Various premises of the article in regards to failure of the bitcoin implementation in El Salvador and suggestions that Tether is buying a country .. are just nonsense... premature to suggest failure of the bitcoin implementation (though a wet dream for the scaredy cat status quo bankers), and for sure there are going to be implementation issues.
Maybe some things are a little overemphasized, but I am always in favor of a critical approach to things, rather than accepting anything that is served by the mainstream media. If you've read some of my posts about some claiming that Bitcoin is failing in El Salvador, then you know I think it's complete nonsense - less than a year has passed since Bitcoin was a legal tender in that country, with the fact that The US dollar in that same role for over 20 years.
For some reason, I had not realized that Bukele had been in discussions with Cardano folks in late 2020 and into early 2021... .. Holy fucking shit, that would have been a disaster if he would have gone with pumping up that scam pyramid scheme Cardano bullshit....... part of the ethereum scam has persisted so long because so many corrupt status quo folks are pumping money into it so they can print their own money and make all kinds of free money.. so makes the crap live longer when it should just die from its own multiple house of card smoke and screen rube goldberg apparatuses.. so in some sense, the failure of the Cardano negotiations in early 2021 show Bukele to at least not susceptible to that kind of pumping some bags of scammers nonsense.
Few people know about these negotiations, and it's not that the media is too interested in it - I wonder if anyone ever mentioned on the forum that it happened. I don’t visit altcoins boards so I can’t say with certainty that’s not the case. It seems to me that Bukele accepted the proposal that promised him more (in every sense), and it is indisputable that the guys from the Tether team are much stronger players in financial terms.
Regarding how bitcoin has been implemented in El Salvador, we are lucky as fuck that there has been so much bitcoin focus within both how Bukele talks about the matter and he seems to have stayed true to his word.. and has not even come up with his own coin, yet (remember Miami coin?) .. and there seem to be quite a few instances in which Bukele has been rejecting various shitcoin propositions and/or other scammers.. remember when child star scammer Brock Pierce tried to get in on the early implementations, and so many true bitcoiners pointed out that Brock was an opportunist scammer.. so Bukele seemed to recognize/appreciate that information, too.. and did not allow Brock to get into his inner circles.. ... so in quite a few ways, Bukele seems to be very aware of the difference between bitcoin and various shitcoins..
Bukele may not be 100% honest and sincere (like most politicians), but he is certainly not stupid to get into a game with a lower-level scammer or go to a one-way street called
"El Salvador Coin". It's not problem (for me personally) that he accepted Bitcoin, but what's behind it all - because the people who worked to convince him that Bitocin is something better than altcoins are not the ones who believe in Bitcoin.
Could you imagine how much of a shitshow we would have had if Bukele did not have that level of bitcoin focus and conviction within his implementations.. and he would have been more of an "all coins are equal" cryptocurrency maximalist.. and foggy-ass ambiguous and muddled thinking like that? By the way, Tether is not a shitcoin in the same light as various other shitcoins.. even though there are so many tendencies to throw Tether in the mix of supposed corruption.. blah blah blah nonsense..
Maybe Bukele would be more liked by the powers that be (especially the bankers) if he was into foggy thinking about equal opportunity all cryptos are alike and shitcoins.. hahahaha.
Tether is by definition stablecoin, but a lot of things are very non-transparent behind the company that created it, and which at one point publicly admitted that only 70% of USDT in the market is not backed with USD. The other 30% were reportedly backed up with something else, although they did not say exactly what. I’ve said before that stablecoins are the real Trojan horse that governments have when it comes to Bitcoin - given that most stablecoins can be frozen even in non-custodial wallets. If the Terra / Luna fiasco had a very negative effect on the crypto market, what would happen if one day serious investigations were launched against Bitfinex?