El Salvador's Bitcoin City: Libertarian Paradise or Crypto Ponzi Scheme? #Bitcoin #btc #BitcoinMillionaire
Today El Salvador’s President Nayib Bukele announced Bitcoin City. A new project paid for by a $1 Billion Bitcoin Bond that will have a geothermal powerplant, a massive bitcoin mining operation, no income taxes, no property taxes, no capital gains taxes, and it will even be shaped like a circle with a giant Bitcoin Logo in the middle. What’s not to love?
The problem is, right smack dab in the middle of this announcement is Paolo Ardoino, the Chief Technology Officer of Bitfinex and Tether along with Samson Mow, the Chief Security Officer of Blockstream (and also chief Tether apologist). The involvement of Tether executives hardly inspires confidence in this project.
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#Tether #Bitfinex #BitcoinCity #Bitcoin #ElSalvador