Re:El Salvador abandons Bitcoin as legal tender after failed...
by genem9 on Tuesday February 04, 2025 @05:46AM
(#42930760)
They already are. Just bought 20
Re:El Salvador abandons Bitcoin as legal tender after failed...
by taurknaut on Tuesday February 04, 2025 @08:16AM
(#42931906)
Who are they possible gonna offload that bitcoin on to? Their neighbor? That doesn't strike me as a socially acceptable thing to do.
Re:El Salvador abandons Bitcoin as legal tender after failed...
by olalonde on Tuesday February 04, 2025 @08:53AM
(#42932331)
There's a deep and liquid market for Bitcoin - El Salvador isn't even a major holder in the grand scheme of things. I don't see what's socially unacceptable about selling Bitcoin to a willing buyer; it's simply a transaction between two parties, no different from trading foreign currency like USD. There's also no indication that they plan to spend or trade their Bitcoin anytime soon.
Re:El Salvador abandons Bitcoin as legal tender after failed...
by taurknaut on Tuesday February 04, 2025 @10:36PM
(#42943393)
> i don't see what's socially unacceptable about selling Bitcoin to a willing buyer
Well you're accepting payment for something people are expecting to hold value. Bitcoin only has value to a small subset of people with money. I'd definitely judge you for selling it if you have options for financial transactions via SWIFT.
https://www.reuters.com/markets/currencies/el-salvadors-bitc...