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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 yesfitz on Tuesday February 04, 2025 @06:22PM (#42940695)
Lenders of money want to get their money back. They try to minimize the number of factors that threaten getting their money back. Those factors are called "risks".

El Salvador wants to borrow money. The IMF is willing to lend it, but sees El Salvador's Bitcoin policies as a risk to getting their money back.

From the IMF's perspective it is a risk to El Salvador's economy and therefore the repayment of the IMF's loan.

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Re:El Salvador abandons Bitcoin as legal tender after failed... by motorest on Tuesday February 04, 2025 @11:11PM (#42943673)
Your reply addresses nothing in my comment. The truth of the matter is that El Salvador reached out to the IMF for funding to address a number of issues listed in the announcement, and the adoption of Bitcoin as a national currency is one of many many topics covered by the deal. Spinning this as "the IMF paid off El Salvador to shut down Bitcoin" is, again, a take born out of functional illiteracy.
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