El Salvador to host 44 countries to discuss Bitcoin

[johnarb]

I think bonds are too complicated, but from what I'm reading, these UK pension funds invested in these things and levered up (used as collateral)

Bank of England gonna save them, though, right? coz BOE can print fiat shitcoins...

Yea, I think El Salvador is doing much better, they are buying back their bonds without the ability to print fiat, their national currency is the USD

https://twitter.com/x/status/1579391675562328064

 

[Cryptjitsu]

You have not disputed any of the metrics, deaddog. Do you need more time?

You're been doing smokes and mirrors but facts and numbers are not for your interpretation

• Double digit GDP growth for El Salvador
• Bond repurchase of over $500M (so far)
• El Salvador tax revenues up 2.7pp of GDP: like a sizable tax reform. Without doing tax hikes
• And other metrics from the picture below

Crime violence down -95%? LOL GTFO
Are they trying to compete for some Government propaganda prize among corrupt third shitholes?

Johnarb, I know you are in love with BTC but BTC rollout in El Salvador is a dystopian regime.
Everything is monitored & KYCed, via the required app that all citizens & resident HAVE to use if they are to utilize the BTC as the country's payment standard.
Oh, and the app is not even an El Salvadorian entity, it's a US or European multinational corporation.
Remove the whole BTC gimmick and it's basically a dystopian nightmare being imposed.
Yet BTC maxis rejoice.
How ironic.

 

[johnarb]

Crime violence down -95%? LOL GTFO
Are they trying to compete for some Government propaganda prize among corrupt third shitholes?

Johnarb, I know you are in love with BTC but BTC rollout in El Salvador is a dystopian regime.
Everything is monitored & KYCed, via the required app that all citizens & resident HAVE to use if they are to utilize the BTC as the country's payment standard.
Oh, and the app is not even an El Salvadorian entity, it's a US or European multinational corporation.
Remove the whole BTC gimmick and it's basically a dystopian nightmare being imposed.
Yet BTC maxis rejoice.
How ironic.

Bukele and MS13 broke the truce. The El Salvador army locked up all the MS13 gang members and other gangs

You don't have to believe me, do your own research

 

[Cryptjitsu]

Bukele and MS13 broke the truce. The El Salvador army locked up all the MS13 gang members and other gangs

You don't have to believe me, do your own research

If even true, a temporary blip. One has to be smoking some serious hopium to think that will last.

Unless it becomes forced into an oppressive regime, where "crime" does not really exist. Akin to Stalin's rule.
Considering the damage the dollar is doing to all of the third world and the wonderful BTC dystopia experiment, it is definitely a possibility.

 

[johnarb]

If even true, a temporary blip. One has to be smoking some serious hopium to think that will last.

Unless it becomes forced into an oppressive regime, where "crime" does not really exist. Akin to Stalin's rule.
Considering the damage the dollar is doing to all of the third world and the wonderful BTC dystopia experiment, it is definitely a possibility.

Bukele is already trying to change the constitution so he can hold on to the power much longer. He has majority support, plus he controls congress and judicial system through family members in power and many friends and allies

But look at the results. I'm not going to judge El Salvador by subjective metrics, but by the hard KPI numbers

Go look at my post regarding bond repurchase, double digit GDP growth, 2.7 pp of GDP tax revenue growth and other metrics

and all the IMF and WEF funded media cannot change those results

El Salvador is saying f*ck you to the IMF since they don't have to borrow from them anymore

Argentina on the other hand has to bend over and take it from behind when IMF told them no Btc adoption. Too much debt and too many corrupt cantillionaires in power

 

[johnarb]

"El Salvador has an $800 million bond maturing in January 2023

Bloomberg said. In July last year, Moody's downgraded the country's credit rating to CAA1, meaning it has a very high risk of default on its loans. The ratings agency cited a "challenging redemption schedule" and "a deterioration in the quality of policymaking," as part of its reasoning for the downgrade.

El Salvador just paid the $800M loan plus interest but no one's going to talk about it after all the hundreds of articles saying they will default

Prolly nothing...

https://twitter.com/x/status/1617695406812721156

 

[Pekelo]

Great! Now can we call this dictator's little experiment a bust? Nobody is using bitcoin for payment there...

https://www.economist.com/the-americas/2022/11/17/el-salvadors-bitcoin-experiment-is-not-paying-off

 

[Pekelo]

"I attempted to spend two weeks travelling in El Salvador living on Bitcoin. I tried to pay for every single thing with Bitcoin, or Satoshis, small amounts of Bitcoin. Spoiler alert, I failed.

Outfoxed by car hire companies (fortunately my car of choice was not Fiat); stubborn restauranteurs, a parking meter, pupusas, and a fancy dress shop where I was obliged to purchase a multicoloured wig with a $5 bill, I could not survive in “Bitcoin Country” on Bitcoin alone. "

https://cointelegraph.com/magazine/what-actually-use-bitcoin-el-salvador/

 

[ph1l]

El Salvador just paid the $800M loan plus interest but no one's going to talk about it after all the hundreds of articles saying they will default

Prolly nothing...

Prolly paid for with profits from that bitcoin volcano! Or maybe, Bukele forgot to mention ...
https://www.bloomberg.com/news/arti...salvador-repaid-maturing-bond-dodging-default

Sydney Maki and Maria Elena Vizcaino
January 24, 2023 at 7:09 AM CST Updated on January 24, 2023 at 8:23 AM CST
El Salvador’s Bitcoin-touting President Nayib Bukele said the nation fully repaid a maturing foreign bond, staving off default after securing a last-minute loan and buying back millions of dollars of its own debt.

But I give El Salvador credit -- it's better for them than defaulting.

 

[johnarb]

Prolly paid for with profits from that bitcoin volcano! Or maybe, Bukele forgot to mention ...
https://www.bloomberg.com/news/arti...salvador-repaid-maturing-bond-dodging-default

But I give El Salvador credit -- it's better for them than defaulting.

Volcano bonds not out, yet, but coming soon

Yes, you gotta love the wording of the article, imf and wef sponsored hit pieces never give up

El Salvador paid off the loan that were due this month, hundreds of articles from last year said El Salvador was going to default on. I even quoted the post for Pekelo with a Moody's article