It’s time for The New York Times’ worst lies about El Salvador. Also, for the newspaper’s counterpoint, in which they admittedly and commendably reflect favorable points of view. As we said in the previous article, “It’s important to remember that we’re less than a year into this experiment.” Why is The New York Times judging President Bukele’s bitcoin bet so harshly? Because they can, that’s why.  Read more...

The New York Times joined the rest of mainstream media in kicking bitcoin when it’s down. Even though the world’s economy is clearly in the red across the board, bitcoin deniers are having the time of their lives declaring bitcoin dead. That puts Nayib Bukele and El Salvador’s bitcoin bet in mainstream media’s sights. 

The title gives away The New York Times’ intentions and general view of the situation, “A Poor Country Made Bitcoin a National Currency. The Bet Isn’t Paying Off.” Yikes! First of all, that’s a classist title. Second, we beg to differ. From the get-go, The New York Times’ claims are generally false, hyperbolic, and short-sighted. The article stinks of the high time preference of the fiat world, and Bitcoinist is here to criticize the critics.  Read more...