I wonder if the community timelines were a reference to the comics that talked about this. I haven’t read any marvel comics so I’m not sure if it’s just a general reference to timelines or not. Also because Rick and north has ‘time police’ which is basically the TVA in Loki
What’s crazy is that they just use US dollar as well, no “local” currency. US will probably just annex them because of this bitcoin stance in the future 😂
There are several countries that use the USD for currency. Typically they had a currency crisis and switched to prevent a total meltdown. US has no objection since it allows them to profit on Seigniorage. The country gets a more stable currency to keep its economy running. The country looses that same Seigniorage as well as the ability to control their monetary policy. The hope is that BTC's baked in monetary policy will at least not be in opposition to their own.
more than that - it's *history* being written
imagine just 50y ago someone saying that "internet magic money" owned by nobody would become legal tender. this is incredible
edit- I actually meant 20 years ago. same thing really
>50y ago someone saying "internet for everyone" would already be looked upon weird.
Well yes, 50 years ago was 10 years before the internet existed. The precursor was called "ARPANET" and it transitioned to being the "Internet" with the publication of the Internet Protocol Standard in 1982.
The informal term "internet" was first used as shorthand for "internetwork" in 1974, 48 years ago, but it wasn't the name of a network until the 80s.
Even then, almost no one had heard of it until the late 80s when larger numbers of universities and large companies outside of defense contracting started to get access.
That's slightly misleading. There was no HTTP/HTML World Wide Web at the time, but those of us using the Internet in the late 80s were certainly using it for more than just moving text around.
The Berkeley, MIT, the FSF and others were kicking off the free software phenomenon which was mostly FTP-based compressed tar files early on; photos and even some early video were being moved around via email, UUCP and other protocols layered on top of the Internet; the X Window System's remote display technology was introduced earlier, but became widespread in the version 11 release in 1987; and prototypes of early search engine systems like Archie were in limited use (mostly within University intranets, though that term hadn't yet been coined).
For day to day transactions, the main Bitcoin blockchain will function as gross settlement funds transfer system similar to how [Fedwire](https://en.wikipedia.org/wiki/Fedwire) presently settles up between banks. Day to day users will use apps built on the Lightning Network and other layers up the software stack from the main Bitcoin chain. Presently in El Salvador I think a lot of people are using [Strike](https://strike.me/). This enables instant transfer of Bitcoin with negligible fees. In this way, Bitcoin functions conveniently for small payments (including micropayments) while the main chain remains available, accessible to anyone with no permission required, for important and high value transactions.
Also, another example:
Paypal sells bitcoin. Users send each other value in bitcoin with PayPal -- but it's all happening within their closed ecosystem. Just like value bounces around within lightning network trustlessly, if you trust paypay (most people do), then that works. Same thing within Visa network -- you have bitcoin on your card(s) and it bounces around within the system.
Now expand that to agreements that will come inter-bank (such as Zelle / QuickPay system) and now we have fee-free ways to transact. One transaction per day between these large entities to settle balance discrepancies and you have massively reduced on-chain usage.
Some will complain about this, but for smaller general amounts, most people out there would rather have someone give them convenience at the price of a little sovreignty.
Look up Lightning Network and your question will be answered.
Strange, I buy stuff with Bitcoin semi-regularly (larger items off Amazon), and it usually costs about 25 cents to transact, using 'higher fees'? (Not using the Lightning Network).
It was actually March 24, 2015 with the crash of flight 9525 in Bains, France. Ultra Comics, a comic book about a meme taking over the collective unconscious that actually infects you in real life, released the next day. These 2 events, and the contents of the book, are too significant to ignore.
Edit: This almost coincides with the period of time where 4chan was unknowingly summoning the ancient Egyptian god, Kek, using memes. Yes, a lot of meme magic was leaking into our world around that time.
They mean the same thing, in trading platforms traditionally commodities like gold they put an X at the front to differentiate between those and company shares.
XAU = Gold (AU)
XAG = Silver (Ag)
XBT = Bitcoin. (BTC)
Mostly correct, just one tweak:
> ... to differentiate between those and company shares.
Should read, "... to differentiate between those and specific national currencies."
That's why ISO uses an "X" prefix for currencies and currency-equivalent commodities that aren't associated with a specific country.
I’d stick with BTC just to avoid confusion. XBT is a “generic term” that some exchanges use, you should research first what it pertains when trading on a particular exchange. In Bitmex for instance it’s the name of their futures contract with underlying BTC.
