01-24-2022, 03:58 AM
Sick to see Bukele fan in here.
<!-- SC_OFF --><div class="md"><p>It's been some days i read circle post praising the decision of the president Bukele to buy Bitcoin, and i am sick of it. </p> <p>First of all, Bukele is a dictator who has been using institution to concentrate all power in his own hand : <a href="https://www.economist.com/the-americas/2020/05/07/nayib-bukeles-power-grab-in-el-salvador">https://www.economist.com/the-americas/2020/05/07/nayib-bukeles-power-grab-in-el-salvador</a><br/> <a href="https://www.nytimes.com/2021/11/23/world/americas/el-salvador-bukele-raids.html">https://www.nytimes.com/2021/11/23/world/americas/el-salvador-bukele-raids.html</a> </p> <p>He uses the powers he has concentrated to enrich himself on the backs of Salvadorans. The economic policy that he leads in his country is disconnected from reality and is certainly a vast scam for his own enrichment.</p> <p>Then, 41.6% of the population lives below the poverty line, the country has a Gini coefficient of 0.47. His repeated purchases of bitcoin in a country with limited resources risks plunging the economy into an even worse state than it already is.</p> <p>Finally, we are not talking about an individual investing his money in a risky way, we are talking about a leader betting his country's economy (in short the wealth of his population) in something risky and very volatile.</p> <p>He is most certainly plunging his country into an unprecedented economic crisis: <a href="https://fortune.com/2022/01/19/el-salvador-bitcoin-economy-distressed-debt/">https://fortune.com/2022/01/19/el-salvador-bitcoin-economy-distressed-debt/</a></p> <p>His actions will have real consequences if the country goes into an economic crisis. Unemployment, suicide, poverty and its consequences.</p> <p>So please stop throwing flowers at this guy.</p> <p>Bitcoin was created by crytpo-anarchists who abhor this kind of person. Let's not forget that and let's not glorify dictators who want to use Bitcoin to get rich on the backs of their people.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Noirceuil"> /u/Noirceuil </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sar3kl/sick_to_see_bukele_fan_in_here/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sar3kl/sick_to_see_bukele_fan_in_here/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>It's been some days i read circle post praising the decision of the president Bukele to buy Bitcoin, and i am sick of it. </p> <p>First of all, Bukele is a dictator who has been using institution to concentrate all power in his own hand : <a href="https://www.economist.com/the-americas/2020/05/07/nayib-bukeles-power-grab-in-el-salvador">https://www.economist.com/the-americas/2020/05/07/nayib-bukeles-power-grab-in-el-salvador</a><br/> <a href="https://www.nytimes.com/2021/11/23/world/americas/el-salvador-bukele-raids.html">https://www.nytimes.com/2021/11/23/world/americas/el-salvador-bukele-raids.html</a> </p> <p>He uses the powers he has concentrated to enrich himself on the backs of Salvadorans. The economic policy that he leads in his country is disconnected from reality and is certainly a vast scam for his own enrichment.</p> <p>Then, 41.6% of the population lives below the poverty line, the country has a Gini coefficient of 0.47. His repeated purchases of bitcoin in a country with limited resources risks plunging the economy into an even worse state than it already is.</p> <p>Finally, we are not talking about an individual investing his money in a risky way, we are talking about a leader betting his country's economy (in short the wealth of his population) in something risky and very volatile.</p> <p>He is most certainly plunging his country into an unprecedented economic crisis: <a href="https://fortune.com/2022/01/19/el-salvador-bitcoin-economy-distressed-debt/">https://fortune.com/2022/01/19/el-salvador-bitcoin-economy-distressed-debt/</a></p> <p>His actions will have real consequences if the country goes into an economic crisis. Unemployment, suicide, poverty and its consequences.</p> <p>So please stop throwing flowers at this guy.</p> <p>Bitcoin was created by crytpo-anarchists who abhor this kind of person. Let's not forget that and let's not glorify dictators who want to use Bitcoin to get rich on the backs of their people.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Noirceuil"> /u/Noirceuil </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sar3kl/sick_to_see_bukele_fan_in_here/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sar3kl/sick_to_see_bukele_fan_in_here/">[comments]</a></span>Kind Regards R