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Sep 6, 2021 • 5 tweets • 3 min read
(1/5) I'm really concerned about this "buy $30 of #bitcoin" on 7th September idea for #ElSalvador. Sentiment is bang on, but the practical effects are likely to be the opposite intended. (thread 👇) @MatiGreenspan@mattysats@QE4Everyone
(2/5) Only the $30 voucher is issued from 7th, later converted to #bitcoin by citizens using the government app Chivo, which not everyone has yet. Increasing the price (if even achievable) will simply reduces the amount of #bitcoin each citizen gets as they gradually move over.