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Yeah, I am not buying it. It was working enough they were forced to step in so other nations wouldn't notice it was working. Not that I am saying crypto is the way to go. It just became a big enough threat to the IMF they bribed an entire country to stop the project.

Also, before anyone bitches about "Crypto is worthless". Are you just mad you didn't buy some when 5 coin cost you $1? The US dollar is basically almost entirely digital already and most world currency's are too. It just so happens that one bitcoin is worth $90k+ at the moment. People decide what something is worth and apparently there are enough people that think BC is worth something to make a single coin cost over $90k. Take that for what you will.

Archive: https://archive.today/fsWHo

From the post:

>IMF gave them 1.4 billion to abandon the “experiment”: The IMF made this a condition for a loan of 1.4 billion US dollars (1.35 billion euros). In December of last year, the IMF reached an agreement with President Nayib Bukele’s government on the loan of the stated amount to strengthen the country’s “fiscal sustainability” and mitigate the “risks associated with Bitcoin,” as it was described.

Yeah, I am not buying it. It was working enough they were forced to step in so other nations wouldn't notice it was working. Not that I am saying crypto is the way to go. It just became a big enough threat to the IMF they bribed an entire country to stop the project. Also, before anyone bitches about "Crypto is worthless". Are you just mad you didn't buy some when 5 coin cost you $1? The US dollar is basically almost entirely digital already and most world currency's are too. It just so happens that one bitcoin is worth $90k+ at the moment. People decide what something is worth and apparently there are enough people that think BC is worth something to make a single coin cost over $90k. Take that for what you will. Archive: https://archive.today/fsWHo From the post: >>IMF gave them 1.4 billion to abandon the “experiment”: > The IMF made this a condition for a loan of 1.4 billion US dollars (1.35 billion euros). In December of last year, the IMF reached an agreement with President Nayib Bukele’s government on the loan of the stated amount to strengthen the country’s “fiscal sustainability” and mitigate the “risks associated with Bitcoin,” as it was described.

(post is archived)

[–] • 1 pt

Read confessions of an economic hit man. Bitcon didn't bring enough investment in and Imf said we have money to enslave you with. Massive investment not possible with bitcon. Dollars, yes. A copper supplier could give fuck all about ur bitcons. An aggregate company cannot buy fuel or equipment with bitcon. So what a bunch of remote tech workers were going to revolutionize a country? Shit comes down to basics, you can't mine bitcon until you literally mine a quarry. That's not the same as ordering a bunch of shit online. That's real energy intensive work. Real work doesn't want your fake money. Bitcon is faker money than the dollar because when a country uses the dollar, they get the backing of US economy. Has nothing to do with fighting the power with bitcon. Had they done a gold backed currency, they'd have killed him like every single leader that has tried it before because that's the real threat.