El Salvador recognizes Bitcoin as legal tender AND GUESS WHO IS MAD | Blockchain 411

El Salvador is set to adopt Bitcoin as legal tender and the IMF is MAD AF. It appears that El Salvador is looking for a bit of currency stability and the ability for its citizens to easily exchange an accessible currency for US dollars in a predictably way. But the IMF is not feeling it, letting its "Twitter Fingers" get the best of it, issuing passive aggressive warnings via social media.

In this video we explore why this is such a big deal and also why the IMF and WHO might be upset by the move.

RESOURCES & REFERENCES
The following websites are referenced in this video:
- IMF Repeats El Salvador Bitcoin Warning as Country Launches $150M Adoption Fund | https://decrypt.co/79925/imf-repeats-el-salvador-bitcoin-warning-country-launches-150m-adoption-fund
- IMF Executive Board Approves a US$389 Million Disbursement to El Salvador to Address the COVID-19 Pandemic | https://www.imf.org/en/News/Articles/2020/04/14/pr20155-el-salvador-imf-executive-board-approves-a-us-389-million-disbursement-to-address-covid-19
- El Salvador GDP | https://tradingeconomics.com/el-salvador/gdp
- El Salvador Government Debt to GDP | https://tradingeconomics.com/el-salvador/government-debt-to-gdp
- El Salvador Credit Ratinghttps://tradingeconomics.com/el-salvador/rating

SIMILAR VIDEOS
- Is Janet Yellen the Stablecoin Killer? | https://youtu.be/ek00rG4uFBo
- Ted Cruz hammers TRASH CRYPTO regulation in Biden's infrastructure bill |
https://youtu.be/rG_XGk6uAEs
- Quantitative Easing and Dogecoin | https://youtu.be/zjhtppzBQ1s
- Block Boys Episode 2 | Whatsup with Dogecoin | https://youtu.be/jAASfRZ8leI
- Block Boys Episode 1 | Cryptocurrency Denomination Break-Down | https://youtu.be/EIcFrnlSb6g

ABOUT THE CHANNEL
Block Boys is blockchain from a different perspective. 

I play on word, "block", simultaneously referring to both the hood (the block) and blockchain.  The mission is to make blockchain and crypto (knowledge) more accessible.  I, along with other experts and novices, alike, will be discussing time-relevant blockchain and crypto developments as well the underlying technologies and economic frameworks. And doing so in a way that is relatable to the streets.

Why should anybody care what me and my crew have to say about crypto?  I'm MIT Sloan School of Management trained in blockchain and cryptoeconomics.  I have an MBA as well as an undergraduate degree in Computer Science.  And I've been in the software business for 3 decades.  Most recently, I've built a mobile app for a leading cryptocurrency exchange as well as an exchange-arbitrage trading bot platform.  My network of friends and colleagues is deep with really smart people, many of whom are block(hood)-certified.

I started this channel with the following intentions
- educating, uplifting, and empowering people who could greatly benefit from blockchain but who may be intimidated by the technical complexity of it all
- bring a little bit of "the block" (the hood / the streets) into these blockchain spaces so that people with that background feel welcomed and at home. basically, I want to be relatable to people outside of suburbia and ivy league institutions of education
- get people to understand and embrace the fact that blockchain is so much bigger than crypto and crypto currencies
- seed entrepreneurship ideas so that people can find ways to participate in this blockchain / web3 revolution as producers and not just consumers.

SOCIAL MEDIA
- Medium | https://medium.com/block-boys
- Facebook | https://www.facebook.com/blockboys
- TikTok | tiktok.com/@blockboysbb

TOPICS
blockboys blockchain culture hiphop levelup
bitcoin ethereum ether defi fintech nft crypto cryptoasset cryptocurrency
dApp decentralization disintermediation tokenomics cryptoeconomics dlt distributedledger
consensus proofofwork mining proofofstake staking  cryptography
exchanges DEX CEX CeFi Satoshi Nakamoto
EIP-1559 ERC721