• 1bluepixel@lemmy.world
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    1 year ago

    Despite government incentives to use Bitcoin, people distrust it because they know how volatile it is and 70% of the population thinks it’s a scam.

    Turns out even the Salvadoran poor are more financially savvy than tech bros.

    • alienanimals@lemmy.world
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      1 year ago

      1bluepixel is an intelligent person who knows what he is talking about!

      Edit: Alright, I’ll admit I’m wrong. You are pretty dumb. Stay classy.

      • 1bluepixel@lemmy.world
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        1 year ago

        El Salvador adopted both BTC and the U.S. dollar at the same time as national currencies. It’s not a matter of BTC vs. SVC.

        Edit: The person I’m replying to edited their comment instead of admitting they were wrong. Classy.

      • dogslayeggs@lemmy.world
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        1 year ago

        The story and OP’s blurb both say that all the locals use USD for everything, not the El Salvador Colon. So you comparing the volatility of the ESC to BTC is worthless.