Quote from: Obito on June 07, 2021, 04:29:43 AM

Quote from: lunaBTC 12 on June 07, 2021, 03:40:15 AM

If the bitcoin bill is passed and becomes El Salvador's legal tender, it will be a great progress in the cryptocurrency and bitcoin industry.

Starting from El Salvador, it gradually influences other countries and finally the whole world. This is an important part of social and human development.

How will hey address the issue of people not having access to bitcoin though, I am sure that not everyone have a phone or electronic device in their country and probably they have a really big population that are below or in the poverty line. It's important but the problem is if they take it too hasty, they will probably experience the effects which are opposite of what they are trying to do.

I decided to respond to this especially since you had decided to chide another member - see below for using your post as a springboard to say whatever that poster had wanted without addressing the concerns that you brought up in your post (see below).

Surely, I do not know too many of the on the ground facts either, but any of us should be able to speculate about such facts in such a way that does not end up arriving at a dire conclusion, unless all that you are wanting to achieve is the arrival at a dire conclusion by reading negativities into what seems to be a decently powerful, empowering and positive news.

My understanding is that there are around $7million people in El Salvador, and let's assert that the place is so god damned poor that ONLY about 1/10 of its population has cell phones, and perhaps similar numbers for various kinds of internet access or wifi.

I would think that this is going to mean that the government is going to have to start to invest in the development of that kind of technology and create incentives for the building of the infrastructure and getting some kinds of electronic device into the hands of more people, including any businesses that might be selling goods and services. If the situation is very dire in terms of lack of availability of such devices, then I would consider that the government is going to have to work its ass off in terms of trying to make this successful beyond merely 1/10 of the economy.

I doubt that the on the ground situation is as dire as you seem to be presumptively making it out to be, Obito, even if it might take some work and perhaps many years to spread even the technological abilities, my understanding is that there has been a kind of bitcoin beach already present in El Salvador and certain levels of expansion of adoption of the Strike app... so the El Salvador President has already seen some "on-the-ground" possibilities based on already existing facts and technological possibilities. I would think that the El Salvador President has some ideas about the kind of technological expansion possibilities or would have made the bill a wee bit more whimpy in terms of saying that businesses need to accept bitcoin unless they technologically are not able to.. which is already pretty strong language to be suggesting in such bill if the situation on the ground in El Salvador were to be as barbarically lacking as you seem to be presuming in terms of your doom and gloom ideas about failure or costs of going forward with bitcoin as legal tender greater than benefits, blah blah blah.

Quote from: Obito on Today at 07:31:29 AM

Quote from: fauzan Ichsan on June 07, 2021, 05:21:44 AM

Quote from: Obito on June 07, 2021, 04:29:43 AM

~snip

as far as the news I read, indeed the government has submitted a bill to legalize bitcoin as a means of payment. if approved, then el salvador will be the first country to legalize bitcoin. and I think for internal problems as you describe of course the rules are a compulsion

That doesn't answer my question though, how will the impoverished population going to access bitcoin if they don't even have their own electronic devices since they can't afford it, next time try to answer what you're going to quote.

If we are in a public thread members can quote others for whatever reason that they like, or no reason at all... so sure it would be nice if members were responsive to the posts that they quote, but members are all over the place - especially newbies.. not trying to give any excuse to the newbie, but members are all over the place and sometimes do not have any clue about how to answer a speculative question, such as the one you presented, Obito.. in which you seem to be presuming facts and then wanting some other member to provide facts for your hypothetical.. and perhaps agree with your presumptive conclusion that this whole El Salvador bitcoin initiative is seemingly doomed to failure "cause da peeps there be too much poor ones.".. and maybe you are correct in the end, but seems like you are doing a lot of presuming and assuming too in your arrival at such a conclusion in such an early stage that we are ONLY one week into the announcement and only a few days into the bill passing (admittedly things seem to be moving pretty quickly there, but they also have 90 days from the publication of the bill - which presumably happened a few days ago - let's say June 8 - before the law goes into effect - let's say second week of September for the law to go into effect).