EI Salvador to create bitcoin city

RoiBox said:

How is that going to give value to all those poor people, this is fucked up, they need a new president, not fckn Bitcoin, they can´t afford Bitcoins anyway .. This is what happens when idiots rules the world.

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First of all, most of El Salvador was unbanked previous to the Bitcoin adoption there.

Secondly, the value of Bitcoin went up ever since they bought it; they cashed some out and funded the construction of a few shelters/buildings.

Thirdly, this city is funded by the Volcano bonds. It should attract Crypto businesses and people from around the world.

El Salvador ranks at 119 in the list of GDP per Capita. If you want to move up, you're going to have to work harder and faster than the rest - they must take some risk.

I believe the president nailed this one in the long term, and the country will be grateful in years.

They are ahead of their time. I commend him.

BTC city is being funded by govt elsalvador issued bonds backed by the btc they own. think it is 6-7% bond

president gives every citizen who wants $30 equivalent in btc - it goes into a govt fork of strike app lightning wallet. so as btc goes up (thanks to elsalv. development) so does value of free btc his citizens hold

yeah elsalvador pres. like to shit post....but most ppl only pay attn to memes and he needs attn for his country to grow fast.

this is amazing