>>142450

Sorry, but that's what El Salvador did - they called it Legal Tender, so they created a law that said if you sell bitcoins, you dont have to pay capital gains tax on it. You dont need bitcoin to have intrinsic value, and it dont matter if its being manipulated like fiat. It just means what it says, you dont pay capital gains tax on selling bitcoin.

I'm sorry if you dont like it, but it literally is cheaper for them to send to El Salvador bitcoins and get it converted to USD than for them to send USD. You want to pay $20 to transfer your money, or you want to pay $1 to transfer? $19 is a lot for them.

>>142445 bitcoin will win over currencies. Think of the mathematics - currencies are being printed into infinity vs something that's fixed supply. Missing coins is irrelevant, max supply is still 21 million. Coins comes and goes, but max supply is fixed 21 million vs infinite currency printing. Chart always go up because of mathematics - you have fixed supply of bitcoin, vs infinity supply of printed currency.

Also, people dont understand you dont need money to be backed up by anything. Look into the history, people have used shells as money.

If you want to feel better, it costs about 18k of electricity to mine 1 bitcoin ... feel better? You wont see miners selling bitcoin below their cost of production, or else they make a loss and go out of business.

Bitcoin is not for everyone, wealthy people are happy continuing their ways. Its the poor that gets hurts the most, and those that are being targeted by banks or their governments. Remember El Salvador has lots of their people with no bank accounts. Now they can save bitcoin and exchange it for dollars, which is like a bank account.