El Salvador's $1 Million Citizenship Program: Over-Priced, Unclear Structurewww.imidaily.com/grecos-geopolitics/el-salvadors-1-million-citizenship-program-over-priced-unclear-structure/
474 sats \ 4 comments \ @TheBTCManual 12 Dec 2023 bitcoin
Either El Salvador is super bullish on the price of Bitcoin, that they think 1 million is a reasonable price, or they're pricing out people for some purpose.
I thought your country is on a deflationary Bitcoin standard and they're stacking so many sats that you're in the black.
I thought business and tourism were up so dramatically and its stimulating the economy, why would you be charging more than even EU countries for shilling their passports for sale?
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10 sats \ 3 replies \ @SwearyDoctor 12 Dec 2023
Yeah, the first thing I thought was, this is (another) scheme to give cheap visas to the superrich and makes them fairly unattainable to plebs, at least at today's prices. It disappointed me.
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0 sats \ 2 replies \ @TheBTCManual OP 12 Dec 2023
I don't get it though, how did they come up with this figure? How did they guess this would be attractive to people who are in the market for CBI versus other countries?
Just because you can do it with Bitcoin? Seems like one hell of a premium just for that
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0 sats \ 1 reply \ @SwearyDoctor 12 Dec 2023
Unpopular answer, because I know everyone here stans Bukele:
How did they pacify this country so fast? If you know anything about how this works, you know "more police" doesn't actually end crime, especially not in a few months, and especially not organized crime, where there are "slots", and if you arrest one, they'll fill the slot with another eager (literal) gangster. Police is just another bloated bureaucracy that helps itself first.
My Latin American friends tell me, this is as obvious as rain: they paid them off to withdraw and are clearly in bed with the mafias.
Who does a million dollar bitcoin visa help? Not us plebs...
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9 sats \ 0 replies \ @TheBTCManual OP 13 Dec 2023
I have no cooking clue about ES, but yeah it did sound a bit fishy man or PR'y for lack of a better word. I don't know man, I've seen so much shilling for the place it just put me off, if you have to sell me on it so hard what are you hiding?
I've seen some glowing stuff from people who visited, and some pragmatic takes from others, but I've yet to hear from the ordinary Joe citizens on what they think or see on the ground
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