T O P
pradeepkanchan

This is just new material for the next Tropico game where El Presidente has "crypto currency" powers SMH


self_winding_robot

One of the work modes should be "buy the dip". I think this would make the modern era more fun in Tropico. Also add some leveraging work modes via the banks.


Tom245332

It would honestly. Late game Tropico is really boring


empirebuilder1

I too enjoy spamming 500 identical buildings


Tom245332

ZIGGURAT SPAM


Yoshi_87

Penultimo will be very happy to announce the EPC, the "El Presidente Coin"


saintjaerr

El prezidente, we need crypto farms for endless money. Solar power planted crypto farms. Electronics factory will maximize its power. I miss my island.


cr125rider

I’m goin coal baby! Fire up those lines!


jimythejamy

Why this dudes beard painted on


Pitaqueiro

The Caribenha music already started playing in my head, El presidente


miaumee

El Presidente knows the game.


Lanky-Recognition216

What a legend.


ISAMU13

Cabinet member: "Senor Presidente, the market is crashing." El Presdiente: "Keep Calm and HODL."


CAN_ONLY_ODD

Como se dice HODL


21amder

Vichos, traigan su manos de diamantes 💎👐


thespiderhouserules

Rélajate y aguanteh


Mysticpoisen

He'll be announcing this as El Salvador's entry into the space race. TO THE MOON!


jizzmcskeet

It is why he diversified their exposure to Bitcoin with AMC and GME options.


QBitResearcher

El Salvador is about to have a bigger GDP than the US and China combined.


yokotron

Hodl Gang in full force


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StrngBrew

Wait you mean if Biden got a hot tip about a stock he can't day trade from the US Treasury account?


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iWillNeverReplyToYou

No need. Biden can make a trillion dollar coin. I'm glad no one told Trump that was a presidential power.


dangerbird2

He’s become the de facto dictator of El Salvador, so the legislature is just rubber stamping his policies. This Bitcoin debacle is a typical authoritarian vanity project; it’s just about stroking Bukele’s ego, not a serious effort to improve his country’s economy


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JayWaWa

I read this as BukkakeKoin.


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notmoleliza

the love just bursts over and over and over


skyxsteel

Coin exchange name: BUKK Unit name: Bukkake Subunit: 1m Sperm = 1 Guy, 50 Guys = 1 Bukkake, 5 Bukkakes = 1 Party


SoyMurcielago

5 parties = 1 lemon?


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skyxsteel

Sorry I think you are looking for poopcoin


KwordShmiff

So that's what they mean by shitcoins


Richeh

Rule 3400 of the internet: there is coin of it.


dangerbird2

This is good for BukeleKoin


ChocolateBunny

I think we're assuming that this is purely a vanity project, and not like an escape route. He could have had a tonne of bitcoin before making it a currency in El Salvador. If he gets kicked out of the country he doesn't have to escape with suitcases full of money, he'd just need his private key.


Badboyrune

But then someone would end up making their own BukakkeCoin, with black jack and hookers. Mostly hookers, probably.


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Badboyrune

And the BukakkeCoin is then digitally stored, normally on a Japanese server, and the record of it can be exchanged for goods and services.


myfapaccount_istaken

all the good bits would be blurry then


fullup72

I read Jack Black and hookers, and it still made sense.


Levitus01

Or learn to play the bukelele... Or possible partake in some bukakele


buttery_shame_cave

>it’s just about stroking Bukele’s ego well, also about fluffing his offshore bank accounts.


mrwrite94

Sooo... El Salvador basically elected WSB?


rafie97

Look at his Twitter profile, his title is now literally "Dictator of El Salvador"


Renkij

Is this title self recognized or just atributed by twitter to him? Edit:Grammar


brickmack

Its in his bio. Users write that themselves


Renkij

I just googled it, he did that after some protests against him, he seems to be trolling with that.


TheSmokingLamp

More like use funds form the national Bank to invest in Bitcoin, just to enrich himself and his close friends


[deleted]

Don't forget avoiding us sanctions


thesoundperson

His Twitter bio now is quite literally “Dictator of El Salvador”


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Cmiselem

I'm from Honduras next door neighbor of El Salvador, most Salvadorians love him and at no point have any of them referred to him as a dictator in fact they see him as hope for the country many also tell me things have stabilized since he took power. I wouldn't consider him a dictator if his people want him there. I think this is a way for him to branch out and try to make El Salvador a more progressive nation


rhmastablasta

Man, I'm from El Salvador and let me tell you, Twitter is one thing, word of mouth and on the streets it's very different. The only thing that stabilized is the fact that there's no power balances, he calls all the shots and it has already been proved an error. There's no accountability nor transparency for expenses. It's a shit circus and the guy is the clown distracting people while robbing us blind.


