Hacker News Reader

You can use it as an everyday currency in El Salvador. Here's an example from three months ago: https://youtu.be/6IAc1G8xaDs?t=62

View on HN

There are major issues with this implementation:

- goes down with AWS

- uses mongodb

- money disappeared

- people don't understand it and don't use it

- fees are subsidized

- ...

It's ultimately only used for 5 % of the international transfers AND more expensive currency to currency wise.

( I have a more complete write-up with links somewhere in my comments, if you want them)

Edit: here https://news.ycombinator.com/item?id=30091410

How does this refute the argument that you can use it, for legal purchases, in El Salvador?

Also this doesn’t really apply unless you use the custodial wallet. McDonalds isn’t, and you don’t have to either. If you self custody you’ll be fine.

> How does this refute the argument that you can use it, for legal purchases, in El Salvador?

That i wouldn't want to use it if i lived there. It has no benefits, only disadvantages.

The comment you're answering to is pointing out that this is unsustainable in its current implementation in El Salvador (and implicitly unlikely to last), meaning that this example does not refute that

> Bitcoin does not have any place as a real currency

Reply on news.ycombinator.com