Tixl Buster

We had very interesting news this week: El Salvador decided to approve the use of BTC as currency in the country. It is a small country but the implications related to this are huge. Right after this announcement, we hear that India is studying the possibility, and Texas (?). Yes, Texas. How practical is this though? What is the reason for El Salvador to do this? They say it is because it will be easier for people who are from El Salvador but live in the US, to transfer money to their families in El Salvador. Is that true? Does that make sense? I'm not so sure. These are the points that made me think about this: What is the cost to transfer money from the US to El Salvador? Will people use in El Salvador actually use BTC to buy stuff? The cost to transfer money Ok. We all know that it is expensive to send money from the US to El Salvador (or anywhere abroad) using the traditional means (banks, wire transfers, even Western Union). If someone sends US$1,000, they could have that turn...

Which do you believe in more: BTC or ETH? A few days ago, a person I follow in Twitter made this question: $ETH has the utility, $BTC is the better known "brand". In which do you believe more? I assume that the reason why he is asking this is because BTC and ETH are the greatest players in the crypto universe as it is and, frankly, I don't believe any other player will steal their places very soon. BTC and ETH are slow and expensive The best way to explain why I say that they are slow and expensive is by writing an example. And I will use the same example another Twitter "friend" wrote: first, assume that Starbucks accepts BTC and/or ETH as payment for their Frappuccino. You have your BTC in your Trust wallet in your cell phone and you walk into Starbucks. You make your order, the cashier asks your name and you transfer the equivalent of US$ 5 in BTC from your cell phone to their system. Here is where things get weird: the cost of the transaction will be US$ 20 ...