Cmiselem

Everything I know about him is through word of mouth and news here and there, I don't use social media except to look at pictures of my sister and her baby because they leave in a remote part of Alaska. I hate social media, lately I don't even like reddit that much lol. But trust me it can be WAY worst our president is a proven narco he IS a dictator no question about it.


rhmastablasta

Oh I know man, your guy sucks too. It's a shit situation all around.


conquer69

> most Salvadorians love him and at no point have any of them referred to him as a dictator Most dictators were elected last century. By the time the people realized they had voted for a dictator, it was already too late.


nope_nic_tesla

The fact that he's popular doesn't mean he isn't acting like a dictator


RandomAnnan

Big brain time


Dosemil88

​ I'm salvadorean, don't be fooled by appearances, Don cerote is a scammer and a narco dictator. Yes, there are some people who love him... but hey... you should never ever love a politician. El Salvador is having a toxic relationship with a deluded being.


Moon_Bus

He wears a sash like he is in a beauty pageant, that is definitely someone who considers them self a dictator


trowawufei

That is not atypical of democratic regimes. Presidential sashes are quite common, just not in the United States. Bukele’s a dictator though. Just don’t assume that every single thing different from US political traditions is a sign of dictatorship.


toastymow

IDK, I like the sash argument and am now gonna use it as my sole mark of whether someone is a dictator.


wingeyes

There are people who hate his guts, but they are also mostly the wealthy and the middle class. There are people like me, who are in the middle. I liked how he handled the pandemic, but he seems brash and erratic and while the country needed change his cult of personality is getting old quick


trowawufei

Let me correct your statement: instead of most Salvadoreans, say “my Salvadorean friends” or “my Salvadorean friends and acquaintances” or “the Salvadorean social media I see”. The people you interact with are rarely a random sample, almost always a very biased one. Unless your opinion is based on polling you’ve conducted


TTRO

Yeah, this whole thing might turn out a PR disaster for BTC.


Dosemil88

It was already set on Bitcoin day September 7, no bueno El presidente.


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SkyLukewalker

Why do people make things up and post them? What do you gain from this? https://www.statista.com/statistics/696152/homicide-rate-in-el-salvador/


hjklhlkj

The data [on the wikipedia](https://en.wikipedia.org/wiki/List_of_countries_by_intentional_homicide_rate) is not updated, so El Salvador is first when you sort by rate


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[deleted]

Latin America should be ruled by Uruguay


irrelephantIVXX

No, you are.


pearlsandplumes

It really is amazing just how together they have their shit while surrounded by so many failed states. I don't think you can find a similar example on any other continent.


Ha_You_Read_That

I need a history lesson on Uruguay apparently.


pearlsandplumes

It's a tonic in the form of a country. Great to travel there when you want a respite from... well, the rest of the world, really. It's a bit like Switzerland in that regard, not getting involved in anyone else's drama. >Uruguay’s income per capita is the highest in Latin America, at $16,230 a year in 2019, compared to only $11,200 in Argentina. > >The country can also boast legal marijuana, legal abortion, gay marriage and – in contrast to the staunch Catholicism of its neighbours – a society so secularized that Christmas and Easter are referred to as “Family Day” and “Tourism Week”. https://www.theguardian.com/world/2020/sep/20/uruguay-argentina-coronavirus-pandemic


SparkTheDutch12

Holy shit, how do I emigrate there from the US? Do I have to be rich?


Yo-3

Please don't. We don't want US-Americans down here.


xantub

If their income per capita is only $16k, all you have to do is live smartly, put the max they match in your 401k, invest the rest, etc. By 50 or so you should be able to have an early retirement in Uruguay.


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nope_nic_tesla

I would say Botswana is the best example in sub-Saharan Africa. More or less stable democracy since the early 60s, relatively low levels of corruption, with a middle income GDP per capita that has been steadily growing for decades.


