The man's real name is Samson, not Samsung - your thoughts seem to have been somewhere else when you wrote this post



I'm not familiar with his previous views on Bitcoin, but I'm not at all surprised that he wears the logo of that stablecoin, because people change for the better, but also for the worse. I also don’t like that the company behind USDT is involved in that project, but there is certainly a reason why Bukele chose just them and not someone else for the job.

If the government of EL Salvador had planned to legalize bitcoin as the legal currency in the country then there should have been no incidents of protest by its citizen. We have read a lot of news that protest were held at some point against the government's desire to legalize bitcoin as a legal currency. If the government had planned it well then the citizens should have accepted its decision without incidents like ATM burning.

Although it seem that now some El Salvadorans have accepted the legality of bitcoin, the government still needs to make further socialization effort so that it can function properly for its citizen. Regarding profit, the government can impose taxes on those who trade bitcoin or other cryptocurrencies as well as from those who run businesses or service such as exchange.

It is a cooperation and not a condition where who is influencing who. The skeptical me is speculating that Blockstream wants to create this project for profit, president Bukele wants the project because it is another place where he and his friends can use it for money laundering and Tether, Bitfinex, iFinex is the liquidity and shadow banking provider. This is only business.

El Salvador buys more 100 bitcoin making its total holding of bitcoin as 1220. President Nayib Bukele is quite has undergone lots of criticism for making bitcoin legal tender. He is strong in his decision making use of every dip happening in the market. Now the country holds something around $66 million worth in bitcoins. Even yesterday Bank of England governor Andrew Bailey criticised for El Salvador's decision on bitcoin usage.

I see the views of friends regarding this project are becoming increasingly critical, behind the big plan of the president of El Salvador and it has been highlighted even in my country's national media even the media say this action makes the IMF angry, on the other hand you explain the possibility of the reason behind this is the opportunity to facilitate corruption  .  Isn't this an exaggeration?  Or is there any clear evidence?  I thought this would have a positive impact on the market but it didn't.  The forum's response even shows suspicion on him.

Is it an exaggeration to say that politicians have always been taking advantage of their elective positions to steal money from their own people and country? What country are you from, can you say that your government is run by honest people?

Also, the IMF is angry because Tether appears to competing vs. the IMF’s monopoly on global financing and lending to countries and governments hehe.