max on Nostr: Day two of Bitcoin no longer being legal tender in El Salvador. Some updates... ...
Day two of Bitcoin no longer being legal tender in El Salvador. Some updates...
#ElSalvador #Bukele #IMF #Bitcoin
"There are a lot of people who seem to misunderstand what Legal Tender means and also how IMF loans work
Bitcoin is no longer legal tender, anyone claiming the contrary is at best misinformed. I've attached what the actual law changes are so you can read for yourself that the language was changed, removing all references as bitcoin as money or legal tender, plus the actual conditions, such as the govt accepting bitcoin for things such as taxes, are now prohibited. I've also attached a screenshot of what the definition of legal tender is
El Salvador will not be able to buy Bitcoin with the loan, either direct or indirect. This is just an ignorant cope from a lot of bitcoiners tbh. Yes, money is fungible but the IMF isn't evil because they are dumb. They set the terms and it is at their sole discretion if the sprit of those conditions are being met. This isn't my opinion this is literally how every IMF loan has been structured for decades. Read a book. I'm so tired of seeing this cope. I will once again offer this: if you think I'm wrong and that El Salvador will take this money and then use it, either direct or indirect, to buy bitcoin, then let's bet 1 Bitcoin on it. If you're right, I send you one bitcoin. If you're wrong, you donate one bitcoin to @MyfirstBitcoin_
What about the one bitcoin per day program? I don't know. The language of the draft agreement doesn't seem to prohibit the continuation of that program and therefore I would have presumed that it would continue. That said, the fact they have been skipping days for the first time ever and with zero explanation makes me wonder. There is a screenshot of a three day gap in purchases from earlier this week and you can look this all up yourself on the blockchain of course
Final thoughts: The IMF is the enemy. Yesterday, today, tomorrow and EVERY DAY. This isn't necessarily about the content of the changes it's about making a deal with the devil. If you lay down with dogs, you get fleas"
https://fixupx.com/jdennehy_writes/status/1885346352621617615
#ElSalvador #Bukele #IMF #Bitcoin
"There are a lot of people who seem to misunderstand what Legal Tender means and also how IMF loans work
Bitcoin is no longer legal tender, anyone claiming the contrary is at best misinformed. I've attached what the actual law changes are so you can read for yourself that the language was changed, removing all references as bitcoin as money or legal tender, plus the actual conditions, such as the govt accepting bitcoin for things such as taxes, are now prohibited. I've also attached a screenshot of what the definition of legal tender is
El Salvador will not be able to buy Bitcoin with the loan, either direct or indirect. This is just an ignorant cope from a lot of bitcoiners tbh. Yes, money is fungible but the IMF isn't evil because they are dumb. They set the terms and it is at their sole discretion if the sprit of those conditions are being met. This isn't my opinion this is literally how every IMF loan has been structured for decades. Read a book. I'm so tired of seeing this cope. I will once again offer this: if you think I'm wrong and that El Salvador will take this money and then use it, either direct or indirect, to buy bitcoin, then let's bet 1 Bitcoin on it. If you're right, I send you one bitcoin. If you're wrong, you donate one bitcoin to @MyfirstBitcoin_
What about the one bitcoin per day program? I don't know. The language of the draft agreement doesn't seem to prohibit the continuation of that program and therefore I would have presumed that it would continue. That said, the fact they have been skipping days for the first time ever and with zero explanation makes me wonder. There is a screenshot of a three day gap in purchases from earlier this week and you can look this all up yourself on the blockchain of course
Final thoughts: The IMF is the enemy. Yesterday, today, tomorrow and EVERY DAY. This isn't necessarily about the content of the changes it's about making a deal with the devil. If you lay down with dogs, you get fleas"
https://fixupx.com/jdennehy_writes/status/1885346352621617615