World News

33074 readers

742 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 5 years ago

MODERATORS

[email protected]

472

El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment (ticotimes.net)

submitted 4 days ago by [email protected] to c/[email protected]

91 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 6 points 4 days ago (1 children)

Nothing backs US currency?

I’d argue the US military backs the US dollar.

[–] [email protected] 4 points 4 days ago

Violence based currencies are not sustainable in the long term. That's why the petrol-dollar has been steadily decreasing in global reserves. It's why the IMF has to outlaw bitcoin instead of competing with it.