Quote from: Fortify on June 29, 2021, 07:35:40 PM

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.

Quote from: Fortify on June 29, 2021, 07:35:40 PM

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.

Quote from: Fortify on June 29, 2021, 07:35:40 PM

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.

Quote from: Fortify on June 29, 2021, 07:35:40 PM

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?