Lots of controversy over El Salvador’s IMF deal, agreeing to make Bitcoin acceptance voluntary instead of mandatory.
Some Bitcoiners argue the mandate was flawed from the start, while others see this as ending Bitcoin’s legal tender status.
Or is this a 5D chess play?
No one says it out loud, but I think there's an implicit understanding that these "loans" are actually gifts. They'll never be paid back in full and terns will never be enforced. If I'm Bukele, I just nod, smile, agree to the IMF terms, take the fiat "loan," invest in Bitcoin, and then do what I want. He's an intelligent guy. He knows how to play the game.
#bitcoin #gametheory
Definitely not free. Any deal with IMF is a deal with the devil. I did see something about a requirement for anti-corruption laws to be passed. Maybe something to do with KYC? I don’t know, but I’m sure IMF is happy to get their foot in the door.
