El Salvador: A $1 billion Bitcoin bond, to set up … Bitcoin City!
The Bitcoin City plan is a recycled version of a previous plan to lease 10% of El Salvador to China.
Attack of the 50 Foot Blockchain
Blockchain and cryptocurrency news and analysis by David Gerard
The Bitcoin City plan is a recycled version of a previous plan to lease 10% of El Salvador to China.
Phrases like “macro critical levels” are what central bankers say when they’re sounding the air-raid sirens.
I expect Bukele to keep promoting Bitcoin as a point of personal pride. But as a practical day-to-day currency, it’s not doing so well right now.
Withdrawals are temporarily unavailable due to unscheduled scheduled maintenance. Funds are absolutely safe.
The El Salvador Bitcoin scheme is a barely-planned smash-and-grab.
They do, however, have plans to send crypto entrepreneurs to a radioactive atoll.
There’s no evidence that Facebook’s cleared Diem with regulators in the US, the EU and Switzerland — as they pinky-swore they would absolutely do before launch. But I’m sure they wouldn’t go back on their word.
The Libra book probably won’t have to include a short history of currency baskets before I can talk about why the original plan for the Libra reserve was ridiculously terrible. So I’ve posted it here.
“Techbrorati in Berlin idolized this guy. Don’t let them say otherwise.”
All of this is, of course, good news for Bitcoin SV.