Quote from: tvbcof on Today at 03:00:46 AM

A few months ago I managed to get some of my 'old money' out of my bank [...]

[explanation about how it takes weeks to get money out of your particular bank deleted]

So, yeah, I could 'get used to' 30 min and $30 rather easily when I have to use L1 BTC which is rare since L2 BTC works great and solves the possible future problems which we have been promised by 'experts' were 'weeks away' for a decade.

Suffice it to say that your experience is... unusual. Most credit card transactions take less than a few seconds for instance.

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As I and others argued, L2, when developed, would resolve these issues while bolstering L1 Bitcoin instead of destroying it or compromising the original principles.

I have no problem with an L2--heck, I built the fastest one in the world--but an L2 is not Bitcoin. Your interaction is entirely with the L2, and whether the backing investment is Bitcoin, USD, or some mix of stocks or whatever, the actual technology you are using has nothing directly to do with Bitcoin.

Indeed, when people ask me whether Bitcoin will survive against competition in the long run, I use L2s as an example of why it will not survive because it's basically just a different currency pretending it's got something to do with Bitcoin.

Quote from: Sebas.tian on Today at 03:40:40 AM

Quote from: legiteum on Today at 12:39:07 AM

My original point was that El Salvador's latest move embracing Tether, when they have previously been so focused on Bitcoin, is a sign that they are looking for other solutions that Bitcoin cannot address, even though Bitcoin is literally written into the law there. And insofar as El Salvador is looking past Bitcoin and instead to a competitor, this is a negative development for Bitcoin.

I think this is a very defensible point, and given that the only response has been... personal attacks, I would say that the point has held up quite well.

El Salvador Will not move on and forget Bitcoin, because they know what they have achieved from Bitcoin over some years before they made it legal tender in their country and also be the first country in the whole world to make Bitcoin legal tender.

Nobody forgot the contributions of IBM Mainframes either, and in fact they are still in use today. Early adopters of those systems did really well because they were on the forefront of the computer revolution and then the internet revolution. Bitcoin will always be remembered in El Salvador as the catalyst to get them a more advanced financial system.