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31 sats \ 1 reply \ @Pine 11 Jul 2022 freebie \ on: Nations under considerable credit stress. "El Salvador is next in line" bitcoin
It seems bad, bitcoin adoption would not help much in this situation
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20 sats \ 0 replies \ @Spartan 11 Jul 2022
Bitcoin won't save the states debt problem, especially in developing countries. There will be pain.
Luckily the people of these countries have Bitcoin, so the people have a viable Lifeboat. Plus, they are dollarized so their currency will not hyper inflate the way that Sri Lanka's and other foreign states did/will.
Before Bitcoin can provide any lasting help, the forest must burn.
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