Anthony Pompliano gave an Overview of last 4 days in El Salvador: “1. President announces BTC adoption 2. Simple 3 page bill is presented 3. Government votes & approves bill 4. President joins Twitter to speak candidly Impossible to see a situation where the United States government could move this fast.”
Anthony expresses that Bitcoin is censorship resistant and it is an open monetary network. El Salvador is focused on embracing the open nature of the bitcoin network. Open systems beat closed systems.
We have a mission to secure financial freedom for all. – Strike’s Jackmallers couldn’t be more proud watching the world wake up and recognize the tour de force that makes Jack who he is. Literally bending the world to his reality. My guy Jackmallers is on CNBC in an El Salvador soccer jersey. The game has changed.
My role and responsibility is to be a Bitcoiner and to help the world with what I believe is one of the best tools that humanity has delivered in pushing the world forward. Is like Missionaries over mercenaries.
We meme’d bitcoin into legal tender in a country. Bitcoiners can do anything. If you sell your bitcoin with the hope of buying it back at a lower price, you don’t understand bitcoin.
The most interesting thing that Nayib Bukele, Presidente de la República de El Salvador said last night was that El Salvador adopting bitcoin is good for the United States. He is not wrong. Once people realize this, the nation state adoption will go into hyperdrive.
Users were like: Over time it will limit the risks that come with illegal migration and create more prosperity and balance in Latin America and once the jumps on board the dominos globally will follow.
Please explain how this is good for US and the IMF. El Salvador intends to use BTC as currency in addition to store of value.
The hypothesis is that it will slow immigration to the US from Latin America I suspect. El Salvadorians want to live in their own country in a good and great way. They only immigrated to the US to search for a better live, but that might have changed now.
That really makes it harder for US to come out against it even though it competes with the USD. Will be interesting to watch this play out. At the rate we are going, Salvadorans will be sending $ to family in US. 23% of El Salvador’s GDP is from remittances. Western union takes a hefty fee and bitcoin eliminates this entirely.
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