[ty6853]

375 minus like 287 in unrealized gains. My next question is are they still behind once you consider the market value of the ATM and other investments. I doubt it's a total write off.

[rafram]

Who’s realistically going to buy 400 or so bitcoin ATMs (must pick up in El Salvador)? ATMs aren’t a high-margin business.

[ty6853]

I don't trust El Salvador. I also don't trust the people indicting their policy. I hope to God they have more than 400 ATM to show for 375M. Surely there is more to it.

[rafram]

I was wrong - they actually only have 215 of them: https://cointelegraph.com/news/poland-overtakes-el-salvador-...

It was just bad, showboaty policy from a showboaty strongman leader. Why would you give him the benefit of the doubt even now?

[ty6853]

I don't want to give him the benefit but I also question how even a strongman can justify over $1M per ATM. My alarm bells are ringing that I'm missing something.