Hacker News Reader

Comment by EVa5I7bHFq9mnYK | Hacker News Reader

The article says "92% of Salvadorans did not use bitcoin in their transactions in 2024". Which means that 8% did use it in their transactions.

View on HN

it is probably the same with gold - in fact, i say gold is used even less in transactions. Yet, nobody would deny that gold cannot form a good monetary foundation . Of course, it's not the best - fiat is still, imho, better - but it doesn't mean it can't work.

So why is the IMF so against bitcoins that they'd rather pay to eliminate it? Or are the IMF scared that bitcoin can actually succeed, in a way which prevents IMF members from asserting monetary pressure in ways that benefits them?

Ahh yes, the age old “let’s use a precious metal to denominate our currency” idea.

Cryptocurrency bros are literally speedrunning the entirety of monetary system failures. All of them. You’d think, maybe after the first couple they’d read a book or something?

Heck no! YOLO!

Just to be clear, people who have downvoted you are likely doing so because of tone and attitude, not because they're pro-bitcoin.

> Yet, nobody would deny that gold cannot form a good monetary foundation

I wouldn’t say nobody (fools exist), but, sure, only a fool would deny the statement “gold cannot form a good monetary system”.

But... Isn't that the opposite of your Bitcoin claim?

I wonder what volume of all transactions it represents. I've used Swiss Franc this year but it's a fraction of a percent of all my transactions.

In 2021, the percentage of Salvadorans who were using Bitcoin was 26%. After three years of mandatory acceptance requirement, it's now 8%.

It says a lot about the popularity of Bitcoin, no?

...had used at least once, not "using"

The government were giving out btc

8% use at least one.

The government literally give (almost) everybody $30 in btc to promote this, 8% is too low

this is the funniest way to reply

8% is huge

Reply on news.ycombinator.com