John Dennehy's avatar
John Dennehy jdennehy@nostrplebs.com 9 months ago
Recent changes to Bitcoin policy in El Salvador... - Bitcoin is no longer legal tender (effective 30 April) - The govt can no longer accept Bitcoin as payment for anything (effective 30 April) - the govt can not 'accumulate' bitcoin in any way, this includes stopping any public mining (effective unknown) - the govt will have to dox all their bitcoin address and holdings (to the IMF for sure, unclear if this will be made public as well) - Chivo, the govt bitcoin app, will be wound down (by end of June) the reason? El Salvador is heavily in debt, which contrary to govt posturing, has INCREASED significantly in recent years and as a lender-of-last-resort the IMF was able to attach basically whatever conditions they wanted to the loan the future? Bitcoin never needed this govt or any other govt. It should be as clear as ever that if we want a better world, it is up to us to create it. Support independent & impartial bitcoin education image

Replies (2)

crany 👽🧡🗿's avatar
crany 👽🧡🗿 crypt0cranium@nostrcheck.me 9 months ago
I hope it will still be Bitcoin friendly to its private circular economies and bank/BTC-USD exchange regulation I'll settle for that with private sector no-KYC Bitcoin usage regulations at point of sale. legal tender loss doesn't help but it should be voluntary merchant adoption anyway 🇸🇻🧡🌴
John Dennehy's avatar
John Dennehy jdennehy@nostrplebs.com 9 months ago
these are the facts. they will not change to be clear, this isn't about an opinion, either positive or negative, regarding whether bitcoin should be legal tender or if governments should be buying bitcoin this is about sovereignty The IMF is now dictating Bitcoin policy in 'Bitcoin Country.' We should be asking questions, and if the response confuses rather than clarifies, we should be asking MORE questions A better world is coming, and it won't come from having 'faith' in politicians, but rather when we learn to think for ourselves and come to our own conclusions. Bitcoin is truth; not marketing View quoted note →
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