Thousands protest against Bukele government in El Salvador

[PSOL]

https://apnews.com/article/technology-elections-bitcoin-nayib-bukele-el-salvador-b4ca6f06417074dbd254a205a452b426

Thousands of people gathered in El Salvador’s capital Wednesday for the first mass march against President Nayib Bukele, who protesters say has concentrated too much power, weakened the independence of the courts and may seek re-election.

…

Some marchers wore T-shirts that read “NO To Bitcoin.” A few demonstrators vandalized the special ATM machines set up to handle Bitcoin transactions, but which have been inoperable anyway for much of the week. The cubicle housing one ATM machine was destroyed.

…

There has been skepticism about the government’s enthusiastic adoption of bitcoin as a legal tender along with the U.S. dollar since Bukele announced it in a video recorded in English and played at a bitcoin conference in Miami in June. Bitcoin is subject to wild swings in value in a matter of minutes.

…

Recent public opinion surveys in El Salvador have said a majority of Salvadorans oppose making it an official currency. Still Bukele says there are now a half million users of the digital payment system in the Central American nation.

Should have just created their own e-currency backed by the state instead of this inflationary bubble commodity.

[H.E. VOLODYMYR ZELENKSYY]

If Bitcoin is what destroys the Bukele magic and stops him from becoming a dictator, I’ll take it.

[PSOL]

If Bitcoin is what destroys the Bukele magic and stops him from becoming a dictator, I’ll take it.

It won’t, but the Salvadoran reserves that are liquidated and sent out the country will.

[World politics is up Schmitt creek]

Such a benighted country.

El Salvador is one of those places that desperately needs to be "lifted from misery to poverty" like Aristide used to say about Haiti, and making technoutopian computer nerd monopoly money legal tender in a country with lower internet penetration than Bhutan and Swaziland is not the way to do it.

[CumbrianLefty]

Presumably his poll ratings aren't now as sky high as previously, then?

[Samof94]

Such a benighted country.

El Salvador is one of those places that desperately needs to be "lifted from misery to poverty" like Aristide used to say about Haiti, and making technoutopian computer nerd monopoly money legal tender in a country with lower internet penetration than Bhutan and Swaziland is not the way to do it.

It has a rather high crime rate on top of that.

[World politics is up Schmitt creek]

Such a benighted country.

El Salvador is one of those places that desperately needs to be "lifted from misery to poverty" like Aristide used to say about Haiti, and making technoutopian computer nerd monopoly money legal tender in a country with lower internet penetration than Bhutan and Swaziland is not the way to do it.

It has a rather high crime rate on top of that.

Yes, in the same way that it tends to be a bit hotter and brighter out in Riyadh than most people would prefer. And one can only imagine what, again, making deep web nerd money legal tender will do to that crime rate.

[Samof94]

Such a benighted country.

El Salvador is one of those places that desperately needs to be "lifted from misery to poverty" like Aristide used to say about Haiti, and making technoutopian computer nerd monopoly money legal tender in a country with lower internet penetration than Bhutan and Swaziland is not the way to do it.

It has a rather high crime rate on top of that.

Yes, in the same way that it tends to be a bit hotter and brighter out in Riyadh than most people would prefer. And one can only imagine what, again, making deep web nerd money legal tender will do to that crime rate.

Indeed. That just seems like something easily corruptible.