this post was submitted on 18 Mar 2024
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276
El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC 'Becomes Unaffordable' With Fiat Currencies, Says President Bukele – Featured Bitcoin News (news.bitcoin.com)
submitted 8 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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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 2 points 8 months ago (1 children)

Sure but it's easy to secure cryptophic keys. Way easier than securing 1000 moving tons of gold

[–] Buttons@programming.dev 1 points 8 months ago* (last edited 8 months ago) (1 children)

Is it? Like, when any one of the people with access to the key has a standing offer of 1 billion dollars and a life a luxury in another country, are you sure none of them will take the offer? What about when their families are threatened? What about when they get kidnapped and hit with a wrench?

I'm just saying, if we're talking about so much Bitcoin that it alone makes a country a world power, that's enough Bitcoin that things have moved beyond law and order and is in the ugly and dangerous realm of war and espionage.

[–] Mubelotix@jlai.lu 1 points 8 months ago (1 children)

That's why we have multisig and timelocks. Bitcoin doesn't lack any security feature tbh

[–] Buttons@programming.dev 1 points 8 months ago

I'm not familiar with those, I'll do some research. How would you explain what those are?