Understand the implications of Bitcoin's downfall in El Salvador. Learn about the failed economic bet and its impact on the country's financial stability.
They were trying to break free using Bitcoin. It seemingly worked quite well so they were forced to stop doing it. The article title is misleading in the sense that the failure isn’t from Bitcoin (quite the contrary).
You don’t even have to be pro bitcoin to see this as something bad, but feel free to keep supporting such propaganda and external influence of politics. I’m sure it really benefits you
You know we call that a failure, right? You’re the one attaching emotion to it. Did it succeed? No. Thus it failed.
It’s not semantics. It’s basically logic. Maybe don’t try and be a sophist. I never said it couldn’t be tried again. In fact I said quite the opposite: you need to see this as a failure, address why, and make changes before trying again. But you’re just stuck on the word “failure” and your own preconceptions. No one thinks this was a test of “just Bitcoin”. The dark markets already tested Bitcoin thoroughly over a decade ago. This was a test of real world application of Bitcoin as a a government backed currency in the hopes of avoiding outside influence. Outside influence came in and managed to remove Bitcoin - the exact thing that was trying to be proved it was immune to.
You can argue semantics all you want
They were trying to break free using Bitcoin. It seemingly worked quite well so they were forced to stop doing it. The article title is misleading in the sense that the failure isn’t from Bitcoin (quite the contrary).
You don’t even have to be pro bitcoin to see this as something bad, but feel free to keep supporting such propaganda and external influence of politics. I’m sure it really benefits you
“They tried to break free but it didn’t work”.
You know we call that a failure, right? You’re the one attaching emotion to it. Did it succeed? No. Thus it failed.
It’s not semantics. It’s basically logic. Maybe don’t try and be a sophist. I never said it couldn’t be tried again. In fact I said quite the opposite: you need to see this as a failure, address why, and make changes before trying again. But you’re just stuck on the word “failure” and your own preconceptions. No one thinks this was a test of “just Bitcoin”. The dark markets already tested Bitcoin thoroughly over a decade ago. This was a test of real world application of Bitcoin as a a government backed currency in the hopes of avoiding outside influence. Outside influence came in and managed to remove Bitcoin - the exact thing that was trying to be proved it was immune to.
But cope harder if it helps you sleep at night.