Scepticism grows in El Salvador over pioneering Bitcoin gamble

There are hundreds of regional complementary currencies in use and almost none of them are cryptocurrencies.

My expectation is that either nothing special happens because people treat it like gold and never use it for payments or it is so successful Salvador ends up a society centered around speculation and Bitcoin mining, basically an absurd version of the resource curse.

Here is a paper: https://www.bruegel.org/2018/06/cryptocurrencies-and-monetar...