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The Forum > Article Comments > Bitcoin the Messiah: El Salvador goes crypto > Comments

Bitcoin the Messiah: El Salvador goes crypto : Comments

By Binoy Kampmark, published 16/9/2021

Given Latin America's long history of fiscal instability, banking collapses, and failed economic advisors, bitcoin promises an unorthodox form of insulation from shock.

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Welcome aboard el Chapo.

Why not trade the Nuevo gold standard as does Australia; Real Bit Estate.

Dan
Posted by diver dan, Thursday, 16 September 2021 8:43:36 AM
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From nothing, you get nothing and bitcoin is like the Emporer's new clothes. Fools claim they can see something of intrinsic value. When no such claim to thin air is possible.

I started life with nothing and still have lots left. And if any of you investment gurus want a heaping helping I'l swap every cubic metre for a hugely discounted million.
All I ask for the 50% discount, is that you pay the packing and postage charges. Hurry, the discount period ends October 30th! And the amount of nothing I still have is limited by storage limits!
As for El Salvador, fools rushing where wise men never go! And jumping from the frying pan into the fire, will not improve their long term prospects, just the opposite.

Particularly when our hugely inflated global property prices bubble bursts! As it will when we stop all the monumental pump priming of the economies!
Alan B.
Posted by Alan B., Thursday, 16 September 2021 11:08:46 AM
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It might be useful for the author to have a look at what is happening in Vanuatu in contrast to El Salvador.
Vanuatu currently uses Australian currency which is in short supply because people keep taking it back to places where they can use it. They are moving to using BSV not just as a currency but also to immutably store information like births deaths and marriages etc. This can be kept private but not anonymous.

BSV can do right now, all the things the others promise, but can't deliver. Price is not an indicator of real utility. https://coin.dance/ shows some interesting data - in particular the blockchain growth and profitability charts. BSV mining energy use is several orders of magnitude less than the others.

A good source of up to date information on the real Bitcoin can be found at coingeek.com and https://bitcoinassociation.net/. Also the https://bitcoinsv.academy/ is a great way to learn about how the technology actually works.
Posted by JacobusZeno, Monday, 20 September 2021 11:34:07 AM
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