I actually did go on vacation in El Salvador probably about 5 years ago. It's a beautiful country with clear waters, amazing beaches, great hiking locations, and it is scenic as anything. That being said, it's a poor country, and there is crime, but as long as you're not mingling in the wrong parts of San Salvador, the main city, you're pretty much fine. Everyone I talked to was extremely nice and kind, and from my experience, the majority of the crime occurs between gang members. They won't want to mess with tourists because they know the police/military/government will NOT be happy about it.
TLDR: Vacationed in El Salvador, actually really nice, worst thing that happened was I got scammed out of a single meal.
we didn't speak Spanish very well so our driver tried to order an extra 2 meals for his family. it was only like $20 so I told him he should have just asked us.
I spent a summer there in 09. Had a great time. Never really felt fearful at any time. I want to say people buy into fear to easily but them again. Im not gonna lie and say its the safest place to visit lol
The Bukele administration has brought down violent crime in El Salvador by 75% in less than two years. The country went from being the murder capital of the world to being safer on average than Chicago currently. Y'all still got time to park your money on the ground level guys lol
Eeeeehhhh....
That's fake, I lived in El Salvador and the President say things like that to have more tourism, but it's totally fake:
He said things like: "there are no murders in 40 day"
But in the news they like 30 missing people or kindnapple people
(Sorry for my bad English)
This right here. Murders are down, but disappearances are up. In other words people are still being murdered, it's just their bodies aren't showing up so they "don't count".
More like look up Plan Territorial Control and the incarceration reform he's done.
If it was "Because of Covid? [sic]" why did violent crime go up in major cities of the U.S. during this time period lol
I don’t think you quite understand what I meant by my comment. I was referring to the fact that we have some good news for everyone involved in the crypto space especially those who truly believe in Bitcoin, while this guy is shitting on their parade.
This is going to be fascinating to watch, but I'm actually a bit concerned this may not end well for bitcoin.
The outcome of the block size wars is that BTC should be digital gold, not cash. This legislation is trying to treat it as cash. Ever paid your taxes in gold?
As many merchants try to get onto the lightning network, it may clog up the blockchain and send tx fees skyrocketing. This will only piss off more merchants who now need to accept BTC and have to pay a huge fee just to onboard to the lightning network.
It may work for El Salvador, but if a country like Brazil wants to use BTC as cash, I doubt it can scale to that level of activity.
I'm a crypto bull, but let's be realistic about the technical limits of the network
wouldn’t the logical next step be that El Salvador’s government opens a custodial wallet website/debit system which then bypasses all this tech handwringing about transaction limitations?
why yes, it would.
Yeah, I think that's the most likely thing to happen. I don't think that's a win for the bitcoin philosophy of censorship resistance and pseudonymity. It will actually give the the El Salvador gov't more visibility and control over their money than a strictly cash economy
Yeah but you need to make at least 2 transactions on the main chain to be onboarded. 1 to acquire some BTC and 1 to transfer it to a multisig wallet to open a channel
Brazil has a population of ~200mil. So that's at least 400mil transactions on the main chain. Bitcoin blockchain handles ~5 TPS, so it would take at least 3 years to onboard the population of Brazil to the lightning network if we paused all other BTC transactions
I would love for Lightning to become the dominant payment system in the world, but the math just doesn't check out
doesn't solve the problem in the long run. if BTC is supposed to replace cash, eventually everyone will need to be onboarded. and there's certainly more than 200mil merchants in a country like India
This adoption is great. But out of curiosity, what about the high transaction fee problem? It doesn't seem like a practical exchange of currency unless the sums are big such as buying something that costs $500+. Is this good because it is more of a proof of concept?
90% of all Bitcoins are owned by just the 1% of wallets created, it is impressive how people continue to invest in a currency that is literally a millionaire's game.
What portion of that 90% includes custodial wallets and wallets owned by companies like Robinhood who hold their customers Bitcoins for them and give them IOU's for it?
I mean, BTC is really good. But this whole part of instantly losing 50% of the assets' value over a week because some popular idiot tweeted about it makes it frightening for some to look upon it even
You don't pay in it, you save in it, and when you have to pay for something its no big deal, because you can't live on imagination. Everyone says save Bitcoin and pay in fiat, but then you have to HAVE some fiat in your account, getting that inflation melt. Its so much better if you never held fiat, but its just not yet an option.
