Boy, I chose the wrong week to stop sniffing glue go on vacation. I’ve been visiting family since last Tuesday. As joyful as that vaxxed-up post-COVID reunion has been, I sure wish it hadn’t overlapped with the most significant single development in the history of cryptocurrency so far: the adoption of bitcoin as legal tender in El Salvador. Plenty of naysayers have worked to pick apart the move since its announcement and implementation over the past week, and there are certainly many unknowns. Those include the basic logistical challenge posed by exchange rates and bitcoin’s slow and expensive on-chain transactions, ... (full story)