this post was submitted on 18 Mar 2024
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267
El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC 'Becomes Unaffordable' With Fiat Currencies, Says President Bukele – Featured Bitcoin News (news.bitcoin.com)
submitted 8 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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  • El Salvador will continue buying 1 Bitcoin daily until it becomes unaffordable with fiat currencies
  • President Bukele's statement highlights commitment to cryptocurrency adoption
  • Move demonstrates belief in Bitcoin's long-term value and potential as a global currency alternative.
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[–] gravitas_deficiency@sh.itjust.works 31 points 8 months ago (1 children)

I don’t think you understand how completely gangs had effectively taken over El Salvador until recently. Despite the obvious issues that you’ve pointed out, the situation is genuinely miles better than it was before for the vast majority of the population who were simply trying to live their lives.

[–] GenEcon@lemm.ee 10 points 8 months ago (2 children)

Thats what I meant with 'if security gets really low, you are willing to sacrifice a lot of freedom'

My major complaint is, that he doesnt have a plan for the time after they will eventually get out of prison.

[–] faintwhenfree@lemmus.org 5 points 8 months ago

Considering how strict he is, doubt they're getting out of prison soon.

[–] deafboy@lemmy.world 1 points 8 months ago

Wait. There was a plan to release anyone? I thought the guy who invites an armed military observers to the parliament voting session wouldn't bother with that.