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A comment on El Salvador abandons Bitcoin as legal tender after failed experiment. Parent comment

Re:El Salvador abandons Bitcoin as legal tender after failed... by chii on Monday February 03, 2025 @11:22PM (#42927907)
it is probably the same with gold - in fact, i say gold is used even less in transactions. Yet, nobody would deny that gold cannot form a good monetary foundation . Of course, it's not the best - fiat is still, imho, better - but it doesn't mean it can't work.

So why is the IMF so against bitcoins that they'd rather pay to eliminate it? Or are the IMF scared that bitcoin can actually succeed, in a way which prevents IMF members from asserting monetary pressure in ways that benefits them?

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Re:El Salvador abandons Bitcoin as legal tender after failed... by dragonwriter on Monday February 03, 2025 @11:48PM (#42928103)
> Yet, nobody would deny that gold cannot form a good monetary foundation

I wouldn’t say nobody (fools exist), but, sure, only a fool would deny the statement “gold cannot form a good monetary system”.

But... Isn't that the opposite of your Bitcoin claim?

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Re:El Salvador abandons Bitcoin as legal tender after failed... by freen on Monday February 03, 2025 @11:37PM (#42928023)
Ahh yes, the age old “let’s use a precious metal to denominate our currency” idea.

Cryptocurrency bros are literally speedrunning the entirety of monetary system failures. All of them. You’d think, maybe after the first couple they’d read a book or something?

Heck no! YOLO!

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Re:El Salvador abandons Bitcoin as legal tender after failed... by robertlagrant on Tuesday February 04, 2025 @11:23AM (#42934461)
Just to be clear, people who have downvoted you are likely doing so because of tone and attitude, not because they're pro-bitcoin.
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