Post
Topic
Board Bitcoin Discussion
Re: El salvador a trail blazer for other developing countries
by
Argoo
on 08/09/2021, 04:48:16 UTC
El Salvador is the first country to use Bitcoin as legal tender. As pioneers, many small countries, developing countries, or countries that are economically controlled by the United States are all watching the changes in El Salvador. If El Salvador does a good job, it may involve many countries. There are too many unknowns, let's wait and see
However, it is also wrong to impose bitcoin on all residents of El Salvador and even apply sanctions for refusing to use it as a means of payment. We seem to be for freedom in means of payment and the creation of convenience in their use. Freedom is not combined with a lack of choice and methods of coercion to use only this and nothing else. Therefore, coercive measures to use bitcoin can provoke a backlash in people with its rejection. The already very rapid introduction of bitcoin as the only means of payment in the country has caused protests and approximately 70 percent of the population of El Salvador do not agree with these actions of the president. The situation with the rejection of bitcoin may still change, let's see what happens next. So far, Bitcoin has been officially introduced as a means of payment in El Salvador only since yesterday.