El Salvador's President Bukele gets An 85% Approval Rating

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Quote from: teosanru on March 26, 2022, 12:56:43 PM

Quote from: BenjaminGlover on March 15, 2022, 06:54:10 AM

An opinion survey conducted by Gallup found that El Salvador's President Nayib Bukele has received an approval rating of 85 percent. He is the most highly regarded Latin American leader among 11 Latin American countries ranging from Mexico to Peru, according to polls. In September 2021, the Central American country of El Salvador declared Bitcoin to be legal money. With the tactic of buying the drop, the nation has significantly expanded its Bitcoin holdings.

What do you think of this development?

I think He is a very forward looking leader and I know it's primarily due to the small population but even then it's very difficult to have such a high approval rating of any leader of any country. Best a good leader can go upto is 70-75%, anything more than that is really surprising to be honest. Bitcoin legalization might be one reason but I doubt this would be the only reason, people look for a lot of other things in leader than just economics.

You are right because for me he is a total leader, the fact of implementing Bitcoin in his country despite the fact that he had against some part of the population, the IMF and a series of countries that are against them, he has known how to do things.
Some think he is crazy, and others that he is a genius, but I think he is a forger of having a great future for himself and his country and I know that in the very near future when BTC rises in price he will have great benefits, personally I did not see El Salvador as an attractive country to visit, but with all of Bitcoin City and the positive things that are said, I'll stick with it.

goldkingcoiner

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Quote from: BenjaminGlover on March 15, 2022, 06:54:10 AM

An opinion survey conducted by Gallup found that El Salvador's President Nayib Bukele has received an approval rating of 85 percent. He is the most highly regarded Latin American leader among 11 Latin American countries ranging from Mexico to Peru, according to polls. In September 2021, the Central American country of El Salvador declared Bitcoin to be legal money. With the tactic of buying the drop, the nation has significantly expanded its Bitcoin holdings.

What do you think of this development?

Either he is a really really good guy genuinely or those are boosted numbers for the political clout. Honestly, I myself cannot imagine anyone other than Mahatma Ghandi or Mother Theresa being approved by 85% of the people. It just seems a bit unrealistic to me. But then again perhaps I have grown wary of any kind of Propaganda after Russia's 140% rating of Putin (years ago).

I would love to see Nayib's contributions to society and the things he did to gain such huge approval, although...

Bitcoiners are good people, in my book, at least.

Ale88

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Quote from: fillippone on March 28, 2022, 11:35:03 AM

Nayib Bukele issued some strict regulation following a surge on murders on El Salvador:

Curious to see how this is going to work out. Due the situation I can understand why he is doing it. What I'm going to say is not a popular opinion but sometimes democracy simply doesn't work, so alternative (temporary) solutions must be found.

Quote from: fillippone on March 28, 2022, 11:35:03 AM

He mentioned the fact that a El Salvadorean passport would come with a 150K investment in bitcoin bonds.
I think this doesn’t bode well for this initiative.

For sure this is not good for him and the country. Many people already had several security concerns about moving to El Salvador, a murder rate increase is a serious thing.

fillippone

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Nayib Bukele issued some strict regulation following a surge on murders on El Salvador:

He mentioned the fact that a El Salvadorean passport would come with a 150K investment in bitcoin bonds.
I think this doesn’t bode well for this initiative.

teosanru

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Quote from: BenjaminGlover on March 15, 2022, 06:54:10 AM

An opinion survey conducted by Gallup found that El Salvador's President Nayib Bukele has received an approval rating of 85 percent. He is the most highly regarded Latin American leader among 11 Latin American countries ranging from Mexico to Peru, according to polls. In September 2021, the Central American country of El Salvador declared Bitcoin to be legal money. With the tactic of buying the drop, the nation has significantly expanded its Bitcoin holdings.

What do you think of this development?

