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El Salvador Bitcoin bill passes and president hints volcano energy for mining

19 pointsby anandaverma18almost 4 years ago

4 comments

lkrameralmost 4 years ago
If they are going to try to build a substantial part of their economy on bitcoin mining, they are going to run into the same issue Russia has where a fluctuation in fossil fuel prices can completely stall their economy. A less exciting, but more prudent action would probably be to build out the energy infrastructure so they are able to export the vulcano energy to neighbours.
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slimalmost 4 years ago
Any salvadorians over here to give their sentiment about their president ? He seems to have an interesting personality
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panarkyalmost 4 years ago
Pretty cool that this isn't about speculating on the price, it's about de-dollarizing small transactions and remittances, almost certainly over the instant, cheap and secure Lightning network.
sebmellenalmost 4 years ago
The President of a sovereign country now has the laser eyes of the BTC cult in his official profile picture.<p>Did this bill pass because he threatened to storm congress again [0]?<p>[0]:<a href="https:&#x2F;&#x2F;en.m.wikipedia.org&#x2F;wiki&#x2F;2020_Salvadoran_political_crisis" rel="nofollow">https:&#x2F;&#x2F;en.m.wikipedia.org&#x2F;wiki&#x2F;2020_Salvadoran_political_cr...</a>