The only two countries that accept bitcoin as a legal tender are noted powerhouses El Salvador and the Central African Republic… not exactly world leaders.
Comment on Linux Inventor Says He Doesn’t Believe in Crypto
SchmidtGenetics@lemmy.world 5 months agoHaven’t multiple govnements accepted it as real currency at this point? The arguments are valid, but fall flat when you actually look into each.
Ciderpunk@lemmy.world 5 months ago
Rustmilian@lemmy.world 5 months ago
No, no major government has completely adopted cryptocurrency as legal tender. El Salvador became the first country in the world to do so in September 2021, but there have been significant challenges. Cryptocurrencies are still considered too volatile and risky by most governments for everyday transactions.
MeekerThanBeaker@lemmy.world 5 months ago
And crypto is more stable than some governments’ real currency. It’s been a life saver for some people.
It’s also a lot faster for transactions than normal banking when sending money to people in other countries.
It’s still in the early days… like email in the late 80s / early 90s. It should get better, but there’s so much crap and scams out there right now. It’s still very much the wild west. It’s like Wall Street on acid.
dustyData@lemmy.world 5 months ago
Yeah, El Salvador, people from there told me quite recently that it’s not at all what the government propaganda is trying to sell. Nobody uses Bitcoin and it is only accepted by a few state institutions.