El Salvador has been buying one bitcoin a day since 2022, and will continue until bitcoin "becomes unaffordable with fiat currencies."
  • El Salvador will continue buying 1 Bitcoin daily until it becomes unaffordable with fiat currencies
  • President Bukele’s statement highlights commitment to cryptocurrency adoption
  • Move demonstrates belief in Bitcoin’s long-term value and potential as a global currency alternative.
  • Mubelotix@jlai.luEnglish
    2·
    8 months ago

    Sure but it’s easy to secure cryptophic keys. Way easier than securing 1000 moving tons of gold

    • ButtonsEnglish
      1·
      8 months ago

      Is it? Like, when any one of the people with access to the key has a standing offer of 1 billion dollars and a life a luxury in another country, are you sure none of them will take the offer? What about when their families are threatened? What about when they get kidnapped and hit with a wrench?

      I’m just saying, if we’re talking about so much Bitcoin that it alone makes a country a world power, that’s enough Bitcoin that things have moved beyond law and order and is in the ugly and dangerous realm of war and espionage.

      • Mubelotix@jlai.luEnglish
        1·
        8 months ago

        That’s why we have multisig and timelocks. Bitcoin doesn’t lack any security feature tbh

        • ButtonsEnglish
          1·
          8 months ago

          I’m not familiar with those, I’ll do some research. How would you explain what those are?