I think He is a very forward looking leader and I know it's primarily due to the small population but even then it's very difficult to have such a high approval rating of any leader of any country. Best a good leader can go upto is 70-75%, anything more than that is really surprising to be honest. Bitcoin legalization might be one reason but I doubt this would be the only reason, people look for a lot of other things in leader than just economics.

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Hard to imagine a president with such a high approval rating. I’m the plus side, Joe Biden’s disapproval rating will be that high very shortly. It’s amazing to see how El Salvador is thriving under the decisions of Bukele while the United States is falling into disrepair with Biden at the helm. I always thought that President was a position that was more about PR than anything else, but these two individuals highlight the difference a President can make. I only wish we had such an open minded and forward thinking leader would could make hard decisions to advance his country for the good of it’s citizens.

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Something new always takes time to adapt, and so does bitcoin in El Salvador. The most amazing thing behind all the fame of bitcoin is that its president became an important actor where he was the first president who was brave enough to adopt a decentralized financial system for his country. The decision was difficult for other countries, but his big ambitions for bitcoin have set him apart from the governments of other countries.

Sooner or later the popularity, usability, knowledge and so on will continue to grow in El Salvador about bitcoin. They have a leader who supports bitcoin and that will make it easier for bitcoin to become the most dominant currency used in the country in the future. In the end I would think that the people of El Salvador would be comfortable with bitcoin.

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Quote from: slackovic on March 23, 2022, 03:18:30 AM

The problem with people of El Salvador adopting Bitcoin is that for one to do it, he/she needs to be tech savvy. You can't use Bitcoin if you at least never used a mobile phone. I'm not saying that no one in El Salvador doesn't use a mobile phone and I'm sure that in big cities that number is pretty big. But people in rural areas have probably heard about Bitcoin but haven't used it. According to this report (I don't know how trust worthy it is), only half of El Salvador's population uses Internet.

I do not think that the requirement to be tech savy is as high as people claim it to be. I get that 80+ year old people may not do it, but my 70+ year old dad could setup his own smart watch, if he can do that, I am sure that putting some money into coinbase and getting some coins with it shouldn't really be that hard.

I will give it a go and ask him to do some, just to see if he can, he never really did because I do it anyway (buying btc) but to see if he can, I will ask him to do some small amount. I believe it depends on the type of person as well, I know friends of my dad, around same age, who do not even own a smart phone, so I guess there is a gap between people as well.

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Quote from: Ale88 on March 23, 2022, 11:57:15 AM

Quote from: slackovic on March 23, 2022, 03:18:30 AM

The problem with people of El Salvador adopting Bitcoin is that for one to do it, he/she needs to be tech savvy. You can't use Bitcoin if you at least never used a mobile phone. I'm not saying that no one in El Salvador doesn't use a mobile phone and I'm sure that in big cities that number is pretty big. But people in rural areas have probably heard about Bitcoin but haven't used it. According to this report (I don't know how trust worthy it is), only half of El Salvador's population uses Internet.

And do you think that the situation in the first world's big cities is different? I don't think so. Probably the only difference is that people did hear about bitcoin, but I don't think many of them actually used it. Knowing the existence of something doesn't automatically mean that you also use it. Right now I feel that the majority of people are ok using Apple Pay, Google Pay, etc, not (yet) bitcoin.

Bitcoin payment UX is still cumbersome, to some extent, notwithstanding the message LN proponents want us to believe.
Or at least is still worst than many credit card users are willing to accept.

But hey, we are still early, and LN has made gargantuan steps toward a flawless experience as credit card's one.
Which, now have a smooth front end, but still are lagging in the back end with the exact same mechanics used 40 years ago..

Ale88

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Quote from: slackovic on March 23, 2022, 03:18:30 AM

The problem with people of El Salvador adopting Bitcoin is that for one to do it, he/she needs to be tech savvy. You can't use Bitcoin if you at least never used a mobile phone. I'm not saying that no one in El Salvador doesn't use a mobile phone and I'm sure that in big cities that number is pretty big. But people in rural areas have probably heard about Bitcoin but haven't used it. According to this report (I don't know how trust worthy it is), only half of El Salvador's population uses Internet.

