Replying to Avatar calle

IMF Press release for El Salvador. This is insane. Big loss for Bitcoin in El Salvador.

This is nothing like the "shops just don't have to accept Bitcoin anymore" that everybody thought it was. Read this.

https://www.imf.org/en/News/Articles/2024/12/18/pr-24485-el-salvador-imf-reaches-staff-level-agreement-on-an-eff-arrangement

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Derek Ross 1y ago

Does this suck? Yes. Absolutely. Does Bitcoin care? No. It can't. It's software. Therefore, our mission hasn't changed.

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Tim Bouma 1y ago

We're watching #digitalpolitik playing out in real-time. If you are a US dollarized economy, you have fewer options. It will be interesting to see how Argentina plays out.

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yaazer 1y ago

Why does this feel like a prelude to something bigger going on...

El Salvador has always been a beacon for bitcoin adoption... why the aboutface now??

US entering the game?

IMF leaning on Bukele?

Very, very interesting.