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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 lizknope on Wednesday May 11, 2022 @10:25AM (#31340411)
Serious question, why don't people have faith in the El Salvadoran currency? Why don't they try to fix the problems that are causing that lack of faith?
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Re:El Salvador expected to default as Bitcoin plummets by lottin on Wednesday May 11, 2022 @10:45AM (#31340706)
Notice that the same government that apparently can't be trusted to manage a currency is also in charge of the police and the military. So the government can't be trusted when it comes to currency, but it can be trusted with administering state violence... makes a lot of sense.
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Re:El Salvador expected to default as Bitcoin plummets by baisq on Wednesday May 11, 2022 @02:42PM (#31344075)
"Serious question, why does the third world remain poor even if it's got lots of human potential and natural resources?"
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Re:El Salvador expected to default as Bitcoin plummets by stickfigure on Wednesday May 11, 2022 @10:44AM (#31340686)
El Salvador replaced its currency with the US Dollar in 2001.
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