Orangesilk

It shouldn't sound strange seeing how often corruption starts funded by US or EU economic interests. A weak state in neocolonial countries is very much profitable to the 1st world.


verveinloveland

Yes, we should want our leaders to be less powerful, not more powerful


dontreachyoungblud

That's why there were a bunch of protests in El Salvador recently. The country's monetary fund is now the president's investment fund, and the people who live there are pissed it hasn't translated to a better El Salvador at all.


LeMaigols

Because, sadly, El Salvador is a failed state.


[deleted]

Have we gone full circle? From Bitcoin being an unregulated currency free from government interference to now wanting it to be regulated by a federal bank


Kenta-v-Ez

No, just that a country shouldn't be going full wallstreetbets with the money from their taxpayers duh


swiftpwns

That would be too slow, by the time a decision would be made the dip would be already over.


PKnecron

He's trying to turn a profit, for himself. Obviously. Crypto, as it is now, is a hustle. No oversight, too much volatility. It's a get-rich-quick scheme. The vast majority of coin owners are just trying to make their fortune and cash out.


driverofracecars

>I’d be all-out pissed if our president (US) started getting involved in such matters, regardless of who it is. Yeah but what would that actually change? Our last president proved that public outrage means fuckall.


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dmpdulux3

In the US, the executive branch bombs orphanages without consulting the legislature. I wish the executive was buying the dip on crypto instead.


Havok-Trance

What is up with you strange Crypto fiends that the argument becomes "Dictator good because Crypto. Democratic governance bad cause no crypto" hate to tell you bud but El Salvadors President is likewise guilty of crimes and the abuse of people's rights.


RomanesEuntDomus

I think his point is simply that morally speaking he'd rather his head of state buy crypto than perform strafing runs on civilians because one doesn't end with dead kids (not directly anyway).


AbstractLogic

I believe Havok-Trance we putting that argument into context when he explained how El Savador president is also a terrible human being who has performed atrocities.


RomanesEuntDomus

Has he? I know basically nothing on the dude aside from his decision to adopt bitcoin and now this, but from a quick skim of his wiki page he looks like your run of the mill PoS authoritarian. Seems like they are easing themselves into a dictatorship though, so I guess we might be seeing some of those atrocities in the near future assuming he follows the playbook.


barrinmw

But isn't he causing deaths in his country by not actually investing in helping out his countrymen?


spatz2011

Who says the POTUS doesn't tell Congress?


dmpdulux3

Consulting is an improper phrasing. I meant that the legislature is supposed to declare war, but have not done so since WWII, effectively abdicating the responsibility and letting the executive take it over.


970

And in so many other ways the legislature has abdicated its responsibilities to the executive and judicial branches. It really is simply cowardice. They don't want to be held responsible for making the decisions they are supposed to make.


Ha_You_Read_That

The US dollar would have to crash and be considered worthless for that to happen. Even then people would probably use copper, silver and gold for currency. El Salvador is using Bitcoin because their currencies fail, causing hyper inflation. Which is no bueno for the economy.


Dayvi

I thought he already "bought the dip" yesterday? Is he cost averaging or did he actually buy the peak a few days ago?


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theObfuscator

It’s absolutely based on strategy- he made the gamble when he made it a nationally enforced currency. He’s already all in, so if it fails he’s done. He needs to portray any negative outcome from the moment he enforced it as either temporary or somehow positive. He’s doing just that because he literally cannot afford to be wrong. If he is right about buying the dip- he wins. If he is wrong- he was hosed anyway so it’s not any more of a risk. That said, the real concern is that large outside entities (dark national holdings or international cartels for example) could artificially crash bitcoin by dumping their holdings to crash the market until El Salvador is completely screwed, then swoop in to dangle a “rescue package” with strings attached.


tmoney645

You mean exactly what the IMF and world bank "hope" are going to happen?


623-252-2424

At this point, "investing" in Bitcoin is technically gambling on speculating on what other speculators will do.


GeneralBacteria

alwayshasbeen.jpg


wingeyes

And he has zero college education. I am yet to see any economists in his team fully explain how this is an advantage.


Todd-The-Wraith

I think their president is an active member of r/wallstreetbets


trtlclb

"Don't worry guys I'm a member of /r/stonks, I've got this"


JustOneSexQuestion

Digital Sales of games are prohibited from now on. Now you all go buy from Gamestop. Also now they sell fruit and coffee.


