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El Salvador abandons Bitcoin as legal tender

(ticotimes.net)
927 points smallerfish | 1 comments | 04 Feb 25 00:00 UTC | HN request time: 0s | source
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wyck ◴[04 Feb 25 00:14 UTC] No.42925369[source]▶
They have made just over 300 Million off the initial BTC purchase, and as of 15 minutes ago, continue to buy BTC everyday.

They even have their own tracker, https://bitcoin.gob.sv/

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lern_too_spel ◴[04 Feb 25 00:42 UTC] No.42925714[source]▶
I'd be surprised if DPRK doesn't already have access to the wallet and is just waiting to get the most out of it.
replies(1): >>42925810 #
desumeku ◴[04 Feb 25 00:50 UTC] No.42925810[source]▶
I highly doubt their BTC reserve is connected to the internet.
replies(2): >>42926032 #>>42928671 #
1. wyck ◴[04 Feb 25 01:10 UTC] No.42926032[source]▶
It's likely in cold storage , but the tracker is using the wallet address.

For example, about 1 hour ago they bought 1m in BTC: https://bitcoin.gob.sv/tx/83ddfe67485d322e9c017d8ba6aee53d8f...

The address is : 32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo