El Salvador to adopt BitCoin

[Morena]

I’m surprised there is no thread on this yet. It’s a pretty big deal. Is this a good idea or a terrible mistake?

https://www.zerohedge.com/crypto/cry...n-legal-tender

El Salvador has become the first country in the world to adopt bitcoin as legal tender after Congress passed President Nayib Bukele's proposal to embrace cryptocurrency. With bitcoin legal tender, just as the dollar, the country has set its sights on attracting miners.

After all the clamoring about "greening" bitcoin mining, Bukele has offered miners "cheap 100% clean, 100% renewable, 0 emissions" energy. In fact, the president said the state-owned geothermal electric company LaGeo SA de CV will offer miners geothermal electricity powered from "our volcanoes.”

I think it’s a good idea if implemented properly.

[Lozano]

Terrible mistake for these days.

Bitcoin value may enhance again for long term but watching this last month evolution I am starting to doubt

[Tannhauser]

[1R0N M4N XL]

depends if another country will follow. but I would keep an eye on el Salvador from now on to see how the bitcoin evolves.

[Dick]

Based El Salvador

[Ranger0075]

they have nothing to lose adopting it, their coin have less value than bitcoin itself and they're already poor.
Fuck Musk

[MechtoidAfalouHG]

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It’s an amazing idea. No endless printing or complete government control.

[Dick]

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It’s an amazing idea. No endless printing or complete government control.

It's the most anarcho-capitalist move a country can make plus it's an inflation hedge. The IMF globalist mafia are having a fit over this.

[Rafael Passoni]

Litecoin is better IMO.

[PersianWolfe21]

Will El Savador become the next Hong Kong of innovation or the next post-Gaddafi Libya of US wrath?

Time will tell.