this post was submitted on 04 Feb 2025

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El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment (ticotimes.net)

submitted 2 days ago by ooli2@lemm.ee to c/worldnews@lemmy.ml

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[–] anomnom@sh.itjust.works 1 points 14 hours ago (1 children)

Stil though, how well does that work with a rapidly fluctuating value of the bitcoin? Prices would have to be superfluid for external good to have known value of some sort.

Stability of the value of savings and currency seems crucial to using it for trade.

[–] PrettyFlyForAFatGuy@feddit.uk 1 points 11 hours ago

It'll settle eventually