News for hackers. Stuff that matters.

A comment on Most Salvadorans have already ditched their national Bitcoin wallets. Parent comment

Re:Most Salvadorans have already ditched their national Bitc... by birdyrooster on Wednesday May 04, 2022 @11:06AM (#31261532)
The bigger problem is constrained liquidity and deflation aren’t helpful attributes for a currency
[ Parent | on HN ]
Re:Most Salvadorans have already ditched their national Bitc... by throwawaymaths on Wednesday May 04, 2022 @11:15AM (#31261650)
You say that as if there is a central bank of El Salvador that is able to print a native currency as a macroeconomic lever.
[ Parent | on HN ]
Re:Most Salvadorans have already ditched their national Bitc... by birdyrooster on Wednesday May 04, 2022 @05:13PM (#31265924)
Sure they can print money and buy more BTC, but at a cost. At some point that cost leads to economic failures.
[ Parent | on HN ]
Re:Most Salvadorans have already ditched their national Bitc... by throwawaymaths on Friday May 06, 2022 @12:15AM (#31281246)
You understand the currency of El Salvador is the us dollar?

If they are printing money I'd love to know how.

[ Parent | on HN ]
Re:Most Salvadorans have already ditched their national Bitc... by birdyrooster on Friday May 06, 2022 @09:06PM (#31291246)
You keep talking about El Salvador but I am talking about the general problem with using deflationary currencies, especially when you cannot buy enough of the currency as a nation to compete with the rest of the world. Besides printing currency, nations can raise BTC by many other finite means.
[ Parent | on HN ]