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Bitcoin: El Salvador plans to make cryptocurrency legal tender

18 pointsby throwmemoneyalmost 4 years ago

2 comments

greyface-almost 4 years ago
Previous discussion: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=27408683" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=27408683</a>
jasonlaramburualmost 4 years ago
A single BTC transaction (on-chain) costs $5.56 in fees today. Minimum wage in El Salvador is around $300&#x2F;month. How will people in-country afford this? Even the lightning network requires paying for periodic on-chain transactions.
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