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 Consultant32452 on Wednesday May 04, 2022 @01:20PM (#31263335)
If Bitcoin was inconsequential all the worst people wouldn't be coming out against it and governments across the globe wouldn't be actively trying to stop it.

I have no idea if Bitcoin will ultimately be successful, but it is telling to look at the powerful people who are the most vocal against it.

[ Parent | on HN ]
Re:Most Salvadorans have already ditched their national Bitc... by cuteboy19 on Wednesday May 04, 2022 @01:45PM (#31263596)
Except in this case it was enforced in a top down manner by an extremely corrupt president. No doubt he himself holds a huge bag and intends to funnel the wealth of his nation into pumping it.

You ignore the obvious for some farfetch conspiracy

[ Parent | on HN ]
Re:Most Salvadorans have already ditched their national Bitc... by Consultant32452 on Wednesday May 04, 2022 @01:50PM (#31263649)
Both things can be true. This politician can be corrupt and looking to enrich himself, and other politicians can see Bitcoin success as a threat to power.

The first step is realizing that the central bank fiat systems are designed to be corrupted for the benefit of the people issuing the currency and their associates. Bitcoin may or may not successfully counter that, and Bitcoin may not necessarily be less corrupt.

[ Parent | on HN ]