Wikimedia Foundation volunteers vote against accepting crypto donations – IT Pro – News

Sorry for not responding to the first part. That was the crux of my post.

Yeah duh, but you can’t reach it. Yes I know about hardware tokens. but somewhere it has to go back into the “chain”. crypto is inherently a digital thing. Without the infrastructure it is nothing.

That is true, although I think you can ask yourself in 2022 whether a prolonged downtime of the internet is realistic, let alone in the future. A short-term downtime should certainly not be a problem.

Gold is legal tender. The baker can accept it. You completely missed the point. What if he can’t accept it.

That is very short sighted. We have various forms of gold, including investment gold. In addition, basically everything that is exchangeable is a means of payment, including crypto.
In 1933 under Executive Order 6102 it was also forbidden to own gold in the United States, and people were obliged to surrender gold. Due to a political decision, it was also not allowed by law to accept gold as a means of payment.

What do you think, was gold worthless in those days? Didn’t you have any gold then?

Sure, went “excellent” in Venezuela. If a country no longer has its own money, you have to ask yourself what else is going on. And when countries accept borrowing nobody is with such huge fluctuations in value as a crypto currency. Countries lend internationally and long term.

Venezuela does not recognize Bitcoin as a legal tender, that is El Salvador. That remains a strange country, where there is indeed more going on. At the same time, it is impossible to say that Bitcoin has gone worse there.
Furthermore, recognizing it as a legal tender is quite different from converting your state treasury into a fluctuating crypto. The only way to slow acceptance is to accept those fluctuations at all; over time, they naturally decrease in size until stability is found. If you look at percentage changes within a week or month since the first halving, that’s exactly right.

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