Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
Tether is one of the means to potentially interface with some fiat systems and shitcoin systems and perhaps other systems.. Bitcoin does not need tether to be successful for bitcoin to be successful, even though surely tether can continue to serve as one possible interface option.
Huh? Like saying Toyota doesn't need Nissan to be successful. That makes no sense.
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I don't claim to know all things about these kinds of matters, yet if you are making various false equivalencies and acting like you don't understand why it is a good idea for El Salvador to be welcoming (or to form alliances) with Tether, then you seem to be purposefully wanting to overly simplify matters and just create (propagate) your own various false and/or misleading narratives.
Do you have evidence of these assertions, or are you just trying to say that what I am saying makes you angry somehow?
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Seems to me that bitcoin continues to grow in so many [...]
Of course Bitcoin has increased in price, and it might increase further. There are many factors that drive an instrument's price. IBM mainframes are still sold today and they still sell for a lot of money, for instance.
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There has been plenty of development on bitcoin too.. so seem to be purposefully blind if you are ignoring obvious facts or acting like you don't know anything.
Can you please give us a link that demonstrates how the Bitcoin network has significantly changed for its users in, say, the last 12 months?
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Fiat institutions relate to various confusing and convoluted monetary systems that are inexistence [...]
Fascinating. Can you give us a specific example of a "fiat institution"? Like one with an address and a website, and not just a vague "them"?
Bitcoin cannot just take over the dollar without systems building and people getting used to it.
Yes, people need to "get used to" transactions taking up to 30 minutes to transact, and cost up to $30. [/quote]
L2s are not Bitcoin. L2s are what you Bitcoin maxis would call a "shitcoin" because it's not... Bitcoin, and you call anything that isn't Bitcoin a "shitcoin".
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By the way, if it costs me $30 to do a transaction for $1k.. that might cost a lot, yet if I am making the same transaction, and maybe I send one transaction for $1 million or for $10 million or for $100 million, but it does not matter for the size, so then $30 seems like a pretty good deal for a larger transaction.
Absolutely. But 99.99% of the world's daily transactions are not $1000 or even $100.
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I can also batch my transaction and if the transaction is coming from one sending address, it could be going to 5 or maybe 35 or maybe 100 or maybe even 1,000 or more different destinations, and the amounts for the recipients might vary. Some of the recipients might receive a few dollars and other $100s of dollars and others $1,000s, and $10s of thousands, and maybe I have a few transactions for a $million. It would still cost me $30 since I was sending them from the same starting address. There could be some use cases for that, no?
Interesting idea. What centralized, non-Bitcoin system would you use to make these transactions?
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Seems like you are either making shit up or exaggerating. El Salvador is not giving up on bitcoin. They are continuing to build, continuing to teach and continuing to develop. Didn't you see the nodes in every house article in this thread that seems to contradict your misleading proclamations about El Salvador supposedly giving up on bitcoin. Not easy to take someone like you seriously..
I never said they were. I only said that their moving to other products--and breaking Bitcoin's monopoly--is a bad long-term sign for Bitcoin. That doesn't mean anything will happen tomorrow or the day after tomorrow, or that Bitcoin's price will crash in the next year, or even anything, since there are a lot of factors in any product's success in the market. But El Salvador bring in other non-Bitcoin currencies is not a positive development for Bitcoin. There might be other factors that overcome this one, but that factor itself is negative.
You really don't need to be so hysterical...