Brutal policies... and now the whole market suffers the consequences as interest rates rise and force banks into realizing huge losses on their short-term bond positions. It is all so fucked! You really gotta feel for those small countries that depend on the USD standard and got absolutely hosed by the big print and subsequent rate hikes.
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Time to go crypto?
If they go gold, they end up like Ghaddafi.
I hope it works out for El Salvador to be an example. But without access to clean, renewable energy, I'm not sure how much a bitcoin standard would work in the long run for this plan to work out well for these nations.
At some point, what is pulled from the network is not the main focus, it is what is already in circulation, right?