Thoughts about El Salvador making Bitcoin the national currency?

Do you think it's going to work out? Or is it just going to be a huge disaster? Already looks like they are going to have an issue creating the new bitcoin infrastructure as the World Bank has refused to help them transition. https://www.msn.com/en-us/money/tec...onmental-and-transparency-concerns/ar-AAL9KGo

 

this sounds
1. bad
2. not good
but it's worth trying and it's not like anyone here can stop it, what do we know it might actuallly somehow work

 

Yeah I feel with the volatility of the crypto market the fluctuating prices will make it unusable for a normal merchant. I mean the whole point of having a national currency is to make sure that it's value pretty much stays the same. I heard though that they will still accept payment in the previous currencies, USD, and they set up a fund to help merchants with the transition. Also, if you invest 3 bitcoins into El Salvador, you can get permanent residency.

 

Bitcoin just feels like a scam to me , I get the feeling i am going to turn on the tv and see the FBI raiding there headquaters and it being delisted from the market. Gold Silver are better standards for the markets

 

I just dont get crypto curencey it just seems like a scam kind of like the people at the top get all the money and the rest are left holding the bag

 

That is odd