Subj : re: El Salvador + Bitcoin
To   : paulie420
From : gcubebuddy
Date : Thu Sep 09 2021 12:57:50

 pa> I've been watching the El Salvador Bitcoin news, and I believe on 9/7/21
 pa> they fully switch over to accepting Bitcoin as their national currently.
 pa> All companies and vendors must accept Bitcoin, and you can pay all bills
 pa> and - its their national currency.
 pa> Sure, they may have got lucky in the beginning, but I think the real
 pa> experiment is how their nation goes thru the fluctuation in the FUTURE.
 pa> If BTC is going to remain their national currency, the real proof is in
 pa> how do they manage fluctuation that they can't control.
 pa> And it still doesn't solve their problems they had while using USD as
 pa> their national currency. They can't mint new coin, they don't control
 pa> rates. So, it will be really interesting to see how this works out for
 pa> El Salvador. Very neat stuff... I don't know that I'd be a fan of the
 pa> decision, but their population is going to be along for the ride.

right! ya i think i would have chosen something like shiba, and wait for it
to get pinned to $1 as a stable coin like they are talking about doing. that
way, it wont be as prone to fluctuations. my guess is Bitcoin / Etherum will
basicly end up being digital gold / silver, and they migrate towards doge or
shiba....

Thanks
 - Gamecube Buddy 

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