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Sounds like it's game over for El Presidente soon - technology aside, the entire strategy is sketchy as hell, to my knowledge. Everything around Chivo appears
by vr46 5y ago
Sounds like it's game over for El Presidente soon - technology aside, the entire strategy is sketchy as hell, to my knowledge.
Everything around Chivo appears to be classified, including who holds the Bitcoin. Nobody in financial regulation or central banking is prepared to talk about it - why?
I have spent only a little time there, I drove across it twice, and it's staggeringly beautiful, but my key takeaway was that the country has very strong reasons to not trust their government. The current leader has been demonstrating all the classic power moves of a dictator and "creating a volcano-powered Bitcoin city" is one hell of a dead cat story.