Fold to spin the wheel

I posted a question about the legal tender l law being rescinded. I asked ChatGPT to analze my post ...but I am not in El Salvador so do not know what is really happenin:

Yes, your understanding is correct. Here’s a breakdown of the key points:

1. Bitcoin is still legal tender in El Salvador – The law was modified, but Bitcoin remains an official currency. The change only removed the requirement for businesses to accept BTC. Now, businesses can choose whether or not to accept it, which aligns better with Bitcoin’s ethos of voluntary adoption.

2. Taxes can no longer be paid in Bitcoin – This is another change, but as you pointed out, it's not a big loss. Most Bitcoiners wouldn’t want to use BTC to pay taxes anyway.

3. The IMF agreement didn’t eliminate Bitcoin’s legal status – The mainstream media and some Spanish-language news sources might be framing it as if Bitcoin was “rescinded” as legal tender, but that’s misleading. El Salvador still officially recognizes Bitcoin, and the government continues to hold BTC in its reserves.

4. This move actually makes the law better – The original law’s mandatory requirement was criticized by some in the Bitcoin community because it forced businesses to accept BTC, which contradicted the principle of voluntary adoption. Now, businesses have a choice, which is more in line with Bitcoin’s philosophy.

5. El Salvador is playing a strategic game – By complying with the IMF’s conditions, they get access to cheap loans while still stacking Bitcoin and promoting its use. This looks like a win-win strategy rather than a retreat.

So yes, your assessment is accurate, and the situation is more of a refinement rather than a reversal. The Bitcoin dream in El Salvador is very much alive.

I put this in to ChatGPT to analyze it for coorrectness:

Yes, your understanding is correct. Here’s a breakdown of the key points:

1. Bitcoin is still legal tender in El Salvador – The law was modified, but Bitcoin remains an official currency. The change only removed the requirement for businesses to accept BTC. Now, businesses can choose whether or not to accept it, which aligns better with Bitcoin’s ethos of voluntary adoption.

2. Taxes can no longer be paid in Bitcoin – This is another change, but as you pointed out, it's not a big loss. Most Bitcoiners wouldn’t want to use BTC to pay taxes anyway.

3. The IMF agreement didn’t eliminate Bitcoin’s legal status – The mainstream media and some Spanish-language news sources might be framing it as if Bitcoin was “rescinded” as legal tender, but that’s misleading. El Salvador still officially recognizes Bitcoin, and the government continues to hold BTC in its reserves.

4. This move actually makes the law better – The original law’s mandatory requirement was criticized by some in the Bitcoin community because it forced businesses to accept BTC, which contradicted the principle of voluntary adoption. Now, businesses have a choice, which is more in line with Bitcoin’s philosophy.

5. El Salvador is playing a strategic game – By complying with the IMF’s conditions, they get access to cheap loans while still stacking Bitcoin and promoting its use. This looks like a win-win strategy rather than a retreat.

So yes, your assessment is accurate, and the situation is more of a refinement rather than a reversal. The Bitcoin dream in El Salvador is very much alive.

I live in #Ecuador (for now) and have a telephone based from here so I recieve a lot of news from many Spanish based news sources that say, basically, that due to the IMF agreement with #ELSALVADOR that the #bitcoin dream has died and #bitcoin is no longer legal tender.

My understanding is that the aggreement only made them change the original law that REQUIRED businesses to accept #bitcoin and make it OPPTIONAL...which to my mind makes the law better since no one should be made to use #bitcoin it always should be by choice.

If I remember right, there was some discussion in the #bitcoin community abour this law of making it required that it was not accirdung to the #bitcon ethos.

I think the only other change was that you can't pay you taxes in #bitcoin. Which yo me is a stupid idea anyway...why eould I want to use the best money in the world to pay taxes...better to use the other trash for this purpose.

So please correct me if I am wrong but this looks like a pretty good deal where the IMF gave the cheap money to help in the growth while #ELSALVADOR is stacking #bitcoin.

Thanx Ben. Graat interview. I have kids and grandkids older than you guys and I love to hear your peroective.