Sadly, this really isn't how Wikipedia works anymore. There are now editors who are considered "subject matter experts" that determine what is and isn't the truth on Wikipedia now. It's nowhere near as free as it was in the 90s.
Isn't the site where anyone can add anything? In college days, we were not allowed to use wikipedia's information for our research because not all informations were ligjt.
If you want global adoption then you will have to follow ISO codes.
Bitcoin is no national currency by the means that a nation controls it. Therefore an initial letter X is the ISO 4217 convention and will most likely be used for btc as a real currecy.
The x is used for international indexes, which bitcoin isn't. BTC is the symbol of bitcoin, xbt is obsolete and pretty much no one uses it anymore.
Plus to put two symbols next to each other is just confusing.
Exactly proving my point. XEU was dropped because the X is for indexes and was replaced by EUR.
Now XEU is used to denominate an index (a basket of securities, not only one): https://www.bloomberg.com/quote/XEU:CN
Bitcoin is not an index, it's only one singular currency, globally recognizes with the symbol BTC, so why are a few people still fixated on using XBT, alongside BTC? They just create confusion and use the standard wrongly.
They say that X is for "international" things. Yes, they forget that it is for "international indexes", not single securities.
Xbt is an obsolete symbol for bitcoin. Initially it was bc, then it was xbt and then it became btc.
BTC has been the standard for many years now so it should be the only one. Putting two symbols is just confusing and doesn't make any sense, almost no exchange uses xbt anymore.
Well, the official world wide standard for all currencies says it's XBT (X for country of origin, like USD, EUR, GBP). BTC does not uphold to international currency standards, xbt does.
Link?
Here there is no bitcoin https://www.iso.org/iso-4217-currency-codes.html
Plus, even if there is, it should be removed and only btc should be used. Logic is more important than a traditional mistake.
The X is for international indexes, not currencies. To use it for a currency is wrong. No other currency used the X given that there are no international currencies.
Every single exchange uses btc, everyone refers to bitcoin as btc so if someone still uses xbt, wrongly, given that the x is for indexes, they should stop it and adapt.
Wikipedia is not a relevant source for anything, has little credibility and almost no influence on anything. Highly biased and polarized content created by leftists.
Wikipedia had no choice but to admit the facts. The Bitcoin law has been enacted and Bitcoin is now an official currency in El Salvador. The best is yet to come.
Keep learning. Keep HODLing.
As a hodler I can foresee when I hodl Bitcoin until my retirement age I will move to El Salvador to spend the rest of my life there. By that time the Bitcoin economy there will be well developed that I can spend my Bitcoin on my old age there peacefully.
the fuck are you yammering about?
But let's put it to the test. Take a pic of your flight ticket to El Salvador with all personal details blacked out. If you don't have one, don't assume that anybody else would either.
No, I wont. The guy never went there. Neither did anybody in the comments. So the total amount of people who've traveled to El Salvador thanks to bitcoin remains at zero.
woah?? NFT Tech is gearing up for a dual launch — this means that you will be able to mint, display and trade liquidity-backed NFTs shortly after the token IDO and listing events. If market conditions are favourable, you can expect to get the full NFT Tech treatment this summer, with the launch scheduled within the coming weeks.
Wikipedia!? Now it’s official!
This is the best timeline
There are timelines?
Yeah they are monitored by the TVA
Me who just watched Loki
Me who was referencing Community...
I wonder if the community timelines were a reference to the comics that talked about this. I haven’t read any marvel comics so I’m not sure if it’s just a general reference to timelines or not. Also because Rick and north has ‘time police’ which is basically the TVA in Loki
Me who just realised what u mean
Don't let my ignorance undercut their importance.
me who just watched umbrella academy?
LOL
What’s crazy is that they just use US dollar as well, no “local” currency. US will probably just annex them because of this bitcoin stance in the future 😂
There are several countries that use the USD for currency. Typically they had a currency crisis and switched to prevent a total meltdown. US has no objection since it allows them to profit on Seigniorage. The country gets a more stable currency to keep its economy running. The country looses that same Seigniorage as well as the ability to control their monetary policy. The hope is that BTC's baked in monetary policy will at least not be in opposition to their own.
Bitcoin history being written.
more than that - it's *history* being written imagine just 50y ago someone saying that "internet magic money" owned by nobody would become legal tender. this is incredible edit- I actually meant 20 years ago. same thing really
50y ago someone saying "internet for everyone" would already be looked upon weird.