M4573R_CH33F

Calling it now, this all is an elaborate ruse what ends in the prez to bail with whole El Salvador bitcoins with him


mikimiki111

In case you wondered what it feels like to have a wallstreetbets bro as a president. Voila!


AdMammoth5890

who thinks this was a good idea. lets put the country currency into a digital coin we don't have control thats gonna work fine


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Aggraphine

Like Russian roulette with a glock


mustyoshi

They already use USD as their currency, so it's not like they had any "control" to start with.


Kayge

It's not uncommon for countries to do that, though. Pick a stable currency (or a number) and tie your currency to a percentage of the other one. So that other provides your country stability by proxy. Problem here is that Bitcoin is volatile, so the container of widgets you ship out today costs your buyer 50K, and tomorrow 75K.


Parker_Noble

True. You run into problems, however, if you’re monetary policy becomes misaligned with the stable country’s. Ecuador dollarised as well I think


grinde

They did. In fact I'm convinced that's where all the Sacajawea dollar coins went. *Everyone* was using them when I went.


Fleshymushroomba

Not anti-bitcoin/crypto, but using Bitcoin is much more volatile than the USD. Bit coin as a national currency is cool, but el Salvador isn't exactly capable of the widespread technology needed to make this change. From what I gather most small business owners are in trouble


juanlee337

my god...dollar is backed the US government and other government that buy bond/treasuries.. Dollar is million times much safer and stable. Bitcoin could go to 100K or to $100. why would anybody want their currency on cypto just boggles my mind


humaniteer

He's just doing it so that he can steal the bitcoin later.


AbstractLogic

I hope /r/technology does not become the new Bitcoin subreddit.


frank__costello

This sub hates crypto, so I don't think you need to worry about that


[deleted]

I find it likely that El Salvador is about to become a test case for just why exactly nations shouldn't adopt decentralized currency. At the heart of it, governments have absolutely no control over fiscal policy if they can't control their currencies. If you can't control fiscal policy, you can't effectively govern. This whole situation in El Salvador smacks of someone (i.e., the president) using public coffers to speculate in a risky investment and a) lose everything, which won't matter to him because it's not his money that's invested, or b) get lucky with the volatility and embezzle millions from what should be public coffers.


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Phantom_Absolute

Your argument is misleading because they already gave up control of ~~fiscal~~ monetary policy when they moved to using the USD in 2001.


sr71Girthbird

That's conflating monetary policy with fiscal policy... You could take Saudi Arabia as an example. Their fiscal policy is still their own, even if that policy is to maintain a fixed exchange to the anchor currency. They're still deciding when to spend, what to tax, when to borrow, etc. They still be control interest rates and all that even though those rates are going to be heavily influenced by the monetary policy of the anchor currency.


Phantom_Absolute

You're correct, I got them mixed up because the person I was responding to got them mixed up as well. I believe we were both talking about monetary policy. Thanks for the correction.


[deleted]

Yes, and the fiscal policy situation in El Salvador has been shit for 20 years.


Iovah

They have far more problems than fiscal policy. USA destabilised the region for decades, you can't expect them to suddenly become Switzerland like with a reasonable fiscal policy. If maybe US didn't fund contras, terrorists and drug lords for decades for their own gain, Latin America and similar growing economies wouldn't suffer this much. You guys make it seem like their problems started with BTC/USD and they were an utopia before that.


TurboGranny

Maybe, and statistically likely. However, we do have to consider the small posibility, "What if it works out?" What will that do? Will it cause other countries to follow, but they don't get so lucky? Or do those other countries get lucky, but the next wave doesn't? Does China get involved? It's important to consider what else might happen rather than just bank completely on one prediction.


analmangler

Don’t you mean “El dip”


YbstagYaj

aka Presidente Nayib "manos de diamante" Bukele


letsseeitmore

Whenever the guy making the financial decisions for your country is wearing a sash you know you’ll be just fine.


junglebetti

Let’s be comforted by what appears to be an entire bottle of mascara in his beard.


SNCKY

El Salvador will turn in to money laundering banana republic


numsu

"Flash crash". The reporter should really google that word up before putting it in a headline.


