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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: 0.297s | source
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ffjffsfr ◴[04 Feb 25 07:19 UTC] No.42929173[source]▶
IMF forced them to drop, but if they want to use crypto as legal tender, why use BTC which has high transaction fees? Why not something with low or zero fees and efficient chain? There is million of crypto out there and most open source, so govt could even launch their own coin on top of existing chains.
replies(2): >>42929219 #>>42929266 #
1. 127 ◴[04 Feb 25 07:32 UTC] No.42929266[source]▶
The lower the transaction fees, the lower the decentralization, security and usage. There has been no new breakthrough that gives "efficiency" without sacrificing other important factors.