Look ma, I’m a bitcoin!
“No one really talks about Bitcoin here anymore. It’s kind of been forgotten.”
Bitcoin is not the biggest problem in El Salvador right now — it’s Bukele using the gangs to go as full dictator as he thinks he can get away with.
Zelaya blames the war in Ukraine. Did all those buyers disappear? Surely they weren’t all freshly-sanctioned entities.
“Oh! Sweet mother of baby Jesus!” — a quote from one Salvadoran on seeing that Twitter video of the NFT casino.
El Salvador adopting Bitcoin wasn’t the particular Tether scam I originally thought — but it’s turning out to be a different, and bigger, one.
President Bukele’s office denies everything, and doubtless won’t rest until they find the real hacker.
The Bitcoin City plan is a recycled version of a previous plan to lease 10% of El Salvador to China.
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.
“Libertarian” is when I take your money, it’s different if you take mine.