Quote from: ranochigo on May 29, 2025, 09:08:58 AM

A lot of Bitcoiners actually don't understand what's going on and paints IMF in a bad light. Now, El Salvador needs loans from IMF and that is the core issue. They have the rights to dictate what the country should do with the funds. It's perfectly normal for them to be able to dictate what should be done with the money and what shouldn't.

Primarily, IMF's goal is to help countries through financial aids and loans. To do so, the country themselves must be able to implement sound policy to achieve long-term and sustainable growth. Agree to the terms if you want their aid, if you don't want to agree to theirs, then there is no good reason why you should kick up a fuss when they refuse to commit to the loans.

That’s a logical point of view, and indeed if a country asks for financial aid, it should be ready to follow the conditions set by the lender. The IMF is not a charity organization, and they want to make sure the money isn’t simply "burned," but goes towards reforms and stabilization.
On the other hand, it’s strange that the IMF demonizes BTC so aggressively, while other assets like gold don’t cause such a reaction. If a country wants to hold part of its reserves in BTC that’s also a form of diversification. Especially considering that many countries have lost trust in the dollar as the sole reserve asset.
Maybe it’s not just about economics, but also geopolitics? Because Bitcoin is something that isn’t controlled by traditional institutions, and that scares them.