30 sats \ 3 replies \ @DarthCoin 16 May 2022 \ on: President Nayib Bukele Announces 44 Countries To Meet In El Salvador To Discuss Bitcoin | Bitcoin Magazine bitcoin
Why I have the feeling that this will end in launching a bank-shitcoin? I really hope I am wrong this time...
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20 sats \ 2 replies \ @EnormousPony 17 May 2022
I've stated something similar in another thread without much traction or response to it. Again why are we praising central bankers now?
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40 sats \ 1 reply \ @DarthCoin 17 May 2022
Could be more like a "trojan horse " for those banksters. On one side they are pressured/fucked by IMF and want to get rid of them... But on the other side, if they would adopt BTC (I doubt it), they are fucked, because slowly they will became obsolete once people realize that they can run their own bank (a LN node).
Interesting times...
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20 sats \ 0 replies \ @yakshaver 17 May 2022
Dollarized developing economies are screwed more from rising inflation than is the US because the cantillon gainz from inflation acrue mostly to rich people in the west.
Bitcoin can check US dollar debasement if it gives 3rd world central banks a highly liquid alternative to US bonds.
The game theory doesn't require full adoption by their people to work out well for these countries.
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