- El Salvador will continue buying 1 Bitcoin daily until it becomes unaffordable with fiat currencies
- President Bukele’s statement highlights commitment to cryptocurrency adoption
- Move demonstrates belief in Bitcoin’s long-term value and potential as a global currency alternative.
The only thing keeping them a powerhouse would be a number on a computer that can be stolen. Question is, would people try to steal from a nation rich enough to be a powerhouse and how sophisticated would those theft attempts be?
That number is protected the same way gold is. Reminds me you americans stole us 1000 tons of gold during ww2
That’s my point. If a country really did build up enough Bitcoin it became a world power, those Bitcoin would probably be stolen. If it can happen to gold, it can happen to Bitcoin even easier.
It’s ability to be stolen really comes down to was the password to it ever written down or did they not use a password.
If they didn’t write it down, you could conceivably keep it safe from theft as long as the people that know the password don’t give it up if tortured.
Also breaking it up into multiple wallets with different passwords that not everyone knows would limit a complete theft.
Edit: in the scenario where it can’t be stolen, killing everyone that knows the password would still leave the country with nothing though.
Why faster? The gold was in a ship because the gold had to be carried, which isn’t the case with bitcoin. If there is no ship you can steal, you won’t get anything