Thsnx for posting this since I missed this when ot came out. I retrospect the msin point I saw was the hope that Tulsi brought and to see how that hope has turned out with the last election. Not that everything is hunky dory but I do see change for the better. Thanx again.

I don't know who is selling their #Bitcoin right now but I am truly thankful for the cheap sats. Lettuce hands giving to us Diamond hands on sale.

Parece mucho a Ecuador

.0000000100 one Satoshis = 100 satavos when one Satoshis = 1 USD

The Greater Fools are selling to Saylor and some to us plebs.

It has been said that #Bitcoin is based on the "Greater Fool" theory. With seeing this massive Sell Wall at 100k and knowing the true value of #Bitcoin i am thinking that those selling at 100k are truely the Greater Fools.

La esperanza no está muerta para la humanidad. La esperanza ha llegado porque #Bitcoin es el primer dinero que habla la verdad. Los servicios y la manufactura se descentralizarán nuevamente en todas las naciones. Dado que #Bitcoin permitirá la división del trabajo a niveles nunca antes vistos, estamos entrando en una era de abundancia que está a nuestra puerta. Todo lo que se requiere es que tú camines a través de ella.

Benefits of Bitcoin

Chárter 14

nostr:nprofile1qqsfepkhw5m6vwqvudc78fyxp0r7r7e2mwegyxl34rcu6n5vuq3ypjgpz9mhxue69uhkummnw3ezuamfdejj7qgkwaehxw309ajkgetw9ehx7um5wghxcctwvshsz9mhwden5te0wfjkccte9ehx7um5wghxyctwvshsyzxfrg

Traducido por nostr:nprofile1qqsq5swhq4xsndjgqj9zjfnu3k8jtkhnj9eewgz2rwhztj62322kzagh3lnh5

That was my time period but was blessed to discover #Bitcoin in 2019 when I was forced retired to save me from this Fiat Robbery.

#Bitcoin elimina la capacidad de los cantillonarios de tomar decisiones por otras personas y devuelve esas decisiones a individuos, grupos y sociedades que verdaderamente pertenecen y conocen el contexto. Es una mala idea que alguien ajeno a un lugar específico intente decirles a sus habitantes cómo vivir, ya que no está sujeto a las condiciones de ese lugar. Sin embargo, el Fondo Monetario Internacional (FMI) ha estado haciendo eso durante años. #Bitcoin le quita poder al FMI y restaura la autonomía, dignidad y poder personal de los individuos, especialmente en los países más corruptos. #Bitcoin permite a las personas, grupos y familias en esos contextos tomar decisiones por sí mismos en lugar de verse obligados a atender los deseos de personas externas que se creen dioses.

Benefits of #Bitcoin

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Traducido por nostr:nprofile1qqsq5swhq4xsndjgqj9zjfnu3k8jtkhnj9eewgz2rwhztj62322kzagh3lnh5

Happy Dia de Independencia de Guayaquil 🇪🇨. Here in #Ecuador we celebrate the Independiency of the Major cities of Ecuador from Spain.

Here in Guayaquil we a a Major street downtown called 9 de Octubre.

The Avocados in #Ecuador are wonderful. These came from the Sierras and are very rico.

#Bitcoin

I was wondering if anyone has seen or heard from President #Biden recently or are we in a "Weekend With Bernie" situación.

#Bitcoin #nostr

36 here too. Plus some that are not listen but have had 75 years to do it.

I broke my ankle and rodé in a helicopter on the same day!

Middle Class is the New Poor Class so políticos are using it to say that they were did not have advantages.

I have been thinking again (no it didn't hurt). Even though #Ecuador is very dangerous it is mostly physical but overall the people iEcuador are still very deep in family. Most of the people in the age of the millennials and even the Gen Z are having babies. Most families here have 3-4 kids. When I go to the malls I see lots of families with small kids.

I know how to not put me in risk here.

But to me the dangers in the US are emotional and the family is being attacked so I look at the society overall and I do not if I know how to deal with it like I can deal with the physical danger here #Ecuador

When I view the clown show of the Presidential race I do not know if I want to return to the US.