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El Salvador abandons Bitcoin as legal tender

(ticotimes.net)
927 points smallerfish | 1 comments | 04 Feb 25 00:00 UTC | HN request time: 0.27s | source
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epolanski ◴[04 Feb 25 00:15 UTC] No.42925380[source]▶
Nobody wants to spend it anyway, just hoard or sell it to the next sucker willing to shell more $.

Among all the crypto shills I know I'm probably the only one who has used it for trade (0.25ish Bitcoins for a computer on caseking.de in late 2017 and few goodies on local bitcoin in the same year).

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dmix ◴[04 Feb 25 00:19 UTC] No.42925427[source]▶
Mostly because transferring BTC is very expensive. Every time I’ve done it I’m shocked at the fees that sites like Bitbuy requires. So if you’re going to do it then it has to be for a good reason.
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1. do_not_redeem ◴[04 Feb 25 00:45 UTC] No.42925748[source]▶
Bitbuy is just a random exchange. You're placing blame at the wrong layer. Blaming bitcoin for Bitbuy fees is like blaming the Federal Reserve for Western Union fees.