Re:El Salvador Plans to Use Electricity Generated from Volca...
by cratermoon on Friday June 11, 2021 @06:28PM
(#27479265)
Some crumbs of the crumbs doesn't invalidate my argument, it just demonstrates rising inequality: in other words, the benefits will disproportionately accrue to the wealth foreign investors.
There’s some other points to be argued such as people now are holding an asset that is volatile but deflationary in nature by default and they have the option to convert and hold a currency which will lose value over time (USD). I’m not saying “bitcoin is going to save them” but its at least a novel approach that i think is worth exploring for countries in this position.