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I am glad that you appreciate that concept.. .. even though from my perspective, your valuing correct word usage still leads you and me to have differing views about the value of using the term crypto when talking about bitcoin and bitcoin's relationship to cryptocurrency and whether your use of the term crypto may well carry a lot of baggage about shitcoins based on actual happenings in the world.. rather than merely some abstract academic use of the proper use of the term when applying the use of the term to actual happenings in the world....and whether it matters or not.. which it seems to matter.
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Right, we have different views on some terms. Your position is clear enough but I don't agree with it. I see that you are worried about possible misunderstanding but you are the only one who misunderstood me with my terminology as for now.
My initial response was to the below cited for convenience post:
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The vicious circle starts when there is poverty that does not allow to get education and therefore there is a perpetuation of poverty. The president of Salvador (as any good president would) is trying to break this circle by attacking the poverty but he should also attack the ignorance at the same time, if possible, because we would encounter himself swimming against the stream otherwise. The vicious circles are quite hard to break at a personal level, ever harder at a nationwide level.
Yes, I understand that it is not a trivial problem to educate a society of an entire state so they can get better understanding of economy and crypto. But to adopt bitcoin we IMO have no other ways as any crypto solutions are still not so easy to use. To get all benefits crypto can give and not to lose crypto user should get enough economic knowledge. It is hard but it is the only way, IMHO. [/size]
Even though no one besides me complained about not understanding what you were talking about in the above cited post, I doubt anybody really understood what you were talking about in any kind of a sufficiently and adequately meaningful way.
Their failure to respond does not mean that they understood anything, and yeah sure they could guess about what you meant, but that does not mean that you had communicated very much substantive meaning.. or even made it clear what you meant. especially when there would be a lot of vagueness there and even multiple readings could be arrived at.
So you can deny and blame me for your vagueness, ambiguity (and possible misleadingness) all that you like... I doubt that you are being very realistic in your expectations that you had been communicating clearly about what you were talking about.
Even though I would not agree with any characterization of bitcoin education or implementation in El Salvador as a failure
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Returning to an idea of correct words: I never named "bitcoin education or implementation in El Salvador as a failure" so no one expects you to agree with such strange idea. I talked about problems and the ways of their solving, it is definitely not the same.
It could be true that I read too much negativism into your assessment of the problems that you were pointing out.. but since we are on a public thread, there is no reason to take that kind of an overreading personally.. and in any event, it allowed some further fleshing out of the topic, too.
If to talk in general it doesn't really matter what way of adoption a random country chooses for bitcoin unless it's a kind of criminal ban on using or holding: bitcoin gives a lot of benefits even with just its existence. Being a competitive alternative it can give interesting options for using directly but even for those who don't use it directly it gives benefits anyway as bank system is motivated to be more client-oriented not to lose clients.
It seems that a lot of folks have become interested and focused specifically in the way that El Salvador is going about their bitcoin approach (in a variety of angles) because El Salvador had chosen to implement bitcoin as legal tender law, which put them into a kind of unique position in regards to taking a comprehensive (rather than piece-meal) approach.. so that seems to make El Salvador more interesting rather than just any thing that a "random country" might decide to do.
Sure, there are ways in which any of us could minimize the El Salvadorean efforts or proclaim that they are a rinky-dink country or to proclaim that their efforts are so lacking in success that the results create effects that are not much different from what a piece-meal approach might have been. Whatever El Salvador is doing (even if lacking in success in some ways) still seems quite important in the whole scheme of things including providing some more pure laboratory grounds for bitcoin adoption experimentation and it seems to be an ongoing attempt at comprehensiveness across the whole country, even if some regions/cities are more advantaged than others to advance some bitcoin transactional/adoption practices.. some locations have more businesses and internet connections and other areas have more variety of people, and of course El Zonte.. (bitcoin beach) had a head start..
But as I do believe that it can give benefits from it's direct using and see that 71% of Salvadorians don't see the same while they've got all possible enabling legislative regulation for bitcoin I wonder what's the reason: if Salvadorians would knew what I know they'd definitely said that they have benefits from bitcoin adoption, so I conclude that the problem is in lack of knowledge. And the solution is in additional education.
Sure. It could take a decent amount of time in a lot of ways in terms of some of the normal El Salvadorean people to just getting used to what it is like to have a form of banking that might be different from traditional banking but still if they had not really had access to any kind of traditional banking then they might have some different ways of learning about banking like activities and even some skepticisms regarding even there might be any benefits in having access to a different kind of bank (bitcoin) which would have the possibility of also increasing monetary options in which there are likely going to be a decent number of mistakes that regular people are going to make along their learning journey.. and then also if there are likely going to be some challenges for some folks in getting used to the internet and technology.. even though apparently, El Salvador does seem to have a decent amount of mobile devices penetration.. but surely bitcoin implementation can cause incentives to build and to adopt those kinds of infrastructure and usage, and also for regular peeps to become inspired to learn how to use internet (technological applications) based approaches in regards to their money.. perhaps?
With anything, some people will be in a better position to learn than others, and some people will be more motivated to learn than others.
Now I've become interested. They invested in bitcoin clearly at a higher price. What about the country's economy now? I don't think there is much positive...
You have those kinds of thoughts because you are engaging with fantasy-inspired wishful-thinking rather than attempting to grapple with actual facts.
