Buckle: If BTC succeeds in ELSL, "it will be one of the biggest game-changers in history."


The interview with the second naib buckle of What Bitcoin Deed quotes the same as the first. It was recorded a few days after the Bitcoin Act came into force in El Salvador, so the information may seem a bit dated. Especially if you follow Bitcoinist coverage of the ELSL story. However, it is important. El Salvador was the first nation in the world to adopt the Bitcoin standard. The story of this century.

If you want to catch up, Bitcoinist has covered what the first Bitcoin in the book appeared in two articles; About one Controversial Section 7 of the Bitcoin Act And about the other Mining with a volcano as a battery. And part of this special interview, and should be considered a sequel to McCormack’s “Follow the Money” documentary. That’s the one we cover One, TwoAnd Three Part

In any case, the president received Peter McCormack at the official palace in Buckley, and the conversation took place:

What are they talking about? Let’s get into this.

Naib Buckle in the phrase

  • “There will be a credit card fee, six to seven per cent for a normal business. You paid 5 percent for one second. Isn’t that the highest interest rate in the world? “
  • (Observers) “They’re not interested in El Salvador, they’re interested in our failure.”
  • “If it succeeds, I think it will be the biggest game changer in the history of economics.”
  • (About how the media is not actually attacking ELSL) “They are only attacking Bitcoin. They hate it because they are afraid of it. “
  • (About how ELSL is not buying Bitcoin just to hold on) “It’s definitely an asset, but it’s also a currency. So, it’s going to move. “
  • (About Bitcoin law’s El Salvador reception) “It’s doing a lot better than we thought (…) because people are very interested in this new thing.”
  • (About the lack of bitcoin education) “Look, there is a lot, a lot of communication, a lot of learning that needs to be done. But in the end, if you have a good solid project that you know is going to work, you should push it. “
  • (Concerning the public fear of dollarisation) “It is voluntary, no one is taking your dollars away from you. If you want paper money, you can get it. “

BTCUSD Price Chart for 06/03/2022 - TradingView

BTC price chart for 06/03/2022 on Cexio | Source: BTC/USD on TradingView.com

What did McCormack say?

In typical McCormack fashion, the Bitcoin host talks about what the host has done, how he doesn’t have to exchange dollars at the airport because he can pay for everything on Bitcoin Beach with a Lightning Wallet. And now, it’s all legal in El Salvador. He presented Buckley with his idea that El Salvador’s bitcoin test would surely succeed in 10 years, but the change would not be immediately apparent. Buckle answers:

“A lot of benefits are coming. Well, they arrived on Tuesday. A lot of benefits are going to come in a week, when more will be used. Lots of benefits are coming in three months and there are many benefits in one year economy. I don’t think we have to wait 10 years to see the benefits. “

McCormack challenged the president about his and Salvador’s opposition to bitcoin. “They’re against everything we do,” Buckell replied, not against Bitcoin. In fact, “they did not succeed with us. Never. So, I’m more afraid of international attacks because we’ve never had such an opponent. “Or, in other words,” It’s not the news we’re afraid of, but what’s behind them. “

Featured Image: Bukele, screenshot from the video | Charts by TradingView

Peter McCormack screenshot


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