Paul Krugman

@paulkrugman ↗

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Last Checked June 26, 2022

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Wed May 04 07:15:05 +0000 2022

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Paul Krugman @paulkrugman

Then El Salvador went all in: making Bitcoin legal tender, subsidizing the adoption of a Bitcoin app. Optimal conditions for turning it into a functioning form of money. And ... 4/ — PolitiTweet.org

Posted May 4, 2022

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Paul Krugman @paulkrugman

But Bitcoin and other cryptocurrencies, which were supposed to replace old-fashioned money, keep failing to find real-world uses, despite enormous hype. Still, the revolution was always coming; just you wait 3/ — PolitiTweet.org

Posted May 4, 2022

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Paul Krugman @paulkrugman

"Overall, despite the legal tender status of bitcoin and the large incentives implemented by the government, the cryptocurrency is largely not an accepted medium of exchange in El Salvador." Most businesses don't take it; few people use it 5/ — PolitiTweet.org

Posted May 4, 2022