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100 sats \ 7 replies \ @0xbitcoiner 7h \ on: Why people are cheering up for El Salvador BTC reserve ? bitcoin
I don’t know if this sounds a bit naïve, but it would be interesting if governments started buying Bitcoin and then replaced their national currency by buying it back from citizens, that way Bitcoin would actually become real legal tender. As for El Salvador buying it, that’s just pure publicity to get people to buy the dip!
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133 sats \ 5 replies \ @optimism 6h
Why would you want resistance money to be adapted by those you're resisting?
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100 sats \ 3 replies \ @0xbitcoiner 6h
I told it might sound kinda naïve! Hahaha
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54 sats \ 2 replies \ @optimism 6h
Yeah I'm just trying to take away doubt in the best way I can think of: asking questions.
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100 sats \ 1 reply \ @0xbitcoiner 6h
My idea is naive because governments would never do that, doing it would actually free their citizens, and that’s the last thing governments wanna do.
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33 sats \ 0 replies \ @optimism 6h
If you buy back your fiat, you're reducing debt. Why reduce if you can default? It's like taking ownership of a problem that isn't yours.
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100 sats \ 0 replies \ @DarthCoin OP 6h
hahaha good question !
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100 sats \ 0 replies \ @DarthCoin OP 7h
Bitcoin can never be a legal tender and I think I explain it several times here. Legal tender literally means DEBBT. Bitcoin is not debt, it is credit. If you don't have it, you cannot spend it.
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