Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: Why has bitcoin adoption failed in El Salvador?
by
bitmover
on 27/04/2022, 20:20:47 UTC
⭐ Merited by JayJuanGee (2)
This is one hell of a can of surströmming you're opening here. I'm probably the last person on this forum to defend Bukele and his Chivo project but I don't think anything has failed, rather it has exactly gone as one could have expected.

Adoption, this is one tricky word, what does it even mean, people holding bitcoin spending it using for personal p2p transfers between family and friends or just trading? I can't picture an accurate definition of this adoption when it comes to btc, and even if we go for usage alone, there are other problems, for example is loading a debit visa card with btc usage?

I believe that it was certainly a good experience for bitcoin adoption anyway.
Are people in El Salvador using bitcoin now? No, but it is too soon an it certainly made a lot of people more interested in bitcoin all over the world.

 it is a small step towards a long run bitcoin is doing.  A lot of companies and global authorities gave a more serious thought about bitcoin, and certainly it was positive overall

Even on the threshold of adoption, a wave of indignation swept over the country and people came out with pickets against bitcoin. It was at the end of August, right before the adoption:



Things are a little tricky in these latin América countries. I believe this is very like Brazil.
Many protestors are paid to be there. How come someone, a simple person, protest against bitcoin adoption? If he doesn't want he is not forced to use it. Those people don't even know what bitcoin is.

Certainly these people are there for reasons they can't even figure out.