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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 llamaimperative on Tuesday February 04, 2025 @08:06AM (#42931827)
Sure: if I buy today, I’ll be richer tomorrow.

Ergo, the exact reason it’s a horrible currency for the system.

It’s really just the infamous libertarian inability to consider the needs of the system as separate but still important and sometimes in tension with the desires of the individual.

It’s just a particularly goofy one because a deflationary currency very obviously cannot support an economy.

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Re:El Salvador abandons Bitcoin as legal tender after failed... by KetoManx64 on Tuesday February 04, 2025 @05:53PM (#42940292)
You're right, It is a horrible currency for the system. How would we prop up the military industrial complex and wars with foreign third world countries if we could no longer print money out of thin air? Just dreadful to think about.
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Re:El Salvador abandons Bitcoin as legal tender after failed... by llamaimperative on Tuesday February 04, 2025 @06:34PM (#42940877)
Lol
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Re:El Salvador abandons Bitcoin as legal tender after failed... by intalentive on Saturday February 08, 2025 @02:35PM (#42985542)
The US economy grew rapidly in the 19th century through long periods of deflation, particularly 1870-1896.
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