Topic: Dollar supporters destroy Bitcoin ATM in El Salvador - page 5. (Read 793 times)

It's common in third world countries to have people willing to follow any political agenda if they are paid for it. They are similar to mercenaries and sell their "labor" really cheap to participate in protests and join in vandalism acts. In the end they are protesting for something they don't know very well the reason why, although they really don't care, because what matters is that they are earning some pennies. Some people say these are consequences of misery and poverty in human behavior.

I agree with the theory which says the hidden entity behind these movements are the banks which will lose transactions' taxes when people start sending money from foreigner countries to El Salvador through Bitcoin. We are talking about 20% of the Gross Domestic Product (GDP) of the country that is result from remittances which have been heavily taxed by the banks along the years. Imagine how these guys must be angry over Bitcoin adoption right now.

It shows the hidden businesses with fiat. These people doesn't look like the one who is really affected by the increasing usage of cryptocurrency. These marchers are driven by some hidden entity. Maybe someday this will change when the people working for the dollar enthusiasts understand that they're under someone's control for their benefiting.

In my country when a bitcoin ATM got installed, the government itself came forward and removed it. This is the stand of the government. Here things are entirely different as the government is supportive and has legalized its usage.

We can't deny that many rich people are getting rich by controlling fiat money or dollars that they could produce anytime, bitcoin spreading all around the world and getting it's hype should be threaten for them, probably the people who burn the ATM is not their own will but people ask them to do it.
As a crypto supporter we should keep being positive about anything happen with cryptocurrency and keep fighting with them who don't agree with cryptocurrency because they can no more controlling money if crypto is used worldwide

I think these are people who are not open minded to adopt the revolutionary digital financing and still stick to a fixed price value of fiat currency. I couldn't say that these people are not being oriented or educated by the another way of financial aspects in their country but their acts was too much to tolerate by the law of El Salvador government. But giving the benefit of the doubt to the conspiracy theories this will be one of the biggest influence why people are being so aggressive with the new law in their country.

Conspiracy theorists said that the government of Bukele is getting the data of the people by making people sign up under the Chivo app. It could be that these people who destroyed the BItcoin ATM are also Bitcoin users but are very underground like they don't want the government collecting their KYC.

Caught in the middle I guess when they prevent KYC while also want the adoption of BTC in the country.

I still don't understand why they don't like it, and they destroy it, is this really what people think.
It may be a bit harsh, but to me, those are actions that go against human development.
If we all think and act like this, I think we live in hell. But there are many conspiracy theories I've heard about wanting to control the market in some way, and this is also one of the things they do to control it.

Yes, and those who burn the ATM machine should be dealt with the hands of the law.

Not only did they burnt the ATM machines, but nearby furniture shops as well. So that's arson already. As far as the protesters though, not sure if it has something to do with USD or some entities are behind to crypto chaos since the country has legalised Bitcoin (there could be some politics behinds).

the point is that because there is a value difference between the US dollar in the US vs elsalvador. . elsalvadorians fear that the arbitrage ability now possible between us-elsalv may actually make the dollar cost of good in elsalvador become much higher

take a couple examples
US mainland
Loaf of Fresh White Bread (500g)    2.74 $
Rice (white), (1kg)    3.98 $    

el salvador
Loaf of Fresh White Bread (500g)    1.58 $
Rice (white), (1kg)    1.35 $

imagine if bitcoin causes el salvador to have to put up its USD prices of bread to become 1.74x
imagine if bitcoin causes el salvador to have to put up its USD prices of rice to become 2.95x

yes elsalvador can just avoid using bitcoin. but that does not stop the exchange rate between mainland and el salv from flipping where the price of goods suddenly inflate in USD prices

another small group hated it because they were promised $30. but by the time they went to exchanges(atms) to cash out. they didnt get $30, so felt ripped off and lied to about a 'promise' told to them by government

This aggression makes no sense. Either a sign of organised attack or simply people being utterly destructive for not much of a reason. Even if they feel attacked by the new approach it is not something to be dealt with in this manner.

The other bit is to find out if it was done because they were USD supporters or for other reason.

Most likely it was planned by banks, paid supporters of the US dollar, I think it's a joke.

Banks for obvious reason can't do much about bitcoin now so they are using other mechanisms to get rid of Bitcoin but it isn't going to work, Cryptocurrencies are now widespread and there should be at least 50% of the total people that use banks also use bitcoin in some way or another and seeing this number rise is their fear.

It's all because how the media portrays bitcoin or other crypto currencies. Their people now thinks that the government officials are now going to use bitcoin to launder money and engage in corruption. If only those "dollar"/fiat currency supporters knew how bitcoin worked, I bet they would be more than happy to allow the integration of bitcoin. Their people who supports bitcoin should start preaching how bitcoin can be used against their government to stop them from any sort of financial corruption. Lets see how it all ends up  after a few month.

