this post was submitted on 02 Feb 2025
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Asklemmy
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It seems to work like the stock market. I lost faith when it when up and down 10s of thousands of dollars in a few days that doesn't mean that it isn't worth the risk if you are going to lose everything anyway.
Oh yeah I definitely believe more in Crypto and even Bitcoin than the mythical USD printer. But most Lemmings hate it with a passion because it consumes electricity. Same with AI.
Ah well let's hope no one ever need it then. El salvador just got bought out of using bit coin. Guess someone Is afraid of how useful it is.
They got bribed by the IMF for 1.4 Billion dollars to change back to USD.
https://www.reuters.com/world/americas/lawmakers-el-salvador-rush-new-bitcoin-reform-after-imf-deal-2025-01-30/
That's what I mean by afraid.
Oh yes I misread your comment. Indeed you are correct.