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For perspective, the previous president of El Salvador is in exile for his alleged role in the embezzlement of $300+ million. https://apnews.com/article/caribb

For perspective, the previous president of El Salvador is in exile for his alleged role in the embezzlement of $300+ million. https://apnews.com/article/caribbean-el-salvador-a08341e381055b2602fe1b335c1ff706 https://apnews.com/article/caribbean-el-salvador-a08341e3810... A 2% speculative investment in an emerging technology is a drop in the bucket compared to what El Salvador has been through in the past 30 years, with multiple past presidents arrested or fleeing the country following corruption charges. By multiple verifiable metrics(homicide rate, covid response, gdp growth) El Salvador is in a far better place now than it's been in decades.

arinlen 4y ago
> A 2% speculative investment in an emerging technology is a drop in the bucket compared to what El Salvador has been through in the past 30 years, with multiple past presidents arrested or fleeing the country following corruption charges. That's an extremely generous and charitable interpretation. El Salvador's investment in btc is hardly relevant with regards to it's nominal cost. It is however significant in the impact it has on El Salvador being able to refinance it's sovereign debt and earn trust in the country's institutions. Trying to argue that today's sad state of affairs is not that bad because some point in the past the state of affairs was also sad is not a path forward.
el-salvador 4y ago
> For perspective, the previous president of El Salvador is in exile for his alleged role in the embezzlement of $300+ million. All of those cases were discovered and judged thanks to: a) The separation of the Executive/Legislative/Judicial powers b) The Public Access Information Law. c) The help of independent journalism I don't agree with removing the checks and balances that helped discovered these cases in the first place. The first two a) and b) have been dismantled by the current administration in the past year. The third, c), independent journalism, is constantly under attack from government and allied media outlets and influencers. Just a couple of weeks ago, the Head of Congress told the independent press "to go away". This happened live, on the podium, while presiding a session. Quoting what the Head of Congress said: "Ask for asylum. Get asylum and go way Go away. You don't contribute anything here.... We don't need you. Go away. " Video: https://twitter.com/CronistaOscar/status/1516602424672280579 https://twitter.com/CronistaOscar/status/1516602424672280579 This was around about the same time when congress approved a law that punishes (with prison) certain kinds of reporting about gangs.
el-salvador 4y ago
> El Salvador is in a far better place now than it's been in decades. Literally, like just two hours ago, we lost Visa Free Travel to the UK, due to a 17x fold increase in asylum requests in 2021 [1] Is this a sign of the country being in a better place? [1] https://twitter.com/UKinElSalvador/status/1524409936775634944 https://twitter.com/UKinElSalvador/status/152440993677563494...

arinlen 4y ago

> A 2% speculative investment in an emerging technology is a drop in the bucket compared to what El Salvador has been through in the past 30 years, with multiple past presidents arrested or fleeing the country following corruption charges. That's an extremely generous and charitable interpretation. El Salvador's investment in btc is hardly relevant with regards to it's nominal cost. It is however significant in the impact it has on El Salvador being able to refinance it's sovereign debt and earn trust in the country's institutions. Trying to argue that today's sad state of affairs is not that bad because some point in the past the state of affairs was also sad is not a path forward.

el-salvador 4y ago

> For perspective, the previous president of El Salvador is in exile for his alleged role in the embezzlement of $300+ million. All of those cases were discovered and judged thanks to: a) The separation of the Executive/Legislative/Judicial powers b) The Public Access Information Law. c) The help of independent journalism I don't agree with removing the checks and balances that helped discovered these cases in the first place. The first two a) and b) have been dismantled by the current administration in the past year. The third, c), independent journalism, is constantly under attack from government and allied media outlets and influencers. Just a couple of weeks ago, the Head of Congress told the independent press "to go away". This happened live, on the podium, while presiding a session. Quoting what the Head of Congress said: "Ask for asylum. Get asylum and go way Go away. You don't contribute anything here.... We don't need you. Go away. " Video: https://twitter.com/CronistaOscar/status/1516602424672280579 https://twitter.com/CronistaOscar/status/1516602424672280579 This was around about the same time when congress approved a law that punishes (with prison) certain kinds of reporting about gangs.

el-salvador 4y ago

> El Salvador is in a far better place now than it's been in decades. Literally, like just two hours ago, we lost Visa Free Travel to the UK, due to a 17x fold increase in asylum requests in 2021 [1] Is this a sign of the country being in a better place? [1] https://twitter.com/UKinElSalvador/status/1524409936775634944 https://twitter.com/UKinElSalvador/status/152440993677563494...