, you can believe what you like. Hopefully, since you are claiming to be so technologically literate, then you could spend some time studying and trying to understand a wee bit more better, and perhaps I could give you a suggestion that the value of bitcoin does not just come from its technology, even though surely the moneyness of bitcoin does remain important and there are several ways in which bitcoin achieved its moneyness through the use of technology.. .including if you are able to recognize how bitcoin achieves its soundness and other aspects of money like verifiabiity, scarcity, transportability, divisibleness, abilities to transact without having to use a third party and other aspects.
Maybe if Bukele (or his team) does not directly reach out to you, then you could figure out some way to contact him (or his team) directly so that you can get him to adopt your shitcoin... if that might be part of what you are wanting to achieve in regards to the means of payment considerations or the extent to which your shitcoin might be pegged to bitcoin as a second layer, except I just took a quick look at your crappy coin and the fact that it has it's own token is not going to help it to seem as if it is not a scam.. so you might have to figure out how to fix that part of your shitcoin so that you might be able to gain some credibility in regards to your coin being sufficiently credible, like bitcoin or trying to build upon bitcoin rather than pumping your own bags... of which illogically you are proclaiming that El Salvador is doing the thing that you are doing, so you need to think about bitcoin with a bit more clarity in terms of bitcoin is more of a neutral coin that does not have a central party manipulating it or premining it, so anyone pumping or promoting bitcoin cannot be guilty of pump and dump because they have no control over bitcoin, even if there are some BIG players currently trying to accumulate a lot of bitcoin's supply, but their accumulation of BTC's supply does not give them greater control over it, even if you would like to insinuate bitcoin in such a direction..as seems to be the case with the coin that you are promoting.