Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 104. (Read 43222 times)

Good for you, hopefully this year and you can document that trip in the first person, visiting any country for the first time is always exciting even if you have a review of it, but without a doubt that El Salvador has that precedent with bitcoin that makes it special even for those who are not followers of bitcoin.

So, successfuls in that goal, El Salvador needs that kind of enthusiasm.

Thanks for the linked share and i wasnt aware that CMC does have this kind of poll or some sort of voting.We could really see that there are already lots of countries or places which does have this kind of consideration on making Bitcoin as a legal tender.

Its really that impressive that El Salvador do able to held up on these price market swings which lots had been telling about on the bad decisions that they do make but they arent making themselves
to be that heavily affected but instead they do accumulate even more.

They are really showing about their goals and trust towards bitcoin despite of market conditions and volatility.

A nice plan you have and a good way to see the world mate,  I personally have never been to El Salvador and up until now, I've not had any plan of traveling there,  but my instinct tells me the experience will be worth the stress and expense.
El Salvador have made the path clear for other countries to follow,  and like we all already know,  the central African Republic have traveled that same path,  hopefully, alot more countries are coming next year being 2023,  fingers crossed for the next country that will make bitcoin legal tender.

Cast your votes on coinmarketcap... https://coinmarketcap.com/legal-tender-countries/

Right now I am collecting everything I can to go to El Salvador, I want to go myself to find out and see everything that is related to Bitcoin in that beautiful country, and I want to know the city of Bitcoin, I would like to see even from afar the President Bukele, just as the president sees himself here in Ecuador, for me a country that is friendly to Bitcoin is an index that they are very cool people, I also want to be part of that history because El Salvador is an example to the world.

During the protest there is no cry from the people stating no awareness, but the prime reason stated was there is no transparency in the creation of crypto law and the development of Chivo Wallet. Further is for the usage of tax dollars for bitcoin investment. El Salvador lacks awareness and education about bitcoin, but in 2019 itself the village El Zonte had adopted bitcoin as payment once after receiving $100k worth bitcoin from anonymous donation. Country now focused on educating people on its usage and how it can improve the economy.

Many of us need to recognize and appreciate that there is a kind of catch 22 going on here, and that people are not going to learn shit if bitcoin is not available to be used in the society and there is a certain level of practicality that one of the best ways to learn something is by actively using it, even if you do not know what the fuck you are doing and even if there may be some risks that you are going to lose money in the process of learning.   

One of the best ways to learn better risk management is by both attempting to employ better risk management and possibly getting burnt in the event that you do not employ good risk management.

These whimpy criticisms that are proclaiming that poor poor dumb people of El Salvador need to learn first seem to be largely fantasy ideas in regards to what are some of the better ways to learn and attempt to learn.  El Salvador has been serving as a way better than average (and better than almost everywhere else) learning ground merely by its  legalizing bitcoin, and the fact that they are smart about the idea in the sense that they are focusing on bitcoin first is another way to attempt to guide people in terms of understanding some aspects of risk management are not getting involved in shitcoins because bitcoin is already risky so why add more risk upon your strategy by getting involved in risk upon risk.. .. and surely some El Salvadorean citizens (and people benefiting from El Salvador's pro-bitcoin laws) are going to be better at risk management right from the start, and other El Salvadorean citizens (and people benefiting from El Salvador's pro-bitcoin laws) are going to worse at risk management, but hopefully they are going to learn along the way, and maybe El Salvadorean citizens are going to become way more educated about both bitcoin and various kinds of risk management related to bitcoin and are going to be helpful in helping other people around the world in regards to bitcoin and risk management around bitcoin - even though in spite of our increasingly interconnected world, frequently it is still not easy for people around the world to easily learn from people in other places around the world.. .. and again getting back to some of the experiential aspects of learning. 

I think people's protests against proper education on Bitcoin are reasonable, because they also want to know thoroughly about Bitcoin before adopting it into anything. So it is natural to make a protest to the government, because it is a very wise and appropriate thing to be able to make a decent and free education for all citizens in El Salvador.
And I also read an article on cryptonews which mentioned the issue of Bitcoin education in El Salvador where Paxful has opened an educational facility in El Salvador to help citizens learn and use Bitcoin more effectively. The program is called La Casa Del Bitcoin, and aims to accelerate the acceptance of Bitcoin through free education, as the majority of El Salvadorans are still unfamiliar with the technology.

Bitcoin education in El Salvador is on the increase and I like the way the government is handling the education of its citizens on Bitcoin because this is the best way to protect the people and also build citizens' trust in Bitcoin. As we are well aware of the protest that happened during the early days of Bitcoin adoption in El Salvador, one of the main issues raised during the protest was the cry by the people that there was no proper awareness and education of citizens before Bitcoin adoption in the country.

El Salvador’s ‘My First Bitcoin’: How to teach a nation about crypto

If successful, the “Mi Primer Bitcoin” program, which recently rolled out in El Salvador, could be coming soon to a school near you.

