President Buchere leads EL Salvador; BM covers related BTC news & analysis.

Ultimately, all changes except the last one are positive. I believe that legal tender laws are ultimately coercive and should not exist; Chivo is a glitch and there are alternatives such as Blink. The only downside (perhaps) is that the government no longer accepts bitcoins for tax purposes.

People are freaking out on Twitter about this change, describing it as if Bukele has sold out and revealed that he is not a bitcoiner. A lot of people feel cheated and betrayed. Well, let’s sound the alarm. Mr. Boukere didn’t set out to make #bitcoin propaganda his main focus. He’s the leader of a country of about six million people. It should have always been his top priority. Otherwise, he would have been a terrible leader. El Salvador is a country plagued by poverty and, previously, by violent organized crime. It was the murder capital of the world. Infrastructure was crumbling and dysfunctional, and people had to pay protection money to gangs like MS-13 to participate in the economy. Huge numbers of citizens emigrated overseas to escape the situation. Bitcoin for Booker is just a tool to solve these problems. For the leader of the country, it should be everything. The reason Bukere is in power is not to fill our bags or promote bitcoin, but to help the Salvadoran people. when bitcoin is not the best way, he must recognize that. When it is in the interest of the people to de-prioritize bitcoin, he should do so. Whatever he thinks of the government or the state, that is the job of a leader. To look out for the interests of the people. That is exactly what he is doing, and anyone who expects him to do otherwise is deluded and narcissistic. Bukere is not the president of Bitcoin, he is the president of El Salvador. He has a responsibility to the Salvadoran people, not to a bunch of clowns on the internet. Read us at: Compass Investments #news #CryptoAdoption #CryptoUpdates #CryptoNews