Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 94. (Read 40928 times)

I don't even mind some discussion of crypto within a bitcoin thread, but there needs to be some clarification of both how the term relates to bitcoin or the extent to which something related to bitcoin or something else is being talked about.

Some people use the term "crypto" and they are wanting to talk more broadly about bitcoin and other crypto (shitcoins) or the industry more broadly to refer to Defi and NFTs too, and still if the term crypto is being used as a way to talk about the space more broadly, there is going to be some need to specify which portion of that is referring to bitcoin.. especially in a thread that is specifically about bitcoin.

I had one member tell me that it is o.k. for him to use the term "crypto" because everyone else is doing it (including mainstream media), and from my perspective, no one is excused to use such vague ass language merely because others are also using such vague references.

Same way i also got surprised if all that has anything to fo with bitcoin, they were all crypto influencing news around the globe that talks not even specifically about El-Savador or it bitcoin adoption and the thread here is all about "El Salvador has become the first country to make #Bitcoin legal tender" there are times replies goes off the radar on specific areas of discussion unknowing to the user, as a matter of fact this goes well with altcoins discussion to be precise, let's try to make it a difference whenever we are talking about bitcoin and crypto, their discussion should be on different boards precisely, now at the end of it all, i dont know what Wakate has got to offer about bitcoin or matters related to El-Savador in all his analysis, thanks JayJuanGee for the observation.

Maybe you should go back through your post Wakate, and tell us specifically what that has to do with bitcoin?  You did not use the word bitcoin at one point in your post, and El Salvador has specifically adopted bitcoin - even though shitcoins and various other projects related to bitcoin referred to as "crypto" have come along for the ride.

Sure, maybe you are actually talking about bitcoin, and maybe some of your references have bitcoin contained therein, but if you are not figuring out specifically what bitcoin has to do with those information points, then you are speaking meaningless gobbledy gook.. and there would be some advantage to us readers/recipients of your information (and quite likely even advantages to yourself) to present your ideas more clearly.. and especially here.. El Salvador specifically adopted bitcoin.. even though shitcoins have also gone into El Salvador too.. and so far, El Salvador has not been welcoming to shitcoins... even though shitcoins are there.

So many things had been happening in the crypto market currently since the bear market started and even with that, the crypto market does not relent falling dip like the bear market. The 2022 Global Crypto Adoption Index says the overall adoption rate has slowed down globally in a bear market it’s still above pre-bull market levels.

“Global adoption of cryptocurrency reached its current all-time high in Q2 2021. Since then, adoption has moved in waves … Still, it’s important to note that global adoption remains well above its pre-bull market 2019 levels,” the blog says, adding that global adoption leveled off in 2022 after growing consistently since mid-2019.  

Vietnam has once again topped the Global Crypto Adoption Index prepared by blockchain analytics company Chainalysis. The list has India at the 4th, the United States at the 5th, China at the 10th, and the UK at the 17th position in an Index containing 146 countries. Philippines and Ukraine are in the 2nd and 3rd positions respectively. Vietnam had topped the list last year, too.

The 2022 Global Crypto Adoption Index, a part of the 2022 Geography of Cryptocurrency Report by Chainalysis that will be released later, looks at the grassroots adoption of digital assets rather than countries having the largest share of the crypto trade.

It does not ends only in the mood of El-Savadoran's celebration of Independence but it also a thing of joy that sounds to their hearing on the occasion whereby the president Nayib Bukele stated his intentions towards nextyear presidential race ambition for re-election come 2024, he does not only introduced a new currency (bitcoin) to the people he has set the pace for establishing severignity, peace and liberty throughout the country upon his regime and lot of people have shown interest in support for his re-election. https://twitter.com/stacyherbert/status/1570604261356236800?t=iCKtibpFDPAbP3xm3MeCQQ&s=19

I’ve taken a brief look at the whole book, and at first sight, it depicts the topics in an orderly manner, going from the wider historical view on the origins of money, to the more focused approach on bitcoin/Bitcoin.

I figure that, if we were to go into details, we’d all find inconsistencies or expresions which could be improved. For example, on page 51 it states (translated):
We’d probably agree that the analogy between email and wallet is not the best of choices, that the send function was omitted within the phrase, and that quite a bunch of important types of wallets were omitted as well. Even so, we’d probably need to look at it from a wider angle and be a bit less nit-picky.

