We need to punish the IMF

[Pinemarten]

The IMF messed up El Salvador. They agree with store of value but bladed them for use as currency. Google it yourselves and create battle plans here.

[cryptomaniac_xxx]

The WMF messed up El Salvador. They agree with store of value but bladed them for use as currency. Google it yourselves and create battle plans here.

We are still going to be fine in the long run. Perhaps El Salvador take that huge risk, but then succumb to the pressure of the IMF.

If you want to track their buying spree, you can check this website: https://bitcoin.gob.sv/

The last time they bought is 4 days ago and their current holdings

Code:

BTC Holdings
6,081.18 BTC
$584,553,730

[NotFuzzyWarm]

The WMF messed up El Salvador. They agree with store of value but bladed them for use as currency. Google it yourselves and create battle plans here.

I assume you mean the IMF? If you are going to rail against something, at least get the name right...

Just who is 'We' kemo sabe? I and no doubt many others here are fine with them. They may not be friendly to crypto but they do serve several other needed functions in the global economy.

edit: OP finally corrected the title. 1 point for that at least.  

[headingnorth]

El Salvador took the IMF loan, and immediately used it to buy more bitcoin.

Seems to me the IMF has already been punished and made to look very stupid, by none other than El Salvador itself. 

[NotATether]

El Salvador took the IMF loan, and immediately used it to buy more bitcoin.

Seems to me the IMF has already been punished and made to look very stupid, by none other than El Salvador itself. 

So they're still stacking sats then, but it only means that bitcoin is no longer *officially* legal tender.

Terminology is very important here, because merchants can still receive bitcoin payments, and Bitcoin has not been outlawed in any way.

I don't think we have to do anything to the IMF. They are going to dig their own grave with decisions like this anyway. So just grab some popcorn and watch.

[pooya87]

Battle plans? lol
IMF and other American organizations have been forcing stupid things on many countries for decades. So much so that what they did with El Salvador does not even make the top 100 list.
There is no need for "battle plans" either (I'm not sure what that even means) if dedollarisation spreads more and succeeds all these organizations become relics of the past and they will no longer be able to force such silly things on other countries.

[TheUltraElite]

I dont really with the "battle" stance here, you dont win by battles, you win by influence.

For that you would rather work on getting bitcoin known to the common people, even the local grocery store should be accepting it among others. Then share your findings here on bitcointalk so as to encourage others to do the same.

We as a community should foster this influence of bitcoin and buy bitcoin when the time is right.

[Pinemarten]

" you win by influence " means we paste them all over the interweb. Start by creating as many Wikipedia accounts as you can and spam all the articles you can, including the BLP ones. Eventually mainstream media will publish and many will jump on the 'fix IMF' bandwagon. I have made so much influence in Wikipedia that they range blocked 1/2 the IPs in my city. Reset is in about 2 mos because their range blocks have a time limit.

[Pinemarten]

This bulletin board seems to be far too passive. Responses are Mom's basement crap. Grow some brass and fight for the coin and stop beaking off about the coin will be fine without massive spam warfare.

[Odohu]

Technically, it is IMF that can punish El Salvador and not the other way round because in thus case you are the debtor and a debtor does not punish the creditor unless he will breaching the terms of the loan which is what El Salvador has done. You signed some documents and agreed on some T&C, if you go against it, then you should live with the consequences. 

IMF have been known for destroying economies of nations who follow their instructions.  My country is suffering it now because they followed their recommendation to devalue our currency and that have made majority of the citizens poor and cannot feed. Rumours had it that China did opposite IMF recommendation and that was when their prosperity started.

[krasavinivan]

So what? They will solve the problem.

[Pinemarten]

https://cointelegraph.com/news/imf-el-salvador-no-voluntary-bitcoin-accumulation-public-sector Now the IMF is trying to move the goalposts. Not letting them buy anymore. Elon Musk should just take over the $1.5B IMF loan.

[boyptc]

https://cointelegraph.com/news/imf-el-salvador-no-voluntary-bitcoin-accumulation-public-sector Now the IMF is trying to move the goalposts. Not letting them buy anymore. Elon Musk should just take over the $1.5B IMF loan.

They cannot stop El Salvador and Bukele for doing that. Look at the news that came out, since March they've bought a total of 13 Bitcoins already.

And just recently, they've bought 5 more Bitcoins. So, with IMF telling them to stop, I don't think that they have ears for that.

Good thing that the fund was already released on them and Bukele can do freely whatever they can do with that loan.

--> https://cryptonews.com/news/el-salvador-acquires-additional-6-bitcoins/

[surovichenko]

He's already working on it.

[DediRock]

The IMF’s stance on El Salvador’s Bitcoin adoption is frustrating, but instead of focusing on punishment, it’s more productive to support alternative financial systems that empower people. Decentralization is the real answer.

[GearBrillsGB]

Why would we do that?

[nakitalk]

What should I do?