El Salvador abandons Bitcoin as legal tender after failed experiment

Re:El Salvador abandons Bitcoin as legal tender after failed... by sporkydistance on Monday February 03, 2025 @07:44PM (#42925740)

If legal tender #2 went up 115% in 4 years I would feel like a jackass for spending it in 2021 because I would have doubled my money if I saved it.

Do you see the absurdity?

[ Parent | on HN ]

Re:El Salvador abandons Bitcoin as legal tender after failed... by josu on Monday February 03, 2025 @08:01PM (#42925935)

Inflationary legal tender is a novel concept.

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Re:El Salvador abandons Bitcoin as legal tender after failed... by bawolff on Monday February 03, 2025 @08:32PM (#42926277)

So novel... remind me again what happened to spain in the 16th century?

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Re:El Salvador abandons Bitcoin as legal tender after failed... by Palmik on Tuesday February 04, 2025 @07:06AM (#42931320)

Can you expand on the argument? You might as well have invested the 2021 "value" (regardless of in which currency it was disbursed) into some non-inflationary asset (like bitcoin, gold or some index fund) -- that should make you feel equally bad.

[ Parent | on HN ]