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this post was submitted on 09 Sep 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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Not gold, but some countries do work to an officially restricted money supply! Those that have officially dollarised, e.g. El Salvador and Ecuador.
I'm familiar with .sv. The government is horribly constricted - because they can't print money and the populace doesn't trust them to print money - so every year it's more sovereign bonds. Then a fuckwit like Bukele comes along and thinks that bitcoins will make anything better and not worse.
So yeah, turns out past 1930 that not being able to do monetary policy fucking sucks.