> never really understood what incentive a government had to recognize bitcoin as legal tender
El Salvador is very corrupt, in the neighborhood of Sierra Leone and Algeria [1]. It is unclear to what degree the state has a monopoly on violence [2]. Bitcoin is a precedented dark money channel.
El Salvador is very corrupt, in the neighborhood of Sierra Leone and Algeria [1]. It is unclear to what degree the state has a monopoly on violence [2]. Bitcoin is a precedented dark money channel.
[1] https://www.transparency.org/en/cpi/2021/index/slv
[2] https://www.cfr.org/in-brief/why-has-gang-violence-spiked-el...