Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 52. (Read 43289 times)

That's a good step that you can take to educate many young people about the opportunities in bitcoin because one day people will increasingly realize that bitcoin is the best asset. I also have a non-formal school which is currently still managed together with the Lhok Kaju English Center (LEC) community. Although I have not specifically included learning about bitcoin for them because the age of the students we have makes us reluctant to do so now.

One day I would like to do something like this for our students and there is a big ideal I want to show students regarding the adoption of Bitcoin as a way to find financial freedom. Unfortunately, currently we cannot make this happen and the bitcoin education given from an early age is very good for students, but it is only an introduction not direct involvement in investing. I see that what El Salvador is doing can actually increase the interest of the younger generation in investing when they have entered adulthood and can be responsible for the decisions they make.

This is what makes me want to teach bitcoin education to the younger generation who join LEC, but unfortunately we can't do this yet because there will be many challenges if forced. If one day bitcoin reaches widespread adoption in my area then we have high hopes that we can make it happen.

Today I decided to go back to my old school to teach the children just a little bit of everything I've learned from my @cuboplus teachers 📚📚 #BITCOIN    #elsalvador #BTC    #cuboplus 🧵


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I just saw on social media today that El Salvador kids are being taught Bitcoin. Because a different thing about Bitcoin for children from a young age started in elementary education in El Salvador. This education from an early age will bring the best success for the child later in life as the child grows up. And I support this Bitcoin education, and teaching Bitcoin to more kids to be successful.

It is just more important for children who are still in school to listen and know about Bitcoin because they also don't have enough money to advance into the realm of buying Bitcoin. Meanwhile, for the parents of these children, I think it would be better if they were given socialization or understanding about Bitcoin so that this can run smoothly in every family. And in El Salvador I am sure this will continue to be done because the government's own concept is to channel knowledge about Bitcoin to all its citizens.

From this, it can also be seen that Nayib Bukele is really serious about adopting Bitcoin for all citizens of his country, even though this will take a long time. But in general, Nayib Bukele is very serious about building this with his own concept and is trying to involve many parties to support this effort so that it can run smoothly until now. I really applaud what Nayib Bukele is doing in El Salvador by continuing to make the country more independent in every way.

I thought that part of our criticisms and concerns about El Salvador is that it is not really clear how they are holding their bitcoin and/or how many they have exactly.. even though Bukele has made various tweets on the topic of various buys and including in around mid-November of last year Bukele announced that he (or El Salvador) is buying 1 BTC per day.

https://www.barrons.com/news/salvadoran-president-vows-to-buy-one-bitcoin-every-day-01668700808

Now EI Salvador owns 2380 BTC worth of $60M.
But All Bitcoin holding by National Treasury EI Salvador.
All Bitcoin holdings in Own launched Chivo Wallet. But they would establish 1500 Bitcoin ATMs to addopt Bitcoin.



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What made El Salvador what it is today is its leader, Nayib Bukele, who issued various pro-economic policies, cut bureaucracy and reduced the crime rate in the country which had long been ignored by the government. Nayib Bukele's various policies, which include the adoption of Bitcoin, have made this country increasingly known globally and investor interest in being able to invest in this country has become greater, which has further improved this country's economy and even placed it as an upper middle class country.
And in my opinion, the reason why the IMF and US don't pay too much attention to El Salvador is because this country doesn't pose a threat to them and since the size of the country is not too large and natural resources are not as abundant as middle eastern countries, they just leave it like that. , but don't know if it will stay like this if the economy of El Salvador continues to improve in the future.

I expect we also all learn one or two things from El-Savador with this, they are so self dependent, there's this resilient in them, they make and take bold decisions, they are fearless ad refused a defeat, there's a kind of level of antagonist they must have gone through ever since their decision on bitcoin as a legal tender, yet IMF or the US government is never a threat to them, these are all they've been through that made them the celebrity they are today with a world breaking record of the first country to make bitcoin a legal tender.

Sure, I wish there was a real person from there who explained how things really were. Maybe it will be more real. Because now with a period of 2 years I have read several digital media reporting that they have improved the economic situation. They have paid the debt. Economic development and tourism are growing rapidly. It's all written in the media. I hope that is true. They will be an example for other countries and it will certainly be interesting to do Bitcoin adoption.

El Salvador celebrates a day marking the two-year anniversary of the Nayib Bukele Bitcoin Law that marks the day the Bitcoin Law was created. I think it was a bold move that can be seen in the spirit of Nayib Bukele, the government of the country of El Salvador. The country has been self-sufficient since adopting Bitcoin and has no hassles in terms of legal tender. And provided all kinds of facilities to the people of the country. This is how to build a bitcoin country with hard work and patience. Bitcoin country will not rise in one day and (it will last forever) because having a trusted Bitcoin.

