Dunno if you know, Greg, but there's a real-life experiment happening right now between bitcoin and U.S. government-backed currency.
That's happening in El Salvador, where, thanks to the shilling of autocratic doucheBro president Nayib Bukele, bitcoin has been legal tender for about 4 months now—alongside the U.S. dollar, which was the on…
Dunno if you know, Greg, but there's a real-life experiment happening right now between bitcoin and U.S. government-backed currency.
That's happening in El Salvador, where, thanks to the shilling of autocratic doucheBro president Nayib Bukele, bitcoin has been legal tender for about 4 months now—alongside the U.S. dollar, which was the only official currency of El Salvador from 2001 until this past September.
Unsurprisingly, the public is on your side of this one, preferring the dollar 93 to 7 (...and if anything that's an underestimate, given the vagaries of polling in an autocratic state). The state-run exchange that's supposed to let Salvadorans smoothly trade between the two has been a fiasco so far, too... but none of that is stopping Bukele from planning bigger, better, and more unhinged things, such as a proposed bitcoin-only tourist city at the base of a volcano (planned to have a perfectly round footprint, like—you guessed it—a bitcoin! Who wants to tell Bukele that a bitcoin doesn't have any physical geometry at all?)
You'll be shocked, shocked!, to find out that Bukele's government has done additional buys of bitcoin that have not been accounted for on the public ledger. It's almost as though the whole thing is just a magnet for grifters, on top of the hardcore money-launderers.
Dunno if you know, Greg, but there's a real-life experiment happening right now between bitcoin and U.S. government-backed currency.
That's happening in El Salvador, where, thanks to the shilling of autocratic doucheBro president Nayib Bukele, bitcoin has been legal tender for about 4 months now—alongside the U.S. dollar, which was the only official currency of El Salvador from 2001 until this past September.
Unsurprisingly, the public is on your side of this one, preferring the dollar 93 to 7 (...and if anything that's an underestimate, given the vagaries of polling in an autocratic state). The state-run exchange that's supposed to let Salvadorans smoothly trade between the two has been a fiasco so far, too... but none of that is stopping Bukele from planning bigger, better, and more unhinged things, such as a proposed bitcoin-only tourist city at the base of a volcano (planned to have a perfectly round footprint, like—you guessed it—a bitcoin! Who wants to tell Bukele that a bitcoin doesn't have any physical geometry at all?)
You'll be shocked, shocked!, to find out that Bukele's government has done additional buys of bitcoin that have not been accounted for on the public ledger. It's almost as though the whole thing is just a magnet for grifters, on top of the hardcore money-launderers.