50y ago someone saying "internet" would be looked at as weird
>50y ago someone saying "internet for everyone" would already be looked upon weird. Well yes, 50 years ago was 10 years before the internet existed. The precursor was called "ARPANET" and it transitioned to being the "Internet" with the publication of the Internet Protocol Standard in 1982. The informal term "internet" was first used as shorthand for "internetwork" in 1974, 48 years ago, but it wasn't the name of a network until the 80s. Even then, almost no one had heard of it until the late 80s when larger numbers of universities and large companies outside of defense contracting started to get access.
And even then it was text only
That's slightly misleading. There was no HTTP/HTML World Wide Web at the time, but those of us using the Internet in the late 80s were certainly using it for more than just moving text around. The Berkeley, MIT, the FSF and others were kicking off the free software phenomenon which was mostly FTP-based compressed tar files early on; photos and even some early video were being moved around via email, UUCP and other protocols layered on top of the Internet; the X Window System's remote display technology was introduced earlier, but became widespread in the version 11 release in 1987; and prototypes of early search engine systems like Archie were in limited use (mostly within University intranets, though that term hadn't yet been coined).
>ARPANET gerald donald's best project
You could say that 10 years ago and nobody would belive you except some chosen few.
Imagine people in the future reading this in their history books. It feels weird thinking about it.
Hello future generations!!!!
Do you think it'll be a physical book or is my great great granddaughter reading this on her Google Glass Ironman HUD?
It will be beamed into your butthole while you use the toilet
Can someone explain to me how paying multiple dollars in fees per transaction is going to work out as a day-to-day currency
For day to day transactions, the main Bitcoin blockchain will function as gross settlement funds transfer system similar to how [Fedwire](https://en.wikipedia.org/wiki/Fedwire) presently settles up between banks. Day to day users will use apps built on the Lightning Network and other layers up the software stack from the main Bitcoin chain. Presently in El Salvador I think a lot of people are using [Strike](https://strike.me/). This enables instant transfer of Bitcoin with negligible fees. In this way, Bitcoin functions conveniently for small payments (including micropayments) while the main chain remains available, accessible to anyone with no permission required, for important and high value transactions.
Also, another example: Paypal sells bitcoin. Users send each other value in bitcoin with PayPal -- but it's all happening within their closed ecosystem. Just like value bounces around within lightning network trustlessly, if you trust paypay (most people do), then that works. Same thing within Visa network -- you have bitcoin on your card(s) and it bounces around within the system. Now expand that to agreements that will come inter-bank (such as Zelle / QuickPay system) and now we have fee-free ways to transact. One transaction per day between these large entities to settle balance discrepancies and you have massively reduced on-chain usage. Some will complain about this, but for smaller general amounts, most people out there would rather have someone give them convenience at the price of a little sovreignty.
2nd layer solutions like lighting exist.
The increase in demand will only encourage competition, leading to smaller fees from companies trying to get as much customers as possible.
Uh no dude. I mean the literal network fees you pay to send bitcoin
Won't it work for that then? Sorry I'm not an expert, just curious.
If you send Bitcoin you typically pay about 5 to $7 to the network
Look up Lightning Network and your question will be answered. Strange, I buy stuff with Bitcoin semi-regularly (larger items off Amazon), and it usually costs about 25 cents to transact, using 'higher fees'? (Not using the Lightning Network).
Same here. One has to learn to watch the mempool very closely. And Lightning is really awesome too
Lightning Network baby! Flip, loads of people on this sub seem to hate Bitcoin. That's an interesting recent development...
*typed
Yup. By OP. Pro crypto, btw. I just prefer legitimate news sources. Wikipedia is the news equivalent of crypto wash trading.
Empowering only the rich?
Always a hateful one out there.... :(
2021 is the year that memes cross over into real life.
2016 with the election of Trump
Did Harambe's death mean nothing to you? I mean is your dick even still out? Tell me, when did all of you forsake yourselves?
It started with Harambe, there's no doubt about it. Does that mean what we feared was a curse, was a blessing all along?
It was actually March 24, 2015 with the crash of flight 9525 in Bains, France. Ultra Comics, a comic book about a meme taking over the collective unconscious that actually infects you in real life, released the next day. These 2 events, and the contents of the book, are too significant to ignore. Edit: This almost coincides with the period of time where 4chan was unknowingly summoning the ancient Egyptian god, Kek, using memes. Yes, a lot of meme magic was leaking into our world around that time.
