The United States is famous for being wary about intervening in El Salvador.https://twitter.com/CoinDesk/status/1402015867244789760 …
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If it were Reagan: there would be a coup.
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It's "legal tender" - what a sovereign country accepts for that countries debt is up to them . They aren't adopting it as an official currency
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Several nation states use the US dollar as currency. One controls it. Liberia, Panama, and Ecuador have given up control of their currency and the seigniorage and send us goods and services in exchange for pieces of paper.
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Agree! The US has done & will do whatever it wants in the hemisphere. Legally or via back door channels. It’s an imperial power & bully. The level of innocence about American interventions around the world to protect its capitalist interests is galling. Do ppl study US history?
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Bitcoin facilitates crime and is bad for the environment. It solves no problem other than "How can we make this illegal transaction without being caught by police". It can and should be outlawed by every nation that doesn't want to be a gangster state.
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Currency, like everything else, is ultimately enforced by state power
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Other than the CIA, can you see any gov't agency or any of the branches embracing crypto- anything? Instead of blockchain, there would be red tape chain. That is the most likely scenario of gov't recognition of cryptostuff other than taxing bitcoin investors
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The whole thing boils down to U.S. dollar reserve currency status and the absolute imperative that it be protected, strictly from a cost-of-living perspective. At the same time, our “Warfare State” goes a long way to support this particular “empire hedge”…
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I think Bitcoin's greatest vulnerability is that it's become the currency of choice for criminals, because it's unregulated and untraceable. I expect governments will eventually launch their own cryptocurrencies and ban unregulated ones.
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