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Dammit, people, when will you learn? El Salvador’s Bitcoin Folly by Jeffrey Frankel

Dammit, people, when will you learn? El Salvador’s Bitcoin Folly by Jeffrey Frankel



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7 Comments

  1. Well you could also look at what underlies the Fiat system central Bankers just committed a horrible crime pumping their own bags and yet they’re going to investigate themselves to see if they did anything wrong.

    People who point fingers at Bitcoin is not only intellectually dishonest but an incredible form of ignorance in the financial world

  2. Remember that this people are not investors, if they get salary they withdraw all because they need it. Most of them get $300 as a salary per month they have no chance to save or invest.

  3. tldr; El Salvador this month became the first country to adopt Bitcoin as legal tender alongside the US dollar. The country’s annual inflation rate has declined markedly since the adoption of the dollar. Bitcoin has not been well received in El Salvador and domestic residents don’t want to be obligated to accept it.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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