@jeffw to politics • 4 months agoDonald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithfulwww.wired.comexternal-linkmessage-square36arrow-up1168arrow-down110
arrow-up1158arrow-down1external-linkDonald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithfulwww.wired.com@jeffw to politics • 4 months agomessage-square36
minus-square@just_another_personlink3•4 months agoStagnant economy, and global trade down as GDP is also reducing: https://www.reuters.com/technology/short-cash-el-salvador-doubles-down-bitcoin-dream-2024-02-02/ Bitcoin solves no problems here. Same issues as any currency. Regular people say the “crypto dream” doesn’t work as advertised: https://www.reddit.com/r/Bitcoin/comments/17otops/just_got_back_from_el_salvador_thoughts_on_bitcoin/ Every dip in the market destroys net worth: https://www.npr.org/2022/06/19/1106168947/what-the-crypto-collapse-means-for-el-salvadors-economy
Stagnant economy, and global trade down as GDP is also reducing: https://www.reuters.com/technology/short-cash-el-salvador-doubles-down-bitcoin-dream-2024-02-02/
Bitcoin solves no problems here. Same issues as any currency.
Regular people say the “crypto dream” doesn’t work as advertised:
https://www.reddit.com/r/Bitcoin/comments/17otops/just_got_back_from_el_salvador_thoughts_on_bitcoin/
Every dip in the market destroys net worth:
https://www.npr.org/2022/06/19/1106168947/what-the-crypto-collapse-means-for-el-salvadors-economy