El Salvador, Dollarisation, and Bitcoin — What to Expect From Here

Discussion in 'Digital Currencies' started by hawkeye1, Jun 8, 2021.

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  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Yep, and the associated humanitarian outcomes that go with it.

    But I doubt the Salvadoran President has humanitarian motives in mind.
     
    mmm....shiney!, Jul 4, 2021
    #81
    66rounds likes this.
  2. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    This old establishment hack is getting more oxygen on Kitco - however, he is telegraphing sentiment which suggests that El Salvador may be facing sanctions for this move.

    The international financial mafia is going to want to make an example of El Salvador and ensure this experiment is a dismal failure.
     
    BuggedOut, Jul 7, 2021
    #82
    markcoinoz likes this.
  3. markcoinoz

    markcoinoz Well-Known Member Silver Stacker

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    I am hoping that other small countries follow El Salvador's lead.
    Doubt sanctions would make a scrap of difference to El Salvador.
    They are already way down in the pecking order anyway.

    Steve Hanke needs to crawl back into his own hole of academia and
    allow the real world to evolve.
     
    markcoinoz, Jul 7, 2021
    #83
    BuggedOut likes this.
  4. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Lucky no businesses, small, medium, large, multinational or government is made to pay thier workers salary in BTC.
    It could bankrupt all but the multinaltionals overnight in El Salvadore but conversely save them them lot in reduced pay, every payrun would be a lottery.
     
    Ipv6Ready, Jul 7, 2021
    #84
  5. alor

    alor Well-Known Member Silver Stacker

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    Malaysian police use steamroller on seized Bitcoin machines :)
    8 people were arrested for allegedly stealing the equivalent of $2.7 million worth of electricity to power the energy-hungry computers. power addicts

    [​IMG]
     
    alor, Jul 23, 2021
    #85
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