pull down to refresh

El Salvador Made Bitcoin Official Currency. Now It’s Backtracking for IMF Loanwww.msn.com/en-us/politics/government/el-salvador-made-bitcoin-an-official-currency-now-it-s-backtracking-for-imf-loan/ar-AA1w7F82
349 sats \ 6 comments \ @StillStackinAfterAllTheseYears 6h bitcoin
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.
write
preview
related posts
0 sats \ 0 replies \ @Solomonsatoshi 3h
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.
reply
0 sats \ 0 replies \ @ZezzebbulTheMysterious 5h
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…
reply
0 sats \ 0 replies \ @000w2 5h
Ugh, stop drinking the elite's kool-aid.
reply
0 sats \ 2 replies \ @OgFOMK 5h

The reason for an IMF loan:

  1. We owe the IMF already and they only take $USD
  2. We don't want to sell our bitcoin for FIAT $USD
  3. The dark force is very strong and we'd like to leave but we are a government which is just another word for the dark force.
  4. Michael Saylor is borrowing for Bitcoin.
El Salvador’s government agreed to reduce bitcoin purchases
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.
reply
10 sats \ 1 reply \ @tenshi 3h
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
reply
0 sats \ 0 replies \ @OgFOMK 3h
Good point.
reply