El Salvadorians: Next Crypto Scam Victims?

[ANewBeginning]

I don't like to spread fud or anything, but just thinking about the poor conditions of the country, a lot of people don't know about bitcoin, and unless the gov spends money educating its population about crypto, I think we might see tons of scams :/

 

[alurosu]

Any new tech will be used for both good and bad things. You can compare it to nuclear or the internet. There will always be bombs and online scammers, but the benefits outweighs the bad.

 

[grandkai]

Any new tech will be used for both good and bad things. You can compare it to nuclear or the internet. There will always be bombs and online scammers, but the benefits outweighs the bad.

they should but we'll see. It depends a lot upon crypto education.

Also am not sure how will the people deal with crypto volatility in their daily lives.

 

[alurosu]

they should but we'll see. It depends a lot upon crypto education.

Also am not sure how will the people deal with crypto volatility in their daily lives.

Keep in mind that people will use blockchains without even knowing. It will be implemented in the backend. It's just like everyone uses the cloud. If you ask a normal person he will never know.

 

[grandkai]

Keep in mind that people will use blockchains without even knowing. It will be implemented in the backend. It's just like everyone uses the cloud. If you ask a normal person he will never know.

true. I wonder why can't they use stablecoins though. Best of both worlds right and exactly what they need. Stability

 

[alurosu]

true. I wonder why can't they use stablecoins though. Best of both worlds right and exactly what they need. Stability

I'm assuming because every "stable" currency on the planet was inflated due to the covid crisis. We're just starting to see how everything got more expensive in the past year. I think it's just the beginning. The money printing with no backup and product shortages due to lockdowns are just starting to have visible effects.

 

[shanna_doll]

I'm assuming because every "stable" currency on the planet was inflated due to the covid crisis. We're just starting to see how everything got more expensive in the past year. I think it's just the beginning. The money printing with no backup and product shortages due to lockdowns are just starting to have visible effects.

You are right, Tether is printed hard, thus inflated the shitcoins, that are not worth anything, outside these scamming exchanges.

 

[alurosu]

You are right, Tether is printed hard, thus inflated the shitcoins, that are not worth anything, outside these scamming exchanges.

I was talking about real USDs, not tether. Search on Google about US stimulus or the Recovery plan for Europe.

 

[shanna_doll]

I was talking about real USDs, not tether. Search on Google about US stimulus or the Recovery plan for Europe.

I know. You are saying that everything got more expensive because of US stimulus. Bitcoin also got more expensive because of unlimited Tether printing. Balloon...

 

[Nikolaos]

Any new tech will be used for both good and bad things. You can compare it to nuclear or the internet. There will always be bombs and online scammers, but the benefits outweighs the bad.

Best answer here. Yes I think so too technology can be used for good and bad alike.