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I find crypto and blockchain 'interesting' technologies. > The truth is that its impossible to know how El Salvador's bitcoin gamble will ultimately play out.
by el-salvador 5y ago
I find crypto and blockchain 'interesting' technologies.
> The truth is that its impossible to know how El Salvador's bitcoin gamble will ultimately play out.
But those are my taxes being gambled,
> most of the criticism being leveled at El Salvador right due to the pre-existing bias that many have against Bitcoin and crypto
So as a Salvadoran myself, I would like to see more transparency on this project.
A simple dashboard, like the one from Norway's oil fund homepage could help.
https://www.nbim.no/ https://www.nbim.no/
- londons_explore 5y agoThe gamble isn't just for the value of the currency... By putting some effort to displacing the US dollar, El Salvador gains negotiating power with the USA. The USA might provide incentives to end the bitcoin project all together, or some kind of anti-inflation guarantee to persuade El Salvador to hold dollars. That extra power is what makes this a good gamble. It's a thing that you and I don't get on top of what a regular investor wins or loses.
- deleted 5y ago[deleted]
- StanislavPetrov 5y ago>But those are my taxes being gambled, If you know of a country where the government doesn't gamble its resident's taxes on risky schemes, or (even worse) just flat out waste billions bombing and invading countries on the other side of the world like mine does, please let me know so I can make my visa application! >So as a Salvadoran myself, I would like to see more transparency on this project. Couldn't agree more! More government transparency is always good, in every case, in every country, on every issue. It is far too lacking.