Paul Krugman

@paulkrugman ↗

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Last Checked June 28, 2022

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Wed May 04 07:16:01 +0000 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

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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

The thing is, digital payment systems are in widespread use; Venmo, introduced the same year as Bitcoin, is ubiquitous. But crypto remains a hammer in search of a nail; or, less charitably, a cult driven by technobabble and libertarian derp. 6/ — PolitiTweet.org

Posted May 4, 2022