Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
datguyian
on 25/07/2021, 20:12:23 UTC
it's very good that there are countries that adopt bitcoin. this is a very important process. like this, what will be done by countries in asia, such as iran for example. that's why some countries have started to legalize bitcoin, this is a sign that the digital currency can serve as a legal tender. And also a long-term investment.
I really agree with your opinion, this is a very good step taken by el salvador, in my estimation if el salvador succeeds in adopting bitcoin well, and is able to make their country more developed, and their economy better, I am very sure other countries will follow in the footsteps of el salvador in the future,
- Having just skimmed through some of the results on the forum about EI Salvador's adoption of bitcoin, an outcome that may be out of reach for fans, enthusiasm is very low when the rejection rate is unusually high, many crypto members are feeling these figures are problematic and faked but reflecting on this issue, I feel people in EI Salvador still trust their currency more and fear such a great innovation
maybe it is still necessary to provide education first, even though the state's goal is to improve the country's economy, but if there are still many who do not understand, it can be ascertained as you say, there will be rejection and that is normal but with the passage of time by providing an explanation and the government's commitment to the adoption of bitcoin to the public, it can be resolved as well as possible.

as long as the government's goal is to improve or take any steps there will be rejection, because there are those who benefit and lose, but if the government really aims for the progress of the nation, it will be resolved and can be well received. there will always be resistance in every change.

hopefully the elsavador impact will make bitcoin a lot of countries to follow and bitcoin will be able to increase in time.

Did El Salvador just make Bitcoin legal tender or did they also pass laws that make it easier for businesses and business people who deal with Bitcoin or whose business accepts Bitcoin do get any advantages? Or let's say advantages compared to the rest of the world? By only making Bitcoin legal tender, it probably won't have much of an influence.