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Among all the crypto shills I know I'm probably the only one who has used it for trade (0.25ish Bitcoins for a computer on caseking.de in late 2017 and few goodies on local bitcoin in the same year).
All for a mere $1.4B in international loans from the (supposedly evil and corrupt) IMF… Wasn’t El Salvador supposed to be Balaji’s first “Network State”? What happened to strike wallet and that whole crypto grifter crew?
They always seem to get out before the prices tumble.
By the way all the comments in a thread like this will look like bots
Wat
Under the new rules, bitcoin is no longer considered "currency," though it remains "legal tender."
https://reason.com/2025/02/03/el-salvador-walks-back-its-bit...
All for a mere $1.4B in international loans from the (supposedly evil and corrupt) IMF… Wasn’t El Salvador supposed to be Balaji’s first “Network State”? What happened to strike wallet and that whole crypto grifter crew?
El Salvador keeps buying the Bitcoin for its strategic reserve. Businesses and citizens can keep using it.
But for getting an IMF loan, IMF (which, to put it mildly, doesn't like Bitcoin) required the end to Bitcoin legal tender status.
Now the businesses are free to accept it or not instead of being required to accept it. That's all. The government plans to keep buying and using it.
https://apnews.com/article/bitcoin-elsalvador-bukele-musk-tr...
It even seems that the above is a very minor change that in no way changes the outcome here. El Salvador did well and looks to continue to do well with its bitcoin policies.
Surely, if a government wants the people in the country to use a novel cryptocurrency, it has a lot of levers of control which some distributed libertarian minded community simply doesn't.