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See how well that went for El Salvador: https://www.nber.org/papers/w29968 https://www.nber.org/papers/w29968 (not well)
by VHRanger 5y ago
See how well that went for El Salvador:
https://www.nber.org/papers/w29968 https://www.nber.org/papers/w29968
(not well)
- 2pEXgD0fZ5cF 5y agoBut it made a chosen few people richer, what more could you possibly want?
- VHRanger 5y agoIDK maybe paying government workers, but I guess that's really just icing on the cake
- imapeopleperson 5y agoObv way too early to make any conclusions. Reminds me of people saying Bitcoin failed as an inflation hedge over the past 1-2 years while ignoring the success of the hedge over a 10 year period.
- VHRanger 5y agoYou have no idea what the word "hedge" means do you
- bannedbybros 5y agoWent? It's a 6 month old project. It hasn't even started. Does ycomb actually think these nations would be better off with colonial currencies that have maintained poverty and exploitation for centuries? Probably yes.
- Fidelix 5y agoNot true. I read the report and it is going well - extremely well for a period this short. Unless your definition of "well" is that everyone would just up and stop using fiat overnight.