On: El Salvador expected to default as Bitcoin plummet...

[onlyrealcuzzo]

BTC lost >50% of it's value from it's peak not too long ago.

In what world are transaction fees >50%?

[bluescrn → onlyrealcuzzo]

It's fluctuated ridiculously over the last 18 months.

But if you bought before about Nov 2020, you've still at least doubled your money.

[kasey_junk → bluescrn]

That’s not helpful for the remittance use case.

[pessimizer → kasey_junk]

That's just your privilege talking. If you were a poor El Salvadoran, you'd be thankful to the tech gods to wait a year for your bitcoin purchase to recover its value in order to dodge an $8 Western Union fee (and pay a bitcoin transaction fee.)

[onlyrealcuzzo → kasey_junk]

Also EXTEMELY unfavorable when you can be margin called.