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by pengwing 1638 days ago
BTC is already a de-facto currency in El Salvador and somewhat short term stable.

As an asset class BTC solves yet another problem: It is a better version of gold due to the hard supply cap.
1 comments
da-x 1638 days ago
"Bitcoin Failed in El Salvador. The President Says the Answer Is More Bitcoin." [1]. Short term stable? A currency that falls 20% in one month is far from it.

Gold is the least good example among these kind of assets, because ownership is less bound and provable by law. Stocks and real estate are much better in that regard.

[1] https://foreignpolicy.com/2021/12/06/bitcoin-city-el-salvado...

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genewitch 1637 days ago
The US dollar has fallen way more than 20% in value in the last year, if my grocery and petroleum expenditures are any indication.

Or is that why Bitcoin is "worth less", too?

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