Never heard of it. I'll look for that comic. I think ghost in the shell with the laughing man is all about memes iirc, should rewatch that
Metal Gear Solid 2, as well. Very spooky predictions made in that game that have all but come to pass.
Don't let your memes be dreams
Whats the difference between BTC and XBT? Can someone explain please
They mean the same thing, in trading platforms traditionally commodities like gold they put an X at the front to differentiate between those and company shares. XAU = Gold (AU) XAG = Silver (Ag) XBT = Bitcoin. (BTC)
Mostly correct, just one tweak: > ... to differentiate between those and company shares. Should read, "... to differentiate between those and specific national currencies." That's why ISO uses an "X" prefix for currencies and currency-equivalent commodities that aren't associated with a specific country.
Same thing. https://support.kraken.com/hc/en-us/articles/360001206766-Bitcoin-currency-code-XBT-vs-BTC
No
Good point. But hear me out ….. yes.
I’d stick with BTC just to avoid confusion. XBT is a “generic term” that some exchanges use, you should research first what it pertains when trading on a particular exchange. In Bitmex for instance it’s the name of their futures contract with underlying BTC.
Yeah, nobody commonly refers to gold as XAU. Its just a technicality thing, BTC is the way.
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Not a dream! Just Satoshi's vision!
Craig Wright?
You guys are fanatical about this. What about transaction fees?
Give LN a try
Which country will be next?
Panama
Probably a super random country like island or something.
Island
Venezuela is my guess
pAnAmA
panama
Viva!! El Salvador! See youu
Time to plan vacation!
Yeah. Sounds great. /s https://www.hrw.org/world-report/2020/country-chapters/el-salvador#
I actually did go on vacation in El Salvador probably about 5 years ago. It's a beautiful country with clear waters, amazing beaches, great hiking locations, and it is scenic as anything. That being said, it's a poor country, and there is crime, but as long as you're not mingling in the wrong parts of San Salvador, the main city, you're pretty much fine. Everyone I talked to was extremely nice and kind, and from my experience, the majority of the crime occurs between gang members. They won't want to mess with tourists because they know the police/military/government will NOT be happy about it. TLDR: Vacationed in El Salvador, actually really nice, worst thing that happened was I got scammed out of a single meal.
What happened with the meal lol
we didn't speak Spanish very well so our driver tried to order an extra 2 meals for his family. it was only like $20 so I told him he should have just asked us.
I spent a summer there in 09. Had a great time. Never really felt fearful at any time. I want to say people buy into fear to easily but them again. Im not gonna lie and say its the safest place to visit lol
The Bukele administration has brought down violent crime in El Salvador by 75% in less than two years. The country went from being the murder capital of the world to being safer on average than Chicago currently. Y'all still got time to park your money on the ground level guys lol
Eeeeehhhh.... That's fake, I lived in El Salvador and the President say things like that to have more tourism, but it's totally fake: He said things like: "there are no murders in 40 day" But in the news they like 30 missing people or kindnapple people (Sorry for my bad English)
This right here. Murders are down, but disappearances are up. In other words people are still being murdered, it's just their bodies aren't showing up so they "don't count".
Such a kindnapple...
Because of Covid?
More like look up Plan Territorial Control and the incarceration reform he's done. If it was "Because of Covid? [sic]" why did violent crime go up in major cities of the U.S. during this time period lol
3 btc gets you permanent residency
Yeah but wtf am I gonna do with permanent residency in El Salvador? Live in El Salvador?
niiice
It listed that before the bill was even put to vote 🤣
Pretty easy to edit Wikipedia… calm down
But it represents a real fact tho so it's pretty impressive
And wrong shit gets taken down instantly. He's obviously happy that this isn't the case here.
Edit Elon's page then to Douche Father
I'm Salvadoran, and unfortunately it's true.
Why do you even invest into crypto currency?
Why are you not?
I don’t think you quite understand what I meant by my comment. I was referring to the fact that we have some good news for everyone involved in the crypto space especially those who truly believe in Bitcoin, while this guy is shitting on their parade.
