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A comment on El Salvador to adopt Bitcoin as legal tender. Parent comment

Re:El Salvador to adopt Bitcoin as legal tender by acdha on Saturday June 05, 2021 @08:55PM (#27409727)
Bitcoin can’t scale to handle anywhere close to that much volume, and the deflationary model makes stability harder to maintain since it discourages routine usage.
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Re:El Salvador to adopt Bitcoin as legal tender by myrryr on Saturday June 05, 2021 @09:09PM (#27409830)
They are using lightning, which is designed to do so. It if was just bitcoin then yes, they would have serious issues, but it isn't.
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Re:El Salvador to adopt Bitcoin as legal tender by acdha on Saturday June 05, 2021 @09:36PM (#27409968)
Maybe Lightning will scale that well but it hasn’t been demonstrated yet. More importantly, that’ll push a lot of the properties people believe to be true to the banks in all but name most people would actually use.
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