/biz/ - Business & Finance

>>57490247
>there's a reason why monero is 2 billion and dropping in size despite cybercrime profits trending up.

wait, you're actually using clown market stats as a metric for quality control? Holy shit!

>>57262343
>NGU is an indicator of economic growth.

There are no words.

>>56582270
>Don't hold it as an investment.

As opposed to the highly manipulated pump & dump token?

>>55460331
>>BTC at 150k

>>55368097
>Bitcoiners want to take over state power

kek and the State is just going to roll over and let it happen lmao

>>54448747
>what is this, care to elaborate?

>Chivo Wallet is an electronic LN wallet created by the Government of El Salvador to make payments in dollars or in Bitcoin. The Chivo wallet let people pay in bitcoin or dollars anywhere in the world. Citizens will be able to automatically convert bitcoin transactions into dollars.

------------

Actually, they are not even using lightning wallets. They are using a centralized payment processor that has personal accounts for users, like any other payment app. This centralized processor happens to use lightning wallets in its backend, but there is no 1:1 mapping of payment_account:lightning_wallet. And since Lightning itself doesn't interact with the blockchain except when you open/close payment channels, there is no actual use of bitcoin in the whole scheme. Which is of course to be expected, as the bitcoin network is entirely unable to process the transactions of a small rural town.

Basically, people in El Salvador use a centralized payment app that happens to denominate prices in Bitcoin.

This is what Bitfags tout as "muh state-level adoption."

>>54038123
>XMR has the unique ability to cause chainalysis to brag about non-deterministic tracing with (maybe?) 60% probability (probably entirely through parallel contstruction from KYC'd point of sale)!
>
>Isnt knowing that someone has to show a slide in a presentation saying "We can almost trace this some of the time if the bad guy is sloppy" enough to make you love Monero?

Chainalysis brags, everybody runs for the hills.

>>53913308
>What are you guys gonna do when picrel happens?

>>51599199
>monero is useful but it has zero value,

kek screencapped for posterity