4 ms·
Hardly surprising. Regardless of the future of bitcoin, I do wonder if this move will serve to accelerate the country's move towards more technological and dig
by anonporridge 5y ago
Hardly surprising.
Regardless of the future of bitcoin, I do wonder if this move will serve to accelerate the country's move towards more technological and digital literacy. For a place that's probably still pretty heavy on physical cash, this could be a net positive for them in the long term even if bitcoin as a currency doesn't work out.
- R0b0t1 5y agoMay draw lots of money if it is easy to exchange USD for BTC.
- colechristensen 5y agoIs it not easy to do this in the US with several popular legal local exchanges?
- fleddr 5y agoThere's a chance. If you consider that society is largely digital and increasingly remote, it stands to reason that theoretically a new mini Silicon Valley can be founded anywhere. El Salvador already offers permanent residency if you have a few BTC in capital. And they're going to start mining using excess volcano energy. We truly live in odd times. Imagine that it works. A tech society evolving in the jungle. The feeling of being part of a rapidly developing society, rather than one stagnating or in decline. And next, every neighboring country watching carefully. Which they already do. Because they're all tired of being a 2nd class America. On Twitter, the president of El Salvador dissed the IMF's concerns as if an immature crypto bro. I love it. It's a thing of beauty.
- anonporridge 5y ago> 2nd class America You mean vassals of the American Empire, paying tribute in the form of currency debasement that only benefits citizens of the empire at the expense of your own citizens?
- fleddr 5y agoYep, that's another way to put it.