What I do miss though is a much wider contextual content to El Salvador. Bearing in mind that the book is intended essentially for students, it barely quote the country itself and the specifics of using bitcoin there as legal tender. There are no references to the Chivo System and it’s usage in everyday life, which might be deliberate, but it is the currently main wallet there, and it does manage both legal tender units.

Thank you for your update on this development, as widening the scope of Bitcoin education will increase the rate of Bitcoin adoption among El Salvadorans. Am sure in no distance time we will have the best academic materials from Bitcoin since the government in support of Bitcoin projects unlike other parts of the world where governments either see Bitcoin as a threat to their authoritarianism, I hope to see the English version of this educational materials so that I can have an in-depth understanding of the content of the book to see if it is educative or not.

As a follow-up to what I posted the other day, it seems that the whole textbook is now available in the following links for anyone to download (in Spanish):

https://github.com/MiPrimerBitcoin/Diplomado_v3.0/blob/main/Mi%20Primer%20Bitcoin%20-%20Libro%20de%20Trabajo%20(V3.0).pdf

https://raw.githubusercontent.com/MiPrimerBitcoin/Diplomado_v3.0/main/Mi%20Primer%20Bitcoin%20-%20Libro%20de%20Trabajo%20(V3.0).pdf

I looked around for it the other day for quite a while with no results, but it seems that the ONG that’s behind the textbook has made it available today through its twitter account, encouraging people to download it for free providing there in no commercial usage of the book.

Great way how to give education about bitcoin after El Savador adapting with bitcoin as legal currency transaction, not matter with firstly legal bitcoin as currency transaction and later announce to public how to give education about bitcoin trough textbook. Usually before bitcoin adapting as legal currency transaction El Savador need to give education about what kinds of bitcoin, but legal early and later announce or giving public education about bitcoin.

Most serious with El Savador for educating their people to know about bitcoin, give student education trough bitcoin textbooks and I think later they have new innovating how to make their people most easy understand about advantage when adapting bitcoin as legal currency transaction at the future.

It is a good thing that the President is pushing through with all means possible to achieve the capital project of the bitcoin bond even though the rest of the world may have judged his actions as a failure based on the current market conditions of Bitcoin forgetting the fact that if one wants to judge based on data and analysis of protective development most especially capital projects such as the El Salvador Bitcoin bond and Bitcoin adoption, in general, have to be based on long term base let say 2+ years time frame before making any reviews of its impact on the economy expecting its impact to be immediate will only result in the mid conception of the whole idea just like what we are having already from the general public on the El Salvador Bitcoin adoption which many sees it as an experiment that has failed. President Neyib is committed to the development of Bitcoin city and other infrastructural projects that will propel the advantages of Bitcoin adoption on the economy of the country.

El-Savador had come at it again with the surprise to all that have been saying contrary things about the real status quo of the happenings within it country, its launching the 2023-2025 all debt due within the specified years from external source as today marks their official day for public purchase and every interesting and eligible bond bearers can has access to the purchase as well, this is an indication of how the state of the apprehension of situation surrounding it bitcoin adoption continue to progress by clearing it debt.

     
https://twitter.com/nayibbukele/status/1569409143156494338?t=e6Y-d8f2jeq8FZ48tmWOrA&s=19

Is El Salvador’s Bitcoin adoption a failed experiment?

https://theconversation.com/one-year-on-el-salvadors-bitcoin-experiment-has-proven-a-spectacular-failure-190229

Yes.. fair enough.

Thanks for clarifying that point, and surely it seems that El Salvador is ongoingly pushing a variety of adoption efforts forward, so it is likely more and more difficult for critics (largely bitcoin naysayers) to really have any basis in reality for the extent of their various criticisms, but the critics are likely NOT going to stop with their ongoing loosely based in reality negative talking points.


