You've hit the nail on the head. I've a load of washing to put on and my place needs a good sweep not to mention the bins need emptying (their contents have more intrisic value than a bitcoin). Have a great weekend. It's been fun debating with you and I admire you for sticking to your beliefs despite the vast array of evidence and sensible opinion to the contrary.
It says on the McDonald's screen "USD=$2.75". Can you explain? What is the unit of account?; there can only be one price else you have sillyness picking the best one to use? There could be many reasons in Bukele land for faux btc transactions. I refuse to believe that there is a constituency for whom btc is the most convenient.
This is pure wrong as any Nobel Laureate will tell you. Fiat is a legal entitlement to buy goods and services at a price level which the government undertakes to manage. Of course, that is only as good as that undertaking. There is absolutely no underpinning of btc which you yourself concede has a non-negligible chance of going to zero.
Yeah we should all pitch in here and help out. I'd say your priority list is as follows:
Delighted to help you with your faux-confusion. El Salvador has two official forms of legal tender - USD and BTC. As has been pointed out to you multiple times down through the years, unit of account is a nothing burger. Pull up any decent wallet app and its displaying the conversion in an instant. That's not a thing as much as you want to make it one Duke.
I mean anything is possible in terms of Fax Machine Guy and his ilk. That said, I don't think anyone here (or your proxy vote crew either for that matter) disputed the fact that fiat currency has zero intrinsic value. There seems to have been a deterioration in your condition there Duke. I'd get that seen to if I were you.
You've clearly never refueled in a border town.
I have, plenty of times in Newry. They price in sterling but accepted punts, at a rip off rate. People would transact in punts to avoid the hassle or costs of the moneychangers. This is completely different from buying your Big Mac with your phone and being giving a choice of different prices in different currencies. El Salvadorians in a McD Q looking up the latest rate - I don't think so.
That's what I meant by what is their unit of account, what are they actually pricing in? If it is btc that the locals see as their unit of account then I am impressed, but I very much doubt it.If you'd refuelled on the other side of the border, you would encounter filling stations with digital signs and pumps in GBP and EUR, with payment systems capable of accepting either, leaving the customer to decide which gives them better value.I have, plenty of times in Newry. They price in sterling but accepted punts, at a rip off rate. People would transact in punts to avoid the hassle or costs of the moneychangers. This is completely different from buying your Big Mac with your phone and being giving a choice of different prices in different currencies. El Salvadorians in a McD Q looking up the latest rate - I don't think so.
I never ever saw that happen and I commuted between Belfast and Dublin every week. Typically the sign said "we accept € at 85p". They were pricing in their unit of account £. The € rate was usually a rip off but if you only had € cash you had no choice. I asked @tecate what is El Sal McD's unit of account and he has a knee jerk reaction that I am blaspheming the cult. Are McD staff contracted on a btc rate?
Hear hear, it's downright maddening. But fear not. Bob will put manners on these corrupt latins.
Thanks for the link. As usual some gems.
Silly me. Of course McD were not massaging the dozen or so cultists in El Sal. They were ordered to do it. And this is a headline breakthrough on the cultists' social platforms. Go figure!
Does the cult have any qualms about what it they are inflicting on one of the poorest countries in the World? Not at all. At a Miami cult-in they feted Bukele as a messiah and he wallowed in it even though most of the audience probably shared the Donald's view that El Sal is a sh1thole.Wiki said:
Incorrect.
"Research"? "Research" has just filed a barring order to prevent your misuse of the word.
This was from a cultist piece of propaganda dismissing any doubts about the success of Bukele's experiment.
You seem to be a tad confused on this topic. Let me clarify it for you.
Ok, I suppose I see the point. I myself have never criticised btc on account of its sleazy clientele nor for its high electricity bills.
Bob is as sleazy as they come. Bob enables his sleaziness via gold and cash.
