The Victims of Bitcoin City

Nelson Rauda Zablah

You’ve heard about El Salvador, the first country to adopt Bitcoin as legal tender. Come hear what propaganda doesn’t tell: that paying in Bitcoin is an oddity, that the “economic freedom country” has the largest incarceration rate in the world, and that to build the so-called Bitcoin City the government is pushing out fishermen and farmers.

If you’re into crypto, you’ve heard about El Salvador adopting Bitcoin. Come for the beach and surf, pay for your beers in Bitcoin, stay for tax exemptions. That’s how the story goes: a small, defiant country that leads the way into the future of money. The reality is starkly different. Hardly anyone uses Bitcoin outside the tourist-dedicated beach. The majority of the country thinks it’s only benefited the rich. When Bitcoiners cheer for the government, they’re not ushering in the technology of the future; they’re enabling a regime that’s violating the human rights of its citizens.