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El Salvador, The First Domino Of Hyper Bitcoinizationwww.juangalt.com/blog/el-salvador-the-first-domino-of-hyper-bitcoinization/
403 sats \ 2 comments \ @lpop4254 2 Dec 2022 bitcoin
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0 sats \ 0 replies \ @alvaraaltopelti 2 Dec 2022
Realistically, hyper bitcoinization is still far far away. I always thought high inflation would also make bitcoin more attractive, but it’s the opposite at ~10%.
…Maybe if we go full Weimar?
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0 sats \ 0 replies \ @Atreus 2 Dec 2022
Thanks for posting. This part is especially relevant IMO — 
Another member of this group seems to be the big business class. Some exporters of agricultural products were rumored to be afraid of retaliation by the IMF and international banking system, such as sanctions, or limits of money transfers through the banks.
El Salvador's "big business class" has obviously (and often with good intentions) cooperated with international financial institutions. Many of them are also, for lack of a better word, Boomers, who don't understand Bitcoin.
That lack of awareness + their fear of retaliation by the IMF + their fear of economic isolation from the international community + their loss of political influence with the ouster of the two previous political parties (Arena & FMLN, right and left respectively) is fueling a lot of issues.
El Salvador adopted Bitcoin; will Bitcoiners adopt El Salvador's internal drama?
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