Topic: Probability Failure of Central Africa Republic & El Salvador Bitcoin Adoption - page 2. (Read 276 times)

One thing everybody just need to understand is that Bitcoin can never take the place of fiat currency entirely, both works hand in hand, and thats why the value of Bitcoin is always represented in USD rate. Because the more a country adopts Bitcoin as a legal tender, the more the price of Bitcoin wil rise, because it's total supply is not enough, so in other to circulate round it has to increase in value. But if all the countries adopt Btc, its value will die drastically as there will be no competitive economy

https://bitcointalksearch.org/topic/first-african-country-adopts-bitcoin-as-official-currency-5395977

It is a nice move by central Africa Republic Authority to adopt bitcoin which second to El Salvador (First Bitcoin City) in the world. https://bitcointalksearch.org/topic/first-bitcoin-city-5372455
 https://bitcointalk.org/index.php?topic=5377037.0;topicseen



But what I am hearing about El Salvador failure of Bitcoin Adoptation in the country should not happen in Central Africa Republic. What I am  sensing in the world charters is that Countries are adopting bitcoin without a proper plan to execute the projects. The charter is that USA dollar is dominating other fiat currencies and bitcoin is high than dollar, so it is not allowed Countries to adopt it.

And I also think that the reasons why Countries adopt bitcoin and failure, though I have mentioned it but let me give the indept. Probably the total number of bitcoins in the space is not enough for them to accumulate and use it as a Fiat currency for all. And if it is not that reason, then there is a power behind the failure because as an independent Nations, they have the sovereignty to adopt bitcoin but the notion (charters) here is that if they adopt bitcoin in their Countries it will affect USA, UK and other world powers Countries' economies.

USA is making a lot of profits from Dollar Exchange Rate with other fiat currencies. And BITCOIN is high than dollar, so, any country that is planning to adopt bitcoin to be use generally in the country will be secretly attacked by the Developed Countries, because the Developed Countries use the developing countries to develop themselves through the exchange rate. And also, the developed Nations wouldn't adopt Bitcoin because the 3rd world Nations will follow up, and once the developing countries follow up, there will be equilibrium in the world Currency market. Because everyone now will be using the same Currency and to avoid that and maintenan Capitalism in the world, They have to stop Countries to adopt bitcoin but individuals can use it.


https://www.google.com/search?q=bitcoin+with+dollar&client=ms-android-transsion-itel-rev1&sxsrf=ALiCzsbxmQ_1tMbjQoIiQLyrE4cjkobb6w%3A1653155043864&ei=4ySJYvyuNKuMlwTZwZ_IBQ&oq=bitcoin+with+dollar&gs_lcp=ChNtb2JpbGUtZ3dzLXdpei1zZXJwEAMyBwgjELADECcyBwgjELADECcyBwgjELADECcyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyDAguEMgDELADEEMYATISCC4QxwEQ0QMQyAMQsAMQQxgBMgwILhDIAxCwAxBDGAFKBQg4EgExSgQIQRgAUN4UWLzSAWCR3AFoAXABeACAAQCIAQCSAQCYAQCgAQHIAQ7AAQHaAQQIARgI&sclient=mobile-gws-wiz-serp