Furthermore "Blockstream first proposed the volcano bonds ... issued as tokenized securities on Blockstream's proprietary Liquid blockchain. Samson Mow of Block

Furthermore "Blockstream first proposed the volcano bonds ... issued as tokenized securities on Blockstream's proprietary Liquid blockchain. Samson Mow of Blockstream assured Bloomberg that all the numbers would work out, under Mow's rosy assumption that the price of one Bitcoin would hit $1 million within five years ... The bonds are set to be issued via Bitfinex Securities, a new unit of iFinex, which runs the Bitfinex cryptocurrency exchange and the Tether stablecoin". The thing is, when Bitcoin City fails, it won't make cryptocurrency advocates question their assumptions (like basing your planning on your ROI being 2000%, or that it is perfectly fine to entrust the running of major components vital to its success to convicted fraudsters), it'll make them feel more victimised by the "global elite" conspiracy theories and more aggressive in pursuing future schemes, as happened with the The Crypto-Currency Seasteaders (https://news.ycombinator.com/item?id=28441794 https://news.ycombinator.com/item?id=28441794). Can't see how this can end well for the people of El Salvador, and there do seem to be some parallels with Albania in 1997.