I just looked up Alejandro Muyshondt again and got spooked about El Salvador ðŸ«
Discussion
Yep, I've never been to the country but as an onlooker there is always this subtle feeling that something is off.
I spent a few minutes reading up on him with Grikepedia. What is it that spooks you?
unless you're directly involved in politics, drugs or money, what are you afraid of?
are you planning on getting cozy with the administration or something?
That’s all that bitcoiners do over there 🤣
well El Salvador is in the process of trying to establish itself as a "Bitcoin country," promoted by its government. To make this vision a reality, they’ve hired social media influencers to attract Bitcoiners to the country. It has been effective in drawing attention and encouraging some to visit or invest.
but there is skepticism among many Bitcoiners since we’ve seen few politicians or governments genuinely work to improve a country, especially in ways that challenge traditional systems. El Salvador’s Bitcoin experiment is unusual, it’s one of the first times we’ve seen government policies that align with certain ideals of decentralization and financial freedom. It’s not surprising that many Bitcoiners are cautiously watching to see how this will unfold.
That said, real change takes time, especially when it comes to lifting a country out of poverty and improving its overall economy. Bitcoin adoption may bring certain benefits, like cheaper remittances and financial inclusion, but there are other long-term challenges, such as education, infrastructure, security, and job creation, that need to be addressed for real, lasting progress.
One thing I’ve noticed, though, is that when I meet foreigners abroad, there are often a few who seem to be heavily involved in drugs or the party scene. I’m cautious about associating with such individuals, especially when I consider how they afford their lifestyle without a clear source of income. It’s a generalization, but I’d advise caution and not jumping to conclusions about people too quickly.
When it comes to the Bitcoin community, I haven’t met many Bitcoiners in person, so I can’t speak to the overall culture too much. However, the few I’ve met have been thoughtful and well-informed. None of them, however, have mentioned moving to El Salvador permanently. Most of us recognize that we need stable employment and a strong support system to take care of ourselves and our families. From what we see online, it seems like most Bitcoiners visiting El Salvador are doing so for vacations or short stays, rather than relocating for good because we need jobs and Bitcoiners aren't building enough jobs there.
While El Salvador is trying to go "full Bitcoin" in hopes of improving its economy, the country will need more than just Bitcoiners. They’ll need substantial capital investment and, more importantly, experienced business leaders who can help build sustainable industries. Bitcoiners often lack the business expertise necessary to transform an entire economy.
If you’re planning to move or invest in El Salvador, you should be fine, but it’s important to stay alert and mindful of your surroundings. Don’t get too comfortable with politicians, even if they’re pro-Bitcoin, and avoid flaunting your wealth.
I would go there but I really have nothing to add to El Salvador, I'd just end up washing dishes or something. I can wash dishes in my country, get a higher wage and save in Bitcoin. Long-term I'm better off here.
They need builders first then workers. I'm just a worker for now.