El Salvador's crypto experiment ends in failure

Re:El Salvador's crypto experiment ends in failure by crazygringo on Sunday March 09, 2025 @08:45PM (#43315632)

I'm taking about currency value in local purchasing power.

And that's what you're observing -- prices are mostly stable.

Currency exchange fluctuations only affect imports and exports, and they vary as well between each pair of countries.

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Re:El Salvador's crypto experiment ends in failure by wegfawefgawefg on Monday March 10, 2025 @01:28AM (#43317261)

thats the same with bitcoin

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Re:El Salvador's crypto experiment ends in failure by crazygringo on Monday March 10, 2025 @09:23AM (#43320331)

I will repeat my other comment:

> Just over the past year BTC has gone between $54K and $104K.

That's crazy volatility. That is not the same as local currencies.

And with Bitcoin there's no such thing as local purchasing power.

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Re:El Salvador's crypto experiment ends in failure by wegfawefgawefg on Friday March 14, 2025 @08:06PM (#43368632)

theres no local purchasing power only because it isnt used locally like that

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