0 sats \ 2 replies \ @topsecret 1 Feb \ parent \ on: Bitcoin Was A Jeopardy Answer Tonight bitcoin
It was the $800 clue in Double Jeopardy, "Business & Finance History". The actual clue:
In 2021 El Salvador's govt. made all businesses accept this as payment & introduced the digital "Chivo Wallet"
(This is actually not accurate; businesses are not required to accept bitcoin in El Salvador.)
write
preview
20 sats \ 1 reply \ @nullama 1 Feb
Since Bitcoin is legal tender in El Salvador, it can be used to pay any debt.
This means that in the same way as cash, they have to accept it.
reply
0 sats \ 0 replies \ @topsecret 2 Feb
If I show up at the pupusería with only bitcoin, they don’t have to sell to me. And in practice, almost never will. There is never a debt that they are forced to settle with my bitcoin.
reply