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roll_the_dice
912e6bdc5ef0d6583287b0d8c9bf2f396afaa565c558f06d39a8f963c63df60a
The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.
Replying to Avatar Cyph3rp9nk

IMF and El Salvador

During all these years of self-education and search for the truth, which by the way led me to Bitcoin, one of the things I learned is that the IMF is the monetary instrument used by the US to subjugate countries and take away their national sovereignty.

The most significant case of our time was Japan, many do not know the history, and as it is somewhat long and complex I refer you to the great documentary “Princes of the Yen”.

If there is one thing that “Bitcoiners” are guilty of, it is naivety. Bukele has made a pact with the devil, Bukele is not as good as you think, he is just a politician, if he had really been smart and had thought about his people, rather than asking for a loan to the IMF he would have opted for the old tactic of save and do not spend what you do not have.

Oh yes, now he has bought 10 more bitcoins, as if he spends the 1400 million in Bitcoin, so far the IMF has already had its way with Bitcoin.

I repeat, if there is one thing Bitcoiners are guilty of, it is being very naive. There is no good politician, you understand? Neither Trump, nor Milei nor Bukele, they are all shit, and Bukele only uses Bitcoin as propaganda, nothing else.

You can argue whatever you want, but surely you don't know what it means to pact with the IMF nor how bad this institution is, before giving your opinion about how good Bukele is, study what the IMF is, study how it has subjugated countries and study what happens if you breach your agreements with the IMF.

Wasn't this to roll over the old IMF loan?

Replying to Avatar mar

El Salvador is now abandoning its government-created Bitcoin app, Chivo, and repealing the law that forced its citizens to accept Bitcoin.

Was forcing people to use Bitcoin really "freedom"? That’s a laugh. While I love Bitcoin, forcing a population to use a specific currency is more akin to authoritarianism than freedom. This kind of intervention is closer to a form of state control than true economic liberty.

The government also had no business creating an app. It's the free market's role to innovate and create solutions, not the state’s. After years of development, what did we get with Chivo? A poorly executed, buggy app that led to significant fraud and mismanagement.

Let’s not forget the so-called Bitcoin City that they promised to build, or the mysterious "volcano mining" initiative where they never disclosed how much Bitcoin was actually being mined. It was all part of a larger PR stunt designed to create hype without any substance behind it.

So much of the excitement around El Salvador’s Bitcoin initiatives has been exaggerated. What’s their end goal with all the Bitcoin they hold? Time will tell, but I wouldn’t be surprised if they mismanage that too.

El Salvador was never truly a "Bitcoin country"—that was a narrative spun by the government. The truth is, we should never trust governments, even those that claim to be pro-Bitcoin.

The adoption of Bitcoin will be driven by the free market, not government mandates.

https://mar101xy.com/uploader/images/2024/12/20/el-salvador-was-never-bitcoin-country.webp

#elsalvador

#bitcoin

So now everyone is only forced to accept dollars..

Especially with bitcoins birthday falling on fuck...