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Pinboard

@Pinboard

The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

Lonely street of broken dreams
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    1. Pinboard‏ @Pinboard Jun 6

      Pinboard Retweeted Kris Sidial

      Super interesting thread on another aspect of Bitcoin. Piggybacking on the scam might be a high risk/high reward path out of debt for highly indebted countrieshttps://twitter.com/Ksidiii/status/1401562738707607552 …

      Pinboard added,

      Kris Sidial @Ksidiii
      So, as everyone now knows. El Salvador becomes the first to truly embrace bitcoin. I want to touch on a few ways I’m viewing this. Without being too specific in order to avoid “investment advice” issues...or having the sell side guys that follow me steal risk arb ideas to pitch😂 https://twitter.com/nayibbukele/status/1401391067350581248 …
      Show this thread
      3 replies 10 retweets 27 likes
    2. Nandissa‏ @Nandissa1 Jun 6
      Replying to @Pinboard

      Am I missing something? All I can see relating to El Salvador is "accepting as legal tender" which is irrelevant because no one is using it as currency. It's not like they're YOLOing the national treasury into bitcoin.

      1 reply 0 retweets 0 likes
      Pinboard‏ @Pinboard Jun 6
      Replying to @Nandissa1

      I think the point is that this move ties Salvadorean bond prices to BTC

      10:35 AM - 6 Jun 2021
      1 reply 0 retweets 0 likes
        1. Nandissa‏ @Nandissa1 Jun 6
          Replying to @Pinboard

          How would it do that? Unless the Salvadorean government has a bunch of BTC there's no reason the price would correlate, and they're not giving up USD as the official currency so no one will be pricing in BTC either.

          0 replies 0 retweets 0 likes
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