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A comment on El Salvador adopts Bitcoin as official currency, first country to do so. Parent comment

Re:El Salvador adopts Bitcoin as official currency, first co... by dragonwriter on Tuesday September 07, 2021 @12:08PM (#28446424)
Traditionally, when people in the US want to reduce remittances, they just campaign to expel the immigrants making the remittances.
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Re:El Salvador adopts Bitcoin as official currency, first co... by imtringued on Tuesday September 07, 2021 @12:19PM (#28446564)
That will just lead to a debt crisis down the road.
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Re:El Salvador adopts Bitcoin as official currency, first co... by JumpCrisscross on Tuesday September 07, 2021 @12:20PM (#28446584)
> will just lead to a debt crisis down the road

Reduced El Salvadorian immigration will lead to a debt crisis?

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Re:El Salvador adopts Bitcoin as official currency, first co... by imtringued on Tuesday September 07, 2021 @12:25PM (#28446644)
USA exports $2.8 billion to El Salvador.

El Salvador exports $2 billion to USA.

Where do they get the money to do that? By working in the US. By sending remittances through Bitcoin or conventional means.

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Re:El Salvador adopts Bitcoin as official currency, first co... by JumpCrisscross on Tuesday September 07, 2021 @12:32PM (#28446735)
Oh, it would lead to a debt crisis for El Salvador. Sure. But why is that something the U.S. would want?

The original claim was the U.S. would want to “lessen the reason people use Bitcoin.” I’m pushing back on there being political will for that end.

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