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Ecuador residents and citizens
 

Halloween comes early for them!
Will that free US$30 they receive from the government offset their loss??

Re: Ecuador residents and citizens
 

Maybe give us a bit more info to make sense of the post.

Re: Ecuador residents and citizens
 

On a sidenote, Ecuador was a nice country to visit - recommended

Re: Ecuador residents and citizens
 

WTF are you talking about, agent?

Our own government has been handing out free money like it's candy for 2yrs now.

Re: Ecuador residents and citizens
 

sORRY,IT IS EL SALVADOR NOT ECUADOr.

Re: Ecuador residents and citizens
 

That's much clearer :) El Salvador made bitcoin an acceptable recognized tender recently

Re: Ecuador residents and citizens
 

More info needed.

Re: Ecuador residents and citizens
 

:doh:
:doh:
:doh:

Re: Ecuador residents and citizens
 

I wonder how the retail shops like accepting bitcoins?
Do the whoelesalers/manufacturers accept bitcoins?

Re: Ecuador residents and citizens
 

Apparently if they have the technological capacity to accept it they must since BTC is now legal tender.
Problem with mass adoption on every level would be the fact that according to a recent survey 54% of the population there is not familiar with Bitcoin...

Re: Ecuador residents and citizens
 

The fees are outrageous so they're probably not liking it very much. BTC mining fees are so high now that BTC isn't practical for anything other than 4 digit or higher transactions. Litecoin is much faster, cheaper, scalable, etc. .onion's switched from BTC being the primary currency to LTC or XMR about a year ago due to exorbitant BTC mining fees. :noidea:
Seems this country jumped the gun and adopted crypto as an option before it was ready.

Re: Ecuador residents and citizens
 

Pretty sure the local rich enjoy it as a Store Of Value. Highly doubt anyone is buying coffee with it. When average people see what that 30$ turns into over the next few months im pretty sure they too will understand store of value no matter IQ. Everyone understands and gets dopamine release from Number Go Up. Its called game throry.

Re: Ecuador residents and citizens
 

I think they're on the lightning network

No fees bruh :clap:

Re: Ecuador residents and citizens
 

When Bitcoin dropped to $41K,El Salvador government picked up some.

Re: Ecuador residents and citizens
 

The amount theyre picking up is negligible...