Understand the implications of Bitcoin's downfall in El Salvador. Learn about the failed economic bet and its impact on the country's financial stability.
  • Evotech@lemmy.world
    48·
    2 months ago

    That’s the same way as the economic system works though

    Each bank and creditor keeps track of if what they owe each other and then they settle the balancebetween them periodically (depends on the country)

    If assume you could do something similar with bitcoin, but you would need an overlay