Pretty cool that this isn't about speculating on the price, it's about de-dollarizing small transactions and remittances, almost certainly over the instant, cheap and secure Lightning network.
Salvadoran here. Salvadorans are definitely hopeful, this government is light-years ahead of previous ones. It's had a some bad press internationally but overall it's a refreshingly competent leader.
If they are going to try to build a substantial part of their economy on bitcoin mining, they are going to run into the same issue Russia has where a fluctuation in fossil fuel prices can completely stall their economy.
A less exciting, but more prudent action would probably be to build out the energy infrastructure so they are able to export the vulcano energy to neighbours.
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[ 3.1 ms ] story [ 22.4 ms ] threadDid this bill pass because he threatened to storm congress again [0]?
[0]:https://en.m.wikipedia.org/wiki/2020_Salvadoran_political_cr...
BTC is a bit like transferrable electricity. Whether that makes it good or bad for the world is certainly... debatable.