And do you think that the situation in the first world's big cities is different? I don't think so. Probably the only difference is that people did hear about bitcoin, but I don't think many of them actually used it. Knowing the existence of something doesn't automatically mean that you also use it. Right now I feel that the majority of people are ok using Apple Pay, Google Pay, etc, not (yet) bitcoin.

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Quote from: taufik123 on March 23, 2022, 02:36:41 AM

Quote from: fillippone on March 18, 2022, 05:02:25 PM

An italian podcaster spent more than one month in El Salvador spending only bitcoin: no usd, no credit cards, only bitcoin, both onchain and LN.
He said that the average people in El Salvador know very little about bitcoin, so I guess this astonishing level of popularity is due to other reasons than our mutual orange friend.

Some of the information on the internet and social media does not match the reality. If the people of El Salvador knew little about bitcoin, the adoption would not be complete. A few months ago when EL Salvador started adopting bitcoin there were a lot of pros and cons, there was a lot of controversy that led to a demo.
However, Nayib stuck to the decision to use bitcoin and continued to develop it until he founded a bitcoin mining company using volcanic mountain energy and is currently going to develop Bitcoin City.

The problem with people of El Salvador adopting Bitcoin is that for one to do it, he/she needs to be tech savvy. You can't use Bitcoin if you at least never used a mobile phone. I'm not saying that no one in El Salvador doesn't use a mobile phone and I'm sure that in big cities that number is pretty big. But people in rural areas have probably heard about Bitcoin but haven't used it. According to this report (I don't know how trust worthy it is), only half of El Salvador's population uses Internet.

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Quote from: fillippone on March 18, 2022, 05:02:25 PM

An italian podcaster spent more than one month in El Salvador spending only bitcoin: no usd, no credit cards, only bitcoin, both onchain and LN.
He said that the average people in El Salvador know very little about bitcoin, so I guess this astonishing level of popularity is due to other reasons than our mutual orange friend.

Some of the information on the internet and social media does not match the reality. If the people of El Salvador knew little about bitcoin, the adoption would not be complete. A few months ago when EL Salvador started adopting bitcoin there were a lot of pros and cons, there was a lot of controversy that led to a demo.
However, Nayib stuck to the decision to use bitcoin and continued to develop it until he founded a bitcoin mining company using volcanic mountain energy and is currently going to develop Bitcoin City.

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It’s really good that they are buying the drop. They are going to benefit from this in the years to come, bitcoin is a good asset for this country to hold and I believe in the future when the value of Bitcoin increases they are going to make a huge profit from it as they are investing at lower price now.

A lot of analysts believes that the next ATH price is going to be as high as $100,000 and would even cross that price. It’s going to be double of what they have now. I believe that Bukele is doing a really good job in the country which is why he has been given an 85% approval rating.

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Quote from: DdmrDdmr on March 22, 2022, 04:35:10 AM

Quote from: Ale88 on March 21, 2022, 08:01:13 PM

<…> I read the document and I'm not sure that those people were actually interviewed on the phone rather than they were adults that own(ed) a mobile phone: "muestra representativa de la población adulta con teléfono celular". That's the way I understand that part.

That’s because they logically needed a phone in order to be called and interviewed on the phone Wink

…

The technical data on the survey methodology stated that (translated):

Quote

Type of Interview -> Personal, to cellular phones

(i.e. phone call interview)

I didn't notice the table on the bottom, you're right, but the article is not well written: I speak Spanish and I have Spanish mother tongue in my family, I asked and they understood it the same way I did. So now I'm even more surprised that there actually are people who accept to answer to political polls on the phone...

