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375 minus like 287 in unrealized gains. My next question is are they still behind once you consider the market value of the ATM and other investments. I doubt
by ty6853 2y ago
375 minus like 287 in unrealized gains. My next question is are they still behind once you consider the market value of the ATM and other investments. I doubt it's a total write off.
- rafram 2y agoWho’s realistically going to buy 400 or so bitcoin ATMs (must pick up in El Salvador)? ATMs aren’t a high-margin business.
- ty6853 2y agoI don't trust El Salvador. I also don't trust the people indicting their policy. I hope to God they have more than 400 ATM to show for 375M. Surely there is more to it.
- rafram 2y agoI was wrong - they actually only have 215 of them: https://cointelegraph.com/news/poland-overtakes-el-salvador-bitcoin-atm-rankings https://cointelegraph.com/news/poland-overtakes-el-salvador-... It was just bad, showboaty policy from a showboaty strongman leader. Why would you give him the benefit of the doubt even now?
- ty6853 2y agoI don't want to give him the benefit but I also question how even a strongman can justify over $1M per ATM. My alarm bells are ringing that I'm missing something.