Frederick Bott
Jan 26, 2022

--

There is an elephant in the room, that you didn't mention, El Salvador.
With their "volcano bond" ambitions, they appear to be promising 100% of the current value of Bitcoin to the purchasers of bonds.
That can't be good, surely.
Personally I don't believe they will be able to deliver, so the bond scheme has to end in tears for those naive enough to buy the ill fated bonds, but it is obviously against the spirit of Bitcoin, so will probably affect the coin value until the bond scheme blows up.
As said, I don't own any Bitcoin but I do believe it has a very special place in a post capital future (The Kardashev Hinge)
It isn't being taken over by a government. Not El Salvador, China, the US, or any other.

--

--

Frederick Bott
Frederick Bott

No responses yet