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0 sats \ 6 replies \ @jgbtc 9h \ on: IMF and El Salvador bitcoin
It's unfortunate that the people of El Salvador didn't embrace bitcoin more. I keep hearing adoption is very low because people either are too poor to save anything in bitcoin, or are just uninterested. Either way, an incredible opportunity was missed. If widespread adoption occurred and a significant percentage of the population had stacked, the current situation would be very different.
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21 sats \ 0 replies \ @Skipper 7h
adoption is very low because people either are too poor, or are just uninterested
because the people are stupid and don't bother to spend 10 hours studying btc , they rather be poor and blame the rich
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21 sats \ 2 replies \ @BallLightning 7h
What do you mean "too poor"? Bitcoin should be usable by both the rich and the poor.
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1 sat \ 1 reply \ @Skipper 7h
depends
if you are extremely poor (making single digit $) per week , you won't be able to afford btc(or open your own LN channels) due on chain tx fees and small UXTOs.
you will be forced to use custodials
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1 sat \ 0 replies \ @BallLightning 6h
Well, this is a failure of bitcoin then unfortunately. But if bitcoin can't handle this case, you can still can use custodians as you said.
I wrote somewhere something vaguely related that it is that base routing fees make sending very small number of sats too expensive, but I was immediately attacked for, quote, "missing the plot". Go figure.
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1 sat \ 1 reply \ @DarthCoin OP 7h
Bitcoin adoption will never come from a gov declaring it "legal tender". That's a total bullshit.
As i always said:
What does it means that? A sovereign individual is responsible for its own actions and do not let anybody to govern him.
When people will fucking understand this simple fact, then we can talk about adoption. Until then is just bulshitism.
All these Bukeles, Mileis, and Trumps are just politician liars. People should stop giving them attention and stop being fucking slaves. You don't need any gov to tell you what you should use as money. You use what you want and fuck'em'all.
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0 sats \ 0 replies \ @Solomonsatoshi 1h
So as things stand in most countries where Bitcoin is allowed it is effectively illegal to use as a MoE as to record and calculate tax on every transaction is something very few people could reasonably do. You and I might choose to ignore the law regarding use of Bitcoin for MoE because the law is BS, but we cannot expect most people to risk their liberty and freedom from prosecution in order to advance Bitcoin. Governments are an inevitable reality. Without government people are thrown into chaos and most likely poverty. How long would you last in an environment where there is no government? Most people would immediately be forced to create their own government of some sort- it is an unavoidable reality of human existence.
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