Good morning from El Salvador

We are now in DAY TEN since the government rescinded Bitcoin as legal tender, at the request of the IMF (effective after 90 days)

The IMF deal went after Bitcoin as a Medium of Exchange, while mostly ignoring Bitcoin as a Store of Value. For example, the govt will be explicitly prohibited from using Bitcoin (such as for taxes or the visa entry fee) though there was no mention of the Bitcoin reserve the nation holds and I presume that means it will be unaffected

This is part of a global conspiracy to blunt some of the most revolutionary aspects of Bitcoin and push it toward ONLY being a SoV

Our response shall be global as well

On April 10th Bitcoin educators from around the world will come together at nostr:npub1theparkprcs70dcs437ke9zzwsr6u60f8flu7rg28m30438aep9sd94dha in Nashville to share best practices and build a global movement around independent, community-led (decentalized) bitcoin education

Join us!

https://bitcoinunconference.com/

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Wish I could make it but I have a team week for work that week :(

Any indication why El Salvador caved to the IMF? What was their leverage?

the country needed money and didn't have any other options for lenders

no one deals with the IMF by choice

that's almost always the case and until we hear otherwise that should be the assumption here