Foreign Policy: Bitcoin Failed in El Salvador. The President Says the Answer Is More Bitcoin.

My latest on El Salvador for Foreign Policy is up! [Foreign Policy, paywalled]

This is a version of my previous post about the Volcano Bonds and Bitcoin City, a couple of weeks ago, with more geopolitics — this is Foreign Policy, after all. I include some more details on both that have emerged in the past two weeks, such as the Bitcoin City renderings in the architect’s portfolio, and the Twitter thread ripping his bad ideas to shreds.

I was going to write up the original post as something FP-friendly, but the editorial queues were quite long around Thanksgiving, so we gave it a couple more weeks. There were no new developments in that time, because the scheme is press-release-ware by its nature.

 

 



Become a Patron!

Your subscriptions keep this site going. Sign up today!

2 Comments on “Foreign Policy: Bitcoin Failed in El Salvador. The President Says the Answer Is More Bitcoin.”

  1. Hm, it really is only the chorus of “Paradise City” that needs to be changed to make it a BitCoin-appropriate song.

    ||: Take me down to the BitCoin City
    Where the blocks are mined and the scams are pretty
    (Chain my block) Oh won’t you please chain my block :||

    Then verses 1 and 2 are fine as-is, and just skip verse 3.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.