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Quote from: BenjaminGlover on March 15, 2022, 06:54:10 AM

An opinion survey conducted by Gallup found that El Salvador's President Nayib Bukele has received an approval rating of 85 percent. He is the most highly regarded Latin American leader among 11 Latin American countries ranging from Mexico to Peru, according to polls. In September 2021, the Central American country of El Salvador declared Bitcoin to be legal money. With the tactic of buying the drop, the nation has significantly expanded its Bitcoin holdings.

That's very high approval rating for a President, it means that he has the full support of almost the population. And with this, hopefully he can developed El Salvador to be one of a tourist spot and then continue with his projects.

Quote from: BenjaminGlover on March 15, 2022, 06:54:10 AM

What do you think of this development?

This is good news specially for bitcoin, perhaps he could be emulate by other Latin American President because of his friendly stance and maybe this could be a platform for aspiring President too, to become pro-Bitcoin.

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Quote from: BenjaminGlover on March 15, 2022, 06:54:10 AM

An opinion survey conducted by Gallup found that El Salvador's President Nayib Bukele has received an approval rating of 85 percent. He is the most highly regarded Latin American leader among 11 Latin American countries ranging from Mexico to Peru, according to polls. In September 2021, the Central American country of El Salvador declared Bitcoin to be legal money. With the tactic of buying the drop, the nation has significantly expanded its Bitcoin holdings.

What do you think of this development?

I wouldn't link this approval to BTC as legal money. Bukele is a populist (and oriented to the right) that has maintained more or less the same rate of approval throughout his mandate. If anything, he has faced more criticism after his BTC policy than before. And has the situation of the average citizen really improved that much since that policy was implemented? That would really be crucial for it to be viewed as a sucess.

Erumo

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When Bitcoin was accepted as a legal payment method in El Salvador, people were doing piquets against it and crashed ATMs. They were completely against that and against Bitcoin city in El Salvador. And now 85% of them are for Bukele. With such support, Bukele is going to buy another hundred of BTC and crash its price again Cheesy

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I say that we shouldn't trust surveys at all, it's not like they've interviewed the whole population of El Salvador and not to mention that surveys create an illusion that something's perfect not to mention sometimes they're even manipulated. I wouldn't look at those polls, better to look at economic reports or the real status of the country by seeing what's really happening there.

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Quote from: BenjaminGlover on March 15, 2022, 06:54:10 AM

An opinion survey conducted by Gallup found that El Salvador's President Nayib Bukele has received an approval rating of 85 percent. He is the most highly regarded Latin American leader among 11 Latin American countries ranging from Mexico to Peru, according to polls. In September 2021, the Central American country of El Salvador declared Bitcoin to be legal money. With the tactic of buying the drop, the nation has significantly expanded its Bitcoin holdings.

What do you think of this development?

You seem to connect this only with Bitcoin, but he may very well be doing a great job and receiving the support of his people regardless of that fact. He has also managed to buy favor with a lot of people through giving away such free sums of money (paid for by the tax payer) and as we've seen all over - sometimes the people who are most media savvy can also be terrible leaders. He also bought into Bitcoin before the drop, so it'd be interesting to see how much money was lost or what the value of the original holding is compared to the purchase price - only then can you make a sensible judgement on this. Let's hope this is a truly democratic poll instead of stage engineered.

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Quote from: DdmrDdmr on March 18, 2022, 05:24:08 PM

Honestly, it seems like an exceedingly basic survey, where around 1.200 people were called on the phone between January and February of this year, and asked whether they approved their president’s management. This was performed in multiple latam countries.

Searching a bit around, with the inconvenience of having to do so in English rather than Spanish seems like Mauricio Funes managed to get 72% in the same Gallup ordered poll, while Statista show some real weird numbers. If Honduras gets an average of 50% something is definitely wrong there.

But for Buekele probably the decrease in murder rates and violence after his truce or bribery to the gangs ruining the country is more likely to be the cause of an uptrend in approval. There is way too little that people could have gained to date from bitcoin adoption to make them that happy, long term this might be a reason but not over just 6 months.

Topic: El Salvador's President Bukele gets An 85% Approval Rating (Read 341 times)