Maybe in the US but rest of the world has access to budget Chinese smartphones .

EU

Posteo

otp.landian.vip

And you can work on not being a dick.

Meanwhile, US efforts to revive the development of a molten salt reactor remain on paper, despite bipartisan congressional support and Department of Energy initiatives.

DOGE

We aren’t living in history, we live in the present.

True, nutjobs exist across all religions. However, in the present moment, only Israel has international status unlike any other reactionary groups.

cotton picking is already mechanized

U.S. cotton is mechanically harvested using specialized equipment. Seed cotton—fluffy white fiber that includes seeds—is harvested from the field and pressed into round bales or large modules for transport to a gin. During the ginning process, cotton fibers are separated from the seeds, cleaned of foreign material, and pressed into bales of lint. In the United States, a small sample of cotton lint is collected and sent to a USDA classing office where it is graded, thereby providing the quality characteristics on which the cotton is marketed. After ginning, the cotton bales are ready for shipment—usually to a storage warehouse where bales are consolidated before being sent to a mill for further processing into textile and apparel products.

The use of mechanical harvesting rose significantly during the 1950’s, involving nearly half of the U.S. crop by 1960. Virtually all of the U.S. crop was mechanically harvested by 1970. Mechanization of other field operations progressed rapidly in response to increased labor costs, labor shortages, and the need to perform more timely operations on larger acreages. Chemical weed control, which became common in the 1950’s, has largely replaced hand hoeing, reducing labor requirements for this operation.

https://ers.usda.gov/sites/default/files/_laserfiche/publications/79922/AER-739.pdf

if you want iptorrents invite message me, it may have what you are looking for.

about:config these flags

I use Binance, you can use your card there, fees are like 4%. I prefer USDT because there is volatility/exchange rate risk with non-stablecoins but you may not have a choice depending on the seller. If you want to avoid the 4% fee do a SEPA transfer.

I use Trust Wallet. Is it perfectly safe? No, but for payments its good enough.

they had Bill Clinton in Michigan calling West Bank ‘Judea and Samaria’

Bitcoin is not different from the USD fiscal policy space wise. You use USD (which you obtain from trade, remitances, loans and capital inflows) to buy Bitcoin or use the same USD to buy ASICs to mine Bitcoin with. In the end you hope to sell it to someone else to get more USD than you started with.

Even if it’s not for conversion then would the population like to use a system where there is no physical cash form of bitcoin (El Salvador has large informal economy) fully dependent on internet, electricity and a smartphone. Would the Government make budget denominated in bitcoin? How will all the pricing be done? Why should El Salvador go through all these complications instead of adopting its own currency where it’ll have more fiscal space?

Bitcoin was never widely used in El Salvador outside small transfer payments which would’ve been converted to Dollars pretty quick anyways.

Having your own currency gives you power to manipulate exchange rate and employ domestic resources instead of having to borrow continously from the IMF.

Not saying that a sovereign currency alone is enough. Countries may not be able to enforce taxes enough or try pegging rates to the Dollar to prevent pass-through inflation and balance of payments issues. But it is a necessity.

All payments to the US Government, fees, fines and taxes.

Yes and every time they create dollars there is a corresponding liability at the fed.

I suggest this book

I think that’s why El Salvador is dropping it. They never really forced people to use Bitcoin, US Dollar was also the legal tender and unlike Bitcoin, also the money of account.

But really though, can you call for IMF to stop lending to countries which buy Bitcoin using state funds when the issuer of Dollars, the U.S. has a President who has run multiple crypto/NFT scams and wants to use Government money to pump up crypto prices?

Not really what I said. I said gold and all the commodities are denominated in Dollars.

You hold gold because you hope to sell it at a future date for more dollars. You hope China doesn’t find more gold or some country decides to release gold locked in vaults. In the end you want more dollars than you started with.

Same with bitcoin which is going up in price because of a flood of Dollars from ETFs and due to Trump’s potential policies. You want bitcoin to go up in price so you can sell it for more dollars.

Another thing to keep in mind is that Bitcoin has characteristics of a real asset, not a financial asset.

Dollars, you can give to the US Government for payment of taxes etc. There is a corrosponding liability at the Fed. That is not the case with “real” assets like Bitcoin, there is no corrosponding liability.

They make no money from the investment you mentioned unless they sell for Dollars. Your stock portfolio gets you no money in form of capital gains unless you liquidate it for Dollars. Same with gold.

Is El Salvador budget denominated in gold or bitcoin? No, it’s denominated in Dollars.

El Salvador should first stop using a foreign currency, the dollar. Then worry about trying to attract capital inflows.

Sovereigns aren’t the same as individuals. For sovereign, at the macro level, spending drives consumption and creates employment of real resources.

If El Salvador had its own currency, they could tax and spend that instead. But no, they use US Dollars.

Ok, can they sell it then? What’s the use of Bitcoin? Why are you valuing it in Dollars? Countries accumulate Dollars and other first world currencies to be able to import more (and in case of El Salvador, spend more domestically). Bitcoin is sitting there doing nothing.

Same applies to massive foreign exchange reserves like in the case of China. But still, atleast forex reserves can be quickly used to stabilize the exchange rates.

Also keep in mind even if they sell it and assuming there is enough liquidity, $300m one time isn’t a lot of money even for a country like El Salvador.