Understand the implications of Bitcoin's downfall in El Salvador. Learn about the failed economic bet and its impact on the country's financial stability.
The experiment was whether or not they could be independent monetarily. Not whether or not blockchain works. But whether, in actual practice, if it could provide the monetary independence some people claim it has the power to do.
Outside influences were strong enough to overwhelm Bitcoin adoption and it succumbed to those outside influences. As an experiment seeking to test whether or not Bitcoin could resist these influences it failed.
This is how experimentation works. Now you can tweak your experiment and try again, but acting like failing at the exact thing you were trying to accomplish is somehow not an experimental failure is just delusional.
They were trying to break free using Bitcoin. It seemingly worked quite well so they were forced to stop doing it. The article title is misleading in the sense that the failure isn’t from Bitcoin (quite the contrary).
You don’t even have to be pro bitcoin to see this as something bad, but feel free to keep supporting such propaganda and external influence of politics. I’m sure it really benefits you
https://i.imgflip.com/9j0u6j.jpg
Again, for the people in the back:
The experiment was whether or not they could be independent monetarily. Not whether or not blockchain works. But whether, in actual practice, if it could provide the monetary independence some people claim it has the power to do.
Outside influences were strong enough to overwhelm Bitcoin adoption and it succumbed to those outside influences. As an experiment seeking to test whether or not Bitcoin could resist these influences it failed.
This is how experimentation works. Now you can tweak your experiment and try again, but acting like failing at the exact thing you were trying to accomplish is somehow not an experimental failure is just delusional.
You can argue semantics all you want
They were trying to break free using Bitcoin. It seemingly worked quite well so they were forced to stop doing it. The article title is misleading in the sense that the failure isn’t from Bitcoin (quite the contrary).
You don’t even have to be pro bitcoin to see this as something bad, but feel free to keep supporting such propaganda and external influence of politics. I’m sure it really benefits you