Re:El Salvador expected to default as Bitcoin plummets
by ephbit on Wednesday May 11, 2022 @01:24PM
(#31343080)
> What happens is these system collapses and Bukele is just the symptom of it.
You mean the corrupt criminal network in El Salvador somehow collapsed because of inexplicable reasons? The collapse is not even to some degree the effect of intentional political changes?
This is wrong. The IMF, USA, and Europe deal with dictators on a regular basis.
> because anything given to a dictatorship goes straight to the cronies at the top.
That's funny because the opposite happened where I live.
> El Salvador started having this problem as Bukele eliminated other branches of government. That's why he pushed Bitcoin adoption in the first place - to work around the problems caused by his desired form of government.
El Salvador had an astronomical crime rate, and bad finances long before Bukele. It's unlikely that Bukele (or a single man) can eliminate anything in the government or a democratic system. What happens is these system collapses and Bukele is just the symptom of it.