very interesting, especially the "orange pill" reference which i don't really buy because very similarly to el salvador african countries are renowned for the rampant corruption, political instability, poverty, war and violence, and a predatory culture of plundering of local resources by both locals and foreigners. so i think the bitcoin revolution by pseudo governors, like the corrupt president of el salvador nayib bukele, falls more in line with creating a mechanism to launder all the money from their corruption and ties to organized crime and evade the international financial control systems. although it is important to emphasize that the central african republic IS NOT wasting public tax payer money to help bitcoin whales unload when the price of bitcoin is high to make a profit at the expense of the public taking the loss, just like it has happened in el salvador. in poor countries like el salvador and the CAR those funds are desperately needed in key areas such as schools, hospitals, roads, etc. where they may get some value in return for that money. another point of comparison between the CAR and el salvador is the fact that before the corrupt government of nayib bukele took control of the congress, the supreme court and the attorney general office, guess what, bitcoin was already being used in el salvador for small, daily transactions at el zonte beach as part of an experiment called "bitcoin beach" without the need to make it legal tender by law and spends hundreds of millions of dollars to implement that law and even speculating by buying bitcoin at record high prices. keeping in line with the core concept of bitcoin it made far more sense for everybody, the country, the people, the public's finances and economy, bitcoin and bitcoiners themselves; that things had been kept the way they were and allow for true, free market dynamics to dictate the natural, organic process of bitcoin adoption in el salvador. contrary to that logic the corrupt government of el salvador, after the coup where the supreme court was removed by the new congress loyal to the president, the bitcoin law was imposed on the population and hundreds of millions of dollars burned to implement that law. it is also important to mention that since el salvador has been a highly indebted nation since always, those hundreds of millions of dollars used to implement the highly unpopular bitcoin law came NOT from the country's own savings but from loans that HAVE to be repaid at high interests. so the president of el salvador has gambled away public money that was borrowed and now in spite of the losses has to repay with interest. and finally, the majority of the people in el salvador DO NOT use bitcoin nor the government stable coin app CHIVO, nor do they care nor want to know anything about bitcoin. even the government has stopped promoting it through its aggressive propaganda machine and troll farms. just take a look at chivo's twitter account posts, for example. the bitcoin experiment in el salvador has been a flop except for one purpose in particular, to launder all the illicit money from official corruption and the president's connections to organized crime. if you don't believe it look up nayib bukele's nexus with local mob leaders like jose luis merino, herbert saca, the orozco family, pablo anliker, etc. they're the ones cashing out on the governments bitcoin laundromat.
I order to reap the rewards of savings, you need to store your money in the best form of money possible. Bitcoin. One of the key advantages of using bitcoin is for quick international settlement and I am of the opinion the more trade the richer CAR will become.
very interesting, especially the "orange pill" reference which i don't really buy because very similarly to el salvador african countries are renowned for the rampant corruption, political instability, poverty, war and violence, and a predatory culture of plundering of local resources by both locals and foreigners. so i think the bitcoin revolution by pseudo governors, like the corrupt president of el salvador nayib bukele, falls more in line with creating a mechanism to launder all the money from their corruption and ties to organized crime and evade the international financial control systems. although it is important to emphasize that the central african republic IS NOT wasting public tax payer money to help bitcoin whales unload when the price of bitcoin is high to make a profit at the expense of the public taking the loss, just like it has happened in el salvador. in poor countries like el salvador and the CAR those funds are desperately needed in key areas such as schools, hospitals, roads, etc. where they may get some value in return for that money. another point of comparison between the CAR and el salvador is the fact that before the corrupt government of nayib bukele took control of the congress, the supreme court and the attorney general office, guess what, bitcoin was already being used in el salvador for small, daily transactions at el zonte beach as part of an experiment called "bitcoin beach" without the need to make it legal tender by law and spends hundreds of millions of dollars to implement that law and even speculating by buying bitcoin at record high prices. keeping in line with the core concept of bitcoin it made far more sense for everybody, the country, the people, the public's finances and economy, bitcoin and bitcoiners themselves; that things had been kept the way they were and allow for true, free market dynamics to dictate the natural, organic process of bitcoin adoption in el salvador. contrary to that logic the corrupt government of el salvador, after the coup where the supreme court was removed by the new congress loyal to the president, the bitcoin law was imposed on the population and hundreds of millions of dollars burned to implement that law. it is also important to mention that since el salvador has been a highly indebted nation since always, those hundreds of millions of dollars used to implement the highly unpopular bitcoin law came NOT from the country's own savings but from loans that HAVE to be repaid at high interests. so the president of el salvador has gambled away public money that was borrowed and now in spite of the losses has to repay with interest. and finally, the majority of the people in el salvador DO NOT use bitcoin nor the government stable coin app CHIVO, nor do they care nor want to know anything about bitcoin. even the government has stopped promoting it through its aggressive propaganda machine and troll farms. just take a look at chivo's twitter account posts, for example. the bitcoin experiment in el salvador has been a flop except for one purpose in particular, to launder all the illicit money from official corruption and the president's connections to organized crime. if you don't believe it look up nayib bukele's nexus with local mob leaders like jose luis merino, herbert saca, the orozco family, pablo anliker, etc. they're the ones cashing out on the governments bitcoin laundromat.
I order to reap the rewards of savings, you need to store your money in the best form of money possible. Bitcoin. One of the key advantages of using bitcoin is for quick international settlement and I am of the opinion the more trade the richer CAR will become.