Thread by @JWWeatherman_

It appears that El Salvador is going to make #Bitcoin “Legal Tender”

I believe this means three things:

1. No taxes on bitcoin.
2. They are going to hold it as a reserve.
3. They are going to encourage adoption.

If this is true this will have profound impact…

On the lives of millions and f people. The US has had a policy of “containment” since 1823:

en.m.wikipedia.org/wiki/Monroe_Do…

The motivation was ostensibly to prevent any foreign nation from having undue influence on the security of the US by preventing “colonialization”

But…

The practical reality is that to keep South America from being influential upon the USA the USA had to keep SA poor.

For a long period this made SA countries turn to the only other alternative world power and thus meant “communism.”

This further motivated the US to …

Remove leaders and install governments that were friendly to US interests aka “puppet governments.”

An obvious side effect of this has been unspeakable poverty for millions of normal people.

Now you can take a child’s view of the situation and say the USA is simply evil…

However that’s ignoring the fact that since the establishment of the nation state all countries are at economic war with all other countries all the time…

en.m.wikipedia.org/wiki/Mercantil…

Communism was a serious threat. Maybe not to the US existence, but certainly to US prosperity.

Oil resources and trade not benefiting the US would empower other nations that could use that new power to further reduce the US access to resources.

…

This is most easily seen with central banking. If a country is not holding US dollars they make them less valuable. If they hold RMB instead they hit the US twice by reducing the purchasing power of USD and funding it’s enemies.

But everything changed with #Bitcoin …

Now there is a neutral alternative. Yes, by moving away from USD you reduce its purchasing power, but you are no longer forced to empower an enemy government.

Instead you can refund the system itself and replace it with a peaceful, independent, alternative.

…

This is a truly historic event. The first country is now choosing to opt out of a system that inherently makes us enemies.

If many of us are correct this will so significantly defund corrupt government inside El Salvador and remove the incentive of foreign powers…

To have influence upon the people and the resources the country occupies that it will change the very nature of human interaction.

Taxation itself may prove to be unprofitable in El Salvador next. Instead the government will be more profitable by providing “opt in services.”

…

And this changes the nature of government from a predator into a services provider.

It’s unclear if this will happen, but we are about to find out together.

And if it does it seems likely there will be an incredible explosion in wealth, prosperity and God willing peace.

(End)