RE: Bitty16 May 2022 09:29
This El Salvador yeh
The grandiose project is the brainchild of the troubled Central American nation’s headline-grabbing populist president, Nayib Bukele, arguably now the world’s foremost cryptocurrency evangelist after foisting Bitcoin as legal tender on his largely bewildered compatriots last year. In September, every El Salvadoran citizen was given $30 worth of Bitcoin in a government issued crypto wallet – although many reported that the money mysteriously disappeared from their accounts.
Meanwhile Bukele, a 40-year-old former businessman and marketing executive with a serious Twitter habit and a penchant for wearing baseball caps backwards, has risked the ire of the International Monetary Fund, who say he is taking gratuitously ‘large risks’ with El Salvador’s precarious economy.
With the world’s highest murder rate, ravaged by mara street gangs, cartels funnelling cocaine from the Andes up to the United States, and an annual per capita GDP of just £3,000, you might think that Bukele had more pressing — and realistic — priorities than turning the region of La Union, an impoverished rural backwater on the Pacific Coast where Bitcoin city will be built, into the epicentre of the highly volatile crypto-revolution.
https://www.spectator.co.uk/article/could-el-salvador-s-mad-bitcoin-city-collapse-the-country-
Btc millionaires move to a region with the highest murder rate on the planet, I wonder what could go wrong. Bukele May as well be another do kwon ! Just another actor with poor intentions. The people on the ground said the 30 dollar payment into he wallet for the people has just gone missing lol