The grassroots Mi Primer Bitcoin, meaning “My First Bitcoin,” program has picked up steam in El Salvador. The first cohort of Bitcoiner-come-students began studies in May. Founded by John Dennehy, an American activist and journalist, the program also has the support of the Salvadoran government.

https://cointelegraph.com/news/el-salvador-s-my-first-bitcoin-how-to-teach-a-nation-about-crypto

We can't see more countries taking a bold decision same as El Salvador President Nayib Bukele took. He had the courage, just because he believes in digital growth through technology. Even now if you make a polling, we can understand governments against bitcoin stating silly reasons.

Countries fear lack of control over the decentralised money Which is true, but they never fear about the diminishing value of traditional money with time.

Governments were used to it, and they never look for a solution to end this.

This is such a pleasant news to come by…hopefully other countries also accept this as a medium of exchange in transactions, a lot of countries are afraid that their currency value might diminish if they allow bitcoin as their legal tender. I hope majority of them re-consider this kind of mentality of theirs as this would give bitcoin another means of nationwide exploration. I seriously look forward to seeing such acceptance in the market sector.

It can be seen that Nayib Bukele had a great vision for bitcoin. El Salvador accept bitcoin as legal tender and invest in bitcoin not only the profit it will bring them but also bigger benefits and now it is really working when their tourism industry is restored and the biggest helper is none other than bitcoin.

Nayib Bukele is right about what he is doing with bitcoin in his country and I hope this creates a viral effect to other countries. Think of a scenario where bitcoin becomes legal tender in most countries.

This is a positive thing happening with El Salvador. As the president mentioned Bitcoin and Surf is the major reason. When someone think about vacation and if he/she is a cryptocurrency user, then surely they'll intend why not try El Salvador. This mentality is with me, and the same might be there with other crypto users. Such mentality have arisen out of the government's adoption. So, what President have mentioned in the tweet is true and it is a positive thing for now.

News: President Nayib Bukele announced on twitter, El Salvador is one of the few countries that is recovering the tourism industry to pre-pandemic levels and that is international tourism and the reason behind that is #Bitcoin.

https://twitter.com/nayibbukele/status/1555962079957245952

Despite the continued bear market, El Salvador's tourism industry has grown by 82% compared to 2019. They are earning $99 million from tourism in 2022 and will continue to grow through the end of the year.
Read more: https://cointelegraph.com/news/tourists-flock-to-el-salvador-despite-bitcoin-bear-market

Not afraid, but rather wanting to understand Bitcoin and Blockchain in more depth. Because developed countries must always consider new things that they want to be adopted more fully and maturely because they (developed countries) also don't want to experience any problems just because they adopt new things like Bitcoin. So it is only natural that currently not many developed countries have adopted Bitcoin as a whole as did El Salvador and the Central African Republic.

I am not sure if I agree .. but let's say that the some one threw a bucket of water on him, or that he fell into a swimming pool, jacuzzi or hot tub?  or maybe he is more vulnerable to get struck by lightning?  Are those the kinds of risks that you believe that he is taking by wearing that contraption?

Could be done but it is way too exaggerated or coming into a point that someone had put up his life at risk just to have that kind of publicity? We do know that being positive towards bitcoin and mining isnt really

that bad but we shouldnt really come into this kind of certain extent where we do make ourselves dumb which we could really find out other ways or alternatives on doing this without putting harm into ourselves.

Just let recognition and awareness do spread out gradually and normally which it is really impossible for these things or ideas not to scatter around at least.

hahahaha

I agree with the lack of necessity of the whole matter in terms of lugging around a miner in the form of a backpack, but I doubt that it would be as risky as you are making it out to be - even though surely you may well be correct that he has to be more careful in terms of walking up and down stairs or maybe going hiking close to cliffs, but at the same time, people take various kinds of risks all of the time - especially when they are engaged in a kind of publicity campaign to attempt to make some points that might related to portability of bitcoin mining.

If we try to relate some of these ideas back to El Salvador, then I do agree with the ideas that there are going to be some things that might be more easily accomplished in the seemingly safe space of El Salvador (at least what appears to be bitcoin friendliness of the government), so in that regard, various kinds of experiments can be carried out in the open in ways that may well be less achievable or practical in other locations.  At the same time, having the government as a less (or not) hostile party does not take away possible other attack vectors - so surely it would be different to be walking within a convention center at a bitcoin-focused event versus walking in some poor barrio that is rife with gang activities (even if El Salvador wants to portray that they are trying to get some of the gang related attacks (and presumptively economic attacks towards its citizens) into a better safety/security/confidence position). 

Hope the electricity generated to power the miner can not electrocute him? It does not look right to me, there is a lot of free space he can put that miner. To let people know more about bitcoin, he can have a bitcoin t-shirt and other things that bitcoin is written, not to be risking his life. What if something accidental happens that can make him to suddenly fall and cause the electricity to pass into his body, is that not death or won't him be hospitalized? Not advisable.

Well you might be right or wrong but either of the ways i think this looks more of a work settings, an environment that enables the free showcase of bitcoin technologies, fine and good El-Savador can have this done but it doesn't make much impressive thoughts if moving around the city everywhere is the intention its made for considering it's risk also, but since it's a mobile device then a think it's designed to cover a little distance or move within a particular work settings or environment.