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0 sats \ 3 replies \ @jgbtc 12h \ parent \ on: IMF and El Salvador bitcoin
I meant being too poor to save anything. Like some people just have barely enough to survive let alone stack sats. I don't how accurate this is, it's just what I've heard is one of the issues preventing more widespread adoption. I wasn't referring to transaction fees.
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10 sats \ 2 replies \ @BallLightning 6h
Even if you don't have enough to stack, you should be able to use it to buy things you buy as a poor person.
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0 sats \ 1 reply \ @jgbtc 2h
Good point. But I'm talking specifically about the challenges in accumulating bitcoin, not spending. Is usage in spending bitcoin widespread in El Salvador? I didn't realize that.
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0 sats \ 0 replies \ @BallLightning 1h
As far as I know it is not. I am talking about what things should be, not how things are. Furthermore if we ignore the barriers to entry due to transaction fees, we still have the problem of bitcoin volatility. And that's because everything there is priced in dollars. If things there were priced in sats maybe that wouldn't be a problem, but I think prices in sats is something that can only possibly happen at the last stage of bitcoin adoption.
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