130 sats \ 5 replies \ @faithandcredit 24 Jul 2022 \ on: El Salvador’s Embrace of Bitcoin Didn’t Bring Prosperity — It Rode in With... bitcoin
Cbdcs will have the same problems if not worse. I think el selvador deserves credit for pioneering this move to digital currency with bitcoin which is the best digitil currency rn.
Yes, it definitely deserves credit. But saying that "the other thing" will be worse is a form a political whataboutism that does not help the current issue at hand. CBDCs are going to be evil, malicious and tyrannical - no doubt about it. That should serve as motivation for all of us to help El Salvador succeed with Bitcoin adoption. It appears that it's not gotten off to the smoothest of starts.
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China also tried to roll out the e-yuan but ppl just didn't want to use it. They were happy with cash and whattsapp I believe.
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E-yuan adoption probably dont mean much since every chinese use wechat pay or alipay for everything. They are more cashless than anywhere else
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Thanks it was wechat pay I was thinking of. Imagine if wechat pay adopted btc.
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The CCP exercises massive authority over the Chinese tech companies. I would be absolutely stunned if they allowed WeChat to integrate Bitcoin or Lightning.
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