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A comment on El Salvador expected to default as Bitcoin plummets. Parent comment

Re:El Salvador expected to default as Bitcoin plummets by lxgr on Wednesday May 11, 2022 @10:10AM (#31340177)
On a Bitcoin standard, instead of sponsoring the US, wouldn't El Salvador just sponsor early/current Bitcoin holders instead?

Replacing one currency not under the government's control with another doesn't seem to achieve all that much, and arguably, picking a deflationary currency at that might be much worse.

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Re:El Salvador expected to default as Bitcoin plummets by willcosgrove on Wednesday May 11, 2022 @11:01AM (#31340960)
> Replacing one currency not under the government's control with another doesn't seem to achieve all that much

Slight correction: They are replacing one currency that is not under their government's control, with one that is not under any government's control.

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