2021-08-30 Guardian - Scepticism grows in El Salvador over pioneering BTC gamble - page 2.

o_e_l_e_o

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Quote from: DooMAD on August 30, 2021, 09:51:26 AM

And this is a worse scenario to a credit/debit card payment how?

At least with bitcoin you could instantly whip out your phone and look up a block explorer to see if the transaction went through, or even to create a second QR code payment request if it didn't. Good luck doing any of that with a credit card. Did the transaction go through? You'll find out in 3-5 days. You want to phone Visa to ask if a transaction for $5-10 went through? Haha, good luck with that. You want to accept a new transaction only using your phone? Not possible.

Some of the other quotes from the article are equally dumb. For example:

Quote

[Bitcoin] prides itself on the anonymity of transactions

...said no one who knows anything about bitcoin, ever.

DooMAD

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Leave no FUD unchallenged

Quote from: acquafredda on August 30, 2021, 07:30:55 AM

Quote

Litha María de Los Angeles slaps two cheese-filled pupusas – the El Salvadoran cornmeal flatbread – on the griddle. With a camera click on the QR code, she receives her payment: four hundred-thousandths of a Bitcoin. Then, as the rain pelts the corrugated iron roof and a gust of wind lifts the blue plastic table cloths, the power cuts out.

And this is a worse scenario to a credit/debit card payment how? How often do the media dare to attempt to make an argument that we shouldn't use Visa, Mastercard, etc because they don't work when there's no electricity?

NeuroticFish

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Quote from: acquafredda on August 30, 2021, 07:30:55 AM

Where do you think the truth stand or rather a more objective approach on what is really going on in El Salvador?

The truth is always somewhere in the middle.
Bitcoin is the future. But for that you need working internet, you need working power, you need to know a bit of technology.
People are usually wary about the new, especially if they don't understand it.

For example in the first quote, so what that the power goes out? She can probably check her balance from the phone; she most probably has the app on the phone from the start actually. Of course, if the WiFi router is out, she has to turn the mobile data on.

Of course that older people, people who have problems even sending a picture over WhatsApp, will be lost in all this and for them this is some jibber-jabber to make them lose money (you know, that colored paper).

acquafredda

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Quote

Litha María de Los Angeles slaps two cheese-filled pupusas – the El Salvadoran cornmeal flatbread – on the griddle. With a camera click on the QR code, she receives her payment: four hundred-thousandths of a Bitcoin. Then, as the rain pelts the corrugated iron roof and a gust of wind lifts the blue plastic table cloths, the power cuts out.

A tumultuous few weeks awaits El Salvador as it prepares to become the first country to adopt Bitcoin, the world’s most popular decentralised digital currency, as legal tender on 7 September. With that deadline looming, a host of challenges – technological, financial and criminal – threaten to sink the plan of the president, Nayib Bukele, to ride the Central American economy out of its current choppy waters on the back of a cryptocurrency wave.

https://www.theguardian.com/world/2021/aug/30/scepticism-grows-in-el-salvador-over-pioneering-bitcoin-gamble

Only a few days apart, two completely different articles around the matter: the one I linked above which is obviously a critical one and the following I am going to add which tells another story.
Where do you think the truth stand or rather a more objective approach on what is really going on in El Salvador?

https://bitcoinmagazine.com/culture/bitcoin-take-el-salvador-into-the-future

Topic: 2021-08-30 Guardian - Scepticism grows in El Salvador over pioneering BTC gamble - page 2. (Read 328 times)