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Re:El Salvador abandons Bitcoin as legal tender after failed... by EVa5I7bHFq9mnYK on Monday February 03, 2025 @10:12PM (#42927322)
The article says "92% of Salvadorans did not use bitcoin in their transactions in 2024". Which means that 8% did use it in their transactions.
Re:El Salvador abandons Bitcoin as legal tender after failed... by chii on Monday February 03, 2025 @11:22PM (#42927907)
it is probably the same with gold - in fact, i say gold is used even less in transactions. Yet, nobody would deny that gold cannot form a good monetary foundation . Of course, it's not the best - fiat is still, imho, better - but it doesn't mean it can't work.

So why is the IMF so against bitcoins that they'd rather pay to eliminate it? Or are the IMF scared that bitcoin can actually succeed, in a way which prevents IMF members from asserting monetary pressure in ways that benefits them?

Re:El Salvador abandons Bitcoin as legal tender after failed... by dragonwriter on Monday February 03, 2025 @11:48PM (#42928103)
> Yet, nobody would deny that gold cannot form a good monetary foundation

I wouldn’t say nobody (fools exist), but, sure, only a fool would deny the statement “gold cannot form a good monetary system”.

But... Isn't that the opposite of your Bitcoin claim?

Re:El Salvador abandons Bitcoin as legal tender after failed... by freen on Monday February 03, 2025 @11:37PM (#42928023)
Ahh yes, the age old “let’s use a precious metal to denominate our currency” idea.

Cryptocurrency bros are literally speedrunning the entirety of monetary system failures. All of them. You’d think, maybe after the first couple they’d read a book or something?

Heck no! YOLO!

Re:El Salvador abandons Bitcoin as legal tender after failed... by robertlagrant on Tuesday February 04, 2025 @11:23AM (#42934461)
Just to be clear, people who have downvoted you are likely doing so because of tone and attitude, not because they're pro-bitcoin.
Re:El Salvador abandons Bitcoin as legal tender after failed... by nicbou on Monday February 03, 2025 @10:48PM (#42927633)
I wonder what volume of all transactions it represents. I've used Swiss Franc this year but it's a fraction of a percent of all my transactions.
Re:El Salvador abandons Bitcoin as legal tender after failed... by cloudbonsai on Monday February 03, 2025 @11:51PM (#42928132)
In 2021, the percentage of Salvadorans who were using Bitcoin was 26%. After three years of mandatory acceptance requirement, it's now 8%.

It says a lot about the popularity of Bitcoin, no?

Re:El Salvador abandons Bitcoin as legal tender after failed... by j16sdiz on Monday February 03, 2025 @11:57PM (#42928185)
...had used at least once, not "using"

The government were giving out btc

Re:El Salvador abandons Bitcoin as legal tender after failed... by j16sdiz on Monday February 03, 2025 @11:55PM (#42928168)
8% use at least one.

The government literally give (almost) everybody $30 in btc to promote this, 8% is too low

Re:El Salvador abandons Bitcoin as legal tender after failed... by pasquinelli on Monday February 03, 2025 @10:27PM (#42927455)
this is the funniest way to reply
Re:El Salvador abandons Bitcoin as legal tender after failed... by genem9 on Tuesday February 04, 2025 @04:57AM (#42930408)
8% is huge