The big news here seems to be that the government won't accept bitcoin for tax payments, and will no longer require businesses to accept it. The bigger news is the IMF getting to dictate a country's policy here.
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The big news here seems to be that the government won't accept bitcoin for tax payments, and will no longer require businesses to accept it. The bigger news is the IMF getting to dictate a country's policy here.
Really no reason to move to El Salvador atp if you are a Bitcoiner.
I imagine that Max Keiser will not be very happy with this setback in El Salvador regarding the scope of the use of Bitcoin. Has anyone read or seen his reaction?
Sad to hear this.
Still there is probably a limit to how much a small nation can resist the Fiat Debt Slavery Bankers Cartel.
El Salvador has exceeded the efforts of any other nation state to date to give its citizens freedom of choice over what MoE they use.
Fuck the IMF. Evil fuckers.
These bankster criminals will die poor in the fiat prisons of their own construction.
The IMF has got ES by the balls. ES should feign compliance and stack in secret until Bitcoin is more powerful.
Shouldn’t take much longer…
Ugh, stop drinking the elite's kool-aid.
The reason for an IMF loan:The reason for an IMF loan:
This is a big trap, maybe. They will not be able to buy the same amount of bitcoin because there is a limit to $USD spending for this purpose. But they can buy infrastructure to mine bitcoin.
popcorn is ready.
If he is smart he will use it to buy bitcoin. Will see, on the surface it looks like a dumb move. Only time will tell.
https://www.newsweek.com/el-salvador-eyes-3-trillion-gold-mine-beneath-its-soil-1998797
maybe he knows he can pay it back in gold and sell the rest for bitcoin
Good point.