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This is moot for El Salvador. They’ve been dollarized since 2001 and USD is effectively the only legal tender.
by varenc 2y ago
This is moot for El Salvador. They’ve been dollarized since 2001 and USD is effectively the only legal tender.
- mikepurvis 2y agoThat is helpful context— it's too bad TFA wasn't a bit more clear on the history. In any event, you could still make the case that prior to this bitcoin experiment, the people and economy of El Salvador still were benefiting from a human hand on the monetary tiller, it's just it was that of the US Fed rather than their own officials (elected or otherwise).