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> What I'm I missing? One of the topics that hasn't been talked about here and is mentioned by the article is how the Salvadoran government detained one of El
by el-salvador 4y ago
> What I'm I missing?
One of the topics that hasn't been talked about here and is mentioned by the article is how the Salvadoran government detained one of El Salvador's most known developers for openly talking about bitcoin before the adoption.
> loss is small relative to the country's balance sheet
The bigger question is, in which of El Salvador's government institution's balance sheet are those bitcoin accounted for?
I mean, from government announcements we know that there is a company that runs the state wallet that also runs a subsidized pet hospital using bitcoin profits.
But we no longer have any way to ask about that kind of stuff, because the well-functioning FOIA equivalent we had in El Salvador no longer works as it did before.
Did I mention that the Congress' president actually told journalists to run away an ask asylum in other countries because they were unwanted in El Salvador? While presiding congress, live on our CSPAN equivalent.
https://twitter.com/CronistaOscar/status/1516602424672280579 https://twitter.com/CronistaOscar/status/1516602424672280579
> But even if it goes to zero the country will be fine.
El Salvador had never had an unstable currency in its history. I mean we never were Argentina/Colombia/Venezuela or other Latin American countries where exchange rates look like a roller coaster. Never before in history we had had a local currency losing 50% of its value in months. For many, that sharp drop in value was a first time experience.