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NewsBTC 2021-09-07 01:06:45

Tomorrow, The Community Will Buy $30 In BTC To Support El Salvador’s Bitcoin Law

The day is here. In a few hours, El Salvador’s Bitcoin Law goes into effect. We will have the first real-world example of a whole nation using the hardest money ever created as legal tender. And, how is the Bitcoin community celebrating? Stack sats, obviously. The order is for everyone to buy $30 worth of BTC to commemorate this glorious occasion. Will you participate? Related Reading | The 411 On “Adopting Bitcoin,” A Lightning Network Conference in El Salvador The intention is not to move the dial or pump the price. The amount is small enough to guarantee that, even if the event goes viral. Which it seems like it’s doing. The movement started humbly, with a Reddit post in the /r/Bitcoin community that asked a simple question. So… We all buying $30 worth of Bitcoin on Tuesday? At the time of writing, the idea has 8.9K upvotes and 2.2K commentaries. Among the comments, some went all-in. “I will buy $3000 tuesday to cover 99 others who arent able to pay.” Others explained away, “Its to show solidarity with our Bitcoin compatriots in El Salvador as they fully adopt Bitcoin as their currency.” And other rightfully criticized, “Sure. Lets just coordinate a 100 mil pump of BTC. Correct me if I’m wrong but this sounds greasy.” And, sure enough, the idea to back El Salvador’s Bitcoin Law spread to other social networks. Bitcoin Twitter Will Support El Salvador’s Bitcoin Law The plebs work fast. As soon as the idea transcen...

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