this post was submitted on 18 Mar 2024
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  • El Salvador will continue buying 1 Bitcoin daily until it becomes unaffordable with fiat currencies
  • President Bukele's statement highlights commitment to cryptocurrency adoption
  • Move demonstrates belief in Bitcoin's long-term value and potential as a global currency alternative.
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[–] Mubelotix@jlai.lu 0 points 8 months ago (12 children)

That number is protected the same way gold is. Reminds me you americans stole us 1000 tons of gold during ww2

[–] Buttons@programming.dev 2 points 8 months ago (9 children)

That's my point. If a country really did build up enough Bitcoin it became a world power, those Bitcoin would probably be stolen. If it can happen to gold, it can happen to Bitcoin even easier.

[–] NotMyOldRedditName@lemmy.world 3 points 8 months ago* (last edited 8 months ago) (2 children)

It's ability to be stolen really comes down to was the password to it ever written down or did they not use a password.

If they didn't write it down, you could conceivably keep it safe from theft as long as the people that know the password don't give it up if tortured.

Also breaking it up into multiple wallets with different passwords that not everyone knows would limit a complete theft.

Edit: in the scenario where it can't be stolen, killing everyone that knows the password would still leave the country with nothing though.

[–] dutchkimble@lemy.lol 2 points 8 months ago

I think they should do something dramatic like having a room where the NOC List was stored, but with an air vent on the door instead of the ceiling.

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