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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: 0.586s | source
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twothreeone ◴[04 Feb 25 00:34 UTC] 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...

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1. attila-lendvai ◴[04 Feb 25 03:28 UTC] No.42927466[source]▶
and USD senselessly burns up entire countries... e.g. most recently that giant, and very destructive money loundering operation in ukraine...

somehow everyone forgets that wars don't make sense and shouldn't really be financeable... and yet they are.

BTC can burn orders of magnitude more energy if it makes financing wars just twice as hard as it is today...