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> El Salvador will revert to using whatever worthless currency they had before Bitcoin. Um, the US dollar? (Not that I in any way shape or form support crypto
by throw__away7391 4y ago
> El Salvador will revert to using whatever worthless currency they had before Bitcoin.
Um, the US dollar? (Not that I in any way shape or form support crypto just to be clear)
- pcthrowaway 4y agoYeah, this line specifically made me really question how much thought the author put into this. Even just the assumption that "whatever else they were using is also worthless" says a lot about their willingness to jump to conclusions
- thesausageking 4y agoYeh, that stood out to me too. If the author doesn't know that El Salvador uses the dollar and is embracing Bitcoin partly to decouple their economy from USD, then I question everything he says. One thesis for Bitcoin is that the global economy is transitioning away from the petrodollar system and Bitcoin may play a part in the reserve currencies that replace it. El Salvador just hosted a summit with 44 countries to discuss adopting Bitcoin as legal tender and moving to a new reserve system.
- throw__away7391 4y ago> decouple their economy from USD You misspelled "attempt to cash grab by capitalizing on a silly trend"
- samatman 4y agoNothing like taking a drive-by shit on developing countries to convince me of what a nice guy the author is.