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100 sats \ 1 reply \ @servandofinn 5 Jul 2022 \ parent \ on: Is El Salvador Benefitting from Bitcoin? bitcoin
I would expect nothing less from people who are not professional investors. Of course people don't want an asset that has depreciated so much in a year. But that doesn't mean they know what's best for themselves.
The people your friend spoke with probably don't receive money from family members overseas. Maybe they have no need for banking services at all and live with cash.
The UI issues are completely shortsighted. You don't think these simple issues will resolve in no time?
There are no tax breaks needed. All that has to happen for people to come around to bitcoin is for the US Dollar continue being the alternative, for the Fed to continue controlling monetary policy of said dollar, and for Bitcoin to continue being limited to 21 million.
Right, these people are normal people who work in e. g. transportation. I don't know if they get remittances. My friend has severe problems with money transfers to El Salvador.
Since the UI issues have not been resolved during the last ten years I doubt they will be resolved during the next decade either.
No tax breaks needed? Everybody prefers USDT to btc for starters.
It doesn't matter what academics say, people don't want btc until it is usable and adds value (e. g. via tax breaks). The don't know who Powell is and couldn't care less about the Feds policies.
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