Quote from: el kaka22 on Today at 06:07:09 AM

It is not about El Salvador being a hub, it is not a hub, it is about how countries started to see bitcoin as a legal tender and that is the reason why people are seeing it as something good and as long as people keep seeing it as something good then we should not diminish the importance of it neither.

No one is diminshing the importance of the El Salvadorian government’s experiment. I was merely pointing out facts, and the differences between El Salvador and Singapore. Which economic environment would the Bitcoin/cryptocurrency industry flourish more?

Quote from: davis196 on Today at 06:16:50 AM

AFAIK Singapore isn't very Bitcoin/cryptocurrency friendly.

Do you have any insider information that Singapore is going to become pro-Bitcoin and accept Bitcoin as a legal tender?Are we going to play the guessing game about which country will be "the new El Salvador"? Grin

Isn't this just wishful thinking about what will happen to Bitcoin,if country X(insert random name of a country) adopts BTC? Grin

I believe that Bitcoin should be a truly global currency/asset.We shouldn't rely on one,two or several countries to be considered "the home of Bitcoin".

I don’t have insider information, but everyone knows Jihan Wu is based in Singapore, Vitalik Buterin and the Winklevoss twins considers Singapore Gemini’s home in Asia.

Quote from: TheUltraElite on Today at 06:12:13 AM

Quote from: Wind_FURY on July 14, 2021, 08:31:34 AM

Everyone is looking at El Salvador to be “the home” of Bitcoin,

It is the hype making people think like that. The real home of bitcoin is in the heart of the people who use it, not a country. Decentralized is the key word here.

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

Japan has the biggest technologically advanced society out there. So why not Japan? In fact the use of bitcoin in japan has increased much in the recent years and I remember a couple of news that came in 2017 which I will link here:

https://www.cnbc.com/2017/04/12/bitcoin-price-rises-japan-russia-regulation.html
https://www.cnbc.com/2017/09/29/bitcoin-exchanges-officially-recognized-by-japan.html

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

None of that helps unless the governments are willing to allow cryptocurrencies to be used legally or at least with less problems of the "grey area". I know the combo of a corrupt government and crypto is a bad idea but I feel we are lacking information to comment more on this.

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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.

The skeptic would say that if the fact that banking sector has its roots close, would mean bitcoin would not get any space there. But practically banks can also use blockchain to deliver services and store information at the same time not allowing governments to accept crypto.

Japan is advanced in Electronics and Robotics, and they don’t have the same environment for money markets, and investment banking that could provide capital to Bitcoin and cryptocurrency start ups.