I think this is a good way of preaching the word of bitcoin. If more schools around the world, not only El Salvador tries this approach then we will see a huge change in no time. On the other hand, what has some couple of school kids got to offer? They still can't invest their their spare money now on Bitcoin. All they can do is to listen and gain knowledge about Bitcoin for the time being. Maybe pass these knowledge to older ones, who might be willing to use Bitcoin but don't knows how. When they are old enough then using Bitcoin would be a very simple task to them. Nice one El Salvador.

We can always ensure to adjust the images whenever we are posting them to show whatever thing we are talking about, especially when we quoted someone, images could be adjusted to a smaller size sice it has already been posted before we quote them, i unde all we are excited about is in the progress with El-Savador bitcoin achievements and how they have made every possible efforts to sustain their adoption in other for it to remain a landmark achievement for them always when people are talking about El-Savador's bitcoin adoption.

Let's celebrate 2 years. no!... 0 yes?

The passivity of the environment is unprecedented, with the first "son" in the currency of a country, as always the news that sells as journalists say "it is not that the dog bites its owner, it is that the owner bites his dog" .

It's not that I remember today, on our local board we have a thread dedicated to the topic so I'm going to "post_" the post in images, I really would like to write many things...

El Salvador must be congratulated for such a day because they took such a great initiative on this very day. Accepting bitcoin as a legal document in his country was a difficult challenge for the country's president. If for some reason his action was wrong or people did not like his action then it would be very difficult for him to survive as president. Seeing him take such a challenging decision is what made Bitcoin so popular in El Salvador today. With Bitcoin, the people of El Salvador are now doing their daily tasks very easily. I want the people of El Salvador to better accept Bitcoin in their country and make this day come back to El Salvador again and again.

We don't live in Salvador so it's hard to know how things have changed since they accepted bitcoin as legal tender. But so far, there hasn't been a single negative news even as they and we go through this harsh bear season cycle. I was surfing Twitter to read the news and the interesting thing I just found is that they are still actively educating people about bitcoin, especially students in their country. That suggests things are going much better than we expected.

I'm not from Salvador so I don't know what they're saying, I hope someone here can tell us what they are talking about.


https://twitter.com/BitcoinMagazine/status/1700485865330405816

And on what facts do you base your statement that things are going much better than they were a few years ago? Yes, there are undoubtedly more people who have learned about Bitcoin, but this does not make any positive trend. Still, people are accustomed to the traditional financial system, but they are afraid of this one and do not fully understand it.
This discourages many citizens of this country from using such a payment and settlement system. We need some more time and much more educational institutions. Why am I saying this? Only the next generation will be able to accept Bitcoin with all its advantages and disadvantages.

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This is indeed a double honour to El-Savador celebrating two years of bitcoin adoption as legal tender and also making history by creating a bitcoin educational program into every schools in El-Savador to be taught in their curriculum, these are unforgettable achievements Nayib Bukele is laying down the foundation that other generations could also meet and emulate, there's no how you will be in El-Savador and yet have no idea about how to make use of bitcoin in your economy and daily living, it's was made worthwhile with two years journey on bitcoin and still counting.

I don't understand how the halving will impact bitcoin adoption and its popularity in countries. When it comes to the adoption and popularity of bitcoin, we should spread the word about the decentralized nature and benefits of bitcoin to everyone. Once they understand the mission and features that bitcoin provides them, they will see how useful bitcoin is and how much they need it.

As for the halving, that will only make mining more difficult and will make bitcoin more scarce and valuable. I assume if there is no halving, it will not affect the adoption and popularity of bitcoin.

that is what the best to come from bitcoin supporting countries , to help educating younger generation towards the future and we knew how important Bitcoin and crypto to their life soon.
I hope that the next halving will bring more and more countries adopting and considering bitcoin to be helpful to their life and economy.

Maybe you can be patient if at this time your country still cannot accept the advantages of bitcoin in terms of benefits for the economy. I am also in a country that does not accept bitcoin as legal tender, but fortunate enough that my country still allows freedom when it comes to investment assets in bitcoin. Personally this is more than enough because we don't need to avoid regulations related to prohibitions and my country also facilitates a centralized exchange where bitcoins are bought and sold.

This is inseparable from Nayib Bukele's visionary vision in seeing opportunities in bitcoin and he is one of the leaders who dared to act even though he was opposed at first. So it is worth giving appreciation for the work so far, which has given birth to financial freedom as many people there hope for.

Yes That will follow in time and each country will surely have its own framework in selecting options. For me, the most important thing is that Bitcoin can be chosen as an investment asset, which is far more than enough and we will leave it up to how in the future each country sees opportunities in Bitcoin.