Re:El Salvador to adopt Bitcoin as legal tender
by chii on Saturday June 05, 2021 @11:20PM
(#27410482)
> the government will accept payments in BTC.
The telling thing would be what the gov't pays in (e.g., for tax returns). Do they pay you back in BTC? or fiat?
Re:El Salvador to adopt Bitcoin as legal tender
by adrianN on Sunday June 06, 2021 @02:04AM
(#27411130)
Seeing how not being able to print more money when you need it worked out for the government of e.g. Greece, I would be surprised if El Savlador chooses BTC for paying its debts.
Re:El Salvador to adopt Bitcoin as legal tender
by stickfigure on Sunday June 06, 2021 @02:43AM
(#27411268)
El Salvador does not have its own currency; it has been using USD since 2001. It can't print money either way.
Making it a legal currency won't even force anyone to accept it. As far as I understand, it will simply mean that the government will accept payments in BTC.