[JumpCrisscross]

> doesn't have the capacity to support El Salvador's economy

It's easier for San Salvador to disappear Bitcoin into cronies' pockets than U.S. dollars. For this purpose, Bitcoin's deeper liquidity makes it the best choice. Less cynically, Bitcoin has brand recognition. That makes it politically palatable in a unique way.

Bitcoin isn't a great currency. But it is a competitive store of value. El Salvador doesn't have a trusted domestic market of financial assets. This is an experiment in replacing a domestic market for assets with Bitcoin.

[mickotron]

Bitcoin transactions are more transparent and publicly traceable than cash, Bitcoin sucks for illicit transactions. Monero should be the crypto of choice for criminals because it is untraceable.

[koheripbal]

bingo. Crypto is a boon for crime and rogue states.

[stiltzkin]

BTC will make it easier for El Salvador to track those transactions as an open ledger.