The idea of borderless transactions with #Bitcoin is fascinating.
As borders disappear, the concept of taxation, which supports governments, becomes increasingly fragile.
As borders disappear, the concept of entitlement - the belief that because you were born in a particular place, you are entitled to the economic advantages associated with that place-falls apart, and as it falls apart, the perks of nationhood fall apart with it.
And as that all happens, the ideals that underlie nationhood- patriotism, democracy, the state, the melting pot, unification, responsible participation, whatever they happen to be in, whatever nation they are living in- get relegated to the junk heap of history.
"On the horizon waits a much purer former of individualism than democracy as we now understand it allows" -
The 500 Year Delta: What Happens After What Comes Next
they have a shit ton of Gold under El Salvador, they could quite easily use a loan to unearth the gold - to sell and buy more Bitcoin, make a profit and still pay the loan plus interest.
Worst case - he gets assassinated, similar to what has happened to Saddam and Gadhafi in the past for trying to enable a gold standard. If so, the price of Bitcoin rockets - verifying its value prop. The network becomes bigger and stronger as a knock on effect.
Regardless, I don't care. Nothing stops this train now.
