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0 sats \ 2 replies \ @TheBTCManual OP 12 Dec 2023 \ parent \ on: El Salvador's $1 Million Citizenship Program: Over-Priced, Unclear Structure bitcoin
I don't get it though, how did they come up with this figure? How did they guess this would be attractive to people who are in the market for CBI versus other countries?
Just because you can do it with Bitcoin? Seems like one hell of a premium just for that
Unpopular answer, because I know everyone here stans Bukele:
How did they pacify this country so fast? If you know anything about how this works, you know "more police" doesn't actually end crime, especially not in a few months, and especially not organized crime, where there are "slots", and if you arrest one, they'll fill the slot with another eager (literal) gangster. Police is just another bloated bureaucracy that helps itself first.
My Latin American friends tell me, this is as obvious as rain: they paid them off to withdraw and are clearly in bed with the mafias.
Who does a million dollar bitcoin visa help? Not us plebs...