[Dismas]

The idea that businesses will be forced to accept the coins seems kind of outrageous to me, especially considering the state of the country I doubt many people are in a position to accept the coin and also just bite the bullet on the exchange rate every day. The remittance part will be nice for everyday workers abroad sending money home as it will be far faster though, especially considering it accounts for 25% of their GDP which is insane.

Seems to me though the key reason that this is being passed into law is more than likely the tid-bit where any crypto gains are exempt from capital gains taxes. I'm assuming a lot of the rich El Salvadorians are going to be milking crypto as their new tax haven/money laundering scheme that in some years goes +2000% while many citizens simply won't even have access to a wallet, further driving them into poverty. I suppose we'll see though.

That was my primary thought. When the minimum wage there is ~$300 a month, there's no way the average person can afford fees on transactions. In addition, fluctuation of value will hurt businesses if they aren't swift at exchanging. BTC's biggest flaw will always be scalability.

Interesting to note, but the fee required for quick confirmation is much lower than it was at the time of this post.