72 sats \ 0 replies \ @tenderscore 6 Jul 2022 \ on: Are Bitcoiners too uncritical of El Salvador and Nayib Bukele??? bitcoin
Were we or anyone in the world talking about El Salvador before this? What type of outside capital investment (critical) was there before Bukele's bitcoin gambit? What were the tourism numbers? What was the hope like? How can business work at large when gangs run the show?
They started this 9 months ago...won't this take years before we can see if it's even working? Because so far it certainly looks like it's working. The MS13 gang et al have been gutted. It's given a playbook for other latin states of what NOT to do, and what works. Bukele isn't perfect, I'm just not sure what exactly El Salvador's options were besides the recycling disaster of IMF debt and eventually unserviceable Chinese loans. How about we give it a chance?