Quote from: NeuroticFish on Today at 09:18:13 AM

Quote from: Wind_FURY on Today at 08:31:34 AM

Everyone is looking at El Salvador to be “the home” of Bitcoin, but I believe Singapore is better to be the true hub of the Bitcoin industry, with serious players.

The "legal tender" and the fact that's rather close to US make El Salvador very important.

The fact that other countries are Bitcoin friendly doesn't mean that much. And while El Salvador has its place in history now, Singapore will probably have quite a competition into becoming a "hub" (and probably not from El Salvador).

Quote from: Wind_FURY on Today at 08:31:34 AM

Singapore has made a lot of effort on the technological sector. It cannot be said of El Salvador.
Singapore has clean governance, and almost zero corruption. El Salvador’s government structure might be corrupt everywhere from the bottom to the top.
Singapore’s banking industry is what made the country develop into one of the richest countries in the world. It can further develop by embracing the Bitcoin industry.

Imho these don't matter that much and the comparison is uneven. And you tried to compare apples with oranges, making a fruit salad.

As long as the banking industry didn't embrace Bitcoin in Singapore, all you are saying is wishful thinking.
And the history has shown that the "possibly more corrupt government structure" has already done a step the "almost zero corruption" govt of Singapore was afraid to make. So comparing the corruption may not bring anything useful.

I think that El Salvador will probably not become a tech hub for Bitcoin. It may very well be that even Singapore won't be that. Imho, whether we like it or not, US has bigger chance for that.

I believe that will change, and the Singaporean government, and their banking industry might soon welcome crypto-exchanges, hedge funds, and start ups and become the safe haven of the whole Bitcoin and cryptocurrency industry. Serious players have already made Singapore their home. Jihan Wu, Vitalik Buterin, and the Winklevoss twins made it their home in Asia.

Quote from: Karartma1 on Today at 10:11:34 AM

Quote from: Wind_FURY on Today at 08:31:34 AM

Everyone is looking at El Salvador to be “the home” of Bitcoin, but I believe Singapore is better to be the true hub of the Bitcoin industry, with serious players.

Singapore has made a lot of effort on the technological sector. It cannot be said of El Salvador.

Singapore has clean governance, and almost zero corruption. El Salvador’s government structure might be corrupt everywhere from the bottom to the top.

Singapore’s banking industry is what made the country develop into one of the richest countries in the world. It can further develop by embracing the Bitcoin industry.

I don't see Singapore making bitcoin legal tender anytime soon. That's the main difference between the two countries right now.
Bitcoin doesn't need no tech infrastructure, no govt approval, no banks to function properly.
Singaporean banks are accepting bitcoin to get new revenue streams.
Salvadorans will accept bitcoin to become financially independent in the future.
I see big differences here Cool

It’s not about Bitcoin as a legal tender. It’s about a country welcoming the Bitcoin industry, to build and develop to be as successful as the banking industry.