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ooli2@lemm.ee to World News@lemmy.mlEnglish · 3 months ago

El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment

ticotimes.net

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El Salvador Abandons Bitcoin as Legal Tender After Failed Experiment

ticotimes.net

ooli2@lemm.ee to World News@lemmy.mlEnglish · 3 months ago
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Understand the implications of Bitcoin's downfall in El Salvador. Learn about the failed economic bet and its impact on the country's financial stability.
  • unexposedhazard@discuss.tchncs.de
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    3 months ago

    Its even funnier. They just straight up promised them a billion dollar loan on the condition that they abandon bitcoin.

    In December, the government struck a $1.4 billion loan deal with the International Monetary Fund (IMF) that scaled back its bitcoin embrace after the lender urged officials to limit its exposure. The lender specifically advocated making acceptance of bitcoin voluntary for the private sector, which is spelled out in the hastily-approved law.

    https://www.reuters.com/world/americas/lawmakers-el-salvador-rush-new-bitcoin-reform-after-imf-deal-2025-01-30/

    • geneva_convenience@lemmy.ml
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      3 months ago

      Hot damn why is this not the headline we are seeing

      • unexposedhazard@discuss.tchncs.de
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        3 months ago

        Thats what im wondering, because thats the blog post headline i first saw.

    • jagged_circle@feddit.nl
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      3 months ago

      Site doesn’t load

      • unexposedhazard@discuss.tchncs.de
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        3 months ago

        The link is still working and reuters is a huge organization so its probably an issue on your side.

        • jagged_circle@feddit.nl
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          3 months ago

          Nope. Their site is always broken. It doesn’t work on tor browser in strict mode. Try it.

          We shouldn’t be linking to such websites

          • unexposedhazard@discuss.tchncs.de
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            3 months ago

            That is hardly a valid reference point for a news source. The site even works without JS which is better than most sites.

            • jagged_circle@feddit.nl
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              3 months ago

              Nope. It doesn’t work with js disabled. That’s the problem

              • unexposedhazard@discuss.tchncs.de
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                3 months ago

                It does in librewolf, which means that Tor is just doing some extra blocking of stuff that is need for the page to load.

                • jagged_circle@feddit.nl
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                  3 months ago

                  The error messages says that JavaScript must be enabled. You haven’t disabled JavaScript in your browser.

                  Update: holy crap its loading now. My best guess is that the have some reverse proxy sitting in front of the site that sometimes forces you to use JavaScript to pass through to the backend

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