BTCyourmind on Nostr: Critical thinking & knowledge is the most scare assets in the planet. It should be ...
Critical thinking & knowledge is the most scare assets in the planet.
It should be simple to figure out that if you sit on table with loan sharks, you play their game. You cannot outsmart them or can violate their terms at will.
El Salvador bend to loan sharks and we need to take this as a warning. The empire strikes back and will fight. We have to keep alert and vigilant. We cannot win this war pretending that we outsmart the empire with spreading fake wins like this.
Here is the section for digital assets from IMF web site. It does not say El Salvador cannot buy bitcoin today or tomorrow. It is clear and not good in my opinion.
"The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies. Legal reforms will make acceptance of Bitcoin by the private sector voluntary. For the public sector, engagement in Bitcoin-related economic activities and transactions in and purchases of Bitcoin will be confined. Taxes will only be paid in U.S. dollars and the government’s participation in the crypto e-wallet (Chivo) will be gradually unwound. Transparency, regulation, and supervision of digital assets will be enhanced to safeguard financial stability, consumer and investor protection, and financial integrity."
It should be simple to figure out that if you sit on table with loan sharks, you play their game. You cannot outsmart them or can violate their terms at will.
El Salvador bend to loan sharks and we need to take this as a warning. The empire strikes back and will fight. We have to keep alert and vigilant. We cannot win this war pretending that we outsmart the empire with spreading fake wins like this.
Here is the section for digital assets from IMF web site. It does not say El Salvador cannot buy bitcoin today or tomorrow. It is clear and not good in my opinion.
"The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies. Legal reforms will make acceptance of Bitcoin by the private sector voluntary. For the public sector, engagement in Bitcoin-related economic activities and transactions in and purchases of Bitcoin will be confined. Taxes will only be paid in U.S. dollars and the government’s participation in the crypto e-wallet (Chivo) will be gradually unwound. Transparency, regulation, and supervision of digital assets will be enhanced to safeguard financial stability, consumer and investor protection, and financial integrity."