If there really was some USD lobby, they wouldn't order someone to destroy Bitcoin ATMs, they would just target all the centralized exchanges or imposed sanctions or other hard measures on El Salvador.

These people are against Bitcoin because they are against Bukele, they accuse him of corruption and believe that Bitcoin will be used for his corrupt deeds.

I agree that something must be done but it needs to be done correctly otherwise those that are destroying bitcoin ATMs are going to claim they are being prosecuted unfairly, however I think we all know what is really going on, those people are being paid to do this, even if bitcoin is now legal tender if there is a store that says to you they do not accept bitcoin no one is going to force them, similar to what happens with credit cards which many stores still do not accept, so it is obvious this is not about this and those at the top are worried that everything is marching so smoothly at El Salvador.

So sad, they don't know what they've done...

they must have been indoctrinated by the 'Bitcoin is a bad thing' mindset. I hope they can be held responsible for the vandalism they did because bitcoin is good for the future of the country of El Salvador.

As i said in another thread, here is the kind of people protesting "against Bitcoin" in El Salvador:



Her argument? "There is no price fixing".

The cap she is wearing is important, it is the symbol of the current ruling power in Venezuela. You know, THE people who made the current world's worst fiat. So she wants the same thing in El Salvador, a coin that has lost 14 zeroes in 13 years, a coin that had its price "fixed" by decree in 2004 (a peg), to 1600 Bs per USD. Today, even with the USD losing value, you need 402036337000 per USD, but because they slashed 3 zeroes in 2008, and 5 zeroes in 2018, it is currently expressed as 4020363.37. BUT, next month they slashed 6 zeroes so it would be 4, more likely 5 by October. How long until they slash zeroes again? I give it a year at most. They think they have "defeated capitalism" and won with the infinite money making machine...

Who is exactly Arena and FMLN? The traditional parties that have ensured eternal poverty in El Salvador? The first calls themselves "Nationalist Republic" a "right wing" party founded by a General in 1981, the second is a joint of "left wing" communist and socialist parties typical of the of the 20th century.

And BOTH are marching against Bitcoin, but only because the current president is independent of these two. They probably don't know and don't care about Bitcoin, just that Bukele won the popular vote and now they "claim" that people don't want Bitcoin. Is it any surprise that those would resort to violence? That says A LOT of the kind of people this opposition is.

Opposition to freedom, from the very same State they claim is imposing on them, how ironic, it is because they don't REALLY know Bitcoin.

I don't care about Bukele but attacking Bitcoin is absolute ignorance or worse, people getting manipulated for the ulterior motive of them trying to regain power. Hopefully the vast majority knows the truth.

Why? Just why? Why do people think that 5G networks are created in order to manage them, why do people think that vaccines are created in order to kill the population, why do people think that America (for example) want to abandon small countries, ruin their culture and deprive nations? Why, why people have these kind of thoughts?

Guys, you know what's the problem here? Education!!! People prefer centralized system over decentralized and better one and destroy good version. Governments print money, take loans from us that we have to pay. Imagine, someone takes loan from you and you cover that loan, hilarious and people destroy bitcoin ATMs, why? Is this a devil thing? Just why? My answer is - lack of education!

they are just exaggerrating...  furious that bitcoin could destroy their future with its high risk and volatile one.
i agree that you could simply stay away if you are not really into bitcoin,  but those acts are too much.
they have got losing control and irrational.

just look who will smiling in the end. bitcoin is the future, not the other ways around.

They're using the US dollar though; not a separate local currency. If anything, the bitcoin adoption in El Salvador won't even make a dent in USD's value because of how liquid it is.

Don't think this got enough attention. This isn't about bitcoin, this is about fundamental concerns in what is considered a failed state. Obviously Bitcoin ATMs are not what is needed there.

"They accuse the president of using authoritarian means to tighten his grip on power.

Mr Bukele has moved to cement control over the judiciary which recently cleared him to run for office for a second successive term despite constitutional limits.

"It's important to say this morning: Enough already! What the government is doing is arrogant, it is authoritarianism," protester Dora Rivera told Reuters news agency."

https://www.bbc.co.uk/news/world-latin-america-58579415

These people are just morons. Why would someone destroy a Bitcoin ATM when there is no reason to take such action? If you don't like Bitcoin, then show it in a decent way. Bitcoin ATMs mean no harm for you. They are just staying there. It is your choice to use it or not. There is no need to act like a barbarian. I hope that these morons can be punished for this action.