El Salvador Game Changer? World's First Bit Coin Bond

[FreeMiner]

This is worth watching and thinking about. What are your thoughts. Thing I love about crypto is Governments are fucked and can' devalue it like fiat. It gives personal freedom.
But I love gold better.

The Bitcoin Bond: El Salvador makes History | Exodus

El Salvador is setting up the world's first Bitcoin bond and will use it to fund the world's first Bitcoin city. Will this be bullish for Bitcoin in 2022?

www.exodus.com

 

[Emma tenywa]

This is worth watching and thinking about. What are your thoughts. Thing I love about crypto is Governments are fucked and can' devalue it like fiat. It gives personal freedom.
But I love gold better.

The Bitcoin Bond: El Salvador makes History | Exodus

El Salvador is setting up the world's first Bitcoin bond and will use it to fund the world's first Bitcoin city. Will this be bullish for Bitcoin in 2022?

www.exodus.com

Things will go well until musk starts posting shitty tweets

 

[quickfeet]

"One question we might ask is: why would anyone invest in the El Salvador Bitcoin bond rather than just buying Bitcoin? One plausible explanation is that the Bitcoin bond can give investors a steady yield (the bonds are set to pay 6.5%) without exposing them to Bitcoin’s volatility."

This seems a lot like the staking they are doing with altcoins.

____________

"Anyone who lends money to El Salvador is betting that five years from now Bitcoin will be worth at least twice as much as it is today. So long as that’s the case, even if El Salvador is completely broke they’ll still be able to sell the Bitcoin and repay the debt."

-right well assuming BTC holds its value

 

[quickfeet]

Here is another article that is a little more clear on the financials:

El Salvador plans Bitcoin bonds and volcano-powered Bitcoin City

The plans will make El Salvador “the financial center of the world” and “the Singapore of Latin America,” the chief strategy officer of Blockstream said, adding he expects other countries to follow suit.

fortune.com

 

[quickfeet]

This whole thing is pretty bizarre:

Investors will also be awarded permanent residence and be fast-tracked to citizenship, Mow said while standing next to Bukele.

Bitcoin City will be built near the Conchagua volcano which will provide energy for mining, Bukele said, adding that Bitcoin bond issuance will begin in 2022. The only tax in Bitcoin City will be a 10% value-added tax to fund city construction and services, he said.

 

[America 1st]

USA should just annex everything south of Mexico and turn it in US territory, collect taxes there, refuse to enfranchise them like PR, and end this nonsense.

I’m tired of the terrorist activities like this burdening the homeland.