RetroFedEl Zonte, a village on the coast of El Salvador is the self-proclaimed bitcoin capital of the country. Bitcoin is accepted almost everywhere.
cross-posted from: https://lemmy.ca/post/61388131
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Yeah…. It’s kinda the entire problem with Bitcoin as a concept. It’s the bastard child of a commodity and currency, featuring the worst aspects of both its parents.
It’s a commodity with no inherent value, and a currency with no guaranteeing partner or oversight. Tbh the only real values it can express are all highly detrimental towards society at large.
kbalSure it sucks as a currency, but it if you’re the only town doing it then it might work okay as a tourist attraction to draw in any remaining wealthy bitcoin enthusiasts.
It was a weird vibe in the village. Either bitcoin people, who tended to be middle upper class, or surfers.
Only for transactions on the main (L1) blockchain. Small transactions are usually done on a secondary (L2) blockchain so they’re fast and cheap, and then periodically synced back to the L1 chain in one big transaction.
vext01I dont think its that big, but bitcoin is also very slow, which wont help.
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Yeah, and meanwhile visa are doing god knows how many million transactions per second.
Guys, I have a genius idea: How about we make money, but every single time we spend/receive money, it gets harder to process that transaction!
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man, I got totally zonted in the zonte last time I was down there
yeah, you know, I’m really doing OK with just the one kidney. seriously. thanks for asking