Re:El Salvador to airdrop $30 in Bitcoin to up to 6M citizens
by lalaland1125 on Friday June 25, 2021 @11:48AM
(#27632254)
If you look through the technical details this proposal, it 100% allows for money printing.
El Salvador isn't actually giving people Bitcoin. It's giving people records in an SQL database that supposedly correspond to Bitcoin in a government wallet.
The government can just edit that SQL database to print money.
El Salvador isn't actually giving people Bitcoin. It's giving people records in an SQL database that supposedly correspond to Bitcoin in a government wallet.
The government can just edit that SQL database to print money.