[throwaway_kufu]

You previously brought up El Salvador’s murder rate as though that has anything to do with or diminishes their Bitcoin experiment.

It is really odd until you reveal below that you have a pretty clear bias against Bitcoin because you personally worked on some traditional payment processing software.

[defaultname]

I mentioned El Salvador's murder rate because it is a very broken country. Literally the worst in the world. What El Salvador does isn't convincing. I'm not the one who brought up El Salvador as a model to justify something.

As to the "clear bias", I literally laughed out loud at that hilarious claim. You seem to have a fundamental misunderstanding about this entire discussion.

Firstly, I don't work in that realm anymore, but secondly it's _irrelevant_ because the product that I worked on could as easily be "backed" by BTC (in fact it is used in multiple jurisdictions backed by various currencies. The net is that something of value can be transmitted between users). None of these payment systems -- including "Bitcoin Beach" -- actually operate off of the BTC blockchain (you know, because it's completely broken trash).

My bias against Bitcoin is that it is a garbage solution that solves literally nothing -- it is one of the worst solutions in every single claimed use -- but that we have to constantly hear a million pathetic salespeople for it because they've "invested" in it. If there were a thousand pet rock HN commentators pitching pet rocks in every discussion I'd shit on that too.

[dadoge]

The biggest problem with BTC is the fools turning it into gambling, making 100x leveraged trades on it.

But, looking at the fundamental properties of BTC, it does have better properties than USD. It’s just not adopted enough to be stable…but you at least gotta admit that, over time, can change

[dadoge]

There is some merits to what you are saying.

Yes, the USD is better for hyperinflation *right now* than BTC as it is more stable.

But I do think BTC has better properties that, in the long run, will prove superior to the USD and gold in environments of absurd inflation.

[dadoge]

The end goal for BTC is not for all transactions to run directly on-chain

Hal Finney basically knew this in 2009

Elizabeth Stark knew this in 2014 and started Lightning