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>> If your country is broke, gambling away money on crypto is far from "100% right". > I can understand the opposite viewpoint, but to me taking some risky bet
by el-salvador 4y ago
>> If your country is broke, gambling away money on crypto is far from "100% right".
> I can understand the opposite viewpoint, but to me taking some risky bets makes perfect sense when you're already poor and in a bad position for any kind of realistic improvement in any reasonable timeframe.
Taking risky bets would be OK, but very few public information is avaialble. If we had a dashboard that showed the results of the bet, Like what the Norway Investment Fund does, then it would be more transparent (https://www.nbim.no/ https://www.nbim.no/)
> > There are many different ways besides crypto that El Salvador could attempt to improve their economy.
> Of course. And as far as I know they are doing some of those things: particularly working on the crime and corruption part of it.
They may say they are doing that, but in practice, they have hindered the tools citizens had to oversee government spending. Like some government purchases no longer going via the public tender law, or limiting the public information access law, and the head of congress "inviting" local investigative journalists to leave El Salvador and ask asylum in other countries.
- logicalmonster 4y ago> If we had a dashboard that showed the results of the bet, If it doesn't exist, why not be the guy to put together a website tracking that investment? Isn't the actual wallet address out there? Or hasn't somebody at least put together their reported cost basis so you could track it fairly accurately?