I wonder why that seem dangerous to me?
Especially the guy in the back.. directly in the back.
Is the font changed or what? Why the forum looks weird to me.
Too many drugs in the 60s, perhaps?
I posted this link in some thread a couple of months ago, but I don't think anyone commented on it. It’s interesting to go a little through the history of how Bitcoin became a legal tender in El Salvador with the help of the guys from Tether, and how one altcoin lost that battle at the end of the race.
The crew doing the Bitcoin Bonds has been living it up in El Salvador, to great attention from the local press — people from iFinex, Samson Mow, Simon Dixon from BnkToTheFuture, and RT broadcaster and Bitcoin maximalist Max Keiser and his wife Stacy Herbert. [Elsalvador.com, in Spanish]
Max Keiser had suggested Bitcoin bonds to the government way back in June 2021. [El Faro, in Spanish]
Mow, Keiser and Herbert took a military helicopter, piloted by an El Salvador Air Force captain, to La Unión, the alleged future site of Bitcoin City. It doesn’t get much more libertarian than that. The local press coverage was not positive concerning the private partying on public funds. [Elsalvador.com, in Spanish]
Bukele brought companies in to work on the Bitcoin project based on whether they were politically reliable — without paying too much attention to competence.
The companies were mostly friends of Bukele’s long-standing “shadow cabinet,” who are associated with the Venezuelan opposition to Nicolás Maduro. Shadow cabinet leader Sara Hanna has advised Bukele since he was the mayor of Nuevo Cuscatlán, around 2012 to 2015. [El Faro, in Spanish; El Faro, in Spanish]
Hanna and cryptocurrency promoter Lorenzo Rey designed the Chivo network. Rey promoted the Dash altcoin for payments and remittances in Venezuela — though a lot of the Venezuelan merchants listed as accepting Dash couldn’t be verified as … existing at all. [George Donnelly]
A team from Cardano came to El Salvador in early 2020 to promote their minor altcoin ADA as a possible legal tender crypto, and negotiated up to mid-2021. Apparently, negotiations failed just a few weeks before Bukele’s big announcement about Bitcoin in June 2021 — and the whole project was scrapped.
https://davidgerard.co.uk/blockchain/2022/02/26/el-salvador-bitcoin-tether-buys-itself-a-country-and-why-chivo-sucks/Various premises of the article in regards to failure of the bitcoin implementation in El Salvador and suggestions that Tether is buying a country .. are just nonsense... premature to suggest failure of the bitcoin implementation (though a wet dream for the scaredy cat status quo bankers), and for sure there are going to be implementation issues.
For some reason, I had not realized that Bukele had been in discussions with Cardano folks in late 2020 and into early 2021... .. Holy fucking shit, that would have been a disaster if he would have gone with pumping up that scam pyramid scheme Cardano bullshit....... part of the ethereum scam has persisted so long because so many corrupt status quo folks are pumping money into it so they can print their own money and make all kinds of free money.. so makes the crap live longer when it should just die from its own multiple house of card smoke and screen rube goldberg apparatuses.. so in some sense, the failure of the Cardano negotiations in early 2021 show Bukele to at least not susceptible to that kind of pumping some bags of scammers nonsense.
Regarding how bitcoin has been implemented in El Salvador, we are lucky as fuck that there has been so much bitcoin focus within both how Bukele talks about the matter and he seems to have stayed true to his word.. and has not even come up with his own coin, yet (remember Miami coin?) .. and there seem to be quite a few instances in which Bukele has been rejecting various shitcoin propositions and/or other scammers.. remember when child star scammer Brock Pierce tried to get in on the early implementations, and so many true bitcoiners pointed out that Brock was an opportunist scammer.. so Bukele seemed to recognize/appreciate that information, too.. and did not allow Brock to get into his inner circles.. ... so in quite a few ways, Bukele seems to be very aware of the difference between bitcoin and various shitcoins..
Could you imagine how much of a shitshow we would have had if Bukele did not have that level of bitcoin focus and conviction within his implementations.. and he would have been more of an "all coins are equal" cryptocurrency maximalist.. and foggy-ass ambiguous and muddled thinking like that? By the way, Tether is not a shitcoin in the same light as various other shitcoins.. even though there are so many tendencies to throw Tether in the mix of supposed corruption.. blah blah blah nonsense..
Maybe Bukele would be more liked by the powers that be (especially the bankers) if he was into foggy thinking about equal opportunity all cryptos are alike and shitcoins.. hahahaha.
Should could be some chop today for BTC
Define "chop"
Below $28,500?
Below $27,000?
Below $25,401?
or something else?
Personally, I might start to pay attention if there is under $28,500.. but I would have some difficulties worrying without going below $27k.. and gosh getting down to $25,401 would make me a bit more worried.. even though not completely out of expectations.. but seeming a bit too bearish to happen so soon without something more dramatic .. like another Luna/Terra/Do Kwon level dump.. or some other bigger macro news.. of course, there remain concerns about bottoms falling out of various equities because of Fed interest rate policies.. so surely some of that could go negative and then pull on king daddy.. or maybe some other shitcoin explodes.. i suppose that could contribute towards dragging us into sub $25,401 BTC prices too..