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32 sats \ 2 replies \ @DarthCoin 10 Mar \ parent \ on: El Salvador is a huge honeypot for future presidents (criminals) meta
They should start convincing other people from around the world to accept their products for sats. They need bitcoin partners. Yes, is the only way to go forward for ES, otherwise they will go back to USD standard.
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10 sats \ 1 reply \ @kingzing131 10 Mar
I work in manufacturing, your trading partner might accept Bitcoin as payment.
But there are hundreds of parts in a BOM, freight (container, custom and duties etc) etc.
You can't get rid of fiat in the equation. Whoever accept Bitcoin will have to hedge it.
medium of exchange don't matter nearly as much as store of value.
Places with hyper inflation would be happy to trade with anything, a pack of cigarettes. During covid 19 lockdown in china, they were having a full barter system.
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0 sats \ 0 replies \ @DarthCoin 10 Mar
Then... we all gonna die in fiat slavery. Done. If nobody will do that step forward, we all gonna die. Simple as that.
That's why I always said: Bitcoin is ONLY for brave, not for the weak.
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