“The irony is that, if the story about Tether’s self-licking-lollipop turns out to be true, then #BTC is doing exactly what it was designed to cure: it props itself up by printing its own money.” – Nassim Taleb A quick and doomy piece on El Salvador’s decision to make Bitcoin official legal tender, along with a simple prediction. But first, some background.
I wonder if this is a gambit by Bukele to depeg from the dollar if things turn south with BTC. El Salvador also has huge pension liabilities, and depegging from the dollar would seem to be a way out of the deficit/pension problem.
I wonder if this is a gambit by Bukele to depeg from the dollar if things turn south with BTC. El Salvador also has huge pension liabilities, and depegging from the dollar would seem to be a way out of the deficit/pension problem.
We should know very soon- today Bitcoin became accepted in El Salvador
loving your post Mr chicken