You know the government of any country is desperate to buy votes when they come up with schemes like this.
Nayib Bukele won the last election by a landslide, carrying all 14 states with a 22 point lead, and the next election isn't for another 3 years. If this is him trying to buy votes then he is doing a terrible job of it.
basically the government is saying they are too incompetent to oversee a properly functioning banking system (or at least regulate normal banks sufficiently) and substituting it with a highly volatile asset instead.
El Salvador does not have their own currency to oversee. They use USD, which they have no control over.
Bitcoin simply doesn't have the capacity to facilitate regular day to day transaction usage that a country needs if it is to rival a normal banking system.
Of course it does. This is exactly the use case for Lightning.
They would have been much wiser if they created a new currency on the scale of Dogecoin (126 billion originally) or Ethereum that has the ability to issue more tokens as supply requires.
A centralized, inflationary, government controlled, currency? And how is that any different to just using fiat?