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El Salvador already uses the US dollar, but it has no control over what the US does to its money supply.
by schemescape 4y ago
El Salvador already uses the US dollar, but it has no control over what the US does to its money supply.
- altarius 4y agoCorrect, but historically the price had been stable and predictable. Imo you're just trading "beholden to the usgovt" with "beholden to miners, whales and wall street" plus wild price swings. Former or latter may be preferable for certain reasons, but for fiscal stability or day-to-day use the choice seems obvious to me.
- dragontamer 4y agoI'm pretty sure that if the US Government wanted to be a BTC whale to mess up El Salvador, we would be able to do so and barely break a sweat. The price of BTC, even today, seems very easy to manipulate.