El Salvador's bitcoin gamble draws crypto-tourists but angers locals

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El Salvador’s president has outlandish plans for a bitcoin economy, including a tax-free Bitcoin City powered by volcanic energy, but locals are still sceptical of the cryptocurrency.

“Fifty cents for a pupusa,” says Carolina Reyes, a food vendor in El Palmarcito, El Salvador, as she throws the cornmeal pancakes on the grill. “Bitcoin or cash?”

A growing number of Reyes’s customers are transferring cryptocurrency into her digital wallet rather than handing over bills. “Americans, French, Canadians, they’re all paying in bitcoin for my pupusas,” she says.Continue reading

 

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Isn’t bitcoin a bit like designer goods in that is someone produces to much of it it looses its value

The Grift is strong with this one...

The only sane president that actually cares about enriching his country’s citizens instead of inflating their savings away in this increasingly clown and authoritarian world

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