I am sure that El Salvador is working on what they can, including making improvements to the internet.  Governments are usually able to focus on a number of things at the same time - especially if they are able to get help from various segments of private industry and the more that the public comes aware of bitcoin and comes on-board, then the more help that citizens will be making for themselves.  I doubt it is just a one focus matter, and countries surely vary in the quality and extensibility of the internet penetration in their country and they also very in regards to how many residents have access to portable electronics (such as phones and other devices) and know how to use them, whether in relationship to bitcoin or other ways that portable electronic communication devices are used these days.

a pretty good step in my opinion because by making changes there will definitely be good impact for the country of el Salvador, adopting bitcoin is certainly a good thing for the economy, but don't forget that not all El Salvadorans use the internet, in 2019 only 50.5% of citizens use the internet. so approximately half of the population has not used the internet, so maybe that's what the government of el Salvador should fix, maybe this is a good step to take a step forward and there will definitely be those who agree and disagree as well.[/ftp]

I didn't mean that El Salvador made a mistake by not educating the people before the adoption of bitcoin. I was to say there were discussions and critics that El Salvador didn't educate the people about adoption and this to be the reason for its failure. Now for people with such a mind, El Salvador have made this awesome way of education through bitcoin textbook.

I agree with the first part of your post n0ne - however, these last two sentences are really weirdly phrased.  You seem to be presuming that El Salvador made some kind of a mistake in the beginning by failing to properly educate the population about bitcoin prior to launching bitcoin, and therefore, El Salvador is ONLY making up for their having had made a mistakes and blunders in their bitcoin introduction in the beginning.

That whole idea is full of shit in the sense that you are adopting the framework of the bitcoin naysaying critics by presuming mistakes - when the fact of the matter remains that bitcoin is still very much developing - including education materials are being built along the way....   

It is quite possible that nothing would get done if there were requirements that everything be perfect from the start (don't let the perfect be the enemy of the good), and the fact of the matter remains that El Salvador was working with materials that they had at the time of launch, and there is no real meaningful information that El Salvador acted prematurely (except a bunch of bitcoiner naysayers ongoingly whining about the idea of the poor suffering people of the country to receive bitcoin as an option as of last year, even if some of them had to figure out shit for themselves if they did not know what to do or maybe they could just keep doing what they had already been doing.. which was using the dollars.

Furthermore many basic education materials did not likely exist, including NOT existing in Spanish.. so many different entities including the government jointly jumping on board are being developed and tailoring the development of materials and aspects of promoting bitcoin along the way.. so..what better way to develop education materials than to have an atmosphere in which various ideas and practices of bitcoin can be promoted and expanded within an atmosphere in which everything is legal and open and even promoted.. and it seems that El Salvador is ongoingly facilitating the development of a lot of a variety of ways to learn and to potentially be able to apply their learnings at the same time.

There is big saying that the Bitcoin adoption within the country have failed. The major reason being the lack of awareness and education about bitcoin. This is a needed move from the government to create a textbook on bitcoin. People who are not into bitcoin too might get into bitcoin usage once after going through the textbook. The country is going a planned track, because it missed something at the beginning with the expectancy of market to be bullish. Now the country is correcting itself which is good for the future.

I was trying to see the real scope of usage of the book, wondering specifically if it is material that is being used at schools throughout the country, or whether on the other hand the scope is delimited for some reason or other.

As far as I’ve managed to make out, the image shows pages from a book called "Diplomado en Bitcoin", which verses on the following topics:

1.   Introduction: The Monetary System
2.   Consequences of FIAT money
3.   History of money
4.   What is Bitcoin?
5.   Wallets and the Bitcoin Network
6.   Double Spend and Nodes
7.   Security and Mining (where the image is taken from)
8.   The Value of Bitcoin
9.   Lightning Network and the Future
10.   End Project Delivery and Evaluations

See: https://twitter.com/MyfirstBitcoin_/status/1541924747293908993

Now the book is part of the material that the NGO Mi Primer Bitcoin is using to run their Bitcoin Diploma program in El Salvador. The program currently has been imparted in a single school for over 10 weeks to 38 public high school students, and is currently undertaking the task in a second school.

The goal is to eventually roll out nationwide next year, though I figure going from pilot test to full scale roll-out will be a massive quest, and I’ve yet to see how feasible it will be and, above all, if they can get the government to chip into the project from multiple angles.

El Salvador Launches BTCitcoin Textbook. (̶◉͛‿◉̶)

El Salvador is slowly bringing Bitcoin into every corner of their country. Following their plan to build Bitcoin city, they recently announced the release of a Bitcoin textbook.
El Salvador has continued to introduce Bitcoin into education, which is a hugely important step forward.
Bitcoin education for students is essential for them to understand Bitcoin technology as well as the benefits that Bitcoin brings them in the future.



https://twitter.com/stacyherbert/status/1568649600294350849

agreed, it is not the main problem of this country presently.
main is fight against insecurity and violent crime in the country, and good points are done.