El Salvador’s adoption of bitcoin as legal tender is pure folly - short news
Cryptocurrencies are a baffling entity but adopting it as legal tender is the strangest, most worrying aspect of all
El Salvador this month became the first country to adopt a cryptocurrency – in this case, bitcoin – as legal tender. I say the first, because others might follow. But they should think twice, because the idea is highly dubious – and likely to be economically dangerous for developing countries in particular.
I will admit that I don’t understand the need for..
source: The Guardian - 24.09.2021