Bukele’s Bitcoin legislation in El Salvador is certainly a win for Bitcoin. But is it a win for freedom?
George Selgin, Senior Fellow and Director of the Cato Institute’s Center for Monetary and Financial Alternatives, dives into the legislation: the good and the bad.
The TLDR: The legislation is an awesome step, and can be considered a glass half full. But we shouldn’t apologize for the areas where it lacks. The Bitcoin community should urge that articles 7 and 13 be repealed because at best they’re unnecessary, but at worst they go against the ethos of freedom and choice, which is what Bitcoin is based on.
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well noted, his observations have depth.
Just curious that he used the word "compel" instead of "coerce".
Which inspires the thought that government legislation
should best be referred to as "Harms" instead of "Laws".
Live well, and prosper