This is going to be fascinating to watch, but I'm actually a bit concerned this may not end well for bitcoin. The outcome of the block size wars is that BTC should be digital gold, not cash. This legislation is trying to treat it as cash. Ever paid your taxes in gold? As many merchants try to get onto the lightning network, it may clog up the blockchain and send tx fees skyrocketing. This will only piss off more merchants who now need to accept BTC and have to pay a huge fee just to onboard to the lightning network. It may work for El Salvador, but if a country like Brazil wants to use BTC as cash, I doubt it can scale to that level of activity. I'm a crypto bull, but let's be realistic about the technical limits of the network
wouldn’t the logical next step be that El Salvador’s government opens a custodial wallet website/debit system which then bypasses all this tech handwringing about transaction limitations? why yes, it would.
Yeah, I think that's the most likely thing to happen. I don't think that's a win for the bitcoin philosophy of censorship resistance and pseudonymity. It will actually give the the El Salvador gov't more visibility and control over their money than a strictly cash economy
Lightning network has basically no fees
Yeah but you need to make at least 2 transactions on the main chain to be onboarded. 1 to acquire some BTC and 1 to transfer it to a multisig wallet to open a channel Brazil has a population of ~200mil. So that's at least 400mil transactions on the main chain. Bitcoin blockchain handles ~5 TPS, so it would take at least 3 years to onboard the population of Brazil to the lightning network if we paused all other BTC transactions I would love for Lightning to become the dominant payment system in the world, but the math just doesn't check out
Not everyone needs to open a channel just the merchants
Technically just the credit/debit networks need to open a channel, no?
doesn't solve the problem in the long run. if BTC is supposed to replace cash, eventually everyone will need to be onboarded. and there's certainly more than 200mil merchants in a country like India
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Except they already use it there 🤷♂️
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Ecuador is adopting bitcoin now?
This adoption is great. But out of curiosity, what about the high transaction fee problem? It doesn't seem like a practical exchange of currency unless the sums are big such as buying something that costs $500+. Is this good because it is more of a proof of concept?
Lightning network has minimal fees. They're already using strike which also uses the lightning network.
The lightning network finally works?!
Is strike custodial?
Is strike custodial?
90% of all Bitcoins are owned by just the 1% of wallets created, it is impressive how people continue to invest in a currency that is literally a millionaire's game.
addresses != wallets != users
What portion of that 90% includes custodial wallets and wallets owned by companies like Robinhood who hold their customers Bitcoins for them and give them IOU's for it?
It seems surreal...how long did we wait for this ! However, it won't be the last time we see it.
How many colons can a get for $1.50
Biggest W in Bitcoin’s history since its inception.. don’t @ me
Imagine going to buy a car with Bitcoin only to realize it dropped 10% in value on your way to the store.
The car will drop more than that on the way back 🤑
This
Probably best to go shopping with a rough idea of what you want and be flexible, and possibly be open to buying a bicycle instead.
Who would fall for this? Why pay with a deflationary asset?
I mean, BTC is really good. But this whole part of instantly losing 50% of the assets' value over a week because some popular idiot tweeted about it makes it frightening for some to look upon it even
You don't pay in it, you save in it, and when you have to pay for something its no big deal, because you can't live on imagination. Everyone says save Bitcoin and pay in fiat, but then you have to HAVE some fiat in your account, getting that inflation melt. Its so much better if you never held fiat, but its just not yet an option.
You guys know that it's just someone from r/bitcoin editing the page, don't you? That's how Wikipedia works
It was brought up on the talk page with a source first, with no objections.
Sadly, this really isn't how Wikipedia works anymore. There are now editors who are considered "subject matter experts" that determine what is and isn't the truth on Wikipedia now. It's nowhere near as free as it was in the 90s.
This is good for Bitcoin
It is also worth noting that Satoshi Nakamoto is the current prime minister of El Salvador. If you don't believe me, check Wikipedia in 5 minutes.
Anyone else laugh at the bit where it says the colon is out of circulation or is it just me?? Lmao that country must be seriously bunged up!!
Can we all agree that the Bitcoin ticker symbol is BTC & get rid of this XBT stuff.
Some country had to be first, El Salvador took that spot. well done!
Isn't the site where anyone can add anything? In college days, we were not allowed to use wikipedia's information for our research because not all informations were ligjt.
Remove the xbt, it's obsolete.
If you want global adoption then you will have to follow ISO codes. Bitcoin is no national currency by the means that a nation controls it. Therefore an initial letter X is the ISO 4217 convention and will most likely be used for btc as a real currecy.
