El Salvador hopes to becomes the world’s first country to adopt bitcoin as legal tender

johnarb said:
then the Salvadorean is technically a full blown crypto investor/trader/speculator
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...and of course, nothing can go wrong with that. :)

The strange thing is about the El Presidente's move is that the government usually wants to control the citizens' capital movements, in and out of the country, not to allow a free for all. But as we know, the Pres is a gang banger, so maybe that explains it. Or he wants an easy way to get away with his millions in case of a coup.
 
Pekelo said:
...and of course, nothing can go wrong with that. :)

The strange thing is about the El Presidente's move is that the government usually wants to control the citizens' capital movements, in and out of the country, not to allow a free for all. But as we know, the Pres is a gang banger, so maybe that explains it. Or he wants an easy way to get away with his millions in case of a coup.
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Yes, degens in the making :D

He's a popular president because he's crazy like that, but maybe you have a valid point :)
 
Trader Curt said:
That had everything to do with your post. They have crime levels out the roof and the poverty plays a major role in it. No different than if you were to go to a city like Detroit which is run down. A flourishing city with a good economy has less of a crime problem. And how you don't already know this beyond me.

Venezula has already adopted crypto and now their economy has progressed significantly.

It's good to see all these poor countries adopting crypto, with more money in people's pockets, it's less of a reason to turn to crime for support...
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What we almost fully adopted here that's making our lives somewhat bearable is the USD..
Zelle is the new 'pago móvil' ;)

We used BTC when the communist currency exchange control was in full drive, but that's almost over (the currency exchange control, not the communism tho). And most of the related business is mining due to the almost 'free' electricity (during the hours that you have it, of course).
 
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virtusa said:
This is why Venezuela wants BTC:
View attachment 260331
Venezuela's own currency is worth ZERO. They are so desperate that they hope BTC will change everything.
There is not a single country with a strong or normal currency that wants BTC as their currency.
Only countries with hyperinflation and crashing currencies are interested.
But will it make the economy suddenly run better? Keep on dreaming.
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What we always wanted is US DOLLARS! and finally, with the loosening of the absolute currency exchange control the use of USD is almost fully adopted
 
virtusa said:
About El Salvador:

Wouldn't it be better that the president offered very cheap electricity to his poor population?
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Everything that's too cheap will be arbed the soul out of it. That's why there 's so much ppl mining in Venezuela..
the catch is, during the hours you do have power!
 
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