On El Salvador, I have asked this before, however, I have not gotten an answer. Would it not be more advantageous for El Salvador if they used Jack Mallers' original plan for Strike of using Tether USDT as the currency and bitcoin's network as the medium of transport? I reckon Bukele would have the advantages of the dollar without owning a Federal Reserve money printer hehehe.
Time will tell. Using Bitcoin was a
great advertising for El Salvador. If Bitcoin price will go again over the roof, El Salvador can even sell and get some of their problems fixed, or at least boast their performance (it would mean a couple of % of their GDP).
It is a gamble and Bukele is a high roller. But the history shows that those who did bet on Bitcoin were winning and there's a very good chance Bukele will win too.
By the way, if this is true and by the end of September, we begin to see large trades in cryptocurrencies, then I personally see another legal tender coming, this time, not bitcoin alone, but for cryptocurrencies - top ones.
Nope. Ethereum with the move for PoS is downgraded to security, no longer safe. Most of the other coins are either centralized, either too small to matter for now.
Whenever a country moves in the direction of freedom it is a good thing, Bitcoin is financial freedom for everyone.
I can assure you that the government of Iran has no interest in giving its people any kind of freedom.
Exactly. These countries are going for Bitcoin because it's unstoppable and it helps them avoid sanctions, not because they are interested in freedom.
Even more, in Iran Bitcoin can be used only to import from abroad, not for the population.