I came across this document and thought that would be useful to share it: https://www.nber.org/system/files/working_papers/w29968/w29968.pdf The source is this article in Portuguese: https://livecoins.com.br/apesar-de-...bitcoin-nao-e-nada-popular-por-la-diz-estudo/ Hopefully your web browser can translate it properly.
Take it easy Johnny, you were doing ok for a while. You are showing yourself too much, keep it together. You are a reference for the ET Bitcoin community. Don't let them down,
Oh angrytrader, you poor, poor boy.... how much did you lose today on your trades?? I feel happy for your loss, BWAHAHAHAHAHAH, sike!! futures are up today, maybe tomorrow you can save some of that margin call ---------------------------------- One thing you will never understand poor boy loser trader angrytrader, is that Bitcoin does not care about a person or anon posters on any forum. It's just software running on a decentralized network I'm a nobody to Bitcoin
I know you don't like the document I sent but we need to share proper documentation that could challenge cryptoboys' narrative, otherwise this forum would be a propaganda chamber. I am just trying to help. I can see that you don't have anything to reply with and keep telling me that I lose money, like if that was true and I care at all. Don't you think that if I was in trouble financially I would be doing something different than replying to your shitty messages? That should give you a hint
I am not serious, I am having a nice breakfast by the sea in the south of Spain, my dear, not serious at all.
Thanks for sharing this! I have a longer flight later today so I'll give this a read then. Always interested in a contrary opinion/papers, I just don't like brazingly untrue claims (such as bitcoin takes days to settle ) If you read the paper, what is your main takeaways? Reading the conclusion, it seems most takeaway is that the adoption in El Salvator has been slow in this author's opinion. I'll read the whole paper, but ill add this only started in September so it's only been 8 months. Anyway thanks for sharing.
No problem, the study is actually pretty good because it points the fact that most people in El Salvador don't normally use a bank account, so for them using Bitcoin is something completely foreign. The government is offering an application to use Bitcoins as a currency and almost no one use it. Mainly because they are so used to pay in cash (dollars) that they don't even care about it. Chivo is the official app to exchange and use Bitcoins. When I saw it in the first place it triggered all my alarms, why would you use a third-party application to exchange Bitcoins when you can use your own wallet? In my opinion this is an attempt to control the coin in that country in a very dodgy way. It goes right against the main point of using Bitcoin as an alternative to the current banking system. Still Bitcoiners see El Salvador as an example of success and they don't see the attempts of a government to control it. If I was a Bitcoin acolyte I would hate the way is being done in El Salvador. If I saw a government letting people to use a wallet address to pay in Bitcoins then I would start to believe that they actually want to use the network in the country, but these attempts with "Chivo", they don't make sense to me.