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If you look through the technical details this proposal, it 100% allows for money printing. El Salvador isn't actually giving people Bitcoin. It's giving peopl
by lalaland1125 5y ago
If you look through the technical details this proposal, it 100% allows for money printing.
El Salvador isn't actually giving people Bitcoin. It's giving people records in an SQL database that supposedly correspond to Bitcoin in a government wallet.
The government can just edit that SQL database to print money.
- chucknthem 5y agoAnd become insolvent in a bank run?