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927 points smallerfish | 1 comments | | HN request time: 0.281s | source
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twothreeone ◴[] No.42925630[source]
I don't particularly like BTC (as it senselessly burns huge amounts of energy, thereby actively contributing to the destruction of our biosphere), but this news post is intentionally misleading. As reported by many other outlets (e.g. [1,2]), El Salvador abandons BTC to qualify for an IMF loan - so the IMF is pressuring them towards this move (presumably for political reasons).

[1] https://finance.yahoo.com/news/el-salvador-changes-bitcoin-r... [2] https://www.msn.com/en-us/money/financial-regulation/el-salv...

replies(5): >>42925695 #>>42925993 #>>42926090 #>>42926229 #>>42927466 #
1. wyager ◴[] No.42925993[source]
The resource usage is not senseless; it's the core aspect of Bitcoin that makes its security model so trustworthy.