El Salvador abandons Bitcoin as legal tender

(ticotimes.net)

927 points smallerfish | 1 comments | 04 Feb 25 00:00 UTC | HN request time: 0.366s | source

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ks2048 ◴[04 Feb 25 00:26 UTC] No.42925530[source]▶

Do pro-bitcoin people still talk about goals of bitcoin being a currency that people use daily?

I don't follow it closely, but that idea seems to have faded and now it's just an asset to buy and hold while it magically goes up forever.

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desumeku ◴[04 Feb 25 00:37 UTC] No.42925658[source]▶

>>42925530 #

For daily usage, Bitcoin is simply inferior to Ethereum and other blockchains.

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block_dagger ◴[04 Feb 25 00:38 UTC] No.42925670[source]▶

>>42925658 #

That opinion is not shared by those who think Proof of Stake and no ceiling to supply are bugs vs features.

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1. tim333 ◴[04 Feb 25 08:35 UTC] No.42929767[source]▶

>>42925670 #

Proof of Stake etc are a bit irrelevant for daily use. If you want to do something like make a bet on polymarket the newer chains are faster, easier and cheaper than bitcoin or ethereum on the whole. Polymarket uses polygon for example which is a fork off ethereum but it doesn't matter much which such network you use and the bets are denominated in US$. Bitcoin lightning is ok but more awkward to use than polygon et al.

Proof of Stake and no ceiling to supply are important if you are going to hold the thing for decades which is a different issue.

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