ThermalPaper

I'm a Salvadorean and Bukele is basically a dictator, but a good one. Any Salvadorean that thinks our "democracy" was working prior to Bukele is a liar or benefited from the open corruption. Prior to Bukele violent gangs literally ran the streets and extorted EVERY small business in the country, besides maybe the city (San Salvador). Now there is government control through military force, which the people have been begging the government to do for decades. Democracy does not work when the people are living in fear and being extorted by violent gangs. The Salvadorean legislature is corrupt and incompetent. They don't live in the gang filled streets but instead live in isolated villas on the countryside. They have no clue what the average Salvadorean citizen has to deal with. So sure, Bukele is a populist dictator. But that's exactly what the country needs right now. The needs of the citizens trump any corrupt and incompetent republican system.


multi_reality

Finally a voice of reason. Using the words "good" and "dictator" around Americans or reddit is a big no no though. The perfect government is a democratic government and its the only path to a healthy country /s. I'm a Salvadoran American and it's impossible to explain to people here that the American democratic process failed El Salvador and their current government is doing wonders. Most people here can't wrap their heads around the idea of different political paths to a prosperous healthy country. You will not find a single popular new source saying good things about Bukele here. It's really strange to me.


Litmoose

Looks like they bought the top of the dip


scrubsec

Just the tip.


ieraaa

I'm trying to look for this so called ' [flash crash](https://www.tradingview.com/x/3d1BeyU4/) '


re1jo

First thing I did as well. "Have I missed something". For a moment I thought that sure, it might have dipped real down for a hour or two, but no. Complete fucking clickbait.


travis-

I mean, its a crypto related thread in the technology subreddit. This is probably the worst place on reddit to get any news about cryptocurrency.


Danither

Even if you take a 5 day look at it. The word crash is a bit dramatic, more like a slump. It do be click-bait But in the flip side. If my bread suddenly cost 10% more than it did yesterday I'm going to be pissed, so kinda newsworthy. But not under the same headline. It's a bold move with either dire consequences or huge payoffs. If it pays off I think it could go down in history as the greatest move ever made by a politician... Or the worst. Lots of people only seeing one or the other as outcomes, when in reality it's very much both. If another country joins them. Damn, will the floodgates start opening up?


Lonelan

/r/wallstreetbets post in a few days: "If you're the president of a South American country and just bought a lot of bitcoin and it's not performing well, what could I diversify it into to make sure my people don't come for my head?"


Ajg1384

I would suggest cocaine.


MachineCode86

How much time do you think El Presidente spends on r/wallstreetbets ?


JaFFsTer

Nothing to see here. It's totally normal for currencies to move 10% or more in value every week. Carry on


upboatsnhoes

USD did drop about 10% of its value between 2019 oct and 2019 december...but that was probably the most drastic movement in years.


yuckyucky

/r/nottheonion


StrngBrew

What is the system of government called where the president gets to day trade with the Treasury's money?


_bastardpeople_

Starring Kate McKinnon as the President of El Salvador.


Mddcat04

I'd watch it.


Thatweasel

It's almost like bitcoin is an extended series of pump and dumps directed by people with enough capital and influence to make a shitton of money off everyone else, or something. I wonder if there are multiple academic journal articles with papers on this exact topic.


ProBluntRoller

People are so desperate to get rich quick they let other people get rich quick off them


BClynx22

We should stop romanticizing this guy just because we like Bitcoin and he likes Bitcoin. He is anti LGBTQ+ and anti abortion and just all around doesn’t have a track record of being a good person.


Iwouldbangyou

I haven’t seen anyone romanticizing him, pretty much 100% of the discussion has been about how stupid his Bitcoin policy is


Kaizen2468

Lol he’s either going to be a fucking hero or a villain who fucked a country forever


milandyn

I’m no expert, but I don’t think that’s a responsible way to manage a nation’s finances.


stop_drop_roll

Someone needs to explain gambling to him. Seems like a guy I knew who, when at a roulette table, I saw him lose on red/black, double it if he loses. 15 minutes and $4,000 down later....


willdagreat1

This whole crypto thing seems to swing between Dutch Tulip Madness and OG 80’s Wolf-on-Wallstreet style penny stock pump and dump scams.


oriole11

Crash and burn lmao


shawndw

This is the way.


Latter-Statement-463

He is just doing what his masters in the Drug Cartels are telling him to do


joesixers

I'm sure his constituents are buying the dip with all that disposable income they have /s


Burning_Flags

This should end well


Nikola_tesla_model_y

This is the dystopian future.


