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Buttcoin @awful.systems sc_griffith @awful.systems

A week of failing to pay with bitcoin in El Salvador

reason.com A week of failing to pay with bitcoin in El Salvador

When President Nayib Bukele promised that bitcoin would be accepted everywhere in El Salvador, it seemed like a glimpse into the future—a world where

A week of failing to pay with bitcoin in El Salvador

bonus HN thread https://news.ycombinator.com/item?id=42014013 :

> For online service.. a $80 purchase costs at least $2.00. For a online purchase for computer hardware I paid over $45 for a $2k purchase. BTC fails hard in the real world as far as I'm concerned. The little I have left from mining while the sun was up, I'll use for just silly purchases online. > What you're missing is that it costs the same $2.00 to transfer $1T-worth of bitcoin. Try that with anything else that offers final settlement.

archive: https://archive.ph/osPSg

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