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A comment on El Salvador's crypto experiment ends in failure. Parent comment

Re:El Salvador's crypto experiment ends in failure by ty6853 on Sunday March 09, 2025 @07:54PM (#43315223)
375 minus like 287 in unrealized gains. My next question is are they still behind once you consider the market value of the ATM and other investments. I doubt it's a total write off.
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Re:El Salvador's crypto experiment ends in failure by rafram on Sunday March 09, 2025 @08:22PM (#43315461)
Who’s realistically going to buy 400 or so bitcoin ATMs (must pick up in El Salvador)? ATMs aren’t a high-margin business.
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Re:El Salvador's crypto experiment ends in failure by ty6853 on Sunday March 09, 2025 @08:33PM (#43315540)
I don't trust El Salvador. I also don't trust the people indicting their policy. I hope to God they have more than 400 ATM to show for 375M. Surely there is more to it.
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Re:El Salvador's crypto experiment ends in failure by rafram on Sunday March 09, 2025 @11:36PM (#43316776)
I was wrong - they actually only have 215 of them: https://cointelegraph.com/news/poland-overtakes-el-salvador-...

It was just bad, showboaty policy from a showboaty strongman leader. Why would you give him the benefit of the doubt even now?

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Re:El Salvador's crypto experiment ends in failure by ty6853 on Monday March 10, 2025 @12:54AM (#43317130)
I don't want to give him the benefit but I also question how even a strongman can justify over $1M per ATM. My alarm bells are ringing that I'm missing something.
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