GroundbreakingDot961

This guy looks like a straight up criminal


8zMLYq

All of my team in our El Salvador BPO are buying the dip and excited for this crash.


wingeyes

The problem with crypto in el salvador is that there is zero financial literacy on it. Stock markets are not a common thing in El Salvador and crypto had been around for awhile but bitcoin beach was a project they slowly laid out in small grassroots areas. The other issue is that the people trade in bitcoin and get dollars and the government covers the loss/profit. Which means... it really makes no sense to have bitcoin for gains , except for avoiding the costs when their family sends money from the US . The app has had a LOT of issues. Bitcoin is no an asset, it's extremely volatile and I have yet to see anyone of my econ professors give a clear answer on them. Even hedge fund investors can be hestitant to putting everything into crypto. It's a very complex thing, which should be done if you have money to spare, not when thirty dollars means if you eat that day. The way they are handling bitcoin, and promising great wealth without any real economic analysis makes me extremely nervous. That being said, if they can lower the interest rates behind the USD and recoup the costs then maybe it will be a good exchange. At the moment most people don't understand crypto fully, nor are there real apps that would teach people. This isn't to say there isn't an ability to learn, but honestly crypto is a rich man's game


achillymoose

Isn't their official currency already the bitcoin? You can't buy bitcoin with bitcoin...


Wolfiest

Probably a member of r/wallstreetbets


SupportingKansasCity

400% chance this guy paints his beard on


MasterbeaterPi

Completely unrelated but his facial hair is trimmed to the point of absurdity. There is not one hair out of place. It looks computer generated and makes his cheeks look like they are missing the muscle. You know how someone could be skinny fat? Small yet comprised of lazy fat and totally weak? That's what his cheeks remind me of. I find it funny because a beard is supposed to be macho but his looks weak. Kind of like the rapper Drake but so much worse.


lipstickdiet

Beard filler


Blackulla

“ItS nOt meAnT tO be bOUghT lIkE a sToCk”


mannyrmz123

The El Salvador experiment will end up pretty terribly. Nayib Bukele's becoming the de facto dictator of El Salvador., like some other dude just said He couldn't care less about the people. He just wants some money money money, put it all in a cold wallet and GTFO when his government collapses. Decentralization my ass.


juanlee337

this is bad idea as a currency for a poor country...


fapping-factivist

This guy looks like a mixture between drake and the European dude who forcefully massages people on trains when you go under tunnels. I’m convinced every train has one of those guys, and I’ve never been on a train.


CETERIS_PARTYBUS

Truly, the dumbest timeline.


btc_has_no_king

Love how bitcoin naysayers never change.... so many years and you always read the same again and again. Couple of years in the future we'll "crash" to 150k and here they'll be parroting same nonesense.


Nerdenator

the question isn't "is it an investment vehicle", the question is "is it a good currency", and the volatility makes the answer "no".


24theory

Not just the volatility makes it a bad currency, the built in deflation nature of the cryptos make them bad currencies.


frank__costello

~~Bitcoin is only used for buying drugs~~ ~~Bitcoin is only used for gambling~~ Bitcoin is only used by tiny countries!


Pooploop5000

Once the bitcoin ponzi scheme implodes this dude is going to end up on a spike.


ScumWithBoundaries

Someone paid 6 million dollars for a Babe Ruth baseball card, can anyone articulate in detail how that isn't a ponzi scheme but Bitcoin is? Spoiler alert: the only answers are subjective


rickk79

How stupid is this man exactly?


dangerbird2

He's not stupid, he just doesn't give a shit. He basically orchestrated a self-coup over the past year or so: first [bringing soldiers into parliament to coerce the legislatures to pass a loan agreement](https://www.bbc.com/news/world-latin-america-51458947), then firing the [attorney general and supreme court judges](https://en.wikipedia.org/wiki/2021_Salvadoran_political_crisis) who were opposing him. At this point, he's popular in his home country, and has no real political checks on his power, so he's basically just stroking his own ego while trying to gain support among dumb tech bros abroad through publicity stunts like this


[deleted]

Lol the whole country is becoming a casino. What a time to be alive!


Kaje26

This guy sounds like someone who lived with their parents until 40 so never had a mortgage and doesn’t understand basic economics.