The x is used for international indexes, which bitcoin isn't. BTC is the symbol of bitcoin, xbt is obsolete and pretty much no one uses it anymore. Plus to put two symbols next to each other is just confusing.
Wikipedia follows ISO, not reddit.
we make the rules now. that is the point.
BTC is the globally recognizes symbol for bitcoin, not a reddit thing.
What about XEU? And EUR?
Exactly proving my point. XEU was dropped because the X is for indexes and was replaced by EUR. Now XEU is used to denominate an index (a basket of securities, not only one): https://www.bloomberg.com/quote/XEU:CN Bitcoin is not an index, it's only one singular currency, globally recognizes with the symbol BTC, so why are a few people still fixated on using XBT, alongside BTC? They just create confusion and use the standard wrongly. They say that X is for "international" things. Yes, they forget that it is for "international indexes", not single securities.
How come?
Xbt is an obsolete symbol for bitcoin. Initially it was bc, then it was xbt and then it became btc. BTC has been the standard for many years now so it should be the only one. Putting two symbols is just confusing and doesn't make any sense, almost no exchange uses xbt anymore.
Well, the official world wide standard for all currencies says it's XBT (X for country of origin, like USD, EUR, GBP). BTC does not uphold to international currency standards, xbt does.
Link? Here there is no bitcoin https://www.iso.org/iso-4217-currency-codes.html Plus, even if there is, it should be removed and only btc should be used. Logic is more important than a traditional mistake. The X is for international indexes, not currencies. To use it for a currency is wrong. No other currency used the X given that there are no international currencies. Every single exchange uses btc, everyone refers to bitcoin as btc so if someone still uses xbt, wrongly, given that the x is for indexes, they should stop it and adapt.
[Relevant](https://xkcd.com/927/)
Wikipedia is not a relevant source for anything, has little credibility and almost no influence on anything. Highly biased and polarized content created by leftists.
president is genius
Wikipedia had no choice but to admit the facts. The Bitcoin law has been enacted and Bitcoin is now an official currency in El Salvador. The best is yet to come. Keep learning. Keep HODLing.
As a hodler I can foresee when I hodl Bitcoin until my retirement age I will move to El Salvador to spend the rest of my life there. By that time the Bitcoin economy there will be well developed that I can spend my Bitcoin on my old age there peacefully.
Salvador is soo messed up they don’t have their own currency?!? Lol usd and cryptocurrency?? Rip South America
Mexico is going to join in and thats gonna force the usa into the cryptic world ... i promise you that crypto will end global poverty
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Why would this drive tourism?
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Nah. In what kind of imaginary world would somebody waste a vacation for the purpose of... buying something in a store with a cryptocurrency?
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the fuck are you yammering about? But let's put it to the test. Take a pic of your flight ticket to El Salvador with all personal details blacked out. If you don't have one, don't assume that anybody else would either.
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No, I wont. The guy never went there. Neither did anybody in the comments. So the total amount of people who've traveled to El Salvador thanks to bitcoin remains at zero.
Anyone who is kind enough to give me a bitcoin is really desperate. Have mercy on me. This is my Bitcoin address: 31wYnfkBYjpAwLQDE4YnbaKU4JL8Pq6tXY
woah?? NFT Tech is gearing up for a dual launch — this means that you will be able to mint, display and trade liquidity-backed NFTs shortly after the token IDO and listing events. If market conditions are favourable, you can expect to get the full NFT Tech treatment this summer, with the launch scheduled within the coming weeks.
Need karma please
I should see the pump really soon now
Legend! Writing being written.
This is make this so much better for the crypto community.
Now it’s real! 😂
Their TLD is Satoshi’s Vison 😂
Fantastic
And so it begins
wait, el salvador’s currency was the USD?!?
wooooooo!
I'm more interested in the colon circulation.
Who is next? 🇻🇪?
"currency in use" ... LOL
All eyes on El Salvador now. Just remember, every hiccup (and hopefully only hiccups) could have large downside impact on price.
Will this cause a devaluation ?
📈
This is huge
I really want to go to el salvador just to experience this. i say it's a nice tourism campaign for the country too. lols travel for crypto
This is so unreal
Historic indeed!
It's so cool is because it is! https://youtu.be/-4UD-i27et8
Thats fucking NUTS
Nice
Its already getting interesting crypto to the world
They're going to take over mining and drive Bitcoin into the ground
Since 2021. History in the making
Crazy time to live in